According toDayo Yeo, given that both of Asia Poly’s production lines are currently running at full capacity, the group plans to add a third production line by June 2021.

The third production line, which is expected to run at full capacity in September 2021, will effectively increase Asia Poly’s manufacturing capacity to 1,600 tonnes per month.

It is interesting to note that the third production line will be a versatile one, with the ability to manufacture thicker acrylic sheets of up to 105mm.

Should be in November

Yesterday announcement, Dato Yeo disposed 5 millions shares off market @ RM0.53. I don’t know sold to whom. If someone is buying at 0.53, that means the price can go up way higher than the price, isn’t it?

Some one did the calculations for reference!

"In the press briefing by Dato Yeo, the CEO, we got to know.. June/July Avg selling price is $2700 per tonne of acrylic. And cost of MMA is $1330 per tonne. Understood previously that MMA constitute roughly of 70% of costs...

From June, ASIAPLY is running at full capacity of 800 tonnes a month. This means:

$2700 (avg selling price) - $1330 (MMA cost) - $570 (other operating costs) = $800 profit per tonne...

$800 x 800 tonnes x 3 months x USDMYR 4.2 = RM8m profit in Q3."

Is this the reason the stock rebounded strongly yesterday?!

I believe most of the people didn’t expect today it went so low and caused panic selling. Also didn’t expect it rebound so fast. The lowest 31 sen and rebound to 50sen. The difference is almost 20 sen. So scary. It also indicates there were big players created the scenario to scare off those weak investors. A good lesson to all of us!
Anyway, this is a good company, hopefully after this round of corrections, it will spike greater heights!

When market down, everyone get panic and pessimistic. Who knows after one or two months you come back and look at this counter, it is already RM1 and above. Just like top gloves and supermax , there were also experienced few round of corrections to reach this high. Definitely a lot investors bang ball and felt regrets not to hold them a bit longer.
So the main issue is whether the company is a solid company or just a “ notion” or “ draw pictures “ company. Continue to hold or sell, you decide!

Its orders line up till next year

Today overall market dropped especially covid related counters. All this counters have been spiked high and limit up again and again. It is a good pullback and correction for further up and prepare for 2nd wave spike. At the same time also phased out those contra or weak players.
Asia poly is a strong counter, with its orders line up till next week and renewable energy begins to contribute at least 1/2 million per quarter or 2 millions per annum. Moreover, there are rental and food business income as well.
I believe the coming quarter will be much better and stronger

Tek Seng is in the correction mood for quite some days! It is about its turn to spike!
Supermax just announced its quarter results and it is terribly good, net profit RM408 millions! I believe tomorrow morning gloves counters will take the lead and pull up all covid related counters especially Tek Seng! Hold tight!

Today this counter retraced mainly because overall gloves and covid related counters in the correction mood. Supermax just announced its quarter results and it is terribly good, net profit RM408 millions! I believe tomorrow morning gloves counters will take the lead and pull up all covid related counters especially Asia poly!

BlackDevil99 Maybe another limit up counter. No surprise if you see other less potential and less profitable counters limit up several times

Before that we complained the owners do not know how to make publicity to make known to all about the strength of this counter. Luckily yesterday there were press conference and I believe a lot of investors will move in tomorrow Monday!
Without publicity, the shares already spiked so much. What happen after the press conference? you guess the price!

Gold mine discovered in Pahang in 2016 and was made known in the paper. I believe private placement is for somebody influential and can help the gold business both excavation and development.State land is under the jurisdiction of state government , without the help from the authorities, it is not easy to move. I guess!
Don’t you all think so?

Asia poly is a solid company, involves not only in the most saleable Acrylic products worldwide , running full force and the orders till next year February, factory expansion capacity increase 100% to 1600 tonnes per month;also involves in renewable energy, expect to contribute RM 2 millions profit annually beginning forth quarter , food industry , factory rental etc.
Where you get such a covid related counter in Bursa only at 54 sen?
Don’t you think RM1 still cheap?

