atamis wealth already vaporized more than 75%, not good for the market in general, the country become poorer, many people have less money to purchase our stock, i hope atamis share price will recover as soon as possible.
ATAims is goner......now Malaysia Government want to charge the company.... ATAims even losing their small client as well as reported in news recently.
Tomorrow LD to 21 cents lo... it is achieveable target.
Don't worry, it is normal procedure for Minister to charge Ataims in court and Dyson and ILO plus Andy Hall have to engage their lawyers to fight the case, Ataims have already lost the contract and it will affect the jobs of the Ataims migrant workers, I believe those migrant were who will lose the jobs due to Dyson, they will hate Dyson for becoming jobless and no Malaysian company will employ them because they ask for it..
Just imagine, more than 5,000 migrant workers will become jobless in six months time, I sincerely hope that their poor family will welcome them back as a hero for human rights without any income, they ask for it but they can always blame Dyson.. these migrant workers
Malaysian government also charged many people in court for corruption charges, worst than forced labour allegations, so far anything happen to them, don't worry the end loser are those Ataims migrant workers, court case will take many years and Dyson management, ILO officials and Andy Hall will be busy for that..
Relevant Abstracts from Minutes of d 32nd AGM held on 23th Sept '21.
Aside from Dyson, new customers continue to grow. ATA has secured five new customers in providing turnkey manufacturing solutions namely Sagemcom, Schneider Electric, Swift Labs, Ecobee and Cricut.
ATA is aiming for 40% to 45% of its revenue to be contributed by NEW CUSTOMERS. By growing its business alongside that of its key customer, the company hopes to allay fears of concentration risk.
We are entirely committed to the well-being of our employees and adhere to labour laws, policies and CSR ethical requirements. During the MCO period, we recruited additional local workers to replace foreign workers whose permits had expired and who had returned to their home countries. However, we want to continue recruiting foreign workers as soon as the Government allows us to. WE PRACTICE A ZERO-RECRUITMENT FEE POLICY.
The Company is now running at 60% capacity, but this will be increased to 100% by October 2021.
The Company will always research the best approach to reward shareholders, for example, the Company is proposing a dividend of 3.35 sen and if the Company contemplates a bonus issue, the Company will make an announcement.
Just imagine, if Malaysian Court found that Ataims management is not guilty and Dyson was mislead by ILO and Andy Hall, then what will happen to Ataims share price, your guess.. It is definitely worth the patience to buy at very low price and wait for good news about Ataims verdict..
Which company got no labour issues ? Sk , vs all have labour issues. If cut ties dyson can close shop already. Just hold it will rebound when the time is right
Latest news from Human resources ministry no charges on forced labour allegations but will investigate the matter so it is all misinterpretation in the media.
The United States has confirmed its first case of the new, heavily mutated coronavirus variant called omicron, in Northern California. The variant, initially known as B.1.1.529, was first detected in South Africa, the World Health Organization said. Scientists will need a few weeks to determine how vaccines and treatments perform against the new variant.
Immediate support is RM 0.38 and immediate resistance is RM 0.53, any breaking up or down of this will indicate the trend today, trade cautiously as contra sharks will pump up or dump down.
Ataims NTA is RM 0.67 with cash holdings of RM 330 millions, without the Dyson contract and lay off around 5000 migrant workers thus saving cost, at the price between RM 0. 38 and RM 0.53 is a value buy, patient is the game, since all bad news already out, only future news will be good news..
December 02 - At the time of writing, stocks classified under the technology and EMS sector saw a sharp sell off.
VSI is down 10%, Inari is down 6%, Globetronics is down 4%, JCY is down 1.6%
This is after Andy Hall, the human rights activists and anti modern slavery advocate (who was the reason behind ATA's demise) had a talk organised by Credit Suisse with institutional investors at 11am earlier today
According to participants in the call, Andy Hall highlighted that VSI and JCY are next on the list. Tech in general for ICT those that does jobs for the likes of Apple is still ok, but automotive and medical device players standards are below par and he has set his sights on those sectors.
Risk off will be centered on companies focused on dependent on MNC orders and after experiencing ATA most investors will rather sell first and ask questions later and then get some sort of clarification later.
Then again ATA's severe price drop is down to its concentration risk where its dependent on one large customer, therefore its unlikely that any of the companies mention highlighted by him will drop of the same magnitude like ATA
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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
11,888 posts
Posted by dompeilee > 2021-12-01 19:42 | Report Abuse
Balachandran's ---- shrink already...only bought 100k, presumably ~ 43-50c from 950k @ 52c on Monday.