talk all you can bro, i will just sit back and collect more

good opportunity to collect more ticket again, been a long time since ages is below 0.10

Seems like all the long essay are just accusation without prove, just ignore this dude

Red sea today, price low, plz declare dividend, what logic is this?

We might see if there's any good news on the next EGM

GuanYinMa had spoken, 20sen confirmed by this year, we gonna huat together

I had spotted several interesting things going on about AGESON BERHAD (KLSE:AGES) and would like to have a further discussion on the potential return of AGES could give us.

1. From a technical standpoint, the company share price had dipped into the 11.5 cents region for multiple time but couldn’t go down. Coupled with the reduction in volume traded, this is a very “text-book” version of consolidation pattern.

2. Construction sector is down over 8% in May 2021, but AGES was not affected by the downturn.

3. Historical high growth in revenue and net profit of the company, but no dividend has been distributed yet.

4. “Suspicious” conversion of ICPS at the price of 13.0 cents per share, which has amounted to 20.8 million in the most recent announcement.


Based on the several factors above, AGES’s share price is still remaining resilient despite the lockdown. A more interesting thing to consider is the collection of share price as well as abnormal conversion of ICPS to mother share at a premium. My question is, why?

Most likely, there are some interesting developments going on with AGES. Unfortunately, no useful information is able to be extracted from the forum as it seems like the previous hateful owner of AGES – Dato Fong hired some keyboard warriors to attack the forum.

Anyhow, AGES looks like a very interesting case study. Thoughts?

I think more investor just care their own pockets, who cares about good company like AGES right? As long I profit from it

after dato liew takeover AGES, the company obviously performing so much better, not sure why the hates comment here

just a quick analyst from the last QR, pretty nice read. thanks for sharing

@240gpark Yep, might be the same syndicate that trashtalk and spread rumors few months back

Thanks, I just hate these new account just keep spreading fake rumors. Let us know when SC reply you

new account spreading fake news again? same old trick by the ex-management it seems

EGM coming soon, big announcement ahead?

https://klse.i3investor.com/blogs/hgedessmond/2021-06-10-story-h1566136549-Upbeat_Earnings_Post_Pandemic_A_Gem_You_Do_Not_Want_to_Miss.jsp

Undermining value
Surprisingly, despite the implementation of various phases of MCO in 2020CY, the company managed to maintain its buoyancy in recording continuous profitability. As a result, the company recorded RM38.9 million in net profit after tax for 2020FYE. For 2021FY9M, the company registered a total net profit of RM23.7 million. This is inline with our 2021FYE estimation of RM32.1 million in net profit.

Healthy cashflow
With RM9.0 million in cash and minimal debt level of RM3.0 million, AGES remains as a net cash company. Our screening on 58 listed construction companies in Bursa Malaysia had only returned 9 companies with net cash composition.

Risk in trade receivables
Alongside with the increase in both top and bottom line, the trade receivables had increased from RM53.7 million in 2020FY9M to RM81.6 million in 2021FY9M, representing an increase of 52% in working capital.

Worst is over
From the tone of the management in both quarterly reports and annual report, the management continues to show confidence in managing AGES through rough waves. Based on a reasonable industry average PER of 8.7x, AGES deserved a better upside potential to RM0.210. Our mid-term TP for 2021 remains at RM0.210 and BUY recommendation was issued on today.

After a throughout and in-depth study on the fundamentals of the company, we determined that AGESON BERHAD (“AGES”) deserved a better valuation, and a BUY call was recommended at 8.7x PER for CY 2021 and arrived at a TP of RM0.210 (Appx. 75% upside).

Recap
AGES’s 2021FY3Q comes in lower in revenue and net profit of RM48.8 million and RM6.2 million, respectively. Based on the quarterly report, it was noted the downfall was mainly caused by lower development activities and lower construction revenue recognition.

Challenging outlook
The construction landscape is proved to be more challenging in 2021CY with the implementation of FMCO. A crude consumption would be lower construction activities in 2021CY2H coupled with political uncertainty. In May, the general construction sector performance had contracted by 8.28%.

this micheal is a promoter la aiyor

the longer it sleeps, the stronger it will get when it breakout

big thing waiting for ages investors

another good timing to collect more for sure

what to do, market is still quite bad now

another week, another race to start for AGES

just waiting to fly right now, grab ur seat first!

goreng goreng, waiting for ppl to goreng lor

yep, feels weird to AGES investing on tech compare instead of ARB, maybe just wanna let ARBB focus their own stuff?

anything can happen, if KYY really interested in AGES, we are gonna fly high like never before

Definitely will get rewarded, look at ARB, now lets wait for AGES now...

just collect your ticket while you can, once breakout, you will be rewarded

duit kopi confirm can la, duit condo pun boleh

No one can predict when it is gonna breakout, tomorrow? next week? maybe next month? All I know is this company is deeply undervalue by the market right now

What are u saying? company name mmg is AGESON BERHAD

AGES is definitely a good company, seems like more and more ppl and noticing it now, Lets go AGES

Yep, everything is align now, just waiting for the real show to begin

Cheer cheer for fun lor, consolidating at 0.13 for quite some time, the longer the consolidation, the stronger the breakout

Big volume recently, sign of a breakout??

dumbass ex-management lol

https://www.sinchew.com.my/content/content_2456099.html

Yes, good news ahead

https://www.thestar.com.my/business/business-news/2021/04/07/ferrier-hodgson-completes-forensic-audit-on-agesons-suit-against-its-former-managing-director

@saidora yes

Correct, 13 PA to mother or mother + 12 cents

No worries, AGES currently in good shape!

Everything also fake, fake price, fake counter, fake news. Haters gonna hate

Ageson sues former MD, director and others over alleged scheme to defraud company

https://www.theedgemarkets.com/article/ageson-sues-former-md-director-and-others-over-alleged-scheme-defraud-company

ex-management got punished hard, served them right!

ex-management kena sue now, time to AGES to fly?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3139811

Gogo AGES

Now just waiting for big signal to confirm, which will be happening quite soon

if there's a breakout for AGES, it will be a big one.

buy & hold, profit only count when you sell lor

drop back to 0.12 range again, time to accumulate more