@MM78 thanks for your comments / input.

Rather unwittingly selling today might have turned out to have been quite prudent.

https://www.thestar.com.my/business/business-news/2020/12/04/fitch-downgrades-malaysia-to-bbb

@Finnmm similar story I bought at RM0.48 originally and averaged down.
I feel your pain!...I will not CL I will just ride it out.

The long term future prospects for asiaply are excellent by june 2021 they will have a new factory doubling there production output! They have a good bank balance etc etc.

This forum has heard all this before, but eventually this will result in significantly increased profits and consequently the share price will go up and probably sooner than we think.

Never say Never...but I doubt 0.30 is going to be on the cards...there was always strong support at 0.32..but I would be surprised if it reached that level.

Price seems to good not to top up ?

Just need some patience.... Rome was not built in a day.

Lol ...Aaron_tan nothing in life is certain apart from death and taxes!...but my view is... if you buy Asiaply tomorrow and hold until 2021 ...you should get a great return..... I put my money on it.

I just think opportunities like this don't come around every day. This is a super unique situation.

Sadly it was covid that catapulted Aisaply into Europe and the USA. But before this their sales were none existent in these regions.

But through Covid,Asiaply got a foot in the door in USA and Europe. Now the product is known and trust is built ...Asiaply went from no sales to 25% of its sales abroad in this short time. No doubt there is further room for expansion. This should be just the tip of the iceberg.

Once substantial profit is made for more than 2Q .....

If you were right Aaron_Tan the fund that bought in at RM0.416 would have lost nearly 50% of their value in less than 3 or 4 months. Funds don't spend 36 million without doing there due diligence!

Nothing has changed asiaply still has the same bright future ahead of it...in truth, you just don't get opportunities like this every day. There is only one way this share price is going in 2021 and that is up!

The new factory is going to double production....Directors have mentioned a large contract in the press and that they need to demonstrate that they can supply the quantity and quality, hence asiaply is acquiring another factory. Asiaply is also the only acrylic manufacture listed on bursa!

Asiaply is also one of the few acrylic manufacture that uses a cold manufacturing process rather than a hot manufacturing process. The advantage with the cold process is it allows the acrylic better visual clarity...

Asiaply is just quietly doing it business.This is a proper company in the business of doing business, not goreng the share price up for 10 minutes with blogs and press releases.

Current share price ...RM0.36 ..30th November 2020

Asiaply, a lot good things going for this company, whilst no one has a crystal ball, this dip is likely to be temporary. In 2021 the income from the new factory and the latest acquisition will bring in some great revenue. If you bought now Roger you could potentially double your money in 2021!

a long time ago there was a view in this forum that asiaply value might or could reach a value of RM0.70 - RM 1.00.

At that time asiaply did not have plans to buy 30% of GB PLAS SDN or develop another factor which would allow them to double there production capacity.

Once the new factory is in operation being conservative where could the share price be in say 2022 ?

human please can you post that link ?

DK, pls add me too

When are the Q results expected ?

depends what you mean buy cheap...below 0.30 for sure...

These allotments/ additional shares will they impact the current share price ?

I say things are looking positive!!!

https://www.theedgemarkets.com/article/kanger-ropes-more-collaborators-help-distribute-covid19-vaccines

https://www.theedgemarkets.com/article/kanger-collaborate-sinopharm-distribution-covid19-vaccine%C2%A0

Kanger have the sole rights to Sept 24, 2023.

Kanger has also entered into a memorandum of understanding (MoU) with Pharma.

I doubt that will be the case, because the directors have decided to build a new factory, ready June 2021, which will double their production capability. Plus covid has allow them to expand their sales into Europe and the USA, so Asia poly will have become a familiar brand over there after covid....

when does the pp complete ?

Going to double my holdings in asiaply. Good article in the edge. The Malaysian stock market so funny, a good company with great prospects and in profit, no interest. A loss making company venturing into new business ...everyone wants to buy!!

Market closed today AT was up. Covid is still present, massive demand for rubber gloves still present.

Market will open tomorrow, covid still present, still a massive demand for gloves. AT still the only glove company opening a nitrile glove factory next month in chemor....share price up ...lol

I really thought asiaply would be flying by now. ...

in the history of vaccines the fast vaccine ever developed was 4 years. Pfize / bioNtech vaccine still, 'huge challenges ahead', plus there are to many logistical challenges with this vaccine which, 'needs to be kept in ultra-cold storage at below minus -80C'. plus the length of immunity and effectiveness for different ages groups still uncertain. Plus any vaccine would still be administered by nurses / doctors wearing gloves.
If you could buy a rubber glove company @ RM1 ...would you think that was expensive or still cheap ?
Sadly covid will be with us in 2021 ...

It is very unfair of an individual to consistently post negative comments about share price, particularly when it is falling without any real justification.

The only reason I could think of for someone to do this would be to panic small retailers into selling / cutting loss so they could then buy in cheaply.

The irony is that those negative comments will only hurt those that sell and those that sell are unlikely to have any impact on the actual share price.

Its alright to say don't be greedy, buy low sell high, buy on rumour sell on news and so on, but everyone has 20:20 vision with hindsight. One never knows what position or troubles that other individual could be in, but being kind will never cost you anything.....

@lau9639 Thanks for your input / comments.

The typical length of time for a vaccine to be developed is between 10 and 15 years.

‘The fastest vaccine that has ever been developed was the one for Ebola. That took five years.'

Lets just use silly time scales and say they find a vaccine for covid in half the time of the fastest vaccine ever found, not very lightly particularly as covid-19 keeps mutating, but that is still 2 1/2 years.

