Jus for dear friend SincereStock..
https://www.isaham.my/sector/new-shariah

@JJPTR (the naysayer)... You better search for the news yourself.
Changed the tune after been caught to be spreading the false information... Yeah

Sell on news mentality... He He He

Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023 has been paid on 26 March 2024.

Base on my BRIEF study on the QR3 2024 (The latesr QR) of Itronic:

(Note: A comparative figures from QR2 2024 included)


A: Sitting on negative reserve / accumulated loss widend to RM 8,046,278.

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 1,089,007 – Means still has a low indebtedness risk.

D. Revenue up tremendously from the last quarter and the gross loss and net loss were decreased.


THE FINDINGS:

1. NTA 5 sen _ , QR2 2024 @ 5 sen.
2. NOSH 707.59 mil. _ , QR2 2024 @ 707.59 mil.

3. EQUITY
Share Capital RM 43,472,963 _ , QR2 2024 @ RM 43,472,963
Reserves / (accumulated losses) (RM 8,046,278) _ , QR2 2024 @ (RM 7,735,583)
Shareholders' funds RM 35,426,685 _ , QR2 2024 @ RM 35,737,380
Non-Controlling Interest RM 0 _ , QR2 2024 @ RM 0
TOTAL EQUITY RM 35,426,685 _ , QR2 2024 @ RM 35,737,380

4. Cash and Cash Equivalent:
Cash and bank balances RM 4 ,517 _ , QR2 2024 @ RM 1,441,030

5. Assets:
Current Assets RM 74,109,474 _ , QR2 2024 @ RM 73,506,067
Non-current Assets RM 15,224,293 _ , QR2 2024 @ RM 15,301,611
TOTAL ASSETS RM 89,333,767 _ , QR2 2024 @ RM 88,807,678

6. Liabilities:
Current Liabilities RM 52,818,075 _ , QR2 2024 @ RM 51,924,835
Non-current liabilities RM 1,089,007 _ , QR2 2024 @ RM 1,145,463
TOTAL LIABILITIES RM 53,907,082 _ , QR2 2024 @ RM 53,070,298

7. QR3 2024 results - Revenue RM 16,881,800 _ , QR2 2024 @ RM 6,962,162
- Gross profit / (loss) (RM 485,678) _ , QR2 2024 @ (RM 2,111,163)
- Net profit/(Net loss) (RM 2,161,615) _ , QR2 2024 @ (RM 3,360,151)

Note 1:

For the current quarter and year-to-date period ended 31 March 2024, the Group reported revenue of RM16.88 million and RM54.06 million respectively. Among these RM54.06 million, 99.31% was generated by the Hong Kong subsidiary, which primarily engages in the sales of watches. Malaysia operation which focusing on electronics & system integration operation, contributed RM0.12 million for the current quarter and RM0.37 million for year-to-date ended 31 March 2024.

For the current quarter and year-to-date period ended 31 March 2024, the Group incurred a loss before tax of RM2.16 million and RM5.00 million, respectively. The higher losses for the period ended 31 March 2024 primarily due to increased operating expenses resulting from accounting adjustment, particularly the recognition of an unrealised loss of RM2.13 million on outstanding debts owed to creditors. In addition, finance cost amounting to RM0.97 million mainly from third parties borrowing, have further increased overall loss
impact on the Group's financial performance.

Note 2:

The Group experienced a significant increase in revenue, rising from from RM6.96 million to RM16.88 million, reflecting a growth of RM9.92 million or 142%. This growth was primarily attributed to improved sales from watch operation. The Group recorded a slightly higher loss before tax of RM2.16 million compared to RM2.11 million in the preceding quarter mainly due to a decrease in profit contribution from associate, which amounted to RM0.01 million for the current quarter as compared to RM0.09 million in preceding
quarter.

Note 3: Prospects

The Group anticipates that its performance for the financial year ending 30 June 2024 will be satisfactory in view of the improved sales performance in the watches trading segment. The Group will continue to focus on improving its e-commerce platform to deliver better user experience and increase customer satisfaction.

The Group intends to penetrate into new markets by establishing Halal Food & Beverage restaurants and Halal Convenience Stores in Hong Kong. Addtionally, the Group has entered into a Project Management Contract to serve as the Project Management Company for the proposed development of hotel and golf course in Pulau Langkawi. The Board believes that these business will generate positive cash flow for the Group and contribute to enhancing shareholders' value.

