Posted by MrsLim > 2021-12-07 17:58 | Report Abuse

calvintaneng,

If Ta Ann is such an honest company that is enjoying high CPO prices and EBITDA, why is the company hiring 'forced labour' and not paying the 12-13% statutory EPF employer contribution?


Revenue 1,217.998M
EBITDA 184.201M
EBITDA/Revenue: 15.12%

Contributions to state plans 8,315.139M
Wages, salaries and others 142,173.533M
EPF/Salaries: 5.85%


calvintaneng AIYOO SIFUPUREBULL

AVOID ALL FORM OF CORRUPTION

GO BUY THE MOST HONEST COMPANY CALLED TAANN FOR GOOD DIVIDENDS
07/12/2021 3:02 PM

Posted by stockraider > 2021-12-07 18:01 | Report Abuse

Rubbish lah!

TAANN is so kind...not only hire foreign labors....also provide accomodations for their whole families mah!

This is what we call a very caring employer this TAANN mah!

Lu tau boh ?



Posted by MrsLim > Dec 7, 2021 5:58 PM | Report Abuse

calvintaneng,

If Ta Ann is such an honest company that is enjoying high CPO prices and EBITDA, why is the company hiring 'forced labour' and not paying the 12-13% statutory EPF employer contribution?


Revenue 1,217.998M
EBITDA 184.201M
EBITDA/Revenue: 15.12%

Contributions to state plans 8,315.139M
Wages, salaries and others 142,173.533M
EPF/Salaries: 5.85%


calvintaneng AIYOO SIFUPUREBULL

AVOID ALL FORM OF CORRUPTION

GO BUY THE MOST HONEST COMPANY CALLED TAANN FOR GOOD DIVIDENDS

Posted by goodiewilly > 2021-12-07 18:04 |

Post removed.Why?

Posted by MrsLim > 2021-12-07 18:10 | Report Abuse

stockraider,

Care to show pictures of Ta Ann's provided accommodations for workers, whole families, village etc?

BTW, Andy Hall should take a look at Inari and Philippines Amerton!

https://www.industriall-union.org/the-philippines-amertron-fires-532-union-members

"532 activists and members have been fired from Amertron Incorporated Philippines after forming a union."


stockraider Rubbish lah!

TAANN is so kind...not only hire foreign labors....also provide accomodations for their whole families mah!

This is what we call a very caring employer this TAANN mah!

Lu tau boh ?



Posted by MrsLim > Dec 7, 2021 5:58 PM | Report Abuse

calvintaneng,

If Ta Ann is such an honest company that is enjoying high CPO prices and EBITDA, why is the company hiring 'forced labour' and not paying the 12-13% statutory EPF employer contribution?


07/12/2021 6:01 PM

Posted by MrsLim > 2021-12-07 18:12 | Report Abuse

goodiewilly,

Ask ATA to talk to Dyson and work out a plan.


goodiewilly See ATA price movement for the past one week, margin calls is coming by next week, how to avoid that ? Now notice is received to top up ..shit shit shit
07/12/2021 6:04 PM

Posted by successor26 > 2021-12-07 19:13 | Report Abuse

An open letter to Andy Hall




An open letter to Andy Hall

Dear Andy Hall,

I am writing this open letter to you as a concerned investor in Bursa Malaysia in connection to the closed door virtual meeting hosted by Credit Suisse on the 11am, 2nd Dec 2021 where issues such as ‘modern slavery practices’ surrounding listed companies with the technology sector listed on Bursa Malaysia were discussed.

The aftermath of it was rather obvious and clear by now to all market participants. Following the virtual closed door meeting, some selected few companies which was mentioned in the meeting endured a volatile trading sessions and closed the day lower and as a result, invested investors of all groups be it retailers or institutions had to endure a significant destruction of their holdings on the 2nd of Dec.

While I recognise that the intention was to highlight some of the problems faced by foreign labourers in Malaysia is admirable, it is hugely irresponsible to single out or highlight or target specific publicly traded companies in the closed door call without any corroborating evidence or conclusive investigation shared to the public.

This call also occurred immediately right after ATA IMS’s loss of Dyson’s contract which is still fresh in investors' minds, hence the slightest hint on any companies of improper practices from you will trigger panic selling in the market.

As an advocate of transparency like your goodself, I urge you to share the recording of that discussion and articulate your findings objectively without prejudice to the wider public so investors can make better informed decision when investing.

