AGESON BERHAD
KLSE (MYR): AGES (7145)
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Last Price
0.11
Today's Change
0.00 (0.00%)
Day's Change
0.11 - 0.11
Trading Volume
100,000
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Total assets
238
-1.64%
1000
+11.55%
110
+81.66%
900
-13.16%
600
+235.36%
Total current assets
238
1000
110
900
600
Cash & equivalents
238
1000
110
900
600
Short term investments
238
1000
110
900
600
Total receivables, net
238
1000
110
900
600
Accounts receivable - trade, net
238
1000
110
900
600
Other receivables
238
1000
110
900
600
Total inventory
238
1000
110
900
600
Inventories - work in progress
238
1000
110
900
600
Inventories - progress payments & other
238
1000
110
900
600
Inventories - finished goods
238
1000
110
900
600
Inventories - raw materials
238
1000
110
900
600
Total non-current assets
238
1000
110
900
600
Long term investments
238
1000
110
900
600
Note receivable - long term
238
1000
110
900
600
Investments in unconsolidated subsidiaries
238
1000
110
900
600
Other investments
238
1000
110
900
600
Net property/plant/equipment
238
1000
110
900
600
Gross property/plant/equipment
238
1000
110
900
600
Accumulated depreciation, total
238
1000
110
900
600
Deferred tax assets
238
1000
110
900
600
Net intangible assets
238
1000
110
900
600
Other current assets, total
238
1000
110
900
600
Total liabilities
238
-1.64%
1000
+11.55%
110
+81.66%
900
-13.16%
600
+235.36%
Total current liabilities
-238
-1000
-110
-900
-600
Total non-current liabilities
-238
-1000
-110
-900
-600
Long term debt
238
1000
110
900
600
Long term debt excl. lease liabilities
238
1000
110
900
600
Capital and operating lease obligations
238
1000
110
900
600
Provision for risks & charge
-238
-1000
-110
-900
-600
Deferred tax liabilities
-238
-1000
-110
-900
-600
Other liabilities, total
-238
-1000
-110
-900
-600
Total equity
-238
-1.64%
-1000
+11.55%
-110
+81.66%
-900
-13.16%
-600
+235.36%
Total liabilities & shareholders' equities
238B
1000B
110B
900B
600B
Total debt
238
1000
110
900
600
Book value per share
-238
-1000
-110
-900
-600
Discussions
34 people like this. Showing 50 of 15,147 comments
“Mar2083 > Why still not want goreng up? 😭”
If you study the graph from 2Q2024, there are 3 peaks (candles) on 14May.(0.065 to 0.08), 23May (0.08 to 0.10) and 7June (0.11 to 0.125). Is this the first wave of ‘goreng’; I don't know as I am just a ‘spare cash’ investor and do Not have any ‘insider info’?? When is the next ‘goreng’; I also don't know…
Link:https://www.klsescreener.com/detail.php?code=7145
What I know Ageson is one of the worst performing counters during C19 period; especially during delay in issuing AR and QR of Q62022 showing big impairment/losses as shown:
“For the current quarter, the Group achieved a total revenue of RM52.17 million, mainly attributable to the trading of construction material. Other operating income has reduced as a result of the reversal of bargain purchase during the financial period. On the other hand, operating expenses have risen in the same period due to the non-cash accounting impairment adjustments on certain assets such as other receivables and goodwill.
For the period under review, we have generated RM180.38 million from the operating activities and cash and cash equivalents stood at RM44.27 million as at 31 December 2022.”
Link: https://www.klsescreener.com/v2/financial-reports/view/720751
IMHO, the worst is over with the Independent Report “digging” the reason for impairment. I am taking a “risk” there will be an impairment reversal in the coming AR..
Let me summarize my Ageson-PA trading. Due to work from home period; I have the time to ponder on what is the best investment which can beat the bank FD rate. I found ICPS investment is quite attractive due to the 2 methods of conversion, autoConvert upon maturity and the leverage on mother's share price. I started small with my first IB account. I thought I would Not lose if I bought at the lowest of RM0.005 as it is the lowest trading price. I am wrong and speechless. One of the Forumer ‘warning’ is correct, upon Ageson consolidation, my investment became RM0.075. As of now, my investment in account A is still in paper loss.
I started account B when Ageson-PA dropped to RM0.005 again due to a much lower commission of RM1 for every RM100 up to RM700, thereafter RM8 for trading below RM10k. My account B is very much in positive paper gain now mainly because my purchases at the lowest of RM0.005 is now traded at RM0.045; a 9 times increase. I am a bit lucky to cost averaging on this Ageson-PA. There are counters which are delisted; not a chance to recover the investment.
So better do your own due diligence; Happy reading on a Sunday Morning and as always Happy Trading and TradeAtYourOwnRisk.
2 months ago
I missed this announcement; another step out of PN17 (account query)??
“AGESON BERHAD ("AGESON" OR "THE COMPANY")
- APPOINTMENT OF NEW AUDITORS”
Source: https://www.klsescreener.com/v2/announcements/view/7429233
Today, another breakthrough? If today closes above RM0.13, another Green Candle (wave)!!
Happy Trading and TradeAtYourOwnRisk
1 month ago
“w0nderfultime > stock longkang ni”
What happens to the ‘longkang’ if out of PN17/Guidance Note 3 before 30th Oct.2024? Below are the announcements ‘tracks’ to be out of PN17/Guidance Note 3:-
Announcement on 1st Aug.2024:
“The Company has approximately three (3) months to submit its regularisation plan or waiver application for a waiver to submit the regularisation plan and to uplift the Company as a PN17 listed issuer (whichever applicable) to the relevant authorities for approval.” which plan for ‘a waiver’.
