Technical Review - Agape ATP Corporation (ATPC) Agape ATP Corporation (ATPC) is showing promising signs of a potential upward breakout as it consolidates within a steady range, with strong support observed at $1.50. This level has consistently attracted buyers, reinforcing confidence and creating a solid foundation for a bullish move. Should the price continue to hold above this point, it indicates healthy accumulation, positioning ATPC for potential growth.
On the upside, $2.00 has emerged as the primary resistance level, but recent price action suggests a brewing momentum to break through this barrier. A successful move beyond $2.00, especially if accompanied by an increase in trading volume, would signal a breakout, opening up a pathway to $2.50. This resistance level serves as the next target, where a surge could propel the stock into a new trading range, attracting more bullish interest.
Supporting this outlook, the technical indicators add strength to the bullish case. While the MACD reflects a steady buying interest, the MCDX Plus shows signs of accumulation with increasing momentum in the green zone. This suggests that buyers are building up positions, indicating underlying strength that could fuel a significant rally once the $2.00 level is breached.
In summary, ATPC is primed for a bullish breakout, with a solid support base at $1.50 and clear resistance at $2.00. Investors should keep an eye on the volume and momentum indicators, as a sustained move above $2.00 could lead to further gains towards $2.50 and beyond.
ATPC trade ideas
2025 Bright Outlook for Malaysia's Renewable FutureThe Malaysian Budget 2025 has set the stage for significant growth in the renewable energy sector, particularly solar power. With a renewed commitment to transitioning towards clean energy, the government has extended several key initiatives that support the development of solar energy solutions across the country.
This includes the continuation of the Green Technology Financing Scheme (GTFS) with a substantial funding amount of RM1 billion up to the year 2026, which is intended to foster a thriving renewable energy sector in Malaysia.
Additionally, Budget 2025 allocates over RM300 million under the National Energy Transition Fund (NETR), which represents a significant increase from the RM100 million allocated previously. This boost is intended to solidify Malaysia's position as a leader in renewable energy and accelerate the country's energy landscape transformation.
The demand for solar energy continues to grow, driven by the extension of the net energy metering (NEM) program until June 2025. This extension is a critical measure to encourage clean energy adoption among residential and industrial users, further propelling the nation's shift towards renewable power sources.
The government is also providing e-rebates of up to RM70 million to promote the adoption of energy-efficient electrical equipment, which will not only reduce energy consumption but also incentivize businesses and individuals to transition to more sustainable energy solutions.
These initiatives create opportunities for various players in the solar energy field, particularly smaller companies that are well-positioned to leverage the increasing adoption of renewable technologies. For example, Agape ATP Corporation (ATPC), listed on the Nasdaq, is among the smaller players that could benefit from this positive policy environment.
Recently, Agape ATP Corporation's subsidiary, ATPC Green Energy Sdn Bhd, has teamed up with Phoenix Green Energy Sdn Bhd to accelerate the development and commercialisation of cutting-edge solar power solutions in Malaysia. This partnership focuses on developing amorphous thin-film solar panels and related technologies to support diverse applications, particularly in power production, thereby contributing to Malaysia's transition to sustainable energy.
Additionally, Agape ATP Corporation, through ATPC Green Energy, has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd to develop solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries.
This collaboration aims to support the ASEAN region's efforts towards a zero-carbon energy future, further solidifying Agape ATP's role in the renewable energy sector and positioning them to make significant contributions to the regional solar market transformation.
(Transcript) NASDAQ: ATPC | Building on the Solar Energy Game Welcome to a new era of opportunity in Malaysia’s renewable energy sector. As the country accelerates its transition to clean energy, solar power stands out as a promising area of growth and investment.
For investors looking for sustainable and profitable ventures, Agape ATP Corporation (NASDAQ: ATPC) offers an exciting entry point into this booming market.
Malaysia's government is driving the adoption of renewable energy with ambitious targets: 31% of energy from renewables by 2025 and 40% by 2035.
