ASIA POLY HOLDINGS BHD

KLSE (MYR): ASIAPLY (0105)

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Last Price

0.08

Today's Change

-0.005 (5.88%)

Day's Change

0.08 - 0.085

Trading Volume

48,400


9 people like this.

7,000 comment(s). Last comment by Balian de Ibelin 6 days ago

Posted by EvilWithin > 2020-12-04 07:06 | Report Abuse

Dont selll..it will rebound

merlot

3 posts

Posted by merlot > 2020-12-04 09:59 | Report Abuse

waiting for Q4

Finnmm

40 posts

Posted by Finnmm > 2020-12-04 13:41 | Report Abuse

@fluffyclouds I'd avg down once, no more spare bullet for this losing money counter, too painful to CL, bought it mid of October, avg.d on Nov, can't see bottom and don't know how long it takes to rebound..

Posted by fluffyclouds > 2020-12-04 14:06 | Report Abuse

@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.

Posted by EvilWithin > 2020-12-04 14:54 | Report Abuse

Dont worry ..guys next week it will fly

hello92

44 posts

Posted by hello92 > 2020-12-04 15:12 | Report Abuse

Chill guys. Below 40sen is a good collection. Confirm rebound.
Look highly on this stock.

Posted by firewall9301 > 2020-12-04 20:10 | Report Abuse

Confirmed means 100 percent sure! Are you friend???

dinz3483

16 posts

Posted by dinz3483 > 2020-12-04 22:13 | Report Abuse

Yezza next week fly...

faizal959

13 posts

Posted by faizal959 > 2020-12-05 16:51 | Report Abuse

dont worry this company has good future prospect. rome was not built in one day..be patient

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-07 10:28 | Report Abuse

wait 0.3 ... near

martinking

289 posts

Posted by martinking > 2020-12-07 10:48 | Report Abuse

just wait below 30c, roger and the team promise to sell down below 30c..haha

Posted by fluffyclouds > 2020-12-07 11:13 | Report Abuse

Still holding ....

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-07 11:52 | Report Abuse

already warn u all at 0.36, warrant a expire, technical all very bearish ... all still diu 9 me .. now u all diu urself lar

huat_ar

87 posts

Posted by huat_ar > 2020-12-07 12:29 | Report Abuse

woof! wo wo wo! waiting woof to sell hehe

Posted by fluffyclouds > 2020-12-07 12:32 | Report Abuse

Aaron_Tan ...so what is your forecast from here ?

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-07 14:41 | Report Abuse

no comment. sink at own risk !

arlaxeat

45 posts

Posted by arlaxeat > 2020-12-07 17:47 | Report Abuse

Can the placement be sold? Must be cautious too

CHG2651

174 posts

Posted by CHG2651 > 2020-12-07 20:43 | Report Abuse

Let see next 3 days

huat_ar

87 posts

Posted by huat_ar > 2020-12-07 20:56 | Report Abuse

sink sink sink please...... im waiting!! panic seller please!!

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-07 21:00 | Report Abuse

Tomorrow sure see 0:3 hehe

huat_ar

87 posts

Posted by huat_ar > 2020-12-08 00:43 | Report Abuse

aaron. tml 0.28 hehe

Posted by Arifagam > 2020-12-08 02:14 | Report Abuse

Volume spike yesterday...the reverse pattern could be started.

Posted by fluffyclouds > 2020-12-08 09:59 | Report Abuse

Does any one know the end date for these last batch of warrants to be converted. I know it is very soon ?

Does any one also know the expected date of the Q4 2020 financial results ?

YJInvest

106 posts

Posted by YJInvest > 2020-12-08 10:53 | Report Abuse

@ Fluffyclouds, WA expires on Dec 13th and the reason why the mother share is being pressed down. May go down further before it actually rebounds. If you are invested for the mid to long term, just hold it. If you are trading or have a short term outlook, you will have to decide. All the best.

Posted by fluffyclouds > 2020-12-08 11:00 | Report Abuse

Thanks YJInvest

Posted by Alucard311 > 2020-12-08 11:28 | Report Abuse

Rebound. Go go go

CHG2651

174 posts

Posted by CHG2651 > 2020-12-08 11:32 | Report Abuse

Day 1 , better than my forecast

volks2

1,116 posts

Posted by volks2 > 2020-12-08 11:55 | Report Abuse

rebound after touching the bottom.

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-08 12:01 |

Post removed.Why?

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-08 14:41 | Report Abuse

reversal come, if want to buy please buy now ! not buy at 0.4 !

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-08 14:42 | Report Abuse

i notice most newbie when drop, they collect early, when up, they collect late ... thats why cant earn money

CHG2651

174 posts

Posted by CHG2651 > 2020-12-08 18:11 | Report Abuse

AronTan , because you already said . They are newbie.