@JJPTR
Look at this report:

Diversified into new construction business aimed at deriving
synergy with the property investment and management segment.
• Acquired 51% stake in building materials supplier, Sung Master
Holdings Sdn. Bhd. for RM94.8 million. Acquired 126 units of
service apartments at Antara @ Genting Highlands for RM142.87
million.
• One of the new subsidiaries, Kanger Medical International Sdn.
Bhd. is making inroads into the healthcare industry by sourcing for
face masks and Covid-19 vaccines.

Note: Please refer Kanger Annual Report 2023 - Page 6.

BUTT lately Kanger announced only buy 15units of Antara condo..

....................
This 15 units Antara condo proposed to be bought is the additional units of condo.

https://www.malaysiastock.biz/Company-Announcement.aspx?id=1519668

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KANGER INTERNATIONAL BERHAD ("KANGER" OR "COMPANY") - PROPOSED ACQUISITION BY KIB GLOBAL RESOURCES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KANGER, OF 15 UNITS OF SERVICED APARTMENTS LOCATED AT BLOCK A, ANTARA, GENTING HIGHLANDS, SITED ON A PIECE OF FREEHOLD LAND HELD UNDER TITLE NO. GRN 45572, LOT 43031, MUKIM BENTONG, DAERAH BENTONG, NEGERI PAHANG FROM THE DEVELOPER, NAMELY ASET KAYAMAS SDN BHD ("PROPOSED ACQUISITION")

Please be noted:
"The Developer has agreed to sell and Purchaser has agreed to purchase fifteen (15) parcels of units with vacant possession in the proposed Block A of the said Development more particularly described in “Annexure D"

@JJPTR.
Some details about the terminated contracts of contractors..

Is it the contract completely supposed to build Antara Condo foundation? If not, it's a false information created by YOU.
-----------

5. A Collaboration Agreement between Kanger Ventures and Multiple Novation, relating to a multiple constructions works.

Progress of the agreement:

a) Based on an announcement at BURSA dated 15 January 2021

The Board of Directors of Kanger International wishes to announce that its wholly-owned subsidiary, Kanger Ventures Sdn Bhd, had on 15 January 2021 entered into the following Collaboration Agreements.

a) Qbeez Holdings Sdn Bhd and Kanger Ventures in respect of Letter of Award dated 6th July 2018 for construction of main building works of the project of development of three (3) blocks of affordable apartment on Lot 52957, Jalan Desa, Taman Desa, Mukim Kuala Lumpur, Wilayah Persekutuan (“Qbeez Project 1”);

b) Qbeez Holdings Sdn Bhd and Kanger Ventures in respect of Letter of Award dated 28th December 2018 for construction of building and external works for the project of development two (2) blocks apartment on PT 15659, Jalan Indrahana 3, Mukim Petaling, Kuala Lumpur, Wilayah Persekutuan (“Qbeez Project 2”);

c) Lead Pinnacle Sdn Bhd and Kanger Ventures in respect of Letter of Award dated 28th October 2019 for construction of piling and foundation works of the project of construction of a temporary gallery on PT 23923, (H.S.(D) 18603) Genting Highlands, Mukim Bentong, Daerah Bentong, Negeri Pahang (“Lead Project 1”);

d) Lead Pinnacle Sdn Bhd and Kanger Ventures in respect of Letter of Award dated 7th July 2020 for construction of foundation and main building works for the project of a mixed development of two (2) blocks of service apartment on PT 23923, (H.S.(D) 18603) Genting Highlands, Mukim Bentong, Daerah Bentong, Negeri Pahang (“Lead Project 2”);

e) Deseo Engineering Sdn Bhd and Kanger Ventures in respect of Letter of Award dated 13th April 2018 for construction of main building works for the project of a development of two (2) blocks of affordable apartments and two (2) blocks of apartment on Lot 55121, Jalan Jujur, Bandar Tun Razak, Cheras, Kuala Lumpur (“Deseo Project”);

f) Enduring Power Sdn Bhd and Kanger Ventures in respect of Letter of Award dated 1st June 2019 for construction of main building works for the project of a development of two (2) blocks of service apartment on Lot 1351 & 1377, Jalan Padang/Jalan Padang Walter Grenier dan sebahagian simpanan Jalan, Seksyen 67, Bukit Bintang, Bandar Kuala Lumpur (“Enduring Project”).

