Posted by macywong > 2020-03-05 10:31 | Report Abuse

Good morning so many good news here. i think i will buy more Ageson shares today. cheers tp0.25

Posted by HappyInvesting88 > 2020-03-05 10:33 | Report Abuse

14 new Covid-19 cases in Malaysia
KUALA LUMPUR: The Health Ministry has confirmed a new Covid-19 cluster, involving 14 new Covid-19 cases, bringing the tally to 50.

All 14 cases were first and second generation cases linked to patient 26, an Uda Holdings Bhd board member, who tested positive on March 1.

Patient 26 had a history of travel to Shanghai, China, in January, but did not show symptoms until six weeks later.

“After 11 days without new reported cases, a second wave began on Feb 27. As of March 4, the second wave has recorded 28 positive cases (which are cases 23 to 50)," said Health director-general Datuk Dr Noor Hisham Abdullah in a statement today.

“The new cluster involves case 26. Based on investigations and contact tracing carried out to date, 215 close contacts of case 26 have been detected.

“This brings the total number of positive cases in this cluster to 21 cases (cases 30 to 50).”

It added that from the total, 16 cases were found positive, 19 negative, while 180 were still awaiting test results.

The ministry also said five cases were close contacts to several of the 16 close contacts traced to patient 26.

“From the information gathered, patient 26 had been involved in several activities.”

From the 16, one was an officer with patient 26, while the other 15 cases have attended one or more activities or events with patient 26.

Among the activities stated by the health ministry were:

Activity 1: Eight close contacts attended. Six tested positive, two negative.

Activity 2: 10 close contacts attended. Four were positive, two negative and four were pending results.

Activity 3: 15 close contacts attended. Ten found positive, four negative and one pending results.

Activity 4: 21 close contacts attended. One tested positive, 11 negative, and nine pending results.

Activity 5: Seven close contacts attended, with one tested positive and six negative.

Meanwhile, the ministry has advised companies and organisations with positive cases against closing offices, adding that it was sufficient to conduct disinfection process.

“At the same time, the public is asked not to spread any information that could cause panic.

“Investigations into this cluster are ongoing. Therefore, the ministry hopes that everyone will remain calm and continue cooperating by giving accurate information when contacted or identified as a close contact.”

Sanitise or wash hands frequently, stay safe!

Posted by Jackycheung > 2020-03-05 10:35 | Report Abuse

SOLIDDDDDDDDDD $$$$$$$$$$$

Posted by Jackycheung > 2020-03-05 10:36 | Report Abuse

Ageson is the best, lots of other company shares drop like bird droppings. Ageson still stay strong! Salute Ageson, really SOLIDDDDDDDDDD $$$$$$$$$$$

Posted by Jackycheung > 2020-03-05 10:39 | Report Abuse

And salute to Dato Foo, he did so much into this company!

Posted by macywong > 2020-03-05 10:42 | Report Abuse

I make many rounds on jaks tired of the old lady ,now looking for younger chicks like Ageson, go go Ageson! strong fundamental company is on the rising!

Posted by HappyInvesting88 > 2020-03-05 10:46 | Report Abuse

yes, Ageson is the young new fresh chic, and the last qr is quite damn nice too

Posted by WoWo338 > 2020-03-05 10:48 | Report Abuse

vroom vroom vroom ,ladies and gentlemen, start your engine vroom vroom vroom

Posted by WoWo338 > 2020-03-05 10:50 | Report Abuse

Mega projects to boost construction

PETALING JAYA: The Malaysian construction sector, a key harbinger of economic growth, has borne the brunt of weak business sentiment and lack of building jobs in the market.

For the first time in eight years, the country’s value of construction work done contracted by 0.6% year-on-year in the third quarter of 2019 (3Q19).

Based on the data by the Statistics Department, the growth in the value of the construction work done has slowed down since 2012, although the growth rate remained well above 10%.

