For the current year quarter, the Group achieved a total revenue of RM52.40 million, representing an increase of RM30.90 million or 143.72% as compared to RM21.50 million in the preceding year corresponding quarter. This was mainly due to higher billing recognized from trading of construction material. Ageson Group recorded a profit after taxation of RM11.83 million, representing an increase of RM6.76 million or 133.33% as compared to RM5.07 million in the preceding year corresponding quarter. The increase was due to better operating profit and bargain purchase arising from an acquisition of a company during the financial period under review. The Construction Division was the sole contributor to the Group revenue as Property Development Division was impacted by the extension of Movement Control Order (“MCO”) 3.0 imposed by the Malaysian Government.
Expecting further drop targeting 0.03 but suddenly today out good quarter. Don't mind either way, up is always good, if drop further many with bullets are preparing to collect...
s3phiroth: others should stay away from AGES & ARBB, could be same modus operandi like SCIB/KPOWER/SERBADK which I did suspect long ago before the current hiatus. All 3 companies have one thing in common: super quarters, price fly and fly, one straight line that is up hence my suspicion.
But AGES is kind of different: one straight line up but not exactly (good quarters), another straight line down (share price). Please advise what to do those who still hold the share..
PROSPECTS The inoculation rate in Malaysia has been encouraging in the second half of 2021, achieving an adult vaccination rate of over 90% in November 2021 as part of the COVID-19 National Immunisation Programme. This has largely been instrumental in reducing the daily COVID-19 cases and as a result helped lifted the Movement Control Order (MCO), allowing a wide range of economic activities to resume in Malaysia. The outlook of 2022 is positive as the Group anticipates positive business sentiments as the country continues to chart its economic recovery on the back of various stimulus packages introduced by the Government. Apart from trading of construction materials, the Group will focus on construction and property development sector. This is evident from the award of a development right to carry out a mixed development project in Daerah Batang Padang, Perak in October 2021 from Menteri Besar Incorporated (Perak) (“MBI Perak”). In the meantime, we continue to intensify our efforts to drive down operating costs and improve operational efficiencies across existing processes. Barring unforeseen circumstances, the Board is cautiously optimistic that the Group will perform satisfactorily in the financial year ending 2022.
@Money_Come: This company low cash flow, price hard to up
24/11/2021 9:26 PM
BLee: Hi @Money_Come, good observation. This report as at end of Sept. 2021, the last 2 months, I believed Ageson did managed to raise some cash by selling land and by PP. If PP consist of only 1 tranche, it won't be anymore discounted price issuance, I hope...then price will recover. Happy trading and TradeAtYourOwnRisk.
Dunia ini macam macam orange Ada bagai jihad nak jatuh satu satu kuanter Entahlah apa munafaatnya Ada yang terlalu nak ia naik Entahlah apo lagi Yang pasti, Kecil kecil tak mampus Dah besar ini menyusahkan orang
"We're very optimistic on our earnings growth going forward as the government has continued to introduce stimulus packages that are supportive of the economic recovery.
"Our next focus will be our recent collaboration with Zhejiang Group, a conglomerate company based in Hangzhou, Zhejiang, in China.
"The sale and development will create synergistic opportunities and benefits to both parties as we can leverage and tap on the respective party's strength, experience, network and expertise in construction," Chin said.
He said the development will provide earnings visibility for Ageson over the next few years while also expanding the company's income base through the development of built-to-suit industrial space.
"We understand that the first stage of the development is to build an Economic Industrial Park to integrate the ecosystem," Chin said.
Do not waste money, just avoid this counter own by kon fintec group loh!
VERY VERY IMPORTANT WARNING MAH!
Dishonest scenery is a dishonest agent of kon fintec syndicate mah!
Be very careful of Scenery....he is all out to kon u mah!
Posted by scenery > Dec 3, 2021 4:59 PM | Report Abuse
WARNING:
stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5000% - 10000%
He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculous. This conman has caused millions of people losing huge by pretending to help newbies.
@stockraider: Do not waste money, just avoid this counter own by kon fintec group loh!
BLee: Hi Bro @stockraider, when is Fintec group and Ageson related? Only relation for me is I have invested in both counters. For info, I have flip 80% of Insas (remainder 20% become zero cost) and inclusive of huge profit during recent Insas RI of RPS into Fintec, Focus D, KGroup and recently into Ageson at 6sen. How can Ageson being con counter when continously making profit for the last 23 quarters of profit?
Details of latest Ageson QR:
Gross profit: RM9.065mil
Other operating income: RM126.692mil (very exceptional)
Total comprehensive income for the financial period: RM11.833mil (suprisingly increase after tax as usual case will be lower than gross profit)
EPS (sen): 1.48 this QR vs 0.57 of last QR, sign of growth stock of almost 3 times.
NET ASSETS PER SHARE (RM) of 0.25 divide by share price of 0.05 equal 5 times vs Insas NTA of RM3.23 divide by share price of RM1 equal only 3.23 times. Which is more undervalue?
The next QR could me better due to recent PP exercise to settle outstanding loans from previous management; interest free PP pay up on interest bearing loans. NOT all PPs are bad...I am with you on fight against PP on dilution of shareholders interest. TQ
Details of latest Fintec QR:
Gross profit: RM1.786mil
Profit for the period: RM23.572mil
NET ASSETS PER SHARE (RM) of 0.0872 divide by share price of 0.015 equal 5.81 times vs Insas NTA of RM3.23 divide by share price of RM1 equal only 3.23 times. Which is more undervalue?
Both Fintec and Insas are investment based business, if Fintec is con company, how about Insas which very much depend on Inari market price?
stockraider has his own point, but not necessary always correct ie. avoid Fintec and all its related stock. He promoted Netx before, so his statement clearly is not very objective.
I owned Trive before which is even worse than Fintec. Just look at Trive 5 years historical high and current price, you'll see what I mean (don't use i3investor, its default chart does not include many capital changes).
Anyway, I've beaten few times in Trive before (biggest total won in my counters), so cannot fully say all penny stocks especially Fintec related ones are worthless. Some contrarian will say cannot use historical to judge future, but I'm only stating what happened before, not predicting anything future since nobody can ever accurately tell what the future hold.
Almost anything in bursa is going down non-stop, and could be worst coming weeks since Omicron detected in Malaysia. Many doomsayers will tell you hedge funds are withdrawing from share market, buying up commodities, great inflation is coming etc, but if you're a retailer with a still functioning job/business that provides income, what is there to be afraid of?
Please do not feed into the fear/paranoia/doomsday mentality that is being promoted almost everywhere online. I hope more people will stay positive at these times of uncertainty especially retailers in this very much beaten down KLSE.
Thanks @BLee and @sting79 for the rational comments. I always find it funny that these people had nothing to do but come at AGES daily like its their job. Anyhow AGES is rebounding although market is terrible, good sign, if you ask me.
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 > 2021-11-19 19:39 | Report Abuse
FlyFried a trader should keep averaging down just like u do, no need to think about cut loss and risk management