Note 1: Q1 FY2025 vs Q1 FY2024

For the current financia lquarter under review, the Group achieved a revenue of RM4.785 million, making a significant decrease of RM25.434 million or 84% as compared to RM30.219 million in the preceding year corresponding quarter. The decreased in revenue for the current quarter was mainly due to no operation of electronics & system intergration and slowdown of sales from watch operation.

For the current quarter and year-to-date ended 30.9.2024, the Group recorded aloss before tax of RM2.447 million, making a significant increase of loss approximately RM1.717 million or more than100% as compared to loss before tax of RM0.73million. Malaysia operation reported high loss as the only income was generated from food and beverage segment which it's commenced business on mid of Aug2024. There was no income from electronics & system intergration as the project was completed towards the end of the financial year ended 30June2024 and no new project sincet hen. In addition,the weaken of Malaysia Ringgit against Hong Kong Dollar contributes to increase of unrealised loss on foreign balances of the Group approximately RM3 million.

Note 2: Q1 FY2025 vs Q4 FY2024

The Group posted a revenue of RM4.785 million as compared to RM0.726 million in the preceding quarter, a increase of RM4.059 million. The main reason for the increase of revenue recorded in the first quarter primarily due to increase of sales from watch operation as compared to preceding quarter where at that time th ecustomer's response to the prevailing economic downturn, purchasing power reduced.

The Group recorded a loss before tax of RM2.447 million compared to profit before tax of RM1.025 million in the preceding quarter, a decrease in profit before tax approximately RM3.472 million. The decrease in profit before tax mainly due to unrealised loss on foreign exchange of RM3.05 million in this quarter as compared to unrealised gain from foreign exchange amounting to RM6.77 million recognised in preceding quarter as a result from weaken Malaysia Ringgit against Hong Kong Dollar in current quarter. However, the impact of the decrease in profit before tax was reduced as there is impairment loss on receivables amounting to RM2.09 million provided in the preceeding quarter.

Note: Prospects

From the past experience, the Group has shown a positive growth in its trading of watches business, as such the Group shall continue to focus on consolidating its existing business to stregthen its presence in the watches industry, upgrading and enhancing the e-commerce platform to improve sales performance of watches trading segment. The Group is also planning to set-up sales gallery of watches inMalaysia, at the same time to improve it se-commerce platform to deliver better user experience and increase customer satisfaction.

The Group is ventured into new market by incorporate andcommenced Food & Beverage restaurant, namely Mojoe F&B Restaurant in Malaysia. Addtionally, the Group has entered into a Project Management Contract to serve as the Project Management Company for the proposed development of hotel and golf course in PulauLangkawi. The Board believes that these business will generate positive cash flow for the Group and contribute to enhancing shareholders' value.

Base on my BRIEF study on the QR1 2025 (The latest QR) of Itronic:

(Note: A comparative figures from QR4 2024 included)

A: Revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
4,785K -2,447K -2,142K -0.3 sen 4 sen Down 307% Down 193%

B: Revenue up from the last quarter but net loss widened.

C: Sitting on increasing negative reserve of (RM 15,994,682).

D: Not a cash rich company with cash and cash equivalents of RM 61,503 .

E: Total assets > Total liabilities, Total current assets > Total current liabilities, and has a small non-current liabilities only @ RM 782,070.


THE FINDINGS:

1. NTA 4 sen _ , QR4 2024 @ 4 sen.
2. NOSH 707.59 mil. _ , QR4 2024 @ 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR4 2024 @ RM 43,472,963
Reserves / (accumulated losses) (RM 15,994,682) _ , QR4 2024 @ (RM 13,745,834)
Shareholders' funds RM 27,478,281 _ , QR4 2024 @ RM 29,727,129
TOTAL EQUITY RM 27,478,281 _ , QR4 2024 @ RM 29,727,129

4. Cash and Cash Equivalent:
Cash and bank balances RM 61,503 _ , QR4 2024 @ 80,910

5. Assets:
Current Assets RM 61,880,270 _ , QR4 2024 @ RM 64,012,057
Non-current Assets RM 8,762,286 _ , QR4 2024 @ RM 9,264,729
Assets held for sale RM 0.00 _ , QR4 2024 @ RM 5,009,425
TOTAL ASSETS RM 70,642,556 _ , QR4 2024 @ RM 78,286,211

6. Liabilities:
Current Liabilities RM 42,382,205 _ , QR4 2024 @ RM 47,479,618
Non-current liabilities RM 782,070 _ , QR4 2024 @ RM 1,079,464
TOTAL LIABILITIES RM 43,164,275 _ , QR4 2024 @ RM 48,559,082

7. QR1 2025 results
- Revenue RM 4,785,119 _ , QR4 2024 @ RM 725,737
- Gross profit / (loss) RM 121,904 _ , QR4 2024 @ (RM 446,643)
- Profit before tax/(LBT) (RM 2,477,000) _ , QR4 2024 @ RM 1,025,000
- Net profit/(Net loss) (RM 2,142,000) _ , QR4 2024 @ RM 1,036,656

As expected.