I also read with interest that you were appointed by Sime Darby Plantation as a member of their Expert Stakeholder Human Rights Assessment Commission in March ’21 and subsequently resigned in July ’21,and also Top Glove as a 'critical friend' in April '21.

If you are able to, it will be helpful if you can disclose whether you have received any compensation from your appointment from those companies.

My concern here is that future ‘wrongdoers’, naturally will consider appointing advocates such as your goodself as a quick fix and treat it as a full absolution of their malpractices.

I look forward to your reply.

Sincerely,

A concerned investor

Posted by oskchoon > 2021-12-07 20:29 | Report Abuse

致力维护员工福祉 开泰：强迫劳动指控不合理
https://www.chinapress.com.my/?p=2775938

Posted by oskchoon > 2021-12-07 20:31 | Report Abuse

https://www.theedgemarkets.com/article/ata-ims-remains-committed-ensure-wellbeing-workforce?type=malaysia

Posted by oskchoon > 2021-12-07 20:41 | Report Abuse

Ataims official statement that Andy Hall fabricated forced labour accusation to bring bad reputation to our Malaysian EMS. Industry to force Dyson terminated the supply contracts so that the said contracts can be given to another company favour to him..

Posted by successor26 > 2021-12-07 20:47 | Report Abuse

The border is still closed. Foreign workers recruitment still freezed. I wonder how VS can take the additional orders from Dyson ? Dyson allow them to use illegal workers to support their orders ?

Posted by MrsLim > 2021-12-07 20:55 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=121219&name=EA_GA_ATTACHMENTS

ATA IMS Clarifies Reuters Report,
Company Firmly Committed to Wellbeing of Employees and Ethical Practices

JOHOR BARU, Tuesday, 7 December 2021: ATA IMS Berhad (“ATA”) views with great concern a recent report by Reuters titled ‘Dyson splits with Malaysia supplier, stoking concern over migrant worker treatment’, which was published on its website on Sunday, 5 December 2021.

ATA wishes to provide clarifications to the report, which it hopes will help readers to have a better perspective on ATA’s continuous and concerted efforts in addressing and improving its labour and social compliance standard and practices, and ensuring a positive business continuity.

1. Workers’ overtime:
• ATA’s company policy strictly adheres to Malaysian labour law, which permits up to 104 hours on normal working days in a month. If workers perform overtime, it is solely on voluntary basis.
• The Company pays workers double pay for working on Sundays and triple pay for working on public holidays.
• In certain months, which have four (4) Sundays and public holidays, a few managers had allowed their workers to work beyond the number of hours allowed.
• ATA views this seriously and has taken remedial measures effective immediately to ensure that this does not reoccur.
• The Company has started implementing a zero overtime on Sunday policy; that unfortunately resulted in the resignation of close to 300 local and foreign workers in the first week of December 2021.

2. Work permits:
• As of to date, all workers on the premises of ATA have valid work permits.
• Challenges with regards to work permits faced by the Company and others within the industry/sector occurred during the Movement Control Order (MCO), when the relevant government offices were running at limited capacity.

3. Coaching of factory employees:
• The Company employs 222 supervisors within the entire business unit, who diligently perform their duties to ensure the smooth running of their divisions and the wellbeing of the employees under their supervision.
• In reference to Reuters’ reporting, only one supervisor was engaged in a highly uncommon incident of coaching employees on what to say to auditors.
• The Company wishes to stress that this is not a company policy and views seriously such non-compliance.
• Towards this, remedial action has been taken against the aforesaid employee.

4. Whistleblowing policy and channels:
• There are external whistleblowing channels operated by independent third parties, supported by the Malaysian Government and the Company’s Human Resources department.
• These channels are in multiple languages; are well promoted and publicised on the Company’s premises; and any reports through these channels go directly to the Company’s customers’ legal teams and the Malaysian authorities.
• The Company wishes to state that these complaints were not previously raised through any of these channels.

5. Former worker Dhan Kumar Limbu:
• The Company refers to another recent Reuters report with regards to foreign worker Dhan Kumar Limbu, which was published on Reuters’ website on Thursday, 25 November 2021.
• The Company wishes to inform that the Johor police has issued a statement on Saturday, 27 November 2021 stating that to date, it has not received any reports regarding the alleged physical abuse by the police of the aforesaid ATA worker.
• The Company had also engaged a prominent law firm, which conducted an independent audit. Based on its findings, the law firm concluded that the allegation made by the aforesaid worker is unjustified and unsubstantiated, and unlikely to have taken place.

