AGESON BERHAD

KLSE (MYR): AGES (7145)

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Last Price

0.065

Today's Change

0.00 (0.00%)

Day's Change

0.065 - 0.065

Trading Volume

315,300


34 people like this.

15,068 comment(s). Last comment by felet404 1 week ago

Posted by VegeBird1219 > 2022-05-16 18:06 | Report Abuse

https://www.letsbuild.com/blog/what-is-bim-what-are-its-benefits-to-the-construction-industry

By now, it is clear that BIM is one of the most reliable vehicles to share data in construction. It can serve different purposes depending on the phase of a project (design, planning, execution, etc.) and, if updated properly, it can accumulate more and more data from stage to stage.

However, many stakeholders in the industry fail to see that unlocking digital adoption on the field is the basis for exploring the full potential of BIM.

That often stems from the wrong assumption that Building Information Modeling is all about the 3D model, neglecting the effort that needs to be put in collecting, analysing and sharing the right data.

So before we fall for the “nice and shiny” features, it is important to understand that digital adoption on site is key for a data-driven project in construction.

At the end of the day, it is field teams that need to contribute to the model in a consistent and trustworthy manner.

For that to happen, there are a few parameters that should be taken into account. First of all, it is vital to realise that there are different levels of transparency based on the role of an individual in a project.

Simply put, BIM managers and people on site don’t need the same type of information. Field teams can work just as good with a 2D representation of the project and avoid getting too confused in their effort to feed the model with data.

That’s why, in the long run, you need a simple-to-use application which will allow a foreman or the subcontractors to effortlessly update the BIM model.

By achieving that, you get one step closer to the standardisation of the building process. That is powerful if we consider that many construction companies are currently struggling with the absence of a well-defined protocol for their onsite follow up.

It is quite common that companies use different classifications from project to project resulting in great confusion and significant waste of time and resources.

It doesn’t take much to understand that the establishment of a certain set of standard internal classifications, which can link to the company’s ERP system, would eventually lead to a much more efficient construction process from start to completion.

Thanks to such an approach, project teams can get easily aligned and organise their systems and processes in a digital environment in order to collaborate more, reestablish trust across the supply chain and collect more data so they can improve their decision-making process.

Posted by whistlebower99 > 2022-05-17 09:41 | Report Abuse

FOR NEWBIES

================
CONSOLIDATION OF EVERY 15 EXISTING ORDINARY SHARES IN AGESON BERHAD HELD AS AT 5:00 P.M. ON 12 APRIL 2022 ("ENTITLEMENT DATE") INTO 1 SHARE.
Shares consolidation completed on 13 April 2020

=================
RENOUNCEABLE RIGHTS ISSUE OF UP TO 716,335,858 NEW ORDINARY SHARES IN AGESON BERHAD ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 6 MAY 2022 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE

Ex-Date 05 May 2022
Pre ex-price = 0.255
Ex price = 0.215
Rights price = 0.20
===============
Date for commencement of trading of rights 09 May 2022
Date for cessation of trading of rights 17 May 2022
AGES-OR trading at 0.005 seller price
================

Acceptance and Payment 24 May 2022 05:00 PM
Excess share application and payment 24 May 2022 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 27 May 2022

Available/Listing Date 08 Jun 2022
https://www.klsescreener.com/v2/announcements/view/3535393

===============
Take note of last day for rights subscription
TAYOR

Posted by SengGor1011 > 2022-05-17 15:13 | Report Abuse

mega project > mrt > properties surrounding mrt station > every other businesses > lively city

Posted by SengGor1011 > 2022-05-17 15:13 | Report Abuse

cant wait to see changes for the upcoming 3-5 years

Posted by VegeBird1219 > 2022-05-17 15:19 | Report Abuse

hahahah this MRT thing talk very long already lahh , now see Gov lohh, very rely on politic situation oso see those people UP THERE how to make Msia great again

Posted by VegeBird1219 > 2022-05-17 15:20 | Report Abuse

i have some good portion of shares on a few GLC so,

we shall see, we shall see =)

Loh Kok Wai W

3,588 posts

Posted by Loh Kok Wai W > 2022-05-17 16:13 | Report Abuse

Right issue is made money for those CEO,Director...buy new car,buy new house....travel。。。。。night club enjoy。。。cheeerrrrssss...

