Posted by cpo_ > 2022-03-03 12:08 | Report Abuse

Rebound also dead cat? Better go for CPO and commodity related.

Posted by nicholas99 > 2022-03-03 12:13 | Report Abuse

run first. rebound also will short live. just like ataims.

Posted by nicholas99 > 2022-03-03 12:13 | Report Abuse

any rebound is a selling opportunity.

Posted by Hotstuff > 2022-03-03 12:21 | Report Abuse

bunch of so hai miss buying dip came out with thousand of excuses not to buy in. so hai tetap so hai.

Posted by imvu > 2022-03-03 12:24 | Report Abuse

yay rm1.000 , kena berani

Posted by nicholas99 > 2022-03-03 12:44 | Report Abuse

Andy hall should go Ukraine help.

Posted by nicholas99 > 2022-03-03 12:45 | Report Abuse

see Ataims.. dude.. once locked by andy hall. he will keeps post about VS for whole month. Then VS have to waste money to do what Topglove do, what supermx do, what ataims do.. end up eat up all margin.. sure share price go down what.. you just makan to earn the extra money. ask people buy in so you can sell. i understand. but please don't make more victim.

Posted by Blackpepper2020 > 2022-03-03 12:56 | Report Abuse

Yeah, Andy Hall should go Ukraine to help

Posted by Hotstuff > 2022-03-03 13:02 | Report Abuse

another so hai comments. you think I buy 100m units? I need someone to buy so I can sell???

Posted by kktan63 > 2022-03-03 13:24 | Report Abuse

next, dyson cancel contract!

Posted by NatsukoMishima > 2022-03-03 13:35 | Report Abuse

@Posted by NatsukoMishima > 6 days ago | Report Abuse

Swicth to dnex with oil, wafer plant, IT,.. .better than this!
_________
Just adviced u all last 2 weeks switched to dnex safe haven , now believe already ??
Totally same pattern like ataims , dead cat bounce for trap more naive bilis , after big holders run then water falling to 30 sens eventually ! Pending for Dyson announcement is too late for u all to run !!

Posted by NatsukoMishima > 2022-03-03 13:41 | Report Abuse

Andy hall already gave vs chance but too bad there will be no 2nd chance !
Limit down tomorrow is 100% confirm during this tech down trend period !
Cut loss now move to dnex while dnex is still cheap , no point to hold this VS time bomb !

Posted by Yu_and_Mee > 2022-03-03 13:54 | Report Abuse

may be malaysia should learn from thailand what to do

Posted by investor223 > 2022-03-03 13:56 | Report Abuse

white devil with hidden agenda???

Posted by Yu_and_Mee > 2022-03-03 13:56 | Report Abuse

increase price with end customer and hire all local people. end in end the cost for a foreign labor is not cheap also.

Posted by Threewhite > 2022-03-03 14:25 | Report Abuse

They just dont learn.
Topgloves lost 3.6 billion due to ban.
They have to start hire local.

Posted by tts752 > 2022-03-03 14:46 | Report Abuse

why dint learn from Top Glove...GG

Posted by keuin > 2022-03-03 14:49 | Report Abuse

VS same ataims dyson terminate contract ?

Posted by tts752 > 2022-03-03 14:49 | Report Abuse

for sure Dyson will and need to terminate the contract...

Posted by nicholas99 > 2022-03-03 14:55 | Report Abuse

gg.. then drop macam ataims? and hotstuff still buy. i hope he hold. haha

Posted by nicholas99 > 2022-03-03 14:56 | Report Abuse

looks similar to ataims chart pattern. haha

Posted by Apple2353 > 2022-03-03 14:57 | Report Abuse

cut loss before LD like Ataims

Posted by speakup > 2022-03-03 15:23 | Report Abuse

why Andy picking on malaysia? why not pick on indonesia? why not vietnam? why not other country?

Posted by speakup > 2022-03-03 15:28 | Report Abuse

and why Andy only pick on Gloves & Tech? why not Plantations? why not Manufacturing? why not other sectors?

