The proposed PP has been approved by EGM... Later, the company needs to determine an issue price for the PP shares.... It will depend on insiders / management of the company to set it at around 5.5 sen or higher....

The PP shares has been set up @ 8 sen. Monitor the price movement before they do the PP.

Resolve the PN17 issue, and I think it could be pushed to the higher price...

Happy Raya Puasa
to OKU_2020 and fellow Kangerian

Without hope, OKU_2020 and his followers are dying... He He He

Playing this stock, you have to be patient... Including being patient with people like OKU_2020...

Always negative on his targeted counter... But still pon danly rocking and supposedly going fishing?

Keep monitoring. Buy low, sell high. Accumulating. He He he

Mark MY words...
Berdasarkan sedikit pengalaman saya,,,, BPuri juga akan ikut seperti sejarah kebanyakan syarikat lain yang mengadakan share consolidation..... Kalau tidak kenapa insider lari hanya pada harga 4 sen???

BPuri is preparing to do share consolidation.....
In my experiences @Kanger, Trive and Nexgram, before consolidation, the price will drop a lot from the indicative price made in the proposal. BPuri lowest price 2.5 sen...)

HISTORY WILL REPEAT ITSELF...

8 SEN IS EXPENSIVE

5 SEN IS MODERATELY EXPENSIVE

What is my justification??
A director sold 20,000,000 of shares just @5 sen.
In addition Maju Offshore sold 100,000,000 shares @4 sen only.
NTA is merely @ 2.2 sen only.
Four years in losses..

The right price before consolidation I expect only around 2.5 sen to 4.5 sen sahaja.

The price is stabilising @5.5 sen - 6.5 sen.

Wait for them to goreng... Maybe the probable causes are:

1. QR announcement at the end of this month (As expected, the latest QR show us a better result), or

2. Company intention to set the price of shares for their proposed PP (for this cause, the time is nearer as the BURSA already resolved to approve the listing of and quotation for up to 180,306,505 new Kanger Shares to be issued pursuant to the Proposed Private Placement, subject to some conditions to be followed by Kanger, and the illustrative issue price of the Placement Shares is assumed at RM0.055 per Placement Share), or

3. Any other positive development..

@Noobie123..
Without hope, we are dying... He He He

Base on my BRIEF study on the QR4 2023 of Zelan:

Summary:

The company

A: Sitting on poisitf reserve of RM70,837,000.

B. Recorded net profit for THREE of FOUR last four latest quarters.

C. Not a cash rich company.

D. Total assets > Total liabilities, Total current assets > Total current liabilities,
Net current asset / Liabilities = RM 101,915,000 and
Total assets less current liabilities = RM 553,452,000

E. In the process of settling the PN17 issues.
The Company has approximately two (2) months to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same and will make the necessary announcement on the regularisation plan in accordance with the requirements under PN17.


THE FINDINGS:

1. NTA 18 sen (up from 11 sen @ last QR3 2023.
2. NOSH 844.92 mil.

3. EQUITY
Share Capital RM 84,495,000
Reserves / accumulated profit RM 70,837,000
Shareholders’s equity RM 155,332,000
Non-Controlling Interest (RM 331,000)
TOTAL EQUITY RM 155,001,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 8,335,000

5. Assets:
Current Assets RM 317,215,000
Non-current Assets RM 451,537,000
TOTAL ASSETS RM 768,752,000

6. Liabilities:
Current Liabilities RM 215,300,000
Non-current liabilities RM 398,451,000
TOTAL LIABILITIES RM 613,751,000

7. QR4 2024 results :
- Revenue RM 10,117,000
- Gross profit RM 4,757,000
- Net profit RM 49,129,000


Note: Prospects

The group is on the process of resolving the ongoing PN17 issues. The group is continously looking for projects / contracts via tendering and commercial discussion and is cautiously optimistic of the future prospects of the group.

8. Fundamental data ended 31.12.2023

Net Profit (TTM) 65.57m
EPS (TTM) 7.76
P/E Ratio 0.84
Net Cash (RM) -402.58m
Free Cash Flow (cent) 63.94m (7.57)
Debt/Asset Ratio 53%

Yes... Bought in some..

