For first time, world records 1 million coronavirus cases in 100 hours - Reuters tally https://www.thestar.com.my/news/world/2020/07/18/for-first-time-world-records-1-million-coronavirus-cases-in-100-hours---reuters-tally#.XxJfMruHgew.whatsapp

For first time, world records 1 million coronavirus cases in 100 hours - Reuters tally https://www.thestar.com.my/news/world/2020/07/18/for-first-time-world-records-1-million-coronavirus-cases-in-100-hours---reuters-tally#.XxJfMruHgew.whatsapp

(Reuters) - Global coronavirus infections passed 14 million on Friday, according to a Reuters tally, marking the first time there has been a surge of 1 million cases in under 100 hours

(Reuters) - Global coronavirus infections passed 14 million on Friday, according to a Reuters tally, marking the first time there has been a surge of 1 million cases in under 100 hours

(Reuters) - Global coronavirus infections passed 14 million on Friday, according to a Reuters tally, marking the first time there has been a surge of 1 million cases in under 100 hours

https://www.thestar.com.my/news/world/2020/07/18/for-first-time-world-records-1-million-coronavirus-cases-in-100-hours---reuters-tally#.XxJfMruHgew.whatsapp

Now Kossan price look so low among Top 4 good buyinh time perhaps?

almost rm18....Bonus issue come to mind ...perhaps?

up 13.5 cts

ya switch Ancom.logistic shot up to 44cts awhile ago

Outcast chikd Nylex so quiet

High5 to All

Not even back door listing done alrdy fly so just imagine the potential of this counter

limit up 59cts

Tp b4 niis rm1

Ytdqy was super scary to super bullish today

41 done

This counter consider stil vr cheap...wil quick gap up to rm1

Looking forward to abv 40cts closing

Here we go again

Push n close abv rm17

Cingrats No 1 Top Glove No 2. Supermaxx

https://www.malaymail.com/news/malaysia/2020/07/16/top-glove-says-can-continue-to-ship-to-the-us-despite-detention-order-issue/1885232

Top Glove says can continue to ship to the US despite detention order issues

Thursday, 16 Jul 2020 08:21 PM MYT

BY SOO WERN JUN

THE pool of local workers is insufficient for Top Glove Corp Bhd’s manpower requirements, which would in turn worsen the global glove shortage, according to company CEO Lim Wee Chai.

This follows his call for the lift of the freeze on foreign worker intakes until December to give priority to locals to fill up job vacancies. The freeze was announced by Human Resources Minister M Saravanan on June 22.

“There is an insufficient pool of local workers to fulfil the extent of our factory manpower requirements, which continues to increase in line with our aggressive expansion,” said Lim to FocusM.

He also added that the hiring of local workers instead of foreign workers is also challenging as locals are generally not keen on certain jobs.

However, Lim noted that the long-term plan for the company is to increase automation and digitalisation, which would enable Top Glove to reduce its dependency on manual labour and general workers.

“With automation, the number of workers required will be reduced and we will recruit more skilled local workers as well as more engineers, who are able to perform higher value tasks and enable us to level up our productivity and efficiency,” said Lim.

On July 15, Top Glove saw two of its subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd, slapped with a detention order by the US Customs and Border Protection (CBP). This was allegedly due to foreign labour issues, which the company claimed it has already resolved.

At the market’s noon close, Top Glove’s shares were last done at RM22.76, rallying 15.53% by RM3.06, with 39.7 million shares traded. – July 17, 2020

OTHERS Anzo Holdings Berhad ("Anzo" or "Company") Clarification on the Supply Agreement entered by Anzo Group with CSTME Resources Sdn Bhd ("CSTME") ("Supply Agreement")
ANZO HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description Anzo Holdings Berhad ("Anzo" or "Company")
Clarification on the Supply Agreement entered by Anzo Group with CSTME Resources Sdn Bhd ("CSTME") ("Supply Agreement")
We refer to the Company’s announcements dated 25 June 2020, 29 June 2020 and 1 July 2020, in respect of the aforesaid matter. The Board of Directors of Anzo wishes to further inform that although the persons connected with CSTME, Mr Albert Tan Yean Heong, Mr Kevin Tan Yean Khim and Ms Chu Boon Lin have on 8 July 2020 disposed their shareholdings in Anzo, the Supply Agreement entered on 25 June 2020 remained valid and on going.



