Posted by SomaCruz89 > 2022-01-19 16:10 | Report Abuse

onboarded at 17 cents.

Posted by kpmg003 > 2022-01-20 00:13 | Report Abuse

Who is the owner of the Keng Imports & Export Sdn Bhd, why the company net asset is only RM 871,822 but the acquisition cost is RM 24,700,000, who is the owner of Keng imports & Export Sdn Bhd and how the Transasia Property Consultancy Sdn Bhd perform the evaluation ? On what basis the company have the value of RM 24,700,000 ?

Posted by kpmg003 > 2022-01-20 09:37 | Report Abuse

Is 4.5 acres, not 4,537 acres !!! Read the announcement please !!!!

sailang_now If I am not mistaken, acquisition of Keng Imports & Exports set up in 1975, comes with a vacant industrial building with 4,537 acres or 197,668 sq feet of land. industrial land costs RM150 per sq feet in Klang industrial area.....just do the maths

Posted by kpmg003 > 2022-01-20 10:31 | Report Abuse

It should cost lesser than RM 150 per sq feet

Posted by kpmg003 > 2022-01-20 10:37 | Report Abuse

Fair value should be around RM 70-80 per square feet and Asia Poly acquisition is RM 121 per square feet

Posted by sunsetbiz > 2022-01-20 10:56 | Report Abuse

use money buy rubbish is so easy in the malaysia mkt...:)

Posted by tap70 > 2022-01-20 15:18 | Report Abuse

wah.. suddenly got 3 genius here.. it would be super great.. if you 3 manage to cause chaos here and make asiaply plummet to 14.5 sen or 4 sen..

Posted by kpmg003 > 2022-01-20 15:44 | Report Abuse

U may call me shoplot auditor, you may also call me gangster auditor, but your balls will hang up and resign when you get charged by SC.

Posted by tap70 > 2022-01-20 15:51 | Report Abuse

pls dont humiliate yourself.. u know there is a thing call propertyguru right?

Posted by fluffyclouds > 2022-01-20 18:45 | Report Abuse

Asiaply bought the company to get the site / land. They had been looking for 2 years plus. It was a good move as it is so close to their existing site and will allow them to quadruple their current production capacity. Still holding.....

Posted by SomaCruz89 > 2022-01-20 20:50 | Report Abuse

still waiting to earn multi-bagger gain from this stock with fluffy

Posted by fluffyclouds > 2022-01-21 07:10 | Report Abuse

@somacruz89 yep..it will happen, just a matter of time......

Posted by fluffyclouds > 2022-01-21 07:15 | Report Abuse

Even if we jump up to sens 0.70 I am not going to sell. I want to see asiaply additional production capacity start to deliver. Whether we jump up or down a few sens here or there on a daily basis I do not worry.

Posted by canbuyla > 2022-01-22 00:23 | Report Abuse

why buy such over priced co / land???.....simple...own benefit, burnt co cash....run
run
run

Posted by fluffyclouds > 2022-01-22 12:07 | Report Abuse

A market value of RM24,700,000.00 was established by reference to the valuation report from an independent registered valuer dated 16 December 2021. The land area comprises 4.5 acres so approximately (RM124 per sq ft).

Does that seem over priced ? Remember they did not just buy the land they bought KIESB the company lock stock and barrel, who happened to own the land.

To value the land on its own we need to know if it was freehold or leasehold and the remainder of the unexpired term without that information you guys are just pluck figures out of thin air.


RATIONALE FOR THE ACQUISITION
The Property is strategically located approximately 800 meters from the Group’s existing acrylic manufacturing plant in Meru, Klang. The acquisition will allow the Group to expand its production capacity
up to 3,200MT per month to meet the growing demand from overseas customers especially from US and Middle East. The acquisition will expect to contribute positively to the Group’s future earnings.

So after looking for land for several years and not finding anything suitable, they managed to buy something right on there doorstep which allows them to increase there current production by 4 times !!

Great move !!

