Short Position - Sign of the times

TheStar Sat, Oct 17, 2020 07:50am - 3 years View Original


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.

Lotus KFM is principally in the business of milling, distribution and sale of wheat flour and starch products. Its products are one of the key ingredients for the food manufacturing industry.

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Related Stocks

ATLAN 2.730
BURSA 7.470
LOTUS 0.190
MESB 0.445

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