The recovery in domestic-oriented sectors will drive the improving development trajectory, as practically all economic and social sectors return to normality as a result of Malaysia's high vaccination rate and speedy distribution of booster injections.
According to Bank Negara's Economic and Monetary Review 2021, reopening international borders will promote the revival of tourism-related businesses and reduce areas of foreign labour shortages in the local economy.
Meanwhile, the governor of the central bank, Tan Sri Nor Shamsiah Mohd Yunus, stated that the central bank's present monetary policy stance will remain supportive in order to assist economic recovery and maintain price level.
According to Mordor Intelligence, Malaysia Construction Market is expected to grow at a CAGR of approximately 6% during the forecast period 2022-2027. Hence, hold for the breaking out.
@JJPTR: AGESON 20:1 reduction ex on Apr 12th. ex price 30c from 1.5c Now it is 19.5c Next few months will be 10c AS more ESOS/RI/PP announced,price will drop further to 2c again. TAKE YOUR MONEY AND RUN BEFORE 2C arrrive. Now is 19.5c You will not regret
BLee: Hi Bro @JJPTR, AGESON 20:1 incorrect, it is 15:1. The RI is 2:1 and a subscription of 20sen whereby 3 major shareholders will share a 'ship' of RM10mil worth… You think these 3 major shareholders let the 'ship' sink to 2sen?
@whistlebower99: Operators might goreng down if not easy to goreng up Either way they will make profit
BLee: Hi Bro @whistlebower99, please 'teach' me how to make profit if you spend RM10mil subscribed at 20sen RI and can earn if you sell below that price? For ways of gaining with this RI issuance, I have sold AGES-OR and used the $ to buy AGES-PA at 3sen and 3.5sen; in paper gain now. I might post my trade after realizing the gain…So RI and consolidation might be able to make a small profit to compensate for the losses in mother shares prior to the exercises. Happy Trading and TradeAtYourOwnRisk
Be reminded of recently completed corporate exercises :-
================ 1. 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.
================= 2. 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
================ Acceptance and Payment 24 May 2022 05:00 PM Excess share application and payment 24 May 2022 05:00 PM Closing price = 0.205
Total valid acceptances 144,037,582 69.32 Total valid excess applications 67,459,151 32.47
30% retail investors didn't take up the rights issue Excess shares most likely taken up by directors, friendly agents & operators to ensure success of the fund raising exercise
================== Trading volume remains low, could be right to left hand transactions Price maintained around rights issue price of 0.20
Directors might need to announce more MOUs, contract awards to attract more retailers to the stock Major subscribers of rights & excess shares might release their shares to retailers, to free up their fund tied up in the subscription
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Pursuant to the adjustment to the conversion price of the ICPS arising from the Rights Issue ("Adjustment"),
(i) the conversion price of ICPS of RM1.95 each will be revised to RM1.03 each; and
(ii) the cash payment for conversion of ICPS (based on the conversion mode of surrendering 1 ICPS with additional cash payment for 1 new Share) of RM1.80 each will be revised to RM0.95 each.
The notice setting out the details of the Adjustment to the holders of ICPS was despatched to entitled ICPS holders on 2 June 2022. This announcement is dated 8 June 2022.
============== Current share price = 0.22 Current AGES-PA = 0.035
Take note that AGES-PA is very out of money if converted to share
a. 1 AGES-PA plus 0.95 = RM0.985 b. 13 AGES-PA = 13 X 0.035 = RM0.455
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....
CarolineTeoh
144 posts
Posted by CarolineTeoh > 2022-06-17 18:27 | Report Abuse
After Q2, time for construction theme to shine. Certain construction stocks will react greatly by the news of GE15