i pray for them one day they can financially freedom as their boss is training them to be shameless and proud of their incompetence and ignorant

hahahaha, butthurt wont make u rich :)

go EVERY SINGLE counter and talk bullcrappp say bad thing cant make u rich too, but can become your stable income, rm2 / hour suitable for lifeless poor bassstard like these dudes :D

might consider re enter oso

me too yesterday taken profit hahahaha

@Superbull8798.
Please check your mathematics and accounting knowledge.... !!!! Do your effing fact check :)

Don't try to fool others if you are a fool at the fullest.

@Superbull8798.. Based on Kanger International Berhad - Review of Interim Financial (Source: https://www.bursamalaysia.com/market_information/announcements/company... )

Net Tangible Assets = Total assets - Goodwill - Total liabilities
= RM439,119,000 - RM90,228,000 - RM96,294,000
= RM252,597,000

NTA per share = NTA / NOSH
= NTA / (weighted average number of ordinary shares)
= RM252,597,000 / 4,402,891,000
= RM0.0573. (Based on 4.402 bil shares and as reported in 3QR 2022 which the QR ended on 31 Dis 2021).

If we consider the NOSH reduced by 10 : 1, means the real NTA after considering the reduced NOSH by ten times should be at RM0.573.

And be noted that 3QR 2022 report is a quarterly report which its QR ended on 31 Disember 2021. The consolidation exercise deemed to be completed on 10 February 2022. Means only the next 4QR 2022 will show the NTA per share after consolidation....

Source: On behalf of the Board, UOB Kay Hian is pleased to announce that the Share Consolidation has been completed following the listing of and quotation for 597,931,208 Consolidated Shares and 169,951,156 Consolidated Warrants B on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 10 February 2022.
This announcement is dated 10 February 2022.

As shown earlier the CAGR for revenue, EPS, and dividend payout ranges from 16% to 61%.
Future CAGR projection for smart speakers from analyst varies from 16%-19%. "The global blue-tooth speaker market reached a value of US$ 10.1 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 30.4 Billion by 2027, exhibiting a CAGR of 19.1% during 2022-2027."

https://klse.i3investor.com/web/blog/detail/Stockwinners/2021-07-27-story-h1568816870-IMPORTANT_KANGER_HAD_EXPLOSIVE_EARNINGS_MOVING_FORWARD

Based on the above, we will be conservative and project FPI EPS CAGR to be 16%. Our minimum expected rate of return per year is 10% and future PE is assumed to be 12. Current EPS is RM0.39. We are not excluding any exceptional gain or expense from the earning. Also, we will not deduct the net cash from market capitalization. These items approximately cancel out each other.

Using projected EPS CAGR of 16%, the earning in 10 years will be RM1.72. Multiplying this with the future PE ratio, the future stock price is expected to be RM20.65. We discount this price by 10% per year and bring it back to today. The intrinsic value of FPI based on conservative valuation is RM7.96.

This gives us a very significant margin of safety today (April,’22)

Margin of Safety

“Confronted with a like challenge to distill the secret of sound investment into three words, we venture the motto, MARGIN OF SAFETY.”

The most critical element in calculating the intrinsic value of a company is the future growth. We will look at it from 2 different angles:

Kanger receives shareholders’ approval for proposed acquisition of building materials supplier, Sung Master

Step closer in becoming an integrated player in the construction and
trading in building material segments

Kuala Lumpur, 27 July 2021 – Bursa Malaysia’s ACE Market-listed Kanger International Berhad’s (“Kanger”, “the Group” or “the Company”) has concluded its Extraordinary General Meeting (“EGM”) today, which saw it receiving shareholders’ approval for the proposed acquisition of 51% equity interest in building materials supplier, Sung Master Holdings Sdn Bhd (“Sung Master”) for RM94.8 million to be satisfied via a combination of cash and new share issuance.

Kanger Executive Director, Mr. Steven Kuah Choon Ching (柯 俊 敬) said that the acquisition of Sung Master represents a significant step in the Group’s strategic plans to develop new income streams that are complementary to Kanger’s recent diversification into the property related and construction business segments.

Sung Master is primarily involved in the sales and trading of building materials, which include, timber flooring, tiles, bulk cement, concrete, locksets and sanitary ware. Based in Malaysia, Sung Master has an established network of clientele encompassing players from the property and construction industries as well as engineering consultants who are either a main contractor or a sub-contractor of a development project.

Since its commencement of operations up to 30 April 2021, Sung Master has supplied and is supplying a total of 22 projects, comprising both residential and mixed development projects, which are mainly located in Klang Valley and Pahang State.

