Asia poly is manufacturing covid related acrylic products! from a losing company to a profitable company, will be much better next quarter! Es ceramics goes from 30+ sen to RM1.80+limit up with profit RM800K. Don’t panic to sell. Big player might take the opportunity start to collect in the morning and push up in the afternoon and further limit up in the next few weeks. Every thing is possible! As long as the company is doing well!
Sooner there will be no more less than RM1 counters that manufacture covid related products in Bursa. Hold tight,the return will be much much better than you save in the bank
The financial tesult is.not.bad..they only oprate in Jun n got profit rm800k..look for the whole year..will be better..in stok market people invest for the.future earnings..the problem with.punter, they expect too much in short period..
################################### 1. Revenue: Revenue dropped from 17094 to 12374, 27% dropped of revenue from previous quarter. Yet, it was mainly due to MCO during Mac-18, to Apr-28.
Let's assume that they begin operation during Apr-15 with 50% man power (which most of those essential industrial companies does), and 75% during May, 100% man power on June (as they stated)
If each month 100% man power = 100% capacity for a month, then it would also mean 33.3% for a quarter
This would translate as below: Apr - 50% of 50% (since only operated with half capacity for 15 days, 0% capacity for another 15 days) = 25% of the month, aka 33.3%/4 = 8.3% (divide 4 because is just 25%)
May - 75% for the month, aka 33.3%/4x3 = 24.97% (because 75%)
June - 100% for the month, aka 33.3% full.
Total up = 66.6% production capacity for the Quarter
33.4% lost of production capacity translates as just 27% lost of revenue ==> Seems bad at first sight, but still manageable, maybe??
Anyway, dropping capacity with MCO effect is quite significant for the counter --> Bad sign 1
Current Quarter: Cost of sales = 9682 Revenue = 12374
Gross profit margin = 2692/12374x100 = 21.7%
Whopping growth of margin from 12.7% to 21.7%!!! 70% growth of profit margin!!! (and is only going to be more with higher ASP)
Seriously, this cost reduction for their product is going to help them so muchhhhhh, just like gloves hehe
Operating cost: From 1771 mil to 1409 mil, understandable... since MCO mahhh, of course save some operating cost as well lo
3. Average Selling Price: Too bad they didn't revealed their ASP growth percentage like gloves company does, hence nobody knows. But as long as we know one thing for sure, then we can know the rest definitely.
Higher ASP , with lower cost ==== Direct pure profit moving onward. Which means, their future is only going to do so much better compared as of now.
###################################
Anyway, key take away: 1. A 2nd round of MCO is probably going to hurt them very much 2. A possible overvaluation since price has surged 10 fold yet profit only seen so little growth. 3. Congratulations on expanding their NEW mass market of US & European Countries with huge demand growth. If ONLY their demand from previous customers returned as well... Kaboom!!!
4. Last but not least, COVID-beneficiary COUNTER, scared what?! Hentam saje lahhhhhh. Though their result might not be as good as expected, so what?!
Who expected careplus that made so little profit, can grow from RM0.2 to RM5.5 now? Who expected HLT that made so little profit, can grow from RM0.2 to RM3.2 now? (With few days limit up some more) Who expected Esceram that made so little profit, can grow from RM0.2 to RM1.8 now? Who expected LKL that made so little profit (ok lahh handsome profit actually, but not as much as the price growth lorrr), can grow from RM0.2 to RM1.8 now?
BELIEVE ME, THIS COUNTER WILL REACH RM 2 at least! HOLD TIGHT TIGHT and never dump.... Just let the operator continue pump it gao gao!!! Less ticket for them to buy, they they have to buy at higher price!!! HOHOHOHOHO
if base on PE its 4414.. isit due to their past -ve EPS? as this company would be a turn around company Lets say their recent EPS is 0.19 but its only derived from 1 month operation in June... so can we assume an average of 0.6 EPS per quarter? not factoring the ASP hike, hence annual EPS of 2.4 P/E at current price would be 23.54
not sure if this view is applicable... would like some insight from other's future projection of their FA.. thanks !
well said ty to so much presenting FA ..hard to judge at this point about anually net profit since Q2 slow down production ..now it matter on Q3 - Q4 ... i assume anually profit will be so-so only cause lack of data..
Asia poly is manufacturing covid related acrylic products! from a losing company to a profitable company, will be much better next quarter! Es ceramics goes from 30+ sen to RM1.80+limit up with profit RM800K. Don’t panic to sell. Big player might take the opportunity start to collect in the morning and push up in the afternoon and further limit up in the next few weeks. Every thing is possible! As long as the company is doing well!
I'd a conversation with @aarontan1987 in the morning and the message were as follows;
Message: hahahahaha i dont care what they say but i oni care whether they make profit or not hahahahahaha if u ask me what the volume accumulation based on my calculation is at 64 when reach this level remember got at least 600% volume leveling here hahahahaha so if can break through without any rest we will see 70 cts one shot soon hahahahahaha
Message 2: hahahahahahaha u keep say got chance reach 1.00 or not that i need to calculate first then see whether volume got support or not bro hahahahahaha u cannot force me give u target without calculation that one i really kenot do hahahahahaha so far the target is like that if got changes i update u in pm hahahahaha
@aarontan1987 Thank you so much for your kind assistance. It came just when I needed it the most. I believe by sharing it to all of us here, it would benefit us all the most since the usage of TA with FA would greatly enhanced the odds of our success.
Thank you again to other contributors for sharing and may God bless you all, amen.
if based on new capacity 3rd line 800 mt on next year Q3, the price will go up at least 90 cents. However, this is based on Covid still not over and demand is increasing.. in my opinion, i believed next Quarter they can achieve better result. Anyway, still depending how operator play the games.
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willee2
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Posted by willee2 > 2020-08-06 21:40 | Report Abuse
tmr fake push and trap ikan bilis..