KANGER INTERNATIONAL BERHAD

KLSE (MYR): KANGER (0170)

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Last Price

0.045

Today's Change

-0.005 (10.00%)

Day's Change

0.045 - 0.05

Trading Volume

47,200


15 people like this.

32,325 comment(s). Last comment by OKU_2020 6 days ago

Posted by STEADYBOMBIBI85 > 2021-02-02 17:16 | Report Abuse

Thats Kanger for you

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 17:18 | Report Abuse

Ular cakap many times wait bamboo news thats QR in this month. Ular no more buying until see the bamboo become reality first lah. why keep guessing what price ular want to buy. No bamboo ular will not buy lah Correct?



Posted by STEADYBOMBIBI85 > Feb 2, 2021 5:09 PM | Report Abuse

UlarSawa everyday bark down the price. Think he is waiting for 10C

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 17:19 | Report Abuse

Bcos vaksin dream vanished already lah. no more vaksin promoters believe vaksin lah. Correct?



Posted by z5spyglass > Feb 2, 2021 5:13 PM | Report Abuse

47 million shares traded. Status Unchanged. What a waste of time

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 17:21 | Report Abuse

Why cant you all use common sense one. Bamboo in front of you all dont believe but believe vaksin with only one piece of MOU paper. Really dont understand lah. Correct?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 17:23 | Report Abuse

At least newspaper cutting got show Bamboo plant in China in kanger building right. vaksin apa pun takda only ada MOU paper with black ink. how to contribute income with white paper lah. Use mouth to contribute income kah. wake up lah. correct?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 17:26 | Report Abuse

See the bamboo plant belong to Kanger in china lah. real picture not MOU paper like vaksin lah. Correct?


https://www.thestar.com.my/business/business-news/2020/09/09/kanger-international-on-track-to-be-largest-producer-of-bamboo-products

limitupmeh

1,352 posts

Posted by limitupmeh > 2021-02-02 18:38 | Report Abuse

Mr Deen @ UlarSawa. lu bangsa apa tak reti bahasa ka jgn bark

lee9fold

4,730 posts

Posted by lee9fold > 2021-02-02 19:08 |

Post removed.Why?

lee9fold

4,730 posts

Posted by lee9fold > 2021-02-02 19:14 |

Post removed.Why?

Posted by STEADYBOMBIBI85 > 2021-02-02 21:10 | Report Abuse

UlarSawa supposedly carnivorous but this one one likes bamboo instead.

scenery

2,361 posts

Posted by scenery > 2021-02-02 22:15 |

Post removed.Why?

Posted by Arsenewenger8383 > 2021-02-02 22:25 | Report Abuse

Pharmaniaga get green light from Gov to buy add 2mill sinovac vaccines for foreign workers... hehehe...

Posted by Arsenewenger8383 > 2021-02-02 22:27 | Report Abuse

KUALA LUMPUR (Feb 2): Pharmaniaga Bhd has obtained extra two million Covid-19 vaccine doses from China's Sinovac Life Sciences Co Ltd, on top of the 12 million that it will supply to the government for Malysian citizens.

Its managing director Datuk Zulkarnain Md Eusope told the media in a virtual briefing that the government had told the pharmaceutical firm to offer the extra two million vaccine doses to economic front liners among the government-linked companies (GLCs), foreign workers and expatriates.

Posted by Arsenewenger8383 > 2021-02-02 22:28 | Report Abuse

KUALA LUMPUR (Feb 2): Pharmaniaga Bhd, which is set to supply the Sinovac Covid-19 vaccine to the government, wants the authorities to look into the move by a growing number of non-healthcare firms to diversify into the Covid-19 vaccine distribution business.

“We want to avoid any confusion. Hence, we hope the government looks into this matter seriously, and we hope the public can get the right information," the group’s managing director Datuk Zulkarnain Md Eusop said in response to a question during a virtual media briefing today.

Posted by Arsenewenger8383 > 2021-02-02 22:29 | Report Abuse

Sudah kena complaint.. time to run???

JK22

1,789 posts

Posted by JK22 > 2021-02-02 22:32 | Report Abuse

Why complaint, scare of competition kah? Sudah dapat gomen backing lagi mau complain

JK22

1,789 posts

Posted by JK22 > 2021-02-02 22:34 | Report Abuse

Apa kata semua kasi sama dia itu biz. Kasi dia monopoly.

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 22:47 | Report Abuse

KUALA LUMPUR (Feb 2): Pharmaniaga Bhd, which is set to supply the Sinovac Covid-19 vaccine to the government, wants the authorities to look into the move by a growing number of non-healthcare firms to diversify into the Covid-19 vaccine distribution business.

“We want to avoid any confusion. Hence, we hope the government looks into this matter seriously, and we hope the public can get the right information," the group’s managing director Datuk Zulkarnain Md Eusop said in response to a question during a virtual media briefing today.

