123 continuous buy since opening!

Will hold tight

Ya, you are right, next time we no need to respond to them, let them talk to themselves!

Just bit, as I mainly going for the RI. Today gloves back to live, think tmr should at least hit 7sen?

Finally, the bonus, on top of the other main businesses, that we have been waiting for will arrive tomorrow! I think many supporting members deserve a big THANK YOU, especially IMZM2511, swimwithsharks, VincentLau, and all those writers who wrote the articles under Headlines!

Yes, but some one who entered at 5 could have exited at 6.5 this morning, while some one who entered at 6.5 has a cost of 5.125 if subscribe to the RI. Chance of making profit still good I think.

Alvin, Congrats.
Probably most of us from long time back aren't in profit region yet....
Just for convenient, like to share with everyone a quick calculation of our investment cost.
Since one OR and one warrant for one mother, assuming full subscription of OR and warrant fetches 2sen. Then, Cost C=(mother price+ OR subscription cost-warrant price)/2=(M+6-2)/2=(M+4)/2=M/2+2, ie. your cost is half of mother's price + 2sen. Example: Bought mother at 7sen, then M=7 and C=7/2+2=5.5sen and we have:
a)M=8, C=6
b)M=9, C=6.5
c)M=10, C=7
d)M=12, C=8
e)M=14, C=9
f)M=16, C=10
Happy investing/trading

@Maggi Looking at the trend, my guess is entering 7sen soon....your wish should come true

QR out on 21 July

@Maggi Apparently you're more strict....
But the last 10 minutes hardly anybody willing to sell at 0.06, only 6000+ lots sold. So, it seems most ppl unwilling to sell at 0.06 already, and so tomorrow should hit 0.065 to 0.07! Wish everyone huat!... though at different rate.

A short essay in Japanese about bamboo and japanese, can use google translate to read
https://www.greelane.com/ja/%e8%a8%80%e8%aa%9e/%e6%97%a5%e6%9c%ac%e4%ba%ba/bamboo-in-japanese-culture-2028043/

Export from China to Japan?

Maggi think the time has come to top up!

Pls check my calculations, and if there is a mistake, pls point out. Thanks!

Would like to share a quick calculation for the cost if buy mother at a) 0.065 and b) 0.075:
Two OR and .75 of warrant for a mother, assuming full subscription of OR and warrant fetches 1.5 sen.
a) Cost of 3 shares=0.065+0.05*2-0.015*0.75=0.15375. Cost of 1 share=0.05125
b) Cost of 3 shares=0.075+0.05*2-0.015*0.75=0.16375. Cost of 1 share=0.05458

So, with that assumption, if share price >0.055, can begin to make profit.
If share price=0.055, break even for mother is 0.075.
In other words, if in future can sell at more than 0.055, can still profit if buy mother at 0.075 this Friday.

August coming soon. Mahathir spoke many times supporting Chinese vaccine. Malaysian Singaporean go where for cool holidays after covid? Bamboo factory in Miao and Dong
area, Kanger gives job to them, win win situation. So, i am getting ready bullets for RI:)

Ok, yesterday up half sen, hopefully this trend continues, trading at 0.065-0.07 by Friday! Then plan to top up more then!

As last day to buy mother for free OR is this Friday, and the block at 0.06 is about 10milshares worth 0.6mil, maybe can end today with 0.065? Let's see.

@maggigoreng May not be just a hoping game, as they got 3 EPCC contracts already. So, think it's logical to enter partly when price is low, like now 0.055....buy rate 90%, volume 16mil shares.

But whistleblower99 didn't answer my only question to him

Just did a casual check back to 17 Jun: EPF buy only, never sell.

As Chinese gov demonstrated superb handling of the covid situation, expect the running of the factory is not badly affected.

Just want to say that if the jingzhou gov is involved in corruption, if found out, either jail heavily or death sentence.....

Don't think so....already many evidences but just like to add:
Signing ceremony between Jingzhou and Kanger
http://www.krbamboo.com/cn/zixunzhongxin/gongsixinwen/326.html

Jingzhou official website: http://www.jzx.gov.cn/jzx/index.shtml
More about Jingzhou: http://www.jzx.gov.cn/jzx/c116328/zjjz2020.shtml

Wikipedia: https://en.wikipedia.org/wiki/Jingzhou_Miao_and_Dong_Autonomous_County
where the bamboo forest must be situated

Riverstone also in Perak up alot on Friday too.

AT factory in Perak, so I think not much affected....

Charlie, Thanks for your nice update too!
hlh, yes, Kuah bought 250,000 lots@.14 in February. By Googling, found a news that he sold 26mil of his stakes in CCK petroleum in January.
So looks like he is confident with Kanger! Yes, let us all huat together with him!

