If not for this once off? cost of sales, probably already a green quarter. Anyway good news is the supply of food ingredient to China is real, and this could contribute significantly moving forward. Let's hope that the supply chain/finance cost can be reduced in the Hainan subsidiary which further improve the profit. Also not forgetting the Ritamix and vaccine sales may be reflected in following quarters too..

I think cost of sales increased significantly this quarter is because of bad debts written off, impairment losses on trade receivables, inventories write off and provision for slow moving inventories. These significantly impacts the quarter result resulting in a new historically high loss haha.. unless RI price is fixed, better don't catch this falling knife...

Has worked in Persoft tower back in 2018. The condition of the public facilities is very bad there eg. toilet is not properly maintained, ladies would be afraid to go in there haha! Even the single mamak restaurant in the whole building looks like your prison canteen.

Location wise? If not driving, have to walk to nearby bus sign then take the bus to train station. Very few restaurants nearby, got a club next door, another skyscrapper building in construction nearby. Good thing is surrounding area is a quiet neighborhood.

No reply today.. anyway came across AT forum where someone shared a story of another shareholder who lost big believing in its glove factory story. Also mentioned that AT is one of the counter in a list being manipulated by a group of syndicates.

The shocking thing is that AGES is also in this list! Not sure why AGES comes up in all this, probably something to do with relationships between the directors? There was an article last year about penny stock manipulation and the hidden hands behind it and how they link all the counters via the directors etc. Will check if got time later...

@goodiewilly, joke taken! Anyway have sent a message to MBI Kedah, will update if there is any reply.

@goodiewilly, please refrain from calling me sifu la, I am just another retailer like you and others.

Anyway, don't get your hope up as this kind of information would likely need to go through official channel ie. news reporter/official investor forum etc. And the phone number looks like a general line, hence a simple call to ask such detail may not even be entertained. Nevertheless, if phone call does not work, no hurt to write an email too..

MINISTRY OF ENERGY AND NATURAL RESOURCES
Wisma Sumber Asli, No.25 Persiaran Perdana,
Presint 4, 62574 Putrajaya, Malaysia
Phone : +603 8000 8000

I hope this would spur other genuine investors to start being inquisitive and take action as well ie. find and share more information, dig more into PRINSIPTEK background etc etc. Good luck all

Unfortunately the fact is RI just announced shortly after the previous RI (one year between two RI is quite short). The best I want to do as a shareholder is to verify the sand deal, if it's true then worth to hold longer. Else, it's at least still a good thing thing to warn outsiders from getting involved here. Then plan exit...

Remember Ifcamsc? If I recalled correctly, the promoters went down to Singapore to promote the stock, and coupled with GST implementation that time, it skyrocketed and became one of the legend. I'm just trying to point out that certain real actions can be a key point and lead to butterfly effect, you'll never know. Rather than just sit in front of PC/handphone and monitor... sorry but I don't mean to be offensive..

Since we now know a way to verify the sand deal via official channel, why not do the practical? Let's not live in dreamland where everything is being spoon fed through so called news/announcements/articles.

Sien la let me call up KeTSA to inquire about AGES sand deal since I'm a holder here. Will post any update if they layan me, stay tune.

chesslim 记住，当别人恐惧时你要贪婪

Buy Topglov, everyone is so fearful there haha. Let me check with KeTSA and let everyone be fearful here, then you buy more ok?

Ok, time for grass grow movie. If got money drop from tree, can buy more when price dips further closer to ICULS exdate.

Anyone call up KeTSA to inquire about Vivocom's sand deal? This could be a real game changer in my opinion, too bad nobody bother about this critical and yet key point?

Yes it might work, but need to wait till RI completes around Sept 2021! That's quite a long period..

Only hope for me is as per the ICULS article to subscribe at 0.01, then sell if it goes up. If profit of ICULS can cover common share losses, sell common shares also and move on.

Won't fly la because RI just announced. Even the latest ICULS article about how it can give you 100% return also didn't help much. Tight range play for now, not easy for technical traders. Retailers also more aware of the suspicious sands contract JV. Anything else? Investor suddenly comes in due to QR? Another contract win?

I'm holding AGES too, but why shouldn't it be another trap people stock? Your explanation tak boleh boss, someone can explain better? The news below already shake my confidence in this counter, more facts please? Besides the latest ICULS article, don't see anything positive or convincing here..

https://www.klsescreener.com/v2/news/view/676153/ageson-falls-8-6-on-n...

Ini marketing tak laku.. kena pump volume baru boleh naik macam vivocom.. operator main tight range pulak.. mau trap orang pun pandai sikit hehe...

alphajack Just sold all my Itronic just now (this one operated by my friend) hehee. Now focus here back sin...good o..after vivo got other stocks..Limpeh share later. Now focus here first ya...rmb always see price movement and see to believe. Don't care about noises and jealous people, numbers never lie, that is why a lot "sifu wannabes" still got no supercars. Dont focus on hate, focus on make money tq

Aiseh, you beat me liao. I only know friend who have friends as investment banker :(

Call up KetSA, why headache? Then make your own judgement lo, simple only ma!
https://www.ketsa.gov.my/en-my/Pages/default.aspx

“Based on existing procedures which are enforced currently, any sand-mining operators or mineral traders who want to export sand to foreign countries must firstly apply to the Energy and Natural Resources Ministry or KeTSA to get an AP.

