Posted by CurryBento > 2022-01-14 14:44 | Report Abuse

Good news coming soon?

Posted by JuliusCeasar > 2022-01-14 14:50 | Report Abuse

Steady AGES!

Posted by am2014 > 2022-01-14 15:22 | Report Abuse

yeah... its a good news guys... hold your share. TP rm0.200

Posted by am2014 > 2022-01-14 15:22 | Report Abuse

on your mark... get set... go...

Posted by newguy0801 > 2022-01-14 18:29 | Report Abuse

So, wait for so long only this news. Well, the announcement stated that the company has not commenced the sand trading business and decided not to continue to supply the sand to respective parties due to high shipping costs caused by the Covid-19 pandemic.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3226474

Posted by newguy0801 > 2022-01-14 18:30 | Report Abuse

This news is quite disappointing to me.

Posted by thisistheway > 2022-01-14 20:04 | Report Abuse

So the good news is lucky never supply yet else will make losses?

Posted by Butchilla > 2022-01-14 20:16 | Report Abuse

the good news is the cancellation cost nothing LOL

Posted by newguy0801 > 2022-01-14 20:43 | Report Abuse

Ya, technically yes they didn't continue cash burning projects.

Posted by CITADEL > 2022-01-14 21:15 |

Post removed.Why?

Posted by JuliusCeasar > 2022-01-14 21:16 | Report Abuse

I think they have make the right move not to proceed supply sand abroad. With that they have more cash savings.

Posted by JuliusCeasar > 2022-01-14 21:17 | Report Abuse

Monday Market would response. Hopefully its positive one.

Posted by 5c0160 > 2022-01-14 21:38 | Report Abuse

0.03 with the cancellation of sand supply Bad new.

Posted by 5c0160 > 2022-01-15 08:23 | Report Abuse

GN 3 soon

Posted by newguy0801 > 2022-01-15 11:03 | Report Abuse

But usually people just goes: "ThIs CoMpAnY No CoNtRaCt, LiMiT DoWn SoOn"

Posted by newguy0801 > 2022-01-15 11:07 | Report Abuse

Well, I get your point anyways

Posted by JuliusCeasar > 2022-01-15 11:11 | Report Abuse

Agreed with NoEmo

Posted by CITADEL > 2022-01-15 11:56 |

Post removed.Why?

Posted by newguy0801 > 2022-01-15 13:13 | Report Abuse

Okay, I will stop being a maniac and all in ATech now.

Posted by unclekyyisbest > 2022-01-15 14:28 | Report Abuse

https://themalaysianreserve.com/2022/01/14/construction-works-for-ecrl-section-c2-to-start-in-1q22/

THE construction works for the Section C2 of the East Coast Rail Link (ECRL) will begin in the first quarter of 2022 (1Q22).

Transport Minister Datuk Seri Dr Wee Ka Siong said the ministry has given the approval for Section C2 which covers the areas of Gombak-Serendah-Puncak Alam-Port Klang on Jan 12.

“This approval is based on feedback from the public review conducted in 4Q21, as well as the approval of the Environmental Impact Assessment, Social Impact Assessment and also the Heritage Impact Assessment obtained earlier by Section C2.

“In this regard, Malaysia Rail Link Sdn Bhd (MRL) forwarded the application for full approval of the railroad plan for Section C2 ECRL to the Land Public Transport Agency, which later forwarded the document along with its approval support to the Transport Ministry (MoT),” he said in a statement yesterday.

According to Wee, the full approval of the plan for Section C2 of the ECRL was necessary to meet the requirements of the new alignment, which will run from Gombak to Port Klang via Serendah, and allow for public consultation and inform people who will live along the line.

He added that public review meetings were held for three months from September to November 2021 to receive feedback on Section C2 in Selangor.

“Of the 12,797 respondents who expressed their opinions during this public review, some 12,652 or 98.87% supported the ECRL route through an improved original alignment.

“A small percentage of respondents opposed the ECRL for Sections C1 (from Mentakab to Gombak) and C2, mainly because the route crossed their house or property,” he said.

For the ECRL route of Section C, which includes the rail lines from Mentakab to Port Klang via Serendah, approval from the Selangor government has already been obtained and officially announced in December 2021.

Wee said MoT greatly appreciates and thanks the Selangor government for its decision for this section.

He said this will definitely facilitate the re-detailing of engineering, procurement, construction contracts and commissioning (EPCC) of ECRL projects.

“This EPCC contract which is to be detailed, will facilitate the implementation of the ECRL construction that was improved based on the original ECRL alignment presented in August 2017,” he said.

