Perhaps they sold forward too early. Its unfortunate. It is just unacceptable.

HrryPttr .. you seem intelligent. On what basis would it be valued at RM3.50?

PE 9 only

https://www.channelnewsasia.com/news/singapore/monkeypox-case-imported-singapore-moh-11518664#.YJ46ZwyiZsv.whatsapp

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ASIA POLY HOLDINGS BERHAD ("ASIA POLY" or "the Company") ACQUISITION OF SHARES IN KARYON INDUSTRIES BERHAD

ASIA POLY HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description ASIA POLY HOLDINGS BERHAD ("ASIA POLY" or "the Company")
ACQUISITION OF SHARES IN KARYON INDUSTRIES BERHAD
The Board of Directors of Asia Poly wishes to announce that the wholly-owned subsidiary, Asia Poly Ventures Sdn. Bhd. has acquired quoted securities, 31,900,000 Ordinary Shares of Karyon Industries Berhad (“Karyon”), which represent 6.71% of the voting shares of Karyon during the period from 5 May 2021 to 11 May 2021. The aggregate purchase consideration as at 11 May 2021 amounting to RM8,485,429.30 (hereinafter referred to as the “Acquisition”).



Please refer to the attachment for further details of the Acquisition.



This announcement is dated 11 May 2021.

Share buy back.

OTHERS DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS

ASIA POLY HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET
LISTING REQUIREMENTS
Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Asia Poly Holdings Berhad (“ASIAPOLY”) wishes to inform that the aggregate purchase consideration of quoted securities for the preceding twelve (12) months, which has not been announced has exceeded 5% of ASIAPOLY’s audited consolidated net assets as at 31 December 2020, details of which are shown in Table below:-



Transactions

RM

% of ASIAPOLY’s audited consolidated net assets as at 31 December 2020

Aggregate purchase consideration within the preceding twelve (12) months

- 20/2/2021 to 6/5/2021

- 7/5/2021





6,877,659.04

2,162,674.33





4.75

1.50



Total

9,040,333.37

6.25



As at 7 May 2021, the all investments in quoted securities held by ASIAPOLY are set out below:-



Total cost

RM34,869,578

Book value

RM37,546,384

Market Value

RM37,546,384



This announcement is dated 7 May 2021.

Cashflow is strong, diversified into renewable energy with acquisition of Dolphin, healthcare and EV copper wires through Tawin .

Yes. It is making the protective shield used by many government dept and restaurants.

wongck ..you are right. Books wise, Asiaply is stronger. Asiaply is also in the midst of applying for IATF cert to use its acrylics for automobile. EVs are shifting from glass to acrylics - cold extruded because it is clearer and Asiaply is the second largest in ASEAN for this type of acrylics.
New expansion capacity ready by June.
Asiaply is no longer a advertisment board acrylics company. It's acrylics sought after by solar panels as well.
Cannot meet demand currently. Last opportunity to accumulate .

The BDI has risen from 450 points to 3000 points since last year. However, the price of Maybulk which its business is closely related to the BDI has only increased from RM0.25 to 0.71... The revenues has definitely increased.

No reason to worry. It is a rare opportunity to collect. Cashflow remains strong and factories in Ipoh and Songkhla in full capacity. no signs of slowing down in glove manufacturing.
Formers needs to be replaced every 40000 cycles.. averagely 2 years.
Its a recurring business.. just like Buffet's gillette shaver

I also follow you sold at 0.38.

Thank you Aaron_tan. You are the greatest !

Thanks

Reached max capacity in Jan-March, results for Qtr 1 will reflect. Price not factored in fairly yet

I have observed the price moving up and down 0.345-0.385 for a few rounds lately, should be a strong and easy push to 0.7 if it breaks 0.43

Factory production capacity increase expected to complete in June. Currently running with full capacity.
As to the second factory building, still prnding updates from management. Seem quiet so far but director buying in..
Hope the will announce something on IATF registration soon. IATF an international Automotive Certification for automotive parts in order to qualify to sell their plexi extruded clear glass to automotive industry. Currently huge shortage of such materials and Asiaply’s cold extruded acrylics are very highly demanded in Solar panels and EVs.
EV designs are quickly changing to carbon fibres to repllace metals and acrylics to replace glass so as to reduce weight. A reduction of weight will greatly reduce the load and thereby allows the batteries to last longer.
Meanwhile, we the director’s stake in Tawin, and a jv with Asiapoly Cyprium( subsi of Tawin) .. major supplier of copper wiring for Automotive industry and recently received the approval from an US listed EV related company, there should be exciting news.
Asiapoly has exercised the rights at 0.41 .. while Tawin still awaiting announcement on the price of its rights..
Going forward, Asiapoly has started to be profitable aftrr restructuring few years back, acquired Dolphin waste energy with profits..
Asiapoly has cash on hand and production in full swing, will be exciting.

