 | Stock: [ATAIMS]: ATA IMS BHD Jan 21, 2021 3:18 PM | Report Abuse ATA IMS suspends all factory ops for a week on account of high Covid-19 cases in Johor Bahru
(Jan 5): Electronics manufacturing service (EMS) company ATA IMS Bhd, which is headquartered in Johor Bahru, has temporarily shut down the operations of all its factories there on account of the high daily number of Covid-19 infections there.
As a number of our staff and workers have also been tested positive for Covid-19, the management has made this decision for voluntary temporary shutdown for the benefit of our employees and the community, as our top priority is the health and safety of our employees and to stem the spread of Covid-19 infections.
During this shutdown period, the company is working closely with the Johor state Ministry of Health (KKM) to conduct PCR testing for all workers, and for cleaning and sanitisation of our premises, according to KKM’s guidelines and stringent SOP. All employees have been strongly encouraged to stay home and observe the health preventive measures at all times, |
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| Stock: [KAREX]: KAREX BHD Jan 13, 2021 12:10 AM | Report Abuse Condom manufacturer Karex says 35 employees tested positive for Covid-19
(Dec 21): Karex Bhd said 35 of its employees have tested positive for Covid-19, out of 2,000 that had been screened for the virus.
In a filing with Bursa Malaysia today, the condom manufacturer said 28 cases were discovered from screening conducted at its catheter facility located in Pontian, Johor on Dec 16.
The remaining seven, it said, were isolated cases found in its two other condom factories.
Karex wishes to inform that commencing Nov 23, 2020, we have decided to voluntarily conduct Covid-19 screening for our employees, both local and foreign, across all of our facilities in Malaysia.We wish to inform that, to date, we have completed routine screening of over 2,000 of our employees and have discovered a total of 35 positive cases. We will continue to conduct screening across all of our facilities and provide updates on the matter," said the group.
Karex said the affected catheter facility is closed temporarily for disinfection and sanitisation processes and is expected to resume operations in stages beginning Dec 25.
We immediately notified the Ministry of Health (MoH) and have worked with them to identify close contacts of our affected employees as well as to ensure that our affected employees were provided proper medical care and placed in quarantine for subsequent screening.
Karex will continue to adhere to the standard operating procedures as directed by the National Security Council and the MoH in order to ensure the necessary safeguards are in place to prevent the spread of Covid-19 and to ensure that our employees are provided a safe and healthy working environment," it added.
Karex's share price closed 1.5 sen or 1.82% lower at 81 sen, bringing a market capitalisation of RM811.92 million. A total of 1.23 million shares changed hands. |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Nov 23, 2020 10:36 PM | Report Abuse According to Top Glove, it has already temporarily stopped production at 16 facilities in Meru since Nov 18. Meanwhile, the other 12 facilities have been operating at much reduced capacities.
We are committed to proceeding with the MoH's recommended Covid-19 screening test of the balance workers and staff of our factories in Meru, Klang.
The safety and well-being of our employees and local community are of our utmost priority towards containing the situation and to flatten the Covid-19 curve |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Nov 23, 2020 10:36 PM | Report Abuse According to the Ministry of Health (MoH), the Teratai cluster that is linked to Top Glove's workers reported 1,067 new Covid-19 cases today.
As of today, there are 2,524 positive cases (43.8%) that have been reported to be relating to the Teratai cluster, out of a total of 5,767 individuals who have been screened. A total of 1,330 samples are confirmed to be negative, while 1,913 are pending for results.
Based on data prepared by the MoH, the latest tally of active cases in the cluster — meaning patients who carry high transmission risks and have to be admitted to hospitals and quarantined — stood at 2,359.
All cases linked to this cluster involve 164 Malaysians and 2,360 foreigners aged between two and 68 years.