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvestment in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

fl888
…now PP at 5.5cts to develop Ijok
------

5.5 cents is just their ilustrative price... stated in their proposal.
As I said, actually it depend on management / insiders to set the PP issue price.... At below 5.5 sen, at 5.5 sen or higher than 5.5 sen. We will see it later.... TAYOR

Land = GDV – ((Construction + Fees) + Profit)
8.5 mil = 46 mil - ( (36 mil) + 1.5 mil)
Yes, by theory the profit margin is too slim.

But, the GDV calculated based on current property sales price and recent transaction in the area. The construction is envisaged to commence during the first quarter of 2025 after obtaining the approved development order for the commercial components of the Lands. The project also will take times to a completion.

Hope that at the time of project completion, the said properties valuation could increase and the company can sell it with a better price and with a better margin. TAYOR

@Peace99.

Answer for question no. 1:
They announced the land acquisition of the lands.

Refer: OTHERS Kanger International Berhad ("Kanger" or "Company") and its subsidiary companies ("Group") - Proposed Acquisition of Properties by the Company
via https://www.malaysiastock.biz/Company-Announcement.aspx?id=1253264

Answer for question no. 2:

As specified in the company announcement, the contruction cost will be RM36 mil.
I think it's not include the acquisition cost of the lands.

If we refer to the meaning of construction cost, it stated that: "Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials."

Furthermore if we read the company report, it stated that:
---- the total estimated all-in construction cost for the Ijok Development is envisaged to amount to approximately RM36.00 million. The building and infrastructure works mainly comprise of 14 units of 2-storey semi-detached shop, a 2-storey office, an electrical substation (double chamber) and sewage treatment plant, with an estimated built up area of approximately 95,000 square feet. The cost amounting to approximately RM36.00 million is inclusive of incidental expenses to be incurred with the building and infrastructure works such as professional consultancy fees for project planning, submission fees to authorities, as well as contingency costs to cater for fluctuations in construction material costs, overtime costs, and/ or costs due to variation in building plan design and architectural layout, civil, structural and mechanical and electrical works.

A ten years of BPuri history told us:

1. Before this, BPuri have won projects worth billion, but BPuri have lost four years in a row.
2. Since 10 years ago, BPuri's NTA from RM1.00 has become 2.2 sen... BPuri's management is really a "killer"....
3. Continously, BPuri was good at making losses and increasing NOSH only.
4. To maintain financial and operations stability, BPuri did private placements and RI.
5. To be safer from the risks of PN17, BPuri is proposing to do a share consolidation exercise.

@Konnichiwa. Sorry. Yes the AGM and EGM will be held on 26 March.

I have a plan to add some if the price is below 5.5 sen but I think the price won't revisited 3 - 3.5 sen again in the near future, especially before the completion of the proposed PP. TAYOR..

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvesting in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

@roger3210

----
...15 sen or lower... Are you targeting this prices... psttt psttt jangan menggila di sini..

4 days ago

Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

Base on my BRIEF study on the QR1 2024 of Kanger:

Summary:
The company
A: Sitting on negative reserve.

B. The revenue up .

C. New business which is sales / trading of building materials increased the company’ revenue and helped the company to be profitable.

D: Not a cash rich company.

E. Total assets > Total liabilities, Total current assets > Total current liabilities: Means still has a low indebtedness risk.

F. Has only RM 855,000 non-current liabilities: Means has more oppurtunity to take a loan to finance its future project / investment.


THE FINDINGS:

1. NTA 45.20 sen (up from 44.45 sen @ last QR6 2023.
2. NOSH 731.58 mil.

3. EQUITY
Share Capital RM 427,561,000
Reserves / (accumulated losses) (RM 139,937,000)
Shareholders’s equity RM 287,624,000
Non-Controlling Interest RM 6,135
TOTAL EQUITY RM 293,759,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 482,000

5. Assets:
Current Assets RM 209,118,000
Non-current Assets RM 117,937,000
TOTAL ASSETS RM 327,055,000

6. Liabilities:
Current Liabilities RM 32,441,000
Non-current liabilities RM 855,000
TOTAL LIABILITIES RM 33,296,000

7. QR1 2024 results :
- Revenue RM 20,691,000
- Gross profit RM 2,927,000
- Net profit RM 647,000

*** Be noted that I take the net profit figure from its QR1 2024 file reported, not from the summary given as I think there should be an error and could be ammended later by the company.

