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nothing special. Boss mentioned EPCC will only start contributing from 1H2022. Some of the manufacturing businesses affected because some of the products are not essential item. Construction of glove factory in Banting slightly affected due to building materials supplier are affected as well. But , still expect glove manufacturing can start contributing in Q4.
I think most of the retailers here buy luster after they announced to tap into glove business. I would like to share a little info about another JV they announced before they tapped into glove , which is a new subsidiary namely TSI Zone.
TSI Zone JV partner is Tai Sing Industrial from HK. T.Sing is the OEM audio manufacturer for Sennheiser, Logitech and etc. In the lastest QR , management mentioned that this JV will start the production in May , but I'm not sure that the production line of audio system is halted or not during this FMCO. I find out that they mentioned "Logitech" in the TSI Zone recruitment post in few job search websites. I guess luster might be manufacturing audio product for Logitech thanks to the partner
thanks ah mao. in QR report management mentioned trade war between China and the the
United States of America as well as most of the companies’ strategy to extend their
manufacturing source outside of China as part of their risk management strategy. One
of the project from China is expected to start in Q2 of 2021.