Per capita glove annual consumption USA 17 pieces, China 3 pieces. How can TG lick the floor?

unlikely. accumulation still ongoing. Looks like it will test the 1.00 mark again. Nevertheless, the ffb production remains very high and this can easily be translated into very good profits for upcoming quarters as well.

The rights was exercised at 0.41 last year if my records are correct.

This type of pattern is very stable and more or less the base is 0.35..

Hope next week can see Asiaply cross 0.40

this week was the second time Asiaply hit 0.345 and rebounded. Today's rebound was quite strong.

How much more preference shares are there? A bit concerned.

Can.

The programmed selling is just another portfolio restructuring exercise. It was the same with TSH massive selling by EPF earlier and many other counters.
But one should also take note that there is ample support to absorb the sell down.
Daily charter rates are on the uptrend and business remains profitable. Excluding the impairments, Maybulk has recorded its first operating quarter profit after many loss making quarters on the back of better charter rates.
Most of its fleet of 12 carriers are relatively you g and thus lvery low maintenance.
It has pared down much of its bank borrowings.
The quarters going forward should see continuos profitability.
Personally, I think prices should correct a little as it has come up from 0.47 but it should continue to be on the uptrend based on fundamentals

Its net loss due to impairments which is the nature of such a business. Every few years the ships need to be revalued and impairment incurred die to disposals etc.

In term business, it made an operating profit .. the current spike in charter rates should be good for coming quarters..

There is currently a shortage of bulk carriers as the wheat and soy harvesting season has started and the Autraliasia basin routes are busy.

My concern is the price they intend to set for the price for rights issue. As of now, I have not seen any announcement or indication from the management. If it is a reasonable and fair price, I think its ok to put in money for the longer term prospect.


On the other note, it will be great if more public listed companies can emulate TopGlove in their investor relation and transparency

Same tsunami phenomenon happened to hlove counters between March - August last year. The gloves play started in September till Nov..

Not only TSH, even IOICorp, SimePlt also.. main thing is because shortage of workers. The Palm mill and estate pwners associations have lobbied with the govt to allow immediate foreign labour entry.
The Govt is expected to make the announcement very soon. The govt is collecting total total cess in excess of RM30 per tonne .. translate to billions of ringgit. It is also in the interest of our cash strapped economy and govt coffers .
Once the announcement to allow foreign labour to come in is made, we should see some movements
Having said that 90% of TSH plantation is in Indonesia. Last 3 months all plantation yields have been affected by floods. So, we can expect January yield to start improving...

Gloves counters are oversold but demand remains resilient . Current orders are for shipment July/Aug.
ASP is trending down BUT for MahSing, instead of putting the hige reserves in FD, even a slight profit from gloves will be a significant profit contribution.
Enroute to listing their plastic division ... will be able to unlock its value. Below RM1 currently, it is quite a diversified option .

If you take a longer term view, copper is an essential item for many consumer items, cars, construction, electronics.. after going through restructuring recently, Tawin should be profitable from this quarter onwards.
Current copper prices expected to remain high.. vis a vis increasing demand for electric cars, at least

https://www.copper.org/publications/pub_list/pdf/A6191-ElectricVehicles-Factsheet.pdf

Per capita glove consumption USA 70 per annum
Per capita glove consumption China 3 per annum

It is only a start of the economic recovery.. this time it is from a pandemic..meaning supplies /raw materials/food need to be replenished. If we play this game right and luck is with us, the charter rates will at least maintain at this level.
After the steel and coal, the soy and corn and wheat will be needed too.
Those who read the recent quarterly reports correctly and ignored the non cash/non operating should be smiling now... good on you , Guys

Plexi Glass is stronger than glass and more light shine thru

https://www.acmeplastics.com/plexiglass-windows
Asia poly’s American competitor

When everyone chasing the solar play, electric car batteries, chips and semicon to make elctric cars, why not we work towards the windows, the solar panel covers . US market for Asiaply is increasing as per last qtr report.

Asiaply has been profitable for the last 5 qtrs.. cash reserve rm72 mio, private placement at 0.41

Per Capita annual glove consumption USA: 90
Per Capita annual glove consumption China: 3

It is better in the longer run that Asiaply has full control of the second plant as compared to taking a 30% in another factory. The current PE is only 15.
Asiaply has exposure to healthcare and copper wiring through Tawin, renewable energy and Cold extrusion acrylic which is very sought after due to its higher clarity and better light penetration in solar panels.
Its a good opportunity to accumulate more. Last quarter results cash position increased to RM 70mio

Whts the reason for the delayed quarterly results?

At 0.48, and at a time when the commodities are in demand. This is a good timing

Reading Financial reports are based on historical operations happened 2-5 months ago. However, as investors and to make or avoid losing monies, we should look into the business as a whole assuming the management is professionally run.

Michael, any insights into solar panel acrylics?

Its impairment. No problem. Business still running

Price adjusting on its way up is quite expected.

That is very good advice. Thanks Derrick

Anything is possible