Posted by sting79 > 2021-02-24 23:04 | Report Abuse

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...

Posted by onionchong > 2021-02-24 23:10 | Report Abuse

@GuanYinMa Read carefully their QR report. The "Other operating income" section of 7.8mil is made up of disposal of subsidiary

Posted by fl888 > 2021-02-25 06:40 | Report Abuse

Most undervalued. Stock in view of consistent art results....144.03% yoy,,

Posted by Edric Soh > 2021-02-25 09:12 | Report Abuse

No movement at all

Posted by GuanYinMa > 2021-02-25 09:14 | Report Abuse

They finally went from accumulated loss to retained profits

Posted by fl888 > 2021-02-25 09:21 | Report Abuse

so good profit.....need Viagra to push up....hahaha>>.

Posted by invisibleghost > 2021-02-25 09:22 | Report Abuse

Maybe it’s still not the time for shark to goreng yet have to wait for next quarter already

Posted by persie > 2021-02-25 10:30 | Report Abuse

Hahaha.. really con stock but still ok.. if you buy 14.5, not a high condo..

Posted by JuliusCeasar > 2021-02-25 11:03 | Report Abuse

I m waiting 0.13 cents again... Hehehe

Posted by ayra15 > 2021-02-25 12:44 | Report Abuse

+ve QR is expected. need to announce -ve QR then only price will touch the sky lah..

Posted by Manin40 > 2021-02-25 12:45 | Report Abuse

all counters now sell on news

Posted by Newuser777 > 2021-02-25 12:54 | Report Abuse

im so confused? is this an undervalued stock or goreng stock?

Posted by LohNewbie > 2021-02-25 13:31 | Report Abuse

Undervalue stock obviously. Low PE probably mean the market has not responded well with this stock or not very confident with this company's future prospect, and not many people notice this stock yet, lack of public writings, lack of coverage by Analysts due to the size of this company market cap which is relatively small. Give them a bit of time, half a year to one year and let them perform more in another two or three quarters, delivering obvious growing results, then the price eventually will reflect

Posted by LohNewbie > 2021-02-25 13:37 | Report Abuse

https://www.klsescreener.com/v2/news/view/782355

Posted by buzzoff > 2021-02-25 14:31 | Report Abuse

In-depth Analysis on AGESON BERHAD’s Latest Quarterly Report

The company registered a revenue of RM 44.68 Million & RM 12.38 Million in net profit respectively. This results to a abnormal net profit margin of 27.71%, which of course outperforms all its peers!

However, some investors had noted that this quarter’s profit consists of some abnormal item, which was categorized under the “Other Operating Income” who contributed RM 7.83 Million to the company’s net profit. So, what is this “Other Operating Income”?

In short, it was some income outside of the company’s ordinary course of business. For example, AGES was specialized in construction using Industrialised Building System (“IBS”) and had great exposure in the property development sector. The company had recently passed its EGM on inclusion of sand trading business into their core daily business dealings. But this other income was something beyond the scope of any of these mentioned items.

Posted by buzzoff > 2021-02-25 14:31 | Report Abuse

Under Note 16 of the financial report, the company did actually mention that there was a increase in profit comparatively to last year was mainly contributed by a one-off disposal of subsidiary of in the current quarter as well as realization of foreign currency reserve, which contributed to RM 4.58 Million & RM 3.4 Million respectively.

Based on my understanding and in-depth study on their corporate structure, it was noted that one legacy subsidiary left by the previous management has been haunting the company’s profit, margins as well as cash flow for a great period of time. But due to several factors, the sale were only able to be finalize in this quarter. Under my rough calculation, for the past 3 financial years this subsidiary has been draining approximately RM 5.00 Million to RM 6.00 Million each year worth of profit from the company. Remove this, and actually we might see a better AGES in the near future!

Posted by buzzoff > 2021-02-25 14:31 | Report Abuse

By normalizing the company’s current quarter profit by removing the one-off foreign reserve income, and divide RM 6.00 Million by 4 (Each quarter contributed approximately RM 1.5 Million) of additional profit from the future, AGES actual profit in this quarter would be around RM 6.05 Million!