Wee added that despite the agreement of the Selangor government on the Section C alignment which was finalised in December 2021, MRL has already received the conditional approval for the Section C1 on May 6, 2021, after taking into account the original approval of the ECRL scheme on June 23, 2017.

As of December 2021, the ECRL project has recorded a level of progress of 26.49%, driven by construction work which involves the alignment of Section A from Kota Baru to Dungun and Section B from Dungun to Mentakab.

“The ECRL construction which includes land works, tunnel works, bridge works and reinforcement works of prefabricated vertical drains was focused in more than 168 key locations in 2021.

“MoT is committed to ensure infrastructure development and transport runs well and smoothly, in turn can give benefits to the people as well as the country as a whole,” he said.

Posted by unclekyyisbest > 2022-01-15 14:29 | Report Abuse

Not only benefit for people also stock market and construction

Posted by unclekyyisbest > 2022-01-15 14:30 | Report Abuse

Left this business who know got another business ?

Posted by newguy0801 > 2022-01-15 14:54 | Report Abuse

Ageson got ECRL contract?

Posted by scrown > 2022-01-15 16:02 | Report Abuse

Ageson no more sand business and waiting to seek new business opportunity. Nobody know except Directors. Call them up

Posted by newguy0801 > 2022-01-15 16:04 | Report Abuse

If got, long term AGES investors going to die from excitement

Posted by Newuser777 > 2022-01-15 16:39 | Report Abuse

@CITADEL these supporters got permanent brain damage ady la, hahahah

Posted by newguy0801 > 2022-01-15 16:45 | Report Abuse

Lol, I guess you are a hypocrite yourself, judging how obsessive you are towards this forum lmao.

Posted by sangkancil > 2022-01-15 18:01 | Report Abuse

no power no push...see so many days also static at that price only ..maybe its the time for the big player to go to sleep lol

Posted by newguy0801 > 2022-01-15 18:17 | Report Abuse

There is a big player throwing tickets. I guess he too much money trying to press the price down.

Posted by sangkancil > 2022-01-15 18:20 | Report Abuse

no one is so free to go to press the price.. this stock cannot short sell , no benefit for the big player.. I guess the big player might be cash strapped ...no money to push

Posted by newguy0801 > 2022-01-15 18:47 | Report Abuse

Well, did they even try to push, lmao. There is not even a substantial shareholder/insider movement these months.

Posted by JuliusCeasar > 2022-01-15 18:52 | Report Abuse

Last PP is on. 29 Nov 2021. By 29 Jan then its completely 2 months.
I think before 1 Feb this stock would be CNY FEVER stock. The guy who purchased the PP STOCK would push this price up!

Posted by JuliusCeasar > 2022-01-15 18:53 | Report Abuse

My piece of thought!

Posted by CurryBento > 2022-01-15 23:33 | Report Abuse

It’s cheap now anyway best time to accum

Posted by vong ada > 2022-01-16 19:48 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/01/14/ageson-to-discontinue-sand-orders-due-to-high-shipping-costs

Posted by newguy0801 > 2022-01-16 20:20 | Report Abuse

Cash strapped after private placement, definitely makes sense.

Posted by imvu > 2022-01-16 21:50 | Report Abuse

setahun 100%

Posted by newguy0801 > 2022-01-17 08:39 | Report Abuse

Sigh, disappointing uptrend volumes

Posted by JuliusCeasar > 2022-01-17 08:44 | Report Abuse

I'm expecting market to response positively this week...... Steady AGES!

CNY FEVER!!!

Posted by CartoonInvesting > 2022-01-17 09:11 | Report Abuse

After such a big volume 2 weeks ago.
Sand was cancelled. I guess another round would be coming soon. Then something else would be cancelled.
They has run out of ideals.

Posted by newguy0801 > 2022-01-17 09:15 | Report Abuse

Lol, I never see such bullshit before lmao in the market. Guess the directors just want to see their company down.

Posted by Hazmi90 > 2022-01-17 10:09 | Report Abuse

Erm... I think this incident is hard to accept by them too, just thinking that they do after doing PP, people usually sure put news or keep spread news to goreng stock but now negative news come out. Nobody want see their company down, or maybe want to makan and sapu tickets ?

Posted by unclekyyisbest > 2022-01-17 10:30 | Report Abuse

Steady Growth Seen for Global Construction After COVID Rebound
Steady Growth Seen for Global Construction After COVID Rebound
Steady Growth Seen for Global Construction After COVID Rebound

https://www.enr.com/articles/53360-steady-growth-seen-for-global-construction-after-covid-rebound

Having bounced back from the worst of the pandemic fallout, global construction is set to grow by 2.3% a year in real terms reaching $16.6 trillion by 2030, say forecasters at London-based Global Construction Perspectives in reviewing 112 markets. Four of the 10 fastest growing will be in Asia, with only Myanmar and Japan facing declining outputs, while five are in Africa and one is in the Middle East.