“We are pleased to receive shareholders’ approval for this horizontal acquisition of an industry peer which enables us to widen our product offerings from our existing business of manufacturing and trading of bamboo flooring to also include other building materials such as timber flooring, tiles, bulk cement and concrete. This would enable us to expand our market presence and operational capacities, and to capture a larger market share in the trading of building materials industry in Malaysia,” he said.
Financially, Sung Master has consistently delivered a profitable performance over the past 3 financial years from FYE 31 January 2018 up to the audited 17-month FPE 30 June 2020 and latest unaudited 10-month FPE 30 April 2021. For the latest 10-month FPE 30 April 2021, Sung Master reported an unaudited profit after tax of RM11.8 million against revenue of RM76.0 million.

He added, “Despite the disruptions from the Covid-19 pandemic, Sung Master’s business operations continued to demonstrate strong resilience. For the FYE 30 June 2021, Sung Master’s revenue is expected to exceed RM115 million. Hence, the consolidation of Sung Master’s financial performance will augur well to the Group’s profitability and cashflow position in the near future.”

“The synergies that we will be able to leverage on from the acquisition of Sung Master will benefit the Group on multiple fronts, especially with regards to supporting our property related and construction business segments. Under the Group’s new construction business, we also intend to expand into areas such as undertaking building, construction, civil engineering and project management contracts. At present, the Group is working on construction projects which have an orderbook of approximately RM1.0 billion.”

“In addition, the construction business will allow us to leverage on the business network of our property investment and management segment and offer a broader range of value-added property-related services. By having access to a larger pool of building materials suppliers, Kanger is able to source supplies at relatively competitive prices, which will lead to improved cost efficiencies and enhanced competitiveness when tendering for new construction contracts,” he added.

Barring unforeseen circumstances, the proposed acquisition of Sung Master is slated to be completed in mid-September 2021.

To recap, the Group had recently also obtained shareholders’ approval for the proposed acquisition of 126 units of service apartments located in Antara @ Genting Highlands from Aset Kayamas Sdn Bhd (“AKSB”) for RM142.9 million.

“On a macro view, the acquisitions of Sung Master and the service apartments in Antara @ Genting Highlands mark a leap forward for Kanger to achieve its strategic goal of possessing a robust and diversified revenue portfolio. Our investment in the service apartments is expected to bring in recurring income in the form of rental and provision of management services as well as potential future capital gains for the Group. We are continuously seeking for suitable and viable acquisition opportunities in strategic locations to expand the contribution of the property investment and management segment of our Group,” he concluded.

A Quantum Leap in Earnings – KANGER INTERNATIONAL BERHAD



In KANGER’s recent announcement, the company had struck a deal with China Energy Construction Co Ltd to dispose two parcels of land with commercial buildings located in Ganzhou City for approximately RMB400.0 million or RM258.9 million in ringgit terms.

How would this change KANGER as a whole?

Due to challenge outlook of the sector KANGER previously was in, the company suffered losses on the bamboo business which was in tandem with the industry as a whole.

Fortunately, the active turnaround plan for the company to venture into construction might result in – well, as the title of the article suggests, a quantum leap in earnings.

The disposal of the fixed assets will result in one-off earnings for the group, which will be significant but what was more impressive was the cash flow generated from the sale of asset.

For those who do not know, the company had ventured into the construction company, in which they had secured an order book value of RM1.0 billion on 7 different construction projects.

They had also bulk-purchased properties from the well-reputed developer Aset Kayamas.

Interestingly, the purchase of assets from Aset Kayamas could establish a good relationship with the developer and given that KANGER is now in the construction business, they could potentially secure business from Aset Kayamas.

But there is more to that.

A ground check with employees in Sung Master actually returned that Sung Master top 3 customer consists of the name of Aset Kayamas, so if we link everything up – property acquisition, potential construction projects and supply of building material, does this sound like a synergetic trio-relationship?

I believe so.

Heck, there might even be a chance for Aset Kayamas to takeover KANGER by injecting more assets into the company.

Bear in mind that KANGER is only trading at RM299.0 million market capitalization and any big asset injection could easily result in a takeover.

A great case study would be with the company NCT ALLIANCE BERHAD (KLSE: 0056).

Nevertheless, it was almost certain for KANGER to return to black in the next few quarters and I believe with NTA doubling the share price, this stock is a valuable gem for those who believe in recovery in inbound travel and construction sector, as the properties “injected” from Aset Kayamas are located in Genting Highland and since 16th August

Construction work had mostly resumed, hence KANGER new construction segment could finally perform.

