https://www.klsescreener.com/v2/announcements/view/3380835
https://www.klsescreener.com/v2/announcements/view/3382533
From the 2 links above, we can see that AT Directors had invested their own company through EMPLOYEES' SHARE OPTION SCHEME ("ESOS") from 22/June/2021 to 24/June/2021 these 3 days. In these 3 days, they had purchased 328,894,407 shares at RM0.07, equal to RM23,022,608 (RM23 mil).
AT upcoming quarter report is going to release soon (expected on 30/June/2021, 6 days later). This quarter report is very crucial because it is the first quarter report that shows the result of glove business. If the result of their glove business is good, their share price very likely will hit the 1st target price - RM0.134, followed by 2nd target price - RM0.28, and 3rd - RM0.80 (refer to https://klse.i3investor.com/blogs/AT_0072_fundamental_analysis ). Although ESOS will dilute the shareholding percentage of public investors, but from another perspective, company Directors invest in own company at this time shows that Directors have great confident in own company. The upcoming quarter report very likely will be good, the answer is about to be revealed very soon.
Jackpot888
what do u mean they invest ? isn't they are given free options?
2021-06-25 14:50