I was surprised to see the drop today, why is an unknown, but asiaply and tawin are now closely linked.
Tawin today did their rights issue(RI) which has brought the share price down significantly and this may have had an impact on asiaply. The fundamentals of the business have not changed, for me I will still hold. Tawin will stablise following the RI.
You got to have immense patience after this rights issue. It may take years depending on their performance and keeping up with their pledges. Of course, order book too matters, which they have no control.
@Aaron_tan ..you sold and need to buy back in again at a lower price is it ? You may make a few sens here or there... but you are going to miss the asiaply train when it leaves the station. I could do what you are doing...but I choose to hold. I remember when my good friend first told me I should buy asiaply. I also remember telling him I thought it was a bit expensive at 0.17...How I wish I had not sold at 0.22 a few weeks later. At that time I never understood the potential value of this company.
i sold Asiaply at 0.42 few weeks ago. and i re-enter on thursday at 0.32. nothing to scare. if still drop then I can average down at 0.27 - 0.29 the support there are super strong i dont believe it will dip below there i still believe it will break 0.34 next week and fly
wongck ..you are right. Books wise, Asiaply is stronger. Asiaply is also in the midst of applying for IATF cert to use its acrylics for automobile. EVs are shifting from glass to acrylics - cold extruded because it is clearer and Asiaply is the second largest in ASEAN for this type of acrylics. New expansion capacity ready by June. Asiaply is no longer a advertisment board acrylics company. It's acrylics sought after by solar panels as well. Cannot meet demand currently. Last opportunity to accumulate .
@investment 888. Yes asiaply is making protective shields for companies here and worldwide for covid protection. But unlike other pandemic play counters asiaply has been able to use the opportunity to spring board into the solar panel manufacturing market and also car windows for electric cars, so there is an even better story for them post covid. As a result of this they are in the process of building a brand new factory which will have the capacity to double their output and this should be completed within the next quarter, so in a very short period of time over say the next 2 or 3 quarters there profits will be significantly increased.
I think in this volatile period, FA remain intact, price downward movement mainly due to external factors such as political instability & increase of covid cases. I think the strong uptrend last month has also come into correction period without the smart money. Will give it 3-6 months to bear fruits again.
investment888 I think in this volatile period, FA remain intact, price downward movement mainly due to external factors such as political instability & increase of covid cases. I think the strong uptrend last month has also come into correction period without the smart money. Will give it 3-6 months to bear fruits again. ------------------------------- if really got FA, why drop so fierce from 0.42 to 0.305 ?
@aaron_tan inicial drop was sparked by Tawin share division, as the two companies are now linked. Further damage was done by the jittery market due to MCO 3.0. But that's just my gut feel.
OTHERS DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS
ASIA POLY HOLDINGS BERHAD
Type Announcement Subject OTHERS Description DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Asia Poly Holdings Berhad (“ASIAPOLY”) wishes to inform that the aggregate purchase consideration of quoted securities for the preceding twelve (12) months, which has not been announced has exceeded 5% of ASIAPOLY’s audited consolidated net assets as at 31 December 2020, details of which are shown in Table below:-
Transactions
RM
% of ASIAPOLY’s audited consolidated net assets as at 31 December 2020
Aggregate purchase consideration within the preceding twelve (12) months
- 20/2/2021 to 6/5/2021
- 7/5/2021
6,877,659.04
2,162,674.33
4.75
1.50
Total
9,040,333.37
6.25
As at 7 May 2021, the all investments in quoted securities held by ASIAPOLY are set out below:-
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ASIA POLY HOLDINGS BERHAD ("ASIA POLY" or "the Company") ACQUISITION OF SHARES IN KARYON INDUSTRIES BERHAD
ASIA POLY HOLDINGS BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description ASIA POLY HOLDINGS BERHAD ("ASIA POLY" or "the Company") ACQUISITION OF SHARES IN KARYON INDUSTRIES BERHAD The Board of Directors of Asia Poly wishes to announce that the wholly-owned subsidiary, Asia Poly Ventures Sdn. Bhd. has acquired quoted securities, 31,900,000 Ordinary Shares of Karyon Industries Berhad (“Karyon”), which represent 6.71% of the voting shares of Karyon during the period from 5 May 2021 to 11 May 2021. The aggregate purchase consideration as at 11 May 2021 amounting to RM8,485,429.30 (hereinafter referred to as the “Acquisition”).
Please refer to the attachment for further details of the Acquisition.
A lot of shares down...just have to hold through. MCO la. It will bounce back after MCO and then rise even higher once the new factory is operational. Until then I am still holding.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Aaron_tan
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Posted by Aaron_tan > 2021-05-05 15:00 | Report Abuse
firewall nice