Short Position - Labour, audited results, KAB's movements

Labour issues

ATA IMS Bhd’s slip into the red serves up some big takeaways. For one, it is a reminder to investors that companies in the red-hot EMS or electronic manufacturing services sector have their risks.

Secondly, it again illustrates the local manufacturing sector’s addiction to cheap foreign labour, an issue that the country has tried to address since 15 years ago with little progress.