2. The consolidation made by the company gave strength to the company's account / financial position . Especially to overcome the problem of losses during the structuring / disposal of subsidiaries. Even now , after restructuring , NTA can still be at a level of 40 sen plus.

It can be a buffer even if the company has to suffer operating losses in the next few quarters .

Guys, with an open heart can analyse this:

Based on QR5 2023:
Net Debt Ratio.
Net Debt = Gross Debt – Cash and Cash Equivalents
= (Current liabilities + Non-current liabilities) - Cash and cash equivalents
= (RM48,619,000 + RM2,364,000) - RM621,000
= RM50,983,000 - RM621,000
= RM50,362,000. (Be noted that the investments value including the Genting condo is not accounted as the company’s cash equivalent because its classified under Investment properties (non-current assets).
The net debt value is positive. A positive net debt implies that Kanger possesses lack of cash and cash equivalents than its financial obligations, and hence is more financially unstable. The problem concerning its lack of cash and cash of equivalent also will dampen company’s ability in its operational expanses. Therefore, I rather suggest that one of the possibility for the company to seek for more funding such as by exercising RI or private placement.
Private placement may give a result which there will be a new shareholders invited in the company. The company also could do some divestments of its investment, such as the Genting condo if necessary.
However, the net debt metric should not be used alone to determine a company’s financial health. It should be used in conjunction with other liquidity and leverage ratios such as the current ratio, quick ratio, debt ratio, debt-equity ratio, etc.

Kangers’s Current Ratio
For example we can calculate Kanger's current ratio. The current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables. Kangers' current ratio is current assets - current liabilities = RM141,171,000 / RM48,619,000 = 2.90.
The value is more than 1.0, therefore we can simply say that it's OKAY. (Be noted that while a current ratio is greater than 1.00 indicates that the company has the financial resources to remain solvent in the short term).

Kanger’s Debt Ratio
We can determine Kanger's debt ratio. Kangers's debt ratio = Total debt / Total assets = RM50,983,000 RMRM343,925,000 = 0.14 (means 14%).

The debt ratio is a measure of financial leverage. A company that has a debt ratio of more than 50% is known as a "leveraged" company. As Kanger’s debt ratio is only at 14%, we can simply say that it’s good. Its debt ratio is lower than its equity ratio. It means that the business uses less of debt to fuel its funding.

Anyways, there are more ways to evaluate the company’s financial performances..... TAYOR

@MarioBros.... Another ideas by you, I just can accept and admit it. The counter is in play by insiders or operators. Its up to you to say your own ideas or strategy in this counter.

BUT, the point I got mad at you is about the PN17/GN3 probabilities.
Don't just pouring lies without some analysis on the counter..

Yesssss. OKU_2020 with his BOMB of lies.

@MarioBros.... Another ideas by you, I just can accept and admit it. The counter is in play by insiders or operators. Its up to you to say your own ideas or strategy in this counter.

BUT, the point I got mad at you is about the PN17/GN3 probabilities.
Don't just pouring lies without some analysis on the counter..

@MarioBros. About it shareholder Sii Tung Nai, he's not a pure shareholders in Kanger. He just been substantial shareholder by having payment of its sold shares in his company (partly by cash and partly by shares). The real investor in Kanger for example is Mr Kuah Choon Ching. I think it's more accurate to accept your idea on this if it's involves Mr Kuah Choon Chin who disposed its shares and left the company.

@flatso... Aku memang pantang kalau dalam tread mana-mana saham ada golongan yang hanya nak sebarkan fakta tipu demi mencapai objektif sendiri...

Orang macam nilah saya katakan macam MONKEY yang hanya suka goncang pokok tanpa ambil kira ada buah atau tidak.. That is OKU_2020.

Kalau nak beri pendapat negatif kepada kaunter pun, biar fakta betul dan reasonable.
Thread ni pun public domain... Saya sendiri mengalu-alukan maklumat benar yang mungkin saya sendiri tidak sedar/tidak tahu bagi menilai kaunter ini...

@MarioBros.... you can check this criterias on Kanger's latest accounts....
Is it any of these criterias shown on its account?????

Lain kali kalau nak jadi MONKEY pun jadilah monkey yang ada class... HE HE HE

To educate MarioBros..
Be noted that Kanger is an ACE counter.. Its GN3, not PN17.