Recorded a gross profit of RM 1.5 million, but the profit was "eaten" by the fair value loss on investment in quoted shares of RM 10.367 million! TAYOR

Note 1: Q3 FY2024 vs Q3 FY2023

For the current quarter ended 30 September 2024 (Q3FY24), the Group registered a higher revenue of RM30.467 million, a marginal increase of RM1.829 million or 6.39% from the corresponding quarter in the preceding year (Q3FY23).

The Group posted revenue of RM30.467 million, mainly contributed by the orders delivered from the trading and retail segment of medical peripherals and accessories, medical devices, healthcare and pharmaceuticals. Geographically, the local market remains as the largest revenue contributor at RM19.415 million or 63.72% of the group revenue where the remaining revenue of RM11.053 million (Q3FY23 : RM3,704 million) or 36.28% of the group revenue was generated from exports, mainly from another Asian region.

The Group reported a gross profit of RM6.588 million and a gross profit margin of 21.62% for the current financial period. In Q3FY23, the Group reported a gross profit of RM9.349 million and gross profit margin of 32.64%. The reduction of 11.02% in the gross profit margin is primarily attributed to higher material costs and loss from pharmacy operations.

The Group posted a LBT of RM17.397 million (Q3FY23 : RM7.038 million) for the current financial period mainly due to losses in the fair value on investment in quoted shares of RM10.367 million (Q3FY23 : RM6.108 million), depreciation and lease expense of RM3.841 million (Q3FY23 : RM2.542 million), interest expense of RM1.247 million (Q3FY23 : RM0.411 million) and impairment loss on glove inventories of RM1.253 million.

Note 2: Q3 FY2024 vs Q2 FY2024

Revenue for the current quarter increased by RM1.450 million or 14.94% as compared to the preceding quarter (Q2FY24) mainly due to increased sales of medical peripherals and accessories, medical devices, healthcare and pharmaceuticals in the current quarter.

The Group registered a loss before tax of RM7.927 million in the current financial quarter as compared to a loss before tax of RM2.243 million in Q2 2024 mainly due to higher impairment loss on trade receivables of RM0.706 million (Q2FY24 : RM0.169 million), losses in the fair value on investment in quoted shares of RM3.582 million (Q2FY24 : RM2.058 million) and impairment on glove inventories of RM1.253 million. The current quarter’s losses in the pharmacy segment were RM1.305 million. Excluding losses of the pharmacy business, the EBITDA for the medical/healthcare beds, medical peripherals and accessories was positive at RM1.463 million.

Base on my BRIEF study on QR3 2024 (The latest QR) of LKL:

(Note: A comparative info from QR2 2024 included)


The summary on the company from QR3 2024:
A: Revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
11,166K -7,927K -7,926K -2.04 sen 0.40 sen Down 232% Down 849%

B. Still sitting on an increasing negative reserve of RM 56,568,000.

C: A cash rich company with a RM 25,582,000 cash and cash equivalent.

D. Total assets > Total liabilities (Reduced total liabilities).
Total current assets > Total current liabilities: Means still has a low indebtedness risk.


THE FINDINGS

1. NTA 40.0 sen _ , QR2 2024 @ 42.0 sen
2. NOSH 388.06 mil _ , QR2 2024 @ 388.06m

3. EQUITY
Share capital RM 240,262,000 _ , QR2 2024 @ RM240,262,000
Merger deficit (RM 29,580,000) _ , QR2 2024 @ (RM29,580,000)
Accumulated losses (RM 56,568,000 ) _ , QR2 2024 @ (RM 48,642,000 )
Equity attributable to
owners of the Company RM 154,114,000 _ , QR2 2024 @ RM 162,040,000
Non-controlling interests ( RM 624,000) _ , QR2 2024 @ (RM 623,000)
TOTAL EQUITY RM 153,490,000 _ , QR2 2024 @ RM 161,417,000

