If you think that construction and property sector earnings will get hit badly now, think again.

I would like to share with you a company that has been able to deliver consistent earnings despite the terrible market sentiment, in which, the ompany might even record new high in earnings in the next financial year!

And this company would be - Ageson Berhad (7145)

As of now, AGES is holding around RM 150 Million worth of unbilled order book on their hands, including their sand business. And that's around double of their revenue in FY 2020!

And like the title suggests, a lot of investors underestimated the earnings potential for the sand business - do you know sand is amongst the top 3 resources we tend to use in the world?

Looking back onto the company's last 4 quarters, the recent 3 quarters showed a QoQ growth despite MCO / CMCO / RMCO. Which other property or construction counter you could find with such profitability?

I think you couldn't find one.

The profit for AGES in FY 2020 are as below:

FY 2020 Q1 - Net Profit RM 2.00 Million (YoY increased by 1,809%, QoQ slightly decreased by 11.17%)

FY 2020 Q2 - Net Profit RM 8.94 Million (YoY increased by 3,892%, QoQ increased by 346.26%)

FY 2020 Q3 - Net Profit RM 10.34 Million (YoY increased by 2,327%, QoQ increased by 15.62%)

FY 2020 Q4 - Net Profit RM 17.30 Million (YoY increased by 667%, QoQ increased by 67.28%)

Yes, the ICPS of the company might sound intimidating. But do you know, ICPS is actually one of the cheapest method for the company to finance for it's project? (Although AGES's cash position do not need such cash)

It is not hard to expect AGES to hit RM 60 Million - RM 80 Million in net profit in the next financial year, calculate that with the current market cap, and you will realize that AGES's earnings actually surpassed even some mid cap companies!

Time and time again, I have urged investors in the forum to invest in this company for its future prospects, but short sighted investor rather spend their money stuck under glove counters. How would that benefit you?

And bear in mind, currently we are in a so called "bear cycle" of construction & property sector. Yet this company is able to deliver such impressive earnings. Imagine this, how easy would it be for AGES to double or triple when the sector comes back to the bull mode?

I rest my case.