The sector took a turn for the worse this year, with the value of construction work done every quarter merely expanding at a rate below 1%.

The unfavourable developments in the construction industry, amid the slower economic growth, have dragged down the earnings of construction players and battered investor interest in such counters.

As a result, in 2018, Bursa Malaysia’s Construction Index posted the worst decline since the 2008 global economic crisis as investors began to dump shares in listed construction counters.

However, the index began to see a sharp upward trend this year following the renewed optimism after the government announced the resumption of several large projects such as the RM44bil East Coast Rail Link (ECRL) and the RM140bil Bandar Malaysia.

Moving forward, market observers believe that the revival of the mega projects would be the much-needed catalyst for the construction sector.

According to UOBKayHian Malaysia Research analyst Farhan Ridzwan, several of the long-awaited rollout of mega projects would materialise in the first half of 2020 for the government to sustain the country’s economic growth.“Mega-infrastructure projects that are expected to kick off soon include the ECRL (from end-4Q19 onwards) and potentially Pan Borneo Highway Sabah (from 1Q20 onwards). Meanwhile, the Rapid Transit System project was given the green light by the government in late-October 2019 and will be undergoing further deliberation between Malaysia and Singapore until April 2020.

“On the Penang Transport Master Plan (PTMP), SRS Consortium (the project delivery partner or PDP) announced that it would sign and formalise the PDP agreement with the state government in a few weeks’ time, and upon signing, the PDP will begin the design work for the RM46bil PTMP and award the LRT contract from mid-2020 onwards, subject to the financing structure, ” he said in a note yesterday.

Farhan, however, remained neutral on the domestic construction sector as he maintained his “market weight” rating.

He expects only a handful of the previously reinstated mega projects to resume, which would likely not excite the sector or boost sector earnings growth.

Posted by WoWo338 > 2020-03-05 10:50 | Report Abuse

The race has started, vroom vroom vroom

Posted by Uranium > 2020-03-05 20:20 | Report Abuse

wow Ageson become young chick now, haha, good go go go up up up. Ageson you can do it!

Posted by 靓女 phoon phoon > 2020-03-05 20:25 | Report Abuse

politician uncertain market uncertain,funds manager and foreign funds money would not flow in big cap and mid cap stock .because everybody scare buy high losses money .Expect funds manager money would flow out in bigcap and midcap stocks and will short selling bigcap and midcap stocks for make money so now no prospects cannot buy and hold .
Market money will flows in cheaper stock This is a opportunity in small cap cheaper stocks. sharks will goreng lows price stock at bottom

Posted by LarrieChew > 2020-03-05 20:36 | Report Abuse

no worry no worry phoon phoon, New Director will know what to do, chill

PM briefed on international trade, Apec matters

KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin today received updates on the Asia-Pacific Economic Cooperation (Apec) summit, foreign investors and international trade matters today.



An update on his Facebook said that he had been briefed on these topics by International Trade and Industry Ministry (MITI) secretary-general Datuk Lokman Hakim Ali in Putrajaya.



Other MITI senior officials also attended the briefing, which included various matters related to international trade and foreign investment.



“The MITI secretary-general has also explained about the latest development on the Asia-Pacific Economic Cooperation (Apec) summit which Malaysia is hosting this November,” said the posting

Posted by JessicaTan > 2020-03-05 20:44 | Report Abuse

Yeah,no worry. I am personally holding 50% of my portfolio in Ageson. I believe in Ageson can make good profit from the coming big project. The share price can't move much without more information from the management.. may b the share price can only exlpode when release the coming qtr results if the management continue to be low profile

Posted by stockjobber > 2020-03-05 22:07 | Report Abuse

Dato Larry Liew is very well connected in China and I think he will clinch some projects directly from the China principal

Posted by Uranium > 2020-03-06 09:39 | Report Abuse

Good 4 Ageson bizness.. Banking sector cut rate.good news ! And Good Morning

Posted by Ivanka > 2020-03-06 09:50 | Report Abuse

Maybe this piece of news will help clear up some fog

Malaysia Rail Link, China-based CCCC set up JV to manage ECRL project

PUTRAJAYA: Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Company Ltd (CCCC) have agreed to form a 50:50 joint-venture (JV) company to manage, operate and maintain the East Coast Rail Link (ECRL) rail network, says Prime Minister Tun Dr Mahathir Mohamad (pix).