The figure of RM 6.05 Million was comparatively better than FY 2021 Q1’s RM 5.07 Million in net profit, which signals a 20% increase of the company’s profit under quarter on quarter basis. Meanwhile, AGES’s close peer – INTA BINA GROUP BERHAD (KLSE:INTA) had only registered RM 1.41 Million in net profit despite having a huge revenue of RM 84.85 Million! I do not want to comment negatively on other companies, but it seems like AGES in the clear winner here

Posted by buzzoff > 2021-02-25 14:32 | Report Abuse

Nevertheless, there would still be investors who “misunderstood” the quarterly report representation and sell on a mistake. I would personally allocate 30% additional funds to buy the dip, anywhere around 12.5 cents to 13.0 cents is a bargain to me!

Remember, AGES’s true value is round 50 cents. Do not get affected by sharks who wanted to buy cheap!

Posted by buzzoff > 2021-02-25 14:32 | Report Abuse

https://klse.i3investor.com/blogs/valuefinder2021/2021-02-25-story-h1541258359-In_depth_Analysis_on_AGESON_BERHAD_s_Latest_Quarterly_Report.jsp

Posted by unclekyyisbest > 2021-02-25 14:46 | Report Abuse

Well, fair to compare inta bina.Still got at least 15cent gap to challenge and space to up

Posted by icst1975 > 2021-02-25 16:03 | Report Abuse

My reading and understanding of the 6 months ending 31.12.2020. Very questionable reporting of profit. More like there are a lot of actual losses suffered, losses of around 40.5 in assets.
Page 2:
(1) Intangible assets (commonly called "Good Will" which is non recoverable and will have to be written off in future years) has increased by an huge 40.5m (from 41m to 81.5m ). That is to say that the Company had suffered 40.5m loss in assets but classified that amount as GOODWILL.
other RED lights include:
(2) Trade receivables increased by 14.7m (from 53.7m to 68.4m)
(3) Other receivables amounted to a 80.9m which remained the same as at 30.06.2020, end of FY2020. Why are such huge amount amount of receivables remained totally unpaid for after another 6 months since 30.06.2020 ? Are they recoverable at all ?

Page 4:
Operating profit before working capital changes amounted to -28.37m.
I think many many if not most business owners regard operating profit as a better reflection of whether the Company is making money or not.

The Company hardly have made any taxable income in the last 6 quarters under the new management took over. To me, this is a clear indication that the profits reported were profits on paper but not real profit that are taxable.

Posted by icst1975 > 2021-02-25 16:15 | Report Abuse

For simplicity, many business owner would say they have suffered operation losses of 28 mln,. This still does not include the huge write down of asset losses of 40.5m into unrecoverable GOODWILL.

Posted by icst1975 > 2021-02-25 16:18 | Report Abuse

Dato L is really good in creative accounting !

Posted by rememberme10 > 2021-02-25 16:23 | Report Abuse

what are u saying? good will is not the same as intangible asset

Posted by rememberme10 > 2021-02-25 16:30 | Report Abuse

I think many many if not most business owners regard operating profit as a better reflection of whether the Company is making money or not.

I dont think u understand what are u talking about, it seems that you are not really knowlegable about running a business

Posted by onionchong > 2021-02-25 16:33 | Report Abuse

As i know the company is still bleeding cash and the profit reported is mainly made up of one-off gain from disposal of subsidiary. On paper it looks good but actually business cash flow is in question. Maybe that's why smart money won't come in.

Posted by rememberme10 > 2021-02-25 16:48 | Report Abuse

considering the construction sector got hit by the pandemic, AGES still generate good income if we did not count the gain from disposal.

Posted by Anonymous12567 > 2021-02-25 17:16 | Report Abuse

Sudah bocuh so this time start coming in at 0.120 onward.... play safer otherwise forget about this counter... Hopefully is not the last for me......hehehe.

Posted by nimblecloud88 > 2021-02-25 17:23 | Report Abuse

Maybe icst1975 is just new in market. Is fine.

Anyhow got question to raise is better than a hater.