Most of the cases from this cluster are the factory workers in Meru, located in Klang. All positive cases were hospitalised and their close contacts were quarantined to prevent the spread of infections,said MoH director-general Tan Sri Dr Noor Hisham Abdullah at a media briefing today. |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Nov 23, 2020 10:35 PM | Report Abuse Earlier today, Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob announced that a total of 28 Top Glove factories in Klang would cease operations in stages to allow factory workers to undergo screening and mandatory quarantine in an effort to contain the spread of the virus among Top Glove employees. |
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| Stock: [TOPGLOV]: TOP GLOVE CORP BHD Nov 23, 2020 10:35 PM | Report Abuse Top Glove Corp Bhd has confirmed that it will temporarily shut down 28 factories in Klang, Selangor following an insurgence of Covid-19 cases among its workers.
Top Glove, the world's largest glove manufacturer, has 41 factories in Malaysia. |
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| Stock: [BKAWAN]: BATU KAWAN BHD Sep 9, 2020 10:04 AM | Report Abuse Response thus far has been lukewarm but we have not given up hope. In absence of any success, we may have to plead to the government for help |
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| Stock: [BKAWAN]: BATU KAWAN BHD Sep 9, 2020 10:04 AM | Report Abuse Like never before, billboards have been erected at estates and mills, advertisements placed in the media, and intense engagement with the authorities to entice locals are done on a regular basis, |
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| Stock: [UMCCA]: UNITED MALACCA BHD Sep 9, 2020 10:04 AM | Report Abuse But now as lockdown policies restrict travel in many parts of the region, and the Malaysian government looks to cut back hiring of migrant workers, palm growers are left with little choice. The industry is also reaching out to drug rehabilitation centers for potential workers |
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| Stock: [TDM]: TDM BHD Sep 9, 2020 10:03 AM | Report Abuse The lack of workers has plagued Malaysian growers for years. Despite incentives like free housing, electricity and social amenities, locals shun the labour intensive process of harvesting palm fruit, pushing the industry to employ migrant workers from Indonesia, Bangladesh and India. Dependence on foreign labour is now more than 80% |
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| Stock: [KMLOONG]: KIM LOONG RESOURCES BHD Sep 9, 2020 10:02 AM | Report Abuse The bullish prices experienced now cannot be fully exploited and this is going to be a big loss to both the industry and the government. Benchmark futures in Kuala Lumpur have surged almost 50% from their low in May |
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| Stock: [TSH]: TSH RESOURCES BHD Sep 9, 2020 10:02 AM | Report Abuse Malaysian palm growers have employed prisoners since 2016, Nageeb said, but the search is intensifying as the coronavirus exacerbates the labour shortage. Malaysia, the biggest grower after Indonesia, was already short of about 36,000 workers before the pandemic, he said. Now that’s risen significantly, which means the country may see up to a 30% loss in potential output |
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| Stock: [PPB]: PPB GROUP BHD Sep 9, 2020 10:01 AM | Report Abuse Producers of the tropical oil are reaching out to prison departments in search of locals for work in the palm industry that’s considered dirty, difficult and dangerous, according to the Malaysian Palm Oil Association, a growers’ group that represents 40% of the palm-planted area in the country. |
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| Stock: [IOICORP]: IOI CORP BHD Sep 9, 2020 10:01 AM | Report Abuse The coronavirus crisis has pushed the Malaysian palm oil industry into a labour crunch so severe that it’s turning to prisoners for help. |
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| Stock: [KLK]: KUALA LUMPUR KEPONG BHD Sep 9, 2020 10:00 AM | Report Abuse Palm oil growers seek prisoners to end virus-driven labour crunch |
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| Stock: [MAGNI]: MAGNI-TECH INDUSTRIES BHD Sep 9, 2020 9:59 AM | Report Abuse Magni-Tech expects its operating environment for the rest of FY21 to be challenging given the yet-to-abate Covid-19 pandemic, and uncertainties about the pace of economic and business recovery. |
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| Stock: [MAGNI]: MAGNI-TECH INDUSTRIES BHD Sep 9, 2020 9:59 AM | Report Abuse Its packaging segment, however, recorded a 32% rise in PBT — despite a 2.9% slip in revenue to RM23.85 million on lower sale orders — thanks to lower raw material costs. |
