Supposed to be force ssale today for trading done 10/11/20 16 mil lots....expected to retract...but it uptrend bull..... Strong support .25 - .26 range

Long ago pic presumed.... No line yet appears..only boxes...it can be anywhere hahaaaa

Top up .....moreeee

.DannyArcher Dont buy glove buy what? Please buy more
12/11/2020 4:28 PM


Hahaaa...buy bye bye

.Market bskl green +7.34... how come said bad ayoooi
697 gainers 446 loser

Today close anticipate greennnnnn

No more below .20......

Market has proven that AT is resilience and uptrending.
Today should expect force sale for 24 mil lots shares traded on 9/11/20...and expected to be marginal down

But the market proves the other way. Its indicators for AT to further uptrend......yesss $1.00 within reach
Better accumulate while can

Momentum good, rsi good, macd above 0 strong buying, stoch good

Next resistance .29
Ckear this buffer.....flies next resistance .37

Sailing pass .27

AT really superstar.......confidence intact...Sailing .265..even bskl down by -6.03
Wowww

Do nt be left ...interesting

.30 today...yeapp

AT Systematization cancels RM22 mil acquisition of industrial glove maker
10 hours ago


By Justin Lim | theedgemarkets.com | 2020-11-11 22:13:39
KUALA LUMPUR (Nov 11):
In a statement, it said it has terminated the share sale agreement it inked in June with the vendors Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon for the purchase, due to the non-fulfilment of certain conditions. However, it did not elaborate what these conditions were.

Following the purchase cancellation, AT Systematization said it will be focusing on building up its own glove production capacity via the establishment of a new plant in Perak.

"This focus is expected to enable its glove manufacturing plant to be established in a mere five months period, as compared to the average period of one-year which is typically required for a glove manufacturing facility to be completed and commissioned,” the firm's statement read.

"Despite the setback in relation to the proposed acquisition of Pearl Glove, the group said we remain committed to accelerate the completion of our glove manufacturing plant in Perak, through which we target to see the delivery of our first batch of nitrile gloves by the end of this year. This would enable revenue contribution from the new glove business in the current financial year of 2021 (FY21),” said AT Systematization's managing director Choong Lee Aun.

Choong said the firm's investment and growth strategy are supported by the continued strong demand for gloves, adding that the company has received "overwhelming response and enquiries for orders from foreign and local buyers, even before the start of production".

AT Systematization, which was the most actively-traded stock yesterday with 1.67 billion shares done, again topped the actives list today with a trading volume of 2.83 billion shares, which account for 27.77% of the total 10.19 billion shares traded on Bursa Malaysia for the day.

At 27 sen apiece, AT Systematization now has a market capitalisation of RM878.34 million.

Edited by Tan Choe Choe.

Seeee...with market capital RM878.34 mil wowwww AT surely moved forward..... It reflects high confidence of shareholders to the initiatives. Glove in mind...

AT is Glove stock...yesssss

.Powerplay666@ AT themselves forecasted 2.6 billion gloves by next year estimated at 860 million revenue. Going by the profitability of the other glove companies, profit will be around 290 million annually once fully ramped up. That works out at around 8. 9 sen eps. Using a conservative pe of 20, that works out at 1.78 share price. Since this is operator led counter, the price could be even higher. But need to wait until next year for this price I reckon unless operators get ahead of themselves. Huat!
12/11/2020 6:39 AM

You re rite powerplay666......theprice for AT in months to come easily $1 above.... At par to LKL,HKL...or as glove production.. likely at par to the 4 big players. Glove

$1.78 is within easy reach once the factort start running? Customers already waiting....wowwww

Very good opportunities and timing at time like this
However... Still ppl in denial.... Yesssss
AT is a super star.....

Those times AT....past already
Today AT is synergise AT glove as the core revenue...yrssssss the world demand glove appreciating... Till 2025...

The demand nvere ease...as long as human
What about AT condom brand later... Why not..

I hope AT also venture into condom production...hahaaaaaaaa lucrative and profitable

Hahaaaa...... Even SIS..... Tag price for AT is .24sen.... Come on ...

So...up up up ayaaa indicators are there..lets fly

True...... Think glove think AT . Think is the cheapest glove stock as today....tomorrow...tomorrow..it wont be no more... Anothet super AT in the making..yesssss glove glove....

One thing for sure is more medical gloves are required when vaccine is approved by FDA. Medical staff have to wear gloves to inject vaccine

Hahass

Hahaa... TA continue to uptrend. Theme glove is still intact.
Even GETS fm bus company and tourism..just having said to venture into glove. Limit up 3 times... Price now More $2

I sure AT still the cheapest glove stock... So not forget AT ink agreement with LKL as distributor for glove.

Perceptions ppl different.
Anticipation. Uptrend still intact ...and for sure TP $ 1 above anticipated soon

Do not miss

AT is rejuvenating... And for growth tapping on the opportunities glove demand..

