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
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
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?
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.
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
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.
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.
@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
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
@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
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.
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
VegeBird1219
181 posts
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