Posted by StevenKhoo111 > 2022-05-17 17:01 | Report Abuse

can buy some after RI

kfliau

1,969 posts

Posted by kfliau > 2022-05-17 21:42 | Report Abuse

If mayor shareholders forced to subscribe a big chunk of excess rights, they will definitely pump up to off load. Let's see how is the subscription result on 24th

Posted by Globalview88 > 2022-05-18 12:25 | Report Abuse

Haha Loh Kok Wai .macam boss ai cao Lou liao..hahaha.

Posted by unclekyyisbest > 2022-05-18 14:00 | Report Abuse

No mou doesn’t means caolou la

Posted by unclekyyisbest > 2022-05-18 14:01 | Report Abuse

Just need more time to recover

CurryBento

346 posts

Posted by CurryBento > 2022-05-18 15:19 | Report Abuse

this lou kah wai confirm amateur haha RI money can simply take lol ,

globalview boss havent cao lou, but your face confirm cao da :)

CurryBento

346 posts

Posted by CurryBento > 2022-05-18 15:20 | Report Abuse

interesting people simply simply comment, slowly expose their lack of knowledge and ignorance, plus their FORTUNE TELLER TALENT

Posted by SengGor1011 > 2022-05-18 15:28 | Report Abuse

The adjusted EPS of the company is approximately 2.82, and when adjusted to the current share price of the company, AGES is trading at a TTM PER of 1.06 times.

Under the Bursa Construction Index, the normalized valuation for a 5-year average has always been around 6.7 times PER for profitable companies. (Source – Bloomberg)

In other words, AGES is deeply undervalued, with or without positive development from mega projects.

Nevertheless, the company will undergo a share consolidation exercise to reduce the share circulation as an effort to encourage shareholders to stay. Sadly, most investors had mistakenly taken AGES as one of the other penny stocks.

So my thesis is, why chase after highly valued stocks, when you can buy one at 1/5 of the valuation?

Posted by SengGor1011 > 2022-05-18 15:28 | Report Abuse

The improving growth trajectory would be driven by the recovery in domestic-oriented sectors as almost all economic and social sectors return to normalcy amid Malaysia's high vaccination rate and rapid rollout of booster shots.

The re-opening of international borders would facilitate the recovery of tourism-related industries and alleviate pockets of foreign labour shortages in the domestic economy, Bank Negara said in its Economic and Monetary Review 2021 released today.

The central bank's governor Tan Sri Nor Shamsiah Mohd Yunus, meanwhile, said its current monetary policy stance would continue to remain accommodative to support economic recovery and ensure price stability.

noice <3

CurryBento

346 posts

Posted by CurryBento > 2022-05-19 09:33 | Report Abuse

Economy recovering, sectors all get some breathers

CurryBento

346 posts

Posted by CurryBento > 2022-05-19 09:35 | Report Abuse

Something good for the big environment

Posted by whistlebower99 > 2022-05-19 15:55 | Report Abuse

Very likely price will drop further after closing date for rights subscription.
Based on price trend of other penny stocks with similar corporate exercises.
TAYOR

kangedd

457 posts

Posted by kangedd > 2022-05-19 18:03 | Report Abuse

Monitor the price, getting closer to d-day

Posted by VegeBird1219 > 2022-05-19 18:10 | Report Abuse

quiet day quiet day, all busy renew Passport kot AHAHAHAHAHAHA

kfliau

1,969 posts

Posted by kfliau > 2022-05-19 21:30 | Report Abuse

@whistlebower99 why would the major shareholders allow price to drop further after ri when they are forking out Hugh dum to subscribe at 20 cents?

kfliau

1,969 posts

Posted by kfliau > 2022-05-19 21:30 | Report Abuse

Sum

Posted by skylimit88 > 2022-05-20 01:15 | Report Abuse

The Malaysian construction industry grew by an estimated 1.5% in real terms in 2021, following an annual decline of 19.4% in 2020

The industry's output in 2021 was supported by an improvement in wider economic activity and more favorable external demand. Despite remaining stable in the first half of last year, construction activities plummeted in the third quarter of 2021, due to weakness in civil engineering, residential and non-residential building construction activity.

