Looks like the pump & dump is in motion now. Smart play was to sell at 0.33 while still pumping. Good for you @Aaron. Retailers who just joined perhaps should sell now and pick up again at 0.26-0.27 for another round.
Yes Aaron Tan, regardless how great the demand is, their supply is almost fixed at 800mt (to date), unless the ASP for their product suddenly skyrocketed another 100% then maybe I’ll buy in again
@ LimituPrince the current factory I believe is limited to 800mt. However in the press the directors have hinted about a contract that they are after that needs much more supply and acrylic of a certain good quality. Asiaply use a cold factory manufacturing method, which gives greater visual acuity than the hot manufacturing process which is more commonly used. They indicated this new venture might be in either the automotive or solar industry. In order to meet this requirement they have already bought a 30% stake in GP Plas factory which was only running at around 60% capacity. Plus they are in the process of acquiring about 10 acres of land in the Klang Valley to set up a further factory and with their current cash on hand circa 64 million they are not likely to need any significant borrowings.
Today, many of Asia Poly orders are going to USA and Brazil and Europe for the making of solar panels. Biden will announce support for clean energy. Asia Poly factory in Klang is working 24hrs. Cannot meet demand now... also covid shield for office and public transport.
What’s the point of keep promoting when the share price is portraiting something different? Price is less than 50% of the high just 3 months ago and it’s even less than PP price.
arlaxeat even the placement also suspicious ------------------- let me remind u, after the placement was completed at 0.4. twice the price hit 0.5. the placement holder could have sold at this 2 times.
Aaron_tan arlaxeat even the placement also suspicious ------------------- let me remind u, after the placement was completed at 0.4. twice the price hit 0.5. the placement holder could have sold at this 2 times.
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HrryPttr
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Posted by HrryPttr > 2021-01-19 11:33 | Report Abuse
Sold yesterday
Sold. Thanks a lot I think it can go higher but in this market condition better TP. Good luck guys!
18/01/2021 12:56 PM