4. Cash and cash equivalent:
Fixed deposit with licensed bank RM 20,884,000 _ , QR2 2024 @ RM 20,681,000
Cash and bank balances RM 4,698,000 _ , QR2 2024 @ RM 4,548,000

5. Assets:
Non-current Assets RM 122,821,000 _ , QR2 2024 @ RM 124,398,000
Current Assets RM 65,441,000 _ , QR2 2024 @ RM 67,277,000
TOTAL ASSETS RM 188,262,000 _ , QR2 2024 @ RM 191,675,000

6. Liabilities:
Non-current liabilities RM 10,490,000 _ , QR2 2024 @ RM 8,217,000 Current Liabilities RM 24,282,000 _ , QR2 2024 @ RM 22,041,000

TOTAL LIABILITIES RM 34,772,000 _ , QR2 2023 @ RM 30,258,000

7. QR3 2024 Results

Revenue RM 11,166,000 _ , QR2 2024 @ RM 9,716,000

Profit before tax / (Loss) (RM 7,927,000 ) _ , QR2 2024 @ ( RM 2,243,000)

Net profit / (Net loss) (RM 7,926,000 ) _ , QR2 2024 @ ( RM 2,389,000 )

Note 1: YoY

The Group’s revenue for the current financial quarter ended 30 September 2024 has decreased by RM11.71 million or 34.94% to approximately RM21.80 million as compared to approximately RM33.51 million in the preceding year corresponding quarter ended 30 September 2023.

For the financial period ended 30 September 2024, the Group’s revenue has decreased by RM7.52 million or 8.72% to approximately RM78.72 million as compared to approximately RM86.24 million in the preceding corresponding financial period ended 30 September 2023.
The lower revenue was mainly attributed to the lower sales volume from North and South America.

The Group registered a loss before tax of approximately RM1.48 million for the current financial quarter ended 30 September 2024 as compared to loss before tax of approximately RM0.45 million for the preceding year corresponding quarter ended 30 September 2023.

The loss before tax was mainly due to the lower revenue generated and the weakening of United States Dollar (“USD”) against the RM resulting in a loss on foreign exchange of RM1.51 million during the current financial quarter.

For the current financial period ended 30 September 2024, the Group registered a profit before tax of approximately RM6.30 million as compared to profit before tax of approximately RM4.41 million for the preceding corresponding financial period ended 30 September 2023.

The higher profit before tax, despite a decline in revenue, was mainly attributed to the absence of an impairment loss on a trade receivable of RM8.00 million for the preceding corresponding financial period ended 30 September 2023.

Note 2: QoQ

For the current financial quarter ended 30 September 2024, the Group’s revenue has decreased by RM0.43 million or 1.91% to approximately RM21.80 million as compared to approximately RM22.22 million in the preceding financial quarter ended 30 June 2024. The lower revenue was mainly attributed to the lower sales volume.

The Group registered a loss before tax of approximately RM1.48 million for the current financial quarter ended 30 September 2024 as compared to a profit before tax of approximately RM2.21 million for the preceding financial quarter ended 30 June 2024. The loss before tax was mainly due to the weakening of United States Dollar (“USD”) against the RM resulting in a loss on foreign exchange of RM1.51 million and incurrence of exhibition expenses of RM0.41 million during the current financial quarter.

Note 3: Prospects

The Group confronts global economic uncertainties, increased production costs, and foreign currency fluctuations.

Despite the challenging global economic outlook, the Board will regularly review the performance and progress of the Group’s operations and financial performance as well as introduce measures to minimise our operating costs. The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.

Base on my BRIEF study on the QR3 2024 (The latest QR) of Wegmans:

(Note: A comparative figures from QR2 2024 included)


A: Revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
21,798K -1,477K -1,189K -22sen 24sen Down 177% Down 40%

B: Sitting on positive reserve / Retained profits of RM 84,110,000. It means, the company is a profitable company.

C: Has a moderate cash and cash equivalents of RM 16,495,000.

D. Total assets > Total liabilities, Total current assets > Total current liabilities, and its total current liabilities below 50% of its current assets – Means has a low indebtedness risk.


