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1,489 comment(s). Last comment by goreng_kaki at Jul 23, 2021 9:33 AM
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satt1984
78 posts

Posted by satt1984 > May 20, 2021 11:55 PM | Report Abuse

Got ppl say force labour issue sure or not


limitupupup
1449 posts

Posted by limitupupup > May 21, 2021 12:14 AM | Report Abuse

insider dump like gtronic? Bad QR leak???


stupid
199 posts

Posted by stupid > May 21, 2021 12:34 AM | Report Abuse

The sharp drop of $ATAIMS might be due to another alleged forced labor conditions by Andy Hall. Not sure bout $SKPRES.

Andy Hall was also the same harsh critic that was previously involved in $TOPGLOV's CBP ban.


stupid
199 posts

Posted by stupid > May 21, 2021 12:35 AM | Report Abuse

Run tomorrow before too late!


BatteriesNotIncluded
91 posts

Posted by BatteriesNotIncluded > May 21, 2021 1:08 AM | Report Abuse

Andy Hall claims that there are "alleged forced labor conditions including, but not limited to, unethical recruitment practices and inadequate working/living conditions." This had brought the company to tank mid noon. EMS peers in Johor $VS / 6963 (V.S. INDUSTRY BERHAD) and $SKPRES / 7155 (SKP RESOURCES BHD) also took a beating with each company closing the day at -6.5% and -13.5% respectively.

https://ibb.co/ryKnmZT


stupid
199 posts

Posted by stupid > May 21, 2021 7:17 AM | Report Abuse

Prepare to dump while you can


goreng_kaki
1886 posts

Posted by goreng_kaki > May 21, 2021 8:28 AM | Report Abuse

RUBBISH COMPANY DOING FORECED LABOR.... PUIK


satt1984
78 posts

Posted by satt1984 > May 21, 2021 8:41 AM | Report Abuse

https://www.klsescreener.com/v2/news/view/830787。。。。。。hope everything isfine


satt1984
78 posts

Posted by satt1984 > May 21, 2021 8:42 AM | Report Abuse

KUALA LUMPUR (May 21): Electronics manufacturing services (EMS) provider ATA IMS Bhd was bogged down by heavy selling on Thursday. Its share price tumbled nearly 18% or 51 sen to close at RM2.33 — the lowest since Feb 3 when it traded at RM2.27.

This resulted in some RM614 million market capitalisation being wiped off from ATA IMS in a single day. Trading volume swelled to 11.93 million shares, over three times its 200-day average trading volume of 3.76 million shares.

Some quarters attributed the heavy selldown to the US Customs and Border Protection's (CBP) decision to initiate an investigation into the company, which has been accused of using forced labour.

Migrant worker rights specialist Andy Hall has filed a petition to the CBP to investigate ATA IMS, and provided what he claimed was information on alleged forced labour conditions, including but not limited to, unethical recruitment practices and inadequate working/living conditions at ATA Industrial (M) Sdn Bhd — a unit of ATA IMS in Johor.

When contacted, Hall shared the reply letter he received from the CBP. The letter noted that the US authorities would open an investigation to review if there was any forced labour involved in ATA Industrial's activities.

"CBP reviewed the petition and determined the information is sufficient to investigate the merits of this allegation.

"The length of time needed to review an allegation depends on a variety of factors, some of which are beyond CBP's control. If CBP finds the information meets the threshold, CBP will issue a Withhold Release Order," said CBP in the letter dated April 19.

Nonetheless, ATA IMS' executive chairman Datuk Seri James Foo told The Edge that the company has not received any communication from CBP regarding the issue.

He also refuted claims that the company is using forced labour in its manufacturing process.

"None of our employees are subject to forced labour. As a contract manufacturer, we are bound to apply the international labour standards adopted by our main customer. We are audited by our main customer and the global retailers of our main customers' products regularly to ensure strict compliance," said ATA IMS when contacted by The Edge.

"Our recruitment practice is fully compliant with international best practices. In particular, we pay for all recruitment costs so that our workers do not pay any recruitment fees on their part. Also, our workers keep their own passports," it added.

