What caused the price downfall in KANGER INTERNATIONAL?

Content:An aggressive price action was seen in KANGER since the completion of their share consolidation exercise. Now, we are seeing the price being supported strongly at 8.0 cents level.






 

Attached above is the 5-market depth of KANGER dated 21^st March 2022.

It is important for investors to look at the value of a company beyond the share price. What lies beyond KANGER’s current share price movement?

The value of its properties.

To date, the market cap of KANGER is merely RM47.8 million, while the value of their acquired properties had the combined value of easily over RM100 million.

Bear in mind that this is prior to the borders reopening decision by our government. I believe the value of the properties had gone up easily by 10% to date.

What’s more, a RM10 million increase is 10% to the RM100 million value of properties, but a RM10 million increase over RM47.8 million market cap is a whopping 20.9% increase is value!

The only remaining question is this – when will the market realize the true value of KANGER??