THE FINDINGS:

1. NTA 24 sen _ , QR2 2024 @ 24 sen.
2. NOSH 550.04 mil _ , QR2 2024 @ 550.04 mil.

3. EQUITY
Share Capital RM 68,155,000 _ , QR2 2024 @ RM 68,155,000
Treasury shares (RM 94,000) _ , QR2 2024 @ (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR2 2024 @ (RM 22,100,000)
Retained profits RM 84,110,000 _ , QR2 2024 @ RM 85,299,000
Equity Attributable To Owners Of The Company RM 130,071,000 _ , QR2 2024 - RM 129,707,000
Non-Controlling Interest RM 1,669,000 _ , QR2 2024 @ (RM 1,621,000)
TOTAL EQUITY RM 131,740,000 _ , QR2 2024 @ RM 132,881,000

4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM 16,495,000 _ , QR2 2024 @ RM 18,387,000

5. Assets:
Current Assets RM 66,114,000 _ , QR2 2024 @ RM 69,307,000
Non-current Assets RM 117,213,000 _ , QR2 2024 @ RM 113,923,000
TOTAL ASSETS RM 183,327,000 _ , QR2 2024 @ RM 183,230,000

6. Liabilities:
Current Liabilities RM 23,849,000 _ , QR2 2024 @ RM 21,879,000
Non-current liabilities RM 27,738,000 _ , QR2 2024 @ RM 28,470,000
TOTAL LIABILITIES RM 51,587,000 _ , QR2 2024 @ RM 50,349,000

7. QR3 2024 results
- Revenue RM 21,798,000 _ , QR2 2024 @ RM 22,223,000
- Profit before tax /(loss) ( RM 1,477,000 ) _ , QR2 2024 @ RM 2,206,000
- Net profit/ (Net loss) ( RM 1,189,000 ) _ , QR2 2024 @ RM 1,553,000

Delist????
Why???
Anyways: Look on it equity aspects, its still quite healthy.
.....3. EQUITY
Share Capital RM 84,495,000 _ , Q2 2024 @ RM 84,495,000
Reserves / accumulated profit RM 65,986,000 _ , Q2 2024 @ RM 76,024,000
Shareholders’s equity RM 150,481,000 _ , Q2 2024 @ RM 160,519,000
Non-Controlling Interest (RM 331,000) _ , Q2 2024 @ (RM 331,000)
TOTAL EQUITY RM 150,150,000 _ , Q2 2024 @ RM 160,188,000

The company's problem: Has a capital deficiency around RM100 mil.

Prospects: The Group is actively addressing the ongoing PN17 issues and is currently looking into and developing a proposed regularisation plan to improve its financial conditions and performance.
I think if the recovery of the awarded sum of RM 252.8 million successfully done, the problem of PN17 will be solved.

Unperformed one???

On behalf of the Company, Kenanga Investment Bank Berhad wishes to announce that Bursa Securities had, via its letter dated 15 November 2024, resolved to grant the Company a further extension of time of 6 months up to 30 April 2025 to submit its regularisation plan to the relevant regulatory authorities for approval.

Base on my BRIEF study on the QR3 2024 of Zelan:

(Note: A comparative figures from QR2 2024 included)

Summary:

The company

A: Revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
13,679K (20,029K) (21,437K) -2.54sen 18sen Down 2413% Down 16648%

B: Sitting on reducing positive reserve of RM 65,986,000.

C: Recorded a big net loss after recorded profit for FIVE quarters of the last SIX latest quarters.

D: Not a cash rich company.

E: Total assets > Total liabilities, Total current assets > Total current liabilities,

F: In the process of settling the PN17 issues.

The Group is actively addressing the ongoing PN17 issues and is currently looking into and developing a proposed regularisation plan to improve its financial conditions and performance. To assist with this, the Group has engaged an advisor to give professional advice and assistance during its restructuring initiatives.

On 25 October 2024, the Group submitted a further extension of time application to Bursa Securities for nine (9) months i.e up to 31 July 2025 to submit the Group’s Regularisation Plan to Bursa Securities. This request is contingent upon the resolution of key legal matters that impact the Group's financial position and ongoing negotiations with potential investors.