Zulkarnain, however, noted that for the time being, these companies are not allowed to distribute the Covid-19 vaccine to the general public, “due to the government's planned vaccination programme, (which is) focused on general public usage”.

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 22:50 | Report Abuse

No general public usage. another blow to kanger vaksin. Correct?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-02 22:52 | Report Abuse

Vaksin no more ppl talking in Kanger lah. Now all start to talk bamboo lah. correct?


Posted by Arsenewenger8383 > Feb 2, 2021 10:29 PM | Report Abuse

Sudah kena complaint.. time to run???

Posted by STEADYBOMBIBI85 > 2021-02-02 23:09 | Report Abuse

Run into the bamboo forest

tajai

82 posts

Posted by tajai > 2021-02-03 01:09 | Report Abuse

Steady bamboo.. Long term..

Posted by STEADYBOMBIBI85 > 2021-02-03 10:49 | Report Abuse

Panda eat too much bamboo shoots full already. So now need to rest.

lee9fold

4,730 posts

Posted by lee9fold > 2021-02-03 13:24 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 13:42 | Report Abuse

Ular not barking. ular sharing bamboo big banner lah
Solution vaksin promoter barking at bamboo ctr. Correct?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 14:33 | Report Abuse

Kanger poised to be largest producer of bamboo products
BRANDED
Wednesday, 09 Sep 20207:57 AM MYT

Kanger group’s main bamboo processing plant in Jingzhou, a venture in collaboration with the local government of the Chinese city.

LISTED on the ACE Market of Bursa Malaysia Securities Berhad, Kanger International Berhad (KANGER, 0170) is on target to become the world’s largest producer of bamboo products with the commencement of a new high-tech bamboo processing plant and R&D centre which was developed in collaboration with the local government of Jingzhou in Hunan Province, China.

Kanger has accumulated vast experience and strong know-how of the bamboo industry, having been involved in the bamboo processing business over the past 16 years.


The group’s main bamboo processing plant was relocated to Jingzhou from its previous location in Ganzhou, Jiangxi Province.

With the relocation, the group entered into a public private partnership arrangement on a 70:30 basis with the local Jingzhou government to construct a new bamboo processing plant and R&D centre that adopts the latest modern processing methods capable of processing raw bamboo into a wide variety of products.

The new plant was built at a total investment cost of CNY200mil (equivalent to RM121mil).

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 14:33 | Report Abuse

X

Strengthening capabilities

“Armed with the support from our strategic partner, the local government of Jingzhou, we are in a strong position to significantly upscale our bamboo processing business to become one of the world’s largest integrated bamboo producers with both upstream (plantation) and downstream (processing, manufacturing and distribution) capabilities, ” said Kanger’s newly appointed executive director Steven Kuah Choon Ching.

“The commencement of our new plant represents a key turning point for the group. One major advantage of relocating our bamboo plant to Jingzhou is the ready availability of raw bamboo there.

“By partnering with the Jingzhou government, they will inject a bamboo plantation concession totalling an estimated 8,431 hectares over three phases.”

“The ready-to-harvest raw bamboo surrounding the plant will serve as a steady source of raw material supply in the production of bamboo products and acts as the key factor in the upscaling of our own bamboo products segment.

“By being less reliant on external supply sources in producing bamboo products, this would prevent us from facing problems such as supply shortages and sudden price hikes which could have material effects on the cost of raw material and our profitability.

“Our venture upstream into bamboo plantation concession represents a critical component in building a resilient business model. A continuous steady stream of raw bamboo supply strengthens the success factor of this project, laying a solid and sustainable foundation for the business, ” said Kuah.

Under Phase one, a surrounding area of approximately 2,430 hectares of fully mature bamboo has been made available.

The group estimates that it will take up to three years to utilise all of the ready-to-harvest raw bamboo for flooring, furniture and building materials which could potentially generate a total revenue of CNY800mil over the three-year period.

In addition, as Kanger does not need to purchase raw bamboo from external sources, this translates to a cost savings of more than CNY300mil for the equivalent amount of raw bamboo available.

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 14:35 | Report Abuse

Future plans

> Import and sale of lamination flooring products from Germany: While the group’s core bamboo processing business was temporarily interrupted due to the relocation of the bamboo plant Jingzhou from Ganzhou, Kanger explored opportunities to distribute other third party products.

In 2018, the group secured the exclusive distributorship in China for the Classen brand of laminated hardwood flooring from Classen GmbH, Germany.

With rising acceptance of the Classen brand in China, Kanger was recently presented with the Excellence Award for Best Supplier to the Chinese Bed & Breakfast Industry at the 2019 International B&B Industry Development Forum and the 2019-2020 Illustrious Brand award by the China Renovation & Construction Alliance.