Based on the latest quarterly report of the company, KANGER is trading at a discounted Price-to-book value of 0.48 times, which we could say that the company is deep in value.

However, we also understand the fluctuation nature of the share price, so only strong holders are recommended to buy at the current discounted level.

Cheers.

QR coming !

who else got stoned hahahaha

anything is possible with sapura hahahahaha

@Superbull8798.
Please check your mathematics and accounting knowledge.... !!!!

Don't try to fool others if you are a fool at the fullest. He He

@Superbull8798.. Based on Kanger International Berhad - Review of Interim Financial (Source: https://www.bursamalaysia.com/market_information/announcements/company... )

Net Tangible Assets = Total assets - Goodwill - Total liabilities
= RM439,119,000 - RM90,228,000 - RM96,294,000
= RM252,597,000

NTA per share = NTA / NOSH
= NTA / (weighted average number of ordinary shares)
= RM252,597,000 / 4,402,891,000
= RM0.0573. (Based on 4.402 bil shares and as reported in 3QR 2022 which the QR ended on 31 Dis 2021).

If we consider the NOSH reduced by 10 : 1, means the real NTA after considering the reduced NOSH by ten times should be at RM0.573.

And be noted that 3QR 2022 report is a quarterly report which its QR ended on 31 Disember 2021. The consolidation exercise deemed to be completed on 10 February 2022. Means only the next 4QR 2022 will show the NTA per share after consolidation....

Source: On behalf of the Board, UOB Kay Hian is pleased to announce that the Share Consolidation has been completed following the listing of and quotation for 597,931,208 Consolidated Shares and 169,951,156 Consolidated Warrants B on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 10 February 2022.
This announcement is dated 10 February 2022.

the traffic to Genting is no joke,

perhaps things start changing and be good to KAnger

our president of Kanger Superbull has arrive, thanks for his advises to keep us remind to be reasonable on the TP and price, very constructive comment

slow okay lahh, steady abit, dont static can already

come on come on lets go

big shark coming ?

out of context abit,

what is the best brand for headphone in your opinion? plan to get one

business intact lagi, tolong jgn jatuh lagi sudahlah

sudah lama minger between 0.06 - 0.08, those cyclical trader sure love it lol

still manage to tahan nice

population up, revenue up, profit up

jgn bapok, sabar and tunggu for durian runtuh

construction index lai liao

friday no show see lahh , next week we gambateh together

Superbull is the only real Supporter of Kanger in disguise , can we make him our club president? hahahaha

steady PROSONIC <3

people cannot read or post comment properly lol like tat

wahhh this Good123 spam like tat, wanna chase investor away ?

metal sand property all heng heng

waooo is this the new era of construction ??

hahaha nice lahh welcome aboard, ready to take off

Cengild poised for further robust growth post IPO.
-------------------------------------------------
Cengild raised RM72 million from its IPO with 218.8 million new shares.

Of the proceeds, it intends to use RM37.1 million to establish new medical centres, RM17.4 million for working capital, RM13 million for expansion of existing medical centres and the remaining RM4.7 million for listing expenses.

The group plans to expand its existing medical centre at Nexus @ Bangsar South, Kuala Lumpur, by leasing additional space of approximately 12,000 to 15,000 square feet to cater to current and future demand for its medical services, especially endoscopic procedures to strengthen its position in the segment.

It also intends to expand its presence by establishing two new full-fledged medical centres specialising in gastrointestinal and liver diseases, and obesity in other major cities in Malaysia such as Johor Bahru, Penang or Ipoh.

In order to support the expansion of its existing medical centre as well as into other major cities in Malaysia, it also intends to strengthen its medical team by attracting and recruiting consultants specialising in gastroenterology and hepatology.

price attractive，stable business, dont wait, just buy

trading volume already show , now we see if potential RTO from Uncle KAYAemas in kanger :)

bad news for kanger all setlled or gone , bout time to welcome the new era

pls come in yea need more force to push to create momentum hehehehe

ada big shark come in ??

report citadel, a big toxic in every counter

1. Regulatory licenses/compliance - either the company acquire an existing licensee or they go and apply the licenses/permission themselves. This will take time (longer then you expect), skilled staff strength and cash to burn. Even if you are admitted, you will be in a sandbox. Your hands and legs are tied with very little movement for enjoyment. Further down the road, you need to have your little points of presence in other countries to serve and offer your services (remittances, multi currencies, payment gateway etc). Without a region, you ain't going nowhere horizontally but surely vertically -18 and meet me.