The Prime Minister said this was after the signing of Supplementary Agreement (SA) by MRL and CCCC on April 12.

“CCCC has agreed to participate in the operation and maintenance of the ECRL through a 50:50 JV, (whereby) CCCC will provide technical support and share the operational risk after the project’s completion,” he told a press conference here, today.

Mahathir said the arrangement would ease the financial burden on Malaysia, which previously was to bear the entire cost of the operation and maintenance (O&M).

“In addition, Malaysia can also leverage on CCCC’s expertise in O&M, hence improving the long-term viability of the project,” he said.

He said the government was confident that with CCCC’s involvement, it would attract and spur investment along the rail link corridor, especially from China.

Mahathir said in the original deal by the previous government there was nothing about Malaysia’s share of the construction, but under the new deal, its participation was included.

Asked if Malaysia would pay any compensation for suspending the project since July last year, the Prime Minister replied that the issue was not mentioned during the negotiation.

“We will start (the project) off as if there has been no interval between the stoppage of the previous construction, and the beginning of the new construction,” he added.

Tun M said the construction of ECRL would resume as soon as possible after the signing of SA and completed on Dec 31, 2026, and not June 30, 2024, as in the original plan.

On payment of the project, Malaysia according to him, “... will pay according to the progress of the construction.”

According to a statement released by the Prime Minister’s Office (PMO) today, the ECRL’s new alignment would have a total length of 640km.

“The new alignment will avoid the construction of the 17.8km-long Genting Tunnel from Bentong to Gombak. It will provide a direct link from Kuantan Port to Port Klang to serve as a land bridge between the two ports,” it said

Posted by 靓女 phoon phoon > 2020-03-06 10:17 | Report Abuse

Ageson is actually a hidden gem in the construction sector.Which I think is significantly undervalued. It fully matched Benjamin Graham's definition of value stock.

Posted by happylucy > 2020-03-06 10:25 | Report Abuse

same same...accumulate every then and now...

Posted by zhm540 > 2020-03-06 10:32 | Report Abuse

ECRL is on hold as no chinese workers can come to work. Also possible another realignment to avoid N9 as it is now opposition state. Probably back to original plan....

Posted by LarrieChew > 2020-03-06 10:47 | Report Abuse

China reports 30 virus deaths, rise in new infections and imported cases

[BEIJING] China reported 30 more deaths from the new coronavirus outbreak on Friday, with fresh infections rising for a second straight day and 16 new cases imported from overseas.

In total 3,042 people have died from the disease in China, the National Health Commission said, with another 143 cases.

hush hush

Posted by LarrieChew > 2020-03-06 10:47 | Report Abuse

yes i agree with you zhm540

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Posted by O'Brian > 2020-03-10 10:34 | Report Abuse

Macroeconomic stability drives Malaysia's economic growth

KUALA LUMPUR: Macroeconomic stability will drive Malaysia’s economic growth this year with Gross Domestic Product (GDP) growth of between 4.4 per cent and 4.9 per cent easily achievable, said IQI Global chief economist Shan Saeed.

The country he said, will continue to be on the global investors’ radar due to its solid economic position and importance in the Belt and Road Initiative (BRI).

Shan even predicted the ringgit to improve to RM3.97 against the US dollar this year.

“The global economy is heading for a major slowdown but despite this, Malaysia’s economy would demonstrate economic confidence due to strong productivity,” he told Bernama, adding that the country still has macroeconomic stability elements of political and economic stability, policy certainty and economic confidence.

