Bankrupt soon. Even tongkat are given by Petronas in the form award of contracts, the more jobs it wins the bigger losses it make. Simply poor management and incompetency at every levels of the company..
A undervalue stock that will certainly recover. The OMAHA Warren Buffet once said " We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful" could be well applied to this situation...
Factory are vaccinating their workers and like the statistics show, the number of hospitalized and infected in Selangor and Klang are decreasing with higher rate of vaccinations..
"Barring any unforeseen circumstances, the Group expects better performance in the coming year as the prevailing CPO prices are expected to be sustainable and FFB production is expected recover with improved weather conditions in Sabah coupled with easing restrictions on labour recruitment as the Covid 19 Situation improves"
There is global acute shortage of chips, demand outstrip supply many times. Those in chip manufacturing will be reaping handsome profit for sure ..With EV theme will be next catalyst of growth for auto segment and Silterra's less-advance chip will find its niche here too.
those still thinking made in china is still low quality product are themselves to be blamed with such as an ignorance. It all come down to how much you the buyer want to pay. They produce product to tailor to your cost budget.
Jaycorp's management say only minimum impact on query about rising rising freight charges on their profitability so should expect the same for other furniture stock.. Perhaps furniture companies are regular customer for freight forwarding company with volume and this should help.. at the end of cost would be shared or transferred to customers as this is not problem in this region but entire world..