KLSE (MYR): ASIAPLY (0105)
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simon2020
446 posts
Posted by simon2020 > 2023-05-31 09:18 | Report Abuse
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.
https://www.chemanalyst.com/NewsAndDeals/NewsDetails/methyl-methacrylate-prices-show-bullish-trend-in-the-usa-and-asia-16938
https://theedgemalaysia.com/article/asia-poly-overlooked-stock-amid-pandemic