The GN3 Relief Measures will be available to the listed issuer if it triggers any one of the following criteria under GN3 of the ACE LR ("Suspended Criteria"):-

a) its shareholders' equity on a consolidated basis is 25% or less of its share capital;
b) It has incurred loss in any 1 full financial year (“FY”) commencing on or after its listing, which is equal to or exceed the amount of its shareholders’ equity at the end of the said FY and its shareholders’ equity is equal to or less than 50% of its share capital at the end of the said FY;

c) it has incurred aggregate losses in any 2 consecutive full FYs commencing on or after its listing (“said financial period”)-

(i) which exceed the amount of its shareholders’ equity at the end of the said financial period;

(ii) the loss incurred in the 2nd full FY of the said financial period is 50% or more of the loss incurred in the 1st full FY of the said financial period; and

(iii) its shareholders’ equity is equal to or less than 50% of its share capital at the end of the said financial period;


d) the auditors have highlighted a MUGC or expressed a qualification on the listed issuer's ability to continue as a going concern in its latest audited financial statements and its shareholders' equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares); and

e) default in payment by the listed issuer, its major subsidiary or major associated company, as the case may be, as announced pursuant to Rule 9.19A of the ACE LR and the listed issuer is unable to provide a solvency declaration to the Exchange.

Guys, with an open heart can analyse this:

Based on QR5 2023:
Net Debt Ratio.
Net Debt = Gross Debt – Cash and Cash Equivalents
= (Current liabilities + Non-current liabilities) - Cash and cash equivalents
= (RM48,619,000 + RM2,364,000) - RM621,000
= RM50,983,000 - RM621,000
= RM50,362,000. (Be noted that the investments value including the Genting condo is not accounted as the company’s cash equivalent because its classified under Investment properties (non-current assets).
The net debt value is positive. A positive net debt implies that Kanger possesses lack of cash and cash equivalents than its financial obligations, and hence is more financially unstable. The problem concerning its lack of cash and cash of equivalent also will dampen company’s ability in its operational expanses. Therefore, I rather suggest that one of the possibility for the company to seek for more funding such as by exercising RI or private placement.
Private placement may give a result which there will be a new shareholders invited in the company. The company also could do some divestments of its investment, such as the Genting condo if necessary.
However, the net debt metric should not be used alone to determine a company’s financial health. It should be used in conjunction with other liquidity and leverage ratios such as the current ratio, quick ratio, debt ratio, debt-equity ratio, etc.

Kangers’s Current Ratio
For example we can calculate Kanger's current ratio. The current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables. Kangers' current ratio is current assets - current liabilities = RM141,171,000 / RM48,619,000 = 2.90.
The value is more than 1.0, therefore we can simply say that it's OKAY. (Be noted that while a current ratio is greater than 1.00 indicates that the company has the financial resources to remain solvent in the short term).

Kanger’s Debt Ratio
We can determine Kanger's debt ratio. Kangers's debt ratio = Total debt / Total assets = RM50,983,000 RMRM343,925,000 = 0.14 (means 14%).

The debt ratio is a measure of financial leverage. A company that has a debt ratio of more than 50% is known as a "leveraged" company. As Kanger’s debt ratio is only at 14%, we can simply say that it’s good. Its debt ratio is lower than its equity ratio. It means that the business uses less of debt to fuel its funding.

Anyways, there are more ways to evaluate the company’s financial performances..... TAYOR

2. The consolidation made by the company gave strength to the company's account / financial position . Especially to overcome the problem of losses during the structuring / disposal of subsidiaries. Even now , after restructuring , NTA can still be at a level of 40 sen plus.

It can be a buffer even if the company has to suffer operating losses in the next few quarters .

@MarioBros. Don't tal kok here. Maybe this guy is the OKU_2020 (With his BOMB lies)..

Do you understand why certain company listed under PN17 or GN3 status???

Let's see an incoming QR release... End of this month.

Let's see. Who is speaking the truth....
More prefer tklim... HE HE HE..

Let's rock$$$$$$$$$$$

Yesssss.... Ready to reload...... soon.. HE HE HE
Let OKU_2020, goncang pokok... Let us rock.....

... And already mention in read the agreement item 10..... don't hantam saja la.
...................

If not PP, RI or issuance of shares to the seller, the other possibilities are loan or RCPS.. He He He
...............

