Drop 50cent Holland, then i Guess there are so many stock at Ace market all gg already. Hahaha, I like the way how Citadel9999 comment. So cute. lol

Only vaccinate can get construction back to recovery

A viable option for speedy vaccination is by setting up a mobile centre to vaccinate workers on-site


MALAYSIA’S accelerated Covid-19 vaccines rollout may promise a return to normalcy for the construction industry.

Since the indefinite extension of Full Movement Control Order (FMCO), construction companies have faced disruption in their supply chains and restrictions in their operational sites.


Gagasan Nadi Cergas Bhd said the Enhanced MCO (EMCO) announced by the government on July 3 has affected its construction sites in the Klang Valley.

“Our ongoing construction sites in the Klang Valley, namely Bukit Raja, Putra Heights, Serdang, Shah Alam, Serendah, Cyberjaya and Ulu Yam have come to a near-standstill,” Gagasan Nadi group MD Wan Azman Wan Kamal told The Malaysian Reserve (TMR).

According to Wan, under FMCO, only critical works are allowed to commence while suppliers of supporting services (such as steel, concrete and other raw materials) faced difficulties in keeping a smooth supply chain under the more-stringent standard operating procedures (SOPs).

“We opine that halting construction activities is not the solution because workers in the construction site face the same risk of Covid19 spread as when they stay in their hostels and dormitories,” Wan said.

Last week, Master Builders Association Malaysia sent a joint memorandum to the government to reopen the construction industry in stages and order of priority, as was reported by TMR.

Supporting the call, Wan suggested that a viable option to undertake speedy vaccination for the construction sector is by setting up a mobile centre to vaccinate workers on-site.

“Contractors would be able to gather all the workers to undertake the process, keep track and monitor them, as well as minimise movement compared to transporting them to a centre in another location,” he told TMR in an email reply.

Wan added that the outlook for the construction sector is very much dependent on the speed and scope of vaccination for all parties.

“Hitting a high vaccination rate has to be the country’s foremost priority in order to regain economic and social normalcy,” Wan added.

who the f will care good comment and bad comment, good investor or bad investor. I guess what everyone care is profit.

Push up the price or not. I don't know but there are an example to refer.
But here come's the point, Ageson is getting solid and market is slowly getting recovery.

https://www.theedgemarkets.com/article/sunway-issue-icps-repay-borrowings-fund-hospital-and-property-expansion

Today so hot again, Attention make price go !

When doing comparison with others penny stock. Ages is having good Fundamental just need sometime to growth the stock price. For long term, I am still looking good with it. Seriously if Ages not heavy drop, I will still buy back as I realize company is really doing thing compare with the ex-management and they slowly build up the company

Relax guys.....

hahahah... Tomorrow will come next round.

On fire again ?

https://klse.i3investor.com/blogs/karwaisharings/2021-05-22-story-h1565208307.jsp

No idea whats is going on here,

but to be honest.

project basic not stated in website is common.
Important is the project on-going. Just pass by.

Bye~

Sleeping giant....

https://klse.i3investor.com/blogs/afsskylimit/2021-04-15-story-h1563333459-A_NOD_FROM_DELOITTE_ANOTHER_INCOMING_HIGH_GROWTH_COUNTER.jsp

Knowing how cheeky Deloitte was in choosing companies to fit into their award list, it amazes me when ARB Berhad (Formally known as Aturmaju Resources Berhad), or stock code 7181 was in their list! What is so special about this ARB Berhad (also known as “ARBB”)?

For the past 5 financial year, ARBB’s revenue had grown from a moderate 35.036 million to 219.454 million. More interestingly – their turned around from a 15.593 million loss to a 42.870 million profit!

Upon studying deeper on the company, it was then I know this is a undervalued gem that I had been looking for. Unlike the hardware players positioned in Asia’s Silicon Valley – Penang, this company was based in Kuala Lumpur and was software orientated. I was attracted by their unique business model of partnering up with Small & Medium Enterprises to provide them customized ERP software.

I would say approximately 20% of the valuation are coming from their market proposition – for example INARI, MPI and D&O being the market leader of each respective sub-sector of semiconductor, and another 30% for the stunning growth opportunity. Hence, on average, a decent technology company should be only priced at half of the valuation these companies enjoy – which is around 26.0545 or ≈ 26 times PE.

Next question – WHICH is a company that we need to choose? Definitely not from those loss-making “tech” counters. A counter however, stumbled across my watchlist when I was going through several press.

The rationale behind picking these 10 companies is coming from their scale, market acceptance as well as proven earnings capabilities. Without a doubt, these are great companies. But how about the valuation?

These 10 companies resulted in an industrial average PE of 52.109 times. Which of course, is acceptable for me given the growth they demonstrated. But the upside for these companies is limited – as the share price had on average doubled since the pandemic. What about smaller cap companies?

