Thank you @MadCow75 for the insight. Quite unfair to say that KANGER could not benefit from the latest vaccine run. They established well connection with Sabah / Sarawak government, very smart move from the management.

@BLee

I'm more than happy to share the facts, especially the counter was tainted by the ex-management as @scrown mentioned above.

@andytfyap and @goldenluck16

Your statements are unfair and biased base on very surfaced studies. With regards to:

1. has total issued shares exceeding 1 BILLION shares; some has MULTI-BILLIONS shares and can’t have a decent EPS

^ EPS comes from net profit attributed to shareholders. The higher the profit, the higher the EPS. EPS is a measurement of per share basis depending on number of outstanding shares of a company. If you say low EPS = bad company, then all companies have to do is to reduce number of outstanding shares to pump EPS loh???

2. good only in massive fund raising by issuing shares and selling to market via ESOS, Private Placement (PP) and Rights Issue resulting in dilution of minority shareholding

^ Interesting, why companies go for listing? It is for the sake of fund raising. If a company dont need fund raising vehicle, why bother listing? Diam-diam untung sendiri la

3. specialized in creating MOUs that turns out to nothing in the end

^ Not relevant to AGES, sand business gaining traction and contracts translated into actual revenue and profit.

4. specialized in churning out articles, reports and announcements of business ventures, JV, etc

^ Not relevant to AGES, sand business gaining traction and contracts translated into actual revenue and profit.

5. incur losses quarter after quarter, year after year, sustained by cash from fund raising

^ Not relevant to AGES, sand business gaining traction and contracts translated into actual revenue and profit.

6. speculate and trading in other loss making penny stocks at high price

^ AGES share price has been steady so far. If you were talking about loss making penny stocks, AGES is out of the list.

7. has undergone share consolidation and rights issue with free warrants to raise more fund from minority shareholders

^ AGES never undergo share conso or free warrants.



So.. I guess wrong place to put your statements I guess? But I appreciate the effort to warn investors about other con-pany, at least they know AGES is genuine now!

In case you are so lazy, refer to Note 24 or page 13 of the quarterly report

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=208114&name=EA_FR_ATTACHMENTS

@leekow333 This is merely a follow up investigation on dilution of a subsidiary.

Pursuant to the dilution of shareholdings, Prinsiptek (M) Sdn Bhd become a non-subsidiary of the
Company. The material litigation in relation to Prinsiptek (M) Sdn Bhd is not compulsory to be disclosed and the Company is of the view that it will not have any significant impact to the financial position of the Group.

Other than the above, there were no material litigations from the end of the current interim financial
period to the date of this report that have not been reflected in this report.

And yes, the dato seri already announced in FY 2019 Q4, hello pls wake up

Technology sector is so hot, ARBB so underlooked lol

@icst1975 another reply to you "comment"

Reference to swimwithsharkss comment above.
1) Please see my earlier comment..... "Even if you are not trained in accounting, IF YOU CARE TO READ MORE CAREFULLY the FINANCIAL REPORTS of AGES it is not that difficult to spot some RED flags.... "

^ Just for your information, dont belittle others. I'm auditor. So I know what I'm talking about.

2) Spotting any "incorrect" financial reporting is the serious job of a qualified Company appointed External Auditor. As far as I know, AGES June 2020 FY reported had not been audited and finalised. We are now July 2021.

^ The following Management Discussion and Analysis (“MD&A”) of Ageson Berhad (“Ageson”,“AGB”, the “Company”, “we”, “us” or“our”) and its subsidiaries (“Group”) for the financial year ended 30 June 2020 should be read in conjunction with the Audited Financial Statements for the year ended 30 June 2020 and related notes thereto. The discussion of results, causes and trends should not be construed to imply any conclusions that such results, causes or trends will necessarily continue in the future.

This is an excerpt taken from literally, page 5 of FYE 2020 report in case you didnt read.

2.1 there was an earlier but unconfirmed market talk that AGES had appointed an external auditor in April 2020 but that auditor had choose to resign in August 2020, two weeks prior to AGES releasing its Q4 2020 (30 June 2020 ) financial results.