This announcement is dated 15 July 2020.

CSTME disposed shares overnight news

so today the price has gone up 9cts not 25cts fr 13cts as shown on our trading platform

All must know...closing price on yr trading screen is Wed closing price...19cts ...for this counter b4 trading halted the price is 29cts

Why suspended 3 counters fr tradiing the other day? why re structure the whole ancom group? why s5 back door listing...Just for play2 purposes ka? If not secured part or full of the NiiS contract why need to go thru all this process? Then let the price stay as at now if potential upside is there?

Flying high close to limit up

Totally agreed wt u Pershing...stay collecting since ytday..
hold til year end ...along the way price wil spiked up...eps as we count down to rm1.5b NIIS announcement date

The party lasted for 10mins..Lol

1 more round

Today can see change of trend...sellers price bn taken instead of bn thrown to buyers prrce

Fasten seat belts

https://klse.i3investor.com/m/blog/koonyewyinblog/2020-07-16-story-h1510577388-US_Custom_Border_Protection_CBP_banned_import_of_gloves_from_Top_Glove_.jsp
KYY HAS SPOKEN

Rowie ...stay strong

Sad...A lot of good ppl here in this counter forum...sincere n honest folks ...except THAT FELLOW....

Joycelee
Stay tough...may u make more profit in other counters...

Hard to swallow ..
days of waiting all the hope dashed....Pain...

Bursa suspends direct business transactions for Top Glove
By FocusM | 43 minutes ago | Mainstream

BURSA Malaysia has forbidden any direct business transactions (DBT) involving Top Glove Corp Bhd until 4.30pm.

Citing the Bursa Trading Rule 10.10 (1), the regulator said Top Glove stocks would only be authorised for DBT at 4.30pm.

Dealers and remisiers had been reminded that the reference price for DBT upon authorisation would be the volume weighted average price from 3.30pm to 4.30pm for trade stocks and reference price for untraded stocks.

Aside from that, normal market trading has not been affected, Bursa Malaysia said.

Top Glove earlier confirmed that its wholly owned subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd, had been served detention orders by the US Customs and Border Protection (CBP).

The group’s shares were suspended earlier but resumed trading at 3.30pm with its last done price at the time of writing being RM19.70.

Issued on July 15, the order is on disposable gloves manufactured by Top Glove and TG Medical.

“We are reaching out to the CBP through our office in the US to understand the issue better and work towards a speedy resolution of the matter, within an estimated two weeks,” said Top Glove, the world’s largest glove maker.

The group noted that there was a possibility the order may be related to foreign labour issues, which the company had already resolved, except for one more issue regarding retrospective payment of recruitment fees by staff to agents prior to 2019 without the company’s knowledge.

“However, Top Glove has already been bearing all recruitment fees since January 2019 when our Zero Recruitment Fee Policy was implemented,” clarified the company.

Top Glove said it has been working over the past few months on this issue, which involves extensive tracing, to establish the correct amount to be paid back to its workers on behalf of the previous agents.

“We estimate the total amount to be about RM20 mil to RM50 mil. We believe it is in the best interests of all parties to come to a solution expeditiously so that our disposable gloves can reach the parties that need it the most during this time of Covid-19,” the company said, promising updates as the situation develops. – July 16, 2020

Hold tight

Bursa suspends direct business transactions for Top Glove
By FocusM | 43 minutes ago | Mainstream

BURSA Malaysia has forbidden any direct business transactions (DBT) involving Top Glove Corp Bhd until 4.30pm.

Citing the Bursa Trading Rule 10.10 (1), the regulator said Top Glove stocks would only be authorised for DBT at 4.30pm.

Dealers and remisiers had been reminded that the reference price for DBT upon authorisation would be the volume weighted average price from 3.30pm to 4.30pm for trade stocks and reference price for untraded stocks.