Posted by icst1975 > 2021-02-25 18:00 | Report Abuse

Please see my earlier comments on AGES FY 2020 report. Extract below
" A major RED FLAG spotted in FY2020 Report is that the intangible assets (commonly known as "Good Will") had increased by a huge sum of RM32.7mln to RM40.96mln from only RM8.26mln in the previous year. I think the RM32.7m increase in intangible asset should be more correctly classified as actual financial Losses incurred and not parked into a non recoverable "Goodwill" as a Company intangible asset.
On Pages 71 &72 of FY2020 Report, the Company gave a vague 'gross-over ' explanation in Note 7 was made on the transfer of RM32.7m non recoverable assets into Goodwill on Consolidation.
Goodwill on consolidation in FY2020 (ending 30 June 2020)
At beginning of FY2020, it was RM8,260,819 and at end of the FY2020 (30June2020), it was 40,964,222."

In the latest Q2 2021 financial report, for the last 6 months (30 June to 31 Dec 2020), the Non Recoverable Assets had further ballooned up from 41m (as at 30June 2020) to 81.5m(as at 31 Dec 2020

It looks like the Management keep on creating more "paper profit" by classifying losses into non recoverable intangible assets !!

Posted by goodiewilly > 2021-02-26 09:30 | Report Abuse

Icst1975..don't worry too much if you don't buy by millions. This company debt level is not high, just b/f debts only.
Dont compare with London Buscot which were very heavy indebtedness, they wiped off immediately when insolvent.
Partnership with Menteri Behar Kedah department also no play platy.
I invested quite a lot and waited for months..luckily I average down n in out several times. My portfolio remains.
I think 0.26 is not problem, just back to its NTA

Posted by Edric Soh > 2021-02-26 12:15 | Report Abuse

Goodie wait and see

Posted by JuliusCeasar > 2021-02-26 15:04 | Report Abuse

Q back again 0.13 cents.....
Hope strike another one.... Hehehe

Posted by Edric Soh > 2021-02-26 15:49 | Report Abuse

Can get 0.13

Posted by goodiewilly > 2021-02-26 18:35 | Report Abuse

Vivocom secured RM3.8 billions sand contracts with HK.
https://www.theedgemarkets.com/article/vivocom-secures-rm38b-sand-supply-contract?type=malaysia

Posted by goodiewilly > 2021-02-26 18:35 | Report Abuse

Where are those sand Ageson supposed to send?

Posted by Jjkcl > 2021-02-26 18:56 | Report Abuse

Boss use sand to built castles

Posted by goodiewilly > 2021-02-26 20:02 | Report Abuse

Another bad news just announced, right issues of ICULS..shit.
Super good results price never run, yet take moneys from investors..
Fatty Lew

Posted by scrown > 2021-02-26 20:51 | Report Abuse

Prospects of the Group after ICULS proposal.

The Group expects to see some recovery in the property sector in the FYE 30 June 2021,
with stabilising fundamentals and growing demand from homebuyers spurred by the
initiatives of the Government to encourage homeownership. This augurs well with the
position of the Group as a property developer as well as a construction company.

The Proposed Development is not expected to contribute to the Group for the FYE 30 June
2021 as it is expected to commence only in the first quarter of 2022 with new right issue of ICULS proposal. However, it is expected
to contribute positively to the financial performance Group for the next fifteen years from the expected commencement date of the Proposed Development.

During the FYE 30 June 2021, the Group had diversified into the Sand Business. As at the
LPD, Ageson Enterprise had secured letters of intent and award for the Sand Business of
the Group with a total indicative contract value of approximately RM27.87 billion. This would
entail Ageson Enterprise to begin exporting river sand and silica sand to Hong Kong, China
and South Korea upon execution of the definitive agreements with the customers.

Currently, the Group shall focus on trading and export of sand to grow its Sand Business
and as such the Group is implementing the necessary strategies to venture into the Sand
Business in order to:-
(i) secure additional business partners to reduce the reliance of the Group on a single
business partner for mining license and approved permits; and
(ii) sourcing for sand from Malaysia as well as the South East Asia region; and
(iii) source for more types of sand to increase its product offerings; and
(iv) source for more customers, both domestic and overseas.

