https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3108579

報捷！高端於國際權威期刊發表COVID-19疫苗臨床前試驗數據
https://m.ctee.com.tw/livenews/kj/ctee/A88131002020111917273636

TAIPEI (Taiwan News) — Taiwan's Medigen Vaccine Biologics Corp. (MVC, 高端疫苗) on Tuesday (Nov. 24) confirmed it had signed a memorandum of understanding (MOU) with Malaysian firm Metronic Global Bhd (MGB) to help with coronavirus vaccine distribution in the Southeast Asian nation.

The first vaccine developer to receive subsidies from the Taiwanese government, MVC is expected to enter its phase 2 clinical trial as soon as the end of the year, along with two other Taiwanese companies. The official distribution agreement with MGB will be Taiwan’s first coronavirus vaccine order from another country.

On Friday (Nov. 20), New Straits Times reported that MGB had inked an MOU with MVC to become the distributor of the latter's vaccines in Malaysia and potentially other countries. The deal will allow MGB to secure approximately 3 million doses throughout 2021 at a discounted price of US$50 per dose.

What fishy? Asia poly in full capacity now, GB only used up 50% capacity, that is why Asia poly wants to buy up 30% shares of GB. This is synergistic effect, Asia poly extra sales can pass over to GB

For people keep mentioning vaccine out, Asia poly die , are the people with malicious intention. Acrylic is different from gloves industry, please study properly the company, no doubt covid pandemic is an added to the industry!

Yes, TP is 70

Asia poly future will be very bright irrespective of whether there is vaccine for covid. Health care is only one of the industry, there are still many other industries, such as electronics, automotive, building construction, agriculture, education etc, you name the industry, acrylic is needed! Don’t over exaggerates acrylic futures only depends on covid!

"Furthermore, given that Asia Poly's production lines are currently running at full capacity, the acquisition shall provide an immediate expansion opportunity as GB Plas' plant is currently running at a utilisation rate of between 50% and 60%. This boosts our initial plan of doubling up our production capacity to 1,600 tonnes per month by September 2021," Asia Poly executive chairman Datuk Yeo Boon Leong said in a statement today.

Meanwhile, Gooi said: "We see a rising demand for extruded acrylic and plastic sheets in Asia, the US and European markets. In fact, we are anticipating a large long-term contract from a US customer which is currently in its advanced stage of discussion.

"GB Plas will be able to tap into these markets even more efficiently through the market channels provided by Asia Poly. Just like cast acrylic sheets, we have seen a sharp spike in orders from new customers this year, thus it is important that we capture these market opportunities by having a larger combined presence through this corporate exercise."

This is the solid efforts by the management! While waiting for the new factory ready for operations in June, 2021, the management expand their market shares by investing in GBP so as to capture world market shares earliest possible!Waiting for Asia poly to fly!

Buying 30% of one of the world leading manufacturers and exporters of extruded acrylic and plastic sheets!! One of the best and fastest way to increase the market shares, profitability of the company!

Good news to all shareholders

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3106150

LKSGSH This is a public forum. I m not asking stupid questions.Unless you have some facts to substantiate your statement, or you may just mention confidence on uptrend. Just simply put Monday 40 sen, Tuesday 60 sen,if it is not materialise , it will mislead a lot newbies! Be responsible for your statement

LKSGSH Look like you are part of the big players. You give such a definite uptrend figures.

If the news is true, venture into Medicare, vaccine production and distribution is the perfect timing. Not to mention up 50 sen, 2 or 3 ringgit is still possible!

LKSGSH What make you so confident next week by Wednesday will reach 40 sen and above? Any solid reason or TA or just guessing?

Hold but be prudent. Don’t over commit and monitor closely. Who knows it might be another undiscovered gem/ diamond

There are high possibility the players will push further to 20-25 sen or higher. If you can recall, at the covid pandemic early stage, Dato Tan was in Inix to declare venture into gloves industry, the Inix shares price spike from few sen to abt 80 sen. Now Mtronic venture into Medicare products to distribute covid medical products, the timing is perfect, vaccine from China /US is ready for distribution by Mtronic??? If you read carefully today announcement by Dato Tan, there will be good news soon for the counter!

Optimistic with prudent.Monitor it closely

Be alert of this counter. Don’t be too optimistic It can sell down immediately within one or two days and back to square one. Be aware of your hard earned money .

Acrylic products not only applicable to health care , it also needed in many industries such as education, automotive, buildings, and other engineering fields. Why the boss wants to expand and double the capacity ? Don’t you think that the management knows covid will be over once the vaccine is in the market? Think for yourself!

