The announcement has cleared the clouds.

Cheh...Before this I heard a lot of rumours defaming Ageson, probably will suffer and inherit material litigation caused by previous mgmt. Just RM21mil term loan, I thought what is so appalling.

Based on latest few quarter results, it achieved huge improvement on profit margin and cash flow under new management. Net profit for FY20 hit RM37mil and operating cashflow improved to RM33mil. Therefore it is just a piece of cake to settle the total borrowing of RM21mil. After that, AGESON will become a net cash company.

Thanks for sharing

I sold out this counter previously bcos of the ex mgmt, very disappointed on every quarter report even with large orderbooks. Now under new team seems like having a huge improvement. Profit margin and cash flow back to normal.

@scrown No doubts, if you're the ex-owner of the company, you sure will dry up all the company or subsidiaries assests after you've sold out the shares.
Over the past decades, it is not hard to find out the ex-owner character. For your info in year 2010-2015 was property bull cycle in Malaysia, psiptek's project like VUE, PUNCAK 7 took up rate was around 95%, revenue for construction and property developments recorded between RM200mil and RM400mil but net profit just a few million or less than 5%. I don't know how they siphon the profit from the company.

This company caught my eyes for 4 consecutives quarters best earning. But suddenly saw this blog.

https://aisahbintimohdliew.blogspot.com/2020/08/part-tiga-ageson-financial-analysis.html

Apa akuantan ini, lol
"saya telah menjemput rakan saya yang sedang mengambil KURSUS PERAKUANTAN untuk memberi komen mengenai Quarterly Results Ageson."

Do you know what is "reverse accrued expenses" and "write-back".

He also unprofessionally mentioned above the Finance Cost. "The finance cost come and go as if they own the bank. Did we miss any interest-free financing package available in the market?" haha

If write-back RM909k financial cost with a total RM21mil outstanding borrowing dubbed as "they own the bank". How about Fajarbaru Bhd, outstanding borrowing RM30mil, they write-back about RM10mil financial cost in Q4, is it they rob the bank? Lol lol lol

Hunter 88, if really a good deal, why not you eat 13.5, ready seller there.

I bought at 15-16, now want to cut loss at 13.5 also very hard, this share market syndicate always spread news to take profit especially in penny stocks. So if want to buy property counter better go for mid cap or blue chip like MRCB, GAMUDA, UEMS...Good luck

Sales，bcos we been trapped and annoyed, waiting chance to cash out.

If you compared with Mahsing, huayang, ECOWORLD, UEMS, IOIP,...their projects take up rate only hit 60-70%, but gross profit can reach at least 20-30%.

Bigshark always uses nice figure to trap ppl jump into it... haha. Did you aware that, property development division the only project- Fortune Centra take up rate more than 95% sold at RM600-700/sf, gross profit only at 10% despite cheap land value which bought in year 1988. Hahahahhahaha

Seems attractive now, but already all in at 70

Someone keep hardselling this counter, becareful

Yes, 3-5 years just a blink of an eye, but our country will left behind Indonesian, Thailand, even thought Vietnam in just a blink of an eye also. Emerging countries craving for infrastructures development, our country turning back for PROTON 3.0 pulak. Reminisce history, centuries ago, Malaysia thrive because strategic location from east to west, north to south also have to pass through Malaysia. But decades ago, SINGAPORE had substituted Malaysia as an international hub. Malaysian had been bypassed.

ECRL was part of china's belt road initiative and also a game changer for Malaysia to recoup the status of international hub. It could bridge from east port and West ports in malaysia, yet provided time and fuel efficiency for world traders.

HSR connected two Asia Financial hubs(Singapore and Kuala Lumpur) could creates job opportunities, tax revenue, tourism,etc....

Now, all gone or postponed. Thanks to Maha-thir

Steel uptrend moving on, quarter result should be very good.

Now, the whole world taking about MASTEEL. Pretty good sign

Gogogo

Be aware guys!!!

0.80 soon

Value buy

Rip

Pls refer to my post on May 22, I've warned you guys. This is how they play, as usual

If you aware how stock alliance play, you will find out he only picks counter with low volume(easy to speculate).

Be aware guys.

Minda, careplus, ivory, psiptek, bpuri, etc....he hardly recommands pepole buy since last year, now down like hell, this preys loss more than 30% he totally covered up.

Haha, stock alliance everyday hantam dozen of counters, finally 1~3counters up, he came out and take credit pula. Ridiculous

Boiling

Gogogo

Ya, I love this dividend stock so much, better than fd

Awesome, have to be patient

Should avg down the price now

Market doom, cresbld still standing firm.

Construction hidden gem

Opportunity to accumulate

Ya, value buy now

Preelection rally, o&g counters rebounding.

Ask ppl take profit at 15cts, now price flying to 18.5 you take credit pula. So funny

Rip

Market not good, good counter also no power

Slowly accumulate to average down the price.

Good quarter report companies take turns to rebound

Good quarter report companies take turns to rebound like kssc.

Good quarter report companies take turns to rebound like kssc.

Good quarter report company staring to show power

All is about GREEDY, we can alert investor but can't blame anyone because you the decision maker.

All is about GREEDY, we can alert investor but can't blame anyone because the decision is made by his/her own.

SA investment group 10k followers hit the snag now

This is how the trap works. RIP

Be aware better dun chase high

Low volume slowly buy

If 0.90 opportunity to accumulate