Note 1:

Revenue increase by RM13.3 million in current financial quarter ended 31 December 2023 (“Q1 2024”) as compared to the corresponding quarter ended 31 December 2022 (“Q3 2023”) which was mainly due to significantly increase in the sales generate from trading of building materials. This segment has also contributed a higher profit margin and gives rise to gross profit recorded in Q1 2024 as compare to gross loss in Q3 2023.


Note 2:

The Group recorded increase in revenue as compare to last quarter ended 30 September 2023. The increase was mainly due to increase in sales generated from trading of construction materials. However, the profit before taxation was lower than the preceding quarter because the Group has incurred higher operating expenses as compare to the preceeding quarter.


Note 3: Prospects

---(b) In organic frontiers of construction segment, our focus would be on and ensuring that the current projects and order book in hand are effectively and efficiently expedite and complete within the short and mid-term timeline thus translated it into revenue stream.
---(c) Whereas for inorganic growth of construction segment, our focus would be to on a look out for a suitable and viable merger or acquisition opportunities of an existing substantive player/s as a key leverage to multiply its operational size and volume so as to achieve certain economies of scale advantages.
---(d) This inorganic growth strategy is also applicable to our property and investment management segment whereby we continuously seek for a suitable and viable acquisition in strategic locations as to expand this segment’s contribution to the Group.

If aneka really a junk.... roger3210 won't bother be here... Goncang pokok untuk dapat buah luruh... That's roger3210 style...

...15 sen or lower... Are you targeting this prices... psttt psttt jangan menggila di sini..

pstt!!! psttt!. Orang gila talak sedang meroyan di sini.. Awas nanti berjangkit.. He He He

Revenue increase by RM13.3 million in current financial quarter ended 31 December 2023 (“Q1 2024”) as compared to the corresponding quarter ended 31 December 2022 (“Q3 2023”) which was mainly due to significantly increase in the sales generate from trading of building materials. This segment has also contributed a higher profit margin and gives rise to gross profit recorded in Q1 2024 as compare to gross loss in Q3 2023.

3. The Group recorded a positive net operating cash flow of RM31.3 million during the financial period under review.
------------
This cash flow thing also a good sign of a recovery story on Kanger..... Hope the company will be better managed...

@roger3210

Please read:

1. Price Target
Econpile Holdings - Continues to Endure Hardships; Stay SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.29
Last Price : 0.345, Upside/Downside : -0.055(15.94%)

2. Quarter Result: EconBHD
Quarter Result on 31-Dec-2023[#2] QoQ - -216.98% YoY - -518.84%.

Keep monitoring....

Lee Ying Yee

pp will kill u ??
------
Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

For illustrative purpose only, the illustrative issue price of the Placement Shares is
assumed at RM0.055 per Placement Share, which represents a discount of 9.98% to
the 5-day VWAP of Kanger Shares up to and including the LPD of RM0.0611 per
Share.

Apasal. tak sempat beli kah bila harga murah??? He He He

@roger3210..
Isteri sudah cerai... Awak masih terhegeh-hegeh "merayu" kalau boleh dapat diskaun??? He He He

Q1 Dec 23 Revenue RM20,691,000 PBT RM647,000 Net profit (loss) (RM382,000) EPS (positive) 0.06 sen NTA RM0.452 QoQ -114% YoY +82%

roger3210

bullish for construction co but not for junk company like Aneka ! Believe it or not, Econbhd 100% benefit from those mega projects but definitely not this junk, Ptaras may also get a slice of the cake. forget about this junk
---------
@roger3210...
Do you read these:

1. Price Target
Econpile Holdings - Continues to Endure Hardships; Stay SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.29
Last Price : 0.345, Upside/Downside : -0.055(15.94%)

2. Quarter Result: EconBHD
Quarter Result on 31-Dec-2023[#2] QoQ - -216.98% YoY - -518.84%.

@roger3210...
Do you read these:

1. Price Target
Econpile Holdings - Continues to Endure Hardships; Stay SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.29
Last Price : 0.345, Upside/Downside : -0.055(15.94%)

2. Quarter Result: EconBHD
Quarter Result on 31-Dec-2023[#2] QoQ - -216.98% YoY - -518.84%.

Thank you OKU_2020.