THE FINDINGS:

1. NTA 18 sen _ , Q2 2024 @ 19 sen
2. NOSH 844.92 mil _ , Q2 2024 @ 844.92 mil.

3. EQUITY
Share Capital RM 84,495,000 _ , Q2 2024 @ RM 84,495,000
Reserves / accumulated profit RM 65,986,000 _ , Q2 2024 @ RM 76,024,000
Shareholders’s equity RM 150,481,000 _ , Q2 2024 @ RM 160,519,000
Non-Controlling Interest (RM 331,000) _ , Q2 2024 @ (RM 331,000)
TOTAL EQUITY RM 150,150,000 _ , Q2 2024 @ RM 160,188,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 2,810,000 _ , Q2 2024 @ RM 2,923,000

5. Assets:
Non-current Assets RM 405,002,000 _ , Q2 2024 @ RM 421,665,000
Current Assets RM 308,033,000 _ , Q2 2024 @ RM 331,461,000
TOTAL ASSETS RM 713,035,000 _ , Q2 2024 @ RM 753,126,000

6. Liabilities:
Non-current liabilities RM 364,940,000 _ , Q2 2024 @ RM 380,682,000
Current Liabilities RM 197,945,000 _ , Q2 2024 @ RM 212,256,000
TOTAL LIABILITIES RM 562,888,000 _ , Q2 2024 @ RM 592,938,000

7. QR3 2024 results :
- Revenue RM 13,679,000 _ , Q2 2024 @ RM 11,651,000
- Gross profit RM 5,565,000 _ , Q2 2024 @ RM 5,628,000
- Profit before tax (RM 20,029,000) _ , Q2 2024 @ RM 1,698,000
- Net profit / (Net loss) (RM 21,437,000) _ , Q2 2024 @ RM 927,000


Note 1

The Group reported a loss before zakat and taxation (“LBZT”) of RM20.0 million in the current quarter under review compared to a profit before zakat and taxation (“PBZT’) of RM0.3 million in the corresponding quarter of FY2023.

The decrease in PBZT is mainly due to the unrealised foreign exchange translation loss of RM22.2 million as compared to the unrealised foreign exchange translation loss of RM0.2 million in the same quarter of FY2023.

(b) Trade receivables
The efforts towards the recovery of the awarded sum of RM 252.8 million continue. The Group is actively pursuing recovery action and collaborating with solicitors. Recent developments indicate that diplomatic channels have been engaged to expedite this recovery.

(a) Practice Note 17 (“PN 17”)
On 2 May 2024, Bursa Securities granted an extension of time of six (6) months up to 31 October 2024 to submit its regularisation plan to the relevant regulatory authorities. On 25 October 2024, Kenanga Investment Bank Berhad submitted, on behalf of Zelan Berhad, an application for a second extension of time for 9 months, until 31 July 2025, to allow for the formulation of the Proposed Regularisation Plan. This request is contingent upon the resolution of key legal matters that impact the Company's financial position and ongoing negotiations with potential investors.

If not, they have to pick other fund raising exercises such as RI or ESOS in order to solve a capital deficiency of RM100 mil. TAYOR

--- (b) Trade receivables

The efforts towards the recovery of the awarded sum of RM252.8 million are still ongoing. The Group is still pursuing the recovery action and working closely with the solicitors and other relevant authorities both in Abu Dhabi, United Arab Emirates and Malaysia to assist on the recovery of the awarded sum.
---------
Are they delaying for this reason????
Buy for more time... in order to make this recovery action successfull.
I think if this recovery action can successfully done, the problem will be solved.

On behalf of the Company, Kenanga Investment Bank Berhad wishes to announce that an application for a further extension of time of 9 months up to 31 July 2025 to submit a regularisation plan to Bursa Securities has been submitted to Bursa Securities on 25 October 2024.

No good news... Means a bad news???

Have no idea.... Anyone. Any news???

PETALING JAYA: PN-17 company Zelan Bhd has appointed Mohd Ariff Abd Samat, 42, as its chief executive officer (CEO), after terminating the contract of its previous CEO, Hazimi Baharum, in June last year.

In a filing with Bursa Malaysia, Zelan said Mohd Ariff was group chief operating officer at Sarawak Consolidated Industries Bhd until July 2023, prior to joining Zelan.

“Mohd Ariff has over 18 years in key positions of internal audit, accounts and reporting and business planning and budgeting in the oil and energy industry during his tenure with PETRONAS, UMW Corp Sdn Bhd, Boustead Petroleum Marketing Sdn Bhd and KPMG Malaysia.”

Zelan was categorised as a PN17 company in May last year after its external auditor Nexia SSY PLT expressed a disclaimer of opinion on its audited financial statements for the financial year ended Dec 31, 2022.
-------------
Note:
With the extension of time granted by Bursa Securities until 31 October 2024, the Company has approximately one month to submit its regularisation plan to Bursa Securities for approval to implement the same.

