Short Position - Sign of the times

The challenging business environment, brought on by the onset of the Covid-19 pandemic, has taken the wind out of duty-free retailer Atlan Holdings Bhd. Results revealed this week showed that the company has reported a RM6mil loss for the second quarter ended Aug 31,2020. For the six months period, that loss has galloped to RM20mil.

Like chalk and cheese

It’s hard to see a common link between Lotus KFM Bhd and MESB Bhd except that both companies have common shareholders.

The latter holds the licensing and distribution rights for several brands of clothes and fashion apparels such as leather goods. It has over 700 consignment counters at leading departmental stores throughout Malaysia retailing products for men, women and children.