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| Stock: [MAGNI]: MAGNI-TECH INDUSTRIES BHD Sep 9, 2020 9:58 AM | Report Abuse The lower revenue, on top of lower investment income, resulted in lower profit before tax (PBT) for its garment segment, which fell 14.1% to RM33.33 million |
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| Stock: [MAGNI]: MAGNI-TECH INDUSTRIES BHD Sep 9, 2020 9:58 AM | Report Abuse Its garment segment, which contributed to over 90% of the group's revenue in 1QFY21, recorded an 11.4% drop in revenue to RM268.14 million. The segment is its main income-generating segment and accounted for 95.2% of the group's profit from operations |
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| Stock: [MAGNI]: MAGNI-TECH INDUSTRIES BHD Sep 9, 2020 9:58 AM | Report Abuse The garment maker, which is also involved in the manufacturing and sale of flexible plastic packaging goods and corrugated cartons, said its financial performance for the quarter was considered "fairly satisfactory" given the pandemic-driven sharp economic contraction that had significantly impacted practically all business sectors across the globe |
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| Stock: [MAGNI]: MAGNI-TECH INDUSTRIES BHD Sep 9, 2020 9:58 AM | Report Abuse Magni-Tech Industries Bhd's net profit for the first quarter ended July 31, 2020 (1QFY21) fell 12.3% to RM26.76 million from RM30.51 million a year earlier, as revenue dropped 10.8% to RM291.99 million from RM327.33 million |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:56 AM | Report Abuse The company said construction of the remaining lines is in the pipeline, with the construction of Plant 7 of the NGC also targeted to commence in late 2020 |
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| Stock: [IWCITY]: ISKANDAR WATERFRONT CITY BHD Sep 9, 2020 9:56 AM | Report Abuse IWH takes cognizance of Ekovest as being one of its long-term trusted business partners that has the necessary skills and technical know-how to undertake largescale infrastructure developments. The Bandar Malaysia project is a prime national economic project, in which Ekovest’s direct participation and investment in IWH-CREC will potentially generate billions in order book sales arising from future infrastructure and development of Bandar Malaysia, which has an estimated gross development value (GDV) of approximately RM140 billion," said Ekovest, adding the outcome of the negotiation will be announced in due course |
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| Stock: [IWCITY]: ISKANDAR WATERFRONT CITY BHD Sep 9, 2020 9:56 AM | Report Abuse Ekovest's announcement comes less than two months after it was revealed that TRX City, an indirect wholly-owned unit of Malaysia's Ministry of Finance, had given IWC-CREC a four-and-a-half-month extension to pay the balance RM1.1 billion upfront deposit for the stake buy. |
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| Stock: [EKOVEST]: EKOVEST BHD Sep 9, 2020 9:56 AM | Report Abuse Ekovest said it was offered the opportunity — via a letter it received today from IWH — to explore the company's participation as a strategic investor in the development by taking up IWH's stake in IWH CREC Sdn Bhd (IWC-CREC) |
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| Stock: [YILAI]: YI-LAI BHD Sep 9, 2020 9:55 AM | Report Abuse The company has been loss-making since 2017. For the six months ended June 30, 2020, |
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| Stock: [YILAI]: YI-LAI BHD Sep 9, 2020 9:55 AM | Report Abuse new business to contribute 25% or more of the group’s net profits or net assets moving forward, barring any unforeseen circumstances |
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| Stock: [YILAI]: YI-LAI BHD Sep 9, 2020 9:54 AM | Report Abuse Notwithstanding the proposed diversification, the board intends to continue with its existing principal activities in the same manner. Yi-Lai is principally involved in the manufacture and sale of ceramic and homogeneous tiles, trading and distribution of tiles |
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| Stock: [YILAI]: YI-LAI BHD Sep 9, 2020 9:54 AM | Report Abuse Yi-Lai said it will provide funding to meet the financing conditions for the new business up to a commitment amount of RM9.5 million |
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| Stock: [YILAI]: YI-LAI BHD Sep 9, 2020 9:54 AM | Report Abuse Both companies intend to set up a joint venture firm to run the new business, with Yi-Lai holding a 49% equity interest and TechBase the remaining 51% |
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| Stock: [YILAI]: YI-LAI BHD Sep 9, 2020 9:53 AM | Report Abuse Yi-Lai said it has entered into an agreement with TechBase to collaborate for the purpose of establishing its new IT solutions business, which specialises in the provision of blockchain and system integration services |