### Hoping for a good news from the management/insiders. TAYOR

As at 2 April 2024, MMC Corp is a single substantial shareholder @ Zelan:

MMC CORPORATION BERHAD with 331,580,079 shareholding (39.244 %)

With the extension of time granted by Bursa Securities until 31 October 2024, the Company has approximately two (2) months to submit its regularisation plan to Bursa Securities for approval to implement the same.



The Company will make the necessary announcement(s) regarding the development of the proposed regularisation plan accordingly.

._______.

The old ponda.man OKU_2020 is continously in partying.... Goyang , goyang sampai keluar angin... He He He.

My plan, will look @ the incoming QR3 2024...
Will make decision based on the qr results - whether to keep investing or fully out from this counter. TAYOR

Section 205 of CMSA – Manipulation of Price of Derivatives and Cornering
No person shall, directly or indirectly manipulate or attempt to manipulate the price of derivatives that may be dealt in on a derivatives market, or of any underlying instrument which is the subject of such derivatives or corner, or attempt to corner, any underlying instrument which is the subject of a derivative.

Illustration 10 - Scalping
The person trading is also responsible for giving buy or sell recommendations, e.g. purchases a security before recommending the security, and then sells the security at a profit upon the rise in the market price following the recommendation.

@one_trader...
----
SC turut memberi amaran kepada pengendali webinar, seminar, media sosial dalam talian, dan bilik sembang aplikasi pesanan yang lain agar berhenti menjalankan aktiviti nasihat pelaburan tanpa lesen. SC memantau rapi perkara ini dan, sekiranya wajar, akan mengambil tindakan terhadap mereka yang melanggar undang-undang sekuriti.

Orang ramai juga diminta agar melaporkan kepada SC sekiranya mereka telah dihubungi oleh individu tidak berlesen yang menawarkan nasihat pelaburan modal di Aduan@seccom.com.my atau hubungi talian + 603-6204 8999.

@one_trader. Do not play-play like this if your info is not correct....

Anyways, when the dark clouds settle...
I am expecting for the next cycle of GORENG for Kanger......
For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done.
TAYOR

Dear OKU_2020. Enough is enough... The old ponda.man is getting vibrated.... Goyang , goyang sampai keluar angin... He He He..
-------
Anyways....

@OKU_2020. Cut loss half...
Have a plan to buy it back @ lower price.

Anyways, when the dark clouds settle...
I am expecting for the next cycle of GORENG for Kanger......
For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done.
TAYOR

6 days ago
--------
As I said, their integrity is in doubt!!!!!
My plan, will look @ the incoming QR3 2024...
Will make decision based on the qr results - whether to keep investing or fully out from this counter. TAYOR

3 days ago

Thanks @BoonBoon69...

My plan: keep monitoring...
Try to accumulate some shares @ the lowest price which I can get. TAYOR

If we have any concrete evidences, we can report those illegal acts....

Actually, insiders or any person with insiders information can have details of any illegal acts done by company's management...
We minority shareholder have limited information. It's only from what we get from the announcements by the company....

They have the power in the board and also have the power in sort of voting power in AGM or EGM....
All of their decisions and tai chi acts will be legalised!!!!!

As per what has been done @ Nexgram....

Management will do it according to the law and procedures...
But, their integrity which is in doubt is refering to management efficiency and management accountability to the company's minority shareholders... TAYOR

As I said, their integrity is in doubt!!!!!
My plan, will look @ the incoming QR3 2024...
Will make decision based on the qr results - whether to keep investing or fully out from this counter. TAYOR

integrity in doubt.... TAYOR...

Another Nexgram No. 2 in the making???

Full of Tai chi acts, this management of Kanger!!!!!

MZM2511

It must be good if there is any new substantial shareholder could emerge.... Just a hope..

1 month ago

--------------------

DATO' LEONG SIR LEY, a substantial shareholder of Yong Tai's appointed as an Itronic director....

Expect something can be happened here.... TAYOR

@OKU_2020. Cut loss half...
Have a plan to buy it back @ lower price.

Anyways, when the dark clouds settle...
I am expecting for the next cycle of GORENG for Kanger......
For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done.
TAYOR

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD

DATUK CHU BOON TIONG Executive Director
No of Securities Held 1,926,360
------------
Towards incoming QR4 2024 @ the end of August.....

