Posted by UncleFollower > 2023-12-06 16:21 | Report Abuse

AQRS is a bumi contractor, their game is really not in private development projects - it's not a bad move, they get good deals and they treat it like a turnkey project with higher margin. This is for them to tide over the difficult times only. Their key rerating catalyst must come from big infra

Posted by eddy888 > 2023-12-08 09:56 | Report Abuse

Unclefollower, thanks for info sharing.

Posted by UncleFollower > 2023-12-08 16:19 | Report Abuse

https://www.astroawani.com/berita-malaysia/kerajaan-pandang-serius-kelewatan-pelaksanaan-projek-pan-borneo-di-sabah-449203

Anwar is shouting at Sabah to expedite Pan Borneo works. To what extent they can implement remains to be seen. This is one of the most visible catalyst to rerate. AQRS-Suria Cap JV still on? Unknown. JV better, Suria is local, Sabah is very protective of locals. Anwar wants transparent tender - this is definitely good for AQRS. There are not that many contractors who has the big infra track record. AQRS's chances ok. AQRS's pre-cast fab plant JV w Sabah Econ Board. IF these 2 parts don't give AQRS...well it remains a fair chance they don't get it - last round they got nothing. Hopefully Anwar effect means Sabah can prioritise transparency and fair tender over cronyism

Posted by UncleFollower > 2023-12-08 16:19 | Report Abuse

Another is Temasek station reinstatement. This was AQRS's job which was slashed. It's odd not to give it back to AQRS. But if AQRS doesn't get it, it really shows that AQRS is quite weak already

Posted by UncleFollower > 2023-12-08 16:23 | Report Abuse

Market often reacts before announcement. Recent clear examples, YTL, even UEMS, even Ekovest. AQRS however, really shows no insider movements i.e. it shows no indication AQRS will be getting anything soon at all.

However, market cap is so small, small volume can spike the share price. Really hard to tell, and really a small cap counter. Who was buying it so heavily from 37-40? I was able to constantly sell at 38-39 for days at that time. Later on I would easily buy back at 36 and resell at 38. What's the operator doing? No idea. After the crash, there was a day they keep taking up everything at 35, before pushing it down to 32.5. Becauuse it's small cap the margin is there, what's their game plan?

Posted by eddy888 > 2023-12-09 12:31 | Report Abuse

I didn't any news update at recent quarter reports. The same update as per few reports being announced. As what I can see, the company didn't plan to grab new projects. I believe company will focus to quickly complete existing construction projects before fully transform to property field which have higher margins. But base on current e'island & the peak property progress, a very bad reputation on project completion. This will be the challenge if company fully transform to property developer later.

Posted by UncleFollower > 2023-12-11 11:29 | Report Abuse

Yeah you're right jackson, forget what I said about small market cap, it's always misleading to amateurs like myself 😂

Posted by whywantcheat > 2023-12-22 13:46 | Report Abuse

iwcity fly, when your turn

Posted by UncleFollower > 2024-01-12 16:30 | Report Abuse

Hmm .375 matched

Posted by UncleFollower > 2024-01-16 12:40 | Report Abuse

Hmm. .390 matched

Posted by UncleFollower > 2024-01-17 11:47 | Report Abuse

Hmm .375 matched, again.

Posted by sten_still > 2024-01-22 15:21 | Report Abuse

a matter of time to up

Posted by Gabriel Khoo > 2024-01-26 18:15 | Report Abuse

Mrcb...the previous partner for lrt3

Posted by Michael Kwok > 2 months ago |

Post removed.Why?

Posted by UncleFollower > 1 month ago | Report Abuse

Can only say, thankfully it made a baby run and allowed us to substantially liquidate position. This stock too slow

Posted by UncleFollower > 1 month ago | Report Abuse

Can only say, thankfully most of us took the money and ran. Now we can buy again. Given its long history of disappointing us, I am not taking 32.5 cents just yet, give another 10-20% buffer (or miss it...)

Posted by eddy888 > 1 month ago | Report Abuse

As long as THE PEAK CONDO issue pending to resolve & company continue to pay condominium buyers LAD 14 million per year, the share price will continue below RM0.40. Don't expect any suprise in short time period. Maybe need to wait for another 6 months to 1 year.

Posted by eddy888 > 1 month ago | Report Abuse

E'Island Puchong project also delayed. Project launch on 2019 & expected complete on Q3 2023 but now delayed to Q3 2024. Is it another penalty need to pay due to delay?

Posted by UncleFollower > 1 month ago | Report Abuse

I have given up on this counter already - liquidated averaging 37 and kept just 5% of my original holdings. That a retailer like me support so long and finally exit, is it an indicator turnaround is around the corner? 🤣

Posted by investortrader88 > 4 weeks ago | Report Abuse

My queue buy matched some tickets at RM 0.36. good luck guys.