Say worldwide manufacture, distribution 12 months, plus another 6 months for inoculation. That's four years away on a best case scenario!

political uncertainty wont last for ever, fundamentals of asiaply are strong. I wont sell. Everytime I tried to sell and buy back in on asiaply I always missed the window.

You should buy in now roger this is the same level that the pp was done at. Its a temporary blip, fundamentals are still strong.

A long wait... but now no uncertainty AT really is a glove manufacture. Have a good weekend guys. This really is great new !!

How many more pp is left to do ?

So funny all these other companies talk gloves and share price doubles! Whilst AT only a small blip on share price, but they actually got a glove factory that will be finished in a month or two.

Share price will fry at some point...but patience is the key, no point to sell at 0.12 or 0.15 ... when gloves are actually running off the production how much will AT be worth ??

There is a counter called asiapoly. This company produces that see through plastic you see at till points or areas where you pay for goods. This counter was only 0.070 in May. It peaked at 0.60 a little while back and has now dropped to around 0.45. When the Q3 results come out it is sure to go up again. Prelexus is another counter went from 0.31 in march now something like 1.75!.They produce face masks.

If AT really sets up a glove factory and starts making actual sales in 2021 Q1 / Q2...where can you get a glove counter for under RM 1 ??????

Now, people are queuing to buy RM 0.075... Why, they could have bought at RM 0.07 last two weeks easily, why spend more..
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Two weeks ago Malaysia was not in CMCO, this CMCO going to be extended maybe two or three times easily. Covid numbers only going up. All glove counters have risen a bit, as a result.

Vaccine will be 2021, if we are lucky, but by the time the vaccine is actually available to all people in all countries maybe 2022 -23.

Large rubber glove manufactures report full capacity until end of 2021 and long term only a growing market segment.

If AT really pulls this off and becomes a glove counter and say in Q1 or Q2 2021 reports good sales, even if you bought in at 0.20 you should still hang in there and make money.

However at moment people bought into a loss making engineering company....need to wait to see if AT can turn themselves around.

I don't understand why each PP should be lower than the first ? I would have thought the first PP would get the best price and any subsequent PP would need to be at a higher price. I mean how annoyed would you be if you just bought 200,0000,000 shares and next week some one got an even better deal ?

The directors personally bought shares at 0.080 and the pp was done at 0.072. Rubber gloves are going to be in so much demand well into 2021 - 2022.

rights issue 0.072

AT are in the process of setting up one glove factory, they had a big hiring day, there are workers fitting out the inside of the new factory now with glove dipping lines. If you made the decision to become a glove company your not going to stop with just one factory, so in my mind and its just my opinion, they will definitely complete on PGSB.

THERE WILL BE NO OVERSUPPLY OF MEDICAL GLOVES IN NEXT THREE YEARS
'Hartalega Holdings Bhd does not foresee any oversupply scenario of medical gloves in the next three years, despite the development of a vaccine to combat the Covid-19 pandemic. Though the number of people affected by Covid-19 is only three per cent of the world's population, the consumption of medical gloves has been growing tremendously over the past few months since the pandemic outbreak, which the company estimated to be around 130 billion to date. Demand will still persist as the Standard Operating Procedures (SOP) in treating patients affected by Covid-19 has changed......' new straits times 16/09/2020

PP is on going...

So many people down on this counter, but so far AT have been doing what they said they would. They have also produced there first test glove, they are definitely looking to hire people. If everything goes to plan most of the installation works will be done by late November and AT will then really be a glove counter but will the share price still be under 0.10 ?

@stockiss did you go to the EGM and did AT really share those photos that lagenda shared of the plant ?

There was an AGM coming up can anyone remember the date ?

We could all sell today, 4 weeks later the share price could be 0.20.
AT are making good efforts to go into rubber gloves, that is a fact. The company has been trading for many many years ...its not going anywhere.

These released newspaper articles are done to create fear...AT probably very happy for the shares to drop during PP.

PGSB have all the rubber glove approvals and international certifications already in place, so it will bring AT's gloves to the market quicker than any other new company coming into the market who has to get those approvals on top of everything else.

Its to late for AT to turn round now and say, we are not becoming a rubber glove company, shareholders voted yes only last week and the directors told the shareholders to vote yes.

@menort the answer to you question is in your own link

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3085902

So today approval for diversification was granted, a good day for AT shareholders, however no real surprise. It also seems like their were only 32 shareholders there, actually would have been a good opportunity to speak one to one with the directors.

Assuming everything proceeds as planned share price can only go up now. Whilst their is so much negativity being pumped into internet forums.... so far AT are doing exactly what they said they would.

AT have not bought Aemhb instead of Pearl Glove. Aemhb was 15 million and does not require any further capital expenditure. Pearl glove is 22 million and then AT will need to add further glove lines and plant and machinery costing 180 million, so shareholders definitely need to vote on that.
https://www.nst.com.my/business/2020/06/604324/systemization-spend-rm180mil-expand-newly-bought-pearl-gloves-output

www.buzzingmalaysia.com/single-post/2020/07/09/AT-SYSTEMATIZATION-COULD-TRADE-HIGHER-AT-RM100

AT produced a circular on why AT should go into rubber gloves its 53 pages long, but here are my key take aways

(i) the PP will be done in several tranches.

(ii)BOARD’S RECOMMENDATION
The Board, having considered the current and prospective financial position, needs and capacity
of the Group, and after careful deliberation as well as taking into consideration the rationale,
utilisation of proceeds, risk factors and all other aspects of the Proposals, is of the opinion that
the Proposals are in the best interests of the Company.
Accordingly, the Board recommends that you vote in favour of the resolutions pertaining to the
Proposals to be tabled at the forthcoming EGM.