It need to hold above 0.840 today

I think afternoon will kaboom

Buy buying buying

Its going to form w shape pattern..buy buy...tmrw up.lo

Its easy will up 0.60

The operator pressing down...Guys buy Lot lot..dont make the Operator pressing down...i buying

Dont worry ..guys next week it will fly

Dont selll..it will rebound

Yes..slow and steady

Go go go..lol..i said it..

Soon it will fly ..lol. ..who CL ..pls sell to me...huhuhu

ASIAPLY is a company that produces a plastic sheet called Cast Acrylic Sheet. It was established in 1993. Back then, the company was only operating in a 200,000 square foot factory and a production line. After years of development, the company has developed its own product called A-Cast. With the increase in product demand and output, the product is supported by global network distribution. When the company was first established, the output of this product was 200MT per month. Now the company's output of this product reaches 600MT per month. AsiaPoly also has some real estate business.

Main business:
ASIAPLY mainly produces its own brand of Cast Acrylic products, A-Cast. The company has customers in Malaysia and foreign countries. According to the latest annual report (2019), 73% of the Cast Acrylic produced by the company is exported abroad, including Asian countries, Australia, Europe, and North America. The company also exports more stringent quality Cast Acrylic to Japan, Brazil, Australia and the United Kingdom. The company's products are manufactured according to customer requirements and can only provide customers with higher value and services.

The company's products provide good light transmission and can resist degradation caused by ultraviolet rays. Compared with glass, Cast Acrylic Sheet also has stronger shatter resistance and higher resistance to chemicals. These characteristics are needed in many different fields, such as construction, industry, transportation, automobiles, restaurants, and the medical field that has recently been touted.

Performance report:
The turnover of ASIAPLY this time is RM30.119 million, a 244% increase over the previous quarter. The increase in revenue was mainly due to increased demand in the local and export markets. The company received strong demand from new customers in the US and European markets. The net profit was RM4.077 million, an increase of 476% from the previous quarter. The net profit for this quarter is still the highest quarterly in the 12 years since 2018. The main reasons for the improvement in performance were the increase in average selling prices this quarter, the reduction in material costs and the increase in plant utilization. The company's business is mainly distributed in Brazil, India, Malaysia, the Middle East, the United States and Europe. This time, the average profit of each region has doubled from the previous quarter, especially in the United States, where the business grew the most, which tripled.

In the latest quarterly record, the company has expanded. The company’s industries, factories, and machines have almost doubled from the previous quarter, which is believed to be in response to more business in the future. But the relative debt has almost doubled, but it is still within a reasonable range of borrowing. Another good news is that even if the company’s cash now totals RM64.702 million, which has doubled from the previous quarter, the company can do more with this money in the future.

The company spent a lot of money to invest in the latest quarter, the largest of which was to acquire other PPE companies, and the profits of these new subsidiaries will be included in future quarters. In addition, although the company has increased a lot in financing activities, it is mainly from private placement, conversion of ICPS, exercise of warrant and money borrowed from subsidiaries, so you don’t have to worry about the company having to pay a lot of interest in the future because of borrowing.


Outlook:
Acrylic die-cast panels are used for many purposes, and because of the epidemic situation, acrylic panels have been installed in shops, restaurants, offices, hospitals and other public places during the year to prevent the spread of viruses and to stay away from society. The demand for acrylic die-cast plates has soared. According to a study, the global cast acrylic sheet market is expected to grow by 5% to 6% annually. In addition, the company has received strong orders from new customers in the United States and Europe. This allows the company to enter one of the world's largest acrylic consumer markets. Based on the above two reasons, the company believes that future orders will continue to grow.

In addition, due to the increase in sales orders, the company expects that factory utilization will increase in the next few quarters, thereby increasing efficiency and reducing production costs. The management also said that they believe that fiscal 2020 will be a strong year of growth for them.
#The above content is taken from the network

*The trading volume is gradually shrinking in the past few days. Observe whether 0.35 is supported or not. It will advance a small batch at this price. If it does not fall below, it will continue to increase the position

Bro..if u already sold..pls leave this counter..no need to comment bad...

Mark my word..this dec month it will go boom boom...let wait n see

No...it will up soon..

Sabar bro..ini kan naik tapi slow

Buy..buy.buy ....it will up up up soon

The noobs will sell it ..lol

New qr 1 compare with last year's qr 1..
Revenue New High, next quarter will break recrd also..go go up up up ..huhu

Buying buying...huhu

I hope so

If today close above or 0.440..it is good sign.

Hope will rebound today

When is gdex quater report?

I buy 0.455...but it falling

I will add more

I believe in kim❤

Tq very much..ur words really help me relax..❤

I hope so...

I bought at 0.440..i m scared now

Its going down..i m panic

Guys...pls ..pls dont buy this warrant