Posted by Sneakpeek > 2022-03-03 15:40 | Report Abuse

Why don't govt just ban andy hall from entry...how many losses contributed to him sence few years back

Posted by newbie2y > 2022-03-03 15:47 | Report Abuse

speakup, few yrs back he was involved various court cases in Thailand, due to similar actions he did to Thai companies...according to wiki here -
https://en.wikipedia.org/wiki/Andy_Hall_(activist)

Posted by icecool > 2022-03-03 16:09 | Report Abuse

dropping again

Posted by LogicTradingAnalysis > 2022-03-03 16:10 | Report Abuse

zoom meeting already say no issue, no worry, wont affect business and esg report will out soon, dont listen bullshit ~ vs is cheap expansion is doing well

Posted by WinWin995 > 2022-03-03 16:16 | Report Abuse

Yes, VS is good company.. i just top up warrant & mother share.

Posted by wan > 2022-03-03 16:21 | Report Abuse

Today market profit taking technology counter

Posted by nicholas99 > 2022-03-03 16:26 | Report Abuse

hotstuff missing already. haha. that scammer.

Posted by Alipapapa > 2022-03-03 16:28 | Report Abuse

Everyone is afraid Andy Hall even the fund house. They may sell first since learn from last time big losses in ATAIMS.

Posted by Newbie_123 > 2022-03-03 16:33 | Report Abuse

Sorry to hear this. Next counter he'll target CPO .... brace for impact

Posted by Hotstuff > 2022-03-03 16:34 | Report Abuse

if you argue with a fool you'll become a fool

Posted by TalkC > 2022-03-03 16:36 | Report Abuse

.....

Posted by Newbie_123 > 2022-03-03 16:41 | Report Abuse

NatsukoMishima

@Posted by NatsukoMishima > 6 days ago | Report Abuse

Swicth to dnex with oil, wafer plant, IT,.. .better than this!
_________
Just adviced u all last 2 weeks switched to dnex safe haven , now believe already ??
Totally same pattern like ataims , dead cat bounce for trap more naive bilis , after big holders run then water falling to 30 sens eventually ! Pending for Dyson announcement is too late for u all to run !!

--------------------------------------------------------------------------------

Didn"t u see the major dump @ DNEX today? Take care of you own home affair better :P

Posted by newbie2y > 2022-03-03 16:59 | Report Abuse

thanks for the updates kimpau!

Posted by kimpau > 2022-03-03 17:01 | Report Abuse

Greetings from RHB Research,

Key summary from VS Industry's (VSI MK , BUY, TP:MYR1.85) briefing following a media report on the termination of the company's engagement with a labour activist on labour related matters:

Essentially, management clarified that the termination was not an acrimonious one. It stemmed from disagreement or different opinions on various aspects of the social compliance audit VS is conducting including the choice of auditor and the scope.

The appointed independent auditor, PwC has started the auditing process in accordance to the 11 ILO indicators since the start of the month and it is expected to be completed in 3-4 months' time.

Management explained that PwC is chosen by VSI' Board of Director due to the strong reputation internationally and hence believe the findings by the audit firm will be widely recognized.

Management further clarified that the decision to widen the scope to cover all labour including local and foreign from the past and in the present is to ensure comprehensive and conclusive findings can be produced from the audit.

The company has been updating its major customers on the progress of the engagement and did not receive any objection on PwC as the independent auditor.

Management does not expect the termination of engagement to affect its business fundamentals and the chances to secure new contracts.

Posted by kimpau > 2022-03-03 17:16 | Report Abuse

https://www.facebook.com/237163483647983/posts/937538893610435/?sfnsn=mo

Posted by kimpau > 2022-03-03 17:18 | Report Abuse

Has Andy Hall anything to do with VS Industry?s share price tanking?
By Cheah Chor Sooi
2 hours ago
in Markets, Top

NOBODY knows for sure if the tanking of VS Industry Bhd?s share price this morning (March 3) has anything to do with migrant worker rights specialist Andy Hall withdrawing his voluntary engagement with Johor-based electronics manufacturing services (EMS) outfit after a fruitless thee-month collaboration.

