Posted by TCH1186 > 2024-02-06 16:57 | Report Abuse

Cny is coming hehehehe

Posted by TCH1186 > 2024-02-06 18:35 | Report Abuse

Trust me u wont get 6c anymore xD

Posted by TCH1186 > 2024-02-08 09:39 | Report Abuse

thank you operator. i love you.

Posted by TCH1186 > 2 months ago | Report Abuse

Why so hard to hit 9c. Come on operator i love you ok?

Posted by TCH1186 > 2 months ago | Report Abuse

Go up liao why take so long wthhh

Posted by TCH1186 > 2 months ago | Report Abuse

10-11c confirmed

Posted by TCH1186 > 2 months ago | Report Abuse

XOXO :-*

Posted by TCH1186 > 2 months ago | Report Abuse

:'(

Posted by TCH1186 > 2 months ago | Report Abuse

Alrdy show greenlight. Im a golden hand

Posted by TCH1186 > 2 months ago | Report Abuse

operator think he can beat me liao. no way.

Posted by ks55 > 2 months ago | Report Abuse

Ageson rises 8% on new RM330mil sand supply project

What was the outcome?

https://www.thestar.com.my/business/business-news/2020/04/20/quick-take-ageson-rises-8-on-new-rm330mil-sand-supply-project

Posted by Noni > 2 months ago | Report Abuse

Turned into sand already

Posted by koyokui > 1 month ago | Report Abuse

Time to buy. Tp 11sen insyaallah

Posted by mastertrder > 1 month ago | Report Abuse

No eye see

Posted by TCH1186 > 1 month ago | Report Abuse

Im a golden hand

Posted by mastertrder > 4 weeks ago | Report Abuse

wah golden hand spotted, whats ur tp

Posted by mastertrder > 3 weeks ago | Report Abuse

mampussss

Posted by felet404 > 3 weeks ago | Report Abuse

fatty liew and team sapu what is left inside the counter already.

Posted by birkincollector > 1 day ago | Report Abuse

starts moving because independent asessments found nothing wrong with the audit

Posted by BLee > 1 day ago | Report Abuse

There is so much ‘water under the bridge’, today report, Link:
https://www.klsescreener.com/v2/announcements/view/7004493 , dispelled some negative comments on AGESON. Some details extracted from the reports as below:-

“The issues and matters raised by the Company’s external auditors in the Audited Financial Statements for the financial period ended 31 December 2022 have been addressed accordingly.

‘- 1. Disclaimer on Revenue Generated from Trading of Construction Materials
1a Ageson SMSGMBH Sdn Bhd
The Company recorded revenue from trading of polyester plywood and cost of sales in the statement of profit or loss and other comprehensive income for the period ended 31 December 2022 amounting to RM412,959,680 and RM322,180,800.
Finding: It was noted no irregularities based on the analysis on the respective customer’s audited financial statements.

1b Ageson Power Sdn Bhd
The Company recorded revenue from trading of polyester plywood and cost of sales in the statement of profit or loss and other comprehensive income for the period ended 31 December 2022 amounting to RM26,078,720 and RM20,841,600.
Finding: It was noted no irregularities based on the analysis on the respective customer’s audited financial statements.

‘- 2. Veracity of the fair value balances of Ageson Berhad’s other receivables carried in the statement of financial position, amounting to MYR43,301,840

Ageson Berhad
The balances of the Company’s other receivables carried in the statement of financial position, amounting to RM43,301,840 as at 31 December 2022.
Findings: Based on the independent assessment, it was noted that Ageson Berhad’s other receivables totalled MYR 43,301,840 as of 31 December 2022. Of this amount, Prinsiptek International Limited owes MYR 1,799,065. The entire amount has been fully impaired by the Company for the financial year ending 31 December 2023.
The remaining balance of MYR41.5 million pertains to the stakeholder sums held under Ageson’s panel legal firm.
‘- 3. Dispute on Valuation of Intangible Assets in Ageson Industrial
Ageson Industrial Sdn Bhd
The balances of the Company’s property, plant and equipment carried in the statement of financial position, amounting to RM138,471,667 as at 31 December 2022. The Company recognizes its property, plant and equipment based on cost model. As a results, there is deferred tax liability of RM13,699,200 reported in the financial statement.
Findings: Based on the independent assessment, the valuation report appears to be supported, and the personnel responsible for the valuation possess the requisite credentials and qualifications.
The Company will work closely with the potential auditor to address the above in the audited financial statements of Ageson for the financial period ended 30 June 2024.”
IMHO, will have to wait for a few more months to see the actual corrections on the audited financial statements of Ageson for the financial period ended 30 June 2024…to hold, buy or sell.

Posted by sting79 > 1 day ago | Report Abuse

New auditor:
Virdos Lima official website has an address at Persiaran Tropicana, Tropicana Avenue.
Virdos Lima Linkedin has an address at Jalan Sungai Jernih, 8 Avenue Business Centre. In Linkedin, the company posted one job opening, so this address should be more 'valid'.
Both sites address do not match and also no office number to contact.

Previous auditor:
Messrs Jamal, Amin & Partners has an official website and Linkedin.
Both addresses matched, they have multiple branches in Malaysia with office numbers to contact. They also have history of completed projects and various important info of which anyone can use to verify its validity.

Based on these surface information, we can assume the company is hiring a 'questionable' auditor to verify the audit work of a 'reputable' auditor. I think the 2nd audit work will be favorable to the company, this is also to align with the PN17 regularization plan.

--- Prediction on 2nd audit work is correct so far.
--- Next prediction is that the timing of the final audit correction will match the timing with company coming up with PN17 regularization plan.
--- 25 million market cap is an almost fully cornered stock, please be careful.

Posted by Victim1 > 23 hours ago | Report Abuse

Full of fake documents. Just wait for the criminal case against them at court and this only easy way for the auditor do this company report. Let see the time comes against the previous boss for what criminal had they done on falsified documents.

Posted by BLee > 20 hours ago | Report Abuse

TheEdge report gives a better picture, Link:
https://theedgemalaysia.com/node/711571

The findings are in parentheses, as usual just a quoting only..highlighted are two flagged ‘impairment’ issues not addressed, i.e.
“Notably, there were two other issues raised by the external auditor that were not addressed in the independent assessment.
The auditor flagged that Ageson did not recognise impairment for its capital contribution in its subsidiaries — namely Ageson Development Sdn Bhd and Ageson Enterprise Sdn Bhd — totalling RM140.47 million. It said accumulated losses would have increased by RM63.97 million as of Dec 31, 2022, had such losses been recognised.
The auditor also highlighted that Ageson did not recognise impairment for its other investments related to Ageson Development, which would have otherwise increased accumulated losses further by RM4.15 million.”
@sting79, Virdos Lima Consultancy (M) Sdn Bhd (“VL Consultancy”) office phone number 0378870889 can be easily found with Google search..
Happy Trading and TradeAtYourOwnRisk

Posted by sting79 > 13 hours ago | Report Abuse

Thanks BLee, but another quick search at google gives me the same number for Sin Han & Co.