Thanks. Wistlebower99. I,m already noted.

... Just at the end of this month

For me.... Waiting for the incoming quaterly result as a consideration....

Thanks.. @tklim...

1 month ago | Report Abuse

@Patience. Based on QR5 2023:
Net Debt Ratio.
Net Debt = Gross Debt – Cash and Cash Equivalents
= (Current liabilities + Non-current liabilities) - Cash and cash equivalents
= (RM48,619,000 + RM2,364,000) - RM621,000
= RM50,983,000 - RM621,000
= RM50,362,000. (Be noted that the investments value including the Genting condo is not accounted as the company’s cash equivalent because its classified under Investment properties (non-current assets).
The net debt value is positive. A positive net debt implies that Kanger possesses lack of cash and cash equivalents than its financial obligations, and hence is more financially unstable. The problem concerning its lack of cash and cash of equivalent also will dampen company’s ability in its operational expanses. Therefore, I rather suggest that one of the possibility for the company to seek for more funding such as by exercising RI or private placement.
Private placement may give a result which there will be a new shareholders invited in the company. The company also could do some divestments of its investment, such as the Genting condo if necessary.
However, the net debt metric should not be used alone to determine a company’s financial health. It should be used in conjunction with other liquidity and leverage ratios such as the current ratio, quick ratio, debt ratio, debt-equity ratio, etc.

Kangers’s Current Ratio
For example we can calculate Kanger's current ratio. The current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year. It tells investors and analysts how a company can maximize the current assets on its balance sheet to satisfy its current debt and other payables. Kangers' current ratio is current assets - current liabilities = RM141,171,000 / RM48,619,000 = 2.90.
The value is more than 1.0, therefore we can simply say that it's OKAY. (Be noted that while a current ratio is greater than 1.00 indicates that the company has the financial resources to remain solvent in the short term).

Kanger’s Debt Ratio
We can determine Kanger's debt ratio. Kangers's debt ratio = Total debt / Total assets = RM50,983,000 RMRM343,925,000 = 0.14 (means 14%).

The debt ratio is a measure of financial leverage. A company that has a debt ratio of more than 50% is known as a "leveraged" company. As Kanger’s debt ratio is only at 14%, we can simply say that it’s good. Its debt ratio is lower than its equity ratio. It means that the business uses less of debt to fuel its funding.

Anyways, there are more ways to evaluate the company’s financial performances..... TAYOR

2. The consolidation made by the company gave strength to the company's account / financial position . Especially to overcome the problem of losses during the structuring / disposal of subsidiaries. Even now , after restructuring , NTA can still be at a level of 40 sen plus.

It can be a buffer even if the company has to suffer operating losses in the next few quarters .

tklim

IS KANGER GOING FOR ANOTHER ROUND OF SHARE CONSOLIDATION

AND RIGHT ISSUES?????

ANY INFO???? ANYBODY???
------------
Idont think so. PP, ESOS, RCPs or RI are possible..

I don't think so....

Stock: [KANGER]: KANGER INTERNATIONAL BERHAD

1 week ago | Report Abuse

I am no chartist....

Only wondering what should be the reason/s for the price of Kanger shares uptrending from the floor price 3 sen to 12.5 sen.... The uptrend, up to yesterday market showed it was planned to be a gradual basis, not a sharp increase in the share price.

3 days ago
-------------
Still no news. The incoming QR report will be released this month.
I think it should be at least a reason for the insiders/operators to pump the share price....

------------->>>>>>>

A news already out ( The proposal to buy another units of Antara Genting condo...)

I think after this another news probably to follow (How to finance the condo acquisition).

Kanger is out of cash, therefore it can't be financed by internal cash.
Whether the company has to do a PP or RCPS or RI or alotting new shares to the seller.

PP, RI and even alotting new shares dependent to the share price (in determining the cash value of fund to be generated to finance the acquisition of condo.

Therefore it was pushed up to make sure the proposal will be a success... TAYOR

....the cost perunit increased from rm1.2 m to 1.3 mil.

Sale Price Range
RM 398,000 ~ RM 1,988,888
Antara Genting Highland
Jalan Genting Highland, 69000, Pahang
MAP
Residential

77 Results of Property For Sale, at Antara Genting Highland.

https://www.propertyguru.com.my/property-for-sale/at-antara-genting-highland-17988

6. Rumors that suggest there may be a party that might take over Kanger , to me are logical and possible. The take over also can be done by certain new investors subscribing private placement shares.

