ATA considers all key issues closed and, as it steps up on its ESG efforts and works towards better ESG initiatives, the Company reiterates that it is firm in its commitment to continueworking closely with the Government, the Ministry of Human Resources, and relevant bodies this is space.

ATA hopes for all parties to be fair and to await the response from the offices of the AttorneyGeneral of Malaysia on the revocation of the summonses by JTK Johor Bahru; and to consider ATA’s remedial measures in ensuring the wellbeing of its local and foreign workforce; and to maintain a neutral and balanced position in reporting of the Company.


Remark: ATAIMS statement blame all other factors. Such arrogant ATAIMS management statement indeed derseve Dyson termination

Mr Andy Hall said, “I am glad to acknowledge the positive momentum, transparency
and openness shown by SKP’s leadership to engage me regarding my legitimate
concerns raised and then to effectively put in place a clear timeline and action plan to immediately remediate remaining labour issues from the Company’s operations.”

Mr. Andy Hall added, "SKP has indeed shown urgency and demonstrated their ability
to put in place a fast, well organised, professional and effective action plan in response to the concerns I have raised. I am confident this action plan when implemented can significantly benefit the migrant workers of the company. SKP’s response and commitment to this issue is commendable."

“I look forward to working together with SKP, based on the findings from the
independent social compliance audit to be commissioned by the Company in April
2022, to ensure migrant worker’s rights and worker welfare are continually prioritised within the Company’s operations.” Mr. Andy Hall added.

The Company’s workforce is made up mainly of local (Malaysian) workers.
During the pandemic, when the Government had instated the national
lockdowns (known as the Movement ControlOrder, MCO) and businesses were
ordered to limit or stop operations altogether, most of ATA’s local workers had
chosen to leave the Company in favour of pursuing gig work.

After the MCO was lifted, these workers chose to continue working in various
gig economy jobs, such as in malls, theatres, restaurants, as well as logistics.


Remark:
ATA IMS not only facing foreign worker issue, but also failed to retain local worker, presumbly due to very poor management. Those chase high today, hoping for Dyson reinstate ATAIMS contract will face tumbling price tomorrow.

Topglove start re enter to lucrative US market still will report reducing profit, how about suoermax profit after kick out for US, UK, Canada lucrative market?

Supermax ambition capacity expansion will hit snag, estimation to based on future capacity expansion to cover shortfall in ASP is not workable at all as expansion will slow down or terminate in view of declining ASP

The major purpose for virus mutation is for its own long term survival, Omicron mutation allow virus to cause less severe to its host illness, so to allow virus to spread faster and become dominant variant suppressing more deadly delta variant.

Harta OEM business model is more stable as its secure long term contract order from long term customer.

Supermax OBM business model is more risky as it need to market its own brands, to sell direct to end buyer such as oversea gov/ hospital is extreme difficult now due to banning on labour issue

Supermax in actual outperform double if compared to harta price which alrdy back to prepandemuc price level.

Although supermax OBM business model allow it to fetch higher profit margin if compared to harta, but its 2 key OBM center in North American and UK alrdy ban, many new glove maker also follow OBM model, harta too adpot OBM model in New Zealand and Australia.

Many may emphases on its cash, but it committed allocate these cash to US and UK, unable to share buyback and after share dividend, more free share in market and dilute EPS forward.

Supermax may need to paid high price tag to US to fast track set up it plan big capacity glove manufacture plant in US, in exchange to lift ban order.

Big cash hoard in supermax force to relocate to US, hire American to produce glove

Supermax profit margin will fall cliffs next Q due to diminishing earlier prepayment contract order which fetch USD 70/1000pc, such lucrative order now is at tail end, next Q result will based on prevail current market ASP at USD 35/1000pc. Be caution

Don fall trap to catch falling knife or chase high on news on virus variant, Don repeat mistake again.

Don repeat same mistake, avoid get entrap back againn.

Omicron symptoms is milder tha Delta

The main purpose for Virus to keep on mutate is for its own long term surival, to betteer itself adapt to host human body without casuing too severe illness, its ultimate goals.

The catayst to push up share in fact is no due to mutate virus, but rely soley on anticipation that it will puch up higher ASP.

If production volume can meet supply or overflow global supply due to aggressive expansion, ASP will still on track back to normalization

Today, supermax again entrap another round of fresh retail chaser.....