Already reentered some mother and warrant at 55% reduced quantity compared to last time. I'm wiling to hold it for medium-term investment..
Wish me good luck, OKU_2020...

Main saham ni, kena banyak sabar... Termasuk sabar dengan orang yang macam OKU_2020...

Potong kepala "gu gu" OKU_2020????
Eloklah, memang goyang-goyang pon dan dah pun!!! He He He

Q4 Dec 23 Revenue RM 15,940,000 Profit before tax RM 4,147,000 Net profit RM 44,000 EPS 0.01 sen NTA 44 sen Performance Quarter on Quarter Down 96% Year on Year Up 100%

Note 1:

The Group posted revenue of RM44.578 million on the back of continuous orders of key products including medical/ healthcare beds, and medical peripherals and accessories delivered from the manufacturing segment for the current financial period. Geographically, the domestic front remains as the main contributor at RM40.195 million or 90.17% of the group revenue whereby the remaining revenue of RM4.383 million or 9.83% of the group revenue was generated from exports, mainly to the Asia and Africa regions for the current financial period.

The Group reported a gross profit of RM15.919 million and gross profit margin of 35.71% for the current financial period despite a gross loss incurred during the first five months of the operations of the six new pharmacy outlets which have commenced businesses in August 2023.

The Group posted a LBT of RM2.890 million for the current financial period mainly due to an impairment made in relation to the glove inventories and initial set up cost and operating loss incurred from pharmacy business during the current financial period.

Note 2:
The Group recorded a higher revenue of RM15.940 million for the current financial quarter as against RM8.821 million in the preceding financial quarter, mainly due to several large projects delivered during the current quarter.

The Group had registered an improved PBT of RM4.147 million in the current financial quarter as compared to RM1.045 million in the preceding financial quarter, mainly due to higher revenue recorded in the current quarter

Base on my BRIEF study on QR4 2023 (The latest QR) of LKL:

(Note: A comparative info from QR3 2023 included)


The summary on the company from QR4 2023:

A: The company is improving its profitabilty. QoQ, the revenue increased. Recorded net profit for TWO consecutive quarters.

B. Still sitting on a negative reserve.

C: A cash rich company with RM 36,570,000 cash and cash equivalent.

D. Total assets > Total liabilities, Total current assets > Total current liabilities: Means still has a low indebtedness risk.


THE FINDINGS

1. NTA 44.0 sen _ , QR3 2023 - 44.0 sen.
2. NOSH 388.06 mil _ , QR3 2023 - 388.06m

3. EQUITY
Share capital RM 240,262,000 _ , QR3 2023 - RM240,262,000
Merger deficit (RM 29,580,000) _ , QR3 2023 - (RM29,580,000)
Accumulated losses (RM 39,021,000) _ , QR3 2023 – accumulated losses (RM39,070,000)
Equity attributable to owners of the Company RM 171,661,000 _ , QR3 2023 - RM171,612,000
Non-controlling interests ( RM 638,000) _ , QR3 2023 - (RM644,000)
TOTAL EQUITY RM 171,023,000 _ , QR3 2023 - RM170,968,000

4. Cash and cash equivalent:
Fixed deposit with licensed bank RM 20,380,000 _ , QR3 2023 - RM20,228,000
Cash and bank balances RM 16,190,000 _ , QR3 2023 - RM19,373,000

5. Assets:
Non-current Assets RM 115,876,000 _ , QR3 2023 - RM107,568,000
Current Assets RM 97,952,000 _ , QR3 2023 - RM97,327,000
TOTAL ASSETS RM 213,828,000 _ , QR3 2023 - RM204,895,000

6. Liabilities:
Current Liabilities RM 34,138,000 _ , QR3 2023 - RM24,859,000
Non-current liabilities RM 8,666,000 _ , QR3 2023 - RM9,068,000
TOTAL LIABILITIES RM 42,805,000 _ , QR3 2023 - RM33,927,000

7. QR4 2023 Results
Revenue RM 15,940,000 _ , QR3 2023 - RM 8,821,000

Profit before tax RM 4,147,000 _ , QR3 2023 - RM 1,045,000

Net profit RM 44,000 _ , QR3 2023 - RM 1,058,000

Loss before tax -12,429,000 Net loss -15,170,000 NTA 2.2 sen (drop from 2.7 sen).