Solar power is at the forefront of this transition. Thanks to initiatives like the Large Scale Solar (LSS) programme and the Corporate Green Power Programme (CGPP), solar energy costs have plummeted, becoming 53% cheaper than fossil fuels in recent years.
This shift opens up substantial investment opportunities, especially as demand for sustainable energy sources grows.
Malaysia is also becoming a digital hub in Southeast Asia, with data centres playing a critical role.
These facilities require stable and reliable energy, presenting a unique opportunity for solar power. As data centres continue to expand, their energy needs are aligning with the capabilities of solar energy, especially through virtual power purchase agreements (VPPA).
By integrating solar power into their energy mix, data centres can not only lower their operational costs but also meet their sustainability goals. This makes solar a crucial partner in powering the digital age.
For investors, ATPC represents a strategic opportunity to capitalise on Malaysia's solar boom.
The company’s recent expansion under the LSS4 programme has increased our renewable energy capacity, positioning them as a key player in supplying clean power to industrial clients and data centres.
ATPC’s latest solar developments includes the collaboration with Phoenix Green Energy to drive the development and commercialisation of cutting-edge solar power solutions in Malaysia and expansion into Sabah’s solar farming sector.
This collaboration focuses on advancing a diverse portfolio of solar products, including amorphous thin-film solar panels, which are designed to support various applications, particularly in power production.
As Malaysia pushes forward with its energy transition, the demand for solar solutions will continue to grow. ATPC’s recent projects are already generating returns, with the potential for significant long-term growth as more data centres and industrial clients opt for renewable energy sources.
Now is a great timing to look into ATPC as a long-term yet sustainable investment.
Agape ATP - Synergising Innovation Across Business PillarsATPC Unveils Its Multifaceted Business Pillars to Drive Global Wellness and Sustainability
KUALA LUMPUR, MALAYSIA, 10 OCTOBER 2024 – NASDAQ-listed AGAPE ATP Corporation ("ATPC"), is proud to present its multifaceted business pillars, each driven by a shared vision to make the world a better place. With a strong commitment to sustainability, health, and enhancing quality of life, ATPC has strategically developed six (6) core pillars that work in synergy to address the world’s most pressing challenges, from energy conservation to advanced medical care.
ATPC’s DSY Wellness division focuses on Nutraceuticals and Nutritional Medicine, offering scientifically backed products that promote overall health and wellness. By addressing nutrition from a medical perspective, DSY Wellness aims to empower individuals to prevent and manage health issues through high-quality, natural supplements and solutions.
On the wellness front, Agape Superior Living (“ASL”) leads the way with breakthrough products like ATP2, a cutting-edge anti-ageing supplement that represents a new frontier in the wellness industry. ASL is dedicated to advancing the anti-ageing market, focusing on improving longevity and enhancing vitality. Through ASL, ATPC aims to revolutionise personal well-being, helping people live healthier and longer lives, in Malaysia and throughout the ASEAN region. Various partners are involved in different countries to offer ATP2.
ATPC Green Energy (“AGE”) spearheads ATPC's efforts in the energy sector, with initiatives aiming to provide sustainable energy solutions, reduce environmental impact, and contribute to Malaysia's clean energy transition. Through B&H Intech Solutions, now ATPC Green Energy Sdn. Bhd., realizing energy saving solutions are on the horizon via contract-talks with GLCs (government linked companies); and, with Xiamen Photons Solar Technology Co., Ltd and value chain partner, Fujian Minfa Aluminium Co., Ltd., a Shenzhen Stock Exchange-listed company, installation of photovoltaic systems for Malaysia and ASEAN countries is attainable. With a focus on innovation, AGE’s solar and energy-saving projects are laying the foundation for a greener, more energy-efficient future, making significant strides toward global sustainability. Currently, projects in Selangor and Sabah are developing with fervor and anticipation.
Cedar ATPC brings innovative healthcare solutions through Myofascial Release Therapy and Pain Relief Therapy, providing effective, non-invasive treatments that improve physical well-being. These therapies and products are designed to relieve pain and enhance mobility, offering individuals a better quality of life and empowering them to take control of their health naturally.