- Any approval required from the relevant authority and shareholders in a general meeting of the Company to undertake this collaboration herein contemplated;
- The Parties shall fulfill the above conditions within 90 (ninety) days from the date of these agreements or such extended date as shall be mutually agreed in writing by the Parties (Cut-Off Date).

JJPTR... Don't talk nonsense.
1. Now latest i read Kanger terminate the contractor who is supposed to build the foundation for the Genting condo project, --- Answer... Are you sure the contract is supposed to build the foundation of ANTARA CONDO project?
2. BUTT lately Kanger announced only buy 15units of Antara condo...
My answer. Please notify your source. As I know, the company even propose to buy more condo @ their latest announcement about the Antara condo purchase.

Base on my BRIEF study on the QR2 2024 of Kanger:

Summary:
The company
A: Sitting on negative reserve.

B. Recorded net loss for the last TWO consecutive quarters.
QoQ, revenue down and net loss widened.

C: Not a cash rich company.

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

E. Has nil non-current liabilities: Means has more oppurtunity to take a loan to finance its future project / investment.


THE FINDINGS:

1. NTA 31 sen (down from 45.1 sen @ last QR1 2024).
2. NOSH 731.58 mil.

3. EQUITY
Share Capital RM 433,234,000
Reserves / (accumulated losses) (RM 206,530,000)
Shareholders’s equity RM 226,704,000
Non-Controlling Interest RM 0
TOTAL EQUITY RM 226,704,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 560,000

5. Assets:
Current Assets RM 36,431,000
Non-current Assets RM 204,544,000
TOTAL ASSETS RM 240,975,000

6. Liabilities:
Current Liabilities RM 14,271,000
Non-current liabilities RM 0
TOTAL LIABILITIES RM 14,271,000

7. QR2 2024 results :
- Revenue RM 9,969,000 (down from QR1 2024 of RM20,691,000)
- Gross profit RM 1,985,000
- Net profit / (loss) (RM 1,464,000) (up from QR1 2024 loss of (RM382,000)

Note 1:

Revenue decrease by RM13.3 million in current financial quarter ended 31 March 2024 (“Q2 2024”) as compared to the corresponding quarter ended 31 March 2023 (“Q4 2023”) which was mainly due to significantly decrease in the sales generate from Sung Master Holdings Sdn Bhd on trading of building materials. Besides, Q2 2024 has recorded loss after taxation of RM0.7 million as compared to the profit of RM1.6 million in Q4 2023. This was mainly due to loss on disposal of motor vehicles which has contributed a total of RM1.1 million in current financial quarter.

Note 2:

The Group recorded loss after taxation of RM0.7 million as compared to profit after taxation of RM0.6 million in Q1 2024. The loss was recorded in Q2 2024 was mainly due to non-recurring expenses such as loss on disposal of motor vehicles of RM1.1 million.

Note 3: Prospects

????????

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

Summary:

The company

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

B. Recorded net profit for FOUR quarter of last FIVE latest quarters.

C. Not a cash rich company.

D. Total assets > Total liabilities, Total current assets > Total current liabilities,

E. In the process of settling the PN17 issues.

On 2 May 2024, Bursa Securities granted an extension of time of six (6) months up to 31 October 2024 to submit its regularisation plan to the relevant regulatory authorities. The Group is in the process of formulating the Proposed Regularisation Plan for submission.

The Group is of the opinion that the Proposed Regularisation Plan once formulated and implemented after obtaining the approval from relevant authorities, will enable the Group to generate sufficient cash flows to meet its obligations and continue sustainable and viable operations.

THE FINDINGS:

1. NTA 19 sen (up from 18 sen @ last QR4 2023.)
2. NOSH 844.92 mil.

3. EQUITY
Share Capital RM 84,495,000
Reserves / accumulated profit RM 74,252,000
Shareholders’s equity RM 158,747,000
Non-Controlling Interest (RM 331,000)
TOTAL EQUITY RM 158,416,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 3,068,000

5. Assets:
Current Assets RM 325,653,000
Non-current Assets RM 430,359,000
TOTAL ASSETS RM 756,012,000

6. Liabilities:
Current Liabilities RM 207,602,000
Non-current liabilities RM 389,994,000
TOTAL LIABILITIES RM 597,596,000

7. QR1 2024 results :
- Revenue RM 7,321,000
- Gross profit RM 4,445,000
- Net profit RM 4,070,000


Note 1

The Group’s revenue of RM7.3 million for the current quarter ended 31 March 2024 was lower than the
revenue of RM9.7 million registered in the same quarter of Financial Year (“FY’) 2023 by RM2.4 million. The lower revenue is principally due to reduced revenue from local projects.

