@tap70...still holding

Got to wait for the new production line to start kicking in some profit....always said that. Everyone though jumps on the band wagon on the news...

New production line is a reality, not just talk....https://www.youtube.com/watch?v=kYqkUN5310M

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.

bob follow this link, pan down the page and you will see the different type of uses. ...https://asiapoly.com.my/a-cast-clear/

@i3lurker you are a better trader than me...I went for a long term hold.

@i3lurker not you as well....lol

Bob .... I am still here and invested. Try not to attach so much emotion to the paper loss you are currently experiencing as you wont be able to think clearly and make rational decisions.

Bob nothing has changed...share prices go up and down.....

@123eztrade...No la. Eventually exports will improve and the additional production lines will then add value.

Still Holding....

gong xi fa cai

still holding....

wait for the new factory to kick in next year .....

Got to wait for new factory to be in full swing, then the results will be there. Current share price is likely to move significantly once the new factory profits kick in..... Be patient

This is an old press release in the Edge

https://www.theedgemarkets.com/article/asia-poly-overlooked-stock-amid-pandemic

'“The US market alone is probably worth US$1.2 billion per annum. Our total exports to the US are merely RM20 million per year. We are relatively small in the global market, but of course, the market potential is huge,” Yeo says.

Post-pandemic, the next big thing for Asia Poly could be serving the automotive and solar panel industries.

“Today, the sports car and electric vehicle (makers) are making window, windshield, lamp and meter screens using acrylic instead of glass, which is too heavy.”

He reveals that Asia Poly has been approached by a solar company and is now exploring the possibility of supplying acrylic to it.

“There are still certain criteria to be met. We are working closely ... we will see if we can achieve the quality and volume that they require.”

A year later they invest in a factory that boosting their production capacity from 800 tonnes to 3200 metric tonnes. quadrupling production.
Back in 2020 they were only thinking to double production up to 1600...Nobody does that on a speculative basis....

https://asiapoly.com.my/a-cast-clear/

@tap70....You asked for my view...still holding

from the above press release the key point is in the last line....

The Board of Directors of Asia Poly wishes to announce that the Company via its wholly-owned subsidiary, Asia Poly EV Tech Sdn Bhd (“APEVTSB”) had on 15 March 2021 together with Cyprium Wire Technology Sdn Bhd (a subsidiary of Ta Win Holdings Berhad) formed a new company known as Cyprium Asiapoly EV Sdn Bhd (“CAESB”) under the Companies Act 2016 with the principal activities of manufacturing and distribution of power and signal distribution system, high tension cable, battery cable and any other automotive parts or components for automobile and electric vehicles using patented cross-linking/ionizing radiation treatment which utilises electron beam irradiation technology as well as cast acrylic products for the automotive industry.

major uses in the future will be in the automotive industry and solar panels. Electric cars will benefit as acrylic is much lighter than glass.

Asiapoly is the only listed company on Bursa that produces acrylic sheet by the cold manufacturing process, most use a hot method, which results is that opaqueness. The cold method allows for great visual acuity which superior to glass.

All this really came about through covid, as during that time there was strong demand for the plastic shielding , as a result Asiapoly started to increase sales in America, Europe & Middle East. This resulted in them becoming more well known and as a result they got opportunities to do more business.

https://www.theedgemarkets.com/article/asia-poly-buys-keng-imports-exports-rm24m

Asiapoly had been in discussions with a purchaser for their product, but the concern of the purchaser was that there current factory was too small to deliver the quantity they needed. So Asiaply started to look for a new and bigger factory, in the end they landed up buying KENG IMPORTS & EXPORTS SDN. BHD who had a suitable sized factory that was very close to there existing unit. Once this is fitted out and running they will be able to produce around 3200 metric tonnes, they originally could only produce 800 tonnes . They acquired KENG IMPORTS & EXPORTS SDN. BHD back in May, so they been working on it for around 5 months. Looking forward this factory will kick into production at some point.

Probaby people buying in low, as they know the new factory is not far away....

Got to wait until new factory in full swing....wont be to long now.

awaiting update on new factory which will quadruple production.
https://www.theedgemarkets.com/article/asia-poly-buys-keng-imports-exports-rm24m

https://www.freemalaysiatoday.com/category/nation/2022/09/15/govt-to-increase-grants-subsidies-for-renewable-energy-says-pm/

Still holding....

Yes definitely 2 - 3 years, but market will see how. Thing is not to constantly watch the share price and stress.

Good for long term, must be very near bottom now!

Still holding.

Benny, how quickly you think all this good stuff is going to happen ?

ASIA POLY HOLDINGS BERHAD ("ASIA POLY" OR "THE COMPANY") SHARE SALE AGREEMENT - ACQUISITION OF EQUITY INTEREST IN KENG IMPORTS & EXPORTS SDN. BHD. [197501003872 (25561-P)]
We refer to the Company’s announcements dated 13 January 2022 and 19 January 2022 in relation to the Acquisition of Equity interest in Keng Imports & Exports Sdn. Bhd. [197501003872 (25561-P)]("Acquisition").



The Board of Directors of ASIA POLY wishes to announce that the Company had on 23 May 2022, received a confirmation from the Company's solicitors that the Acquisition has been duly completed on 23 May 2022.

So new factory legals only completed 3 months ago....still going to need time to purchase, fit out and build new infra.

Asiaply is fitting out a factory that will permit them to quadruple their current level of production. Asiaply are fairly conservative they did not do that without an end purchaser in mind. They will also have the additional income now being fed in from the biogas plant. The wider external factor, e.g. Russian / Ukraine war, inflation, Covid, impending elections etc. Plus the supply delivery challenges have effected all markets across the world, nobody could have anticipated all those factors. I am still confident in asiaply, but expect to have to wait through the current market turbulence. So I am holding.

Now 0.12 ...Still holding

Both Tawin & Asiaply got new factories now

Share price on downward trend, but that is the current market. Falling all due to external factors. Asiaply quitely building new factories that will quadruple their production. Asiaply looking like a bargain @ RM0.10???.....I think so. Still holding.

Our call. Maintain BUY on Sapura Energy with lower TP of RM0.12 (from RM0.15). We think the upcycle in O&G offshore projects should improve its earnings outlook, hence potentially leading to the agreement on its debt restructuring plan.
Source: BIMB Securities Research - 28 Jun 2022

waiting RM1 in 2025

it's not about timing the market, but about time in the market.....

@HamsterHuat, no announcement is going to make a difference in the current market, but just shows that asiaply is quietly doing good business in the background.

@Benny the announcement was made by asiaply on the 15th of June 2022. I am just sharing the information.

Good News...Asia Poly Notification Of A Successful Bidder Under The Sustainable Energy Development Authority ("Seda") E-Bidding Mechanism In Relation To The Development Of Small Hydro Power Plants With An Installed Capacity Of 10.0 Megawatt.

Hong Leong forcast for Top Glove - KUALA LUMPUR (March 22, 2021): Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating on Top Glove Corp Bhd with an unchanged target price of RM8.14 as it expects the group to post stronger quarter-on-quarter (q-o-q) results in the three months ending May 31, 2021 (3QFY21). Today Top Glove just RM1 !

Still Holding....

@BennyChill, turn off your pc and stop watching the SP.

At one point Asiaply did a private placement at 0.416., which was taken up.

Market is bad, many external factors. Do Asiaply have new factories on there way....yes...Do the new factories have the capacity to quadruple existing production levels and provide solutions for electric car market....yes. Hence just a matter of time...so Still Holding.

Still Holding ...