ATA remains committed to ensuring the wellbeing of its local and foreign workforce as it delivers quality products and services to its customers in over 80 countries. ATA has a Corporate Social Responsibility (CSR) and Environmental, Social and Governance (ESG) compliance audit planned for December 2021. The Company expects to pass this audit, validating its efforts in this area.

Towards this, ATA requests for Reuters to publish our response, enabling its readers and all interested stakeholders to have a balanced view of the issues highlighted in its reporting.

Kindly attribute quotes to “ATA IMS Berhad” or “the Company”

Posted by oskchoon > 2021-12-07 21:03 | Report Abuse

Good job, finally our government should ensure that no any person like Andy Hall or ILO. Allow to fabricate fake story to sabotage our Malaysian industry or our country reputation..

Posted by Kim > 2021-12-07 21:07 | Report Abuse

https://www.theedgemarkets.com/article/ata-ims-says-workers-resigned-after-it-implemented-zero-overtime-sunday-policy?type=malaysia

Posted by oskchoon > 2021-12-07 21:20 | Report Abuse

Why not give them Malaysian citizenship of bumiputra status and enjoy more salary and other benefits to make these migrant workers happy to continue working otherwise they will complain to their God father Andy Hall in order to stop our Malaysian products exporting to USA. or UK....

Posted by MrsLim > 2021-12-07 21:23 | Report Abuse

There might be elements of sabotage.

If anyone were to visit the following site and to view the picture in the site, the immediate reaction will be disgust towards ATA.

Foreign workers at Dyson supplier allege exploitation – UK report
https://theworldnews.net/my-news/foreign-workers-at-dyson-supplier-allege-exploitation-uk-report

However, the picture was not taken from ATA's worker hostel!

The picture was taken in a hostel on the 2nd floor of a premise in USJ Subang Jaya and the real news was about the living conditions of workers who were fired by unnamed 3 SMEs in Subang Jaya as a result of the MCO in early 2020.

https://www.freemalaysiatoday.com/category/nation/2020/04/08/sacked-and-abandoned-foreign-workers-now-living-in-squalor-says-mtuc/

The issue is not about fact-checking before publishing any report.

If fake evidence was deliberately planted and/or taken out of context, the issue will be deliberate sabotage.


oskchoon Ataims official statement that Andy Hall fabricated forced labour accusation to bring bad reputation to our Malaysian EMS. Industry to force Dyson terminated the supply contracts so that the said contracts can be given to another company favour to him..
07/12/2021 8:41 PM

Posted by dannysky12 > 2021-12-07 21:25 | Report Abuse

Is true if u no give OT, ur local n foreign work will resign. Do u think foreign worker come here because of our basic salary attractive?

Posted by investor2021trading > 2021-12-07 21:26 | Report Abuse

DYSON should withdraw its letter to terminate its contract with ATA!

Posted by investor2021trading > 2021-12-07 21:29 | Report Abuse

this forced labour issue is a all played out by irresponsible persons!

Posted by oskchoon > 2021-12-07 21:51 | Report Abuse

who are the losers, Ataims will lose a big customer, Dyson will lose a high Tech. Supplier and Malaysia will get bad names for..

Posted by dannysky12 > 2021-12-07 22:03 | Report Abuse

Dyson should have backup and planned before announcement.. Not easy to shift all the products to new supplier n supply chain,in 6moths. Asmarket is shortage of components now

Posted by oskchoon > 2021-12-08 07:27 | Report Abuse

https://www.theedgemarkets.com/article/skp-resources-talks-andy-hall-improve-migrant-workers-welfare?type=malaysia

Posted by successor26 > 2021-12-08 08:05 | Report Abuse

劳工风险受控 券商维持威铖“买进”评级 | https://www.klsescreener.com/v2/news/view/920671

VS admitted they use illegal workers! Why Dyson haven't terminate their contract ? If VS makes Andy Hall happy, there will not be any actions taken towards them ?

Isn't this unfair to ATAIMS ??? Yet this was a fabricated forced labour accusations against ATAIMS.

Posted by sychern > 2021-12-08 08:09 | Report Abuse

@Hotstuff When can I get Mtag 0.24??? I waiting so long already!!!