In the medical device sector, ATPC’s collaboration with FORMEDIC Technologies Sdn. Bhd. marks a significant step forward in respiratory care. The LEGA device, a pioneering electronic chest percussion device, has been developed to assist patients suffering from chronic obstructive pulmonary diseases (“COPD”) and other respiratory conditions. This cutting-edge medical device exemplifies ATPC’s commitment to advancing healthcare and improving patient outcomes through innovative solutions.
Lastly, recognising the importance of care in the later stages of life, the Senior Living business pillar is dedicated to fostering vibrant Senior Communities that promote healthy and fulfilling lives for the elderly. ATPC’s approach to senior living is focused on creating safe, supportive environments where seniors can thrive socially, physically, and emotionally, enhancing their overall well-being in their golden years.
Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC expressed the company’s mission, “At ATPC, we are committed to leveraging our expertise across multiple sectors to create synergies that not only drive business growth but also contribute to making the world a better place. From sustainable energy projects to life-enhancing medical devices and wellness products, each of our business pillars plays a vital role in shaping a future where health, well-being, and sustainability are within reach for all.”
With a diversified portfolio spanning renewable energy, wellness products, healthcare solutions, and senior care, ATPC stands as a forward-thinking company dedicated to positively impacting lives and creating a sustainable future. Through its integrated approach, ATPC is poised to lead the way in transforming how people live, age, and experience healthcare, all while promoting a greener, healthier planet.
NASDAQ: ATPC | Technical Review 07/10/2024Support: $1.800
Resistance: $2.000
Agape ATP Corporation (NASDAQ: ATPC) is showing significant support and resilient in the $1.800 level for the past trading weeks. This is likely to be supported by (i) compliance of the company's share price to Nasdaq, (ii) strong exposure in renewable energy sector and (iii) launching of significant revenue generator, ATP2.
ATPC and FORMEDIC Technologies Announce Strategic Collaboration Innovative Collaboration Brings Advanced Respiratory Solutions to a Global Market
KUALA LUMPUR, 1 OCTOBER 2024 – NASDAQ-listed AGAPE ATP Corporation ("ATPC"), is proud to announce a strategic collaboration with FORMEDIC Technologies Sdn. Bhd. (“FORMEDIC Technologies”) to introduce LEGA, an electronic chest percussion device for respiratory care. This partnership marks a major advancement in respiratory health, as the two companies combine their strengths to address the growing demand for advanced respiratory solutions.
LEGA, FORMEDIC’s flagship product, assists patients with chronic obstructive pulmonary diseases (“COPD”), pneumonia, bronchiectasis, and other lung-related conditions by providing critical support for airway clearance and secretion management. LEGA helps to manage secretion drainage and airway clearance, offering much-needed relief to patients both adults and children, facing respiratory difficulties in both hospital and home care settings. This device has already gained significant traction in the medical field, with close to 2,000 units used in major hospitals and rehabilitation centres in Malaysia and globally.
For ATPC, this collaboration brings opportunities in the fast-growing respiratory care market, estimated to reach USD 25.95 billion in 2024, with a strong growth trajectory, estimating it to hit USD 49.84 billion by 2031 . As respiratory diseases continue to rise globally, this partnership positions ATPC to capitalise on the increasing demand for advanced respiratory solutions, as well as diversifying its wellness portfolio with a proven medical device.
Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, said, "The partnership allows ATPC to leverage FORMEDIC’s expertise in healthcare technology and clinical applications and research and development capabilities, aligning with ATPC’s long-term vision of building a holistic wellness ecosystem that encompasses both preventive and curative solutions.
This is an opportunity for us to address a critical global health need. With LEGA, we are expanding our operations into healthcare technology, an area with immense growth potential. We look forward to continue delivering value through innovation and strategic diversification, and at the same time, accelerate ATPC’s growth and market reach, enhancing shareholder value.”