Posted by goodiewilly > 2021-02-26 21:13 | Report Abuse

scrown sifu,
quote :


Stock: [AGES]: AGESON BERHAD

Oct 7, 2020 4:56 AM | Report Abuse

The largest sand project from China of $28b is not a letter of intent but it is an awarded contract according to the announcement to be approved through AGM that awarded wording is confirmed by the underwriter. So market shouldn't think it is a MOU project. It should a real project. Super Good news. I only wonder who can afford to buy such a huge sands and after all the sands will be thrown to the sea.
Unquote

Now the above said its letter of intent only and so far no sand is sent yet.
dont you think they are not telling truth ?

the price has stayed at 0.13-0.15 for months, despite so many quarters of super results , instead to get moneys from investors by right issues.

Is these exercise a bad one for investors ??

Posted by Jjkcl > 2021-02-26 21:36 | Report Abuse

Bad

Posted by tumbler > 2021-02-26 22:07 | Report Abuse

Actually this kind of sand contract is like fake contract. U see Today vivocom also able to get rm3.8bil sand contract

Posted by tumbler > 2021-02-26 22:09 | Report Abuse

This kind of contract you want to get rm100bil also possible. You can pay the runner commission for fake sand contract, tomorrow you can get rm100bil sand contract

Posted by tumbler > 2021-02-26 22:14 | Report Abuse

Actually this ages last year earn 38mil and this year 2 quarters earned 17mil. But very suspicious no single cent dividend at all. Last time megan want to cheat retailers also go to bank borrowing to pay dividend to shareholders But this ages only play figure without spending any dividend,.

Posted by soulless > 2021-02-27 00:07 | Report Abuse

Company asked for RI last Feb 2020, and now Feb 2021 another round? This is one of the company with the shortest break in between two consecutive RIs. It seems that SC is doing nothing to protect minority against such exercise that benefits company more than the minority shareholder.

A company RI is like asking its shareholders to help finance them in upcoming venture, be it financing a project, business operations, repay borrowings etc. There is no interest given to the financier, it does not guarantee a return of investment, and in worst case share price can even drop in the future post exercise. At least bank can still charge an interest or a private placement investor can push the price up for gains.

Adding to above, having an RI announcement is like locking the share price all the way to its completion. Nearing or after exercise completion, price must fall due to dilution (timeframe varies on RI type but usually is immediate).

To the company, this method is the most ideal. No loan interest from bank, no headache looking for an investor for private placement etc. This ICULS is just another name for ICPS, especially if there is zero interest/coupon rate.

Brace for a long period of holding until third quarter 2021, if you are not willing to cut loss or run now.

Posted by BLee > 2021-02-27 00:13 | Report Abuse

@soulless, good explanation. The only different between ICPS and ICULS is ICPS more secure comparing with ICU(unsecure)LS. Anything happen, ICPS will get priority to be paid. It will be 'game changer' for AGES-PA due to new 'competitor', maybe with lower conversion ratio. Happy Trading.

Posted by soulless > 2021-02-27 00:20 | Report Abuse

@BLee, thanks but not sure what you mean by 'game changer' for AGES-PA (ICPS). Or are you saying the ICPS will get priority being goreng compared to ICULS lol?

Anyway, opportunist like me will subscribe+convert in full. Don't ask me why but just own instinct, this worst path presents the highest probability to win at the end of the day.

Posted by goodiewilly > 2021-02-27 00:27 | Report Abuse

Thanks so much of both sifu BLee n soulless, enlightening me so much.
Overall I think this company with super profit without price moving yet asking money from shareholders are not healthy at all.

Posted by BLee > 2021-02-27 00:39 | Report Abuse

@soulless, I am talking the other way, ICULS most likely conversion at 10sen vs AGES-PA of 13sen at present. The support of AGES most likely will be around 10sen after ICULS issuance. Maybe can get some profit from ICULS during listing as the issue price most likely at 1sen. If all the proposed projects succesful, it will be another story.
Happy Trading.

Disclaimer: This comment NOT a buy, sell or hold recommendation.

Posted by Beastvestor > 2021-02-27 01:40 | Report Abuse

https://www.nst.com.my/business/2021/02/668668/agesons-q2-net-profit-increases-39pct-rm124mil#:~:text=KUALA%20LUMPUR%3A%20Ageson%20Bhd%20posted,the%20same%20quarter%20last%20year.