ASIA POLY HOLDINGS BHD

KLSE (MYR): ASIAPLY (0105)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.11

Today's Change

0.00 (0.00%)

Day's Change

0.105 - 0.12

Trading Volume

8,889,100


9 people like this.

6,895 comment(s). Last comment by skytaxi 6 days ago

Posted by fluffyclouds > 2022-06-20 10:06 | Report Abuse

@Benny the announcement was made by asiaply on the 15th of June 2022. I am just sharing the information.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2022-06-20 13:48 | Report Abuse

And yet today still drop...
11 cents

Possible 10 cent and below?

arlaxeat

45 posts

Posted by arlaxeat > 2022-06-20 14:00 | Report Abuse

possible, market damn weak & bad, big funders disposed drastically

Posted by fluffyclouds > 2022-06-21 08:05 | Report Abuse

@HamsterHuat, no announcement is going to make a difference in the current market, but just shows that asiaply is quietly doing good business in the background.

Posted by fluffyclouds > 2022-06-22 20:14 | Report Abuse

it's not about timing the market, but about time in the market.....

ajeng37

77 posts

Posted by ajeng37 > 2022-06-23 08:57 | Report Abuse

Waiting at 0.07…next week

Posted by fluffyclouds > 2022-06-23 23:01 | Report Abuse

waiting RM1 in 2025

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-07-01 15:40 |

Post removed.Why?

Posted by SomaCruz89 > 2022-07-04 09:52 | Report Abuse

Benny forgotten to jump from 14th floor

Posted by fluffyclouds > 2022-07-12 14:25 | Report Abuse

Share price on downward trend, but that is the current market. Falling all due to external factors. Asiaply quitely building new factories that will quadruple their production. Asiaply looking like a bargain @ RM0.10???.....I think so. Still holding.

Posted by SomaCruz89 > 2022-07-13 14:32 | Report Abuse

Just DCA at 0.1. Hope to get 3x gain in 2 years time!

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-07-15 16:34 |

Post removed.Why?

Posted by SomaCruz89 > 2022-07-15 18:26 | Report Abuse

benny when 14th floor?

Posted by fluffyclouds > 2022-08-13 01:31 | Report Abuse

Now 0.12 ...Still holding

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-08-13 01:59 |

Post removed.Why?

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-08-16 17:42 |

Post removed.Why?

Posted by SomaCruz89 > 2022-08-16 18:36 | Report Abuse

Benny still holding your rotten lan-jiao? Why not cut-loss and feed fishes?

Posted by fluffyclouds > 2022-08-17 07:44 | Report Abuse

Asiaply is fitting out a factory that will permit them to quadruple their current level of production. Asiaply are fairly conservative they did not do that without an end purchaser in mind. They will also have the additional income now being fed in from the biogas plant. The wider external factor, e.g. Russian / Ukraine war, inflation, Covid, impending elections etc. Plus the supply delivery challenges have effected all markets across the world, nobody could have anticipated all those factors. I am still confident in asiaply, but expect to have to wait through the current market turbulence. So I am holding.

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-08-18 08:59 |

Post removed.Why?

arlaxeat

45 posts

Posted by arlaxeat > 2022-08-18 09:21 | Report Abuse

benny lose damn 9 alot in this counter?

Posted by fluffyclouds > 2022-08-18 14:03 | Report Abuse

Benny, how quickly you think all this good stuff is going to happen ?

ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "THE COMPANY") SHARE SALE AGREEMENT - ACQUISITION OF EQUITY INTEREST IN KENG IMPORTS & EXPORTS SDN. BHD. [197501003872 (25561-P)]
We refer to the Company’s announcements dated 13 January 2022 and 19 January 2022 in relation to the Acquisition of Equity interest in Keng Imports & Exports Sdn. Bhd. [197501003872 (25561-P)]("Acquisition").



The Board of Directors of ASIA POLY wishes to announce that the Company had on 23 May 2022, received a confirmation from the Company's solicitors that the Acquisition has been duly completed on 23 May 2022.

So new factory legals only completed 3 months ago....still going to need time to purchase, fit out and build new infra.

Posted by SomaCruz89 > 2022-08-18 18:42 | Report Abuse

Still waiting Benny cut-loss his rotten lan-jiao and feed it to fishes

Harry

1,310 posts

Posted by Harry > 2022-08-26 18:09 | Report Abuse

Lol loss money again

Harry

1,310 posts

Posted by Harry > 2022-08-26 18:10 | Report Abuse

The boss dump all at 60 cent in 2020 haha

Posted by fluffyclouds > 2 months ago | Report Abuse

Still holding.

