PublicInvest Research
Technical Buy - ASIAPLY (0105)
PublicInvest
Publish date: Mon, 12 Dec 2022, 09:51 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
Description
ASIAPLY is primarily engaged in manufacturing of cast acrylic sheets.
Source: 3QFY22 financial result
Fundamentals
ASIAPLY's third production line construction was completed in the middle of Aug 2022 and a pilot run has been carried out in Sept 2022. The third production line is capable for production of thicker acrylic sheets while achieving greater cost efficiency.
Source: PublicInvest Research - 12 Dec 2022
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