GCP estimates total construction output to have risen in real terms by 4.1% in 2021 to $13.2 trillion after dipping by 0.1% during the pandemic’s first year in 2020. While most markets are recovering from COVID-19, the forecasters report 27 of the sample countries still struggling to catch up, with volumes in 2022 expected to be lower than in 2019.

"The impact of COVID has been far from equal," notes GCP director Mike Betts. "In most countries it's been negative but in some it's been positive as working from home has encouraged people to invest more in their homes." Betts expects pandemic impacts to "be unwound" from next year, when the markets will return to normal trajectories.

GCP bases its forecasts on economic projections by the International Monetary Fund and ON U.S. Central Intelligence Agency data related to country public debt. It also uses population change data from the United Nations and per-capita cement consumption as indicators of each country's position in its construction cycle.

The forecasts show that by 2030, China's domination of the global construction market is expected to fall nearly 3% below 2021 to 32.6% of the total.

Over the same period, the world's second largest market, the U.S., is set to hold its current share of about 13%. With sluggish prospects, Japan is expected to move from third to fourth place while India's global share increase of 2.1% will move it into third place. The next largest markets all have global share under 3%, led by Germany.

From 2023, when pandemic effects are assumed to have dissipated, the fastest growing markets to 2030—with annual growth rates over 8%—are Lebanon, Myanmar, Ethiopia, Democratic Republic of Congo, Tanzania and Bangladesh. Over the same period, Japan is the only country with forecast negative growth of -0.5% a year.

Nearly half of the forecast $3.1 trillion rise in global construction growth this decade is expected to occur in China, the U.S., India and Indonesia. Also significant are smaller but faster expanding markets, at up to 8% a year, which include Bangladesh, Iran, Nigeria and Philippines.

About 75% of last year's world construction took place in nine developed countries and three emerging markets.

China, the U.S. and Japan together accounted for more than 50% of global output, with India ranking fourth.

Posted by unclekyyisbest > 2022-01-17 10:31 | Report Abuse

Good market will be coming back soon. stay tuned !

Posted by flystocks69 > 2022-01-17 10:40 | Report Abuse

wait die...

Posted by SolidGold > 2022-01-17 10:46 | Report Abuse

Pagi semua. Relax relax relax.
Semasa aku cari kerja dulu dan nak kaya sangat.
Nenek ku tanya dah dapat kerja nak. Aku kata dekat nek kerja kat ofis peguam malas la, selalu kena marah.
Habis nak jadi ape? Melabur kat bursa macam Warren.
Nek kata melabur tu untuk orang bodoh. Warren
Nek tak kenal, tapi atok labur sampai rumah papan pun hilang. Nak sangat rumah batu.
Tak pe Nek, akan nak cuba tunaikan.

Posted by unclekyyisbest > 2022-01-17 11:16 | Report Abuse

https://www.mordorintelligence.com/industry-reports/malaysia-construction-market

Market Overview

The Malaysian construction industry has been severely affected by the disruption caused by the pandemic. The industry's output has shrunk, as construction activity was brought to a standstill across many parts of the country, owing to the containment measures. For example, in Jun 2020, over 5,000 sites were not yet operational of the 6,750 construction sites inspected by the Construction Industry Development Board (CIDB). In 2020, the value of construction work done contracted by 19.4% to RM117.9 billion as compared to RM146.4 billion in 2019. All sub-sector recorded a decline in the value of construction work done, where the Civil engineering sub-sector decreased 24.0%, Residential buildings sub-sector (-17.2%), Non-residential buildings sub-sector (-17.1%), and Special trades activities sub-sector (-2.1%).

The Government’s vision 2020 project has been a major boost to the construction sector supported by the government’s plan to improve the country’s transport network and tourism infrastructure and increase the volume of renewable projects. Moreover, government efforts to address the country’s housing shortage have helped the industry to witness growth during the review period.

In 2021, the industry is expected to recover, supported by investments in infrastructure, healthcare, education and renewable energy projects. In March 2020, the government announced plans to spend USD 472.8 million on infrastructure development projects.

Among the specific plans, the government intends to develop a transit-oriented mixed development on a 196.7ha area, which involves the construction of commercial centers, office complexes and 10,000 affordable housing units with an investment of USD 33.8 billion. However, there are downside risks to this forecast, given the possibility of a second wave of COVID-19, which could further extend the movement restrictions.

