BSLCORP 7221 BSL CORPORATION BERHAD CAN BE THE CANDIDATE TO FILL THE VOID OF ATAIMS ?
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The
recent market news of ATAIMS got terminated by DYSON based on ESG and
labor issue had certainly made investor caution on the other EMS
(Electronic Manufacturing Services) Contract Manufacturer.
Current
listed company that are contract manufacturer to Dyson are ATAIMS, VS
Industry and SKPRES and a few other unlisted entities. With ATAIMS going
off the line, there will be a contract of almost USD 1 billion looking for new supplier. Who will be the potential party to get a piece of the cake?
Back
then, ATAIMS came in through an RTO of DENKO INDUSTRIAL CORP BHD. The
RTO process involves a take over from Oregon Technology Sdn Bhd for 55
cents per share. Subsequently, the company is RTO by IMS and renamed
into ATAIMS BHD in 2017.
With
the current situation beleaguering ATAIMS, there might be a potential
new comer into the scene of Contract Manufacturing for EMS sector. This
company is BSL CORPORATION BHD (BSLCORP - 7221)
BSLCORP
already had contract manufacturing services for some Japanese clients
with more than 40 years of history. However, the company as of late had a
shadow of movement which resembled to DENKO in 2017.
The
company had take over offer at RM 1.15 by Mr Pang (sanichi) and Mr
Ho(pnepcb) not long ago, which is at July 2021 and intend to maintain
the listing of the company.
Subsequently, BSLCORP undergo a series of corporate exercise which includes- share split of 1 to 2- bonus issue of 1 warrant for 2 shares- ESOS- private placement
The corporate exercise will enhance the liquidity of the shares in BSLCORP.
The
company intend to expand the capacity of semiconductor exposure in
order to cater for their business transition into a strong EMS player in
the sector.
Will BSLCORP be the next candidate to fill up the space that will be left vacant by ATAIMS ?
IMPORTANT NOTICE
Please
be informed that I am not a professional or certified analyst. I am not
a licensed consultant, just a normal retail investor. I am just sharing
my ideas and opinion on the market outlook. Any company mentioned
should not be interpreted as a buy/sell/trade call. Please do your own
research and buy/sell/trade at your own risk.
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