The money is to buy land and build factory la. Till now still no new factory and manufacturing. That why cash rich. If not mistaken, they need to spend within 36 months which due next year. Not sure which month la...but i think soon la. Unless the request bursa for extension.
revenue and profit is stable and very good profit margin, good free cash flow. However, 2 years post IPO, plan was to buy land and expand, until now no land has been identified even, no reason given. Why is management so layback?
During the Full MCO (FMCO) since 28 May 2021, the Group’s factory was allowed to operate at 60%
capacity. The Group continued to abide by Ministry of International Trade and Industry (MITI)’s
directives to ensure regular sanitization of premises, Covid-19 test screening and shall adhere to the
quarantine period recommended by MOH (if required), to mitigate the risk of contamination of its
plant from Covid-19 disease. The Group resumed operation at normalcy since 1 October 2021.
Although the Group experienced disruptions, there were no job losses or salary adjustments due to
Covid-19 despite the challenging economic climate.
The Group is mindful of the risk of Covid-19 disruption and global supply chains issue. With the rising
vaccination rate, improving consumer sentiment and business outlook, the Board remain optimistic
that the Group’s performance will regain some momentum towards the end of the year. The Group
has maintained a healthy balance sheet and sufficient liquidity position facing the challenges ahead.
The Group has cash and bank balances and fixed deposits amounting to RM128.2 million and zero
borrowings as of 30 September 2021.
The Board and management expect the situation to remain challenging for year 2022 depending on
the scale and length of the Covid-19 pandemic and government policy in managing the pandemic.
Despite all uncertainties arising from the current Covid-19 pandemic, the Group is confident that it
will continue to be profitable
The Group
has maintained a healthy balance sheet and sufficient liquidity position facing the challenges ahead.
The Group has cash and bank balances and fixed deposits amounting to RM128.2 million and zero
borrowings as of 30 September 2021.
MTAG supply to SKP and VS as well not just ATAIMS. So if Dyson terminate their contract and move their order to SKP or VS, MTAG will also benefit. So in all, no difference for MTAG. Knee jerk reaction.
SKP & VS already engaged with their own suppliers, only less than 10% is given to MTAG which is relatively tiny revenue compare to ATAIMS. the fact is ATAIMS is losing the big client and thus MTAG is losing its 60% of total revenue from ATAIMS. do the math...half of the sales gone...what about the share price?
According to Jaw Place Research, JABCO Filter is the biggest customer of MTAG in the business segment of Mesh Filter Converting . However, JABCO is unlikely supplying to Dyson.This is because the business services & activities provided by JABCO (see Jabco website) are as described below. JABCO is mainly supporting the Health Care Industry in area of PPE (personal protection equipments).
JABCO's business services and activities): "To Carry On Business Of And To Act As Manufacturer,Marketers,Importers,Exporters,Retailers,Buyers,Sellers,Distributors Of And Dealers In Disposable Surgical Masks And Medical Devices,Lab Apparels,Wipes And In All Kind Of Descriptions For Diagnostic Centers,Hospitals,Nursing Homes,Laboratories Pharmacies And Any Other Health Care, Life Cares,Centers"
Dyson is discontinuing service provided by ATAIM (June 2022). JABCO Filter is a separate company. Although it may have common shareholders as ATAIM. its contract service to Dyson (if any) should not be affected because of their common shareholders.
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....
Stanley Chong
56 posts
Posted by Stanley Chong > 2021-10-08 09:55 | Report Abuse
Liao .700 sen coming