....Currently, Asia Poly executive chairman Datuk Yeo Boon Leong is a non-independent non-executive chairman of Ta Win and owns an indirect 8.13% stake in the latter...
FUTURE is very bright for both TAWIN and ASIAPLY.. can leverage on both business channels..!!!
--------------------------------- fluffyclouds The synergy between TaWin & Asiaply makes good sense. Been well documented in the historic chat. 18/02/2022 2:12 PM
This is one of my old comments I am just copying and pasting.
----------------------------------------------------------------- Oct 5, 2021 11:50 AM
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. '
Asiaply in 2020 were looking for a new factory to double their production capacity from 800 tonnes to 1600 tonnes. In the end they landed up buying a site which will permit them to go up to 3200 tonnes!
In a historic press article Dato said they have a purchaser in mind, but back then they were just trying to satisfy the buyer that Asiaply could produce the quantity and quality they needed.
Asiapoly are the only company on bursa that produce acrylic by a cold manufacturing process that provides better visual acuity than glass and of course its much lighter which is important for electric cars / battery life.
People also forget Asiaply is going to do well this year as they have the recurring income from their Biogas plant in Kelantan, this is now fully functional and they have a deal to supply power to Tenaga Nasional for 21 years at a feed-in-tariff rate of up to 38.3 sen per k/Wh. So we should see some profits from that plant in 2022.
Yes Genetec was a bit of a reach ....lol. But once Asiaply new factory is producing 4 time their existing volume and we start to see that profit, asiaply share value will undoubtedly increase.
Asiapoly formed a company with Tawin. ' 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”)'
Asia Poly have also just bought a factory that will allow them to quadruple there production.
half of the losses is due to impairment of assets of his associates.. so is one time losses.. i did mention flood i near dato factory.. and dato mention cause his production downtime.. i hope this is one time thing as well.. then come freight cost which more than USD 10K for 40 footer.. which they cannot transfer to their customer.. their actual loss is about 3.8M compare with previous qr 1.9M.. i think is reasonable.. but i dont think 22Q1 gonna be pretty as well.. most probably 22Q2 where 3rd production is already up and running..
disappointing, but not unexpected due to the effects of covid.
Plus points are look at the profit from the Biogas Plant,
'The Renewable Energy segment contributed revenue of RM5.917 million during the period under review as compared to RM1.353 million recorded in the corresponding cumulative period 2020. The increase in revenue was mainly due to the biogas plant for billings of sale of electricity to TNB.'
Plus they have confirmed that, ' Our 3rd production line construction is expected to be ready by end of March 2022. The 3rd production capability especially in production of thicker acrylic sheets and to achieve greater cost efficiency. Globally, moving forward to endermic stage, the labour and logistic issue will be greatly improved.The Management is confident that, there will still be strong growth after this pandemic period.'
They were upgrading there existing facility to provide additional production lines. Dato is quite cautious he would not be seeking to over quadruple his production facility speculatively.... Watch this space ...
oh dear~~ that Benny poor kid must has bought at high~~ is ok la.. he can vent his frustration at here.. or he just another loser who think he's so clever in discovering con stock.. and show his greatness by providing funny theories and ideas.. you dont have to be smart in order to pour cold water..
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Posted by BetterTomorrow > 2022-02-18 13:23 | Report Abuse
Satha44 agreed