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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.
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
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
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