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| Stock: [YILAI]: YI-LAI BHD Sep 9, 2020 9:53 AM | Report Abuse Ceramic and tiles manufacturer Yi-Lai Bhd is venturing into the information technology (IT) solutions business in partnership with TechBase Solution Sdn Bhd, a company controlled by its newly-appointed executive director Au Yee Boon |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:53 AM | Report Abuse The completion of this expansion will bring the group’s total installed capacity to 76 billion pieces per annum. |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:52 AM | Report Abuse the group’s preliminary plans for NGC 2.0 entailed seven production plants, comprising 82 production lines with an installed capacity of 32 billion pieces of gloves. |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:52 AM | Report Abuse Towards this end, during the year, the group has acquired a parcel of land located in Banting, Selangor, totalling approximately 38.44 hectares...this is intended to serve as the future site for NGC 2.0 |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:52 AM | Report Abuse As we expand and diversify our market base, this sets the foundation for our next phase of expansion — NGC 2.0 |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:51 AM | Report Abuse Premised on this, the group’s strategic growth plans are aligned with the anticipated long-term needs of the global healthcare industry |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:51 AM | Report Abuse the company continues to ramp up capacity, it is cognisant of the fact that the baseline for global demand has shifted and this is expected to be the new normal |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:51 AM | Report Abuse As this period of heightened demand continues, the company is committed to doing its part to protect those at the frontlines of this epidemic. |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:50 AM | Report Abuse Covid-19 will abate and preventive measures having achieved some progress worldwide, this truly unfortunate situation is expected to persist for the time being |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:50 AM | Report Abuse The rubber glove maker also aims to optimise the integration of technological solutions including Industry 4.0 within its business processes and operations |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:50 AM | Report Abuse Upon completion by the 2022 financial year, our annual installed capacity will increase to 44 billion pieces,” executive chairman Kuan Kam Hon |
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| Stock: [HARTA]: HARTALEGA HOLDINGS BHD Sep 9, 2020 9:49 AM | Report Abuse Hartalega Holdings Bhd has commissioned four production lines at Plant 6 of its Next Generation Integrated Glove Manufacturing Complex (NGC) to accelerate its production capacity. |
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| Stock: [GETS]: GETS GLOBAL BHD Sep 9, 2020 9:48 AM | Report Abuse Gets Global has been in a loss-making position since 2016. For the cumulative six months ended June 30, 2020, it posted a loss before tax of RM18.92 million, wider than the RM10.5 million recorded a year ago |
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| Stock: [GETS]: GETS GLOBAL BHD Sep 9, 2020 9:47 AM | Report Abuse Furthermore, the board anticipates that the glove business will largely contribute to the group's earnings in the future given its intention to expand and increase its production capacity to generate higher sales |
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| Stock: [GETS]: GETS GLOBAL BHD Sep 9, 2020 9:47 AM | Report Abuse Barring any unforeseen circumstances, the board anticipates that the group's glove business may contribute to 25% or more of net profit to the group |
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| Stock: [GETS]: GETS GLOBAL BHD Sep 9, 2020 9:47 AM | Report Abuse Subject to obtaining shareholders' approval for the proposal at an extraordinary general meeting to be convened, the construction of the glove manufacturing plant is expected to commence by the fourth quarter of this year and will start commercial operations by the second quarter of year 2021. |
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| Stock: [GETS]: GETS GLOBAL BHD Sep 9, 2020 9:47 AM | Report Abuse group intends to construct a new glove manufacturing plant with an estimated built-up area of 520,000 sq ft and is capable of housing up to 12 glove-dipping lines on the industrial land currently owned by the group to undertake the glove business |
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| Stock: [GETS]: GETS GLOBAL BHD Sep 9, 2020 9:46 AM | Report Abuse Another RM19.1 million will be used for the repayment of bank borrowings |
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| Stock: [GETS]: GETS GLOBAL BHD Sep 9, 2020 9:46 AM | Report Abuse Gets Global said the board is of the view that the proposed diversification allows the group to capitalise on the favourable long-term prospects of the glove industry |
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