I took the advice and hold on too long, FYI, I have lots in the 40+, 30+, and 20+ did not sell because of the advice given. But looking back, I should have cut loss and ran instead of averaging down and believing in the sales pitch. Very likely I will take the pain and just cut loss next week than to continue listening to stories that now say need long term (years) to materialize.
@sam8888. It is definitely challenging now and yes next quarters results may not be impressive. However in 2022 they will benefit from the fixed income stream of the biogas plant and hopefully the factory operation will no longer be affected by covid in 2022 and resume at a normal production level.
TA wise it should have technical rebound within this few days, in view of it RSI oversold and MACD divergence as well as it is uptrending. If it can have Triangle flag break out then it will have a good rally. Bankers chips seems to be accumulating. My 2 cents.
fluffyclouds No one has a crystal ball, but there is more upside now than downside. Still holding. --------------------------- joker, from 0.4 talk until 0.245 ... u not tired ?
The fundamentals for Asiaply are just the same as they were before, unfortunately covid has thrown stone in the works, but practically all of Bursa is suffering as well. When we get most of the population vaccinated and the economy starts to turn its cogs again...share price will go up, but sure it is a challenging wait.
fluffy, may I ask if the acrylic car windows for electric car project a secured contract or a still in talks project? Also does Asiapoly still own 15% of CYPRIUM WIRE TECHNOLOGY SDN. BHD? Stress as I m down 55% on Asiapoly and the past quarters report isn't encouraging. I have been holding Asiapoly for past 11 months.
@Ema yes Asiapoly does still own 15% of Cyprium Wire Technology and Dato Yeo Boon Leong has just bought around 24 million shares in Tawin as of 21 Jul 2021. In terms of the new projects they have not release any information about a secured contract. However Dato Yeo Boon Leong has indicate historically that they were in talks and the issue was supplying the quantity required. Now they are in the process of doubling the capacity of the factory from 800 to 1600 tonnes. Target date for work completion is 2021. I am making the assumption that they would not have spent the money to make such a big infrastructure investment speculatively, as they are to sensible and cautious to do that. So I suspect once the additional production line is operational they will make an announcement. There is no point to panic now and sell at a loss, just do nothing. The company is holding a lot of cash and has plenty in reserve to see it through. Its just a waiting game.
@Arron_Tan if you sold up all the plant and machinery of Asiapoly and liquified all its assets. The shareholders would get sens 0.20 per share. So the market is currently saying the additional value of the business is only sens 0.04. Buy now and hold for 12 months!
Normal to drop, why not? Malaysia Market sentiment is so week. This counter is not being manipulating and is trading at perfect liquidity. Public float is so big.
@arlaxeat asiaply will have the additional income from the biogas powerplant and from doubling their output capacity, which would start to come through in 2022. So i guess my timeline is around Q1 / Q2 of 2023
@arlaxeat I doubt it, the vaccination rate is clocking up good numbers, by December we should have a lot more certainty. A couple of good quarters in 2022 and the price should reach a more meaningful level.
@aaron_tan you always giving me bad news after the event ...lol. Still holding though. Just wish I had more bullets to buy at this price. 4/8/2021 @ 0.22
The boss keep collecting . Don’t worry positive news will come soon. If you look at the chart , low volume is pushing the stock down . However it will rebound soon.
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sam8888
30 posts
Posted by sam8888 > 2021-07-17 11:00 | Report Abuse
I took the advice and hold on too long, FYI, I have lots in the 40+, 30+, and 20+ did not sell because of the advice given. But looking back, I should have cut loss and ran instead of averaging down and believing in the sales pitch.
Very likely I will take the pain and just cut loss next week than to continue listening to stories that now say need long term (years) to materialize.