Aside from that, normal market trading has not been affected, Bursa Malaysia said.

Top Glove earlier confirmed that its wholly owned subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd, had been served detention orders by the US Customs and Border Protection (CBP).

The group’s shares were suspended earlier but resumed trading at 3.30pm with its last done price at the time of writing being RM19.70.

Issued on July 15, the order is on disposable gloves manufactured by Top Glove and TG Medical.

“We are reaching out to the CBP through our office in the US to understand the issue better and work towards a speedy resolution of the matter, within an estimated two weeks,” said Top Glove, the world’s largest glove maker.

The group noted that there was a possibility the order may be related to foreign labour issues, which the company had already resolved, except for one more issue regarding retrospective payment of recruitment fees by staff to agents prior to 2019 without the company’s knowledge.

“However, Top Glove has already been bearing all recruitment fees since January 2019 when our Zero Recruitment Fee Policy was implemented,” clarified the company.

Top Glove said it has been working over the past few months on this issue, which involves extensive tracing, to establish the correct amount to be paid back to its workers on behalf of the previous agents.

“We estimate the total amount to be about RM20 mil to RM50 mil. We believe it is in the best interests of all parties to come to a solution expeditiously so that our disposable gloves can reach the parties that need it the most during this time of Covid-19,” the company said, promising updates as the situation develops. – July 16, 2020

Hold tight good for kossan

Bursa suspends direct business transactions for Top Glove
By FocusM | 43 minutes ago | Mainstream

BURSA Malaysia has forbidden any direct business transactions (DBT) involving Top Glove Corp Bhd until 4.30pm.

Citing the Bursa Trading Rule 10.10 (1), the regulator said Top Glove stocks would only be authorised for DBT at 4.30pm.

Dealers and remisiers had been reminded that the reference price for DBT upon authorisation would be the volume weighted average price from 3.30pm to 4.30pm for trade stocks and reference price for untraded stocks.

Aside from that, normal market trading has not been affected, Bursa Malaysia said.

Top Glove earlier confirmed that its wholly owned subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd, had been served detention orders by the US Customs and Border Protection (CBP).

The group’s shares were suspended earlier but resumed trading at 3.30pm with its last done price at the time of writing being RM19.70.

Issued on July 15, the order is on disposable gloves manufactured by Top Glove and TG Medical.

“We are reaching out to the CBP through our office in the US to understand the issue better and work towards a speedy resolution of the matter, within an estimated two weeks,” said Top Glove, the world’s largest glove maker.

The group noted that there was a possibility the order may be related to foreign labour issues, which the company had already resolved, except for one more issue regarding retrospective payment of recruitment fees by staff to agents prior to 2019 without the company’s knowledge.

“However, Top Glove has already been bearing all recruitment fees since January 2019 when our Zero Recruitment Fee Policy was implemented,” clarified the company.

Top Glove said it has been working over the past few months on this issue, which involves extensive tracing, to establish the correct amount to be paid back to its workers on behalf of the previous agents.

“We estimate the total amount to be about RM20 mil to RM50 mil. We believe it is in the best interests of all parties to come to a solution expeditiously so that our disposable gloves can reach the parties that need it the most during this time of Covid-19,” the company said, promising updates as the situation develops. – July 16, 2020

Bursa suspends direct business transactions for Top Glove
By FocusM | 43 minutes ago | Mainstream

BURSA Malaysia has forbidden any direct business transactions (DBT) involving Top Glove Corp Bhd until 4.30pm.

Citing the Bursa Trading Rule 10.10 (1), the regulator said Top Glove stocks would only be authorised for DBT at 4.30pm.

Dealers and remisiers had been reminded that the reference price for DBT upon authorisation would be the volume weighted average price from 3.30pm to 4.30pm for trade stocks and reference price for untraded stocks.

Aside from that, normal market trading has not been affected, Bursa Malaysia said.

