Chua Zhi Heng's comment on ASIAPLY. All Comments
Chua Zhi Heng
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Quarterly report will most likely come out on Feb 28th. Expected profits for this quarter will most likely be 4.1 million, if not better, due to high acrylic demand. This counter can easily reach 40 cents due to foreseeable strong demand.
Report
3 years · translate ·
alucard fAtt
It’s more than that :)
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Lexus3d
Lol minimum also 6million la,,,
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Chua Zhi Heng
@alucard fAtt @Lexus3d very possible average selling price (ASP) for acrylic will increase, hence higher profit margins
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Lexus3d
No,is because otf gain
Asiaply already maximum capacity so 4-5mil plus otf gain few million
Conservative is 6million
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Lexus3d
Acrylic is not like gloves to simply increase asp
Plus international oil price increase,might erode their profit margin
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eric leow
very much depends on Europe and US sales...m guessing 5m - 7m
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Lexus3d
If you are optimistic then expect 9-10million
Even 6million the valuation will be attractive given current price
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Chua Zhi Heng
I hope that Asiaply will expand to cater huge demand. But may I know why international oil price will affect profit margin? I checked raw materials used for acrylic and oil/petroleum is not one of them
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Xiao Gu
i am still waiting for the qr，hope it is more than 6m
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Erik Tan
10m above .........
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Lexus3d
Raw material is related to oil price will be affected but not directly
3qr 2021 will hv new production line that will double production capacity,,long term will be rewarded handsomely
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Chua Zhi Heng
Yup even after vaccine is out, acrylic will still be in high demand because it will be used to seperate vaccinated and non-vacinated people in office and prevent transmission of covid between colleagues
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Lexus3d
Nope that’s not the main driven right now
You can try to google the usage of acrylic sheet,,,potential one is solar & ev
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Chua Zhi Heng
It's good to know many usage of acrylic sheets beyond covid prevention
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Lexus3d
Yes,,covid just a stepping stone,,
1 Like · 3 years · translate