“KeTSA issues APs to export sand to foreign countries based on several criteria such as national interest, taking into account the aspects of local consumption needs, and the sovereignty of the nation or importance of trade, on the condition that operators had obtained the approval from KeTSA beforehand”.

Being a long term holder in most counters, simple logic for me only-
RI: Price will go down, and you want to ask for more money by promoting some discount? Wanna hold long also kena conned.
PP: Price will go down, but nothing to do with me because no ask for additional money. Better still because got investor interested to goreng the counter. As usual just hold.

@Riaz1954 I prefer rights issue even though it is more time consuming.it is fairer.

Can you explain why it is fairer when historically in most counters RI actually locks down the price in a certain range for an even longer period than PP?

Also it asks for your reinvestment into the company (albeit at some discount), when I could have invested the additional money into other counter. Please do not tell me that investing in another counter will guarantee a win, but purely talking talking about opportunity costs here. RI will also bring the share down closer to the issue price in most cases and also due to share dilution.

Agree with your other comments but not about RI being fairer than PP!

That's fine first timer poster Philip900, regardless of yours or anyone's post, my comments will reach out to at least a single reader or more. Cheers!

Tobby, support you also! Waiting for QR and hopefully got good dividend!

If I'm really interested to buy into this counter with such a big proclamation, will try to do the following first:

1. Check the Mines Villa Sungai Besi sales statistics. Call up their sales office and ask for more information, visit the site for actual population etc etc. Reason being this is the more recent development where Chia is the major shareholder.

2. Have a coffee in the mamak along the same row of Vivocom's office near Batu Caves there. Then start observing the office building's exterior, cars parked in the front, maybe try to go inside pretending to be door to door sales man to gauge the interior reception. Just for fun..

3. Spend more time online trying to find status updates on the Coneff court case.

4. Find more information online pertaining to Regal's group historical background.

5. Find more information online pertaining to the Kuching Development project as it's the largest single project in their prospectus.

Can think of few more points but lazy to dig further. If author can provide the clarification to above, all the better to help VinVest achieve its ambition!

Big talk for a medium sized company at best. Sounds familiar to many penny stock's talk big but no show.

Own personal conspiracy-esque bias: could be another beginning of a cycle to lure bilis into buying shares as it moves up. Once quota are filled, then announce Rights Issue.

Non judgmental bias: potential watch list for Rights Issue play. If no RI, then potential for sharp rise, sharp down then catch for rebound play!

Simple non judgmental experiment: tried searching the keyword "Uyghur genocide" in 4 different search engines google/duckduckgo/bing/yahoo and find a pattern there. I stopped after 15 minutes of cross referencing and came out with own conclusions. Have a nice day!

If sharks want to goreng, Dynaciate is one of the worst but also the cheapest steel stock. This upside down logic is suitable for KLSE possibly upcoming steel theme play... not forgetting that Frontken's two largest individual shareholders also bought into this counter... interesting but does not mean anything...

Proposed Subscription of Shares in MGudang Sdn Bhd
https://malaysiastock.biz/Company-Announcement.aspx?id=1297307

Noticed the unusual volume past few days but price dropped heavily on the 23rd. Accompanying this price movement is the management movement as well. Then today announced interest to subscribe in MMAG subsidiary (MGudang) shares for its logistics business recurring income.

All is speculation and shark's play, but nevertheless could be an interesting counter to watch and monitor.

BLee @sting79, the address update around the same time bcos having same registrar.
Below is Ageson office address I obtain from Google search.
Ageson Office Address:
83 & 85 Jalan SS15/4C Subang Jaya, 47500 Malaysia
Tel: 03-56292600

Thanks BLee for responding.
Let's all be hopeful for shark to fry this counter like ARBB recent result! Else just hold only haha...

@BLee, this address is suspiciously the same for MTRONIC as well. You can search around, there are a few others having the same address update around the same time..

Also, the $2.13 billion JV in East Msia has no updates at all since its first announcement in Jan 2019. Then the past 2 years they further announced few more JV after name changed to AGES. If you like to dabble in penny stocks, you may notice that these kind of announcements one after another is a common practice.

Not hinting at anything, but just pointing out some doubts and potential red flags from own perspective. If upcoming QR is good and fly like ARBB then everyone happy, else doubts will always remain even for those who invested.

jesiswong: Being a long term holder here before, I also wonder what happened to the Terengganu owners who received the shares when Etitech decided to venture into property and changed name to Trive. Either they are fake proxy names or they are also bleeding heavily with losses:
SITI MUNAJAT BINTI MD GHAZALI 81,499,933
KAMARUDIN BIN MERANUN 80,000,333

Hope your amount invested here is additional funds and not that much.

