Still Holding......

Tawin is providing copper cabling to electric car manufacturers. Tesla made a visit to KL just recently.

New factories quadrupling production, biogas plant in Kelantan operational, just won an e-bidding exercise to develop a, 'small hydro power plant with a total capacity of 10.0 MW in Jerantut, Pahang with a basic FiT rate of RM0.2435 per kilowatt-hour.' Seems pretty good ?

Still Holding...

Still here still holding both Asiaply & Tawin

He averaged down, initially he bought quite high, I lost track of his average maybe now in the range of 0.25 - 0.32

I feel sentiment has changed, pushing 0.045 last week.

Still holding ...

So what your saying is there are external factors that will effect every business, not just asiapoly

Still Holding....

@Dingdongbell I held through both of the recent spikes to 0.19. My gut feeling is it wont go down to less than 0.135 now. With Covid/ War etc and still holding around 0.145 mark, I am hoping we have established strong support at this level.

Still Holding ....

i3lurker ...lol

With all the contracts they have and the current price of oil, wont be long before some restructuring occurs and they turn it around. A lot of other Oil & Gas counters had significant losses, but were able to turn it around even when the price of oil was well below 70 dollars a barrel.

A market value of RM24,700,000.00 was established by reference to the valuation report from an independent registered valuer dated 16 December 2021. The land area comprises 4.5 acres so approximately (RM124 per sq ft).

They indicated earlier that they required somewhere in the region of sens 0.16 to make a PP viable.

Still holding ....

@Benny if you bought really high....just do nothing and hold.

They were upgrading there existing facility to provide additional production lines. Dato is quite cautious he would not be seeking to over quadruple his production facility speculatively.... Watch this space ...

disappointing, but not unexpected due to the effects of covid.

Plus points are look at the profit from the Biogas Plant,

'The Renewable Energy segment contributed revenue of RM5.917 million during the period under review as compared to RM1.353 million recorded in the corresponding cumulative period 2020. The increase in revenue was mainly due to the biogas plant for billings of sale of electricity to TNB.'

Plus they have confirmed that, ' Our 3rd production line construction is expected to be ready by end of March 2022. The 3rd production capability especially in production of thicker acrylic sheets and to achieve greater cost efficiency. Globally, moving forward to endermic stage, the labour and logistic issue will be greatly improved.The Management is confident that, there will still be strong growth after this pandemic period.'

@Benny they just bought a factory that will quadruple their current production level!

@whistlebower99

Asiapoly formed a company with Tawin. ' The Board of Directors of Asia Poly wishes to announce that the Company via its wholly-owned subsidiary, Asia Poly EV Tech Sdn Bhd (“APEVTSB”) had on 15 March 2021 together with Cyprium Wire Technology Sdn Bhd (a subsidiary of Ta Win Holdings Berhad) formed a new company known as Cyprium Asiapoly EV Sdn Bhd (“CAESB”)'

Asia Poly have also just bought a factory that will allow them to quadruple there production.

Asiaply cash position is also very healthy.

Everyone is entitled to voice their own opinion and it is good to have those who hold opposing views in the forum. For me I will still hold Tawin, nodoubt there will be some retracement after the peak, but that is normal. Will we break sens 0.20 this week ?????

Tawin Quarterly results in https://klse.i3investor.com/financial/QoQ/quarter/7097/31-Dec-2021_1986046513.jsp

I am holding...

@Faiza current factory can produce 800 tones.

https://www.theedgemarkets.com/article/asia-poly-buys-keng-imports-exports-rm24m.

Going to break sens 0.20 ?????

Yes Genetec was a bit of a reach ....lol. But once Asiaply new factory is producing 4 time their existing volume and we start to see that profit, asiaply share value will undoubtedly increase.

This is an old comment that I posted on the asiaply chat and I am just copying and pasting.

-----------------------------------------------------------------
Oct 5, 2021 11:50 AM

Asiapoly made this announcement on the 17 March 2021. Please read the last line.

'The Board of Directors of Asia Poly wishes to announce that the Company via its wholly-owned subsidiary, Asia Poly EV Tech Sdn Bhd (“APEVTSB”) had on 15 March 2021 together with Cyprium Wire Technology Sdn Bhd (a subsidiary of Ta Win Holdings Berhad) formed a new company known as Cyprium Asiapoly EV Sdn Bhd (“CAESB”) under the Companies Act 2016 with the principal activities of manufacturing and distribution of power and signal distribution system, high tension cable, battery cable and any other automotive parts or components for automobile and electric vehicles using patented cross-linking/ionizing radiation treatment which utilises electron beam irradiation technology as well as cast acrylic products for the automotive industry. '

Asiaply in 2020 were looking for a new factory to double their production capacity from 800 tonnes to 1600 tonnes. In the end they landed up buying a site which will permit them to go up to 3200 tonnes!