With the Star paper interviewed the Executive Chairman Dato Yeo today, it was so well presented and impressive with its potential grow,definitely will attract a lot of investors flux in coming Monday. This is the only listed company doing acrylic products and fast expanding. Frankly speaking,compared to other Covid related companies which is less potential but price limit up several times, I strongly believe Asia poly will follow soon. Hold tight! RM 1 is coming soon!

2016 article carried News on Bornoil on gold !
https://www.theedgemarkets.com/article/trade-wise-gold-stocks-ride-precious-metals-bull-market

Shark88
1)Virus will be forever with us, this is new norm and we hv to learn to live with virus irrespective of there is vaccine. Virus will mutate and need new vaccine from time to time
2) World economy and political crisis is not only caused by covid, also because of US-China trade war ,Us elections, racial and religious conflict etc
3) As what rightly said by @str4der , irrespective of whether gold price is at usd 1500, 2500, 3000 or 4000, gold is a natural limited resources , it cannot be manufactured or mass production, it is a precious mineral that needed by whole world, the profit margin is very high if the gold content is high
4) The discovery of gold in Pahang is further confirmed by geologists and Bornoil takes abt 4 years to prepare for the excavation. The timing is perfect!

btuscy not to mention usd 10K, if it can reach usd 3500 to 4000 already make Bornoil jumps sky high

US 10000 is forecasted by Dan Oliver, founder of Myrmikan Capital....

Referring to numbers of Gold price trending analysts , gold price will continue uptrend to hit US 2500, 3000 and..even10000....Bornoil is at its very right timing now ! It will boast it’s profit to historical high. Just hold tight. Shareholders will be rewarded handsomely

Published on Jun 24, 2020
The Federal Reserve’s balance sheet is at risk of devaluation, and should the underlying assets fail, gold will respond by “rising to a price that balances the Fed’s balance sheet,” said Dan Oliver, founder of Myrmikan Capital.

“The Fed, as you know, has been on a massive purchasing spree because of the virus situation, and so therefore the equilibrium price of gold is going up commensurately, and so the numbers now to balance that balance sheet are enormously high,” he said. “My [forecast for gold prices] has changed. I’m at $10,000 now.”

Don’t worry, this is a very good and profitable covid related company. If you see other similar counters, already spike and limit up several times . Big players is pushing up and down to collect from those small unsustainable players. Once it up, you can’t get back this price. Next week show might begin! Hold tight!

I hv been sharing the gold mining factor in this group very earlier on when everybody is pessimistic. Gold price now shot up to historical high, same with the shares price

Those who have been long enough with Bornoil will know the characters of this counter. Once it moves, it will move very high up. 7 sen now is just the beginning. First tp will be 15 sen.

Sooner there will be no more less than RM1 counters that manufacture covid related products in Bursa. Hold tight,the return will be much much better than you save in the bank

Asia poly is manufacturing covid related acrylic products! from a losing company to a profitable company, will be much better next quarter!
Es ceramics goes from 30+ sen to RM1.80+limit up with profit RM800K.
Don’t panic to sell. Big player might take the opportunity start to collect in the morning and push up in the afternoon and further limit up in the next few weeks. Every thing is possible! As long as the company is doing well!

All covid related counters spike high. Tomorrow Tek Seng will go for another high level. Hold tight!

All are positive comments! Tomorrow fly !

Tek Seng is the covid benefitted company. 3rd qr will be very much better results. I believe the company will be running in full capacity not only till August, it will be till next year amidst the possible 2nd wave covid pandemic and compulsory masks wearing! Just hold tight, much much better than you put in the bank with low interest!

Orlando @ Come on ! Tek Seng didn’t do masks. It engaged in manufacturing masks related raw materials and trading of polyvinyl chloride (PVC) sheeting, parts for industrial and consumer use; PP Non-Woven segment, which manufactures and trades of PP Non-Woven related products; PVC Leather segment, which undertakes trading of PVC leather related products, and Solar segment, which earns major revenue is engaged in the manufacturing and trading of solar related products. It is involved in the manufacturing and trading of PVC related and non-woven related products, the manufacturing, designing, exporting, importing and sales of photovoltaic products, solar cells, solar panels, solar modules and solar-related products and the letting of properties.

