atamis on facing labour abuse issue, not low quality product or pricing issue with dyson, they will renew the contract once the problems are solved. same like supermx, top glove facing in the past.
Babyshark01, now only start lost one giant customer already 80% revenue, and yesterday another french customer also cut ties, the rest small customers also standby to cut ties Or maybe bargain further to reduce the price!!! So, nothing good news at all in short periods!!! New customers who dare to give business to you in this sensitive period??? Unless you’ve solved the force labours claim fast! In 6 months? In 1yr? Or 2yrs??? So NOT just lost one major customer lo!!! In short term, really can describe as like the end of the world!!! ——————————————— Babyshark01 Just lost one major customer like end of the world. If management is capable, sure will able to find new customers to fill the gap
The two above events coupled with bleak outlook with CGS-CIMB Research reiterating its “reduce” stance on ATA IMS with a target price of 29 sen does not bode well for the company.
“We remain negative on ATA’s prospects post its investor update as we think the group will continue to post losses going into FY3/2023-3/2024F,” projected analyst Nagulan Ravi in a recent company update.
“We retain our ‘reduce’ call on ATA given its bleak and uncertain prospects … We will turn more bullish on its earnings prospects once we see (i) new customer wins; and (ii) clearer signs of its cost-cutting measures bearing fruit going into FY3/2023F.”
Interestingly, AmResearch has been equally bearish about ATA IMS’ prospect by maintaining its cautious stance on the company’s outlook.
“While efforts have been made to mitigate the damage to its reputation and recoup investors/stakeholders’ confidence, we reckon any concrete progress/results from the proposed solutions can only be seen over the medium term (six to nine months) with no guarantee of a positive outcome,” opined the research house.
Like CGS-CIMB Research, AmResearch also retained it “sell” call on ATA IMS but with a lower fair value of 30 sen (from 56 sen previously).
At 10.35am, ATA IMS was down 2 sen or 4.44% to 43 sen with 84.62 million shares traded, thus valuing the company at RM518 mil. – Dec 1, 2021
One at 0.29, the other one at 0.30.. both of this bankers must be mad.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dompeilee
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Posted by dompeilee > 2021-12-01 11:14 | Report Abuse
Why BALACHANDRAN not buying any more?