If any of you guys really want to know the demand for plexiglass, just call the sales person from Asia Poly office and make a fake enquiry for large order. From there, you will know the order backlog if it goes all the way to 2021 or not.
thanks for the heads up, as i know the trials are already undergone several times, by different groups, organization, countries and based on the news someone posted, China already produce an antibody that they tout as 100% effective and tested on their workforce, which we'll know in due time whether it will work, either way this is a good company to hold, the big buy on Tuesday is not from big players rather retail investors panic buy due to recent news surge about plexiglass, thats why it close not even near the high on that day, the overall chart also cause a great concern, makes me wonder what did others besides retail investor like us know that we dont
I believe all Malaysia stock is traded by mostly retails investor instead of big investor. As I was told foreign fund have been gone. Except Malaysia local fund.
Yesterday and today a lot of convertible preference shares were converted to ordinary shares. From my fairly ok knowledge of accounting, this is a good thing. The preference shareholders obviously know the share price is going higher in the short to medium term and hence they choose to convert to ordinary share. Just my 2c.
BetterTomorrow thanks for sharing and advice, just like you said i wont buy anything with uncertainty especially when im looking onto the chart, for me this stock has great potential based on fundamental, but its technical does not match it yet, which people should be alert about, either way i dont see any solid growth its going to have soon, but i might change my mind if this week it closes high at 14 cents
Powerplay666 thanks for the info, if its true maybe that high spike must be a sold from them, due to high acquisition disclosed by the company itself, preferred stockholders tend to gain capital by converting to common stock to double or triple their capital investment, then reinvested again once the price is down, which i think is calculated move by them, could be a possiblity wouldnt it? if a nobody like me can know the price is going down, i wouldnt be surprise they would know it first
alexsoto, anything is possible. We can only grasp at clues and indicators. Like I also mentioned earlier, I was tipped by my well connected friend to enter this counter at 7.5 sen for the medium to long term, which is why I am balls deep in at the moment. Let's see how this plays out.
talk less cant bring the price up either, try to learn and acquire info from people here through discussion, young or old still have a lot to learn, humble yourself
It's just discussion bruh. Everyone is entitled to their opinion. No one is gonna know which direction the stock is heading towards. All you can trust is your intuition and your research. Like Alex said just learn and accept
Chill bro. I am joking. If talk can push share price down, then this will be a new hedge fund strategy. Better performance than Axe Cap. Short shares and go do a lot of talking on forum. Lol.
Looks like still many people didn't aware about acrylic. This time they will definitely do so much better than 2015 & 2016 due to covid-19. Just google plexiglass and you will see how crazy the demand.
This name is the same thing : Acrylic/ Plexiglass/ Perspek/ Organic Glass/ PMMA/ 亚克力/ 有机玻璃
Don't forget that Asiapoly is also 1 of top exporter for acrylic. Now local demand also heavily increasing as I've seen many business premises installed acrylic such as restaurant,cashier,service center and many more. Upcoming, e-hailing/public transport will also install acrylic barrier for new normal. Check out Didi(e-hail) service in China had already installed the acrylic barrier to separate between driver and passenger to lower the risk of infection of covid-19. Even bus in Philippine had also installed the acrylic barrier on their seat. Parliament in Singapore had also installed acrylic for new normal practice.
NTA 0.17, cash rich company. Still waiting? then chase high later
martinking, judging by the volume in the last couple of weeks, I think market has already realised that. All that's left now is to wait for the qr anytime soon. However, their qr only covers Jan to March. The uptick in plexiglass demand only took off in March. The full upsurge in business will truly be reflected in the following qr when they release 3 months from now. But great time to collect now.
What i noticed from this counter is that the up and down of the price exactly follow the index. I think it will moving upward soon as bursa is in rebound area. But if Bursa break the mid BB. High probability it will follow. As for now still good to hold. Good luck all. JUST MY POV. TradeAtYourOwnRisk
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Posted by AxeCapital2077 > 2020-06-17 15:26 | Report Abuse
true that