correction: referring to the due diligence on PGSB, should be-> end of September 2020

It's the weekend! Do you know what Ripcol expertise is?

They DON'T make gloves!

Ripcol design, make and install the machineries needed to produce gloves!

Hence the letter from AT to Ripcol to install the first line which is expected to be operational in November 2020. Haiyaaa..as for Pearl Glove they have until end of this month for the due diligence but those who attend the EGM will surely know.

They mentioned in the circular already, the expertise from Pearl Glove will help them to enter the industry more smoothly.

Remember, AT needs the shareholders to approve the diversification ;)

The management also recommends the shareholders to vote in favor. Ok done, have a grat weekend!

Haha. Oh my. Do you guys have this in your portfolio or not? All I can say is, you can read the latest circular and then, wait and see.

In my view, the fear mongering is too obvious.

If you want us to trust you, then share your bio a bit menort. Are you KYY or someone?

@helterskelter what ERIC said. Fund from PP will be more for expansion etc.

PP will take about year+ give or take to complete

Can voice out during EGM :)

CalebJb81, personally I don't think those are retailers. Most likely bankers and sharks trying to use the movement to get money from small time traders who are not confident. Half a cent profit selling 10 mill shares is still 50k in a day. (corrected)

Latest one just now: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3082964

"The Board, having considered the current and prospective financial position, needs and capacity
of the Group, and after careful deliberation as well as taking into consideration the rationale,
utilisation of proceeds, risk factors and all other aspects of the Proposals, is of the opinion that
the Proposals are in the best interests of the Company.
Accordingly, the Board recommends that you vote in favour of the resolutions pertaining to the
Proposals to be tabled at the forthcoming EGM."

the details are in the attached pdf files in the given link

feasibility*

I don't understand why menort keep bringing up cancellation of Pearl Glove SSA,

This is an excerpt of the bursa announcement

"On 26 June 2020, the Board of Directors of ATS (“Board”) wishes to announce that AT Glove
Engineering Sdn Bhd (“AGESB”), a wholly-owned subsidiary of the Company, had on even
date entered into a share sale agreement with the vendors, namely Hai Hong Capital Sdn Bhd
(“HHCSB”), P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd (“HHHSB”) and Aaron
Khoo Teng Soon (“Aaron Khoo”) (collectively referred to as the “Vendors”) for the proposed
acquisition by AGESB of the entire equity interest in PGSB, for a total purchase consideration
of RM22.0 million to be satisfied entirely by cash (“SSA”)"

Link to full announcement:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3062911


Almost all initial information is in here including risk of non completion.

If they did an economic feasible studies and found that the acquisition is not commercially viable, then cancel also ok.

If you are holding the shares for this company, go and attend and listen from the top management themselves and ask all the questions until satisfied .
Can't do much cursing, speculating here ma. All the best!

not pn17 la.

This company is debt free and got a little cash plus some assets BUT still, don't touch until positive updates regarding Desaru is announced.

Jovan is right..but the revenue is not that good too due to the pandemic.

If you haven't bought, wait until dusts have settled, blood have dried and until PDZ have issued positive updates regarding the Desaru project.

They should be releasing their QR this week. Based on the last one, they recorded better revenue QoQ and were profitable too due to lower administration cost.

Ohh that's a very good sign indeed.

CalebJ81, if retailers sell, can be because of a lot of things. They are not confident, they want to buy other stocks, contra players, they are not aware of any development, they are spooked by all the naysayers and so many more reasons.

Yes, I agree with the query. Good for investors. Good for the whole bursa in fact.

I just browsed their website https://www.atsys.com.my/investor-relations/#bursa , can contact their managing director, Choong Lee Aun via email

ir@atsys.com.my

menort, it should be a known fact this company has no money. The FA also koyak. And that's why it is at this price.

If they got money, acquisition would've been done much earlier.

Since this pandemic is a good chance for them to turn a new leaf that's why I looked at their attempt at this glove project a bit seriously. Especially ESOS after ESOS and all the warrant conversions.. But I don't discount the fact they might cancel.

If you're not confident, buy after everything is in place.

bux0880, depends on if they carried out their plans. If it happens, it should be good. Even at 10 cent profit per pair of gloves, we should be seeing positive QR in the coming years.

If you don't really need the money, then just stay. If you expect it to shoot up within these few weeks, I don't know.

That's a 2018 article. Also don't forget to quote this

"If worn, gloves should be changed between patients." . Maybe new SOP, use sanitizer, wear gloves everytime.

Regardless, if AT really carried out all mentioned plans, it will probably be a good source of income. Maybe, maybe not as good as during the height of Covid, but still, they'll be producing nearly 1 billion pair of gloves per year. Think about it.

Maybe, maybe, I don't have coconuts to tell the future. You got some?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3076171 afternoon read :)

And that's coming from one of the best doctors in the world at handling the pandemic.. All the best AT stockholders!

I don't know.

Normally, fund managers from big institutions can't simply invest.

They will need to see that the company is actually making money from this venture. I think in one of AT's announcement, they stated that the first line production might contribute positively to next year first QR.

They might use proxies, who knows.

PP will be 10% cheaper than 5 days average market price. PP buyers cannot straight away sell their stocks . Can't remember how long they have to hold.

If you want to hold, maybe I'll add this: What we are looking at is the stock market.

What's happening in the real world, only the manufacturers of these gloves know. Especially the top 4. Even Top glove cannot keep up with the demand based on the Sin Chew interview. Long story short, still got demand.

What most people think, once a safe, working vaccine is found, the general public, people will stop using gloves. Have you ever bought gloves in bulk for your household? I bought a few boxes but that's it since Covid started.

