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Asia Poly HB is manufacturing acrylic screen dividers, which is to help maintain social distancing and physical separation intended for offices and public spaces, the demand is so huge that now contribute 50% of the sales.
The company is also benefitting from the ongoing US-China trade war.
Cast acrylic sheet manufacturer Asia Poly Holdings Bhd has benefited from the Covid-19 pandemic.
Since the coronavirus outbreak early this year, the group has been producing acrylic screen dividers, also known as anti-Covid-19 barriers.
The demand for this barrier, which is to help maintain social distancing and physical separation intended for offices and public spaces, is so huge that now contribute 50% of the revenue.
Acrylic barriers made up about half of the turnover, with the rest coming from various segments, including sanitary, furniture, kitchen, advertising and automotive.
Asia Poly is the largest producer of cast acrylic sheet in Malaysia, and commands a market share of 50% to 60%. However, the Malaysian market only contributes about 17% to its sales.
CEO Dato Yeo foresee that the US will make up 25% of sales and Europe will contribute 20% by 1QFY2021.
Apart from the Covid-19 factor, Yeo says the company is also benefitting from the ongoing US-China trade war.
Previously, the Americans had been sourcing acrylic sheets from China. But due to the tariff imposed on Chinese goods, it makes better sense for them to source it from Malaysia.
Notably, its cast acrylic sheet is manufactured from 100% virgin methyl methacrylate monomer (MMA), sourced exclusively from Japanese suppliers.
Yeo explains that over the past few years, the price of MMA — essentially a by-product of petroleum — trended to as much as US$2,750 per mt (in 2018) but has since come down to US$1,300 to US$1,400 per mt.
Yeo says Asia Poly’s competitive advantage is that it is capable of producing thicker acrylic sheets that can be used for aquarium and swimming pools. Moreover, it can also produce high-end acrylic sheets for medical use, where the clarity requirement is more stringent.
The company is now running at full capacity of 800 mt per month, and will invest RM12.6 million to double its total production capacity to 1,600 mt per month.
if you ask me u can hold if u want or u can CL if u dont mind ur lost...the strong support will 0.32....it will nvr go below 0.32 i believe ...donoo when it will rebound..but sure it wil rebound soon till above 0.385. if u can hold ..u hold je. n meantime play other counter if hv money ..hehe
