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%

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.

@Konnichiwa. Sorry. Yes the AGM and EGM will be held on 26 March.

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..

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvesting 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

@roger3210

----
...15 sen or lower... Are you targeting this prices... psttt psttt jangan menggila di sini..

4 days ago

Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

If aneka really a junk.... roger3210 won't bother be here... Goncang pokok untuk dapat buah luruh... That's roger3210 style...

...15 sen or lower... Are you targeting this prices... psttt psttt jangan menggila di sini..

pstt!!! psttt!. Orang gila talak sedang meroyan di sini.. Awas nanti berjangkit.. He He He

Revenue increase by RM13.3 million in current financial quarter ended 31 December 2023 (“Q1 2024”) as compared to the corresponding quarter ended 31 December 2022 (“Q3 2023”) which was mainly due to significantly increase in the sales generate from trading of building materials. This segment has also contributed a higher profit margin and gives rise to gross profit recorded in Q1 2024 as compare to gross loss in Q3 2023.

3. The Group recorded a positive net operating cash flow of RM31.3 million during the financial period under review.
------------
This cash flow thing also a good sign of a recovery story on Kanger..... Hope the company will be better managed...

@roger3210

Please read:

1. Price Target
Econpile Holdings - Continues to Endure Hardships; Stay SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.29
Last Price : 0.345, Upside/Downside : -0.055(15.94%)

2. Quarter Result: EconBHD
Quarter Result on 31-Dec-2023[#2] QoQ - -216.98% YoY - -518.84%.

Keep monitoring....