@superb99...do remember that they are very close to completing the factory works which will double their production capacity. The works were supposed to be finished in June 2021, but I suspect with MCO will have been delayed at bit, waiting on announcement of completion.
They also did the works to double the production with an end purchaser in mind, i.e. they did not do the works speculatively. They are also the only acrylic manufacture on bursa...that's like having only Top Glove and nobody else making gloves in the the country.
The contract I suspect is with either a solar panel manufacture or to replace the glass windows in electric cars. The acrylic produced by asiaply uses a cold manufacturing process which provides great visual acuity than the hot manufacturing process used by acrylic manufactures in other parts of asia. The acrylic is also much lighter than glass so will provide weight saving / efficiency for electric vehicles.
The counter recently went up to RM0.42 and last year on this news the counter hit RM 0.60, although that was also in part to being a PPE provider.
As a result of covid they have increased their presence in Europe and America, so one would anticipate additional growth in these localities moving forward. I would say the future is very bright for Asiaply and I would not be surprised if this share went above RM0.70++ at some point. But no doubt I will get shot down saying that in the middle of MCO with the current share price only being RM0.32. lol..But watch this space ..:)
Maybe / maybe not...but once the additional output kicks in from new factory works which is intended to double production, then we should see a significant jump. Right now during MCO / Covid times one has to have some patience and wait it out.
You guys are aware right that Dato' Yeo Boon Leong, is the Executive Chairman & Chief Executive Officer of Asia Poly and he is also a Non-Independent Non-Executive Director of Ta Win. These company purchase are not just random you know...lol
Just hold...many companies share price depressed during MCO, no point to sell now. Fundamentals of Asiaply still very good, patience is required. I am still holding and have no intention to sell.
I wrote this explanation for some one else and just thought I would copy and paste the info here for sharing purposes and greater clarity ...
Dato' Yeo Boon Leong, is the Executive Chairman & Chief Executive Officer of Asia Poly and he is also a Non-Independent Non-Executive Director of Ta Win. Asiaply has also just bought 15% of CYPRIUM WIRE TECHNOLOGY SDN. BHD a whole owned subsidiary of Tawin. Tawin recently secured a global vendor agreement from international technology and mobility company, Aptiv plc. Aptiv plc clients are basically everyone from Toyota to Tesla, they even have BMW! so Tawin will do the copper wiring in electric cars and asiaply will do the windows.
Electric cars need to save weight so acrylic is lighter and has a better visual acuity than glass. Asiaply are also the only manufacture use a cold method to produce there acrylic and the only company doing this who are listed on bursa.
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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 > 2021-06-15 14:20 | Report Abuse
seriously you all still believe this junk ????