I read back last year Jun 2019 financial report, the recent sudden spike of shares prices, the only factor that can make the counter jump high is the gold factor. Gold price now almost touching US 2K“. The report read:
“on a positive note, the division’s exploration team had yielded encouraging results on the gold exploration conducted at Bukit Ibam, Pahang with inferred reserves of 1.8 metric tonnes of gold. Initial findings covering an area of about 1.98 hectares out of a total of 187 hectares in the tenement showed that the indicated gold grade is about 1.08 grams of gold per metric ton with a total probable gold reserves of about 550 kilograms. The Management is evaluating all options available for optimal production arrangements to extract the gold ores which will contribute positively to the Group in the foreseeable future.”

The current shares spike will it becos of gold factor? High possibility! I guess!

Notice of Annual General Meeting ("AGM")

The AGM will be conducted on a fully virtue basis at the Broadcast Venue via Remote Participation and Voting Facilities
Date of Meeting 06 Aug 2020
Time 10:00 AM

6/8 will be AGM, expect another level high !

Govt fixed mask ceiling price is RM1.12/ piece. I met one supplier, he told me current selling price of 1 box 50 pieces is RM25, RM0.50/ piece already good profit. If shot up to RM 1.00, the profit will be double. Effective from 1/8, compulsory mask wearing in public area, the demand will be very very big. You can imagine this counter profit will be double or triple ! Buy and keep now!

Can buy in PA and WA, there is premium gap with the mother shares

From market “rumours “ or news, & from the market price movement , we know for sure, the qr results will be very good.

There was a forum saying that market rumour in coming qr profit is RM7 millions. Is that possible?

I m not intraday player. But keep certain portion for long term. In between buy and sell if there are profit

Not bad, closed at 0.33. Most probably by this Friday closing will be around 0.35-0.36

Quite steady closing. Hopefully afternoon begins to spike as what aarontan1987 claims 36-37

aarontan1987 You seem expert in this counter and hv done a lot of studies technically. What is the % cross 40sen this week?

aarontan1987. I hope so

Please don’t attack each other. Back to the question, what happens to Netx now? Can Calvin or some other put some comments on the shares consolidation and rights issue? I believe most of the investors begin to worry, b4 that so many positive talks on this counter and telling it is a cash rich company. Now turn out to be hv to get shareholders to pump in more money!

The results might not be as good as what we expect or we put too high hope on the profit. Anyhow, I still hv high confidence the August results will definitely better than last few quarters, if not spike high

I don’t know abt Chee Wah. But I think asia ply is producing acrylic which is in real need at this critical covid pandemic and in full force. Whereas I guess Chee Wah was the counter based on rumours to goring or signed some MOU which was to cheat or not being able to materialise.

It is good to stop a while and then push further. It will be healthy for a counter to move steadily instead of pump and run counter

aarontan1987 I think it is almost impossible the August results turn bad. Last qr report clearly stated the production is in full swing during MCO with special approval fr MITI and the machines are fully occupied till year end and possibly to next year. I m very sure the results will be very good

There are so many poor fundamental counters spike like nobody business. L&G is a good fundamental company. Buy and keep without worry

This is a good company. The major shareholder David Chou is a genuine owner , keep buying company shares but never sell. Paying dividends to shareholders every year. Only this year due to covid pandemic no dividend payout but proposed to use the profit to shares buyback which will benefit all shareholders.
The shares downturn is just a temporary setback due to withdrawals of foreign investors, I guess. The proposed shares buyback will push up the shares price soon. Buy and keep.NTA abt 37 sen with strong fundamentals

leeruzi7 what type of trap you think they will put?

aarontan1987 this counter moves slow and steady, it allows enough time for unsustainable investors to sell or hold. I think it is a good sign!
U notice some speculative counters , up very fast and down also fast, it trapped many small investors !

I can foresee the qr results will be good and company is on right track. Insiders keep collecting

Last minute eat up all 0.335 sen. Strong buying from big investors. From this few weeks trend, I don’t see sign of speculation or strong sell down. Just small correction and upsurge again.

Good closing with strong support. Next week begins to spike....