Our parliament is in session to debate abt the 2021 budget. If you closely look at each parliamentarian table , it is all divided by the large piece of acrylic sheet side by side , even some use face shield to protect themselves. This is the products that manufactured by Asia poly.
How Asia poly benefitted from the covid pandemic? This is one of the good examples. Bear in mind, it is worldwide using acrylic to protect oneself especially in education and health care industry

Alanheng Totally agreed. Asia poly has all the expansion programs and proven records. The company has turn around and making handsome profit. Temporary setback is normal. But mid term 4th quarter to 2021, 0.70-1.00 is almost certain Better than you put in bank savings!

Sam8888 Everything is possible!

Malaysia gloves makers, due to covid, by far , is the world biggest!
Asia poly , who knows, after its 40 millions private placement and the conversion of preference shares and warrants, is cash rich, may use the fund for merger and acquisitions, to kickstart the consolidation of local acrylic industry !
Who knows, we may witness the birth of the biggest acrylic manufacturer in Asia , as the name implied!

By the time, every year big Dividend is small issue! Agreed?

KUALA LUMPUR: Tek Seng Holdings Bhdposted a net profit of RM8.1mil in the third quarter ended Sept 30, 2020, as compared to RM191,000 in the previous corresponding quarter on an increase in demand for personal protective equipment and higher contribution from the PVC segment.

The polyvinyl chloride (PVC) sheeting manufacturer posted revenue of RM49.29mil versus RM39.96mil in the previous comparative quarter.

According to the Executive Chairman Datuk Yeo Boon Leong :
"Looking ahead, we are confident that FY20 will be a strong growth year for the Group," he said in a statement.

The 3Q result has brought the Group's 9-month cumulative quarter revenue and net profit to RM57.29 million and RM4.70 million respectively, as compared to RM54.64 million and RM6.64 million net loss posted same period last year.

This puts APH on track to return to the green in FY20 after posting losses in the previous 2 years.

According to a filing with Bursa Malaysia, APH has seen a sharp spike in orders from new customers in USA and Europe.

Export sales reportedly grew 2,583 per cent to RM10.25 million compared to only RM0.38 million in the 3Q last year.

Given that both of APH's production lines are currently running at full capacity, the group plans to add a third production line by June 2021.

The third production line, which is expected to be ready by September 2021, will effectively increase APH's manufacturing capacity to 1,600 tonnes per month.

The group is currently running at a maximum capacity of 800 tonnes per month through two production lines out of its facility in Klang.

APH is the only listed Malaysian manufacturer of cast acrylic sheets.

Cast acrylic sheets are used widely in sanitary wares, signage and displays, architectural designs, interior design, automotive and transportation, and other applications.

Other applications include food, medical, industrial equipment, and sports.
"Looking ahead, we are confident that FY20 will be a strong growth year for the Group," he said in a statement.

Price down is the opportunity to collect. Ultimately intrinsic value will tell. Instead of listening or buying speculative or rumour counters, at this highly uncertainty and fluctuating moment, better stick to and invest in solid , high growth counters , eg Asia poly

While listening to numbers of negative comments, why not we put ourselves to read some research comments, which is more objective and reasonable

Others comments on Asia poly

$ASIAPLY / 0105 (ASIA POLY HOLDINGS BERHAD) - Record quarterly revenue and best quarterly earnings in more than a decade. The result confirms the transformation of fortune for the company.

ASIAPLY reports a 290% and 370% increase in earnings YoY and QoQ, on the back of 1) higher demand from the local and export markets 2) higher average selling price 3) lower material cost and 4) better factory utilisation rate.

Furthermore, on the acrylic demand, the company received strong sales from NEW customers in USA and Europe market, gaining access to the one of the world largest acrylic consumer market.

The company also commented: "The management is confident that FY2020 will be a strong growth year for the Group." Positive all around.

~~~

In my opinion, ASIAPLY Q3 2020 is the start and the base of the "good times", confirming the transformation of fortune for the company due to the pandemic. Acrylic sheet had become one of the hottest commodities from the pandemic as it is now an important tool to get out from the global lock down. It can be a barrier to adhere to social distancing measures, a prevention of spreading respiratory droplets and a key material for face masks.

My understanding from AGM, investor briefings & ET interivew, ASIAPLY is currently running at close to full capacity of 800 MT per month, orderbook is filled going into 2021 and MMA price was still low in early September. Third line will be ready in Q3 2021 and will double capacity to 1600 MT a month.

A Very simple back of napkin calculation for FY 2021, taking RM4m net of this quarter as a base, and assuming full capacity of new capacity in 2H 2021 and 20% increment in quarterly earnings due to economies of scale once new capacity is in, FY 2021 net profit for the company could be roughly around RM26m. At current market price, ASIAPLY is trading at a mere 11x forward PE.

~~~

The big question, as @wsoh rightly pointed out, is whether the demand for acrylic sheet is here to stay post COVID & how does that affect the company?

In my opinion, of course the spike in demand will eventually die down, but what's to note is that ASIAPLY was finally able to break into the US market, the biggest consumer of acrylic sheet pre-COVID, a market which consume billions of ringgit on the commodity annually.

