Posted by 240gpark > 2021-10-23 13:44 | Report Abuse

https://www.klsescreener.com/v2/news/view/898297

Posted by kangedd > 2021-10-23 16:56 | Report Abuse

“Through this partnership, the group will be able to conserve its cash to undertake more development projects or construction projects. Financing for the development of the project could be funded via the collaboration as well as progress payment from sales of the proposed development. This will avoid the need to tap external borrowings, which help Ageson to not to increase its gearing level,” according to Ageson executive director Datuk Seri Chin Kok Foong.


https://www.theedgemarkets.com/article/ageson-secures-rm952m-residential-development-project-selangor

Posted by SolidGold > 2021-10-23 20:33 | Report Abuse

Ada kemungkinan satu muslihat untuk menangkap pembeli masuk dengan ramai dan banyak.

Betul? Tak betul?

Posted by kangedd > 2021-10-24 19:26 | Report Abuse

@solidgold What kind of logic is this? Getting new contract and project are good for the company in the long run which will benefit shareholders too

Posted by SolidGold > 2021-10-25 08:05 | Report Abuse

Terima kasih dude.

Logic Investment?

Happy Trading!

Posted by TanHuatHeng > 2021-10-25 09:27 | Report Abuse

what is this Logic Invest?

No news dead. Got news head shout?

With all the exercise? I think it is a taboo to invest in this stock!

Posted by unclekyyisbest > 2021-10-25 10:53 | Report Abuse

Construction group Ageson to sell portion of industrial land in Perak for RM279m

https://www.theedgemarkets.com/article/construction-group-ageson-sell-portion-industrial-land-perak-rm279m


KUALA LUMPUR (Oct 21): Construction company Ageson Bhd is selling a piece of industrial land measuring approximately 168 acres in Batang Padang, Perak for a purchase consideration of RM278.78 million.

Ageson’s indirect 75%-owned subsidiary Ageson Holdings Sdn Bhd (AHSB) had on Thursday (Oct 21) entered into a sale and development agreement with China’s Zhejiang Guorong Digital Economy Group Ltd (ZGDEG), according to a bourse filing.

ZGDEG is principally involved in providing digital industrialisation and industrial empowerment for the governmental and enterprise organisations and promoting the optimisation and upgrading of the industrial economic system.

ZGDEG is also involved in several industrial park projects involving planning and building digital and intelligent cities for the Chinese government to improve urban management capabilities and economic growth.

The land is part of a larger 475-acre parcel, for which Menteri Besar Incorporated (MBI) Perak had granted AHSB exclusive development rights to develop.

According to the development rights agreement between AHSB and MBI Perak, AHSB would carry out and complete a mixed development project comprising government agencies and administration units, industrial, commercial and residential at AHSB’s sole discretion on the development land.

Following the sale, AHSB will build approximately 33 industrial lots and necessary infrastructure on the land, subject to the proposed development order to be obtained within six months of the submission date of July 29.

“In line with the company’s strategy to grow the property development segment, the agreement represents a strategic opportunity for AHSB to fully sell the industrial land at the purchase consideration. Barring any unforeseen circumstances, ZGDEG is expected to enter into the SPA [sale and purchase agreement] with AHSB and/or MBI Perak for the purchase of industrial land by ZGDEG at the purchase consideration upon AHSB obtaining the approvals.

“The sale and development would provide the required fundings for AHSB to finance the costs of the construction works via the progress payments from the sales of the industrial lots to ZGDEG which would then enable AHSB to immediately commence the construction works upon AHSB obtaining the approvals,” said Ageson.

Furthermore, this would allow the company to conserve its cash and channel it towards financing its day-to-day operations or pursuing other business opportunities.

Ageson said the exercise will provide additional revenue and income to the company which, in turn, is expected to contribute positively to its future earnings and growth.

It said the exercise will also create synergistic opportunities and benefits to the parties to leverage and tap respective the parties' strength, experience, expertise, and business network.

“Furthermore, with ZGDEG extending and sharing its experience and expertise in construction, the company expects the sale and development to be carried out smoothly. The company expects that the sale and development will pave way for future construction and/or development collaboration projects between both parties,” it noted.

Going forward, the group said the sale and development are expected to increase the group’s revenue and its overall financial performance, adding that it is expected to enhance the company’s shareholders’ value.

