Termination of MoU, negative results and hampered market sentiment driven the share price of Kanger to another low level of MYR 4.5 cents.

But is it possible for the share price to go even lower?

In my opinion, the chances are close to NIL.

There are a few reasons to support the statement.

The first one being all negative news or impact had already been factored into the share price. Remember, the stock market always reflects the future but not only the current performance of any company. Hence, the market may have factored in negative implications onto Kanger’s share price already.

Secondly, we see significantly drop in traded volume over the past few trading days. This indicates an end of selling over the company’s shares. I mean, if you look closely on the company’s chart, it is obvious that the selling is over.

And lastly, Kanger’s NTA, or net assets is overwhelming their current share price and/or market capitalization. Do you remember there is an investment over hundreds of properties by Kanger to purchase Aset Kayamas Genting projects? By now, the property prices are likely to increase by at least 20% to 30% already as they acquired the properties during the market’s worse.

Basically, the share price of Kanger had already situated at an extreme low level now. If you are thinking of buying any shares of the company, the time is now!