The Group reported a profit before zakat and taxation (“PBZT”) of RM4.8 million in the current quarter under review compared to a PBZT of RM2.3 million in the corresponding quarter of FY2023. The improved performance is mainly due to lower interest expenses of RM6.2 million (Quarter 1 FY2023: RM 7.1 million) and higher unrealised foreign exchange gain of RM3.7 million (Quarter 1 FY2023 : RM 1.2 million).

Note 2

In the current quarter ended 31 March 2024, the Group reported higher revenue of RM7.3 million compared to the preceding quarter revenue of RM4.2 million. The higher revenue of RM3.1 million for the current quarter is principally due to higher revenue from local projects.

In the current quarter ended 31 March 2024, the Group reported lower profit before taxation of RM4.8 million compared to the preceding quarter profit before taxation of RM48.7 million. Included in the preceding quarter results is the reversal of accrued bank borrowings interest of RM55.1 million arising from the rescheduling agreement dated 15th December 2023.

Note: Prospects

The Group is in the process of resolving the ongoing PN17 issues. The Group is continuously looking for projects/contracts via tendering and is cautiously optimistic of the future prospects of the Group.

The Group is in the midst of evaluating and formulating its proposed regularisation plan to streamline its financial conditions and improve the Group’s performance.

Haiyahhhhh. Still pon danman kah BOD????

Improved its revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
34,700K 5,572K 4,248K 0.77sen 24sen Up 4% Up 2444%

Base on my BRIEF study on the QR1 2024 (The latest QR) of Wegmans:

(Note: A comparative figures from QR4 2023 included)


A: Improved its revenue, profitability and NTA.

Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
34,700K 5,572K 4,248K 0.77sen 24sen Up 4% Up 2444%

B: Sitting on positive reserve / Retained profits of RM83,746, 000. It means, the company is a profitable company.

C: Has a moderate cash and cash equivalents of RM 18 mil.

D. 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.

E. 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 24 sen _ , QR4 2023 @ 23 sen.
2. NOSH 550.54 mil _ , QR4 2023 @ 550.54 mil.

3. EQUITY
Share Capital RM 68,155,000 _ , QR4 2023 @ RM 68,155,000
Treasury shares (RM 94,000) _ , QR4 2023 @ (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR4 2023 @ (RM 22,100,000)
Retained profits RM 83,746,000 _ , QR4 2023 @ RM 82,245,000
Equity Attributable To Owners Of The Company RM 129,707,000 _ , QR4 2023 - RM 128,206,000
Non-Controlling Interest RM 1,575,000 _ , QR4 2023 @ (RM 1,541,000)
TOTAL EQUITY RM 131,282,000 _ , QR4 2023 @ RM 129,747,000

4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM18,243,000 _ , QR4 2023 @ RM 19,855,000

5. Assets:
Current Assets RM 70,774,000 _ , QR4 2023 @ RM 72,635,000
Non-current Assets RM 115,238,000 _ , QR4 2023 @ RM 116,306,000
TOTAL ASSETS RM 186,012,000 _ , QR4 2023 @ RM 188,941,000

6. Liabilities:
Current Liabilities RM 24,555,000 _ , QR4 2023 @ RM 27,860,000
Non-current liabilities RM 30,175,000 _ , QR4 2023 @ RM 31,334,000
TOTAL LIABILITIES RM 54,730,000 59,194,000 _ , QR4 2023 @ RM 59,194,000

7. QR1 2024 results
- Revenue RM 34,700,000 _ , QR4 2023 @ RM 31,417,000
- Profit before tax /(loss) RM 5,572,000 _ , QR4 2023 @ RM 5,315,000
- Net profit/ (Net loss) RM 4,282,000 _ , QR4 2023 @ RM 4,142,000


Note 1:

The Group’s revenue for the current financial quarter ended 31 March 2024 has increased by
RM11.65 million or 50.56% to approximately RM34.70 million as compared to approximately
RM23.05 million in the preceding year corresponding quarter ended 31 March 2023.

The higher revenue was mainly attributed to the higher sales volume from North and South America.

The Group registered a profit before tax of approximately RM5.57 million for the current financial quarter ended 31 March 2024 as compared to profit before tax of approximately RM0.25 million for the preceding year corresponding quarter ended 31 March 2023.