He applauded the government’s move to align herself with a technology-driven approach with the strategic intent to enhance productivity through innovation and technology.

“Government is cognizant of the fact that adopting technology will bolster growth in the country and in the Asean region.

Fifth-generation wireless technology (5G), electric vehicle (EV) and artificial intelligence (AI) are on the top of the government main agenda at the moment.

“Top Chinese technology companies like Alibaba and Huawei are already here in Malaysia since they fathom the government’s initiative and encouragement,” he said.

In the next 5-10 years, Shan said technology-savvy labour force would drive the GDP growth trajectory for many economies globally including Malaysia.

“There’s going to be a massive capital expenditure investment in communication like 5G, EV and AI in the Asia Pacific region and the growth rate can be higher in the coming years. Technology is the key variable to achieve solid economic growth in the next 3-5 years,” he added.

Shan who has more than 19 years of financial market experience, especially in private banking, risk/compliance management, commodity investments, global economy, brand and business strategy, is confident that Malaysia continues to be on global investor’s radar due to her strategic geography and an important player in the BRI equation.

“Strait of Malacca provides a huge strategic competitive advantage to Malaysia’s geographical significance. Refined and sophisticated investors value Malaysia’s geography due to world-class port structure benefits in the region.

“ASEAN requires US$1.2 trillion in infrastructure investment which has a direct correlation with GDP growth rate,” he shared.

Meanwhile on the ringgit, Shan believed the local note would be trading between 3.97 and 4.30 against the US dollar, a forecast based on the premise that the greenback would depreciate further in 2020 due to election year in the United States.

“The US Federal Reserve (Fed) is going to reduce interest rates close to zero since it’s an election year and Trump (Donald J. Trump, US current president) is going to push Powell (Fed’s chairman Jerome Powell).

“Perusing history, Nixon (Richard Nixon, the US 37th president) and Reagan (Ronald Wilson Reagan, US 40th president) did the same to win elections in the 70s and 80s. US dollar is heading for tail-end risk and getting lowered in its value against a basket of currencies,” he added. -- Bernama

Posted by LarrieChew > 2020-03-10 10:37 | Report Abuse

covid19 cases added everyday in malaysia.

Posted by JessicaTan > 2020-03-10 10:42 | Report Abuse

Wear mask and wash or sanitize hands often. Keep away from crowded places. Mask are expensive recently, ga ga

Posted by happylucy > 2020-03-10 10:47 | Report Abuse

As a rakyat, help out la,

How the rakyat can help improve Malaysia’s economy

Budget 2020 will be tabled today. The rakyat is putting tremendous high hopes for Budget 2020 to propel our economy.

This is a reasonable expectation as 2020 is an important year for Malaysia.

But, it takes two to tango. Apart from asking what can the government do for you, we must also ask what can we do to improve the country’s economy.

Here is my wishlist for Malaysians to do collectively to improve our economy.

Firstly, the government must continue to spend to keep the economy going.

Government spending is crucial in global uncertainties. At this moment, the US-China trade war will continue for the foreseeable future, even for many years to come.

Brexit is another big uncertainty.

Europe and many Asian countries’ economies are already bordering recession, including Malaysia’s neighbouring countries. So, we can be proud that Malaysia’s economy remains very resilient.

The government must spend, but not lavishly. The spending must have the biggest impact on multiplier effects.

The accumulated debt that the current administration is struggling to pay off is due to the lavish spending of the previous administration.

We can see many pieces of evidence of these lavish spending in the on-going 1MDB trial.

Some of these lavish spending cultures still continue until now.

For example, I know of a GLC, which largely relies on government contracts, having their annual dinner in a five-star hotel and invited pop stars.

The GLC has every right to celebrate their staffs and successes. But why not have a moderate dinner then give better bonuses to their staffs?