Ng Zim Guan, Director of FORMEDIC Technologies, added, "LEGA is the culmination of years of research and clinical trials, and our partnership with ATPC allows us to reach more patients globally. We aim to redefine respiratory care with cutting-edge solutions and LEGA’s non-invasive, electronic chest percussion technology has already proven to be a vital tool in improving respiratory health. Partnering with ATPC allows us to further scale this technology and reach more patients in need."
In addition to improving lung health, the collaboration will focus on continuous R&D efforts to explore innovations and develop solutions to improve patient outcomes. ATPC and FORMEDIC will jointly develop marketing strategies to position LEGA as the leading respiratory care solution, ensuring greater accessibility to hospitals, rehabilitation centres, and home users globally.
NASDAQ: ATPC | Technical Review 24/09/30Agape ATP Corporation (NASDAQ: ATPC) , a specialist in renewable energy and wellness products, has demonstrated strong support around the $1.90 level following its compliance with Nasdaq listing requirements.
Recent accumulation activity over the past two weeks suggests the potential for a trend reversal, with downside risks mitigated by key moving average (MA) levels providing support. In the short term, we anticipate a possible challenge of the $2.00 level, while our mid-term target remains at $2.89, supported by current technical indicators and momentum.
Agape ATP Launches ATP2, the Future of Health for Ultimate VitalNow Enhanced with 76 Essential Minerals, 20 Amino Acids, and Advanced Enzymes to Support Overall Wellness
KUALA LUMPUR, 23 SEPTEMBER 2024 – NASDAQ-listed AGAPE ATP Corporation ("ATPC"), through its subsidiary, AGAPE Superior Living Sdn. Bhd (“ASL”)., proudly unveils the enhanced version of its wellness flagship supplement, ATP2. This groundbreaking product, improved with advanced scientific developments, is designed to address key health challenges including aging, metabolism, and chronic disease management. ATP2 represents a significant advancement in nutritional science, offering a holistic approach to improving health, boosting energy, and supporting overall well-being.
At the launch, ATPC announced that the company is targeting to sell 5,000 units by the end of the year, driven by the product’s unique blend of plant-based enzymes, minerals, amino acids, and cutting-edge hydrogen acetate technology. ATPC is confident that demand will surge as consumers increasingly seek natural solutions to improve their health and vitality.
Dr. Fernando Cortizo, the President of Research and Development Team of ASL, said, "The future of nutrition is in our ability to reverse the effects of chronic diseases and aging. ATP2 is a supplement which embodies this vision, combining cutting-edge science with a powerful mix of enzymes, minerals, and amino acids. ATP2 is designed to tackle a variety of health concerns. Its unique formulation supports increased energy production by enhancing Nicotinamide Adenine Dinucleotide (“NADH+”) levels in the body.”
ATP2’s enhanced formula integrates an advanced blend of cutting-edge ingredients that include plant-based enzymes, 76 essential minerals, and 20 amino acids, all working synergistically with its core ingredient, hydrogen acetate, a unique component that has been scientifically proven to improve metabolism, reduce inflammation, and assist in reversing the effects of aging. The added ingredient works more effectively to increase cellular health, regulate key bodily functions, and support long-term vitality.
Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, said, "ATP2 plays a critical role in managing blood pressure and blood sugar levels, promoting cardiovascular health and improving gut flora. The product’s anti-aging properties come from its ability to enhance cellular repair, reduce oxidative stress, and stabilize genome function, helping users maintain a youthful, energetic state as they age.”
How added, “This product is a major milestone for ATPC. It reflects our ongoing commitment to innovation in wellness. ATP2’s comprehensive formula addresses some of the most significant health challenges today. With its ability to improve metabolism, manage chronic conditions, and support anti-aging, ATP2 stands out as a transformative solution for anyone looking to enhance their overall health."
