Impressive Q result. Revenue and profit up more than 100per cent compare with preceding Q. Keep it up and share price will move up with profit and revenue growing stronger.
If you compare the last quarter, profit was RM850K,revenue was RM12 millions. this quarter profit is RM4 millions. and the revenue is RM30 millions. Profit up by 370% , revenue up by 150%.This is the best quarter results since 2008. It shows increase in sales , efficiency,lower operating cost and cost of goods sold. This company major in manufacturing acrylic products, this is most needed as the covid pandemic is getting serious ,the products saleable worldwide. It also involves in renewable energy which is going to contribute to the bottom line coming quarter . At this juncture of world economic crisis , what counter can you safely invest? If you analyse the company, their profit is quantum jump instead of organic growth. Their new factory going to be in operation mid of next year, which will double the production quantity fr 800 tons to 1600 tons. More so, they are cash rich now after private placement at RM0.415 and the conversion of preference share and warrants
Just tell me any covid related company with solid factory and 70% export strong base, quantum leap in sales and profit , yet price stand still at 0.43 sen? Can you find one in KLSE? Es ceramics, Rgt, MTAG, Prolexus , Adventa, ? all are much much higher. I bought Es ceramics at 0.35 , sold at 0.60. Now RM0.60( after bonus issue, otherwise will be RM1.20 ) , yet profit is lower than Asia poly
“We received very encouraging orders from new customers from the USA and Europe, which has allowed us to gain access to one of the world’s largest acrylic consumer markets.
“With the emergence of the new application of acrylic sheets in social distancing and a prolonged trade war, we expect orders from these two continents to continue to grow moving forward.
“As a result from the higher sales orders, we expect our factory utilisation rate to rise in the coming quarters, resulting in greater efficiency and deduction in our production cost.
“The management is confident that FY20 will be a strong growth year for the group,” said Asia Poly.
really many haters this counter... catlim69 previously u asked people buy now keep say sell down... hkc guy in klse forum izit? hahhahahahha tiger balls
If spike up ! Congrats ! If market sentiment affects, good chance to average down and keep till next QR. Good company, strong growth. Either way is a win :)
next week event, US election, Cabinet meeting, Budget 2021, no confidence vote against PM, Mahathir wants to form a unity gov, more political turmoil next week ! Prepare for perfect STORM !
and world new covid19 cases hit 540k new world record, with many europe country registered new record cases, more lock down on the way which will hurt the economy very badly, France n Germany already lock down, Italy should be very soon, UK also coming, US new cases going to break 100k above soon. more to come.
If you think your comments can make the share price up or drop..then you must be naive天真的小孩. Instead of spread fear and talk cock here...better go to study which company will give your wealth rather than waste your time here.
dont forget today has 18million new shares listing, these ppl execise the conversion 1 to 2 weeks ago, now they got their share at huge loss (you cant sell during exercise), these ppl r panic selling, more conversion coming as asiaply-wa expire next month, expect much more selling pressure until all the wa converted. c u at 30c !!!
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
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 357 views | 2 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 11692 views | 10 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....
stockraider
31,556 posts
Posted by stockraider > 2020-10-29 08:54 | Report Abuse
Alot meh ??
Netx cash position is Rm 126m wor !!
Posted by Small_Ikan > Oct 29, 2020 8:49 AM | Report Abuse
sam8888 .cash position 70m + if include private placement