As a result, the Malaysian construction industry contracted by 2.6% year on year (YoY) in the first three quarters of 2021, according to the Department of Statistics Malaysia (DOSM). The industry is expected to have registered positive growth in the final quarter of 2021, supported by a fall in Coronavirus (COVID-19) infections and the subsequent relaxation of restrictions. However, severe flooding towards the end of Q4 2021 may slow growth in early Q1 2022.

Posted by skylimit88 > 2022-05-20 01:15 | Report Abuse

GlobalData expects the Malaysian construction industry to expand by 16.5% this year, supported by further improving economic conditions, the government's focus on completing large infrastructure projects, and increased investment on industrial and energy projects.

In December 2021, the Malaysian parliament passed the government's budget for 2022, approving an expenditure of MYR332.1 billion ($81.8 billion). The budget includes an allocation of MYR75.6 billion ($18.6 billion) for development expenditure, as well as a number of incentives to improve employment rates and support businesses.

The construction industry is expected to register an annual average growth of 6.2% between 2023 and 2026, driven by investment in large-scale transport and energy projects. In September 2021, the government announced its plan to establish the Public Private Partnership (PPP) 3.0 model, a specialized mechanism to fund infrastructure projects in the 12th Malaysia (12MP) plan between 2021 and 2025.

In June 2021, the government unveiled its energy transition plans until 2040, aiming to increase the proportion of renewable energy in the total energy mix from 2% in 2019, to 31% by 2025 and 40% by 2035. As part of the 12MP, the government announced its goal of developing 120 cities to achieve sustainable city status by 2025, by providing additional support to private sector projects implementing strategic development programmes. The government also intends to construct 500,000 affordable houses by 2025.

Posted by whistlebower99 > 2022-05-20 09:29 | Report Abuse


kfliau

@whistlebower99 why would the major shareholders allow price to drop further after ri when they are forking out Hugh dum to subscribe at 20 cents?

=============
Refer to price movement of csh, arbb, fast, eastland, kanger, lambol permaju, etc with rights issue exercise.

kfliau

1,969 posts

Posted by kfliau > 2022-05-20 10:47 | Report Abuse

@whistlebower99 Yes I noticed it. What I can't understand is since the major shareholders forked out so much to subscribe the ri, it will be disastrous to them to allow the price to fall so low after ri. Baffling

CurryBento

346 posts

Posted by CurryBento > 2022-05-20 10:56 | Report Abuse

when you are listed, price will not 100% be on your control, this is basic

pls today is an up day sir

CurryBento

346 posts

Posted by CurryBento > 2022-05-20 11:00 | Report Abuse

whats the point of ask why drop why no up why this why that, until one day the price go up, and SUDDENLT quiet? :) trust what you buy, dont buy what you dont trust

BLee

743 posts

Posted by BLee > 2022-05-20 11:20 | Report Abuse

@kfliau: @whistlebower99 Yes I noticed it. What I can't understand is since the major shareholders forked out so much to subscribe the ri, it will be disastrous to them to allow the price to fall so low after ri. Baffling

BLee: Hi Bro @kfliau, agreed with you, so Baffling. We can't compare an Orange with an Apple.
All the other stocks mentioned by Bro @whistlebower99, did most of the stocks have a record of more than 20 quarterly profits?
Did the majority shareholders make an undertaking not selling any shares prior to the RI completion?
Did the majority shareholders make an undertaking to subscribe up to RM10 million worth of RI shares picking up the unsubscribe shares?
Happy trading and TradeAtYourOwnRisk

Posted by unclekyyisbest > 2022-05-20 14:05 | Report Abuse

Construction is anytime back to field. GE15 is near...