2. Products or Communities - do you drive a community first or create a super app first. Take a look at Grab & Shopee, in my underworld, we have humans burning what we need, not what we want. Creating the use cases can be draggy and it burns money like how you burn for us. Just keep doing it. If you don't have your community, you burn shit all day round. If you have a community but a shitty model, users will stray away.

3. Margins and profitability - deep pockets are a necessity in this game. The bigger e-wallets have burnt substantially to reach where they are today but they can't sustain. There aren't sufficient recurring revenues and PAT. Every Tom, Dick & Harry claimed that there are money to be seen (not made), yeah, some cash flow but where is the real deal? The only possible deal (maybe) is microfinancing... the ah long businesses... started since 0000, still growing strong, be it barter trade, cash, cashless, crypto etc. Lately are the insurance giants....

this somehow reminds me of the GREATEST moment for GKENT last time

（吉隆坡5日讯）第一轮大道收购活动去年4月触礁后，昨日宣布卷土重来，分析员认为此次出价让人无法抗拒，成事几率甚高，有望创造政府、大道公司和大道使用者“三赢”局面。

政府在周一宣布，Amanat Lebuhraya Rakyat有限公司（ALR）建议以44亿3200万令吉向金务大（GAMUDA,5398,主板建筑组）、环城大道（LITRAK,6645,主板交通物流组）和雪州柏朗桑（KPS,5843,主板工业产品服务组）等公司收购雪隆4条大道——白蒲大道（LDP）、西部疏散大道（SPRINT）、沙亚南大道（KESAS）和精明隧道（SMART Tunnel）。

金务大在文告中说，4家大道经营公司的股权价值料达44亿3200万令吉，当中金务大占了23亿3300万令吉；拥有白蒲大道和西部疏散大道50%权益的环城大道也达26亿9800万令吉。另外，雪兰莪政府属下雪州柏朗桑则掌握西部疏散大道的20%股权，股权价值料达1亿8080万令吉。

艾芬黄氏研究考量上述大道发展已经成熟，且过路费调涨面对政府政策风险，整体献购价显得合理。

“ALR这次的出价，与2019年财政部提出的唯一不同之处在于精明隧道出价为每股50仙，比较之前为3000万令吉。”

此外，ALR出价26亿9800万令吉，相等于每股5令吉零8仙价格收购环城大道旗下白蒲大道和西部疏散大道持股，较集团最后闭市价4令吉零3仙溢价26%，预期股票复牌后将为投资者带来交易机会。

政府可省43亿赔偿成本
该行相信收购计划将为政府、大道特许经营权股东和道路使用者创造“三赢”局面，主要是政府无需承担收购大道特许经营权的成本，甚至是为不允许调涨过路费决定做出赔偿，净成本节省可能达到43亿令吉。

“对大道特许经营权股东来说，相关股权以合理的内部回酬率（IRR）脱售，且无需面对政府政策变化对经营权带来的风险；道路使用者则不会面对过路费调涨风险。”

肯纳格研究认同，并相信整个计划的成事几率甚高，不会重演2019年交易面对的重重障碍，主要是政府不再是交易的一方，且无需提供政府担保。

“更重要的是，整个交易将为政府节省43亿令吉的大道赔偿成本，让公众可在大道剩余的经营权期限享受不变的过路费。”

previous COVID 19 peak, properties value drop, cry oso no tears, now shud slowly recover

Now entire Malaysia is in recovery status, so im expecting a surge of value increase of their properties in GENTING

Cengild poised for further robust growth post IPO.
-------------------------------------------------
Cengild raised RM72 million from its IPO with 218.8 million new shares.

Of the proceeds, it intends to use RM37.1 million to establish new medical centres, RM17.4 million for working capital, RM13 million for expansion of existing medical centres and the remaining RM4.7 million for listing expenses.

The group plans to expand its existing medical centre at Nexus @ Bangsar South, Kuala Lumpur, by leasing additional space of approximately 12,000 to 15,000 square feet to cater to current and future demand for its medical services, especially endoscopic procedures to strengthen its position in the segment.

It also intends to expand its presence by establishing two new full-fledged medical centres specialising in gastrointestinal and liver diseases, and obesity in other major cities in Malaysia such as Johor Bahru, Penang or Ipoh.

In order to support the expansion of its existing medical centre as well as into other major cities in Malaysia, it also intends to strengthen its medical team by attracting and recruiting consultants specialising in gastroenterology and hepatology.

trading volume already show , now we see if potential RTO from Uncle KAYAemas in kanger :)

good mud also CAN grow beautiful lotus flowers...BUY...BUY...BUY...HOLD N PUSH UP the price...KANGER fair value RM0.19 X 750 % = RM1.43