The Board of Directors of YBS International Berhad (“Board”) wishes to announce the production facilities of the following subsidiaries of YBS have been operated in reduced production capacity due to Covid-19 Pandemic.
a) Production facilities in Vietnam
Oriental Fastech Manufacturing (Vietnam) Co. Ltd. (“OFMV”), a wholly-owned subsidiary of YBS in Vietnam, are partially suspending their operation from 19 July 2021 onward in compliance with the Directives No. 16 issued by the Vietnam Government on 16 July 2021.
Under Directive No. 16, only factories, businesses and service establishments producing and providing essential goods and services are allowed to open and asked to ensure workers follow strict health guidelines issued by Vietnam Health Authority. For businesses operating during the 14 days period, the businesses must implement "3 on the spot” (on-site production, on-site dining, on-site rest) approach to meet the safety requirements for workers inside the factory or company.
In view of the above, the operation of OFMV has been halt on 19 July 2021 and had on 20 July 2021, resumed its production activities with the reduced production capacity as allowed by the Vietnam Government from time to time.
b) Production facilities in Malaysia
Oriental Fastech Manufacturing Sdn. Bhd. (“OFMM”), Golden City Plastic Sdn. Bhd. (“GCPSB”) and Edaran Precision Industries Sdn. Bhd. (“EPISB”), all are wholly-owned subsidiaries of YBS, having their production facilities in Bukit Minyak, Penang and Muar, Johor respectively have been operated in reduced production capacity due to Standard Operating Procedures issued by National Securities Council (MKN) and Ministry of Health.
The Group is mitigating the impact of the production disruption by proactive and close engagement with the customer to manage the production capacity challenges and to have the delivery dates re-scheduled in order to meet the demand of customer. In the meantime, as the Group would also utilize outstanding stocks to fulfil sales orders. The disruption of production capacity in the abovementioned companies is expected to have impact to the financial performance of the Group which could not be quantified as this point in time.
The Group will continuously monitor the development of Covid-19 pandemic and the disruption to its business activities caused by the prolonged effect of such pandemic and evaluate their impact on the financial position, cash flows and operating results of the Group. The Group will make necessary announcement in the event of any material or adverse development relating to this matter.
Following the extension of a Full Movement Control Order imposed nationwide by the Government to curb the spread of the Covid-19 pandemic, Bursa Malaysia Securities Berhad had vide their letter dated 16 June 2021 granted an extension of time up to 31 August 2021 for listed issuers to issue their annual reports that include the annual audited financial statements and the auditors’ and directors’ reports which are due on 31 July 2021.
The Board of Directors of YBS International Berhad wishes to inform that the Company’s Annual Report for the financial year ended 31 March 2021 will be issued by 31 August 2021. The extension of time for issuance of Annual Report was due to disruption in operation of service provider (i.e. printer and mailer for distribution of Annual Report) and pending engagement of service provider for virtual Annual General Meeting of the Company.
The trend is still upwards despite the drop in price because the price is still above ema20, ema50 and ema200. A doji today will only strengthen its trajectory.
If fail touch 55cent within this week . It will downtrend . Becareful. So far the Bussines is not much and up because tech up. But not all tech companies is good fundamentals. Don’t get trap
Two red days in a row which looks quite likely to extend to three.
My cost has risen from 0.355 to 0.3756. I bought more shares at 0.48 yesterday.
All I can say is, you don't have to be a hero if the trend is going against you. If the price goes down to your CL point, just cut your position short and move on. There are hundreds of other counters in bursa.
As for me, I will continue to hold as long as it stays above 0.445.
Plan your trade and trade your plan. Cut your losses short and let your profits run long.
supafly83 they already delaying QR. So this is a sign. Aprreciate your hard work on the TA @bojed... however we will now be relying on fundamentals/sentiment. 27/07/2021 3:00 PM
I'll say it again, if it goes down to 0.445 tomorrow, I'll sell all of my shares, even if it LU after that.
This is one of those moments where I just have to accept what it is. Despite being an investor in BSKL since 2012, I still count myself as a newbie who still has a lot to learn.
@bojed The way I read it, the delay is only in the publishing of it's Annual Report (FYE 31/3/21). I believe the financial reporting for the quarter just ended (30/6/21) will still be as usual.
YBS International Bhd, which engages in precision engineering and precision injection moulding services, said its annual report for the financial year ended March 31, 2021 (FY21) will be issued one month later, that is by Aug 31. It said the extension of time for the issuance of its FY21 annual report is due to disruption in its service provider's printer and mailer operations for the distribution of its annual report, while also pending the service provider's engagement for its virtual annual general meeting.
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Posted by bojed > 2021-07-26 09:48 | Report Abuse
YBS has just tested ema50 support on the hourly chart. Looking decent so far.