The product is locally manufactured, in Malaysia, ensuring the highest quality control, while its formulation incorporates advanced technologies from Australia, the USA, Europe, and Japan. By bringing production closer to home, ATPC can ensure a steady supply of ATP2 to meet consumer demand while maintaining superior quality standards.
As part of ATPC’s mission to align with the UN Sustainable Development Goals (“UNSDG”), particularly in health and well-being, ATP2 is positioned to make a lasting impact on the wellness market. By offering a scientifically backed solution that addresses common health concerns, ATPC reaffirms its role as a leader in sustainable, innovative wellness solutions.
Technical Review – ATP Corporation Corp, 20th September 2024Following the compliance of ATP Corporation Corp (NASDAQ: ATPC) on NASDAQ requirements, the share price had seen strong upside, followed by a profit taking exercise. However, judging with the lower traded volume from yesterday, ATPC is likely to enter a small consolidation phase around $1.900 to $2.000 level. We see this as a fantastic opportunity for investors who wants to accumulate or build position at the current level.
The RSI inverted indicator, as shown at the bottom, shows a neutral momentum at the moment for ATPC.
Benzinga: Why Is Agape ATP Stock Jumping Today?Zinger Key Points
Agape ATP’s stock jumps after partnering with Xiamen Photons Solar to develop solar PV systems in ASEAN countries.
The strategic collaboration aims to address grid stability and power supply issues while advancing Sabah's transition to clean energy.
Agape ATP Corporation ATPC shares are trading higher after the company announced it entered into a strategic collaboration with Xiamen Photons Solar Technology, focusing on developing solar photovoltaic mounting systems for Malaysia and ASEAN countries.
The company’s subsidiary, ATPC Green Energy, has formed a strategic collaboration with Xiamen Photons Solar Technology, a value chain partner of Fujian Minfa Aluminium Co., which is listed on the Shenzhen Stock Exchange.
The agreement was signed at Photons Solar’s headquarters in Xiamen, China.
This partnership is timely as ASEAN nations enhance their commitment to a zero-carbon energy future. Regional governments are actively implementing policies to promote renewable energy development and carbon neutrality.
The collaboration between Photons Solar and ATPC Green Energy aims to accelerate these initiatives and drive the transformation of the ASEAN solar market.
How Kok Choong, founder and global group CEO of ATPC, indicated that the collaboration with Photons Solar represents a significant advancement in their efforts to develop solar PV farms in Sabah.
The partnership is expected to tackle key challenges like grid stability and power supply issues, supporting Sabah’s transition to clean and reliable energy.
“This partnership allows us to leverage local insights and advanced technologies, further supporting our commitment to advancing renewable energy goals across the region,” the CEO added.
ATPC Partners with Photons Solar to Advance Solar PV SystemJoint Initiative to Boost Renewable Energy Adoption and Support Carbon Neutrality in the Region
KUALA LUMPUR, 13SEPTEMBER 2024 – NASDAQ-listed AGAPE ATP Corporation ("ATPC"), through its subsidiary, ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”) has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd (“Photons Solar”), a value chain partner of a Shenzhen Stock Exchange-listed Fujian Minfa Aluminium Co., Ltd (“Fujian Minfa Aluminium”). This collaboration focuses on developing solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. The agreement was signed at Photons Solar’s headquarters in Xiamen, China.
This partnership comes at a pivotal time as ASEAN countries intensify their efforts toward a zero-carbon energy future. Governments in the region have been implementing various policies to encourage the development and use of renewable energy, with a strong focus on achieving carbon neutrality. The collaboration between Photons Solar and ATPC Green Energy, both leaders in renewable energy innovation, is designed to accelerate these efforts and drive the transformation of the ASEAN solar market.
Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC said, “This partnership with Photons Solar is a strategic step forward for us as we continue to develop solar PV farms in Sabah. Our collaboration aims to address critical issues such as grid stability and power supply challenges, ultimately supporting Sabah’s shift to a clean, affordable, and reliable energy source. By aligning our efforts with a partner that shares our vision, we are well-positioned to make a significant impact on the renewable energy landscape in the region.”