This director want to acquire or want to sell his shares?????
He has just a few shares left, is it possible for him to SELL all his shareholding???
By the way, he is an EXECUTIVE DIRECTOR of this company...

Already don't know what to expect.... Hope for the best... TAYOR

On behalf of the Board, UOBKH wishes to announce that it had, on 30 July 2024, submitted the application to Bursa Securities to seek its approval for an extension of time for the Company to implement and complete the Private Placement.
---------
Have to wait @ a longer time for the next cycle of GORENG for Kanger to be started???

ANEKA QR3 2024 RESULT:

(Note: A comparative info from QR2 2024 included)

1. NTA 13.17 sen _ , QR2 2024 @ 13.14 sen
2. NOSH 659.056 mil_ , QR2 2024 @ 652.6 mil.

3. EQUITY
Share capital RM 143,892.000 _ , QR2 2024 @ RM 143,032,000
Reorganisation reserve (RM76,342,000) _ , QR2 2024 @ (RM76,342,000)
Exchange reserve RM327,000_ , QR2 2024 @ RM88,000
Retained earnings RM19,557,000 _ , QR2 2024 @ RM18,997,000
Shareholders’ fund RM86,780,000_ , QR2 2024 @ RM85,772,000
Non-controlling interests RM 7,535,000_ , QR2 2024 @ RM 7,840,000
TOTAL EQUITY RM94,315,000_ , QR2 2024 @ RM93,612,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 18,022,000_ , QR2 2024 @ RM 12,703,000

5. Assets:
Non-current Assets RM 68,958,000_ , QR2 2024 @ RM 70,786,000
Current Assets RM 148,166,000_ , QR2 2024 @ RM 175,078,000
TOTAL ASSETS RM 217,124,000_ , QR2 2024 @ RM 245,864,000

6. Liabilities:
Non-current liabilities RM 15,394,000_ , QR2 2024 @ RM 15,978,000
Current Liabilities RM 107,415,0000_ , QR2 2024 @ RM 136,274,0000
TOTAL LIABILITIES RM 122,809,000_ , QR2 2024 @ RM 152,252,000

7. QR3 result:
Revenue RM41,846,000 _ , QR2 2024 @ RM 54,218,000

Gross profit RM 4,362,000_ , QR2 2024 @ RM 4,715,000

Profit / (loss) before tax RM 745,000_ , QR2 2024 @ RM 787,000

Net profit RM 562,000_ , QR2 2024 @ RM 121,000


Note 1:

In 3Q24, the Group recorded RM41.85 million in revenue, marking a slight increase of RM0.60 million compared to the preceding year's quarter ended 31 May 2023 (3Q23), when the Group recorded revenue of RM41.25 million. The Group’s gross profit rose by RM2.84 million, reaching RM4.36 million, compared to the gross profit of RM1.52 million in 3Q23.

The Group had generated other income of RM0.96 million in 3Q24. This amount included a gain on sale of machinery of RM0.85 million, with the balance arising from interest income and rental of premises. Additionally, the Group had incurred total administrative expenses of RM3.53 million.

The Group also incurred financing costs of RM1.05 million in 3Q24. On the other hand, total tax expenses amounted to RM0.20 million.

Lastly, the Group achieved a profit after tax of RM0.55 million for the current quarter, an improvement of RM3.41 million compared to the loss after tax of RM2.86 million incurred in 3Q23.

Note 2:

For 3Q24, the Group’s revenue decreased by RM12.37 million, from RM54.22 million in the immediate preceding quarter ended 29 February 2024 (2Q24) to RM41.85 million. The Group’s gross profit also saw a slight decline, reaching RM4.36 million in 3Q24, compared to RM4.72 million in 2Q24. The Group achieved a profit before tax and profit after tax of RM0.75 million and RM0.55 million respectively, marking a slight reduction compared to the profit before tax and profit after tax of RM0.79 million and RM0.55 million in 2Q24.

Note 3: Prospects

As at 31 May 2024, the Group’s total order book stood at RM231.38 million. This order book is further strengthened by the recent contracts awarded totalling RM65.88 million secured after 31 May 2024. The Group aims to maintain this momentum and will remain steadfast in securing new projects to replenish its order book and improve revenue visibility.
However, the Group is also cautious of the impact of the recent removal of Malaysia’s diesel subsidy on the prices of construction materials. Management will monitor and manage its impact accordingly.

Base on my BRIEF study on QR3 2024 of ANEKA:

A: The company recorded a slight increased net profit for the current QR3 2024, compared to QR2 2024.