The company believes that it provides good living conditions for its workers. "We believe our dormitories are the best in class with a gym, safe deposit boxes, Wi-Fi, cafeteria and other amenities within our compound," it said.

On Bursa Malaysia, the selling spilled over to ATA IMS peers — SKP Resources Bhd and VS Industry Bhd — both of whose share prices also headed south.

SKP Resources slid 13.42% or 20 sen to settle at an eight-month-low RM1.29, valuing it at RM2.02 billion. VS Industry dropped 6.5% or eight sen to close at RM1.15, giving it a market value of RM4.34 billion. The stock was also nearly at its eight-month low from when it was trading at RM1.14 on Sept 29, 2020.

The trading volume for both SKP Resources and VS Industry stood at 9.83 million and 25.73 million shares respectively, both exceeding their respective 200-day average trading volumes of 5.35 million and 14.75 million shares.


trading2019
176 posts

Posted by trading2019 > May 21, 2021 8:55 AM | Report Abuse

The only type of labour that is not "forced" is the AmericanWay. This is the narrative that the US is playing now.


Bizfuneng
805 posts

Posted by Bizfuneng > May 21, 2021 9:14 AM | Report Abuse

Andy Hall getting richer and richer.


MiaoMiao7
164 posts

Posted by MiaoMiao7 > May 21, 2021 9:22 AM | Report Abuse

Move to skp or vs, ataims is the topglove of ems.


Newbieinshare
1820 posts

Posted by Newbieinshare > May 21, 2021 9:48 AM | Report Abuse

Andrew Jonathan Hall (born 30 October 1979 in Spalding, Lincolnshire, England) is a migrant worker and labour rights activist and researcher, formerly based in South East Asia.

In early 2013 Hall was sued by Natural Fruit Company following the publication of the Finnwatch report "Cheap Has a High Price".[1] Hall claimed to have interviewed workers for the report, some of whom were undocumented migrants and reported poor working conditions, unlawfully low wages, confiscation of official documents, use of child labour and excessive overtime. Altogether Natural Fruit has brought four cases against Hall, for alleged defamation and computer crimes. Many international human rights organisations and trade unions, as well as UN agencies and the European Parliament and European Trade Commissioner, have condemned Natural Fruit's actions as judicial harassment and an attempt to silence a human rights defender, and called for the cases to be dropped.[2]

At Hall's July 2016 trial, Finnwatch testified that the report alleging human rights abuses by Natural Fruit Co was analysed, written, and published by NGO Finnwatch, not by Hall, who was hired merely as a local investigator.[3] However, Hall is identified in the report as the leader of the Finnwatch investigation in Thailand.

Lawsuits
Of the four lawsuits against Mr Hall,[4] for which he could face up to 7 years in prison, the two criminal cases have been ruled in his favour already. On 05 November 2016, the Supreme Court ruled in favour of Mr Hall on the charge of criminal defamation (Aljazeera interview case) dismissing the case for a third and final time. On 31st May 2018, the Appeals Court rules in favour of Mr Hall on the charge of criminal defamation and computer crimes (Finnwatch report case). The two remaining cases are both civil defamation claims, one of which has been ruled in favour of Natural Fruit. [3]

On 20 September 2016 Hall was at a court of first instance (Bangkok South Criminal Court) found guilty of criminal defamation and violation of Thailand's Computer Crimes Act. The court sentenced Hall to prison for four years and ordered him to pay a 150,000 baht fine. His prison sentence was reduced to three years and suspended for two years because of his record as a human rights defender. Hall appealed the ruling.[5] The president of Natural Fruit, Wirat Piyapornpaiboon, commented on the ruling outside the Court house to international media, saying, "No foreigner should think they have power above Thai sovereignty,..."[6]

On 26 March 2018, the Prakanong Court in Bangkok issued its verdict on the civil damages claim against Hall, ordering him to pay 10 million baht (US$320,000) in damages to the company. The court also ordered Hall to pay 10,000 baht to the plaintiff's lawyer and court fees including interest of 7.5 percent from the date of filing this case until the amount is fully paid. Hall will appeal the decision, particularly given the Supreme Court had already in 2016 dismissed the accompanying criminal case.[7][8]