Thereafter on 5rd Aug.2024, amended the Announcement:
“The Company wishes to clarify that the Announcement should be read as follows (amended wordings are shown in bold):-...
The Company has approximately three (3) months to submit its regularisation plan to the relevant authorities for approval.”
Subsequently, on 7th Aug.2024, seek an Extension of Time:
“The Board of Directors of the Company wishes to update that the Company had on 7 August 2024 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of an additional period of 6 months until 30 April 2025 for the Company to submit its regularisation plan to Bursa Securities ("EOT Application").”
Finally, on 9th Aug.2024, confidently withdraw the EOT request:
“The Board of Directors (“the Board”) of the Company wishes to announce that the Company has withdrawn the EOT Application on 9 August 2024 as the regularisation plan submission deadline is 30 October 2024, which the Company still have sufficient time to prepare for the regularisation plan submission.”
Come 30 October 2024, will the ‘longkang’ become ‘River of Life’?? Time will tell, Happy Cherry Picking and TradeAtYourOwnRisk.
1 month ago
“mudaBubu > Ageson back to dumpster”
Too early to tell, maybe just profit taking?? It is just one red herring; after three candles from 0.105-0.115 on 06082024, 0.115-0.125 on 09082024 and yesterday closing of 0.13..
Let's wait for coming QR/AR and the ‘confident’ regularisation plan submission on 30 October 2024..as always Happy Trading and TradeAtYourOwnRisk
1 month ago
I can completely hear all the negative statements! I buy low but guess what is lower than the negative statements? Hahaha
2 weeks ago
This company has been established more than 20 years. The company would have been struck off from registrar if it is really bad. Just logic!
2 weeks ago
The consistent success and positive outlook of this company make it a prime candidate for investment. Consider adding shares to your portfolio!"
2 weeks ago
Silent and smile are two powerful tools. Smile is the way to solve many problems and silent is the way to avoid many problems.
2 weeks ago
Just made an investment in shares! Excited about the potential and future growth
2 weeks ago
Ageson contributed a lot in malaysia...they involved in Genting project. Helped with Penang Sentral..etc..among others
2 weeks ago
“MChloe > I can completely hear all the negative statements! I buy low but guess what is lower than the negative statements? Hahaha”
Hahaha, I missed the buy low part of the recent RM0.095..as quite busy then. Before I get my $bullet, it's already gone up. Have you managed to buy at this low price? About the negative statements, partly correct due to the QR losses, low cash, etc…the bright sides are low Liabilities and settling of Bank Loan.
Details:-
Total Assets reduced from RM377.907 mil to RM111.086 mil,
Total Liabilities reduced from RM148.977 mil to RM11.115 mil
Conclusion, assets 10 times more than Liabilities, still a going concern.
The only concern is Cash and bank balance of RM12k after settling the Bank loan of RM43.866 mil, as the QR cut-off was at June 2024, how did Ages survive for the last 2 months??
There is one part in the QR report I don't quite understand, someone please school me on “B4. Lose Before Taxation Is Derived After Charging/(Crediting) on Current Quarter and Current Period”; any chances of revert of impairment and is it something on other receivables NOT received on (Crediting) of RM(179.802 mil)?? If this two items are positive, it is a risk well taken, as Happy Trading and TradeAtYourOwnRisk
2 weeks ago
To all, jusr a reminder.. No trust = no invest. For me im ok w this stock hence y im here
2 weeks ago
The company has strong financials and promising growth prospects. It looks like a good investment opportunity.
2 weeks ago
"Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market." - Warren Buffett
2 weeks ago
Honestly.. no one suka bila saham jatuh... but to be a a GREAT pelabur means you are well prepared & know how to control your emotions 😁😁
2 weeks ago
Buy when it drops & when it's down low, stock can skyrocket. Where do you go if you are down ;)
2 weeks ago
But do know once you become a trader and chose to invest here, be aware of the risks come with it as well
2 weeks ago
My Mama always told me what goes around, comes around, what goes up, must come down. Everything in the dark, must come to light and will reap what you sow.
2 weeks ago
Dirty water doesn't stop plants from growing, so don't let negative words stop progress. Have patience waiting for recovery
2 weeks ago
From BNM, the stronger sector growth was recorded in the construction and manufacturing sectors, 17.3% for 2Q 2024 compare to 1Q 2024 which is 11.9%. so no worries this sector will boommm, just hoping the management can get more projects
https://www.bnm.gov.my/documents/20124/15223059/qb24q2_en_ch2.pdf
2 weeks ago
@tornadofly you're correct maa, Ageson already got 2 projects last few months. U guys can refer these annc. Im expecting they will get more soon.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3454937
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3451084
#tothemunn
1 week ago
yeah even yesterday NAPIC just held press release about the latest property market for first half 2024.
https://theedgemalaysia.com/node/726004
1 week ago
AGES is positioned in sectors poised for growth, particularly in infrastructure and construction. With strong government support for development projects, the company stands to benefit from long-term market demand
2 days ago
With upcoming major projects in the pipeline, including construction contracts and infrastructure developments, This company is set to deliver consistent revenue growth, making it an attractive option for investors seeking stable returns right
2 days ago
The company’s ability to consistently secure new contracts and ofc will execute them effectively has earned it strong market confidence, which bodes well for its future performance and investment appeal
2 days ago
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Mar2083
Why still not want goreng up? 😭
2 months ago