Harry

1,310 posts

Posted by Harry > 2 months ago | Report Abuse

Lol. Prepare hold for 2-3 years. Boss
Sure push again when need money lol
But push back to 0.4. Sorry lar. Not fundamentally enough

Posted by fluffyclouds > 2 months ago | Report Abuse

Yes definitely 2 - 3 years, but market will see how. Thing is not to constantly watch the share price and stress.

Posted by chienweilim8139 > 1 month ago | Report Abuse

what is next target price to wait ?

Posted by fluffyclouds > 1 month ago | Report Abuse

Still holding....

Posted by fluffyclouds > 1 month ago | Report Abuse

awaiting update on new factory which will quadruple production.
https://www.theedgemarkets.com/article/asia-poly-buys-keng-imports-exports-rm24m

Posted by SomaCruz89 > 1 month ago | Report Abuse

20 cents soon

Posted by fluffyclouds > 1 month ago | Report Abuse

Probaby people buying in low, as they know the new factory is not far away....

tap70

172 posts

Posted by tap70 > 1 month ago | Report Abuse

Fluffy 3rd line Jalan d mar..
New factory is what d ar?
Kind to enlighten?
Here very quiet ever since that Benny father issue guy..

Posted by fluffyclouds > 1 month ago | Report Abuse

Asiapoly had been in discussions with a purchaser for their product, but the concern of the purchaser was that there current factory was too small to deliver the quantity they needed. So Asiaply started to look for a new and bigger factory, in the end they landed up buying KENG IMPORTS & EXPORTS SDN. BHD who had a suitable sized factory that was very close to there existing unit. Once this is fitted out and running they will be able to produce around 3200 metric tonnes, they originally could only produce 800 tonnes . They acquired KENG IMPORTS & EXPORTS SDN. BHD back in May, so they been working on it for around 5 months. Looking forward this factory will kick into production at some point.

Posted by fluffyclouds > 1 month ago | Report Abuse

All this really came about through covid, as during that time there was strong demand for the plastic shielding , as a result Asiapoly started to increase sales in America, Europe & Middle East. This resulted in them becoming more well known and as a result they got opportunities to do more business.

Posted by fluffyclouds > 1 month ago | Report Abuse

Asiapoly is the only listed company on Bursa that produces acrylic sheet by the cold manufacturing process, most use a hot method, which results is that opaqueness. The cold method allows for great visual acuity which superior to glass.

Posted by fluffyclouds > 1 month ago | Report Abuse

major uses in the future will be in the automotive industry and solar panels. Electric cars will benefit as acrylic is much lighter than glass.

Posted by fluffyclouds > 1 month ago | Report Abuse

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.

Posted by fluffyclouds > 1 month ago | Report Abuse

from the above press release the key point is in the last line....

tap70

172 posts

Posted by tap70 > 1 month ago | Report Abuse

Oh ya.. Keng imports.. it took them quite some time for the 3rd line.. so don’t get your hope up too early for this..
Their sales to US is getting worse..
No news from solar panel and automotive rear screen..
Acrylic still not scratch resistance..
And prone to heat under the sun may cause it to release harmful gas..
US is going to recession..
So many expansion..
Still can sell to US?

Posted by fluffyclouds > 1 month ago | Report Abuse

@tap70....You asked for my view...still holding

Posted by sailang_now > 1 month ago | Report Abuse

Asiaply's earning more RM with exports in USD...tut tut
https://www.seair.co.in/us-import/e-asia-poly.aspx

Posted by SomaCruz89 > 1 month ago | Report Abuse

Then 40 cents by end of the year?

Posted by fluffyclouds > 1 month ago | Report Abuse

This is an old press release in the Edge

https://www.theedgemarkets.com/article/asia-poly-overlooked-stock-amid-pandemic

'“The US market alone is probably worth US$1.2 billion per annum. Our total exports to the US are merely RM20 million per year. We are relatively small in the global market, but of course, the market potential is huge,” Yeo says.

Post-pandemic, the next big thing for Asia Poly could be serving the automotive and solar panel industries.

“Today, the sports car and electric vehicle (makers) are making window, windshield, lamp and meter screens using acrylic instead of glass, which is too heavy.”

He reveals that Asia Poly has been approached by a solar company and is now exploring the possibility of supplying acrylic to it.

“There are still certain criteria to be met. We are working closely ... we will see if we can achieve the quality and volume that they require.”

A year later they invest in a factory that boosting their production capacity from 800 tonnes to 3200 metric tonnes. quadrupling production.
Back in 2020 they were only thinking to double production up to 1600...Nobody does that on a speculative basis....

Posted by fluffyclouds > 3 weeks ago | Report Abuse

still holding....

skytaxi

36 posts

Posted by skytaxi > 6 days ago | Report Abuse

Tommorow bom asiaply..heaven

Post a Comment