Their orders are maxed out to the end of the year. They have also increased the selling price. Please read the notes to the qr. Plexiglass demand only took off in April.
Their Q2 is from April to June. Meaning we will know the qr2 results probably around August. Only 2 months from now. Before that happens, the market would have caught up with the real value of this counter.
he global economy, having shown signs of slowing as a result of the US-China trade protectionism and geopolitical risks, has been further compounded by the devastating outbreak of the coronavirus disease 2019 (COVID-19). The International Monetary Fund (IMF) now forecasts a global recession in 2020, one that could be worse than the 2008-2009 global financial crisis, with a recovery only expected in 2021. The COVID-19 pandemic is expected to have a significant impact on the world economy including markets where the Company operates. The effect of the pandemic to our operations will have to be actively monitored and managed. Under these circumstances, however, the demand for cast acrylic sheet is expected to remain robust.
Due to the effect of COVID-19 the demand for cast acrylic sheet has increased and with a supply shortage in the market, this has driven selling prices higher. Currently we have orders maximise up to end of the year. Our demand is expected to grow with increased usage in both medical and non- medical sectors, as well as heightened hygiene awareness. With the Group’s continued improvements in operating efficiency, management is confident that FY2020 will be a strong growth year for the Group.
Keywords - “Demand ... increased”, “ Supply shortage”, “Driven selling prices higher”, “Orders MAXIMISE up to END OF THE YEAR”, “Management is CONFIDENT ... STRONG GROWTH ... “
to be fair quite dissapointing but not suprised as arceylic sheets demand only grew in the second quarter this year. But something promosing to look out is that they managed to operate their business more effeciently by reducing operating expenses and cost of sales by A HUGE amount. So if this is the case, im expecting a much more promising margin in the next quarter cheers
This counter will be the next rising star. I will hold my position until next QR come out or even till the end of this year. I believe the share price will drop a bit tomorrow due to panic of the weak shareholder or contra player. Like HLT, its up to rm1 from 10 sen in two month during the climax of the pandemic. ASIAPLY is the post covid counter. This is my POV because Im looking at business growth perspective to swing this counter.
As someone mentioned previously, this stock have good business prospect. I’m looking for mid term potential. Not only 1-2 days. Lets see the performance today. If do not break the Support, then maybe still can hold until next QR.
I felt only the existing shareholders have read and held on to their shares, traders will exit as they need be, new shareholders will enter as awareness on note 19 increases
My broker told me that the operators were deliberately keeping the price at 15 sen until the qr was released. They didn't want the price to fly without basis or else it will fall just as fast. But now, the news is out that their order book is maxed out until end of the year. No more reason for the price to drop suddenly if it starts to fly.
I think to be fair, your ca not compare this company with greenpacket, greenpacket is selling story and idea no asset, now building also sold off. Asiapoly has real factory and is producing acrylic. I don't think this can be hide
you can take the information the way your preconceived notion tells you but the real deal is 0.70+ is easily intensified in the days to come. thank me when you sold it at 0.70+, good baby sweet money for 2020
also don't forget this stock is the hottest counter considered in a niche play as the company is the only acrylic sheet / plexiglass manufacturer listed on Bursa Malaysia
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 500 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12612 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
lau9639
467 posts
Posted by lau9639 > 2020-06-25 19:17 | Report Abuse
Qr results out, loss 245K. Tomorrow price to drop