Saya cakap dah, memang dah nak PN17 ini counter......

@roger3210...
You are spamming this counter and promoting Econbhd, not just for his/her intention to promote Econbhad... His/her intention in naysaying Aneka is to dampen the price of Aneka.... down to his low entry price objectives....

He/She is AN OPPURTUNIST SPAMMER here....

So. Don't bother his/her spam..

I won't bother your favourite counter, EconBhd.. If its realy good, just promote there, at its thread. Jangan suka jadi orang gila talak.

Isteri sudah cerai... Awak masih terhegeh-hegeh "merayu" kalau boleh dapat diskaun??? He He He

Base on my BRIEF study on the QR4 2023 (The latesr QR) of Wegmans:

(Note: A comparative figures from QR3 2023 included)


A: Sitting on positive reserve / Retained profits of RM 82,245,000 (121% of its share capital).
It means, the company is a profitable company.
B: Has a moderate cash and cash equivalents of RM 19 mil.

C. 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.

D. The dividend for shareholders – Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023.


THE FINDINGS:

1. NTA 23 sen _ , QR3 2023 - 23 sen.
2. NOSH 550.54 mil _ , QR3 2023 - 550.54 mil.

3. EQUITY
Share Capital RM 68,155,000 _ , QR3 2023 - RM 68,154,000
Treasury shares (RM 94,000) _ , QR3 2023 - (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR3 2023 - (RM 22,100,000)
Retained profits RM 82,245,000 _ , QR3 2023 - RM 78,161,000
Equity Attributable To Owners Of The Company RM 128,206,000 _ , QR3 2023 - RM 124,121,000
Non-Controlling Interest RM 1,541,000 _ , QR3 2023 - (RM 1,483,000)
TOTAL EQUITY RM 129,747,000 _ , QR3 2023 - RM 125,604,000

4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM 19,855,000 _ , QR3 2023 - RM 12,350,000

5. Assets:
Current Assets RM 72,635,000 _ , QR3 2023 - RM 70,838,000
Non-current Assets RM 116,306,000 _ , QR3 2023 - RM 117,267,000
TOTAL ASSETS RM 188,941,000 _ , QR3 2023 - RM 188,105,000

6. Liabilities:
Current Liabilities RM 27,860,000 _ , QR3 2023 - RM 30,095,000
Non-current liabilities RM 31,334,000 _ , QR3 2023 - RM 32,406,000
TOTAL LIABILITIES RM 59,194,000 _ , QR3 2023 - RM 62,501,000

7. QR1 2024 results - Revenue RM 31,417,000 _ , QR3 2023 - RM 33,505,000
- Gross profit/(loss) RM 5,315,000 _ , QR3 2023 - (RM454,000)
- Net profit/(Net loss) RM 4,142,000 _ , QR3 2023 - (RM852,000)


Note 1:

The Group’s revenue for the current financial quarter ended 31 December 2023 has increased by RM0.75 million or 2.46% to approximately RM31.42 million as compared to approximately RM30.66 million in the preceding year corresponding quarter ended 31 December 2022.

The higher revenue was mainly attributed to the higher sales volume from Malaysia.

The Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to profit before tax of approximately RM3.42 million for the preceding year corresponding quarter ended 31 December 2022.

The higher profit before tax was mainly attributed to the higher revenue generated and strengthening of United States Dollar (“USD”) against the RM whereby a majority of the group’s revenue sales are denominated in USD.

Note 2:

For the current financial quarter ended 31 December 2023, the Group’s revenue has decreased by RM2.09 million or 6.23% to approximately RM31.42 million as compared to approximately RM33.51 million in the preceding financial quarter ended 30 September 2023. The lower revenue was mainly due to lower sales volume from North and South America.

Despite decrease in revenue, the Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to a loss before tax of approximately RM0.45 million for the preceding financial quarter ended 30 September 2023. The loss before tax was consequent upon the Company’s prudent decision to provide full allowance for the impairment loss on a trade receivable of approximately RM8.00 million.