A quick study on 90 listed technology companies in Bursa Malaysia, it was depressing to find out that more than half – a total of 46 out of 90 of these companies are not making any profits. Sadly, investors are often chasing around flashy turnaround stories, but most of them does not materialize. And as a result, investors often lose their hard-earned money.

In my humble opinion and experience as an investor; we should focus on great companies with great earnings and asset light. That is especially true when you are targeting the high growth technology sector. So, how do we identify these companies? For this, I had created a list of technology companies with the highest market capitalization, which I believe their share price do speak volume when we are talking on a big cap level.

A NOD FROM DELOITTE – ANOTHER INCOMING HIGH GROWTH COUNTER!

Has the dust settled for local technology sector? I believe so. For the past 2 months, tech-investors had suffered badly from the retracement of the whole technology sector. Some had rebounded and broken new highs, but most have not recovered to their previous high yet.

For tech-lovers, we all have one question in mind. Can we invest into technology stocks now? Well, it depends, really. Chart wise however, is showing a consolidation pattern now.

PMSB then charged a portion of the costs of RM8.8 million and profit of RM2.6 million that year.

Moreover, Ferrier Hodgson also found that the letter of awards to MH Maju Holdings Sdn Bhd dated Sept 14, 2016, Dec 1, 2016, and April 4, 2017, could not have been issued by PMSB as the project title and MH Maju were not in existence at that time.

MH Maju, which is involved in machinery rental and leasing, was only incorporated on Aug 29, 2017.

In addition, Ferrier Hodgson also found that 93% of payments amounting to RM22.6 million were made to MH Maju (67.3%) and project contractor Rapi Mulia Sdn Bhd (26%). However, the audit firm estimated that PMSB only stood to make RM22.04 million in profits from the project.

“Considering that Ageson Group has sufficient knowledge and experience in property development and construction industry, is the amount for consultation really necessary?” the group asked.

According to Ageson, other than the 11 invoices issued by MH Maju and the progress work certification issued by PMSB, Ferrier Hodgson has not sighted any other documentary evidence that could substantiate the basis of the invoices issued by MH Maju, as well as the value of work done by MH Maju that was certified by PMSB.

“Numerous cheques were issued to MH Maju and cleared for payment by the bank on the same day, and there were a few occasions cheque receipts iwth identical amounts to the cheques issued to MH Maju, deposited into PMSB’s bank account immedately after PMSB’s cheques to MH Maju were cleared for payment,” added Ageson.

The group said the latest findings had “cemented” its suit against Chu Jong, former executive director Foo Chu Pak, and five others for breach of statutory duty and conspiracy to injure the company.

The other defendants in the suit are MH Maju, Rapi Mulia, Fab Builders Sdn Bhd, Fatimah Kamaluddin, and Zairul Hasnan Md Ariffin.

Fatimah and Zariul are former directors of Rapi Mulia.

The suit centres around a construction contract awarded to PMSB in 2016 for a 44-storey apartment block, together with a 8-storey car park podium and amenities in Sentul, Kuala Lumpur.

The contract, which was awarded by Qaiser Harta PMC, has a value of RM330.3 million.

According to Ageson’s statement of claim, Ferrier Hodgson had found that PMSB had made bogus or dubius payments to certain consultants and third parties that amounted to RM24.175 million.

“These payments were disguised in an elaborate scheme to siphon money out of Prinsiptek to the detriment and loss of Ageson,” the group said, alleging that the main perpetrators in the illegal scheme are Chu Jong and Chu Pak with the complicity of the others acting in concert with both of them.

Ageson also alleges that Chu Jong and Chu Pak had breached their duties as directors and their fiduciary duties owed to the company that resulted in the eventual demand by Maybank on the company's corporate guarantee.

It further claimed that the duo acted with the intention of causing wrongful loss to the company, and has breached their statutory duties under section 317A of the Capital Markets and Services Act 2007.

Ageson is seeking an order of restitution damages against Chu Jong and Chu Pak for RM23.77 million, along with damages in equity, damages for conspiracy including aggravated and or exemplary damages.

For the other defendants, it is seeking an order of restitution damages of RM3.492 million against MH Maju, another RM12.678 million from Fab Builders and RM6.282 million from Rapi Mulia, along with damages in equity, damages for conspiracy including aggravated and exemplary damages, and costs of the action.

KUALA LUMPUR (April 7): A forensic audit by Ferrier Hodgson MH Sdn Bhd revealed that the RM23.7 million construction cost incurred by former Ageson Bhd unit Prinsiptek (M) Sdn Bhd (PMSB) for a construction project in Sentul here did not commensurate with the progress billing issued by the project’s quantity surveyor.

