Export boon for Asia Poly

TheStar Sat, Aug 08, 2020 07:40am - 5 years View Original


Niche player: Yeo (left) and Asia Poly director Bernard Tan with samples of the company’s products. Asia Poly is the only listed Malaysian manufacturer of cast acrylic sheets.

THINGS are looking up for cast acrylic sheet manufacturer Asia Poly Holdings Bhd as it rides on growth opportunities presented by the US-China trade war and the Covid-19 pandemic.

Since June 1, Asia Poly’s share price has run up almost eight times to 54 sen as of yesterday’s close, hitting an all-time high of 59 sen on Wednesday.

Asia Poly, which was loss-making over the past three years, reported a net profit of RM856,000 for the second quarter ended June 30.

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