Posted by tap70 > 2022-01-22 16:28 | Report Abuse

those dimwit just simply go poo everywhere they go.. if they properly go study asiaply.. they sure know whats asiaply and current manufacturing industries problems..

Posted by tap70 > 2022-01-22 16:37 | Report Abuse

freight cost skyrocket almost 500% if US dont solve their own port congestion shit.. its gonna be shitty year for Asiaply and the rest of exporter.. unless their contract is FOB!!

Posted by tap70 > 2022-01-22 16:45 | Report Abuse

at least USD9,000 per 40GP container.. and it gonna go up!! and up!! how much asiaply can make per container for coming QR.. wait for another year for the logistic cost to ease down i think..

Posted by kpmg003 > 2022-01-22 19:32 | Report Abuse

How many order books does Asia Poly had secure to-date ?

Posted by fluffyclouds > 2022-01-23 12:19 | Report Abuse

@kpmg003 They already have an end purchaser in mind, they just needed to satisfy them that they could produce the quantity and quality.
Asiaply are the only company listed on bursa that uses a cold manufacturing process, this process permits the production of much higher
grade acrylic sheets with superior visual acuity, as apposed to glass. Now with this expansion in play they should be able to satisfy the demand side. About 2 years ago they were only looking to double production, with this acquisition they will be able to quadruple production.

Posted by fluffyclouds > 2022-01-24 11:15 | Report Abuse

i3lurker ...spreading your own brand of negativity again!...Its Monday Morning give everyone a break....lol

Posted by SomaCruz89 > 2022-01-25 15:31 | Report Abuse

cheap sales before CNY. Lai lai

Posted by Michael R. > 2022-01-26 10:19 | Report Abuse

Later ASIAPLY will become famous... E-Hailing must install divider to secure Driver vs. Passengers

--------------------------------

https://www.bharian.com.my/berita/kes/2022/01/915581/suspek-samun-tikam-pemandu-grab-diberkas

Posted by SomaCruz89 > 2022-01-26 15:42 | Report Abuse

Why not you suggest this brilliant idea?

Posted by kpmg003 > 2022-01-27 15:30 | Report Abuse

Lousy stock ! No power to up at all !

Posted by fluffyclouds > 2022-01-29 10:29 | Report Abuse

Good Stock, Lousy Market...Gong-Xi-Fa-Cai

Posted by sailang_now > 2022-01-29 17:16 | Report Abuse

Gong Xi Fa Cai!

Anybody wants more information on Keng Imports & Exports can find out on this link.
https://www.malaysiadata.com/company/dkxlp/keng-imports-exports-sdn-bhd

Posted by SomaCruz89 > 2022-02-07 09:57 | Report Abuse

Engine started?

Posted by insidernews3321 > 2022-02-07 10:56 | Report Abuse

Top Price RM 0.68

Posted by CatRebound > 2022-02-07 15:03 | Report Abuse

Yup2...

Posted by Michael R. > 2022-02-07 15:07 | Report Abuse

SOLID and CLEAR... as good as its acrylic glass.

Posted by insidernews3321 > 2022-02-07 21:11 | Report Abuse

New variant coming, they need more acrylic glass to form barrier and prevent the spreading of the virus !

Posted by tap70 > 2022-02-08 13:50 | Report Abuse

covid now is airborne.. installation of Plexiglas as barrier is less effective..

Posted by fluffyclouds > 2022-02-08 17:51 | Report Abuse

Plexiglas as a barrier for covid was the key that opened the door for asiaply to become better known abroad. The bulk of their product will land up in electric cars and some solar panels. Both of these avenues have plenty of long term demand for asiaply.

Posted by BennyWhittman > 2022-02-08 20:25 | Report Abuse

Cloudy must be having nightmares with his house about to be lelong, car sold, motocycle sold, pet dog sold, stamps collections sold and had all in above 30 sens in this counter......hehehe

Nothing except God can save you, my friend.

Posted by BennyWhittman > 2022-02-08 20:26 | Report Abuse

This is a gone, gone with the wind.......when jumped into bed with Tak Win.