Glove stock repeatly entrap more and more retail investor. Caution, Don chase and fall to these entrapment.

The best and faster way to recoup confident is director now buy share from open market.

Dyson is good enough to give 6 month notice before terminate. Ataims must use these 6 month grace period to fill up dyson 80%, hard time though as ataims reputation already spoil

Hi pjseow, are you intend to entitle supermax share dividend and cash dividend, continue hold for long term?

Ays is steel trader, its business model is buy low sell high, buy high sell higher. As long as global steel demand increase, AYS will make money.

Revenue increase, profit increase, profit margin depend on spread gap between buy price vs sell price to end customer

US need a lot of steel from oversea to buid its infrastruture and aluminum to buid its solar energy. It have to abolish import tax from oversea steel and aluminum now, to increase import volume to meet high local demand

Hilmi22

Please go back to search news on earlier Trump impose traffic on EU steel and aluminum 2 year ago, all steel stock tumble on trump impose tax on import steel/alumiumm to protect US own steel manufacture.

Now, if US ablish tax on steel and aluminum, what will happen? it will encourage steel export to lucrative US steel market which command higher premium price.

Supermax OBM business model is bad model now due to bad publicity, US ban order will smear supermax branding badly. It adversely impacted OBM integrately from production, dealership, markerting altigerher

Beware of risk cancellations on supermax exiting prepayment lucrative contractual contract worth billion ( based on prepayment 30-40% deposit RM 660m). If contractual deal is terminated, dealer may get back their deposit instead of forfeited by using US customs order as excuse.

Dealer keen to terminate contract as they paid very high ASP to supermax prepayment deposit for contractual order, suffering loss as market price is much lower than their contractual ASP.

Nevertheless, short term small catayst may prevail if supermax able to repeat last year one off share dividend to distrbute all its balance treasury share these month.

Pjseow, its best to await for next few Q ahead, after all supermax one off high ASP pre-prepayment contractual order book fulfill, earning to start reflect real spot market ASP, then to decide on re- enter level next year for its sustainanable ASP forward.

Global re-open economy, hike crude oil, Inflation, higher interest rate, China nitrile capacity expansion will cause raw material, expecially butadine, a petrochemical product from crude oil will remain elevated. Input cost increase + ASP on downtrend = lower net profit margin

Pjseow

In your analysis, net profit margin need to adjust near to pre pandemic margin which is more important than adpot prepandemuc ASP. In time of inflation, many raw material have hike, rubber, electricity, gas, butadiene, packaging, transportation cargo charge etc. Bear in mind, pre pandemic net profit margin only range 4% to 6%, even with cost pass through clause, if compared to your assumption of 20%. For more optimistic, 10% net profit is more likely in view of higher capacity volume for larger economy of scale, modern automation for cost saving.

Dear pjseow

Despite of your insistence on supermax, beware of current opportunities cost loss. Supermax current earning is mask by its earlier book prepayment contrctyal order price us is much higher than current downtrend spot price.

These earlier booked high ASP prepayment contractual orderbook will diminish in next 1 or 2 quarter. Then after, the profit will cliff down significantly to reflect actual ASP price.

Supermax real profit impact will likely stabilise only after 3 or 4 quarter next, which i think will be better time to re enter for bottom fishing and value buy for its net cash position and high dividend yield.

BURSA MALAYSIA GRANTS AUTOMATIC 1-MONTH EXTENSION FOR ISSUANCE OF FINANCIAL STATEMENTS AND ANNUAL REPORTS DUE ON 31 MAY 2021 AND 30 JUNE 2021

BURSA MALAYSIA GRANTS AUTOMATIC 1-MONTH EXTENSION FOR ISSUANCE OF FINANCIAL STATEMENTS AND ANNUAL REPORTS DUE ON 31 MAY 2021 AND 30 JUNE 2021

BURSA MALAYSIA GRANTS AUTOMATIC 1-MONTH EXTENSION FOR ISSUANCE OF FINANCIAL STATEMENTS AND ANNUAL REPORTS DUE ON 31 MAY 2021 AND 30 JUNE 2021

Maybulk with net cash position after disposed old small vessel, it can in future order new larger capsize vessel to improved profitability in future. No of vessel is not important, just like Armanda have huge no of small loss making vessel, force to dispose to trim debt, offset profit generating larger vessel.