Top Glove earlier confirmed that its wholly owned subsidiaries, Top Glove Sdn Bhd and TG Medical Sdn Bhd, had been served detention orders by the US Customs and Border Protection (CBP).

The group’s shares were suspended earlier but resumed trading at 3.30pm with its last done price at the time of writing being RM19.70.

Issued on July 15, the order is on disposable gloves manufactured by Top Glove and TG Medical.

“We are reaching out to the CBP through our office in the US to understand the issue better and work towards a speedy resolution of the matter, within an estimated two weeks,” said Top Glove, the world’s largest glove maker.

The group noted that there was a possibility the order may be related to foreign labour issues, which the company had already resolved, except for one more issue regarding retrospective payment of recruitment fees by staff to agents prior to 2019 without the company’s knowledge.

“However, Top Glove has already been bearing all recruitment fees since January 2019 when our Zero Recruitment Fee Policy was implemented,” clarified the company.

Top Glove said it has been working over the past few months on this issue, which involves extensive tracing, to establish the correct amount to be paid back to its workers on behalf of the previous agents.

“We estimate the total amount to be about RM20 mil to RM50 mil. We believe it is in the best interests of all parties to come to a solution expeditiously so that our disposable gloves can reach the parties that need it the most during this time of Covid-19,” the company said, promising updates as the situation develops. – July 16, 2020

KUALA LUMPUR: The proposed regional e-commerce logistics hub in Kota Tinggi, Johor by PDZ Holdings Bhd and Sanichi Technology Bhd will generate over RM30 billion in gross development value (GDV).

The development will be similar to Alibaba Group's logistics centre in China with the initial investment expected to be more than RM1.5 billion.


Sanichi group managing director Datuk Sri Dr. Pang Chow Huat told the New Straits Times that the hub was to cater to higher logistics demand for the movement of medical supplies and devices.

The logistics hub - comprising an e-commerce centre, a distribution centre, warehouses and a transit centre - is designated to handle activities related to transportation, separation, coordination and distribution of products for local and international transit.

"There is strong demand for medical supplies and devices to diagnose, prevent and treat Covid-19, such as diagnostic tests, ventilators, and personal protective equipment (PPE), including surgical masks, face shields, respirators, and gloves," Pang said.

"Health care providers have timely access to high-quality diagnostic and therapeutic medical devices to respond effectively to the Covid-19 pandemic. We are building the hub in Johor in response to the urgency to move medical supplies and devices globally, and other goods required by households," he added.

Pang expects the local e-commerce business to expand this year as more people are shopping online to curb the spread of Covid-19.

Malaysia and Singapore represent the largest e-commerce markets in Southeast Asia.

An estimated 40 per cent of all e-commerce transactions in Malaysia are cross-border orders from American and Chinese webshops.

Malaysia's e-commerce market is worth US$4.3 billion, and prior to Covid-19, it was expected to double to US$8.1 billion by 2024 with a compounded annual growth rate of 14 per cent.

The logistics hub will be developed across 234 acres of land in Desaru, Kota Tinggi.

Pang confirmed that PDZ and Sanichi would jointly apply for approval from the relevant government agencies in Johor to start construction soon.

"Not many know that Sanichi is also a property developer. We are developing Marina Point in Melaka which is almost finishing. Our next development will be the logistics hub," he said.

The precision plastic injection moulding parts manufacturer ventured into the property sector in 2014.

The company's maiden development project is Marina Point in Klebang, Melaka.

KUALA LUMPUR (July 16): Trading platforms have encountered a technical glitch in the afternoon trading session today.

It was rumoured that Bursa trading system has hanged due to a massive turnover in trading orders.

At the time of writing, price quotes across online platforms have frozen.

As at 3.30pm, trading volume hits 9.28 billion, while turnover stood at RM4.14 billion.

KUALA LUMPUR (July 16): Trading platforms have encountered a technical glitch in the afternoon trading session today.

It was rumoured that Bursa trading system has hanged due to a massive turnover in trading orders.

At the time of writing, price quotes across online platforms have frozen.

As at 3.30pm, trading volume hits 9.28 billion, while turnover stood at RM4.14 billion.