Mr Kuah, Executive Director, will be forking out 46mil for 769mil new shares@6sen in the acquisition of SUNG Master, and committed up to 20mil for RI, total 66mils wow!

From the Circular(11 June 2021), the number of existing shares as of LPD (1 June) is 2,862mil and equals the number of right shares to be issued, so I conclude that no warrants are given to Kuah's 769mil new shares. If true, that means we as retailers get a better deal in subscribing RI because we pay 6sen for a share AND a warrant. Have I missed something? Hope to hear your comments.

Nice Update:
https://klse.i3investor.com/blogs/highrewardking/2021-07-10-story-h1567918297-Upbeat_Earnings_Moving_Ahead_Kanger_International_Berhad.jsp

Maggigoreng Interesting....you don't mind to enter at higher cost if the trading volume is higher? What volume is high enough?

Ravi, AE is adding EPCC glove (and has ident a leader) to its current businesses as explained in:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3143435

Abstract: "......the Group has identified Mr Tan Thean Jin, who is the General
Manager of AEMI to lead the Group’s venture into the Gloves Manufacturing Solutions
Business.........Group plans to recruit up to 30 employees with relevant experience
to undertake various roles (e.g. engineering, research and development, sales and
marketing, procurement, administrative roles and others) in the Gloves Manufacturing
Solutions Business......"

@kfliau yes I also gave same question as you, nta 1.39?

@Whistlebower99 About the ESOS 0.0541, is it too much? If we want to buy at 0.055, can get, eg. yesterday my queue at Public bank and also MPlus were completely filled. So, Kanger employees get just 0.001 about 2% cheaper, don't you think it's a bit stingy? haha

https://www.malaymail.com/news/malaysia/2021/07/08/citing-success-in-china-dr-mahathir-wants-unapproved-covid-19-vaccine-appro/1988351

Getting warming up, good sign!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3173892

Reflecting good standing....that's why the volume?

Once ppl realise they are losing 750 per lot b4 and after ex date, still selling?

Ya, we invest within our means, be discipline and don't overstretch ourselves, simply because every investment has risks. Selamat Malam everybody.

This is one of few green in my portfolio today! It's stable against political & medical instabilities!! Still can sleep well today, haha

Harmoni you betul betul tak mau subscribe RI ke?

MadCow75 Ya I think should bid access if can afford it. I will too, but because doing it through public bank my bullets kena held up for 4weeks....so if bid 1000 lots excess but receive just 10lots then not worth it.

Got my 5.5 completely filled, ya must be the sudden political news.....all red red. Pray the political situation becomes stable soon, while saving for RI!

wow, we all see share up 11-22%.....
I commented this RI previously:
April 13: So the group is diversifying to be EPCC for glove manufacturing, not manufacturing gloves. Seems sensible, and already got two customers: fintec glove and one glove! Will participate in its RI.
April 16: I expect this counter will up soon, as glove counters are back as covid & variants refuse to go away!
June 11:I got into this believing the group's diversification to be EPCC for glove manufacturing makes sense, since many glove factories and so need repairs and maintenance! Ya, the PP at 4.4sen is so cheap....Anyone knows how long PP holders must hold before they can sell?

From Bursa: AE got contract for G Rubber 8 lines (65mil), PNE 10 lines, FINTEC 14 lines.

I am no sifu, but just use simple reasoning: it is EPCC, and many glove factories and already gotten three big jobs, so getting more experience and may win more jobs in future?
So I think AE is worth investing! If you want to invest, may want to get in soon. Hopefully we support of RI will fund the company's business and later we all huat together!

Reminder: 1) I'm no sifu, 2) It is giving .75 warrant for each right share, and warrant should worth not less than 1 sen upon listing 3)RI Ex date is 19 July, so last trading day is 16 July.

Ravindran Raja, Can you share the company website you're refering to?

Great! Btw, glad to have sold WB today at higher price than yesterday. I have not many lots so don't want to keep track. good discussion yesterday, tq

hlh1962 I have a few k lots, ya need to collect bullets for the RI. Hope not so soon, give us a bit more time, haha

Yes, good point, if lucky warrant may fetch higher leh

对啊， 好投资不容易找，找到了不必再等咯！

I think like investform said some ppl forget the bonus, or not sure how it works....holding mine because company handling more jobs and so should earn more.

hlh1962 I also cannot get 5.5, bought a lot at 6 already.

Aku suka harmonious and peaceful living...haha tapi boleh terima criticism juga. Kalau Harmoni dapat bagi satu analisa mengapa jangan beli Kanger, aku akan baca dengan teliti.