sell now buy back lower ..maybe 5 cents Dato told production is not running at 100% also, sales dropping fast...new factory will incur high cost and high depreciation...I'm expecting huge losses next year...let see..
its cute some ppl thinks here got sharks working. lel. how many we ikan bilis holding shares or should i say, how much us normal ikan bilis could buy. why shark wasting breath n efforts n risks of getting expose by working out a few ikan bilis. its cute but thx tho for the free entertainments n pls pls pls...for gods sake support mi n buy mi popcorn! okays, back to aa thread since there more happening dramas! ciao
When the selling stops....price will recover.. Malaysians trade without proper reasoning sometimes.. This company has 800 over million shares....price can only move higher than 30sens...when the penny stock rally returns....right now mostly down...looks like already reached the bottom....
@unomi I feel the same, but six months ago I thought 0.30++ was a good price, before that the yearly high was 0.60++ and they did a historic PP @ 0.416.
We are in a down trend now, I would like to say this is the bottom, but the only thing I can say for sure is it is a new low. If current trend continues I foresee another new low.
The good thing is this is just irrational market sentiment, once the factory can start running properly and they can import / export without hindrance, we will see a sharp recovery. If you compare the 30th of June 2020 quarter asiaply did RM2,040,000 in Europe. In the corresponding quarter 30th of June 2021 asiaply did RM1000 in Europe!
This industry has a predicted CAGR of 6.4% during the period 2019 to 2024 so good growth is expected. Data Yeo also said in the quarterly notes, ' The Management is confident that, there will still be strong growth after this pandemic period.'
Selling does seem to be overdone....bought at 32sens.. Now only 16sens.....might just have to leave it for some time....once the warrant expires...they may move mother share price higher....those with warrants generally run out of time.....
@tap70... Asiapoly made this announcement on the 17 March 2021. Please read the last line.
'The Board of Directors of Asia Poly wishes to announce that the Company via its wholly-owned subsidiary, Asia Poly EV Tech Sdn Bhd (“APEVTSB”) had on 15 March 2021 together with Cyprium Wire Technology Sdn Bhd (a subsidiary of Ta Win Holdings Berhad) formed a new company known as Cyprium Asiapoly EV Sdn Bhd (“CAESB”) under the Companies Act 2016 with the principal activities of manufacturing and distribution of power and signal distribution system, high tension cable, battery cable and any other automotive parts or components for automobile and electric vehicles using patented cross-linking/ionizing radiation treatment which utilises electron beam irradiation technology as well as cast acrylic products for the automotive industry. '
“Today, the sports car and electric vehicle (makers) are making window, windshield, lamp and meter screens using acrylic instead of glass, which is too heavy.” Dato Yeo in press release in the Edge Nov 2020.
He went on to say, ' There are still certain criteria to be met. We are working closely ... we will see if we can achieve the quality and volume that they require.”
Then they suddenly Asiaply decided to extend the factory doubling there production line capacity from 800 mt per month, to 1,600 mt per month.
Bursa stocks very good at story-telling....because malaysian investors have a herd mentality... Good news everyone chases it up....Bad news everyone throws it down..... only 16sens left....whats the worst that can happen.....0.00 ?
16c whats the worst can happen? 12c and below. thats the answer. lol. why buy now when u can get 12c n below? UNLESS. UNLESS..u alrdy inside n got stuck :D huhu
TAYOR.... worst possibly could come down 0.060... lack of catalyst, priced in, TP taken and bursa downtrending due to China, US and Malaysia unnecessary political bickering.
Asia poly keeps dropping definitely make most of the investors worried. But I still have high confidence to hold on. I remembered company made private placement @0.47 per shares and collected about 40 millions cash. This year made another private placement @0.27 , collected about 20 over millions. What more on Preference shares conversion , cash flowing in. Moreover, company is still profitable though not impressive. This company is cash rich, and the new factory, I believe, progress well. Why the shares keeps dropping? I suspect maybe some force selling due to collateral to bank. Once the selling is over, the price will back to normal. The board works very hard on numerous big projects. Really, I don’t see any reasons the shares price won’t come back high again.
Manufacturing is not easy, not like money game, it needs time and efforts to establish. Once in operations, you will see the profit and shares price will be up
Some time ago....aemulus traded like this...major shareholders dumped it from 50......to 20sens and below....rested at low levels....for sometime.. Didnt make any sense though....coz company was still showing some small profits......but look at it now.. Above RM1.....
hu ha hu ha why compare to aemulus..aumulus got do acrylic kah? can i compare to fintech then? or should i compare it to genetec ? hrmmm heaven n earth differentiations le. wan then compare smtg in the same field la. huuu haa huu haa
relatively no connection answer deserves relatively no connection nonsense questions huuhaahuuhaa. mi want in but...still not at tis price...yet...gogo
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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....
willee2
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Posted by willee2 > 2021-09-30 17:58 | Report Abuse
ha ha. raw materials up = good ? oic i learnt new things today ha ha