The Board of Directors of Ageson (“Board”) wishes to announce that Ageson Enterprise Sdn Bhd (formerly known as Esa Pile Sdn Bhd) (“AESB”), a wholly-owned subsidiary of the Company, had on 27 July 2020, entered into a joint venture agreement (“JV Agreement”) with Menteri Besar Kedah Incorporated (“MBI Kedah”) to undertake the business of exploration, mining, processing, transportation, local supply and exportation of silica sand and/or to partly outsource such business activities to contractors and to explore other ancillary businesses or opportunities beneficial to AESB and MBI Kedah (“JV Project”) (“Joint Venture”). AESB and MBI Kedah are collectively referred to as the “Parties”. Further details of the JV Agreement are set out in the ensuing sections of this announcement.
The Joint Venture shall be formed to undertake the business of exploration, mining, processing, transportation, local supply and exportation of silica sand and/or to partly outsource such business activities to contractors and to explore other ancillary businesses or opportunities beneficial to the Parties, as may be mutually agreed upon by the Parties in the manner as stipulated in the JV Agreement. MBI Kedah shall grant the right to the JV Company to carry out the exploration and mining activities at the new exploration assets located in the state of Kedah
to someone who said i only leave negative comments, please refer back all my comments about arbb and ages, and point out which time i predicted both of them wrongly?
or is it just becoz you guys have been trapped in this counter for too long and let the false hope blinded your eyes, making u fail to see what's wrong with this counter? people tend to perceive only the information that they wish to see and block out all other signs and information that go against their believes. good luck to u guys, i actually do believe that this counter MIGHT have a chance to bring u guys fortune, just not anytime soon, probably in next few years cause no one can really predict what's going to happen that time.
I am not sure I am the one that hurt others. Well, In my case , I said sorry. I think i cheer too much. However comparing the business with others construction sector, I do think the possibility of Ageson is big while comparing with other counters. Maybe some of others not looking good at the counter or management but time to time,we did see the improvement of Ageson , Right ? Again, I'm sorry if I hurt the someone above and I am not sure I am the one.
in fact i dont even think this is a good pick for mid/long term investors, only suitable for amateur value investors / gamblers who just invest based on what they prefer to believe, or the real value investors who made effort to visit their sites and offices, communicated with the board of director, have enough resources and connections to investigate the company's condition in and out instead of making judgement from what the company published to the public.
@Newuser777 would you mind to share some insight for real value investors, for what you know about this company? Thanks in advance
Newuser777 in fact i dont even think this is a good pick for mid/long term investors, only suitable for amateur value investors / gamblers who just invest based on what they prefer to believe, or the real value investors who made effort to visit their sites and offices, communicated with the board of director, have enough resources and connections to investigate the company's condition in and out instead of making judgement from what the company published to the public.
@LohNewbie sorry to disappoint you but i have to admit that i am not a value investor, i dont have the resources that are required to become one, so i decided not to PRETEND to be a value investor like many here people do.
@shortinvestor77 turns out i was wrong, its performance is worse than i expected
i am a value investor, but i am also an opportunist, which i think all investors are. Those saw opportunity in Ageson bought it, which i did as well. I merely think that ageson holds enormous opportunity, although these opportunities yet to carry any value due to the sand purchase agreements are not legal contracts that has value, only signifies as opportunities. But once the agreements turn into contract, they will become enormous value. As of now, i just took a leap of faith and finger crossed, the management will help to make the opportunities & dream come true! If the Kedah MB hinted company is indeed Ageson, it will be too late to chase anymore.
@Newuser777 It is okay . sure not a problem. Anyway May I know more about this company from you, I am sure you know some if not a lot, can you?
Newuser777 in fact i dont even think this is a good pick for mid/long term investors, only suitable for amateur value investors / gamblers who just invest based on what they prefer to believe, or the real value investors who made effort to visit their sites and offices, communicated with the board of director, have enough resources and connections to investigate the company's condition in and out instead of making judgement from what the company published to the public.
haha, many people will think that ageson is market RM 10 company instead of 0.13 cent and they keep worrying and scare any bad news come out will affect on Ageson... haha...is it too naive..for me as long ageson is below 30 cent is worth to hold for long term just like PA RESOURCES.
Ageson Bhd is confident of achieving even higher earnings for the current financial year ending June 30, 2021 (FY21) after posting a record-high net profit in FY20.
In a statement, the group said it is positioned for a sustained growth, supported by its RM149 million construction order book and the export market for its silica sand business.
With regards to its property development segment, Ageson said it will be focusing on its upcoming project in Batu Ferringhi, Penang, which has a gross development value of RM178 million. This project will keep this segment busy for the next two to three years, it said.
Executive director Datuk Seri Chin Kok Foong noted that a new management emerged at the group in 2QFY19, with the group posting a record-high net profit of RM38.9 million in FY20, compared with RM2.7 million in FY19. The higher profit was driven by the group’s construction division
yes yes yes!!! sure limit up this week, super undervalued rocket stock! buy before it's too late, cant believe i am so lucky to find this counter just by filtering coutner with low PE, i must be a genius to be able to discover it first before all other people do. extremely underpriced counter sure can bring u fly up to the moon later. i already get mortgage loan with all my houses and car to bet on this hidden gem counter, trust me sure it will limit up this week, it's so easy to tell, just look at how beautiful are those numbers in the reports, ages gogogo!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Newuser777
222 posts
Posted by Newuser777 > 2020-12-03 22:31 | Report Abuse
i can assure you all tomorrow will drop back to .14 or .135