US & Malaysia has different mind set of forced labour interpretation, if based on US requirement, i believe many company will be considered force labour issue, but malaysia government did not clarify that, and want to sue company with forced labour based on US requirement.
December 02 - At the time of writing, stocks classified under the technology and EMS sector saw a sharp sell off.
VSI is down 10%, Inari is down 6%, Globetronics is down 4%, JCY is down 1.6%
This is after Andy Hall, the human rights activists and anti modern slavery advocate (who was the reason behind ATA's demise) had a talk organised by Credit Suisse with institutional investors at 11am earlier today
According to participants in the call, Andy Hall highlighted that VSI and JCY are next on the list. Tech in general for ICT those that does jobs for the likes of Apple is still ok, but automotive and medical device players standards are below par and he has set his sights on those sectors.
Risk off will be centered on companies focused on dependent on MNC orders and after experiencing ATA most investors will rather sell first and ask questions later and then get some sort of clarification later.
Then again ATA's severe price drop is down to its concentration risk where its dependent on one large customer, therefore its unlikely that any of the companies mention highlighted by him will drop of the same magnitude like ATA
- As noted, the group has already been complying with the RBA's guidelines and maintaining best practices in aligning to this world's largest industry coalition dedicated to corporate social responsibility in global supply chains.
- More importantly, management noted that they are open for discussion with any parties (that are truthful and sincere for ESG betterment) and will upheld best practices and improve for any vulnerabilities, after learning from the series of incidents happened in Malaysia.
paperplane ANDY HALL= BURSA MOST INFLUENCIAL PERSON FOR THE YEAR!! ALL LISTED COMPANIES BOSS step aside. The award goes to HIM alone! hehe 02/12/2021 2:12 PM
When Andy hall targeting better sell off all tickets can not wait even 1 minutes because 1 minutes = 20% loss ! Taikor topglove slso knee down like a dog infront Andy Hall ! Today no cut loss monday become ataims 2.0!
According to participants in the call, Andy Hall highlighted that VSI and JCY are next on the list. Tech in general for ICT those that does jobs for the likes of Apple is still ok, but automotive and medical device players standards are below par and he has set his sights on those sectors.
Risk off will be centered on companies focused and dependent on MNC orders and after experiencing ATA most investors will rather sell first and ask questions later and then get some sort of clarification later.
Then again ATA's severe price drop is down to its concentration risk where its dependent on one large customer, therefore its unlikely that any of the companies mention highlighted by him will drop of the same magnitude like ATA
Understand that Dyson contributes around 30-40% for VSI, although this can't be verified.
Assuming that is the range, the drop in VSI share price shouldn't be as severe and their hit to their business wont be as impactful as ATA's. Therefore if the correction to its share price is more than 40%, VSI may fall into an oversold territory as the potential loss of Dyson (even though its still too early to speculate now) will be already factored in by then
Please trade with caution, don't rush in where angels fear to tread.
the uob analyst is just ignorant. imagine a company being investigated for a potential violation and you ask the company for their views? which company will say "i may have violated"? ata also denied it at first and are actually still denying any violation until today. best part is he can even call it "dessert from the oven".
hengff, no. their other customers like bisell, keurig and zodiac are americans. a us cbp ban would kill off more than 80% of their customers, just like ata.
teringat dsonic masa market crash dulu . dalam seminggu banyak kali buat . harap minggu depan ada lagi kaunter yang buat terjunan macam ni . minggu ni mgrc , vs , skpres .
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Legend
4,119 posts
Posted by Legend > 2021-12-02 13:13 | Report Abuse
Sepatutnya KL cuti...tapi Bursa mesti buka. Nanti isnin trilion lagi loss pada market.