“We believe that sharing technological expertise is the key to driving innovation and fostering collaboration. By working with Photons Solar, we are combining our strengths to create versatile and flexible solar solutions that cater to the diverse needs of the ASEAN market. This partnership allows us to leverage local insights and advanced technologies, further supporting our commitment to advancing renewable energy goals across the region,” How added.
Photons Solar, renowned for its extensive experience in solar PV mounting systems with over 5 gigawatts (GW) in cumulative shipments and a 960,000 square meter manufacturing facility owned by Fujian Minfa Aluminium, brings a wealth of knowledge and advanced technology to this collaboration. The company is committed to providing high-quality, efficient, and customized solar mounting solutions that cater to various customer requirements.
Mr. Paul Cao, Chief Executive Officer at Photons Solar, said, "We are pleased to partner with ATPC Green Energy, given their solid presence and experience in the ASEAN region. Collaborating with a company that understands the local market dynamics allows us to work more effectively towards our shared goals in promoting renewable energy. We look forward to this journey together.”
The projects under this collaboration will leverage Photons Solar’s state-of-the-art solar mounting systems while drawing on ATPC Green Energy’s service-oriented approach. By integrating their expertise in project management, technological innovation, product quality, and service excellence, both companies are poised to deliver efficient, reliable, and environmentally sustainable solar projects that align with the region’s energy needs.
A2Z Cust2Mate Files Patent Application for AI-PoweredTEL AVIV, ISRAEL, September 12, 2024 - A2Z Cust2Mate Solutions Corp. ("A2Z" or the "Company") (NASDAQ:AZ)(FRA - WKN:A3CSQ), a global leader in innovative technology solutions, is pleased to announce that its subsidiary Cust2Mate Ltd., a leading provider of smart shopping cart solutions, has submitted a patent application for its Shopping Cart Inventory Change Indicator System, a solution designed to address inventory shrinkage issues in retail through the application of advanced technologies, powered sophisticated proprietary artificial intelligence (AI).
In 2023, U.S. retailers suffered an estimated $142 billion in losses due to inventory shrink, 25% more than in 2022, according to a WSJ report, citing figures from investment bank William Blair.
The core of the Shopping Cart Inventory Change Indicator System is its AI-driven anomaly detection module. This module employs deep learning algorithms to monitor and analyze shopper behavior in real-time, identifying patterns that may indicate theft or other irregular activities. Complementing this, the system includes a barcode scanner for item tracking, a computer vision system with high-resolution cameras for product recognition, and a security scale that measures item weight to detect discrepancies.
A key feature of the system is its advanced change detection solution using a camera system. The high-resolution cameras are strategically positioned to capture detailed images of items placed into or removed from the shopping cart. The computer vision system processes these images to detect any changes, ensuring accurate product recognition and real-time inventory updates. This precise monitoring capability enables the system to identify discrepancies and potential theft attempts, thereby significantly improving inventory accuracy and security.
Mr. Gadi Graus, CEO of A2Z, commented, “A2Z focuses on leveraging artificial intelligence to provide sophisticated solutions for retail challenges. The patent-pending Shopping Cart Inventory Change Indicator System exemplifies this approach, offering an advanced method for inventory management and theft mitigation. As the retail sector evolves, Cust2Mate is committed to developing technologies that enhance operational efficiency and security.”
Rumours Swirl About Agape ATP’s Big Move – Is ATP2 Making a ComeWord on the street is that Agape ATP Corporation (NASDAQ: ATPC) might be gearing up for a major play. According to hearsay from one of the investors, Agape Superior Living, a subsidiary of ATPC, could be bringing back its flagship product, ATP2, as soon as mid to late this month.
If the whispers are true, this could mean big things for the company.
For those who’ve been following, the ATP Zeta Health Program which includes eight health and wellness products, there is a solid track record.
The program hit a massive RM18 million in monthly sales in March 2018 and totalled RM62 million for the year. ATP2, in particular, has always been the star of the show, loved for its health benefits with strong customer loyalty.