Extract fm Announcement company

AT Systematization Berhad is pleased to announce that its wholly owned subsidiary, AT Glove Engineering Sdn. Bhd. has on 6 November 2020 entered into a distributorship agreement with LKL Advance Metaltech Sdn. Bhd. to appoint LKLAM as a distributor with a non-exclusive right to market, sell and distribute natural rubber latex gloves and nitrile gloves worldwide.

Please refer to the attached for further details.

This announcement is dated 6 November 2020


So that...is agreement.
AT is very serious about bz glove growth and on the right direction.

No doubt..AT will ready for further growth in revenue..a resilience compny for better ROI to shareholders

The theme glove is still of high demand.. for sure

The facts is AT still the cheapest glove stock around and growth is expected

.see AT announcements today.... Part of it

Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, AT wishes to announce that it has offered options to eligible Directors and employees under its SIS, the details of which are as follows:-

(a) Date of offer: 11 November 2020

(b) Exercise price of options offered: RM0.24 each

(c) Number of options offered: 21,220,000

(d) Market price of AT’s shares on the date of the offer: RM0.27

(e) Number of options offered to Directors of AT are as below: Nil

(f) Vesting period of options offered: The Options are vested on the Offer Date.

This announcement is dated 11 November 2020.




Evev SIS offer share at. RM0.24........ see quite high ..quotation to her staff.

This means that... No more price below .24 ¢ most likely..
Bullish ahead . Anticipated

Its good then ..i believe...

Better AT focus on own brand new production line and grow fm there. Surely based on the Pearl Factory itself..most likely below std of op...and etc.. Thats .why AT reconsider

But why Pearl itself unable to optmise glove production and be profit fm it great opportunities to generate revenue on the current situation high demand of glove in market.

Most likely pearl factory is liabilities to AT old aging factory, high maintenace cost if proceed with the acquisition.... So much.better for AT to assemble new brand production line with new high tech art of state ..
AT itself has the capabilities and leverage on her own expertise..... Better to focus chenor factory glove and expand fm there..better....all new machine and set up.

Emm

By end month expected to hover 50 cent
Mou agreement with LKL is really booster glove growth bz expansion..yes

Resistance next .29. Clear this next resistance .37
Disclaimer

Wowww

Yessssss

.25 buullish..... So do not cry

Hahqa

Gglagg what? If u wish to run...yoiu can run laaa ....only u.......this kind of narket AT is very attactive and yessssss e ough fiir me to get my new banglow

Buystocks@it looks that the price unlikely to go below .178¢. Which is good rest assured

Byr bye no more below .178 sen...... Better hve your ticket rather than miss the boat

Time to accumulate ....less talk rocks more.

AT on the right track...... Why wurries.... All in place and getting consolidated.... Still got time for catch up if wish.....market demand for glove locally and global is still uptrend... Opportunities wide open.
Naysayers ...please. Do not be mislead....

By acquisition pearl... Glove already in productions.... All being booked..hahaaaaa not enough

Thumbs up for AT.... Bravo guys

Support at .19¢ strong...

Its not really true if vaccine availablr ..glove stock down.... Its just pure perceptions abd very misleading.

Due to the Covid 19 pandemic the demand for medical gloves far exceeds supply. All the glove makers can easily increase their selling prices to make more and more money which are being reflected on their share prices. That is why each of them has shot up a few hundred percent in the last few months. They will continue to go up higher and higher until the pandemic is under control.

Many scientists predicted that the pandemic will take at least 1 or more years to control in spite of the fact a few vaccines are under phase 3 testing. Even if the vaccines are proven to be effective, it will take a long time to vaccinate everybody in the whole world to prevent the virus from spreading.

Some traders sold because they thought the reason for them to buy the stock is no longer valid. For example, Russian President Putin recently announced that his daughter was inoculated with an unproven Covid 19 vaccine. This has created a lot of confusion and many investors rushed to sell their glove stocks to depress the share prices. Supermax and Top Glove each dropped about 10%. They rebounded yesterday because the Russian doctor who vaccinated Putin’s daughter with his unproven vaccine resigned after he was told that all vaccines have to undergo phase 3 testing. Putin’s daughter may soon die???

So hold tightly to AT.
Its a missperceptions that if vaccine is avail..then glove stock down... Not exactly true....Gloves are ever needed . Used gloves are for dustbin.

So logically gloves are demanded of course.. for sure because it is used in health care as well as other many usage.

Pfizer..german

If GETS...bus tourism bz can limit up 3 times theme glove and vacc... AT surely limit up 4 times... $2.00
Hahaas just be patience

Twice limit up...will reach 1.00.... so near yet so far

Hahaa less talk ...lets rock the boat...... TP AT easily $1.00

Why so many naysayers..... TA looks good.... On ground looks fine..AT is golve player, growth is imminent.... TP anticipated 1.00...... at par with her elder brother sister LKL..HLT.......Together we grow... Why not.... Yes

Tq guys.... For giving the balls to..hahahaaa..many balls make a day yessss .

Think Glove counter

Further up..if news pearl glove acquired..yesssssss.....

.21 nowwww go go AT

Yes Glove stock....remember glove... If news confirm acquire pearl Glove plant..... Wowwwwwwww 1.00 TP alike HKL/LKL

Luv u AT......