"In the press briefing by Dato Yeo, the CEO, we got to know.. June/July Avg selling price is $2700 per tonne of acrylic. And cost of MMA is $1330 per tonne. Understood previously that MMA constitute roughly of 70% of costs...
From June, ASIAPLY is running at full capacity of 800 tonnes a month. This means:
Yesterday announcement, Dato Yeo disposed 5 millions shares off market @ RM0.53. I don’t know sold to whom. If someone is buying at 0.53, that means the price can go up way higher than the price, isn’t it?
$800 x 800 tonnes x 3 months x USDMYR 4.2 = RM8m profit in Q3." If this is correct and maintain the same for Q4 2020 & Q1 2021 At P/E 20, Asiaply should worth Around RM1.1 right
According toDayo Yeo, given that both of Asia Poly’s production lines are currently running at full capacity, the group plans to add a third production line by June 2021.
The third production line, which is expected to run at full capacity in September 2021, will effectively increase Asia Poly’s manufacturing capacity to 1,600 tonnes per month.
It is interesting to note that the third production line will be a versatile one, with the ability to manufacture thicker acrylic sheets of up to 105mm.
If we blindly follow the calculation, the calculated Fair Value/Intricsic Value is only about RM0.10. The current price is RM0.41 is till over-priced. Another point to consider is, once the Vaccine is announced, will their sales drop?
This morning, i see many small individual players are scared and threw their shares. These are the emotional group, and also the group that holding majority of the shares now based on rumor entry. I think, today likely go down to 0.30 level.
lol, now you can buy cheap, but you think next week will go back to 0.6 for you to sell ??? the bullish trend already over ... now what you can do is buy at extreme panic sell down and sell on rebound ! if you buy only after rebound like 2 days ago at 0.45 then you will get slaughetred again
So far this is whole market trend Not only Asia poly get affected Hopefully market will recover soon and believe that Asia poly will make us proud again in that moment
definitely time to buy since I know Datuk Yeo is doing something to pump in more funds. This will definitely scare off small investors who panicked but they will linger around for a rebound signs.
Don’t forget asia poly’s f&b chain restaurant uncle don is making huge profits before lockdown and they are picking back up fast after pkp ended.
They have a biogas plant in dengkil to be sell off for more funds.
Upcoming new renewable project direct nego with Sultan Kelantan. Guess where all the funds will go to? Their assests are still much higher thn debts currently.
Sorry. Been busy. I am still holding. Managed to buy more today. The FA aledi proven to be strong till early next year. Chill guys. Dont look at it everyday. Heart attack one. hahaha Happy weekend guys.
Read news this morning that all comfort taxis Singapore will install acrylic sheet for safety reaaon. Acylic sheet demand continue to be in high demand and price will go up further due to worldwide shortages like nitrile gloves. With this asiapoly qill be a good buy at current price. 60cents tp rumuors will be a reality and is a matter of time.
I see more and more restaurants' cashier counter installed acrylic sheet to shield staffs from the covid19 and other viruses as well. Huge market in malaysia alone. market shortage continue to push up sele price which will benefit greatly to Asiapoly. I strongly believe 0.6 is imminent and tp of 0.8 is reachable. The latest private placement is 0.53. it showed the confident of investors on Asiapoly.
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capricornus_tai
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Posted by capricornus_tai > 2020-08-12 21:56 | Report Abuse
Yea disposed via off market at 0.53 price