Posted by ♛ Checkmate. > 2022-02-08 23:25 | Report Abuse

lol.. story blow big, never deliver results.

Posted by tap70 > 2022-02-09 00:16 | Report Abuse

Fluffy.. draw a doll only mar.. don’t have to draw it’s intestine.. by the way.. you are right.. is only matter of time.. just need more patience..

Posted by andylim2327 > 2022-02-09 09:55 | Report Abuse

PETALING JAYA: Malaysia’s borders are set to fully reopen on March 1, says National Recovery Council (NRC) chairman Tan Sri Muhyiddin Yassin.

“It was recommended by the NRC that the country's borders be fully opened in due time to support the nation's recovery.

"In connection to this, the council agrees that the nation's borders are to fully open as early as March 1 without the need for mandatory quarantine," he said in a statement after chairing the NRC meeting on Tuesday (Feb 8).

Muhyiddin, however, noted that those entering the country would have to undergo Covid-19 tests before and right after arriving into the country as recommended by the Health Ministry.

"The opening of the nation's borders needs to be done accordingly and based on current risk assessment," he added.

The borders had been partially closed since early 2020 following the Covid-19 outbreak to check the spread of the virus.

Muhyiddin added the border opening matter was raised by Immigration director-general Datuk Seri Khairul Dzaimee Daud during the meeting.

On a separate matter, Muhyiddin said NRC had also recommended a more systematic management of grants, loans and financial aid for micro, small and medium enterprises.

He said this was crucial to ensure the optimum use of resources without any overlapping claims.

The council also took note of the difficulties faced by the construction industry due to rising cost of materials, labour shortages and movement control.

"In view of this, the council supports recommendations by the Construction Industry Development Board (CIDB) to seek immediate and long term structural solutions for these issues," he added.

Muhyiddin also said Health Minister Khairy Jamaluddin had briefed NRC on the current pandemic situation, particularly the spread of the Omicron variant.

Although there had been an increase in the number of daily infections, he noted that steps taken by the health authorities, high rate of vaccination in the country and the implementation of booster shots, had succeeded in reducing the number of serious infections under Category 3 to Category 5.

Administration of booster doses among the youths and young children would also be stepped up, he said.

Muhyiddin also announced the appointment of Tan Sri Dr Sulaiman Mahbob as chief executive officer of the NRC secretariat effective Feb 1 and among his tasks were to draft the direction and strategies of the National Recovery Plan 2.0.

Posted by fluffyclouds > 2022-02-10 13:14 | Report Abuse

https://www.freemalaysiatoday.com/category/business/local-business/2022/02/09/malaysia-copper-company-prepares-for-southeast-asia-ev-boom/

Posted by fluffyclouds > 2022-02-11 12:27 | Report Abuse

will be breaking sens 0.20 in the near future.

Posted by BennyWhittman > 2022-02-13 18:02 | Report Abuse

Near future?....is it with the same tone as Moo saying ASAP?...hehehe

Posted by willee2 > 2022-02-13 22:45 | Report Abuse

break 20c only got mini show. back into my watchlist~ but if no break then no show~

Posted by jack2 > 2022-02-15 09:46 | Report Abuse

looking good

Posted by fluffyclouds > 2022-02-18 08:52 | Report Abuse

Still holding...I am also expecting improvement in Tawin as asiaply has just bought more shares.

Posted by investortrader88 > 2022-02-18 10:15 | Report Abuse

On board at RM0.17.good luck guys

Posted by BennyWhittman > 2022-02-18 10:52 | Report Abuse

Supporting Tak Win is a good solution for expansion????????

No wonder dropped from 50c to 16c.......congratulations to bilis suckers!

Posted by BennyWhittman > 2022-02-18 10:53 | Report Abuse

You don't even know when you're screwed....hahahaha

Posted by satha44 > 2022-02-18 11:56 | Report Abuse

Must be careful with this quarter's results...
Many stocks showing lower profit....many in losses...

Posted by BetterTomorrow > 2022-02-18 12:55 | Report Abuse

Actually if whoever does not like the stock, just sell if you have any or else no point to keep talking here.