Should this relaunch happen, it could reignite serious consumer interest. After all, wellness products are in huge demand right now. Agape Superior Living might just be timing this perfectly to ride the wave of the health trend. If they pull this off, we could see some big numbers in terms of sales, which would be a win for the company and its investors.
For those watching ATPC’s stock, this could be a golden opportunity. The company’s products have a history of doing well, and if ATP2’s relaunch sparks the same kind of sales it did before the pandemic, it could signal a new growth phase for Agape Superior Living. Investors are keeping a close eye on this, and some are saying this could be the beginning of something big.
So, while nothing official has been confirmed just yet, if you’re an investor in ATPC or thinking about jumping in, you might want to watch what happens over the next few weeks. ATP2’s potential comeback could be the catalyst for renewed growth and profitability in the health and wellness space.
Stay tuned. If the rumours are true, we could be looking at some exciting times ahead for Agape ATP Corporation.
NASDAQ:ATPC
Agape ATP Corporation (NASDAQ:ATPC) Testing Key Support
After a strong rally in the past week, ATPC is now testing its key support level around $1.601 level amidst overall market weakness. However, we are still seeing an accumulation pattern around the current level due to the attractiveness of the valuation of ATPC currently, supported by their high growth renewable energy story.
We kept a HOLD recommendation on ATPC.
Technical Review–Agape ATP Corporation (ATPC)
As investors loom over the slowdown in the US market, the Dow Jones had tumbled close to 500 points in a single trading day. With this, our key stock pick, Agape ATP Corporation (ATPC) sees selling pressure, however a strong support was formed around $1.570 key support level (S1). We believe this selling is short term in nature, and both RSI and MACD showed a trade divergence where there is actually accumulation exercise in place for the shares of ATPC in the range of $1.570 ~ $1.800.
We had commenced accumulation around $1.600 level.
NASDAQ: ATPC Spiked 65% Pre-Market Upon Successful Reverse Stock
Agape ATP Corporation (ATPC) saw an impressive 65% spike in pre-market trading today, a clear indication of investor confidence following the company’s recent 20:1 reverse stock split. This strategic move appears to have paid off, significantly boosting the stock price and attracting renewed interest from both institutional and retail investors.
The reverse stock split, which consolidated shares to enhance market stability and meet Nasdaq listing requirements, has evidently strengthened ATPC’s market position, setting the stage for further growth in the renewable energy sector.
Investors are now eyeing ATPC as a promising player in the green energy landscape, with the recent price surge reflecting growing optimism about the company's future prospects. As the renewable energy sector continues to gain momentum, ATPC's strategic decisions, including this reverse split, are likely to play a crucial role in its long-term success.
Reverse Stock Split for Nasdaq: ATPC? What’s the Impact to ShareAgape ATP Corporation (ATPC) is set to implement a 20:1 reverse stock split, a very good move designed to consolidate the company’s shares and potentially improve its market positioning.
What are the impacts from the reverse stock split?
Enhanced Stock Price. The reverse split will increase the share price proportionally, making ATPC’s stock more attractive to institutional and retail investors who often avoid lower-priced stocks.
Nasdaq Compliance. By increasing the share price, ATPC ensures continued compliance with Nasdaq’s listing requirements, particularly the minimum bid price, which is crucial for maintaining their listing status.
Better Market Perception. A higher stock price can improve investor perception, potentially attracting a broader base of investors who prefer higher-priced stocks for their perceived stability and prestige.
Liquidity and Volatility. While the number of outstanding shares will decrease, which might reduce liquidity slightly, the split could also reduce volatility as the stock price stabilises at a higher level. Overall, it is more of a net neutral impact on the trading liquidity.
Positioning for Growth. With a stronger presence on Nasdaq post-split, ATPC is better positioned to capitalise on future growth opportunities, whether through attracting more substantial investments, mergers, or acquisitions.
Overall, better visibility in the Nasdaq market.