The Thai Court of Appeals more recently on 31st May 2018 acquitted Hall of criminal defamation and computer crimes, overturning a lower court ruling. The Appeals Court ruled that Hall had not acted unlawfully as charged by the prosecution. The court further ruled that, based on the evidence before it, Hall had indeed interviewed migrant workers from Natural Fruit's factory and there were labour rights violations against migrant workers at Natural Fruit, and that the research was in the public interest.[9] Natural Fruit can appeal the Appeals Court ruling to the Thai Supreme Court.[10]

References


Newbieinshare
1820 posts

Posted by Newbieinshare > May 21, 2021 9:48 AM | Report Abuse

this andy hall himself is a joker. just google his name


Baby Shark
4895 posts

Posted by Baby Shark > May 21, 2021 10:50 AM | Report Abuse

Buy cheap also kena burn, really suey..


genghis
384 posts

Posted by genghis > May 21, 2021 11:17 AM | Report Abuse

mulah,mulah.ada briayani?


goreng_kaki
1886 posts

Posted by goreng_kaki > May 21, 2021 11:26 AM | Report Abuse

SHAME ON YOU FORCED LABOUR


Live2Win
395 posts

Posted by Live2Win > May 21, 2021 12:41 PM | Report Abuse

Same situation as TG...nowadays all the towkays need to provide 5-star hotel accommodation for their migrant workers...food not important


paperplane
21488 posts

Posted by paperplane > May 21, 2021 5:19 PM | Report Abuse

you need to give BANGLA staying in 5 star hotel ok, if not they will be claimed as FORCED LABOR. give somemore high bonus will ya. American are just nothing but shit, ask them go fight elsewhere, not in MALAYSIA


paperplane
21488 posts

Posted by paperplane > May 21, 2021 5:20 PM | Report Abuse

HYPOCRITE, ASK HOWS THE SOUTHERN AMERICAN TREATED THERE! ASK HOW MEXICAN BEING TREATED. Point figure in Asian countries so you can play dirty shit politics in asia? Shame on you


Newbieinshare
1820 posts

Posted by Newbieinshare > May 21, 2021 9:07 PM | Report Abuse

GENERAL ANNOUNCEMENT
COMPANY NAME : ATA IMS BERHAD
STOCK NAME : ATAIMS
Date Announced : 21 MAY 2021
Type : Announcement
Subject : ATA IMS BERHAD (“ATA IMS” OR “THE COMPANY), SOCIALLY
RESPONSIBLE LABOUR PRACTICE
With reference to The Edge article on 21 May 2021 entitled “ATA IMS denies allegation of
forced labour as share price tumbles”, the Board of Directors of ATA IMS wishes to
elaborate on our social compliance and responsible labour practices.
The Group has implemented, adheres to and endeavors to continually improve on
internationally recognized Sustainable Social policies and practices relating the workplace,
community and market place. The most fundamental of which is the principle of protection of
human rights, where the Group strongly advocates the fair and ethical treatment of all our
employees.
We comply strictly with Malaysian labour laws and regulations relating to recruitment,
minimum wages and maximum working and overtime hours, and no child labour policy.
We have also successfully gained SEDEX membership and OHSAS 18000 certification
which ensures that our social compliance and occupational health and safety practices are in
adherence with internationally recognized standards.
In relation to foreign workers recruitment, the Group fully adopts international best practices,
a key aspect of which is a zero-recruitment cost policy, such that the Group’s foreign
workers are not required to pay recruitment and/or agent fees to any third parties during the
recruitment process. The recruitment agents that the Group engages are also required to
undergo a due diligence evaluation process to ensure their compliance with such practices.
All employees are offered fair and no less than the minimum wages as stipulated by the
Malaysian labour laws, including for overtime work which are on voluntary basis.
Compulsory rest days are also adhered to so that employees have sufficient rest and
recreation for their overall health and well-being. Training and workshops are also given to
employees at regular intervals, and those who have displayed high performance and good
discipline have been afforded career advancement opportunities.
The Group provides hostel accommodation for all foreign workers which meet international
labour standards adopted and audited regularly by our main multinational customers and
global retailers. These accommodations surpass the Malaysian government’s guidelines for
minimum standards for foreign workers’ accommodation (Guidelines for Minimum Standards
for Foreign Workers’ Accommodation 2018), and are complete with well-equipped cafeterias
or kitchens, gyms, wifi access, recreation facilities and sick bays.
The foreign workers also have unrestricted access to individual lockers for safekeeping of
their passports and personal documents, and assistance from human resource personnel or
representatives to discuss grievances and/or provide suggestions related to work or hostel
matters.
The group has not received any communication from the US Customs and Border Protection
(CBP), or any other similar government authority on any matter as of today, and that the
Group does not practice any form of forced labour in its operations as alleged. In any case,
the Group will address any inquiries from and will be prepared to cooperate with CBP or
other government authorities promptly if any such communication is received.
This announcement is dated 21 May 2021.