"60% revenue gone! means share price will be 60% discount which is worth only 0.24"

Posted by NatsukoMishima > 2021-12-08 08:35 | Report Abuse

Top glove,Vs , skypree all kneel down infront Andy Hall to save their market cap but ataims still wants to fight with him ! 10 sens is the only way for ataims !

Posted by successor26 > 2021-12-08 08:44 | Report Abuse

In my opinion Sir James Dyson should step into this matter and give ATAIMS opportunity to explain their side of story.

Dyson have taken action by hearsay from activist/syndicates. If this issue being investigated in proper manner, the truth will be revealed.

Maybe some higher rank people in Dyson will get terminated.

Posted by ivanlau > 2021-12-08 08:44 | Report Abuse

In local share market got 4 famous FB / Blogger socall " incredible 4 " as following :

Half boiled egg - tyxxp & stoxxpixx2u
tanjung rambutan - wuchang
Golden Summit - Sor-chai Chong
Windscopo2 - First day but look like last day

If you listen their tips buy stock , u will cry until no tears...

Posted by lavenderong > 2021-12-08 08:46 | Report Abuse

AT RM0.40 plus, ATAim need to expose Andy Hall and fight him. Another way, Malaysia must try its best not to engage foreign workers. Pay a little higher to Malaysians (East and West). It will solve many accommodation problems.

Posted by successor26 > 2021-12-08 08:52 | Report Abuse

Malaysia to recruit security guards from Bangladesh https://www.thedailystar.net/news/bangladesh/news/malaysia-recruit-security-guards-bangladesh-2909116#.Ya2X0ZpSRFQ.whatsapp

Posted by successor26 > 2021-12-08 08:57 | Report Abuse

Malaysia will stop recruitments from Nepal. This is all because of Andy Hall and the mess he created to Malaysia economy.

ATAIMS will not kneel down to anyone but they will fight for their justice!!

Posted by harudin harudin > 2021-12-08 09:13 | Report Abuse

dia datang.........wa wa wa

Posted by harudin harudin > 2021-12-08 09:14 | Report Abuse

ini kali lah bikin uang.

Posted by foo > 2021-12-08 09:35 | Report Abuse

long term growth

Posted by NatsukoMishima > 2021-12-08 09:40 | Report Abuse

Explain for what , CBP is going to action soon on malaysia ems who was listed !

Posted by harudin harudin > 2021-12-08 09:49 | Report Abuse

sure

Posted by harudin harudin > 2021-12-08 09:52 | Report Abuse

yes......mari sama sama hantam

Posted by imvu > 2021-12-08 09:54 | Report Abuse

wow breakout spike

Posted by oskchoon > 2021-12-08 09:55 | Report Abuse

SKP. and VS. hope to take advantage of the downfall of Ataims due to loss of big Dyson contract by having friendly relationship with migrant workers God father Andy Hall, this type of backstabbing is not our culture and tradition , we Malaysian should be unite together against big bully like USA. or UK. and even ILO..

Posted by imvu > 2021-12-08 09:57 | Report Abuse

breakout intraday 0.450 terus terbang .

Posted by ipohwhitecoffee > 2021-12-08 09:57 | Report Abuse

so let's hentam?

Posted by dannysky12 > 2021-12-08 09:58 | Report Abuse

Got good news? Price up so crazy

Posted by dannysky12 > 2021-12-08 09:58 | Report Abuse

Dyson back to ata?

Posted by Winer21 > 2021-12-08 10:01 | Report Abuse

Carefull its game

Posted by hoot9e996 > 2021-12-08 10:04 | Report Abuse

ALL IN!

Posted by hoot9e996 > 2021-12-08 10:06 | Report Abuse

ataims back in ACTION FLY no give face go BREAK 0.5 now!

Posted by icecool > 2021-12-08 10:06 | Report Abuse

gogogo

Posted by tpcourt123 > 2021-12-08 10:09 | Report Abuse

up up up

Posted by dannysky12 > 2021-12-08 10:12 | Report Abuse

i support it since 0.41

Posted by str4der > 2021-12-08 10:12 | Report Abuse

any latest news?

Posted by imvu > 2021-12-08 10:16 | Report Abuse

kaunter ni hari ni mengamuk .

Posted by dannysky12 > 2021-12-08 10:16 | Report Abuse

see the buying power sure know is super good news