In a statement, Ageson said the survey had certified that only RM2.8 million worth of preliminary work and RM8.6 million of piling works had been done as at Nov 22, 2017.

“It is now clear that [Ageson’s ex-managing director Datuk Foo Chu Jong] has failed to exercise his duty as a managing director, by paying RM23.7 million in exchange for works done with RM11.5 million. On April 2, 2021, we have invited independent personnel to visit the construction site, and photos taken proved that there is no development since June 2018,” said the group.

Ferrier Hodgson also found that PMSB had only issued one progress billing for RM11.5 million to Qaiser Harta PMC -- which awarded the construction contract to the company on Nov 17, 2017 -- in the financial year ended June 30, 2018.

Ex-Ageson unit incurred RM24m cost for RM11.5m worth of works done for KL construction project, forensic audit reveals

4. Trend is always your friend

Upon talking to several dealers and remisiers friend of mine, I had confirmed fund managers are in talk with construction and property companies now. Based on my knowledge, AGES should be approached by several fund managers to purchase their shares before the issuance of ICULS.

Most of the time, investment requires detailed analysis of a company. However if we ride on the right trend, this could shorten our investment horizon and we could re-deploy our capital quicker from the profits. Why not leverage on the current construction and property trend, on this undervalued single digit PER counter?



To summarize, I think AGES is the company that truly “has something brewing”. The current price of RM 0.135 is extremely safe to buy in. If you would like to ride on the trend, do not miss this once in a cycle opportunity!

3. Issuance of ICULS

Most investors think that ICULS is bad for the company. Yes, ICULS would potentially dilute the earnings per share of the company. However, if the company were able to utilize the funds to enhance the profitability of the company, do you think it was a mere dilution or added bonus to the company?

Fortunately, another investor had shared good info about ICULS here. You can view the article over here.

https://klse.i3investor.com/blogs/truthfinder2021/2021-03-19-story-h1542870956-WHY_IS_THIS_NEW_ISSUANCE_OF_ICULS_GOOD_FOR_THE_COMPANY.jsp

2. Solid fundamentals

Property developers, main contractors and sub-contractors are all subjected to progressive billing to account for revenue and net profit. One might think that all these companies’ activities are halted during the Movement Control Order (MCO), this might be true for most of the players in the sector – but not for AGES.

In financial year ended 30th June 2020, the company had reported a net profit of RM 10.3 & RM 17.3 Million for 3rd and 4th quarter respectively – which is really impressvie!

What’s more – AGES did not “just” profit. They are maintaining a high profit margin of 20% - 25% on average. This had greatly proven the management’s competency and high efficiency of the company’s business!

1. Ultimate winner of the awarded contract

Ultimately, AGES will be the one winning from the mixed development project issued to ANNUM and BASB. This is because we are seeing a strong recovery in the property sector now interms of real sales – which would translate onto AGES’s profit and loss statement directly.

Moreover, with steel and cement price on a uptrend due to sluggish supply and additional demand from China, the costs of construction would be high and it would impact the construction company. Hence, property developer cum construction player would be a much better choice of investment under this circumstance.

From the graph shown above, we could clearly see a temporary consolidation in share price for ANNUM. CYMAO had recently, together with a Memorandum of Understanding with Billion Apex Sdn Bhd had awarded these 2 parties for a contract worth of RM 120 Million. Majority of investors or “goreng kaki(s)” would focus on ANNUM at this juncture. But me, as a long-term investor would choose to focus on Ageson Berhad (AGES) instead. Why?

CHANGE OF NAME AND CHANGE OF NEW OWNER, SOMETHING’S BREWING?

As at 19th February 2021, Cymao Holdings Berhad had officially changed its name to Annum Berhad (5082). Prior to the name change, we had seen Dato’ Sri Chin Kok Foong and Dato’ Sri Liew Kok Leong had invested into the company heavily. What exactly is brewing behind this company?

https://klse.i3investor.com/blogs/HIDDENGEMLIST/2021-03-30-story-h1543048521-MY_TOP_HIDDEN_STOCK_PICK_FOR_THE_CONSTRUCTION_SECTOR_RALLY.jsp

Sadly, no change of share price had been done after the result announcement by the company. I believe this is due to lack of publicity for AGES as majority of the investors do not understand the true value of this company. That being said, we still see strong support at 12.0 cents – 13.0 cents with decent traded volume.

AGES had also announced to issue new ICULS to finance the new joint venture development with MBI Kedah for a project of over a billion in GDV. The project is poised to continuously support the financials of AGES for the next 15 years to come. In other words, AGES will continue to grow for the next 15 years!