James Ng
2253 posts

Posted by James Ng > May 21, 2021 9:14 PM | Report Abuse

https://klse.i3investor.com/blogs/general/2021-05-21-story-h1565183479.jsp
[转贴] [Video:浅谈ATA IMS BHD, ATAIMS, 8176] - James的股票投资James Share Investing


Albukhary
2214 posts

Posted by Albukhary > May 21, 2021 10:29 PM | Report Abuse

In US, Elon Musk is the one who can change the market with one comments / twitter.

In Malaysia, Andy Hall is the one who can make all company share price down, no matter what he claim is true or false.

When he said Top Glove force labour, Top Glove down.

When he said ATAIMS force labour, ATAIMS down.

Next time he said MAYBANK force labour, MAYBANK will also down.

After that he will said PETRONAS force labour, Petronas will also down.


vanbasten9
1138 posts

Posted by vanbasten9 > May 21, 2021 10:31 PM | Report Abuse

Anyone caught the cws c,d,h in mid morning today hyuk hyuk hyuk


vanbasten9
1138 posts

Posted by vanbasten9 > May 21, 2021 10:33 PM | Report Abuse

Thanks andy hall


vanbasten9
1138 posts

Posted by vanbasten9 > May 21, 2021 10:34 PM | Report Abuse

Now begone andy hall..you have outlived your usefulness


brian3381
1422 posts

Posted by brian3381 > May 22, 2021 9:45 AM | Report Abuse

Those bottom fishing got gain, beter sell. Tis kind of bad news form cbp wil haunt u very long. Topgl is a good example. Ataims might face many more selldown on the road


pang72
43985 posts

Posted by pang72 > May 22, 2021 10:57 AM | Report Abuse

Look like ems are gone...


pang72
43985 posts

Posted by pang72 > May 22, 2021 10:57 AM | Report Abuse

It is quite dangerous for msia export industrial to us


vanbasten9
1138 posts

Posted by vanbasten9 > May 22, 2021 11:35 AM | Report Abuse

Yeah everyone day dreaming buy 1 free 1 kekeke


yttihs
1187 posts

Posted by yttihs > May 22, 2021 3:45 PM | Report Abuse

Finally, people are waking up. I don't hold any ATAIMS but I am sorry for it's shareholders.

Once they get TG to obey, they will think their strategy works in Malaysia and will continue to use the same strategy. US is obviously a hypocrite. What human rights problem? They created the evidence themselves. All they care about is their own interest.

I once thought Palestinian are the problem but I was wrong. It is very clear now, the aggressor is the Israelis, with many evidences. It is sad how the veto power ally America is shielding them from their crimes. But we're not surprised looking at those shit they are trying to spur up on matter like Israel-Palestinian, Xinjiang, TG, Black Lives Matter, Asian Hate Crime etc.

The American Empire is constantly in decline. It's end will be just like the Romans and the British, etc. It will come a time it's CAPITALIST system will swallow itself. Marxism, one of the economics school of thought, that you can barely find in the US, is one of the most important critique to capitalism.