Shares of Ageson had fallen half a sen or 5.56% to 8.5 sen as at Thursday’s noon break, giving it a market capitalisation of RM110.38 million.

Posted by Hazmi90 > 2021-10-25 10:58 | Report Abuse

Still need sometime, but is good to hear that project and news back to track to Ages. Share price will heated up the engine and start moving soon. Stay calm and go on !

Posted by TanHuatHeng > 2021-10-25 11:37 | Report Abuse

sold mine , buy maybank.

dunwan Liew Ka Kang

Bye. U don hear from me anymore.

Happy happy.

Posted by SolidGold > 2021-10-25 11:46 | Report Abuse

HA ha ha

Happy happy.

Now 8 cts.

Told you.

Ha ha happy.

Posted by nimblecloud88 > 2021-10-25 12:22 | Report Abuse

both same account user. So free to make multiple account to comment.

Posted by nimblecloud88 > 2021-10-25 12:29 | Report Abuse

Anyhow if you want go for dividend then yes, Maybank is good but if you were choosing Ages, is a mid term value investing.

Posted by Tuantee > 2021-10-25 13:17 |

Post removed.Why?

Posted by davors > 2021-10-25 13:25 | Report Abuse

unclekyyisbest, sold to a CHINA company that just set up 2021-07-13?
Hmmmmmm.....

https://www.fy35.com/company/4836249.html

Posted by icon2021 > 2021-10-25 14:48 | Report Abuse

sold land in Perak to China ??? if true... is it crazy or what??? no locals wanna buy the land???

Posted by icon2021 > 2021-10-25 14:49 | Report Abuse

could be reversed?

Posted by icon2021 > 2021-10-25 14:49 | Report Abuse

why sell when u can choose lease...

Posted by icon2021 > 2021-10-25 14:51 | Report Abuse

rights issues... hehheeh get ready 0.04 like focus...

Posted by icon2021 > 2021-10-25 14:51 | Report Abuse

later if u join ...they consolidate..if not join they rally up...

Posted by icon2021 > 2021-10-25 14:54 | Report Abuse

the spratly region not own by CHINA also we got problems... to sell lands would be much welcomed by China CCP

Posted by icon2021 > 2021-10-25 14:55 | Report Abuse

hope consider it properly the sovereign issue..

Posted by kangedd > 2021-10-25 15:05 | Report Abuse

@icon2021 I suggest you to fully read the article again, AGES only sold a portion a land and ZGDEG are experience in building IoT smart buildings which I believe they are gonna focus on this segment entirely

https://www.theedgemarkets.com/article/construction-group-ageson-sell-portion-industrial-land-perak-rm279m

Posted by nimblecloud88 > 2021-10-25 15:06 | Report Abuse

Ageson said the exercise will provide additional revenue and income to the company which, in turn, is expected to contribute positively to its future earnings and growth.

It said the exercise will also create synergistic opportunities and benefits to the parties to leverage and tap respective the parties' strength, experience, expertise, and business network.

Posted by kangedd > 2021-10-25 15:10 | Report Abuse

@davors Not sure if you even scroll down or trying to spread misinformation, the company is a subsidiary under 3 companies

Posted by unclekyyisbest > 2021-10-25 15:14 | Report Abuse

Hmmm, actually what is the concern @davors ?

Hahaha, I don't know yours, but my concern is profit only

Posted by unclekyyisbest > 2021-10-25 15:21 | Report Abuse

https://www.theedgemarkets.com/article/ageson%E8%8E%B79520%E4%B8%87%E4%BD%8F%E5%AE%85%E5%8F%91%E5%B1%95%E9%A1%B9%E7%9B%AE

Posted by unclekyyisbest > 2021-10-25 15:21 | Report Abuse

（吉隆坡22日讯）Ageson Bhd与Shuangling Holdings Ltd获得合约，承接雪兰莪鹅唛价值9520万令吉的住宅发展项目。

该集团今日向大马交易所报备，该项目的发展期限为2年，项目创造的盈利将按照协议的利润分成比例分配。

“很兴奋能与Shuangling合作，因为这允许集团借助其雄厚的财力来启动上述发展计划。”

“凭着Shuangling的财务承诺，我们相信这将有助于增强我们的专业知识，并且此次合作符合我们对可持续议程的目标。”

Ageson执行董事Datuk Seri Chin Kok Foong表示：“通过这项合作关系，集团能够保留现金以进行更多的发展项目或建筑项目。项目的发展融资可通过合作和销售进度付款来提供资金，避免向外部借贷，不会提高负债率。”

同时，Ageson执行董事Datuk Seri Liew Kok Leong认为，该项目将有助于在短期内提高集团的收入和整体财务表现。

该集团指出，从长远来看，这一合作将为Ageson和Shuangling创造协同机会，为未来在区域产业发展领域的合作铺路。

Posted by Sneakpeek > 2021-10-25 15:30 | Report Abuse

Wow..new contract lagi..kah..kah...