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 March 2024, the Group’s revenue has increased by
RM3.28 million or 10.45% to approximately RM34.70 million as compared to approximately RM31.42 million in the preceding financial quarter ended 31 December 2023. The higher revenue was mainly attributed to the higher sales volume from North and South America.

Note 3: Prospects

The Group confronts global economic uncertainties, increased production costs, and foreign currency fluctuations. However, the strengthening of United States Dollar (“USD”) against Ringgit Malaysia is expected to offset the negative impacts as majority of the Group's revenue are denominated in USD.

The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.

Want to see its incoming QR results... Has a power or not?

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.
-----------
This statement by the company will be tested next week through its incoming QR3 2024. Hope for the best...

The incoming QR1 2024 at the end of this month... Hope will see a good results...

Base on my BRIEF study on the latest QR3 2024 of FAJAR:

A: The company is improving its profitabilty.

B. Still sitting on accumulated profit of RM179,368,000 (80.9% of its share capital)

C: A nett cash company (RM 92,219,000)

D. Total assets > Total liabilities, Total current assets > Total current liabilities,

E: Project oderbook is sufficient as currently, the company order book stands at approximately RM1.10 billion for the continiuing operations and generating revenue for short term.


THE FINDINGS:

1. NTA 0.5631 sen (up from 0.523 sen)
2. NOSH 744.69 mil.

3. EQUITY
Share capital RM 221,534,000
Treasury shares (RM1,655,000)
Warrant reserves RM9,535,000
Other reserves RM1,110,000
Fair value reserves RM8,037,000
Foreign currency translation reserves (RM305,000)
Retained profits RM179,368,000
Equity attributable to owners
of the Company RM417,624,000
Non-controlling interests RM 17,055,000
TOTAL EQUITY RM 434,679,000

4. Cash and Cash Equivalent:
Fixed deposit with licensed banks RM 9,429,000
Cash and bank balances RM 82,790,000
Total RM 92,219,000

5. Assets:
Non-current Assets RM 197,803,000
Current Assets RM 410,999,000
TOTAL ASSETS RM 608,802,,000

6. Liabilities:
Current Liabilities RM 154,625,000
Non-current liabilities RM 19,498,000
TOTAL LIABILITIES RM 174,123,000

7. Last QR result- Revenue RM142,647,000
Gross profit RM 36,329,000
- Net profit RM 27,188,000

Note 1:
The Group recorded revenue of RM142.65 million and profit before tax of RM29.12 million in the current quarter, compared to revenue of RM46.66 million and profit before tax of RM3.30 million in the preceding year corresponding quarter. The higher revenue was mainly contributed by Property Development and Construction segments, whereas, the profit before tax was mainly attributed by the Property Development segment.
Note 2:
In the current quarter ended 31 March 2024, the Group posted a revenue of RM142.65 million and profit before tax of RM29.12 million, which is an increase of 13% and 19% respectively from the immediate preceding quarter ended 31 December 2023.
The increase in revenue and profit before tax for the current quarter were mainly due to higher work progress at Vierra Residence @Kinrara from the Property Development segment.

Note 3: Prospects

In March 2024, our Group's Construction segment successfully secured a contract from Tanjung Nakhoda (M) Sdn Bhd ("Tanjung Nakhoda") for the construction of Johor Golf & Country Club ("JGCC"), valued at RM120.82 million. In the same month, the Group also attained a Delivery Phase (Early Works) contract from the Australian

Department of Defence, valued at RM11.04 million. This recent achievement further bolsters our Group's involvement in the design and construct infrastructure project to redevelop military facilities at the Royal Malaysian Air Force (RMAF) Base Butterworth, Penang. Consequently, the cumulative value of contracts secured by the Group for the RMAF project now stands at RM23.34 million.

Currently, our order book stands at approximately RM1.10 billion, with RM117 million consists of internal development projects. We are actively pursuing new construction opportunities through tendering processes in both the private and government sectors, with a combined value of RM4.8 billion.

For me, it has a good fundamental and has a very good prospects. TAYOR

@LY Hoh. Yes. Agree. Especially for those who want to play for midterm investment.
I'm a newcomer here. Bought some @6 and 6.5 sen.

Peram dulu. Holding it tightly. Add more if the price drop to 5 sen and below.

Dear OKU_2020... Pon danman only can cry and goyang-goyang.

Real man will bravely takes risks and win...

@OKU_2020...
I have some newly bought WB and mother shares. Both are still in paper loss.
Will add more WB if it collapse to 1 sen.. Also will add more mother share at suitable price.