Today 1/8, everybody wearing masks! You can imagine how big is the materials consumption ! During MCO, everybody staying at home, no need to wear masks. But now is mandatory!
You can see the difference.

https://www.thestar.com.my/business/business-news/2020/07/31/tek-seng-posts-rm654mil-earnings-in-second-quarter

https://www.thestar.com.my/Business/Marketwatch/Stocks?qcounter=TEKSENG

No other counters can do well except covid prevention products! Study properly， buy and hold. Don’t be swayed by some big players , they are the one causing panic to sell down and collect again. They are just syndicate to make money from creating up and down! Hold tight!

Covid will be living together with human beings, it is new norm. Irrespective of whether US down jone falls few thousand points or bursa index falls few hundreds points, or whether it is election that cause uncertainty, covid will be there and the most saleable products is acrylic products, apart from gloves and masks! So , I say, why worry, this counter is a recession proof, political uncertainty proof....

Irrespective of whether down jone falls few thousand points or bursa index falls few hundreds points, or whether it is election that cause uncertainty, covid will be there and the most saleable products is masks ! Tek Seng is a recession proof, political uncertainty proof....

No choice! Covid will be living together with human beings ! Apart from gloves, face masks is a must to all human beings! this is the only effective way to contain covid. No more locked down city or country, as this will seriously dampen the economy in the country !
What counter will perpetuate in this very turbulence and difficult time? Definitely Tek Seng is the counter that will be benefitted most!

From today market at first dropped 20 over points, this counter steadily closed There is no big players purposely pressed down the price to create chaos and panic selling. The support is strong and well absorbed. I think Monday begins to challenge 0.48 level. This counter seems well handle

I believe short term to Mid term TP: RM1.20. Will reach RM2 if the next quarters results is amazing.After panic selling, this three days holidays will enable more investors to study the financial report, Monday will be on uptrend

Why getting so panic ?The company is from a losing company to a very profitable company and the next qr will be very good especially the government mandatory enforced wearing masks fr August 1st onwards!

Hoping those with good knowledge share your information here to act as guide to the investors. Don’t simply put negative or exaggerate comments which might mislead others

Thanks aarontan1987 . At time when the counter ding dong for quite some time, spike high or go down ,feel like taking profit and let go . After reading your analysis, feel confident and keep the shares till now. Luckily didn’t sell, otherwise bang ball, ha ha!

Strong buying break the small cap. Heading towards 0.48 end of the day and 0.50 tomorrow last trading day for Haji festivals

Gap in WA & PA ! Worth buying as compare to mother shares

Most of the people cautious abt the recent spike of the shares market. To me, I look at the counters with solid financial status, with tangible factory and production, popular products, track records etc.

Refer to the recent announced gloves counters profit, definitely you can guess how good is Asia poly profit. 70% export and 24 hours full run production coupled with forex gains, and the orders fully pack till year end and further to next year due to covid pandemic getting serious overseas!
Coming quarter results cover from April to June, next quarter will be from July to September. The insiders should know the company performance better.

From the trend I observed, the uptrend movement is steady and with volume support. It is quite different from other speculative counters which move up and down very fast with no basis. I predict it will cross RM0.50 b4 AGM, and further break RM0.60 after qr results out and spike further to RM0.70 and above thereafter The market talk on RM7 millions profit this quarter maybe true. I presume next qr will be much better!

Bornoil is a public listed company. it is stated in the report that 187 hectares gold mining projects in Bukit Ibam, Pahang is on its way of exploration and production It is clearly stated in 2019 reports. The Management has yet to announce the latest outcome of the projects. Bear in mind the major shareholder Hap Seng & Tan Sri Lau is not a small player in the market. They are reputable with proven records. I wouldn’t be surprised if there are sudden announcement on the progress of the gold mining, the counter will fly high.
If you study Bornoil , it has its history of shares movement. Once move, it will go very fast. You don’t hv time to catch.

aarontan1987 possible!

Founder himself keep buying from the open market instead of cash out. It shows the boss has high confidence on the company performance and coming qr results