Capitalism is about the exploitation of labour, the maximization of profits, and reducing the cost of labour. Capitalism had build within it the seed of destruction. It will come a day where capitalism will exhaust it's potential and collapse. Capitalism expansion is not eternally sustainable and when it is unable to expand and unable to generate profits at past level, the capitalist system will consume the structure that sustain it. It will prey upon in the name of austerity, the working class and the poor, driving them ever deeper into debt and poverty and diminishing the capacity of a state to serve the basic need of ordinary citizen. It would as it has increasingly automate or relocate jobs including manufacturing and professional positions to country with cheap pool of labour. This will trigger an economic assault on not only the working class and the middle class, the bulwark of a capitalist democracy that would be disguised by massive personal debt as income decline or remain stagnant and borrowing soared. Politics in the late stage of capitalism become subordinate to economics leading to political parties hallowed out of any real political content and objectively subservient to the dictates of corporations. When there is no new market and no new pools of labour available to take on more debt, capitalism in the end will turn on the so-called free market along with the tradition and values it claimed to defend. It would in it's final stage pillage the system and structure that made capitalism possible. It would resort as it causes widespread suffering to harsher forms of repression to maintain social control. It will attempt in it's last stand to extract profit by looting and pillaging the institutions contradicting it's stated nature.

This is what you are seeing in and from the US. US will move it's factories all over the world to seek cheap labour. In the 90s, they came to Malaysia. When the price of labour to begin to rocket, they move to China. Now, people talk about robot and automation. Soon, people will be out of jobs because it will be replaced by robots. Auto-taxi? Taxi driver eat shit loh. You know US debt is damn bloody high, right? Why they can sustain? Because the export the dollar, e.g. oil can only be traded with US dollar. So what happening now is the world is de-dollarizing with China spearheading making US in deep trouble. The corporates in US are the real controller of the democracy in US, not Biden. As for Palestine, you know US is the veto power that block the UNSC intervention, right? At the same time they sell more arms to Israel? The political stance for Israel-Palestine is shifting since 2014 because the influence of US is degrading and all those secrets and shit from under the carpet is coming out. Remember Julian Assange? US is no longer trustworthy. It's full of lies. Germany wanted the Nord Stream Pipeline and US sanction them. He ignores even his own ally. Don't waste time with the MSM (MainStream Media) like BBC. It's full of propagandas.

You just need to read a little bit and you'll understand the problem with capitalism and how US is degrading and declining. But this time the difference maybe that US will bring the whole world down together with it.

I DON'T have any suggestion for people holding ATAIMS. I just hope people are aware of what is happening in the world and know how SHIT US is! They will interfere in every single SOVEREIGN countries for their own interest!


bpsiah
99 posts

Posted by bpsiah > May 22, 2021 3:47 PM | Report Abuse

This is a ridiculous world. Just one man (supported by the powerful) can do so much damage to an industry. In a way, we investors also become a 'forced labour investors' losing our bonus and our pants not to mention our hard earned savings just because of the man. Where is our manpower/labour minister by the way???? If this is the way things should happen then we are not a sovereign country as proclaimed. Our economy can be controlled by the whips and fancies of just one man.


bpsiah
99 posts

Posted by bpsiah > May 22, 2021 3:59 PM | Report Abuse

Our labour/manpower minister should be doing the job in finding out was there really cases of 'forced labour' in our manufacturing industries. Don't we have SOPs on how labour must be treated in our country? Why let someone else to do the findings and smear the name of our industries and country. I think this is a serious issue and a sovereign matter that must be addressed appropriately.


yttihs
1187 posts

Posted by yttihs > May 22, 2021 4:16 PM | Report Abuse

@bpsiah TG already solves the 11 indicators. Are they lifting the ban? Don't be naïve. It has nothing to do with Forced Labour. Force labour is just an excuse. There is something the US wants. I don't know what it is but there's something. It either we and our government start to wake up and defend our dignity or we will continue to see assault from this bully.


bpsiah
99 posts

Posted by bpsiah > May 22, 2021 6:36 PM | Report Abuse

@ yttihs, exactly what I am getting at. We must defend our dignity.