Agree with both of you. Also think and stated before the needs for PP to finance projects or even for operational. Patience99, the cost perunit increased from rm1.2 m to 13 mil.

@tklim. Thanks.

Will hold the currently holding (####still believe in Kanger) and will monitor the right time to reenter some (bilis style.. He He He)

Not so keen to play with the operator games of shorting (very risky)...
Unless there will be a sign of they are started to reverse their play to upward momentum again.

@55555.
Stock: [KANGER]: KANGER INTERNATIONAL BERHAD

1 day ago | Report Abuse

I'm still half in half out... Still monitoring where the price will go.. North or south...
Ready to reenter if the price is confirms to go north.... TAYOR

Thanks @tklim

Is it a right time to buy again? @tklim.

Thanks @tklim... Cheers

@wistlebower99. Look at this announcement on 3 Mac 20222. Miss Chai Woon Yoon has been cheasing to be substantial share holder on 28 Feb 2022 (means she holds less than 5% shareholding).

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3239820

---------
After not be a substantial shareholder, she can sell even all of her shares without legally bound to annouce it at BURSA.

Another situation also could happen to Sii Tung Nai. He already not a substantial shareholder, therefore it's normal if he already disposed all of his shares in Kanger...

@wistlebower99.
MZM, please check if annual report purposely leave out the name or her disposal was not declared and announced?
-------------
The annual report is a legally bound material. Purposely leave out the name is the crime by any BOD.

@wistlebower99. Don't "SEMBANG KARI".... for the sake of naysaying certain counter....
You are a smart white knight for newbies..... But don't be like OKU_2020, which only akan GONCANG POKOK, tak kira pokok itu berbuah atau tidak....

@wistlebower99. Please check your info.
Based on Kanger Annual Report 2022, Miss Chai Woon Yun - NOT EVEN IN THE LIST OF 30 LARGEST SHARE HOLDERS.....

LIST OF 30 LARGEST SECURITIES ACCOUNT HOLDERS (BASED ON THE RECORD OF DEPOSITORS)

1. Sii Tung Nai 50,583,903 8.39
2. Quah Seik Lee 29,375,890 4.87
3. Merry Noel Robert 20,037,760 3.32
4. M & A Nominee (Asing) Sdn Bhd
- Exempt an for Sanston Financial Group Limited
20,010,000 3.32
5. Choi Khai Chean 13,750,000 2.28
6. CGS-CIMB Nominees (Tempatan) Sdn Bhd
- Pledged securities account for Lee Chong Choon (MP0553)
11,500,000 1.91
7. Kenanga Nominees (Asing) Sdn. Bhd.
- Leng Xingmin
7,694,209 1.28
8. Web City Sdn. Bhd. 7,499,960 1.24
9. Ace Edible Oil Industries Sdn. Bhd. 6,000,000 0.99
10. Choi Lai Yee 6,000,000 0.99
11. Lee Chong Choon 5,218,100 0.87
12. M & A Nominee (Tempatan) Sdn. Bhd.
- Pledged securities account for Soh Choh Piau (M&A)
4,257,200 0.71
13. Ong Chin Kang 4,200,000 0.70
14. Ng Hon Kee 3,429,300 0.57
15. Kenanga Nominees (Asing) Sdn. Bhd.
- Hong Kong Huanshiqu Finance Investment Limited
3,403,703 0.56
16. Kenangan Nominees (Tempatan) Sdn. Bhd.
- Rakuten Trade Sdn. Bhd. for Kenneth Hooi Chi-Kin
3,215,000 0.53
17. Lim Poh Fong 3,001,800 0.50
18. CGS-CIMB Nominees (Asing) Sdn. Bhd.
- Exempt an for CGS-CIMB Securities (Hong Kong) Limited (Foreign Client)
3,000,000 0.50
19. Kenanga Nominee (Asing) Sdn. Bhd.
- Nie Hui
2,942,800 0.49
20. Lay Sook Hwey 2,800,000 0.46
21. AllianceGroup Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities Account for Tan Lian Hong
2,695,500 0.45
22. Koh Soh Hong 2,325,000 0.39
23. Teo Seow Wah 2,310,000 0.38
24. Tan Lee Kock 2,090,000 0.35
25. Chia Hooi Liang 2,000,000 0.33
26. Koh Boon Poh 2,000,000 0.33
27. Ong Yeng Tian @ Ong Weng Tian 2,000,000 0.33
28. RHB Capital Nominees (Tempatan) Sdn Bhd
- Yong Loy Huat
2,000,000 0.33
29. Affin Hwang Nominees (Asing) Sdn Bhd
-Exempt an for Phillip Securities (Hong Kong) Ltd
1,848,300 0.31
30. Syed Sirajuddin Putra Jamalullail 1,805,007 0.30

