looking steady today, rebound soon

https://klse.i3investor.com/blogs/sharkstechnical/2021-11-21-story-h1594581148-Where_is_the_bottom_for_KANGER_KLSE_0170.jsp

Where is the bottom for KANGER (KLSE: 0170) ?

Despite having really solid turnaround plans in place, KANGER unavoidably still faced the market force that had pressured their share price close to 52-weeks low levels. Although the company seemed to have share consolidation in place as an initiative to benefit the shareholders further, most investors did not appreciate the corporate exercise. But for now, we noticed a bottoming and consolidation pattern for KANGER.

That being said, traders must take on caution on breach at support level as stipulated below.

Trading Buy: Collect around RM 0.030 – RM 0.035

TP: RM 0.050, RM 0.065 (Minimum reward level of 42.87%)

Cut Loss: RM 0.025

Gogogo

rebound today, congrats to those that buy 0.035 and sell 0.04

Bursa Malaysia’s ACE Market-listed
Kanger International Berhad’s (“Kanger”, “the Group” or “the Company”)
announced today that its wholly-owned subsidiary, Kanger Medical International
Sdn Bhd has entered into a Heads of Agreement (“HOA”) with Sparmak Medical
Equipment Trading LLC (“Sparmak Medical”), an authorised partner of G42
Medications Trading LLC (“G42”), to distribute Sinopharm’s COVID-19 testing
solutions using the revolutionary OXLAMP technology in Malaysia.

The revolutionary OXLAMP technology was developed at Oxford University and
utilises a simple viral ribonucleic acid (“RNA”) testing method, loop-mediated
isothermal amplification (“RT-LAMP”) to detect fragments of the virus without
professional instruments or training. The test is done through a nasal swab
collection with samples analysed at the point of collection enabling speedy results
delivery.

The COVID-19 OXLAMP testing solutions to be procured by Kanger are produced
by Shanghai GeneSC Biotech Co., Ltd. (“GeneSC”), a subsidiary of China National
Pharmaceutical Group Co., Ltd. (“Sinopharm”). The OXLAMP technique is already
being used across mainland China, with GeneSC having the exclusive license for
distribution in China. The testing solutions are also utilised at the Heathrow
Airport in the United Kingdom, as well as the Hong Kong International Airport
and is gradually being adopted by more governments and private users around
the world.

Kanger International Berhad to distribute Sinopharm’s COVID-19
testing solutions using revolutionary OXLAMP technology in Malaysia
Product already in use globally at, among others, Heathrow Airport and Hong
Kong International Airport

Not to mention potential RTO from Aset Kayamas, will be seeing a sharp turnaround in profit next quarter

Demand for building material is increasing too as economy is reopening, KANGER gonnna take alot of profit from the acquisition of Sung Master

Lol, any news = set trap, what kind of logic is this?

Lol, so many potential upcoming project for kanger soon, so many ppl here underlooked the potential that Aset Kayamas can affect on Kanger

Herein attached is a report by Sinchew on the emergence of new substantial shareholder.

So, if we think rationally, KANGER had done the following:


1. Acquired properties from Aset Kayamas.

2. Had RM1.0 billion worth of construction projects on hand (potentially from Aset Kayamas).

3. Acquired 51% of Sung Master, who supplies to Aset Kayamas.

4. Emergence of new substantial shareholder which is expected to be PAC from Aset Kayamas end.


Definitely something interesting is brewing in KANGER side for now.

Should the RTO really happens, Aset Kayamas who had a diversified property development projects where a combination of Luxury Highrise Residences and Affordable Housing projects such as Axon, The Hipster, The Hermington just to name a few. With years of experience in the property development segment, the materialization of the RTO would definitely change KANGER forever.

At least on the current price of 6 cents per share which is same with the rights issue price, our entry price for the current level is the same as PAC of Aset Kayamas. So practically, the chance to lose money is extremely low and I believe KANGER is worth more than double the current share price even before the RTO take place.

If the RTO did take place, I think it would be too late for investors to invest in the company.

For your information, Sung Master is primarily involved in supplying building materials and it was expected to deliver a profit after tax of RM20.0 million in the full year 2021.

I did a CTOS check on Sung Master (I can’t share the screenshot for obvious reasons) and noticed that one of the major customers for the company is actually Aset Kayamas. If you link the acquisition of properties – which could be involved in operational and management, it is very likely that KANGER would receive construction projects from Aset Kayamas, while supplying building materials to them, which would land a strategic partnership between the two parties.

But there are more to it.

Potential RTO In Place

Dated 4th of October, we noticed that an emergence of a new substantial shareholder – Miss Chai Woon Yun, which holds approximately 9.3% of KANGER shares after the rights issue. A quick background check on Miss Chai and we would note that she was actually the daughter of the founder of Aset Kayamas.

Construction Recovery Theme

In the month of October, we had seen significant of cash inflow into the construction segment. This is largely due to the market believes the sector would be benefited from the economical reopening of the market. Not to mention the upcoming budget might also weight in more for the sector.