pang72
43985 posts

Posted by pang72 > May 22, 2021 6:41 PM | Report Abuse

Something is wrong with US-M?


yttihs
1187 posts

Posted by yttihs > May 23, 2021 3:51 PM | Report Abuse

@pang72 CNN, Fox, MSNBC, etc. (MSM) viewership has plunge about 75%. People already found out how they work. Remember our TV3, TV2, etc? Do you watch TV3? I bet you don't. Why? "Bias" and "Lies". They will get some people usually so-called "Expert" to do the talking. And usually, the MSM objective is just to 'send THEIR message across' to the public. That's what you are seeing in the MSM in US about Palestine-Israel matter. They will often twist words to suit their narrative such as "right-to-self-defend", "clash", "terrorism". Whenever the guest DOES NOT have a narrative that align with the MSM, the interviewer will start interrupting, 'reframing' questions, redirecting the guest, etc. to realign it with the MSM narrative. That's why you often see on comment section that people keep saying "Let the guest finish their sentence!"

Because all those independent or LESS BIAS media is EMERGING in US, people are flocking over and hence, those MSM viewership are now plummeting. People right now prefer channels that enable viewer participation or more objective, e.g. it allows listeners to ask questions and participate in the discussion.

You know The Edge, right? When a stock is going down, they'll use the analyst that say it'll go down. When the stock is rising, they'll use the analyst that say it worth more.

If you start Googling now some narrative on the MSM like CNN, BBC, SkyNews, you'll see the pattern on Israel-Palestine matter. And if you start going to LESS BIAS non-MSM media you'll see an alternative view. You will then be able to judge for yourself.

I hope this helps.


pang72
43985 posts

Posted by pang72 > May 23, 2021 6:19 PM | Report Abuse

pang72 Covid 6979cases record high!!
You still main main in stock market.
Business as usual 8 to 8pm next weeks for 6979 cases.
Business will cut to 8 to 5pm for 7989 cases..
Business will cut to 8 to 3pm for 8989 cases..

Our gomen proudly implemented very tighten SOP!!!
23/05/2021 6:17 PM


Baby Shark
4895 posts

Posted by Baby Shark > May 24, 2021 10:11 AM | Report Abuse

Last time 0.70 onli.. hehe


TCLEOW75
38 posts

Posted by TCLEOW75 > May 24, 2021 8:03 PM | Report Abuse

QR date?


satt1984
78 posts

Posted by satt1984 > May 26, 2021 10:55 PM | Report Abuse

Additionally, ATA IMS has a SEDEX membership and OHSAS 18000 certification which ensure its practices are in adherence with internationally recognised standards.。。。。u think sedex no audit ar... U know wat is sedex


llrr77
214 posts

Posted by llrr77 > May 27, 2021 6:40 PM | Report Abuse

Impressive results, RM3 coming back soon!!!! Yikes


robertwts
124 posts

Posted by robertwts > May 27, 2021 6:50 PM | Report Abuse

Why some said bad some said good?


chaisoonkon
11 posts

Posted by chaisoonkon > May 27, 2021 7:15 PM | Report Abuse

GOOD RESULTS .RM3.20 COMING SOON .


Bullbursa
343 posts

Posted by Bullbursa > May 27, 2021 7:52 PM | Report Abuse

Bad result


Nobody88
1 post

Posted by Nobody88 > May 27, 2021 7:56 PM | Report Abuse

Core earning increased to 49m. lower profit was caused by seasonal unrealised fx loss. probably drop in the morning and recover in the after.


satt1984
78 posts

Posted by satt1984 > May 27, 2021 10:28 PM | Report Abuse

pe20 consider damn cheap. Normally can up to PE30, previously even around 35+(when hit 3.5)


newbiebird
2 posts

Posted by newbiebird > May 27, 2021 11:09 PM | Report Abuse

how much is the fx loss?


llrr77
214 posts

Posted by llrr77 > May 28, 2021 12:29 AM | Report Abuse

22m


llrr77
214 posts

Posted by llrr77 > May 28, 2021 11:32 AM | Report Abuse

Gorengkakai u don't need create panic la ahahah

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