B. Recorded Net Profit (TTM) amounting RM2.55 milion, EPS (TTM) 0.38 sen;

C. Recorded FOUR quarters consecutively with profit.

D. Still sitting on accumulated profit.

E: Project oderbook is sufficient for the continuing operations and generating revenue for short term.

Thanks @KylieTan for reminding me about the incoming QR3 2024 that we are waiting for at the end of this month. It's not QR2 2024. He He He...

Base on my BRIEF study on QR2 2024 of ANEKA:

A: The company recorded a reduced net profit for the current QR compared to QR1 2024. Recorded three quarters consecutively with profit.

B. Still sitting on accumulated profit.

B: Project oderbook is sufficient for the continuing operations and generating revenue for short term.


THE FINDING:

1. NTA 13.14 sen
2. NOSH 652.6 mil.

3. EQUITY
Share capital RM143,032,000
Reorganisation reserve (RM76,342,000)
Exchange reserve RM88,000
Retained earnings RM18,997,000 – (Still sitting on accumulated profit)
Shareholders’ fund RM85,772,000
Non-controlling interests RM7,840,000
TOTAL EQUITY RM93,612,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 12,703,000

5. Assets:
Non-current Assets RM 70,786,000
Current Assets RM 175,078,000
TOTAL ASSETS RM 245,864,000

6. Liabilities:
Non-current liabilities RM 15,978,000
Current Liabilities RM 136,274,0000
TOTAL LIABILITIES RM 152,252,000

7. QR2 result:
Revenue RM 54,218,000
Gross profit RM 4,715,000
Profit / (loss) before tax RM 787,000
Net profit RM 121,000

Note 1:
In 2Q24, the Group generated revenue of RM54.22 million, representing an increase of RM11.24 million compared to the preceding year's quarter ended 28 February 2023 (2Q23), during which the Group registered revenue of RM42.98 million. The Group saw its gross profit improve by RM4.32 million, achieving a gross profit of RM4.72 million compared to the gross profit of RM0.40 million in 2Q23.
Additionally, the Group generated other income of RM0.33 million in 2Q24. This amount comprised a debt recovery totalling RM0.22 million, with the remainder derived from interest income and rental of premises. The Group incurred total administrative expenses of RM3.32 million.
Regarding financing costs, the Group incurred a total of RM0.94 million in 2Q24. The Group's total tax expenses stood at RM0.24 million, solely incurred by the Group's Indonesian subsidiary, PT Aneka Jaringan Indonesia (PTAJI).
Finally, the Group generated a profit after tax of RM0.55 million for the current quarter, marking an improvement compared to the loss after tax of RM4.36 million incurred in 2Q23.

Note 2:

For 2Q24, the Group experienced a reduction in revenue of RM4.56 million, decreasing from RM58.78 million in the immediate preceding quarter ended 30 November 2023 (1Q24) to RM54.22 million. However, the Group achieved a gross profit of RM4.72 million, marking an increase of RM1.66 million compared to the gross profit of RM3.05 million in 1Q24. However, the Group's profit before tax and profit after tax decreased by RM0.74 million and RM0.84 million to RM0.79 million and RM0.55 million, respectively, in 2Q24.

Note 3: Prospects

For our construction operations, we will continue to leverage our existing order book of RM233.16 million as at 29 February 2024 and focus on the timely completion of ongoing projects.
PT. Aneka Jaringan Energy (PTAJE), our renewable energy subsidiary in Indonesia had in 2Q24, secured its first engineering, procurement, construction, and commissioning (EPCC) project of RM0.48 million in value. We remain optimistic on the subsidiary’s prospects and will continue to tender for EPCC jobs to secure its foothold in Indonesia.

(b) Trade receivables



The efforts towards the recovery of the awarded sum of RM252.8 million are still ongoing. The Group is still pursuing the recovery action and working closely with the solicitors in Abu Dhabi, United Arab Emirates to recover the awarded sum.

Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3460497

Even the worst BPuri still surviving and kicking... He He

3. EQUITY
Share Capital RM 433,234,000
Reserves / (accumulated losses) (RM 206,530,000)
Shareholders’s equity RM 226,704,000
Non-Controlling Interest RM 0
TOTAL EQUITY RM 226,704,000
---------
Mid-term still safe... Has rooms for improvement... TAYOR

It must be good if there is any new substantial shareholder could emerge.... Just a hope..