Posted by Michael R. > 2021-10-25 16:21 | Report Abuse

95mil only lol... Can sell house units or not this covid era.. lots of unsold units still around btw

Posted by unclekyyisbest > 2021-10-26 07:36 | Report Abuse

Is a positive outloook for property market. If not be wrong BNM also stated that property price won't drop on recent as the housing demand is still strong

Posted by BlackWhite > 2021-10-26 09:05 | Report Abuse

Build house must carry on or all construction n developer companies eat what?

Posted by BlackWhite > 2021-10-26 09:06 | Report Abuse

China strong growth is the result of build build build until today evergande still building

Posted by blackchicken > 2021-10-26 12:20 | Report Abuse

According to Chin, the group is aiming to derive a significant portion of its earnings from this income stream by 2022.

https://www.thestar.com.my/business/business-news/2021/01/05/ageson-undertakes-rm124bil-gdv-project

Posted by davors > 2021-10-26 16:22 | Report Abuse

end of december might reach 0.050... careful guyz...

Posted by fable > 2021-10-26 16:32 | Report Abuse

lots of good news which are going to benefit AGES in along run recently, there will be alot voices around here, some are going try to push the price down for their own interest, becareful out there guys

Posted by kangedd > 2021-10-26 17:10 | Report Abuse

for sure someone is collecting at low price

Posted by BlackWhite > 2021-10-26 17:14 | Report Abuse

Whale dumping like bitcoin , before surge up

Posted by FlyFried > 2021-10-26 17:16 | Report Abuse

Congrate to those that got it right.

Me tough luck.

Posted by blackchicken > 2021-10-26 18:09 | Report Abuse

From 14 February, 2020 to 5 June, 2020, the stock price shot up from 0.02 ringgit to 0.19 ringgit. I think something silmilar to that will happen in the future.

Posted by masterus > 2021-10-26 20:21 | Report Abuse

Ageson partners with China's Shuangling to develop a RM95.2mil residential development project in Selangor
By NST Business
October 24, 2021 @ 4:36pm

Posted by blackchicken > 2021-10-26 23:15 | Report Abuse

Ageson eyeing to invest in a potential Unicorn Company in Malaysia
https://www.malaysiakini.com/announcement/573423

Posted by blackchicken > 2021-10-26 23:19 | Report Abuse

Ageson expects its strong earnings momentum to continue into FY21

https://www.edgeprop.my/content/1757727/ageson-expects-its-strong-earnings-momentum-continue-fy21?wref=edgemarkets

Posted by blackchicken > 2021-10-26 23:26 | Report Abuse

Silica Sand Can Offer a Stable and Inexpensive Energy Storage Medium: Report
https://mercomindia.com/silica-offer-stable-inexpensive-energy-storage/

Posted by blackchicken > 2021-10-26 23:31 | Report Abuse

New Thermal Energy Storage Methods Using Hot Sand

An innovative new energy storage technology that uses hot sand is being developed as an alternative in the field of renewable energy technologies. That feeling of hot sand on the soles of your feet is what sparked an investigation around the ability of sand to absorb and retain heat, giving rise to new thermal energy storage processes.

https://www.azocleantech.com/news.aspx?newsID=30291

Posted by 240gpark > 2021-10-26 23:32 | Report Abuse

Who knows more like cardano, the new black horse.

Posted by swimwithsharkss > 2021-10-27 09:36 | Report Abuse

Morning folks! Looking solid for another day :)

Posted by 240gpark > 2021-10-27 10:21 | Report Abuse

Morning !

Posted by davors > 2021-10-27 13:52 | Report Abuse

haha... i wont buy even it hits lower... i penakut...

Posted by chucknorris > 2021-10-27 14:00 |

Post removed.Why?

Posted by aiboon > 2021-10-27 14:04 |

Post removed.Why?