Scope of the Report

The Construction Market includes a wide range activity that covers upcoming, ongoing, and growing construction projects in different sectors which include but not limited to geotechnical (underground structures) and superstructures in residential, commercial, and industrial structures as well as infrastructure construction (like Roads, Railways and Airports) and power generation and transmission related infrastructure.

The report offers a complete background analysis of the construction industry, including an assessment and contribution of the sector in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, etc. The report also covers the impact of COVID-19 on the market.

The market is segmented by Sector: Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (transportation construction), and Energy and Utility Construction & by construction type: Additions, demolition & new construction, and New Constructions.

Posted by unclekyyisbest > 2022-01-17 11:16 | Report Abuse

Key Market Trends

Investments in Infrastructure Sector to Boost Construction Activity
The Malaysian government has made considerable progress to expand and modernized its infrastructures throughout the country. This effort is evident by the five-year centralized economic development plan known as the Malaysia Plan, whereby public sector infrastructure development consistently holds the largest funding portion.

Among the revived mega infrastructure projects is the 640 km-long East Coast Rail Link project, which resumed work on July 25 2020 after a year-long suspension. The bulk of domestic demand for Malaysian steelmakers will likely come from the construction of the 20 stations planned for the rail project as there is no rail maker in Malaysia.

In addition to ECRL, other projects such as the Light Rail Transit 3, Mass Rail Transit 2, Electrified Double Track Gemas-Johor Bahru, Klang Valley Double Track Phase 2, Central Spine Road, Pan Borneo Highway, and Coastal Highway in Sarawak are expected to boost Malaysia's construction segment.

As of October, the ECRL project is on track for completion by the end of 2026, Darwis Abdul Razak, chief executive officer of Malaysia Rail Link, said.

The construction industry is expected to expand in 2021, as major infrastructure and affordable housing projects are revived and accelerated to meet deadlines. Most of the growth is expected to be fuelled by domestic investments. State investments and developments in Penang, Johor, and Negeri Sembilan will also help boost the construction industry in 2021.

The outlook for the construction industry seems more optimistic after the proposed 2021 Budget was unveiled on 6 November 2020. The annual Budget has always been the driving force for the construction industry. National infrastructure projects will also steer state governments and local businesses to focus their investments and resources on the development of business hubs and townships, lifting the construction industry as a whole.

Posted by unclekyyisbest > 2022-01-17 11:16 | Report Abuse

Increase in Residential Constructions To Drive the Construction Market
In 2020, the value of construction work in Malaysia was valued at approximately 117.9 billion Malaysian ringgit, indicating a decrease from prior years due to the pandemic. The construction sector in Malaysia grew at a slower pace in 2019. In 2020, residential building construction by the public sector in Malaysia was valued at approximately 1.67 billion Malaysian ringgit. However, the public residential building construction market in Malaysia has been observing a strong growth until 2019 when it was valued at 1.9 billion Malaysian ringgit, rising from 1.46 billion Malaysian ringgit. In 2020, the value of residential building construction by the private sector in Malaysia was valued at approximately 37.26 billion Malaysian ringgit, down from 32.78 billion Malaysian ringgit in 2019.

The previous government had announced a total of 300,000 housing units through its various housing programs, such as 1Malaysia Civil Servants Housing project (PPA1M) which aimed to build 175,000 affordable housing units across the country, First House Deposit Financing, Program Rumah Mesra Rakyat, People's Housing Program (PPR), and Syarikat Perumahan Negara Berhad. These projects boost residential construction markets during the forecast period.

Posted by unclekyyisbest > 2022-01-17 11:16 | Report Abuse

Recent Developments

MAY 2020: According to Malaysia Airports Holdings Bhd (MAHB), The Subang Airport (SZB) car park will be upgraded and the project is expected to be completed by the third quarter of 2021 with the addition of 200 parking spaces bringing the total to 1,000. In the Subang Airport Redevelopment plan, MAHB aims to provide optimum growth potential for the commercial aviation and aerospace segment at the airport in line with the national plan.

FEB 2021: The Malaysian Association of Construction Contractors (MBAM) hopes the government can further improve the Interim Measures to Reduce the Impact of Coronavirus Disease Act 2019 (COVID-19) 2020 to offer better and permanent protection to construction industry players. On February 2, MBAM submitted a proposal to improve the act for the benefit of MBAM members and the construction industry to the Malaysian Construction Industry Development Board (CIDB) Malaysia.