Posted by capricornus_tai > 2020-08-12 21:56 | Report Abuse

Yea disposed via off market at 0.53 price

Posted by klsebigshark > 2020-08-13 00:16 | Report Abuse

It’s time for some rebound after dropping for so many days

Posted by lau9639 > 2020-08-13 11:01 | Report Abuse

Some one did the calculations for reference!

"In the press briefing by Dato Yeo, the CEO, we got to know.. June/July Avg selling price is $2700 per tonne of acrylic. And cost of MMA is $1330 per tonne. Understood previously that MMA constitute roughly of 70% of costs...

From June, ASIAPLY is running at full capacity of 800 tonnes a month. This means:

$2700 (avg selling price) - $1330 (MMA cost) - $570 (other operating costs) = $800 profit per tonne...

$800 x 800 tonnes x 3 months x USDMYR 4.2 = RM8m profit in Q3."

Is this the reason the stock rebounded strongly yesterday?!

Posted by lau9639 > 2020-08-13 11:20 | Report Abuse

Yesterday announcement, Dato Yeo disposed 5 millions shares off market @ RM0.53. I don’t know sold to whom. If someone is buying at 0.53, that means the price can go up way higher than the price, isn’t it?

Posted by Erik7865 > 2020-08-13 13:02 | Report Abuse

Asia Is preparing to fly

Posted by Beast3 > 2020-08-13 13:42 | Report Abuse

Fly

Posted by Jess02 > 2020-08-13 15:09 | Report Abuse

May I know when is the qr out?

Posted by lau9639 > 2020-08-13 15:11 | Report Abuse

Should be in November

Posted by zeroth > 2020-08-13 16:20 | Report Abuse

$800 x 800 tonnes x 3 months x USDMYR 4.2 = RM8m profit in Q3."
If this is correct and maintain the same for Q4 2020 & Q1 2021
At P/E 20, Asiaply should worth Around RM1.1 right

Posted by weixiang98 > 2020-08-13 17:13 |

Post removed.Why?

Posted by lau9639 > 2020-08-13 17:13 | Report Abuse

According toDayo Yeo, given that both of Asia Poly’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 run at full capacity in September 2021, will effectively increase Asia Poly’s manufacturing capacity to 1,600 tonnes per month.

It is interesting to note that the third production line will be a versatile one, with the ability to manufacture thicker acrylic sheets of up to 105mm.

Posted by nomadmy > 2020-08-13 19:42 | Report Abuse

If we blindly follow the calculation, the calculated Fair Value/Intricsic Value is only about RM0.10. The current price is RM0.41 is till over-priced. Another point to consider is, once the Vaccine is announced, will their sales drop?

Posted by NIWV > 2020-08-13 21:02 | Report Abuse

Fibo retracement would see some pullback around 0.40. Then it will sky rocket.

Posted by NIWV > 2020-08-14 09:46 | Report Abuse

Hope guys got some cheap ticket just now. This will rebound noq or next week.

Posted by nomadmy > 2020-08-14 11:34 | Report Abuse

This morning, i see many small individual players are scared and threw their shares. These are the emotional group, and also the group that holding majority of the shares now based on rumor entry. I think, today likely go down to 0.30 level.

Posted by Aaron_tan > 2020-08-14 12:00 | Report Abuse

lol, now you can buy cheap, but you think next week will go back to 0.6 for you to sell ??? the bullish trend already over ... now what you can do is buy at extreme panic sell down and sell on rebound ! if you buy only after rebound like 2 days ago at 0.45 then you will get slaughetred again

Posted by capricornus_tai > 2020-08-14 12:26 | Report Abuse

Anyone say will jump to 60 cents in two weeks?

Posted by Erik7865 > 2020-08-14 12:54 | Report Abuse

So far this is whole market trend
Not only Asia poly get affected
Hopefully market will recover soon and believe that Asia poly will make us proud again in that moment

Posted by Lyu > 2020-08-14 14:02 | Report Abuse

definitely time to buy since I know Datuk Yeo is doing something to pump in more funds.
This will definitely scare off small investors who panicked but they will linger around for a rebound signs.

Don’t forget asia poly’s f&b chain restaurant uncle don is making huge profits before lockdown and they are picking back up fast after pkp ended.

They have a biogas plant in dengkil to be sell off for more funds.

Upcoming new renewable project direct nego with Sultan Kelantan. Guess where all the funds will go to? Their assests are still much higher thn debts currently.

Buy and hold.

