actually should forward Andy Hall list of MNC abusing local worker human right as well. Some ang mo kao or MNC indian dog management does not treat local worker like human. They will shit and pee in their pant when Andy Hall target these MNC, it is very sensitive topic in their home country.
Soon all companies employing foreigners esp. bangla will be facing this labour abuse issue and get banned from exporting to Western countries. Please beware of Malaysian stocks.
Bangla people have a choice of not working in Malaysia. They don't have to work in Malaysia. They were willing to come to Malaysia to look for a better salary. It is not like forced labour.
The Gov shld protect local company.. it is the local companies that pay tax for their revenue collections, and hence their salary. Not andy hall .. The working and living conditions in bangla shld be much worse or no jobs at all , that is why they come to msia to find income for their family at home. USA now finding ways to fault the importers to protect their local.companies.Their motif is to demonised these more efficient companies and bring the jobs back to US, so if they see any dominant supplier they may try to find fault..
Andy Hall, ILO charged forced labour allegations on EMS industries, first victim Ataims, then now VS, next shouks be SKP... trade cautiously on Monday morning..
Funds managers are suddenly waking up from the limbo. They did not expect the forced labour issue started spreading from Ataims. They have pumped so much money into the Technology sector. Now, they found Bursa Technology sector is stucked in ESG swamp...you know what they are going to do la.
Some one suggested the only way to make those poor but ungrateful migrant workers happy is to grant them all the citizenship of Malaysia and to treat them with Bumiputra status, so no more worries from migrant workers to complain about forced labour allegations issues to Andy Hall and ILO forever, at the same time no more shortage of people working in Plantation, Glove, EMS, Construction sectors, isn't it perfect solution..
Wont suddenly pull out and cancel all orders one la, now only wanting to investigate, even if there're findgings later, VS will be given time to mitigate and resolve. Imagine if all rumours are cleared and clarified without major issue, VS ESG grade will be upgraded and stand to win even more contracts, just need to be patient.
If our Malaysian government thinking that migrant workers complaining abuse and forced labour allegations are true, then we Malaysians are cruel and heartless people who likes to abuse migrant workers now and then..
Beh Kim Leng sold a lots of shares when it was 1.6x and caused the price to plummet to 1.4x. Now he is buying back but nobody blamed him for causing the price to plummet earlier.
Company's big boys are busy monitoring share price everyday. Ignoring the business?
Confirmed ataims 2.0 , news spread to whole world already , dont touch ems stocks , u will bankrupt immediately , after glove stocks killed many bilis now is the turn for ems to double kill bilis !
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....
Bullbursa
453 posts
Posted by Bullbursa > 2021-12-02 20:46 | Report Abuse
First glove, then plantation and now EMS, this will cause spiral effect to our country’s economy