Backtracking on KANGER’s proposal to diversify into the construction segment, the company is currently applying for the highest CIDB license – G7 to undertake its existing construction orderbook which is worth about RM1.0 billion in total size. Assuming that the orderbook would last KANGER for 3 financial years, each financial year would be left with RM333.3 million, which is approximately 20 times of normalized financial year 2022 first quarterly performance.

KANGER had also acquired Sung Master Holdings Sdn Bhd for a total sum of RM94.8 million for a 51% stake in the company.

At the first glance, KANGER could benefit from the capital gain of the properties, but there is more to it.

With the strategic partnership with Aset Kayamas, KANGER could operate and lease the 126 units while waiting for the capital gain of the investment, this could bring a more consistent cashflow to KANGER and ultimately benefit from the acquisition in two ways – operating & managing, and finally monetize the projects via disposal at a certain profit.

As for proxies, property developers with projects in Genting might be benefited from the tourist recovery to be back to c. 28.7 million in CY 2019. Some names such as TROP (KLSE: 5401) and NCT (KLSE: 0056) had projects around Genting, which could benefit from it, too.

But amongst all the companies mentioned, KANGER should be the most undervalued of all.

In February 2021, the company had entered into a SPA with the potential Reverse Takeover Target (RTO) company – Aset Kayamas Sdn Bhd for the acquisition of 126 units of serviced apartments in Genting for RM142.87 million in Tower A.

We had seen a significant recovery in footfall alongside with US$800 million investment by GENM into Genting SkyWorlds which is expected to be opened soon, the property prices in the area are expected to increase in tandem with the growth in footfall and tourism income.

KANGER (KLSE: 0170) – A change in investment landscape

The bamboo maker cum vaccine supplier had a radical change in their fundamentals, and yet market is pricing them at the “old” KANGER point of view. However, it is time for investors to relook into KANGER with their new proposition in the property and construction segment.

Genting Tourism Boom

I’m sure plenty of you had seen videos with regards to footfall in Uncle Lim’s favourite spot in Genting, and at the first glance we would think that the beneficiaries should be GENM (KLSE: 4715) and the holding company GENTING (KLSE: 3182). But on a more rational standpoint, both of the company had seen quite a substantial increase in share price ever since the rapid vaccination program and huge reduction in number of COVID-19 cases.

In other words, the investment reward for GENM and GENTING had become relatively lesser.

With everything slolwly open up, I strongly believe the collecting wave will be over pretty soon and kanger will start to goreng

I personally feel very optimistic about this, volume picking up and the stock gaining lots of traction recently

Goreng goreng incoming, so many bullish news for kanger recently

Today price spike just show that kanger truly is getting the traction and ready to fly soon

@seejovin88 any new is good for kanger overall, its just bring traction to the company.

Yup. everything opening up now, time for kanger to fly again

Bullish news, big potential on reverse takeover

Kanger back to business! 8 sen next target !

@rr1688 yup so many nice penny stock

today seems quite here, no keyboard warrior today?

DNEX looking good

Wondering why even with good result, price still dropping. Someone is manipulating??

Last day for RI, gogogogo

Back to 6 cents, lets go kanger

Philippines gonna start using hayat vax

https://www.reuters.com/world/asia-pacific/philippines-approves-emergency-use-hayat-vax-vaccines-2021-08-11/

Dont worry, strong support showing now

Already 28% of population vaccinated, the market will limit up sooner than later

https://www.theedgemarkets.com/article/covid19-malaysias-daily-vaccination-doses-357981-aug-10-283-population-fully-inoculated

Key Point:

“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. For the FYE 30 June 2021, Sung Master is estimated to deliver a strong profit after tax and revenue of approximately RM20.0 million and RM115.0 million respectively.”

Kanger confident of returning to the black in FY2022, driven by new construction business

https://klse.i3investor.com/blogs/Stockwinners/2021-08-03-story-h1568937087-IMPORTANT_KANGER_CAN_REALLY_TURN_BLACK_IN_THE_NEXT_QUARTERS.jsp

Profit FY2021 is roughly 20m~ , you heard it here first

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.

https://klse.i3investor.com/blogs/highrewardking/2021-07-27-story-h1568817764-Kanger_Receives_Shareholders_Approval_For_Proposed_Acquisition_Of_Sung_.jsp

“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.

“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.”

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

Kanger Executive Director, Steven Kuah Choon Ching 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.

Acquisition will bring good profit, it will still be good for Kanger in the long term

Short term tp at 0.75 is still a 15% profit, seems good for me

Kanger is one step closer in becoming a integrated player in the construction & trading in building material. Definitely more to expect from Kanger in the future

Hahaha, hard to limit up. But still hope for the best

approved already, time to fly!!

Kanger enters deal to buy five million doses of Sinopharm Covid-19 vaccines

https://www.theedgemarkets.com/article/kanger-enters-deal-buy-five-million-doses-sinopharm-covid19-vaccines

Kanger enters deal to buy five million doses of Sinopharm Covid-19 vaccines


https://www.theedgemarkets.com/article/kanger-enters-deal-buy-five-million-doses-sinopharm-covid19-vaccines

engine is warming up right now, something big is coming