Expect upward movement now with the announcement of Tawin and asiaply new joint venture securing a Global Vendor Agreement. Tawin jumped a good few sens just before close already.
When the price gets to 0.35 it is a good chance to accumulate. When the income from the second factory hits the balance sheet 0.35 will be a distant memory.
There is now strong support around 0.35 which is encouraging . Plus Dato Yeo Boon Leong, a company director just purchased another 2,867,000 shares at 0.375. So 0.40++ is within a short term reach.
@firewall certainly possible, but one of the directors Dato Yeo Boon Leong, just bought 2.8 million ++ shares at 0.375 so I see that as a strong vote of confidence.
Hopefully if the second factory is completed on time it will start to provide income by the next or certainly following quarter. Plus we also have the good news of the tie up between asiaply and tawin. So I am anticipating a significant jump in share value within the next one or two quarters...
Fluffy I think you're right man, solar + ev + automotive..with increase of capacity and they're looking to acquiring more land to build new production line..no wonder director keep buying...let's see whether it's fairytale story or real one..hmm
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.
One day you guys will sell out at 0.38 and it will keep going and never drop below 0.42. You will then be saying I will buy back in at 0.40 but then all of a sudden it will be 0.45 and you will miss the asiaply train for a few cents here and there on the way up.
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Alucard311
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Posted by Alucard311 > 2021-03-30 14:11 | Report Abuse
Touched 0.35 and rebounded.