In future, maybulk should move to larger vessel, capsize and panamax size, get rid of small vessel, handy size and supramax size.

Maybulk needless to rush to buy new vessel at current high cost level. It can opt to lease third party new vessel to temporary increase vessel in operation to size short term high rate opportunity. For long term, maybulk should order new larger capsize vessel which is now new trend, fetch higher charter rate and have high economic of scale in operating efficiency.

Maybulk adpot different strategy if compared to glove maker which in time of ASP hike, rush to expand capacity by double, which will end up with flush of supply if glove, leading to ASP tumbling and oversupply in near future. Maybulk, capitalise on current hike in charter rate to dispose 2 old vessel at attractive price, monetize asset, turning into net cash position while retain newer vessel to continue enjoy higher profit margin.

Maybulk marked up selling price of its handy size vessel in May to gain additional RM 6.6m. Maybulk may marked up further its selling price supramax in Sept further from gain 75% over book value to 90% or even 100% over book value based on current bullish trend in charter rate

Charter rate leap up significantly and steady only after June. Therefore, upcoming Q result Q3 which cover July to Sept will record average 30k/ day.

Maybulk in Q2 only record charter rate 17k/day increase 34% from 12k/ day in Q1. These increase 34% in charter rate enable maybulk to increase net profit 24%. Current charter rate is 30k/day, a massive 150% increase in charter rate, will only reflect in next Q result.

Maybulk opt to sell old supramax fleet for net proceed RM 208m is gain of 75% on book value. These gain will reflect in next Q result.

The higher charter rate of 30k/day is more than to cover disposal of 2 old small supramax vessel build in 2014l. The proceed of RM 208m will essentially turn maybulk into Net cash position, about 12sen/share.

Maybulk will opt to retain bigger vessel size panamax which is newer and fetch higher charter rate 33k/day if compare to smaller, older vessel supramax 29k/day.

Maybulk current total borrowing RM 180m
Maybulk current total cash RM 90m
Maybulk net proceed from disposal 2 old fleet build in 2014, RM 208m

Total net cash RM 118m, net cash per share 12sen/ share

IPP is build and manage by China partner, jaks derive construction profit by subcin to its China partner.

Jaks have bad record in Msia business, all incur loss making construction orderbook all incur loss, property mall all incur loss, property development all incur loss. Currently, jaks only exit in property development, but still retain loss making construction due to lack labour to execute project and loss making shopping mall.

Only IPP from Vietnam is profitable, but offset partially by these culprit business in Msia.

Agreed, jaks next major laggard is its 2 big investment in shopping mall, Pacific mall and evolve mall. Both mall current suffering low occupancy rate, loss making eroded jaks power prfot from Vietnam.

Price now is at very attractive re entry level.

In time of market turbulence, it is best to have business model that is concession for 25year, steady profit income in USD, tax exampted

Boustead is in urgent need to unlock embedded value on its listing subsidiary in order to raise cash pare down debt and resume dividend payout to LTAT.

It is best time to monetize palm assets in view of multi year high CPO price. Among the cash rich big cap palm stock, wilmar, klk, IOI have such financial strength to take over at attractive offer price.

Outbreak in china case have prompt lockdown in City, testing is carry out for entire city population. Therefore, the testing glove and absorb production volume from China manufacture

Pjseow

Supermax management Pro. Use to distribute all treasury share, 1 for 27 = 3.78% treasury share..

The final cash dividend is based on 20% dividend policy

Q4 profit RM 1 billion is based on unchanged ASP contractual orderbook + absence of 75n one off donation + absence on closing down 1 month in meru plant, - offset partially by 1 month june 60% workforce and higher feed cost like gas traffic, butadiene, rubber latex etc

Harta should record profit RM 1.3 billion or EPS 37sen

Harta should also declare dividend 22sen

What to expect from supermax upcoming result are

1. Profit RM 1 billion or EPS 40sen
2. Special share dividend 1 for 27 or about 13sen
3. Final cash dividend 13sen

Ioi Corp get ready cash worth USD 600m, ready for Merger and acquisition for growth. Bstead may divest BPlant to Ioi corp

Sizeable plantation Estate is hard to find now for ioi Corp to growth. Furthermore, no many wiling to sell their prime estate at current windfall CPO price, but, bstead holding force to do that in order to pare down debt through unlock deep value in bstead plantation. B