Secondly, corporate companies. Corporate companies, like their global peers to a certain extent, are cash-rich. They are constantly on the lookout for investment opportunities.

We urge them to invest locally. Our domestic direct investment can do better.

There are currently about one million SMEs in Malaysia, if each SME is willing to invest an extra RM10,000 a month locally, we will create RM120 billion economic activities in a year.

Malaysia is a young growing nation where the population is growing at a healthy rate.

After the structural reforms embarked by the government, it is just a matter of time before the economy grows again.

Companies must also pay Malaysian workers better. Our wages have stagnated for far too long.

Twenty years ago, a fresh graduate was paid about RM2,000 a month. Two decades later, not much has changed.

Malaysian companies must give priority to Malaysian workers.

Our very own universities, TVET institutions and our local education system trained them. They are much better educated and trained than foreign workers. They deserve better pay.

When they get their salaries, they spend locally, so the money then gets back into the local economy.

Thirdly, the rakyat. As much as we would want to ask the government for everything, we must also ask ourselves, what have we done to help improve our economy? We, collectively as the rakyat, can do something.

First, we must increase our productivity.

If each worker increases productivity by 15 minutes a day, we get 65 extra hours of productivity per worker per year. This will help the worker’s organisation’s output and Malaysia’s economy tremendously. Malaysian workers must be willing to work in all sectors. This will help reduce over-reliance on foreign workers.

We, as the rakyat, must also prioritise Malaysian goods.

Posted by happylucy > 2020-03-10 10:47 | Report Abuse

For example, Malaysians imported RM480 million worth of apples, RM345 million of oranges and RM365 millions of grapes every year. These are an unnecessary outflow of our currency.

Our local tropical fruits are fresh and equally nutritious if not better.

The French Ambassador told me that the French take pride of their local produces. They are willing to pay 15-20 percent extra for local produce because they know the farmers, they are confident of the quality and they take pride in buying French produces.

Malaysia must prioritise Malaysian products too. If we buy more “Made in Malaysia” items, our money stays in Malaysia and it will generate the economy.

I also hope Malaysians who are now planning their next holiday trip to consider vacationing in the country.

Many west Malaysians have never travelled to beautiful Sabah, Sarawak or the east coast of peninsula Malaysia.

These are beautiful places that have fascinated many foreign tourists.

Why not consider travel locally? If more Malaysians do local trips to rural Malaysia, we can create economic activities in these areas and help to improve their livelihood.

There are many more ideas and things we can do collectively as Malaysians to help our country’s economy.

For every ringgit you spend, please think on how to spend wisely and help grow Malaysia’s economy, because it will then help you back too.

Posted by javenlow > 2020-03-10 10:58 | Report Abuse

All silent jo

Posted by Wow123 > 2020-03-10 10:59 |

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Posted by zhm540 > 2020-03-10 11:00 | Report Abuse

price dropped so much so what happen to drop who subscribe to RI?

Posted by Wow123 > 2020-03-10 11:03 |

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Posted by Uranium > 2020-03-10 11:08 | Report Abuse

Discounted price in almost every counter, happy news.

Posted by Uranium > 2020-03-10 11:09 | Report Abuse

Everything happen with a reason, just wait for it.

Posted by zhm540 > 2020-03-10 11:16 | Report Abuse

yes... no one subscribed to RI... they did not push up the price to make it attractive enough.. just waste of time..

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Posted by 靓女 phoon phoon > 2020-03-11 11:01 | Report Abuse

Goreng goreng daily, on weight recently. Excited

Posted by O'Brian > 2020-03-11 11:25 | Report Abuse

Price come down? tp 0.3? Nice, i will clean more up for future use. Thanks for those selling it so cheap to me.

Posted by NorainibtAbdulRahman > 2020-03-11 11:28 | Report Abuse

Memang cun harga saham sekarang ni. Eh, happylucy ada buat shopping spree kat Ageson baru2 ni ke?