Mr Andy Hall said, “I am glad to acknowledge the positive momentum, transparency and openness shown by SKP’s leadership to engage me regarding my legitimate concerns raised and then to effectively put in place a clear timeline and action plan to immediately remediate remaining labour issues from the Company’s operations.”
Mr. Andy Hall added, "SKP has indeed shown urgency and demonstrated their ability to put in place a fast, well organised, professional and effective action plan in response to the concerns I have raised. I am confident this action plan when implemented can significantly benefit the migrant workers of the company. SKP’s response and commitment to this issue is commendable."
“I look forward to working together with SKP, based on the findings from the independent social compliance audit to be commissioned by the Company in April 2022, to ensure migrant worker’s rights and worker welfare are continually prioritised within the Company’s operations.” Mr. Andy Hall added.
In regards to your quote in an article by news portal www.freemalaysiatoday.com dated 19th December 2021 Stress on housing in new MoU over intake of Bangladeshi workers.
I’m with an NGO based in Malaysia where our main concern is the welfare of foreign workers here. I have been following your articles pertaining to the foreign workers here in Malaysia. I’m surprised you raised concerns as soon as Malaysian government singed the MoU with Bangladesh.
Malaysia has not received any workers yet from this MoU yet you started accusing the recruitment agents of possible mistreatment of workers.When both countries have detailed discussion done prior to signing the MOU for the well being and welfare for the migrant workers.
How could you as an activist for migrant workers quote this MoU will create ‘systematic debt bondage and forced labour of Bangladeshi workers’? Are you concerned just for the workers from Bangladesh or you are worried Nepal worker would no longer be part of Malaysian labor force at the moment for new recruitment? It seems you have foreseen the workers from Bangladesh will be mistreated, when a robust and comprehensive MoU have been signed where the main concern is the welfare of these migrant workers.
It no longer seems to me that you are concerned about these workers and all your articles to date have an hidden agenda which benefits you indirectly. Are you worried Malaysia no longer requires Nepal workers and your source of income from Nepal recruitment agents will dry up? I’m told by a reputable source from Nepal you have been working together with manpower agents to promote their workers where both you and the agents concerned gain financial benefits. And the workers are the victims at the end of the day.
You have been writing articles about how the workers has to pay bondage money to work abroad wherein the real culprits are the Nepali agents who charge high recruitment fees in Nepal and you who benefit from them. Foreign workers agents has been collecting the bondage fee in their own country and the employers in Malaysia do not benefit from the collected fee. Yet you have been tarnishing and victimizing the Malaysian employers who have been giving job security to these migrant workers to pay the bondage fee.
You have been promoting yourself as migrant workers activist but in truth you are just benefiting financially from the poor and desperate workers who just want to earn a living overseas to improve their living conditions back home. Your modus operandi is finally clear to us. You encourage the agents to earn money back home and give you a kick back. Once the workers are overseas you target the employers to pay these worker back the fees which was collected by the agents. In the end you come out like a knight in shining armor protecting these workers where in actual fact you been reaping profits from these poor souls systematically in the country of origin.
You are the reason this MoU was signed to bring in workers from Bangladesh. Because of your greed and selfishness Malaysia has appointed another country to provide security guards for Malaysian firms for the first time. Ex army and police Nepali ‘s had lost their source of income due to you and you only.
It is only fair you come out clean and stop misleading these poor migrants. These people live hand to mouth back in Nepal but by working in oversea they were able to provide a home, food, clothes and improve their general living condition. The blood is in your hand Mr Hall. You are the sole reason these migrant workers are going to suffer. I will do everything in my capacity to expose the truth about you. This will be the last time you will take advantage of these poor people. You are a TRAITOR to these poor people Mr Hall!
I never understood why people always link EMS with Tech. When tech falls, EMS will fall too... hmm... many never do homework and dont know the difference. Well, if you see opportunity, just load up more. My simple notes:
2021 - End of 2021, starts mass production of new air purifier.
2022 - Mar 2022, SKP expects to start mass production of Dyson new beauty care product. - End of 2022, completion of construction of a new 4-storey c.750k sq ft plant (vs. previously planned 3-storey 600k sq ft) on a 6.4-acre land in Johor Bahru which will increase its total floor space by c.75%. - SKP is scheduled to commence two new production lines by end 2022 and early 2023
- Potential increase in order from Dyson due to Dyson's fallout with ATAIMS - Approximately 75% of SKP’s revenue derives from customer X (Dyson). Its next biggest customer is Sony, followed by Panasonic, Sharp, Pioneer, Flextronics and Fujitsu - Hike in raw material, freight and FX costs will not compress margins, given the cost pass through mechanism in place. - SKP ships most of its manufactured output to China
Ppl think EMS is out of favor but for Skp only is unique and more space to grows and always succeed Cos I think more new things to come. Dyson products is still high demand in the world .. and recently removed Ataims … a lot quota needs urgently to fulfill.
very kacau lah mr.hall, let's hope skp got good news. if got, not only dyson will give more business, other ems will prefer working with skp too. i hope skp management smart enough to solve this for long term gain. mr.hall approve = even more new customers.
2021 - End of 2021, starts mass production of new air purifier.
2022 - Mar 2022, SKP expects to start mass production of Dyson new beauty care product. - Mar 2022, labour policy with most of the shortcomings targeted to be resolved by March - June 2022, Dyson ends contract with ATAIMS. - End of 2022, completion of construction of a new 4-storey c.750k sq ft plant (vs. previously planned 3-storey 600k sq ft) on a 6.4-acre land in Johor Bahru which will increase its total floor space by c.75%.
2023 - SKP is scheduled to commence two new production lines by end 2022 and early 2023 - Potential onboarding of a new customer for SKP
Note - Approximately 75% of SKP?s revenue derives from customer X. Its next biggest customer is Sony, followed by Panasonic, Sharp, Pioneer, Flextronics and Fujitsu - Hike in raw material, freight and FX costs will not compress margins, given the cost pass through mechanism in place. - SKP ships most of its manufactured output to China
If SKP pass the audit, single customer will become multiple big customer. Many multi-nation looking at diversifying away from China. Do you know the new Mac Studio is made in Malaysia? With China currency gaining strength, one day it will be affordable to make mid to high end goods in Malaysia... sadly.
i saw in news that skpres already reach their max production capacity and now is still waiting for expansion. So can i say that the next few years we do not expect increase in revenue until the expansion is complete and start production?
end of the year new factory will start running. this means by the end of the year they will sign up new contract, when? nobody knows. you can buy after they sign up or buy now and just wait for the good news.
The Electronic Manufacturing Services (EMS) sector is anticipating a healthy flow of contracts on the back of a pickup in consumer demand.
Hence, the reopening borders recently really benefit these EMS players. As when multinational firms can come in more easily, this will help in terms of contract flows which company can securing new customers.
Another thing, because of labour issues faced by ATA IMS, it benefited its peer in the industry as Dyson contracts will flow to SKP.
I am confident as the company have strong foothold in the plastic injection moulding, tool and die fabrication and the important point is strong contract manufacturing and component assembly.
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....