Top Glove rallied

seems like wilmar is doing good in iran compared to china

http://www.reuters.com/article/2013/04/29/...panyNews&rpc=43

Green today on my watchlist is Kfima and MISC.
The rest down. Red red and red.

Supermax hit after owner said he supports PR

he better hope BN dont lose

This post has been edited by ham_revilo: Apr 29 2013, 07:00 PM

If not top gainer will become top loser in next monday

I believe he already take that into consideration, government contract doesn't bring much revenue to the company i suppose

Possibility he calculated the risk , if PR win can get more contract. He look the other way.

This post has been edited by felixmask: Apr 29 2013, 09:14 PM

PR will not sabotage what the Company currently enjoying, Malaysia still need to rely on Manufacturing sector, most of our money comes from export businesses

Do watch out Oil & Gas and Palm Oil industry, if PR win it, they going to focus on these 2 sectors.
Regarding Palm Oil Industry, they will focus much more on downstream, encourage company to spend more on R&D, enhance yield. From raw material to end product, this will help to push our country's manufacturing sector.

Glove sector, i think if PR come into power, they will try the best to reduce foreign labor, train more local high skill worker, push glove maker to automation. Relying too much on low skill labor doesn't bring much benefit to the nation since we rely so much of foreign worker.

All related to Dr M Babe/Cronnies..sure need to cabut especially SapuKecil,
Palm oil dunno how to automation , maybe giving company tax incentive for hire more local ppl.
Possible restrict big company expansion land but more favor to small plantation like Indonesia.

This post has been edited by felixmask: Apr 29 2013, 09:47 PM

For palm oil sector, try to look at KLK. This company is going to develop in palm oil sector plus their recently development in Pulau Indah will boost up the company.

I totally agreed. Somehow like TNB vendors or suppliers, the profit margin is super low...

pulau Indah got what related plam oil??? i thought F&N moving their factory there.

KLK is developer and yet their major business focusing on palm oil. They going to develop Pulau Indah as an industrial area.

mean p.indah land belong to KLK....

Palm Oil industry unable to automation, but they will push the Company for R&D, releasing foreign worker permits
Tax incentive wise, i don't think they will give to Upstream, maybe applicable for downstream

I knew they are going to develop Pulau Indah, as currently I worked as supplier for them.

It is easy to say on paper, and in theory.
In reality wise, you need various factors and condition to be in place before can push for automation.

For eg.
You want to change the production from highly manual to fully automation, you need skill personnel that can run the automation machine, technician that know how to calibrate, technician the know how to repair when broke down, programmer know how to program PLC or various controlling software, enough supporting service for maintenance of automation (sensor etc)

You cannot simply say want to push automation then already can be done already.

For simple eg. hybrid car on the road.
You can buy hybrid car as same as buying a fully automated production line.
But when breakdown time, nobody know how to repair, most local mechanic do not know how, so the car stranded for long period of time before get fix even for simple faulty parts.
So this can be same for fully automated production line as well.

Some process can be simple in manual, but if want to do with full automation, it can be a tough task and very costly.
For a simple task eg. sweeping or cleaning service in mall or apartment.
Want to reduce this kind of labour force and do automation?

Also with globalisation, business competition is so intense, automation may come with high cost.
If automation is a simply solution, we won't see many factories shifting around the globe to find a footing to reduce cost. We won't see Japan MNC shifting production line to Malaysia, and Japan production remain in Japan if automation can solve the problem.

Must always get a balance right.

It is as same as many said want their kid to be doctor, accountant and high profession field, but when those next generation grow up, who do those low skill job?
Nobody become waiter/waitress in the restaurant, nobody clear garbage, nobody build brick etc. and this is actually happening and one of reason why we need foreign workers as well.
We have a lot of graduate nowadays everywhere, but a lot of industries are screaming short of labour force, and yet graduate complaining hard to find a job.

So true. Basically Malaysians don't like doing 3D jobs.
Dirty, Difficult, and Dangerous.
A lot of industries still count on foreign labours to move.

Deleted

This post has been edited by asambuffett: Apr 30 2013, 08:24 AM

CI from -5 turned to +3 in 10 minute times..............