I think even kindergarten kids would not believe half a word you said.......pathetic piece of scumbag...Luckily we didn't choose to believe the new factory and productions........Scammer! When was the price up last time??? WTF are you talking about up and down?? You have lured many investors to lose money........
You think we are all uneducated like you are??? Who said acrylic plastics can replace glass windows for automobiles?? Plastics burns and doesn't break and smash into a thousand pieces in an accident...WOULD NEVER BE APPROVED FOR USE IN CARS........Don't need to tell more stu...peed lies...
The APBGSB biogas project in Tapis is still under construction, which as of now is at 70% completion. The company has obtained extension from SEDA which the new date of Initial Operation Date (IOD) is 28th November 2023 and new date of Feed in Tariff Commencement Date (FitCD) is 31st January 2024.
costs usually will continue to rise due to increase price of raw materials, labor, and production costs. cast acrylic demand was high during covid, they were used as shield and was fast selling to end users.
so to say, cast acrylic made from polymer and polymer came from crude oil, so in a way, crude oil price will play a role in the price of the materials.
since covid no in the theme this year, doesn't mean covid have stopped. covid is forever, only the intensity of the infection of covid, will also determine the demand of the cast acrylic.
besides covid, they are used for roofing and as construction materials. so, the demands always be there.
Constructive criticisms is always welcome to the Forum. According to Dato' Yeo, Asiaply made profit when MMA raw materials for manufacturing Asiaply's cell cast products dropped from USD2,750 Mt to USD1,400-USD1,350 Mt. Asian MMA price had dropped from USD2,257 Mt in December 2022 to current price of USD1,499 Mt as of May 2023? With increased exports to India, Middle East & US Market and improved company results in latest Qtr., Asiaply should start recording profit from coming Qtrs. in 2023 after economies of scale from Asiaply's new production lines & factory?. Also cashflow will be improved with cash receipt in June for balance of RM10.2 million from sale of 15% shares in Cyprium Wire Technology S/B for RM12 million. Latest Qtr. 4 Report indicated FD of RM14 million with Cash & Bank balance of RM10.35 million, so cashflow is not an issue.
Is this Bobby boy the former Benny boy? How are you Bobby boy? Why go every thread piss and curse like a baby throw tantrum? It seems you did follow thoroughly on Asiaply This penny stock already gone south to the bottom What’s the point of winning and cursing here? Boss already finish goreng and most retailers already throw and gone Fluffy just said hi once a while Are you seeking attention here? If you are then you are doing great job!! Seem like there’s still a lot of Asiaply supporters here!! Asiaply won’t simply PN17 because with the money they sapu from WA and WB they still can lurk around for many years.. You take care Bobby boy.. take it easy..
Sometimes TOP 30 shareholders also make mistake, remember those that bought GLOVE stock? Ark Invest? Cathie Wood? She miss out on Nvidea!! The differences between TOP 30 shareholders and normal retailers are the got big chunk of cash and their holding in Asiaply only account peanut portion of their portfolio. They don't mind their money rot over there for many years and they are insider, you donno what they are conspire about. Asiaply earnings are like abysmal ever since the beginning and thanks to COVID19 they hit jackpot!! How lucky are Asiaply!! Once in a life time opportunity to make money both from their business and from retailers!! Especially retailers, seeing the news that COVID19 spread via droplets and acrylic shield can prevent, they SAPU like no tomorrow. Pls think again, most virus spread via airborne and the hype already long gone. See what happen to GLOVE makers now, rock bottom, shun their production line. Asiaply is 6 cents before COVID19 with TINY profit, now after their thoughtless crazy expansion their overhead is skyrocket and cause 6 consecutive quarters loss making. Even 9 cents now seems like an illusion, it might be an opportunity for those TOP 30 shareholders to flee!! With current economy outlook domestically and internationally, you don't need a genius to tell you the outcome. Property sector in deep trouble, scratching their head, YBS and Sunsuria diversify to EV. Asiaply wanna sell to who? coming QR ought to DOOM, there will be no mistake it will plummet to 6 cents and then 3 cents!! Catch the falling knives? Anybody?
Bobby pls don’t degrade yourself with such vulgar words. Investing is not easy, Betty just don’t get it and by looking at the chart won’t get you anywhere. Go read the QR!! If it just as simple as looking at the chart everybody would be a millionaire!! 3 cents is coming!!!!
A Brief Review of Asiaply Quarter Performance (2023-08-28) Quarter Result on 30-Jun-2023 QoQ - 204.31% YoY - 469.45%.
(a) Performance of the current quarter against the preceding year corresponding quarter The Group recorded revenue of RM27.314 million and profit before tax of RM2.411 million as compared to revenue of RM23.390 million and loss before tax of RM1.085 million recorded in the corresponding quarter of 2022. Performance of the respective operating business segments is analysed as below:
1. Manufacturing The manufacturing segment's revenue increased by RM4.305 million to RM25.930 million, as compared with RM21.625 million recorded in the corresponding quarter of 2022. The increase was mainly attributed to the increase in sales volume. During the quarter under review, this sector posted a loss before tax of RM2.163 million compared to RM1.015 million in the previous corresponding quarter. This was mainly due to lower average selling price and higher production costs which resulted in higher loss in the current quarter.
2. Renewable Energy Segment The renewable energy segment recorded a revenue of RM1.384 million during the period under review. The revenue was contributed from the biogas plant for the sale of electricity to TNB.
3. Investment Holdings Segment & Others The investment holdings and other sectors recorded a profit before tax of RM4.574 million. This was mainly due to gain on disposal of investment shares in an unlisted associate.
Business Prospects The Group is primarily engaged in manufacturing of cast acrylic sheets. Cast acrylic sheets are used widely in sanitary wares, signage & displays, architectural designs, interior design, automotive & transportation, and other applications. Other applications include food, medical, industrial equipment, and sports. According to research, the global cast acrylic sheet market is expected to grow 5% to 6% annually. The demand for cast acrylic sheet will continue to see a gradual recovery from both emerging and developed economies.
The Group has introduced an eco-friendly cell-cast acrylic, a-castGreen readily replaces and is suitable for use in a broad range of indoor and outdoor applications. Its characteristics are comparable to virgin monomer produced acrylic especially in key areas such as light transmittance, surface characteristics, durable and easy fabrication, and machining.
The Group has also set up a joint venture company, Asia Poly Worldbizz Sdn. Bhd. which specialise in design, supply, fabrication (including thermoforming and on-site chemical bonding) and installation of acrylic panels. The Management is optimistic that, these will drive the growth of the Group moving forward.
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....