Posted by unclekyyisbest > 2022-05-20 14:05 | Report Abuse

If umno win out, mega project and infrastructure related stock all will come back soon.

Investfrog

215 posts

Posted by Investfrog > 2022-05-20 15:40 | Report Abuse

@unclekyyisbest u forget umno-linked stock, another big opportunity coming up

CurryBento

346 posts

Posted by CurryBento > 2022-05-20 15:56 | Report Abuse

The come back of bossku?

CurryBento

346 posts

Posted by CurryBento > 2022-05-20 15:56 | Report Abuse

Tbh Bossku era was the best era for stock market

Investfrog

215 posts

Posted by Investfrog > 2022-05-20 16:51 | Report Abuse

Najib will bring me fly !

Posted by VegeBird1219 > 2022-05-21 13:06 | Report Abuse

the question is, even with bn taking back the politic power, will Najib take back the high post?

Posted by VegeBird1219 > 2022-05-21 13:06 | Report Abuse

later some other non related menteri tak berkaitan pulak hahahahaha

Posted by SengGor1011 > 2022-05-21 13:11 | Report Abuse

okay la previously they got invoice in mega project before, surely they can secure it again

DickyMe

14,368 posts

Posted by DickyMe > 2022-05-21 13:12 |

Post removed.Why?

Posted by Globalview88 > 2022-05-21 19:21 | Report Abuse

Hahaha.invoices,do as well.

CurryBento

346 posts

Posted by CurryBento > 2022-05-23 12:05 | Report Abuse

KUALA LUMPUR: Main market-listed Ageson Bhd has maintained its growth momentum in the third quarter (Q3) financial year ending 30 June 2022 (FY22) with a net profit increase of 41.8 per cent year-on-year (YoY) to RM8.8 million from RM6.2 million in the previous quarter.

The quarter's revenue doubled to RM103.9 million from RM48.8 million in Q3 FY21, owing to higher billing from the building materials business.

CurryBento

346 posts

Posted by CurryBento > 2022-05-23 12:29 | Report Abuse

Executive director Datuk Sri Chin Kok Foong said construction remains the sole contributor to the company's revenue.

He said the low market sentiments still impacted the property development division amidst the spread of the Covid-19 Omicron variant.


"However, we are confident that proactive measures undertaken in the trading of building materials and the reopening of the economy will drive recovery for our property development business," he said in a statement yesterday.

Ageson's net profit increased by 45.5 per cent to RM34.5 million in the first nine months (9M) of FY22, up from RM23.7 million the previous year.

The strong performance was in line with the company's revenue, which jumped by 106.2 per cent to RM237.1 million in the 9M FY22 compared to RM115.0 million in the 9M FY21.

Investfrog

215 posts

Posted by Investfrog > 2022-05-23 15:19 | Report Abuse

QR looking good... now waiting for next stop..

Posted by SengGor1011 > 2022-05-23 15:19 | Report Abuse

it's endemic soon, everyone get to catch a breather

wishing everyone got back what they have loss, it's been hard past 2 years for everyone

kangedd

457 posts

Posted by kangedd > 2022-05-23 16:41 | Report Abuse

:)) Stay positive and good luck guys

CurryBento

346 posts

Posted by CurryBento > 2022-05-24 11:19 | Report Abuse

slowly climb, slow and steady

CurryBento

346 posts

Posted by CurryBento > 2022-05-24 11:19 | Report Abuse

Support is forming, construction index havent move much yet, this is chance

Posted by VegeBird1219 > 2022-05-24 11:27 | Report Abuse

AGES had taken the initiative to proceed for equity funding in order to reduce the future costs of financing for the sake of investors.

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