Posted by Beast3 > 2020-08-14 14:18 | Report Abuse

Good stock. Good time to topup n buy more.

Posted by nomadmy > 2020-08-14 14:36 | Report Abuse

The next Fibo retracement level is at 0.310. Maybe time to go in :-)

Posted by mondrian > 2020-08-14 16:27 | Report Abuse

Sorry. Been busy. I am still holding. Managed to buy more today. The FA aledi proven to be strong till early next year. Chill guys. Dont look at it everyday. Heart attack one. hahaha Happy weekend guys.

Posted by kllady_fidah > 2020-08-14 17:05 | Report Abuse

Asiapoly selling uncle don to Dophin

Posted by huat_ar > 2020-08-14 17:58 | Report Abuse

haha dolphin under yeo la.. fidah you want people masuk counter tu ke?

Posted by Aaron_tan > 2020-08-14 18:58 | Report Abuse

Lyu nothing to do with company but due to broad market selling

Posted by kllady_fidah > 2020-08-14 18:58 | Report Abuse

ols read both asiapolyband Dolphin Bursa announcements
..

Posted by Kaizenzon > 2020-08-14 19:51 | Report Abuse

Yes. Good stock. One of those company that still have the momentum since MCO started.

Posted by Beast3 > 2020-08-14 20:55 | Report Abuse

Week of correction.
Gap up next week.
#asiapoly
#mask material

Posted by lau9639 > 2020-08-15 01:23 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3077837

Posted by Beast3 > 2020-08-15 11:43 | Report Abuse

Acquired

Posted by Erik7865 > 2020-08-15 14:54 | Report Abuse

How u guys foresee next week ?
Continue drop or recover ?

Posted by Beast3 > 2020-08-15 17:08 | Report Abuse

Green candle tmrw

Posted by tcwong > 2020-08-16 10:48 | Report Abuse

Read news this morning that all comfort taxis Singapore will install acrylic sheet for safety reaaon. Acylic sheet demand continue to be in high demand and price will go up further due to worldwide shortages like nitrile gloves. With this asiapoly qill be a good buy at current price. 60cents tp rumuors will be a reality and is a matter of time.

Posted by Beast3 > 2020-08-16 19:27 | Report Abuse

Demand for Acylic materials increasing with the current covid situation.

Short term tp 0.80
Long term RM 1.5

Posted by tcwong > 2020-08-16 21:20 | Report Abuse

I see more and more restaurants' cashier counter installed acrylic sheet to shield staffs from the covid19 and other viruses as well. Huge market in malaysia alone. market shortage continue to push up sele price which will benefit greatly to Asiapoly. I strongly believe 0.6 is imminent and tp of 0.8 is reachable. The latest private placement is 0.53. it showed the confident of investors on Asiapoly.

Posted by leeruzi7 > 2020-08-16 22:41 | Report Abuse

i think in mid term retest 0.6c first then it can climb to the range of 1.0

Posted by Beast3 > 2020-08-17 12:27 | Report Abuse

Good momentum for now
Long term tp more than rm 1

Posted by Johnny Lawrence > 2020-08-17 22:30 | Report Abuse

GG

Posted by willee2 > 2020-08-17 23:14 | Report Abuse

khikihkihkihkihkihkih see u at 16c

Posted by Erik7865 > 2020-08-18 09:59 | Report Abuse

Rebound is coming very soon
Those still holding congrats to u all
Persistence is victory

Posted by Beast3 > 2020-08-18 11:14 | Report Abuse

Nice. Good momentum

Posted by Beast3 > 2020-08-18 11:15 | Report Abuse

If break 4 today, then can fly fast

Posted by capricornus_tai > 2020-08-18 12:32 | Report Abuse

Slowly up will do.

Posted by Lyu > 2020-08-18 13:07 | Report Abuse

Picking back up, glad i hold

Posted by Beast3 > 2020-08-18 13:12 | Report Abuse

Long term shud be more

Posted by stockeater > 2020-08-18 10:11 | Report Abuse

good price to topup and hold.

Posted by Beast3 > 2020-08-18 15:34 | Report Abuse

Flying uppppp

Posted by jacky9599 > 2020-08-18 19:18 | Report Abuse

@willee2 see you at 16c

Posted by willee2 > 2020-08-18 19:26 | Report Abuse

jacky boi we will meet there fear not :)

Posted by Beast3 > 2020-08-18 21:31 | Report Abuse

MACD very good. Good TA after today green candle