Post-split, ATPC is expected to project a stronger image on Nasdaq. This move aligns with the company’s broader goals of becoming a major player in the renewable energy sector. The reverse split is not just about compliance; it’s about setting the stage for ATPC’s next phase of growth, where they aim to leverage their innovative projects and strategic partnerships to gain market share and investor confidence.
Investors should keep an eye on ATPC as the reverse split could mark a significant turning point, potentially driving long-term value as the company continues to expand its footprint in the green energy market.
How Malaysia’s National Energy Transition Roadmap (NETR) Can BenSource: PwC Malaysia
The National Energy Transition Roadmap (NETR) of Malaysia is set to transform the nation’s energy landscape, and Agape ATP Corporation (NASDAQ: ATPC) stands to gain significantly from this ambitious initiative.
As Malaysia seeks to shift from fossil fuels to renewable energy, the NETR outlines a comprehensive plan to boost green energy capacity, particularly in solar power, which is a key area of focus for ATPC.
1. Expanding Market Opportunities:
With NETR's goal of achieving 70% renewable energy capacity by 2050, the demand for renewable energy solutions is expected to skyrocket.
Agape ATP, with its strategic focus on solar energy through its subsidiary ATPC Green Energy, is well-positioned to capitalise on this growing market.
The roadmap's emphasis on large-scale solar projects and rooftop installations aligns perfectly with Agape ATP's ongoing initiatives, potentially leading to increased business opportunities and revenue growth.
2. Government Support and Incentives:
NETR includes a range of government support measures, such as lifting the ban on renewable energy exports and providing incentives for renewable energy projects.
These initiatives could directly benefit ATPC by making it easier to finance and scale up its solar projects, both domestically and regionally.
Access to government-backed incentives like the Green Technology Fund Scheme (GTFS) could further reduce the financial burden on Agape ATP, allowing it to expand its operations more rapidly.
3. Enhanced Visibility and Investor Confidence:
As Malaysia’s renewable energy sector grows, companies that are active in this space, like Agape ATP, are likely to attract more attention from investors.
The NETR's clear roadmap and government commitment provide a stable and predictable environment for renewable energy investments. This increased visibility could lead to stronger investor confidence in Agape ATP, especially given its alignment with the national goals of sustainability and green energy.
4. Strategic Partnerships and Collaboration:
The NETR encourages collaboration between public and private sectors to achieve its ambitious targets.
ATPC could leverage this opportunity to form strategic partnerships with other key players in the renewable energy space, as well as with government entities. Such collaborations could accelerate technology adoption, enhance operational efficiencies, and open up new avenues for growth.
In conclusion, the National Energy Transition Roadmap presents a significant opportunity for ATPC to strengthen its position in the renewable energy sector. By aligning its strategies with the NETR, the company can tap into new market opportunities, benefit from government incentives, and contribute to Malaysia’s journey toward a sustainable future.
Technical Analysis for Agape ATP (Nasdaq: ATPC)
Looking at the chart for ATPC, we can observe several key points that might be of interest to retail investors considering a position in this stock.
Over the past few months, the stock has been on a downward trend with intermittent spikes in both price and volume. The overall trend suggests that the stock is experiencing consistent selling pressure, which has pushed it down to its current levels.
However, one of the more notable observations from the chart is the support level that has formed around the 10 cents mark. The stock price has touched or hovered near this level multiple times, indicating that there is some buying interest at this price point. This level could act as a psychological barrier, where buyers step in, preventing the stock from falling further.
The stock has been trading below its short-term moving averages, which often suggests a bearish sentiment. Nevertheless, the moving averages appear to be flattening out, which might indicate that the downtrend is slowing down and the stock could be finding a base around the current price.
Conclusion:
For investors considering ATPC, the 10 cents support level is a crucial point to watch. If the stock manages to hold above this level, it could suggest that the downside risk is limited in the short term. However, if the price breaks below this level with significant volume, it could signal further declines. As always, it’s essential to consider both technical indicators and broader market conditions before making any investment decisions.
