The return of the king – AGESON BERHAD

Sometimes, going against the naysayers are like surfing against a wave in opposite direction. However, good companies will always reflect in value eventually.

AGESON BERHAD is by far the best example I’ve seen.

After the long consolidation phase by AGESON BERHAD, and despite the market was in fact terrible today, we still see a powerful rally in the company’s share price. That is, along with volume of 5.65 million shares changed hand.

Despite a strong rebound of share price by 14.6%, the current Price-to-Earnings valuation of the company is still relatively low at 1.71 times, way below the market benchmark of 8 to 10 times trailing PE for construction or developer companies.

Yesterday’s rally is just the beginning.

For long term investors, you may price in AGESON at a 5 times valuation and see it for yourself for how far the company can go. And for traders, a short-term TP of 30 cents is very viable by end of this week.

Hold tight, fellow AGESON shareholders!