Glove sentiment is no longer there, if they want to push with a story, need something else like recovery theme. However if market continues to fall due to global correction, it is a good time for penny stock play especially PWORTH with its near rock bottom price.

Export of timber, timber products to hit RM23 bil in 2021 — MPIC
https://www.theedgemarkets.com/article/export-timber-timber-products-hit-rm23-bil-2021-%E2%80%94-mpic

If you've been a long time avid gamer, notable games like Metal Gear Solid 2 and Watch Dogs series already hinted at current scenario (mainstream media controlling the masses opinion like puppet and big tech having too much power).

Not a surprise at least not to me haha!

Mr KYY, please use your years of experience and high intelligence to start researching and promoting good potential digital-based related counters for the MyDigital theme rally. Just advise Supermx holders to hold will do, no need spam articles to lure newbies into Supermx anymore ok!

Surprised that with years of market experience, high level connections and amount of wealth didn't already give you the linkage between stock market and politics! Ahriman would not be proud of you lah!

Don't be a straw man! You don't get my meaning haha!

KYY doesn't feel like it has a human soul at all. Felt like one of the 'soulless' puppet prop being put here to cause suffering to some innocent believers of its articles. Fortunately most of the time it is being humiliated by many due to its 'obvious' predictable and mechanical way of being a human!

@ BLee, nevermind it's ok I'm talking purely from a retailer mindset where capital injection meaning pay cash to company for share subscription/conversion. But thanks for sharing your thoughts!

@Blee, isn't the conversion using ICPS shares no capital injection involved? The capital injection happened during ICPS subscription, not during the ICPS conversion if using this method.

ICPS subscription - capital injection no doubt
ICPS conversion method 1 using ICPS shares - no capital injection, just surrender your ICPS and convert to mother using 13 ICPS share to 1 mother share
ICPS conversion method 2 using cash - combination of minimum 1 ICPS and hard cash

But the good thing here is that those ICPS holders did fork out $0.13 per share to subscribe/convert. At least I believe the price will stay in the range of ~0.13 ish...

BLee For info, as of 2nd Jan. 2021, min. 580,211,216 ICPS converted to mother share bringing in RM75,427,458 new capital to the company. If it is a 'scam', who will invest this RM75.4 million? Happy Trading

Had same thought too, but after reading further, it turns out that the conversion to mother can be done using the ICPS shares too without shelling out a single $. If you look at the list of conversion, there is one transaction with the price of $18,200. I think that is the only conversion using real cash, all the others are converted to mother using the ICPS shares. Means only $18,200 invested into the company via the ICPS conversion so far... correct me if I'm wrong ya

Based on this knowledge, another speculation is that the market makers will control the price around company's corporate exercise activity for eg. BIOHLDG rights issue indicative price of 0.23. That has been almost the case for most RI counters hence it should be no different for BIOHLDG.

Expect price to hover around 0.2x for some time until the RI exercise completes... also any price spike especially coming quarter result can only be temporary I think, the market maker cannot set the price range too far from the RI price and let too many to escape...

PaulLim: the price is dictated by market maker (please please google the term and spend some time reading from multiple sites). They are another party in the exchange that:

1. provides liquidity in the market, for example one stock with daily low volume but yet the buy/sell queue is always there because their job is to provide both a buy and sell bid at all times. Without them, you can hardly find any buyer or seller in a very slow moving counter. Without them, it also causes delay in your buy and sell transaction which will caused the market to be much less liquid

2. can take BIOHLDG for example - without them tomorrow, you may find all sorts of gap up or gap down opening price. With them around, they can dictate the opening buy and sell bids. Hence the irregular price you observed on 22 Jan. They can manipulate the price a few bids up or down based on corporate news etc

3. another example is during the covid-19 crash last year. They have to fulfill their obligation to provide liquidity even when the whole KLSE is in fear, hence you still see huge buy/sell queue as though there are a lot buyers and sellers when in fact many are avoiding the market

Many more examples can be found on the net. At least that's how I understand why the buy/sell queue can come and go 'magically'.

When this counter drops to historically low again one day, no problem to recommend this stock!

lancefire: I cannot deny the praise is for my lower ego if you think I'm smart but real aim is to deter public from this sly fox. Also a gentle reminder of the Golden Key subscription price.

No stock is rubbish as long as you earn in the end! Don't check my history and assume I bought those haha!

Xox is a very very good example to buy with your gambling and additional funds right now! But need to be prepared to average down coz it's very risky!

Oh yeah, I'm talking about penny stocks when pobability is very important! Else can kill one!

Not really hater, but a survivor who beaten the sly fox at his own game! Rather call myself a counter-balancer - meaning not to buy high, but to buy when the pobability is right!

Xox can also make u earn kuat kuat when the pobability is right! Last time a friend got insider news but no fund to buy. If bought, can easily earn 3x or more! Timing is everything!