Pelajar perempuan berumur 19 tahun itu tiba dari Afrika Selatan melalui Singapura pada 19 Nov dan telah menjalani ujian RT-PCR COVID-19 setibanya di pintu masuk Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA).
VS's current three key customers are all from Europe and the United States, namely British company Dyson, Keurig Green Mountain (Keurig) and American company Zodiac Pool Systems (Zodiac). These three major customers contributed 47% and 58% of turnover in FY2017 and FY2018, respectively, so their order volume is very important to VS's profit growth.
VS expects that the new customer Bissell will become the company's second largest customer, providing an additional 15% to 20% of the company's turnover, equivalent to 600 million to 800 million ringgits. Bissell's first mass production line of carpet vacuum cleaners will be launched in September this year, and tools and models are currently being assembled. As the new factory with an area of 180,000 square feet already has relevant equipment, there is no need to invest a lot of capital expenditure.
Might as well stay put & do the full manufacturing at high cost countries like Germany, switzerland, Usa, Japan and Australia mah! Since little labor is use mah!
They chose msia bcos cannot fully automate & cost of labor cheaper and have access to foreign labor mah!
at the end no factory wan take nepal workers again.....so Andy hall responsible to find jobs for them....the job mst including Condo facilities,working hours maximum 5 per days ,high salary and mayb offer sum wife for them
Malaysia should use its competitive advantage now while still can mah!
Msia must use its competitive advantage like cheap labors, good infra, easy going, cheap cost of living mah!
To attract more investment loh!
With cheap cost living local can enjoy greater buying power & this is help & achieve by the very good productivity of foreign labors
Btw...in 20 yrs time msia no longer...cheap, rich & competitive bcos of corruption & wastages mah!
Then no labor problem mah....msia will be exporting msia labor & will be competing with bangla, combodia, nepal, phillipines and indonesia in the international market mah!
Think lah!
Rubbish lah!
Currently Cheap uneducated foreign workers are all we wanted mah!
This uneducated productive foreign workers will be most productive & they will create opportunity for better economic growth and greater quality employment opportunity for the local more loh!
Do not be BOLOH!
What turning point...if the policy are silly leh ??
We need foreign workers to keep the economics wheel moving mah!
If can fully automate why chose msia leh ??
Might as well stay put & do the full manufacturing at high cost countries like Germany, switzerland, Usa, Japan and Australia mah! Since little labor is use mah!
They chose msia bcos cannot fully automate & cost of labor cheaper and have access to foreign labor mah!
Andy Hall may contribute to improving some foreign workers labour conditions, but he also contribute to many foreign workers going back to their home countries with a huge amount of debt. I think they pay broker fees when they come to Malaysia.
Higher volume from second half 12/4 pushing the share price from RM1.08 to RM1.15, VS is a good stock to add for many years to come, news is circulating about more orders/expansion/low risk on labour issues. Nevertheless, if can reach below RM1, RM0.8, I am happy to buy even more.
The situation is different from ATA IMS. Dyson has cut ties with ATA IMS. But they have not cut ties with VS yet, so what is happening now is something like a rumor. The probability that Dyson cuts ties with VS will be an important factor.
If the business is too dependent and too concentrated on a few western buyers, the company will always subject to great threat under disguise of ESG. Foreign labor issue will persist and cost will go up considerably especially with covid lingering.
The single customer concentration risk is real. It is better to have diversified customer base. Look at what happened to ATA IMS and billions being wiped out in a manner of days. It is way too risky to pump additional investment to cater solely for Dyson. Dyson will also have its fair share of risk too in a highly competitive and lackluster global economic conditions amidst the protracted pandemic. In addition, we have the risks of continuous FWs shortage heading way into 2022, impact of ACT 446 on cost/margins, Omicron impact on manufacturing operations in due course etc. ESG risks way too high at present.
haha whizzkid.. yakaa..how if paktua invite you.. come in bangsar we dine in.. at pelita eat roti canai.. let we share each other trading record.. see who same like rr88 paktua make friend..lepak2 mamak one..
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....
bennyloke
99 posts
Posted by bennyloke > 2021-12-03 16:29 | Report Abuse
Time to accumulate, price should double in 1-2 years to come..