The labour activist attributed his withdrawal to VS Industry?s failure to honour its previous commitments made publicly to Bursa Malaysia and ?particularly by having unilaterally selected an auditor to conduct an independent third-party social compliance audit (concerning its irregular workers situation) without consultation with me?.

Share price of the company started to nosedive from its yesterday?s (March 2) closing price of RM1.10 around 10.45am before hitting an intra-day low of 92.5 sen which was also its 52-week low over the next half an hour.

However, VS Industry was able to pare losses by climbing back to close down 10 sen or 9.09% at RM1 at the close of today?s mid-day trading by being the second most actively traded stock with 74.1 million shares traded, thus valuing the company at RM3.83 bil.

?Limited information on the audit methodology has been shared. VS has stated the full audit findings will not be shared with me,? Hall pointed out in a WhatsApp statement.

?In addition, VS stated that the audit will take three to four months and an unnamed independent labour rights expert and lawyer will supplement the audit methodology by PwC Consulting Associates (M) Sdn Bhd.?

Elsewhere, fellow EMS peer SKP Resources Bhd, too, was somehow rocked by the fate of VS Industry. SKP had in December last year joined VS Industry to engage Hall on ways to improve the welfare of their foreign workforce.

The counter shed 4 sen or 2.90% at the close of mid-day trading to RM1.34 (after touching an intra-day low of RM1.32) with 5.52 million shares traded which gave the company a market capitalisation of RM2.09 bil.

Meanwhile, ATA IMS Bhd closed the mid-day trading unchanged at 39 sen with 5.05 million shares traded, thus valuing the company at RM470 mil.

In its recent assessment of ATA IMS, CGS-CIMB Research has reiterated its ?reduce? stance with an unchanged target price of 29 sen ?as we continue to forecast losses for ATA going into FY3/2023-FY3/2024F.

?We will turn more bullish on earnings prospects once we see (i) the entry of new customer; and (ii) clearer signs of its cost-cutting measures bearing fruit going into FY3/2023F,? opined analyst Nagulan Ravi in a results review.

For its 9M FY3/2022 period, ATA IMS? net profit has shrunk almost 86% to RM17.74 mil (9M FY3/2021: RM123.36 mil) while its revenue has dwindled 33% t;o RM2.17 bil (9M FY3/2021: RM3.25 bil).

For the record, UK electrical appliance giant Dyson which currently contributes 80% of ATA IMS? revenue will cease to be the latter?s main customer on June 1 following a termination notice on Nov 24 last year. ? March 3, 2022

Posted by Calvin882 > 2022-03-03 17:24 | Report Abuse

Good lesson to VS. Never work with a wolf in sheep's clothing.

Posted by LuckyHuatHuat > 2022-03-03 17:24 | Report Abuse

The vacuum companies should go to US and build their production plants there. Human rights allow guns and that will mke everyone hapy.

Posted by gemfinder > 2022-03-03 18:27 |

Post removed.Why?

Posted by newbie2y > 2022-03-03 18:27 | Report Abuse

Calvin882, hehe, i like that! "Wolf in Sheep's Clothes'' !

Posted by blackchicken > 2022-03-03 18:48 | Report Abuse

https://m.malaysiastock.biz/Company-Announcement.aspx?id=1387667

Posted by blackchicken > 2022-03-03 20:40 | Report Abuse

https://www.nst.com.my/business/2022/03/776653/vs-industry-undertakes-review-migrant-worker-labour-practices

Posted by citadel888 > 2022-03-03 20:41 | Report Abuse

mana bottom??

Posted by Sneakpeek > 2022-03-03 20:49 | Report Abuse

Tomorrow expect another -15%

Posted by EatCoconutCanWin > 2022-03-03 20:58 | Report Abuse

Tomorrow stop trading, waiting for announcement. Possible limit down

Posted by DatoKyle > 2022-03-03 20:59 | Report Abuse

pn17 i heard, sure or not??? hence, VS tp revised to 50 cents ???