I bought a lot of masks though. LOL.

That's not a really accurate picture. After covid, industries will still order gloves especially science and medical industries. Maybe not as much as during covid. But if it's a good income source for AT, their QR will indicate such.

But that's my opinion lah. Cannot fight market perception.

If that news is true. It's good. Contra players will always overreact especially if they exhausted their trading limit and 'bear' suddenly appears. They cannot hold and risk losing all of their capitals. I know a few :P .

@stevenckheng we are not. UK's covid case is far worse than ours. Our respond to covid is better. And financially we are more prepared than during the 98 economic crisis.

The whole world's economy is disrupted badly by the pandemic. UK itself, has just entered recession...so this is expected.

https://www.sinchew.com.my/content/content_2324498.html let's go topglove :P

Agreed. Remember, AT is diversifying :) . If they go through with their plan, it will be another source of income.

https://www.fastcompany.com/90538837/4-reasons-not-to-get-excited-about-russias-covid-19-vaccine

yameyamo - I'm confused by your statement.

AT is not a strong company, hence its price now.

But it's not too bad. It's still listed on Bursa and not PN17. It can still work to diversify its plans and now you see it's trying its best.

I don't debate/discuss to win for the sake of winning, but if you're in the medical industry, then you should know the risk entails such rushed approach shown by Russia.

It's like putting the world as its test rats. But whatever happens, the new normal is here.

Gloves will be needed everywhere and in countries where the medical treatments are not subsidised by the government, it will take a while for the vaccine to be administered. No money, no vaccine.

yameyamo - meaning they are trying to raise more money by pitching their plans to potential investors. Who are the investors, only they know. They will offer up to 30% number of shares.

https://www.washingtonpost.com/world/russia-unveils-coronavirus-vaccine-claiming-victory-in-global-race-before-final-testing-is-complete/2020/08/11/792f8a54-d813-11ea-a788-2ce86ce81129_story.html

you really believe Russia? Their economy is under immense pressure. Their OnG is suffering.

Putin needs to show his strength. WHO still list Russia's vaccine at phase 1.

Suddenly one month only, it's safe for everybody to use? Other countries are carefully testing their vaccines. There are 100 vaccines being tested all over the world and Russia numba 1?

Don't contra this counter. Especially if you don't have holding power. The potential is huge. Since Supermax have shown us, how much profit they made in the 4th quarter 2020, everybody starts to see the bigger picture of the medical gloves industry.

But no one knows when it will rocket.

ESOS, simply put is an offer from the company to certain staffs to buy/subscribe the company's own stocks at certain price. Usually lower than market price lah.

The company gets money from the subscription, the staffs get to own shares at discounted price and if they want, they can sell that share on the market, if the market price is higher than subscription price, then they get profit. If they don't want to use their ESOS also can.

If you read all the previous announcements, ESOS is one of the ways for AT to raise money for their glove manufacturing plans. So this is not unexpected.

AT is accumulating capital through those 2 announcements.

How will it affect the price? Only if the owners sell those new shares on the market. If not, price will be as it is.

If the prospect is good, PP will be a boost. Read the details properly. Can even calculate how many shares will be needed, assuming this stock reach certain prices.

Who do you think will buy the PP? Most likely institutional investors. Which institution? Wait and see.

Think this is heavy? Then you need to check out the no of shares of all the 'senior' glove counters :).

Vaccine found? How fast can they test, be satisfied with no adverse side effects, how fast can produce, how many can they produce, which country got the money to buy?

No need to wear gloves when vaccine found? No need to wear medical rubber gloves when administering the vaccine? When treating patients?

But at the end of the day, I don't have a crystal ball to tell the future. I'm just sharing based on what I read. Your money, your call.

AT is serious about getting into this medical gloves business. Read the latest bursa announcement. First line this Nov 2020.

Just thought I'd share an opinion here. Take it as you want it.

If you are trapped, refused to cut loss, or loss is too big, then just hold and don’t let it get to your mind. Assuming you use funds that are not meant for your livelihood (children’s milk, fees etc), you should just accept the situation as it is. Not much can we do. Getting angry, cursing left and right will not help the situation.

One thing for certain, most of us here don’t have the funds to move the market. Talking millions and millions and millions, not just hundred thousands to swallow or even cause a ripple.

Why else shouldn’t you let it get to your mind? Because as per previous announcements, we know that PDZ is discussing with out of Malaysia e-commerce operators and also the JV signed with Sanichi to form the SPV for the ecommerce hub project.

So 2 possible positive developments being worked on.

1. We wait for further updates regarding the out of Malaysia ecommerce operators – not sure when is the next update. More than one operator, that’s for sure. Refer to the Bursa announcement – latest reply to the UMA query.

2. We wait for the finalized stakeholders for the SPV for e-commerce hub project in Desaru, Johor.

The second one have a 90 day time frame. If it materializes, it’s gonna be one heck of a Mega project and Johor really needs this kind of projects to ignite their economy also. Singapore is under Covid pressure, and this affected Johor too. So yeah, Johor needs projects.

The possibilities of the names filling the stakeholders list are also very very interesting. So there’s that.

Let the waiting game begins.

If you use margin or contra, and don’t have holding power, then enter low, and don’t be greedy.

Don’t chase the price unless there’s a solid announcement.

Otherwise, the risk is too big.

Always have a trading plan and follow your trading plan. Hopefully this helps.

Sharks will always be here, free market and all. Oh yeah, I'm talking about the positive possibilities only.

Negative ones are also here, so pandai-pandailah.

Meteor falls on earth also possible if we wanna talk negatively :P .