Posted by Miz Raya Bloom > 2020-12-08 21:51 | Report Abuse

kaunter ini kena kasi pecah 0.39 baru naik laju, dealer ku kata ler. today ada jalan sikit.

Posted by reloading86 > 2020-12-08 23:52 | Report Abuse

Just stop at 0.325.. and sideway.. that okey.. everbody just buy it.. hahaha

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2020-12-08 23:53 | Report Abuse

Up 3.17%

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2020-12-08 23:53 | Report Abuse

Okay also la

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2020-12-08 23:53 | Report Abuse

Boleh juga la

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2020-12-08 23:54 | Report Abuse

Keep surging

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2020-12-08 23:54 | Report Abuse

Good luck

Posted by Miz Raya Bloom > 2020-12-09 09:20 | Report Abuse

ada beli sikit, guna duit dapur

CHG2651

174 posts

Posted by CHG2651 > 2020-12-09 19:58 | Report Abuse

Day 2 .

Aaron_tan

2,337 posts

Posted by Aaron_tan > 2020-12-10 17:27 | Report Abuse

Buy now. Cut loss only if close below 0.3

CHG2651

174 posts

Posted by CHG2651 > 2020-12-10 19:27 | Report Abuse

Day 3 . Last observe . Not bad . Still can close at 0.315 . It got chance to keep it . It might spike up when the volumes collect enough

Tingwai90

56 posts

Posted by Tingwai90 > 2020-12-10 19:59 | Report Abuse

u will know when u see it. u Will see when you know it. be happy.

canbuyla

545 posts

Posted by canbuyla > 2020-12-11 07:44 | Report Abuse

downtrend to continue..v weak
further selling anticipated once closed below 0.30
coming soon ???.

Posted by firewall9301 > 2020-12-11 23:40 | Report Abuse

So clever.!! You holding any Asiaply stock?? Bet u sell them, if you are holding any. Cakap shioook sendiri ke??

Posted by Miz Raya Bloom > 2020-12-12 12:13 | Report Abuse

nengok juga macam sideways je, kasi sampai next week, see how

Posted by fluffyclouds > 2020-12-12 18:13 | Report Abuse

That was the end of the warrant conversion, unless some are added on monday. So share price should stabilise or go up I am theorizing from now on.

miragev16

16 posts

Posted by miragev16 > 2020-12-14 23:23 | Report Abuse

ETALING JAYA: Cast acrylic sheet manufacturer Asia Poly Holdings Bhd will continue its expansion plans by buying land to set up additional production capacity to capture growing markets.

A source close to the company said Asia Poly which makes acrylic sheets for many industries including food, sanitary, automotive, energy, and medical globally, will buy some ten acres in Klang for this purpose which in turn will see an additional five lines of production.

Combined with its current three lines, the company, which is the only listed Malaysian manufacturer of cast acrylic sheets will produce over 60,000 tonnes of acrylic sheets, making it one of Asia’s largest companies doing such a business.

The plan is set to happen sometime next year, the source said, subject to some conditions.

Currently, one of Asia Poly’s main competitors is Indonesia’s PT Margacipta Wirasentosa (MC) which according to its website, “maintains the largest cell cast manufacturing facility in Asia by production capacity”. According to its website, the family-owned business has six production lines, giving Margacipta an annual production capacity of 30,000 tonnes.

Asia Poly meanwhile, controlled by local businessman Datuk Yeo Boon Leong will finance its land purchase by internal funds but may raise more if it is necessary, subject to shareholders’ approval. Notably, the group is in a net cash position of around RM68mil currently.

The robust demand for its products is increasing, ironically due to the ongoing Covid-19 pandemic where its acrylic products such as screen dividers are used a protective barrier against the virus.

However, moving forward, its focus will be on the automotive and energy sectors which increasingly require their sheets for their end-products, according to the source.

Asia Poly which aims to make its biggest market the US, recently also signed a heads of agreement to acquire a 30% stake in GB Plas Sdn Bhd for RM15mil.

In annoucing this development, Asia Poly said GB Plas is one of Malaysia’s biggest manufacturers and exporters of extruded acrylic and plastic sheets. With GB Plas, Asia Poly will have a holistic acrylic product spread, the source noted.

Asia Poly returned to the black recently, stating that it made a net profit of RM4.09mil in the third quarter ended Sept 30, compared to a net loss of RM2.13mil recorded in the same quarter last year due largely to increased demand for its products.

Commenting on the financial results, Yeo said in a statement then that the company is “confident that FY2020 will be a strong growth year for the group”. At last look, shares of Asia Poly were at 31 sen apiece, valuing the entire company at RM244mil. At 31 sen, the stock is 48% off its 52-week high of 60 sen.

Posted by Miz Raya Bloom > 2020-12-15 09:35 | Report Abuse

tula ku nengok business like ok

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