Poly Glass Fibre or POLY has recently started to show buying interest for their shares. I am into this stock mainly because of 1 thing. Healthcare. We will go to that portion later. For a start:
Poly Glass Fibre (M) Bhd, an investment holding company, is engaged in the manufacture, sale, and distribution of fibre glass wool and its related products. It offers glass wool building insulation, HVAC insulation, and other specialty products for thermal and acoustic insulation applications in commercial, industrial, and residential buildings. The company's products include poly building insulation blankets, polywool duct wrap, poly classictone and polytone suspended ceiling systems, semi-rigid board insulation, rigid pipe sections, and residential and building insulation systems. It also involves in the development of a country retreat comprising bungalow lots and orchard lots. The company is also engaged in leasing property, and in plants and equipments. It operates in Malaysia, Indonesia, and China. The company was founded in 1978 and is based in Perai, Malaysia.
Fundamentally, the company is recovering their business and expect to turnaround profit by end of this year. According to their latest financial report, the company will go positive this year thanks to the new venture.
May 21: Poly Glass Fibre ventures into making melt-blown non-woven fabric for surgical face masks. Stocks go crazy 1 day giving solid marubozu.
But why after that the shares drop? This is possibly because of 1 thing: The production on the fabric for surgical face mask will only start in end of July. So you can only see the products/revenue this quarter.
So if you ask me what is the best time to buy? Probably now and swing it til the next quarter.
Poly Glass Fibre (M) Bhd, an investment holding company, is engaged in the manufacture, sale, and distribution of fibre glass wool and its related products. It offers glass wool building insulation, HVAC insulation, and other specialty products for thermal and acoustic insulation applications in commercial, industrial, and residential buildings. The company's products include poly building insulation blankets, polywool duct wrap, poly classictone and polytone suspended ceiling systems, semi-rigid board insulation, rigid pipe sections, and residential and building insulation systems. It also involves in the development of a country retreat comprising bungalow lots and orchard lots. The company is also engaged in leasing property, and in plants and equipments. It operates in Malaysia, Indonesia, and China. The company was founded in 1978 and is based in Perai, Malaysia.
Fundamentally, the company is recovering their business and expect to turnaround profit by end of this year. According to their latest financial report, the company will go positive this year thanks to the new venture.
May 21: Poly Glass Fibre ventures into making melt-blown non-woven fabric for surgical face masks. Stocks go crazy 1 day giving solid marubozu.
But why after that the shares drop? This is possibly because of 1 thing: The production on the fabric for surgical face mask will only start in end of July. So you can only see the products/revenue this quarter.
So if you ask me what is the best time to buy? Probably now and swing it til the next quarter.
