powerful

Yes agree to all,

Welcome one

Welcome all

Welcome to the safe stock called Ageson

Sell others and buy Ageson while cheap

Ageson shares will shoot up in no time

Hardly bipartisan US gargantuan $2 trillion rescue package wil be approved today

Just wait for it

?

Covid 19 causing force-selling & free fall of index

Just a month ago, markets across the globe, particularly the Dow Jones and the S&P 500 were at all-time highs.

How things have change so drastically in a matter of weeks. It has been four weeks of pandemonium in the market.

Covid-19 has gripped the world, not just with its ability to spread disease quickly, but also to replicate fear and terror.

Governments around the world have hurriedly launched their respective stimulus packages to attempt to fight the contagion and collateral damage left in its aftermath.

However, judging by how financial markets have been hit by circuit breakers, limit-downs or even shut down, it’s safe to say that mass panic is the emotion ruling the day. Investors are not thinking about valuations any more.

The Dow Jones has fallen 32.7% from its peak of 29,569 on Feb 12, while the S&P 500 has also fallen 29.3%% from its peak of 3,386 on Feb 19.

Malaysia was not spared.

The FBM KLCI has been floundering since the 2014 general election. Since its peak of 1,887 on April 20,2018, the index has been on a slow downtrend.

From that peak, the market is down some 35% at the 1,219 level on Thursday. On a year-to-date basis, the FBM KLCI is down 23.7%.

In early February, it was the 1,500 level that was the support for the local index.

By end-February, it had to be the 1,400 level. By March 16, the 1,300 level was breached and the 1,100 level could be the next stop.

Force selling in Malaysia

The reasons for the FBM KLCI free fall are the margin calls and force-selling. Those who cannot cover their margin calls are forced to sell and the stock goes to a new low. This, in turn, triggers the margin call again, where prices again hit new lows, and more investors are affected. It’s a vicious downward spiral until the last of the weak sellers have been taken out.

What the market needs now is stability. It doesn’t need to go up. It just needs the margin calls to be contained, if not stopped.

So, at the market’s current level, are we close to that point?



What is patently clear is that tremendous values have emerged after the recent collapse. For example, Maybank, CIMB and Public Bank, the three leading Malaysian financial institutions, are trading at historical price earning ratios of nine times, seven times and nine times respectively. Dividend yields of Maybank and CIMB are between 7% and 8%.

There is so much value in well managed listed companies that it would be a fantastic time for major shareholders to take their companies private.

WHO announcement

The World Health Organization is working with scientists across the globe on at least 20 different coronavirus vaccines with some already in clinical trials in record time — just 60 days after sequencing the gene.

“The acceleration of this process is really truly dramatic in terms of what we’re able to do, building on work that started with SARS, that started with MERS and now is being used for COVID-19 ,” Dr. Maria Van Kerkhove, the technical lead for WHO’s emergencies program, said at a press conference at the organization’s headquarters in Geneva on Friday.

My advice: There are already many announcements of the discovery of vaccine that can cure Coronavirus infection. As long as you do not have margin call, do not sell at this ridiculous price level.

Ageson price are very stable now, so its that time again guys!

看到面子书一个中了招住吉隆坡的华人说，一个医生跟她说两个星期不可能解封因为政府现在医疗严重短缺。但几个小时前，卫生部长又公布，现在一切医药资源充足，一定有能力战胜这场瘟疫。忽然公布这个觉得有点不正常。

现在政府很敏感这个话题。

KLCI in FOMO mode.

BNM last Thursday action is giving banks super confidence last Friday.

The last Friday surge is making many saliva coming out and cannot resist any downside in price as many think if they don't make money from stock market this week, the coming recession will KO many people.

It all depends on whether Trump can push market up tonight.

Since Trump's senators already sold 2 weeks ago, letting it drop further also never mind.

I don't think Trump need to push the market up. The use of "Chinese Virus" is good to justify any drops in stock market.

So many bad news in the West for the past few days and so many stimulus plans will wobble the market tonight.

I think the curve was already flattened long ago with slow testing.

If the 1600+ who are sick to be tested at once, there is no way it is a flattened curve. It should be a much more serious curve than Italy.

Since the Health Minister just announced they will do many testings from now on, you should see a surge in +ve cases in the coming days.

tq

lol

let's c how the afternoon session goes, it could be stable or..

bye

tumbling

Yeah, Lots of people think this a a hoilday for all? lol, later bring all those covid19 balik kampung

Morning larriechew ,when you see so many days ,Ageson price stable at 0.06, so its a signal to top up.Just remember buy when its low ... the only way from going down after this is Up UP and away.

This price is already very low, so do not wait and never buy some.(Afraid the price might go more lower) Lots of people chase like raging bull when price is high(will catch a falling knife)

This is the time for the ones who have spare money to play!

Just like what靓女 phoon phoon said, 行情总是在绝望中诞生!

Better don't go out then, thanks for the news guys. Just stay at home lo.

jak死你later

hihi

hihi good afternoon everyone!