ASIAPLY market share as a manufacturer of acrylic sheet is miniscule (less than 1%) in that context. What COVID19 had done in recent time is that they have given themselves a chance to build relationship and get a small piece of the pie from the big boys. Long may this lasts. Furthermore there was a study that says:

"Acrylic sheets have a high concentration. The top six companies account for more than 45.92% of market share. Evonik, Mitsubishi Rayon, Altuglas (Arkema), Plaskolite, Taixing Donchamp and Polycasa are the tycoons of acrylic sheets. Evonik is the largest manufacturer, with the market share of 14.60%."

Perhaps Asiapoly can be a new alternative to the biggest manufacturers. Afterall, the company had recently added RM40m cash for m&a. Is that bullet to be used to buy some regional acrylic players?

Time will tell. Best to continue hold and monitor ASIAPLY over the next few quarters.

Reasonable comments from other group

Looking to $ASIAPLY / 0105 (ASIA POLY HOLDINGS BERHAD) QR.

I made a simple calculation on what should be the price of Asiaply in the next QR

Bear Case:
I Made an assumption that q4 PAT will be the same with q3. With the current P/E ratio the price of Asiaply will be around RM0.59

This calculation has set aside additional income of RM5,88M cash in hand and 64M ordinary shares of $DOLPHIN / 5265 (DOLPHIN INTERNATIONAL BERHAD) from the disposal of Uncle Don to the Dolphin Bhd

Moreover, i also didn't take the fact that there will be another production line kicks in. Whereas it is believed to fulfill the demand coming from both US and Europe continents. As a result, there will be greater efficiency and deduction in their production cost

Profit 8 millions

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100880

“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.

The price may up or down temporary for different reasons, but the intrinsic value will ultimately out beat whatever negative comments

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

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

3rd quarter results out. Profit after tax RM4 millions plus. The best profit ever after year 2008.Comply with what market expected.
Compare with corresponding period at the loss of RM2 millions plus, this company is now at the very strong position!

I expect next quarter profit will be easily jump to RM7million or more due to additional contributions fr renewable energy, rental and disposal of assets

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100618

yapcheebeng. Read my statement clearly, since the announcement of 2nd quarter results.

tap70 Agreed

Es ceramics up from 35 sen to RM1.20, quarter profit only 3 million. You can see the potential of Asia poly if the coming profit is what is rumoured

Don’t simply listen to the hearsay news. Look at the fundamental. A very good company.

Last quarter profit RM850K, up from the loss of RM3.2 millions comparing the corresponding period. 3rd quarter soon to be announced, market predict the profit will be very good , around 4-5 millions or more. Definitely 4th quarter will be much much better. This is covid related counter, has not been really up since announcement of 2nd quarter results. Hold tight, a solid company

Market saying results out this evening

Just wait and see the results first

I studied Sanichi movement. Yes. It is quite similar to Mtronic. Cita realiti built its shares holdings to abt 24% and pushed up the price to 11.5 sen in June then dumped the price to around 6 to 6.5 sen. It’s shares holding reduced to abt 7 % now.
Maybe Cita realiti will reduce further its shareholding of 11% to 7% in Mtronic. Let us monitoring Pang counters, if Sanichi, MNC plays the same tricks again, hopefully all investors be alert. Same old tricks can keep repeating but feel sad for the genuine small investors. Be careful with your hard earned money.
Just hoping Pang and its gang don’t repeat the same tricks

Why Pang and the gang want to dispose the shares and on the other hand compete with Tan Sri LKY for the controlling stakes? Does it sound contradicting? I don’t know the corporate games. One things for sure, it is quite different from Sanichi , MNC, I suspect something is brewing
Mtronic is a cash rich company. For those who have already loss, just hold on and observe for sometime. My view might not be right.

If you read back the announcement, Cita realiti did dispose big chunk of shares in March, and bought back from June onwards. Tan Sri LKY disposed his abt 30% shares holding on 22/9 & 24/9 respectively. LKY bought around 7.5 to 8 sen and above. He sold all his shares in the open market above 8 sen if you studied the two days market price. Who is buying all the shares? Definitely is Pang, Pang company andthe gangs. Do you think they want to press further down to 0.05 -0.06 and allow others to collect? I don’t know the reasons they pressed down the shares so drastically. It is a bit abnormal. Anyone can explain? I believe they sold at a loss !

Erik7865. Sorry, I wrote wrongly. It maybe announced beginning of Nov

This quarter ended on 30/9. Normally announcement on Nov. But can be earlier.
Last quarter announced earlier. So it can be on beginning of Nov. I presume

Coming quarter results most probably will be announced beginning of October. Abt 3 weeks to go! This quarter fantastic results any layman can guess! A covid related counter, with full quarter operation, 70% exports!
Hold tight!! Coming week anytime might break 0.60 sen!