I m still holding this counter when WA was 2 sen and PA 4 sen. The reasons are as follows: 1)The company is in full production till next year, 2)70% sales are exported to US and Europe ; 3)lower raw materials and operations cost, 4) new production line to begin next year June and production volume doubled from current 800 tons to 1600 tons. 5)Covid pandemic is still outraging worldwide 6)Diversity acrylic products to wider and high end, which in return earning higher margins 7)Renewable energy begins to contribute abt RM2 millions profit per year beginning from 4th qr this year 8) Collection Of millions of rental per year 9) Private placement well taken up at 0.415, 80 over millions PP shares listed. It means the investor has high confidence on this counter 9)As compare to masks and gloves, acrylic has wider range of usages, it cut cross to health care, industrial, property, foods, education etc. 10) The PP funds will be used for more expansion programs
Hopefully you all can take note! Asia poly is covid related counter. Financial closing on 30/9, Results will will be announced in Nov. 70% exports, Full operation till next year, private placement fully taken up and the fund is used for further expansion. I strongly believe the company will perform much much better than last quarter. Just hold and be a bit patience, you will be rewarded handsomely.
I observed There are people preventing this stock from going up by placing huge volume in the sell side, And pushing it down whenever people start buying up. It had been like this for since PP offered, that’s why not seeing any upside progress.
sam8888 Your observation is true. Big players are accumulating and flushing out weak holders. The quarter results will be very good, expecting to announce in November. Price will be gradually pushing up or spike in sudden. Don’t miss this opportunity!
lau I agree with your findings and reasoning, the only thing that is missing now is the oom Sentiment ofthe market.Probably have to wait for 2 weeks, let the correction or what ever you called it be done with. Hopefully by then we will see an uptrend.
Today up from 0.42 to 0.50, almost up 20%. Just the beginning. May soon cross 0.60 and further 0.70. Just hold tight. Quarter good results out in Nov. Now October begins to build momentum for higher level
Morning guys. Congrats to those who still believe in this counter. I personally is in for mid to long term. Up and down is pretty healthy. As long as they are profitable.
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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....
Erik7865
44 posts
Posted by Erik7865 > 2020-09-24 15:51 | Report Abuse
This month volume very low....