Sure why not? Noraini and Uranium. Let's do the shopping spree today.........

hi hi good morning everyone

Ph no good? Still can't compare ? Please have a good look at our share market now!

cheap cheap

no point holding

covid -19 hits kl town area, be prepare! Wear mask and bring sanitizer , avoid crowded places!

Stars are born when large gas clouds collapse under gravity. They form hot cores that gather more and more gas and dust until a protostar is formed. If only a small amount of gas is around, then only a small star will form; if a large amount of gas is present, then a massive star will form. Agesonstar will be born in no time!

earn a lot today, cheers

Wear mask and wash or sanitize hands often. Keep away from crowded places. Mask are expensive recently, ga ga

count me in at 0.60

drop a bit only, just try to hold on. most of the shares on market are not doing good. no worry

Yeah,no worry. I am personally holding 50% of my portfolio in Ageson. I believe in Ageson can make good profit from the coming big project. The share price can't move much without more information from the management.. may b the share price can only exlpode when release the coming qtr results if the management continue to be low profile

buy in some ageson shares just now, waiting for sudden surge!

AGESON次季净利飙39倍
Nanyang Sat, Feb 15, 2020 12:00am - 2 weeks ago


（吉隆坡15日讯）赚幅提高及内部重组节省成本，AGESON公司（AGES，7145，主板建筑股）截至去年底2020财年次季，净利暴涨约39倍，赚894万3000令吉或每股1.87仙。

该公司向交易所报备，次季营业额按年提升23.07%，至1055万8000令吉，归功于建筑与产业发展项目进度入账较高。



累积半年，净利激增约32倍至1094万7000令吉；营业额按年上扬30.38%，报2064万5000令吉。

凭借建筑业务现有订单、产业发展业务销售逐渐入账，及潜在新建筑项目，董事部将谨慎维持表现至下个季度。

同时，公司会继续谨慎投资，并专注于核心业务，以加强公司之间的协同效用。

I am PM for all, says Muhyiddin in first address to the nation

KUALA LUMPUR: Tan Sri Muhyiddin Yassin, in his first address to the nation tonight, vowed to become the prime minister for all Malaysians.

“I am a brother to the Malays, the Chinese, the Indians, the Sikhs, the Ibans, the Kadazans, the Dusun, the Murut and those of various ethnicities.

"I am your prime minister. Even if you are a farmer, a fisherman, a trader, a civil servant or a private sector employer, I am your prime minister.

“I urge you to support me to undertake this huge responsibility entrusted on me. Give me a chance to utilise my 40 years of experience in politics and government. I give you my heart and soul.

“Give me some time to outline a path under this new administration which I will explain to the people as soon as possible,” he said.

Muhyiddin, during the public address, said he had to explain what had transpired leading to his acceptance of being Malaysia's eighth prime minister so that his sincerity would not be questioned.

He said the decision to accept the appointment was to prevent Malaysia from being dragged into a prolonged political crisis.

“I came forward to offer solution when both candidates (for the prime minister post) did not get a majority.

"From the start, I and Parti Pribumi Bersatu Malaysia (Bersatu) gave our full support to Dr Mahathir Mohamad, but he did not get the support of other MPs.

"Therefore, the Yang Di-Pertuan Agong took the wise decision to invite party leaders to propose another candidate who might get the majority support of the Dewan Rakyat.

“At the time my name was proposed by Bersatu and other parties. According to them, I had the majority support.

"I had thought deeply before making decision (to accept it). What kinds of options I have? Support Dr Mahathir, who did not have the majority support or accept the PM post.

“If I support Dr Mahathir, the crisis would continue and might lead to snap elections. In this situation, as a leader, I had to seek a solution.

"I met with Dr Mahathir and asked him to support me. In that meeting with two other party leaders he said he was ready to make way for me if I had the majority support,” he added.

Muhyiddin said with that, he had accepted his nomination as the prime minister.

“I know there are those who are angry at me, calling me a traitor. Listen carefully. I am not a traitor. I am here to save the country being dragged further into crisis.”

Muhyiddin also said that he was aware of the people’s aspiration to steer the country back on track and not to be dragged into further crisis.

“I have no intention of creating confrontation with anyone. I wish to clarify things so that my sincerity is not questioned.” he said.

The prime minister also assured the people that his cabinet would comprise of clean individuals, with calibre.

“The priority is to increase administrative integrity and management. Fight corruption and abuse of power.

"I also know what people want is a governmet that is sensitive and efficient in solving the people’s problems and have the means to meet their daily needs.

“I also know the need for quality healthcare services at affordable cost.

"This will also be my priority. In facing the Covid-19 outbreak, let us together maintain our health and hygiene,’ he said, adding that he would focus on education too by making it stronger.

Muhyiddin added that his administration would focus on making the Shared Prosperity Vision 2030 a reality.

lucky i bought some

uranium- hopefully stimulus package will reveived malayisa economy......

sapu 1.18, wait and see the outcome