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Retrieved from i3investor
AT (0072) Target RM0.134 will reach when they completed 13 lines (expect in October 2021). Target RM0.28 will reach when glove sector recovers to normal level (expect in 6 months). All of us know that glove sector is undergoing downtrend currently, but stock will not undergo downtrend forever, it will recover to a normal level when it reaches a downtrend limit and meet a strong support. A specific time on when the glove sector will recover cannot be guaranteed, we have to observe the technical chart for this, some day it will change it's direction. The Delta Covid-19 Variant is what the global need to take precaution.
From The Sun Daily news, we can see they already running 2 lines on February 23, 2021, line 3,4,5,6 will be completed in April, 2021. Yes, many people are right, they should make official announcement about the update of following lines, but unfortunately they do not announce. But, I believe no public listed company dare to cheat the public because it would harm their reputation so badly and hard to survive in the future without the trust from public. That is why I believe AT will keep their promises to complete 61 glove dipping lines since they already told so many official media and let so many people know about their plan, if they failed to do it, they will lose trust from so many people.
We can also see "AT has now obtained the CE Marking Certification (allowing gloves to be export to the European region). While AT is the process of applying full certification from the US Food and Drug Administration (FDA), AT has obtained permanent registration with the FDA which allows gloves to be export to USA during this pandemic. Other certifications that are currently in progress of obtaining includes the ISO 13485 and Medical Device Authority (MDA) certification." from The Sun Daily news about their certification.
The time to reach final target price RM0.80, we have to wait until the opening of second factory + completion of 13 lines in first factory + recovery of glove trend, December, 2022 would be the earliest time.
hahaha yea public lister company do not date to cheat because of reputation?What a joke.hahaha.they dare to cheat because they are licenced scammer.They are free from law.So much cheater in bursa.What TG told in Media last year.Beyond maybank?Be the no 1.Hello.What happened now.They can act even in front of media.Super Big Company Oi.What hppen to serbark now.You are making huge joke with new ID again.As i said,Operator is doing thier job .They are hungry.just wait and see the show.
