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Hot Stock At Systemization falls 5.88% after saying it aims to break even in FY16
by Cals Mon 17 Aug 2015, 19:51
Hot Stock
At Systemization falls 5.88% after saying it aims to break even in FY16
KUALA LUMPUR (Aug 17): Loss-making AT Systematization Bhd fell 5.88% in thin trade this morning after the company said it aims to break even in financial year ending February 29, 2016 (FY16), even as the industrial automation specialist contends with decreasing orders from hard disk drive (HDD) manufacturers.
At 9.27am, AT Systematization fell 5 sen to 8 sen with 80,000 shares done.
AT Systematization executive director Mak Siew Wei said the lynchpin to realise its FY16 earnings target is the company's joint venture (JV) with Singapore-based Fong’s Engineering & Manufacturing Pte Ltd (FEM).
“The JV entity is known as Fong’s & AT Venture Sdn Bhd. We want FEM to load us with more jobs,” Mak told reporters after AT Systematization's annual general meeting today.
He said Fong’s & AT Venture is aiming to clinch a major job from a Switzerland-based company, which builds components for textile machines.
At Systemization falls 5.88% after saying it aims to break even in FY16
KUALA LUMPUR (Aug 17): Loss-making AT Systematization Bhd fell 5.88% in thin trade this morning after the company said it aims to break even in financial year ending February 29, 2016 (FY16), even as the industrial automation specialist contends with decreasing orders from hard disk drive (HDD) manufacturers.
At 9.27am, AT Systematization fell 5 sen to 8 sen with 80,000 shares done.
AT Systematization executive director Mak Siew Wei said the lynchpin to realise its FY16 earnings target is the company's joint venture (JV) with Singapore-based Fong’s Engineering & Manufacturing Pte Ltd (FEM).
“The JV entity is known as Fong’s & AT Venture Sdn Bhd. We want FEM to load us with more jobs,” Mak told reporters after AT Systematization's annual general meeting today.
He said Fong’s & AT Venture is aiming to clinch a major job from a Switzerland-based company, which builds components for textile machines.
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