Kanger to buy remaining 49% of remaining equity interest in Sung Master for RM72m, based on valuation FORWARD PE 14 times which takes RM10 million profit guarantee in Sung Master for FY24 into consideration.

Hahahahaa. I thought last time Mr Kuah says Sung Master would generate RM20 million profit a year??? But it is fine to be prudent afterall.

So this RM72m + earlier RM20m to buy Antara condo, Kanger need RM92m cash because all these acquisitions come with cash payment mode.

NEXT…. How would Kanger fund this RM90+ million?? Would there be more acquisition coming up???

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

Uncle aunty sudah ajak OKU karaoke, today off

Rainman still here? I thought you happily karaoke with uncles aunties

Hoseh. Later have to cut bird bird

Cut loss, cut ku ku bird

Lol. You are making fun

Lol

Lol. Now say CNY rally? You probably need to check your AI model. You dont need AI to identify this is a down trend bro

Lol

You probably need to check your AI model. You dont need AI to identify this is a down trend bro

Hahaha 12 sen…..

Why not suggesting limit up 39.5 sen???

Thats why I am wondering whether Kanger to issue shares to AK for settlement. Tan Sri can accept? Hahahaha

No money, but want to buy buy buy

I literally hear you shouting but the screen shows red candle

Amitabha guys.

Bro you ok? Attack apa? It is a falling knife lol

This is a risky counter. Dont even try

Opps

Kanger no money dy. Can issue shares to AK for settlement? Tan Sri ok?

Kanger buy another 15 units Genting condo from Aset Kayamas for RM20 million. What? I thought that Genting Condo all units sold out? PP or RI coming I think.

Oops

Opps

Opps

Opps

Salutica operator no give face today.

The volume is crazy compared with yesterday.

Volume is very high. Crazy

Rainman cancel or postpone karaoke tonight?

Rainman tonight karaoke night?

Market close dy. Come back 2 days later.

Hahahah finally someone corrected kyliew’s calculation.

REMINDER: Q6 results will be released in a month.

MZM2511. True also. You smart investor ma.

https://www.nst.com.my/amp/business/2021/08/714781/kanger-confident-returning-black-embarked-several-exercises-build-resilient

RM1 billion order book but didn’t materialise. It is so entertaining looking back this news.

Rainman, what’s for dinner tonight? Must treat uncles aunties good meal 🤣

“Cough” Those subscribed RI in 2021 with adjusted price RM0.60 still suffer 79% loss. Company still loss making up to Q5. These are the facts.

It is either buy, sell or hold. That’s simple.

I mau order Chef Gordon Ramsay punya beef wellington boleh ka?

Hahaha enjoy karaoke

I think eating ikan bilis masin

Rainman masih makan sedap? Still can pay bill? Lol

opps collapse

Oppps

The Board of Directors of the Company had on 27 February 2023 approved the change of financial year end of the Company from 31 March to 30 September due to the restructuring plan of the Company.

———————————————
Who still remember this announcement mentioning restructuring? Rumours that big shots taking over? Stay tuned.

Rainman whats for dinner later today?

Hahahaahhaaha, i see you losing confidence going down the list

Apa lagi announcement? RI, ESOS, M&A under performing company…

Rainman whats for lunch later today?

Had your coffee too?