The current phase of stock price movement is commonly known as “collection phase”. Where lower volume and traded activities as well as a consolidation in price between 12.0 cents – 14.0 cents had shown someone buying aggressively. If you could, collecting below 13.0 cents would be a definite win and free profit from ICULS!

If you studied the movement pattern of our construction sector, you’d notice a consolidation pattern towards uptrend breakout. This is truly interesting case study for investors.

However, there was one stock stood above all in terms of earnings and valuations. This company would be AGESON BERHAD (KLSE:AGES). The latest financial results of AGES had shown that the company achieved MYR 44.7 Million in revenue and MYR 12.4 Million in PAT respectively. This translates to a net profit margin of 27.71% - which is way above average of the industrial norm of 5% - 6% net profit margin!

Moreover, AGES had achieved this result amidst the second wave of MCO implemented by the government, where majority of the construction activities are halted – which in turn damaged the profitability of construction companies.

MY TOP “HIDDEN” STOCK PICK FOR THE CONSTRUCTION SECTOR RALLY

Alongside with global recovery stemming from reduced number of confirmed cases of COVID-19, majority of Malaysia Equities – in particularly the property and construction sector. This is supported by the fundamental factors where MCO would no longer hinder the progressive construction activities.

And in simpler terms, without MCO, the earnings of construction and property companies would go up.

https://klse.i3investor.com/blogs/truthfinder2021/2021-03-18-story-h1542865154.jsp

我百分之百相信AGESON将会取得胜诉，并且被告们即将接受他们应得的惩罚。 以AGESON具有的强大财务状况与在建筑业的潜能，该公司在未来将会有更多的企业并购或合并。


如今妨碍AGESON的传言已经被澄清，AGESON会突破指標，直衝雲霄嗎？

AGESON并没有违反上述贷款中的任何条款， 但是这群害虫们以某种方式诱使RHB银行发行传讯令状。 幸运的是，新管理层拥有强大的财务状况与高价地段作抵押以澄清所有传言。


除了RHB银行的事件，AGESON也面对不法人士的控告。 他们称AGESON与Maybank的一笔贷款中有舞弊。 经过了调查， 第一，第二被告与第三至第七被告为了自身的利益，，从公司中抽出了2400万令吉。

在新的管理层接管公司后，公司的盈利很明显的在恢复与稳定成长。 然而，前管理层（第一和第二被告）留下了肮脏的把戏和垃圾。


当他们于管理不当而失去了公司的控制权后，他们不顾一切的到处散布谎言与谣言以诽谤AGESON。这包括一起由Rhb的传讯令状，要求公AGESON偿还3300万令吉的贷款。

追随了 AGESON 这家公司多达半年多之后，公司的前管理层，简称“害虫”的命运终于在3月17号的公司公告公布了！

The best place for entertainment.

Wow wow wow. Popcorn time .

happy trading

I thought is a common sense of thing.
registrar address is type of service to help to collect mailing and others.
Not only one company is doing this. Most company is doing that what .

What relate to scam or shit. Lol....

Nothing special.... Anyhow this is common in cooperate industry

Negative doesn't make money, True.... hahahaha.....

I don't get it why Roger have to struggle with it, See people taking profit you jealous or what?

Don't random give sell call if you don't have any basic knowledge. Only come here blow when the share retrace again. If everyone in market is like your attitude, then everyone is stockguru.

Like hoot9eonly said say is right. Do everyone profit, or take profit. As long it shown positive. I am also holding UWC, is totally two different industry. According the QR, the rubbish you mentioned is profitable and making more money. Sorry to said that. Pro ok, don't act pro

I think you guys who is still blurring what is happening,on current, Arbb had turn to more solid fundamental and second stage, Nobody chase here. At most of the people here buy before this, Those who are having early stage comment. Drop back or not, it also shown the counter profit. That's all.

For the above., bahai

1. This counter making money all the way but I didnt notice any dividends or bonus issues after 2008.
It is also not smart move to turn ages to a dividend stock in current pricing.

2.I left the company in 2010.
11years ago ?

if there were illegal, then if wont stated at news. Else purposely kena themself and push them self in fire ?

3.no point to invest in a profits making company , hold and get nothing at all.

From the past if you were monitor closely, it is having more and more on going project working behind ages. Which is leading ages to another stage.

https://www.thestar.com.my/business/business-news/2021/01/21/ageson-appoints-basb-as-main-contractor-in-mixed-development-project

Anyhow what does it stated hold and turn to gold is a reason behind. Fundamental solid company, performance proven and most important, UNDER VALUE.

Undervalue stock and hidden gem that not yet been discover.

Waiting for Construction trend coming back , KPROP looks good today, not far away the percentage of Ages.

Time matters to turn ages to a gold !

Everyone heng heng ah !!!

The prophet no appear today? Maybe holiday ?