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2020-09-05 16:22 | Report Abuse
Cheh...Before this I heard a lot of rumours defaming Ageson, probably will suffer and inherit material litigation caused by previous mgmt. Just RM21mil term loan, I thought what is so appalling.
Based on latest few quarter results, it achieved huge improvement on profit margin and cash flow under new management. Net profit for FY20 hit RM37mil and operating cashflow improved to RM33mil. Therefore it is just a piece of cake to settle the total borrowing of RM21mil. After that, AGESON will become a net cash company.
2020-09-03 14:41 | Report Abuse
I sold out this counter previously bcos of the ex mgmt, very disappointed on every quarter report even with large orderbooks. Now under new team seems like having a huge improvement. Profit margin and cash flow back to normal.
2020-09-03 14:33 | Report Abuse
@scrown No doubts, if you're the ex-owner of the company, you sure will dry up all the company or subsidiaries assests after you've sold out the shares.
Over the past decades, it is not hard to find out the ex-owner character. For your info in year 2010-2015 was property bull cycle in Malaysia, psiptek's project like VUE, PUNCAK 7 took up rate was around 95%, revenue for construction and property developments recorded between RM200mil and RM400mil but net profit just a few million or less than 5%. I don't know how they siphon the profit from the company.
2020-09-01 13:25 | Report Abuse
This company caught my eyes for 4 consecutives quarters best earning. But suddenly saw this blog.
https://aisahbintimohdliew.blogspot.com/2020/08/part-tiga-ageson-financial-analysis.html
Apa akuantan ini, lol
"saya telah menjemput rakan saya yang sedang mengambil KURSUS PERAKUANTAN untuk memberi komen mengenai Quarterly Results Ageson."
Do you know what is "reverse accrued expenses" and "write-back".
He also unprofessionally mentioned above the Finance Cost. "The finance cost come and go as if they own the bank. Did we miss any interest-free financing package available in the market?" haha
If write-back RM909k financial cost with a total RM21mil outstanding borrowing dubbed as "they own the bank". How about Fajarbaru Bhd, outstanding borrowing RM30mil, they write-back about RM10mil financial cost in Q4, is it they rob the bank? Lol lol lol
2019-06-11 23:20 | Report Abuse
Hunter 88, if really a good deal, why not you eat 13.5, ready seller there.
2019-06-11 23:19 | Report Abuse
I bought at 15-16, now want to cut loss at 13.5 also very hard, this share market syndicate always spread news to take profit especially in penny stocks. So if want to buy property counter better go for mid cap or blue chip like MRCB, GAMUDA, UEMS...Good luck
2019-06-11 23:12 | Report Abuse
Sales,bcos we been trapped and annoyed, waiting chance to cash out.
2019-06-11 12:20 | Report Abuse
If you compared with Mahsing, huayang, ECOWORLD, UEMS, IOIP,...their projects take up rate only hit 60-70%, but gross profit can reach at least 20-30%.
2019-06-11 12:17 | Report Abuse
Bigshark always uses nice figure to trap ppl jump into it... haha. Did you aware that, property development division the only project- Fortune Centra take up rate more than 95% sold at RM600-700/sf, gross profit only at 10% despite cheap land value which bought in year 1988. Hahahahhahaha
2018-08-28 14:09 | Report Abuse
Seems attractive now, but already all in at 70
2018-08-28 11:49 | Report Abuse
Someone keep hardselling this counter, becareful
2018-08-24 00:34 | Report Abuse
Yes, 3-5 years just a blink of an eye, but our country will left behind Indonesian, Thailand, even thought Vietnam in just a blink of an eye also. Emerging countries craving for infrastructures development, our country turning back for PROTON 3.0 pulak. Reminisce history, centuries ago, Malaysia thrive because strategic location from east to west, north to south also have to pass through Malaysia. But decades ago, SINGAPORE had substituted Malaysia as an international hub. Malaysian had been bypassed.
ECRL was part of china's belt road initiative and also a game changer for Malaysia to recoup the status of international hub. It could bridge from east port and West ports in malaysia, yet provided time and fuel efficiency for world traders.
HSR connected two Asia Financial hubs(Singapore and Kuala Lumpur) could creates job opportunities, tax revenue, tourism,etc....
Now, all gone or postponed. Thanks to Maha-thir
2018-08-14 12:20 | Report Abuse
Steel uptrend moving on, quarter result should be very good.
2018-08-09 19:59 | Report Abuse
Now, the whole world taking about MASTEEL. Pretty good sign
2018-07-27 12:38 | Report Abuse
Pls refer to my post on May 22, I've warned you guys. This is how they play, as usual
2018-07-27 12:34 | Report Abuse
If you aware how stock alliance play, you will find out he only picks counter with low volume(easy to speculate).
Be aware guys.
2018-07-27 12:31 | Report Abuse
Minda, careplus, ivory, psiptek, bpuri, etc....he hardly recommands pepole buy since last year, now down like hell, this preys loss more than 30% he totally covered up.
2018-07-27 12:26 | Report Abuse
Haha, stock alliance everyday hantam dozen of counters, finally 1~3counters up, he came out and take credit pula. Ridiculous
2018-03-30 10:02 | Report Abuse
Ya, I love this dividend stock so much, better than fd
2018-03-30 09:50 | Report Abuse
Awesome, have to be patient
2018-03-29 15:05 | Report Abuse
Should avg down the price now
2018-03-28 15:33 | Report Abuse
Market doom, cresbld still standing firm.
2018-03-21 14:24 | Report Abuse
Construction hidden gem
2018-03-21 14:23 | Report Abuse
Opportunity to accumulate
2018-03-19 10:12 | Report Abuse
Preelection rally, o&g counters rebounding.
2018-03-16 09:28 | Report Abuse
Ask ppl take profit at 15cts, now price flying to 18.5 you take credit pula. So funny
2018-03-15 10:36 | Report Abuse
Market not good, good counter also no power
2018-03-15 10:17 | Report Abuse
Slowly accumulate to average down the price.
2018-03-07 09:18 | Report Abuse
Good quarter report companies take turns to rebound
2018-03-07 09:16 | Report Abuse
Good quarter report companies take turns to rebound like kssc.
2018-03-07 09:15 | Report Abuse
Good quarter report companies take turns to rebound like kssc.
2018-03-07 09:07 | Report Abuse
Good quarter report company staring to show power
2018-03-06 16:27 | Report Abuse
All is about GREEDY, we can alert investor but can't blame anyone because you the decision maker.
2018-03-06 16:27 | Report Abuse
All is about GREEDY, we can alert investor but can't blame anyone because the decision is made by his/her own.
2018-03-06 16:18 | Report Abuse
SA investment group 10k followers hit the snag now
2018-03-06 15:24 | Report Abuse
If 0.90 opportunity to accumulate
Stock: [AGES]: AGESON BERHAD
2020-09-05 16:25 | Report Abuse
The announcement has cleared the clouds.