@wistlebower99 and OKU_2022 supposely holding so many shares in Kanger, therefore they always advice newbies not to invest in Kanger.

TAYOR

The news out....... It will be sell on news as always, or buy on news as what happened to Edaran today.....

I'm still monitoring... Didn't buy nor sell.......

Do not believe it, then make decisions as suggested by OKU_2020.

He is owning so many shares in Kanger, therefore he always advice newbies not to invest in Kanger. So do wistlebower99. He He He.

TAYOR

@JJPTR. Even Mr Sii Tung Nai don't know about operators plan. He disposed the shares at the midle of uptrend.

As the price is @ more than 10 sen, any proposal for PP or ESOS should be set at more than 6 sen.

Thanks@tklim

Just based on my observation:

1. Kanger has done a lot of restructuring including selling companies in the People's Republic of China which involved in bamboo manufacturing and trading.
Several quarters the company recorded a lot of losses . Its should be among the factors that caused the share price to be in a downtrend until it fell to the floor level of 3-4 sen .
The subsidiary disposal process in China has been completed , and I expect that in the next quarter there will be no more loss pressure from subsidiary disposal losses and impairment costs incurred as before .

2. The consolidation made by the company gave strength to the company's account / financial position . Especially to overcome the problem of losses during the structuring / disposal of subsidiaries. Even now , after restructuring , NTA can still be at a level of 40 sen plus.

It can be a buffer even if the company has to suffer operating losses in the next few quarters .

3. Prospects from the purchase of Antara @ Genting condo assets that may generate profits in the future.

4. The profit prospects from trading construction material through Sung Master's, the company subsidiary.

5. The cost of holding Kanger's share by insiders is high , for example those who subcribed RI at a price of 6 sen actually bear the actual cost of 60 sen per share ( after consolidation ).

With that scenario , if they want to exit even from Kanger counter , the logic is that the stock price needs to be increased first to reduce the loss of their probable stock disposal.

Therefore my TARGET ,,,, the share price can reach a price of more than 60 sen ( The time frame factor is difficult to be noted).

6. Rumors that suggest there may be a party that might take over Kanger , to me are logical and possible. The take over also can be done by certain new investors subscribing private placement shares.

Be Careful... and Trade At Your Own Risks!

Still no news. The incoming QR report will be released this month.
I think it should be at least a reason for the insiders/operators to pump the share price....

4 days ago

Do not believe in it, then find another good counter!!!! It's free to make own decision...

Believe it, than make something.... For example some investors whom being trapped before consolidation have done their topup at lower prices. The average cost of their share holding should be lower than 60 sen....

Can it be a jumping stone to break the next resistant which is 15 sen ?????

11.5 sen was the last resistant and should be the new support ????????

I'm still half in half out... Still monitoring where the price will go.. North or south...
Ready to reenter if the price is confirms to go north.... TAYOR

Posted by tklim > Several days ago | Report Abuse

TWO POSSIBILITIES .....

IF KANGER WANTS TO GO NORTH.......

BUY 0.17
Target1: 0.19
Target2: 0.22
Target3: 0.27
Target4: 0.3

================================

IF KANGER WANTS TO GO SOUTH....

SELL 0.13
Target1: 0.11
Target2: 0.1
Target3: 0.07
Target4: 0.03


===============================

PLEASE TAKE NOTE THAT THE OPERATOR CAN SHORT KANGER BECAUSE THEY ARE HOLDING THE STOCKS....THEY CAN PUMP UP AND PUMP DOWN...

FIRST ROUND THE OPERATOR PUMP DOWN
SECOND ROUND THE OPERATOR PUMP UP

THIRD ROUND PUMP UP OR PUMP DOWN.....GOOD LUCK😎