Note 3: Prospects

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 QR2 2024 (The latesr QR) of Itronic:

(Note: A comparative figures from QR1 2024 included)

A: Sitting on negative reserve / accumulated loss of RM 7,735,583.

B: Not a cash rich company.

C. Total assets > Total liabilities, Total current assets > Total current liabilities, and has a small non-current liabilities only @RM 1,338,063 – Means still has a low indebtedness risk.

D. QoQ, Revenue drop and net loss widened.


THE FINDINGS:

1. NTA 5 sen _ , QR1 2024 - 6 sen.
2. NOSH 707.59 mil. _ , QR1 2024 - 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR1 2024 - RM 43,472,963
Reserves / (accumulated losses) (RM 7,735,583) _ , QR1 2024 - (RM 4,375,432)
Shareholders' funds RM 35,737,380 _ , QR1 2024 - RM 39,097,531
Non-Controlling Interest RM 0 _ , QR1 2024 - RM 0
TOTAL EQUITY RM 35,737,380, _ , QR1 2024 - RM 39,097,531

4. Cash and Cash Equivalent:
Cash and bank balances RM 1,441,030 _ , QR1 2024 - RM 375,334

5. Assets:
Current Assets RM 73,506,067 _ , QR1 2024 - RM 76,048,004
Non-current Assets RM 15,301,611 _ , QR1 2024 - RM 15,183,252
TOTAL ASSETS RM 88,807,678 _ , QR1 2024 - RM 91,231,256

6. Liabilities:
Current Liabilities RM 51,924,835 _ , QR1 2024 - RM 50,795,662
Non-current liabilities RM 1,145,463 _ , QR1 2024 - RM 1,338,063
TOTAL LIABILITIES RM 53,070,298 _ , QR1 2024 - RM 52,133,725

7. QR1 2024 results - Revenue RM 6,962,162 _ , QR1 2024 - RM 30,219,482
- Gross profit / (loss) (RM 2,111,163) _ , QR1 2024 - RM 1,329,317
- Net profit/(Net loss) (RM 3,360,151) _ , QR1 2024 - (RM 499,212)

Note 1:

For current quarter and year-to-date ended 31 December 2023, the Group reported a revenue of RM6.96 million and RM37.18 million respectively. Out of the total revenue, 99.31% revenue was mainly contributed from Hong Kong subsidiary, which involved in the sales of watches, while Malaysia operation which is involved in electronics & system integration operation has contributed RM0.14 million for the current quarter and RM0.26 million for year-to-date ended 31 December 2023.

The Group's loss before tax stood at RM2.11 million in the current quarter and RM2.84 million for current year-to-date ended 31 December 2023 mainly due to higher operating expenses from accounting adjustment of unrealised loss of RM1.01 million on outstanding debts owing to creditors. In addition, finance cost of RM0.65 million from third parties borrowing has further increased loss impact to the Group

Note 2:

The Group registered lower revenue of RM6.96 million for the current quarter compared to RM30.22 million registered in the immediate preceding quarter ended 30 September 2023, a declined by 77%, due to lower sales from watches operation.

For the current quarter, higher net loss of RM2.11 million reported compared to RM0.73 million in the preceding quarter arises from lower sales performance from watches operation.

Note 3: Prospects

The Group expects performance for the financial year ending 30 June 2024 to be satisfactory in view of improved sales performance in its trading of watches business. The Group will continue to focus on upgrading and enhancing the e-commerce platform to ensure better user experience and engagement, in anticipation of the higher traffic from increase in the number of users visiting this platform.

The Group intends to penetrate into new markets, which is establising Halal Food & Beverage restaurant and Halal Convenience Stores in Hong Kong. The Board is in the opinion this business will generate positive cash flow for the Group and enhance shareholders's value.

@rogers3210. Let the market determines the future price of Aneka share price.

You're free to wait for your lowered price to enter.
Don't spill your beans here!!!! Its a bad smell from your ROTTEN HEART!!!!

blackmamba87

Tomorrow we can see the shares going up?
----------
Let the market determine it....
For me, at least the latest two quarterly reports showed the improved prospect of the company... in terms of revenue and profitability... Thanks to the contribution of their sale / trading of bulding materials section. TAYOR