WB will be expired on Sept 2026...

Dear OKU_2020... Pon danman only can cry and goyang-goyang.

Real man will bravely takes risks and win...
---------------

Buy 01/06/2023 06/06/2023 KANGER-WB 5,000 0.0100
Buy 13/06/2023 15/06/2023 KANGER-WB 57,000 0.0100
Buy 30/06/2023 04/07/2023 KANGER-WB 1,000 0.0150
Buy 05/09/2023 07/09/2023 KANGER-WB 442,000 0.0150
Buy 07/09/2023 11/09/2023 KANGER-WB 132,000 0.0150
Buy 12/09/2023 14/09/2023 KANGER-WB 200,100 0.0150
Sell 06/10/2023 10/10/2023 KANGER-WB 228,100 0.0450
Buy 09/10/2023 11/10/2023 KANGER-WB 392,200 0.0379
Buy 11/10/2023 13/10/2023 KANGER-WB 534,000 0.0300
Sell 11/10/2023 13/10/2023 KANGER-WB 334,000 0.0350
Buy 13/10/2023 17/10/2023 KANGER-WB 50,100 0.0300
Buy 16/10/2023 18/10/2023 KANGER-WB 53,000 0.0300
Sell 16/10/2023 18/10/2023 KANGER-WB 50,100 0.0350
Sell 17/10/2023 19/10/2023 KANGER-WB 250,200 0.0350
Buy 23/10/2023 25/10/2023 KANGER-WB 104,000 0.0300
Sell 25/10/2023 27/10/2023 KANGER-WB 499,000 0.0350
Buy 27/10/2023 31/10/2023 KANGER-WB 157,000 0.0350
Buy 30/10/2023 01/11/2023 KANGER-WB 96,000 0.0350
Sell 01/11/2023 03/11/2023 KANGER-WB 774,000 0.0300
..............

Yes..
MISS FLORENCE WONG WEI WEI
Date interest acquired 08 May 2024
No of securities 182,200,000
Circumstances by reason of which Securities Holder has interest Acquisition of shares via open market
----------
MR HO JIEN SHIUNG
Date interest acquired 08 May 2024
No of securities 122,800,000
Circumstances by reason of which Securities Holder has interest Acquisition of shares via open market

QR announcement @ end of this month...
Apakah pon danman akan tumbuh kembali "kepalanya" ?

Goyang jangan tak goyang OKU_2020. Goyang goyang kasi keluar angin!!

As expected, Kiu Cu Seng disposed all of his shareholding @305,116,500 in open market. Who bought his shares... The bilis?

QR1 2024 announcement @ the end of this month... Hope for a good results...

1. Kiu Cu Seng 305,116,500 15.00
2. Sanichi Technology Berhad 97,960,000 4.82
3. Cheng Li Ping 63,685,200 3.13
4. TA Nominees (Tempatan) Sdn. Bhd. 56,000,000 2.75
Pledged Securities Account for BSL Corporation Sdn. Bhd.
5. Sanichi Technology Berhad 44,000,800 2.16
6. HLB Nominees (Tempatan) Sdn. Bhd. 41,300,000 2.03
Pledged Securities Account for Yeoh Poh Choo
7. Ang Kian You 41,272,100 2.03
8. Lau Ting Hwa 27,250,000 1.34
9. Ang Kian You 20,358,900 1.00

OKU_2020.. Fasten your pant... If not, you are going to be a pon danlah. He He He

Kepala potong... Jadi pon danlah kamu OKU_2020 wei???
Bilakah kamu boleh jadi jantan sejati??? He He He

OKU_2020 always negative on his targeted counter... But still pon danly rocking and supposedly going for fishing?

On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad had on 29 March 2024 submitted an application for an extension of time to submit a regularisation plan to Bursa Securities (“EOT Application”).
The EOT Application is currently pending decision from Bursa Securities.
-----------

I think have to wait for a couple of times...

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

OKU_2020 always negative on his targeted counter... But still pon danly rocking and supposedly going for fishing?

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....

Posted by MZM2511 > 1 month ago | Report Abuse

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..

Posted by MZM2511 > 1 month ago | Report Abuse

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

The PP exercise will be completed on 29 April 2024, the day all the PP shares listed..

.... Net Profit (TTM) -109.94M, NTA 0.022, Net Cash (RM) -323.38M

A very good company, fundamentally.. He He He

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

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

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.