In a historic press article Dato said they have a purchaser in mind, but back then they were just trying to satisfy the buyer that Asiaply could produce the quantity and quality they needed.

Asiapoly are the only company on bursa that produce acrylic by a cold manufacturing process that provides better visual acuity than glass and of course its much lighter which is important for electric cars / battery life.

People also forget Asiaply is going to do well this year as they have the recurring income from their Biogas plant in Kelantan, this is now fully functional and they have a deal to supply power to Tenaga Nasional for 21 years at a feed-in-tariff rate of up to 38.3 sen per k/Wh. So we should see some profits from that plant in 2022.

This is one of my old comments I am just copying and pasting.

-----------------------------------------------------------------
Oct 5, 2021 11:50 AM

Asiapoly made this announcement on the 17 March 2021. Please read the last line.

'The Board of Directors of Asia Poly wishes to announce that the Company via its wholly-owned subsidiary, Asia Poly EV Tech Sdn Bhd (“APEVTSB”) had on 15 March 2021 together with Cyprium Wire Technology Sdn Bhd (a subsidiary of Ta Win Holdings Berhad) formed a new company known as Cyprium Asiapoly EV Sdn Bhd (“CAESB”) under the Companies Act 2016 with the principal activities of manufacturing and distribution of power and signal distribution system, high tension cable, battery cable and any other automotive parts or components for automobile and electric vehicles using patented cross-linking/ionizing radiation treatment which utilises electron beam irradiation technology as well as cast acrylic products for the automotive industry. '

The synergy between TaWin & Asiaply makes good sense. Been well documented in the historic chat.

Still holding...I am also expecting improvement in Tawin as asiaply has just bought more shares.

With the contracts they have and the brent oil price, they will be able to restructure. Even shell made a loss of $21.5 B in 2020.Shell sold off some assets / restructured and now the share price more than doubled. Oil & Gas is going to be a vibrant market over the next few years as supply is limited and demand will only increase as the world swings back into gear as covid dissipates.

It wont be long before they have restructured and are turning a profit in this current environment.

will be breaking sens 0.20 in the near future.

If you held for 3 years from now maybe you get something incredible

https://www.freemalaysiatoday.com/category/business/local-business/2022/02/09/malaysia-copper-company-prepares-for-southeast-asia-ev-boom/

Plexiglas as a barrier for covid was the key that opened the door for asiaply to become better known abroad. The bulk of their product will land up in electric cars and some solar panels. Both of these avenues have plenty of long term demand for asiaply.

baring in mind the contracts they have won and the current oil price....wont be long before we see some positive news and a corresponding uplift in share value.

Good Stock, Lousy Market...Gong-Xi-Fa-Cai

@sniper retired ...

DATO' YEO BOON LEONG, acquiring heavily again...

i3lurker ...spreading your own brand of negativity again!...Its Monday Morning give everyone a break....lol

@kpmg003 They already have an end purchaser in mind, they just needed to satisfy them that they could produce the quantity and quality.
Asiaply are the only company listed on bursa that uses a cold manufacturing process, this process permits the production of much higher
grade acrylic sheets with superior visual acuity, as apposed to glass. Now with this expansion in play they should be able to satisfy the demand side. About 2 years ago they were only looking to double production, with this acquisition they will be able to quadruple production.

A market value of RM24,700,000.00 was established by reference to the valuation report from an independent registered valuer dated 16 December 2021. The land area comprises 4.5 acres so approximately (RM124 per sq ft).

Does that seem over priced ? Remember they did not just buy the land they bought KIESB the company lock stock and barrel, who happened to own the land.

To value the land on its own we need to know if it was freehold or leasehold and the remainder of the unexpired term without that information you guys are just pluck figures out of thin air.


RATIONALE FOR THE ACQUISITION
The Property is strategically located approximately 800 meters from the Group’s existing acrylic manufacturing plant in Meru, Klang. The acquisition will allow the Group to expand its production capacity
up to 3,200MT per month to meet the growing demand from overseas customers especially from US and Middle East. The acquisition will expect to contribute positively to the Group’s future earnings.

So after looking for land for several years and not finding anything suitable, they managed to buy something right on there doorstep which allows them to increase there current production by 4 times !!

Great move !!

Even if we jump up to sens 0.70 I am not going to sell. I want to see asiaply additional production capacity start to deliver. Whether we jump up or down a few sens here or there on a daily basis I do not worry.

@somacruz89 yep..it will happen, just a matter of time......

Asiaply bought the company to get the site / land. They had been looking for 2 years plus. It was a good move as it is so close to their existing site and will allow them to quadruple their current production capacity. Still holding.....

@i3 lurker thanks for the update...nodoubt we will all panic and sell!..lol

Good volume 0.18 ...will we test sens 0.20?????