^ Auditor come and go, especially during bad market condition, they are very harsh to construction companies, i seriously dont see what is the problem.

2.2 AGES confirmed external auditor Messrs. Jamal, Amin & Partners ( could be its second external auditor appointed after August 2020 ?) had resigned in March 2021. This was announced to Bursa Malaysia on 24 March 2021. Reason for its resignation was due to Jamal, Amin & Partners had been sanctioned by SC/ Bursa Malaysia's Audit Oversight Board on 17 March 2021 which prohibited the Firm from auditing any public interest entity or schedule fund for twelve months pursuant to Section 31Z(2) of the Securities Commission Malaysia Act 1993.

Although we would not know the precise reasons, in simple layman terms, it probably implied that this external auditor employed by AGES might have been found by SC's Audit Oversight Board to have breach proper auditing procedures in some other company and therefore have been barred from carrying auditing in public listed Companies for a year.
Let us pose this question. If I own a Company and I could have fishy or messy account, would I look for a reputable auditor like KPMG in Serba Dinamk's case or would I find one who can fulfil your fit-for-your-purpose requirement? I think you are smart enough to join the dots in between and I cannot say more.

^ HAHAHAHA do you even know there is this thing called AOB in SC? Every year, they sanction unsatisfied performance of auditors. So if a listed company appointed one of these auditors, they are in fault?

https://www.sc.com.my/aob/aobs-sanctions <-- for your "negligence" comment.

3) AGES appointed a new CEO, MR KEE YONG CHIN in April 2020. He resigned on 31 Dec 2020. Let me pose this question. The Company I decided to join and headed as CEO for the last 8 months had been able to turn around and performed exceptionally well qurter after quarter, I must be very proud to be part of it. Would I want to resign and get out of the way if there were not “things” I could not live with? As far as I know, AGES had not engage another CEO.
Let us just pose this question. Most investors would agree that the CEO is an extremely important position in a listed Company who can critically influence the performance of a Company. To-date, I am not aware that AGES had appointed a replacement CEO. How did the Company function ?

^ If you follow the company, the key management is the major shareholder, who was framed by the ex-management. Read about why AGES is being intoxicated here : https://www.theedgemarkets.com/article/ageson-sues-former-md-director-and-others-over-alleged-scheme-defraud-company



DISCLAIMER: Discussion then discussion la, disclaimer apa ni?

@KINGCOBRA There are examples of company share price dropped post new development due to lack of understanding on it.. Just wait for turnaround profit then will shut the seller mouths up laaaaa

Got some news on the company.. just wait for it

@icst1975 Appreciate your sentiment to protect retailer, my big question in mind is how do you know it is creative account? What are your evidences?

Yes, pray for politics then ARBB will come back soon..

0.60 cents obviously a bit over lol

Adding some more at 25 cents..

Keep calm, and hit 50 cents soon!

- influenza19

and based on the company performance even during MCO.. their earnings were able to maintain at current level of 6- 8 million per quarter. will it able to grow? if the downside were limited, I think the other way to go .. is up

- influenza19

very useful analysis, now that the whole technology booming, ARBB has an obvious lack of coverage whether from institution investor side or from retailer side. It seems to me that this company had seen strong accumulation from one party, probably tomorrow we can see a challenge on the 30 cents level!

- kelvin17

how do you know the boss like to maintain low share price? it was partly affected by the ICPS & market undervalued this counter, I don't think you have the chance to collect AGES at prices this low when it spikes up :)

You can invest as you like, but beware of this company, already left some bad taste to me

Yes, spread the news

all traders beware, no official announcement from management, something fishy here

https://www.malaysiakini.com/news/551991

Bukit Bintang City Centre (BBCC) sales gallery and development site

The management of BBCC said their sales gallery and the development site will be temporarily closed, after a report from their contractors that some of its workers had tested positive for Covid-19.

All staff in both places will undergo testing for the virus and sanitisation work has been carried out at the sales gallery and the development site.

RIP for the future projects

Feel like the management is not taking any responsiblity, still no action or news yet

No need to fly with covid hanging around, condolence to KERJAYA

Gg, confirm kena positive covid, see u guys on the news soon