KLSE (MYR): AGES (7145)
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Last Price
0.205
Today's Change
-0.015 (6.82%)
Day's Change
0.205 - 0.22
Trading Volume
660,000
Market Cap
64 Million
NOSH
312 Million
Avg Volume (4 weeks)
1,074,231
4 Weeks Range
0.20 - 0.265
4 Weeks Price Volatility (%)
52 Weeks Range
0.02 - 0.40
52 Weeks Price Volatility (%)
Previous Close
0.205
Open
0.22
Bid
0.205 x 491,000
Ask
0.21 x 408,200
Day's Range
0.205 - 0.22
Trading Volume
660,000
Latest Quarter | Ann. Date
31-Mar-2022 [#3] | 18-May-2022
Next QR | Est. Ann. Date
30-Jun-2022 | 25-Aug-2022
T4Q P/E | EY
1.50 | 66.88%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
1.15 | 0.18
T4Q NP Margin | ROE
14.74% | 11.92%
2022-05-24
2022-05-18
2022-05-18
Sector: CONSTRUCTION
Sector: CONSTRUCTION
Subsector: CONSTRUCTION
Subsector: CONSTRUCTION
Description:
Ageson Bhd, formerly Prinsiptek Corp Bhd operates as an investment holding company. Its principal activities are mainly construction and property development. It involves in building and construction activities. The company's segments include Construction, which is engaged in construction works; Property Development, which is engaged in the development of residential and commercial properties, and Trading and others, which is engaged in the trading in building materials, provision of project management and secretarial services and investment holding. Its project includes detached houses, semi-detached houses, terrace house, high-rise hotel, hostel, and apartment.
Right issue is made money for those CEO,Director...buy new car,buy new house....travel。。。。。night club enjoy。。。cheeerrrrssss...
6 days ago
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
6 days ago
this lou kah wai confirm amateur haha RI money can simply take lol ,
globalview boss havent cao lou, but your face confirm cao da :)
5 days ago
interesting people simply simply comment, slowly expose their lack of knowledge and ignorance, plus their FORTUNE TELLER TALENT
5 days ago
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?
5 days ago
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.
noice <3
5 days ago
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
4 days ago
@whistlebower99 why would the major shareholders allow price to drop further after ri when they are forking out Hugh dum to subscribe at 20 cents?
4 days ago
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.
4 days ago
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.
4 days ago
Hoseh liao
https://www.globenewswire.com/news-release/2022/04/04/2415621/28124/en...
4 days ago
kfliau
@whistlebower99 why would the major shareholders allow price to drop further after ri when they are forking out Hugh dum to subscribe at 20 cents?
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Refer to price movement of csh, arbb, fast, eastland, kanger, lambol permaju, etc with rights issue exercise.
4 days ago
@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
4 days ago
when you are listed, price will not 100% be on your control, this is basic
pls today is an up day sir
4 days ago
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
4 days ago
@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
4 days ago
If umno win out, mega project and infrastructure related stock all will come back soon.
3 days ago
the question is, even with bn taking back the politic power, will Najib take back the high post?
3 days ago
okay la previously they got invoice in mega project before, surely they can secure it again
3 days ago
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.
1 day ago
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.
1 day ago
it's endemic soon, everyone get to catch a breather
wishing everyone got back what they have loss, it's been hard past 2 years for everyone
22 hours ago
AGES had taken the initiative to proceed for equity funding in order to reduce the future costs of financing for the sake of investors.
2 hours ago
Two major shareholders of the company who will be undertaking at least 50 million shares of the rights issue.
2 hours ago
Today is closing date for rights and excess share application
Acceptance and Payment 24 May 2022 05:00 PM
Excess share application and payment 24 May 2022 05:00 PM
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 27 May 2022
Available/Listing Date 08 Jun 2022
https://www.klsescreener.com/v2/announcements/view/3535393
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Next important date is 27 May 2022 ad 8 June 2022
1 hour ago
kangedd
observefirst, our government got alot of pattern...
6 days ago