Worldwide short of gloves supplies .American needs gloves more than anyone

Top gloves boss said, no big deal for America barring his gloves to enter the us market, it constitutes only abt 12.5% of its total sales, this quantum can be easily absorbed by other countries. Tomorrow top gloves shares price back to normal. Asia poly continues its momentum

Today announced Dato Yeo sold at 0.20. Tomorrow the big player might take the opportunity to dump and buy back the panic sellers shares

Ha ha! Everything is possible

Why the major shareholder Dato Yeo wants to dispose the company shares if the future is good? I understand Dato Yeo owns two other listed companies.

i3lurker and aarontan1987 So what is your decision to this counter? Sold or keep?

Hope to get your opinions how you interpret the off market deal

He threw 5 millions shares in the off market at 0.20 .Take note, it is off market, not open market. 1/3 below market price,you believe? It must be some positive dealing to exchange for some conducive deal which might bring Asia poly to greater heights!

Hv confidence on this counter !
Firm closing at 0.31-0.315. Will move up gradually 2-3sen daily

Second wave confirm!

aarontan1987 Agreed. Just hold tight. The big players purposely capping the spike and keep flushing out those impatient and unsustainable investors. Anytime from now it will spike further. Gloves counters prices again shooting up like nobody business ! Asia poly business very much related to gloves counters and benefited the most fr covid pandemic

Strong resistant at 0.295 and great absorption. Correction over soon. Hold tight

aarontan what do you mean by weekly and monthly down ...?

Just do some studies on this shares!
It is a good sign when the directors own a significant stake in a company. In Asia Poly Holdings Berhad’s case, its Top Key Executive, Boon Yeo, is the largest shareholder, holding 22% of shares outstanding. Soon Thoo is the second largest shareholder with 4.5% of common stock, followed by Kong Wah Liaw, holding 4.1% of the stock.

A closer look at our ownership figures suggests that the top 17 shareholders have a combined ownership of 50% implying that no one share holder has a majority.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. As far I can tell there isn’t analyst coverage of the company, so it is probably flying under the radar.( From simply wall St news)

The company manufacturing sector contributed abt 96.6% of its total sales in 2019, out of which ,72% were from export market. Acrylic same as gloves and masks, are essential products during covid pandemic, no wonder Asia poly can get special approval from MITI to operate during MCO period.

aarontan1987 Agreed! Not many counters like Asia poly with strong fundamentals! Cash rich and supply much needed acrylic products worldwide and renewable energy

No exaggeration or boasting! Keep it and hold tight. Most probably qr report will be out mid or end of August. I can foresee qr report will be very good as the company not affected by the MCO, it got special approval from MITI to run its production 24 hours to supply worldwide!
Gloves counters buy-in price being revised several times by Analysts due to covid getting much serious , same as acrylic supplier—Asia poly!

Retailers participation in the local market getting higher, foreign fund begins to move their fund back. I can foresee the covid related counters will be their target buys. The recent technical analyst recommended “ strong buy “ in weekly and monthly summary analysis

Covid pandemic getting serious, worldwide infected cases figure break record every day. This will benefit Asia poly very much as the acrylic supplies will be at its peak till next year. Similar to the gloves counter!
In addition,its renewable energy will contribute much weight to its bottom line.
The Executive chairman cum CEO Dato Yeo and Director have increased their buying in the open market, this shows they hv high confidence to the company performance.
US Down Jones breaks its records high again yesterday couple with Msia bank negara reduces interest to its record low. I believe Monday morning will see the counter moves further up! Hold tight!

The directors are insiders. If they keep buying,and in big quantity, what does it mean? it means they hv high confidence. RM 0.70 - RM1.00 as some investors put it maybe a reality !

The Director has strong confidence on the company and bought in big quantity of shares

Pursuant to Paragraph 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Dato' Yeo Boon Leong, the Director of ASIA POLY, intends to deal in the securities of ASIA POLY during the closed period pending the announcement of ASIA POLY's financial results for the second quarter ended 30 June 2020:-
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3067357

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3067357

The sell down volume is small. Somebody is accumulating and keep pressing down the price. Rebound anytime and you will regret

Right time to accumulate further

I m glad there is such a reasonable correlation. It makes way for further spike. Towards the end of this afternoon, it will turn green