Sales of Classen products have been encouraging and proved to be a good complement to the group, generating revenue to the group whilst the group scaled down its production of in-house bamboo products to make way for the relocation exercise of the bamboo plant

Large distribution network to support sale of in-house and third party products: To enhance the distribution network of the group’s in-house as well as third party products, the group signed on distributorships with third party dealers across China.

Currently, the group has established a large distribution network which comprises of more than 100 dealer stores across China.

The group is also cooperating closely with its dealers in implementing effective online-to-offline marketing and delivery channels. It has a presence in a number of online platforms, including JD.com, Alibaba’s Taobao, and WeChat.

To grow the export market, Kanger will be opening new international showrooms in Asia, the Middle East, Europe and North America.

> Long-term recurring lease rental income: The relocation of the bamboo processing and manufacturing operations from Ganzhou to Jingzhou freed up land for the group to embark on commercial property development for long-term rental income.

On the land where the previous bamboo processing plant was located, Kanger has constructed two commercial buildings with a total net lettable area of 683,777sqft. The group has signed 10-year agreements to lease these buildings for RM11.1mil a year.

One of the buildings is a purpose-built six-storey “AutoCity” with a net lettable area of 493,062sqft. AutoCity is an integrated complex enabling customers to view and buy cars, accessories and automotive parts from major brands. Car buyers will also be able to enjoy comprehensive after-sales, financing, and auto insurance services there.

The second building is a 19-storey hotel with 190,715sqft of net lettable area and is leased to Ganzhou Fuying Kaili Hotel Management Co Ltd, the operator of Kyriad Marvelous Hotel – an international business hotel brand under the Louvre Hotel Group. With a total of 2,653 hotels across 54 countries worldwide, Louvre Hotel Group is the second largest hotel group in Europe and fifth largest in the world.

> Plans to establish new revenue streams in Malaysia: Backed by a healthy operating cash flow generated by the group’s China operations, the group has set its sights on establishing new revenue streams in Malaysia.

Recently, Kanger purchased a parcel of land measuring 2.2 hectares in Kuala Selangor for RM6.8mil. The group is actively looking out for strategic opportunities with attractive prospects to invest in.

Committed to delivering long-term shareholder value, Kuah concluded: “With the commencement of our new high-tech bamboo processing plant in the fourth quarter of 2020, our financial performance in the coming year will be significantly enhanced by the contributions from the production and sale of our in-house bamboo products.”

“Looking ahead, we are confident that demand for bamboo will see exponential growth driven by its increasing use as a sustainable material for construction and rising consumer awareness on the benefits of bamboo.

“In addition, the R&D centre at the new bamboo processing plant will be utilised to pursue opportunities with regards to modern

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 14:35 | Report Abuse

oo products and uses.

“Meanwhile, our business is also enhanced by the lease income from our two commercial properties which will provide recurring income to the group, thus enhancing our income visibility.”

lee9fold

4,730 posts

Posted by lee9fold > 2021-02-03 15:09 |

Post removed.Why?

Posted by STEADYBOMBIBI85 > 2021-02-03 16:07 | Report Abuse

UlarSawa iis supposedly carnivorous but this UlarSawa is obsessed with bamboo

NoEmo

1,167 posts

Posted by NoEmo > 2021-02-03 16:15 | Report Abuse

Major shareholders wanted to accumulate shares at 8c and below. What's their modus operandi:
1. disposal of their huge holdings at 8c and above level.
2. 500m PP shares that they failed to place out at 16c will be placed out to cronies when the price is suppressed to to below 8c level.
3. activate another ESOS, SIS exercise, etc, to issue another 30% of NOSH or 700m to employees and top executives.

The unscrupulous sharks hv many options on hands to get >1b shares at dirt cheap price. U can nvr beat them as Bursa Securities rules and regulations r full of loopholes for former to exploit right under the latter's nose.

tajai

82 posts

Posted by tajai > 2021-02-03 16:21 | Report Abuse

Suda rugi byk ini konter.. Tpksa hold dulu la.. Taun depan baru tgk balik

NoEmo

1,167 posts

Posted by NoEmo > 2021-02-03 16:29 | Report Abuse

The sharks r now at step 1 of their modus operandi, viz suppress the price gradually by clearing their position. They try to sell as much as possible at more favorable price level. They will dump maximum shares, a few to tens of millions, to those who bid 0.5c lower in cool down period. The cycle will repeat itself in subsequent mkt days to cause the stock price going lower and lower, roughly 1c to 1.5c off weekly. Any hope for a rebound of this manipulated stock is a dream.

NoEmo

1,167 posts

Posted by NoEmo > 2021-02-03 16:35 | Report Abuse

as at this time, 30m shares bidding at 12.5c, mostly the sharks which they will withdraw in cool down period, and retailers alias water fishes, will be cleared by the shares dumping, at 4.50pm.

scenery

2,361 posts

Posted by scenery > 2021-02-03 16:36 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 16:38 | Report Abuse

wow NoEmotion describe until so detail shark moment kah. shark infested in bamboo ctr kah. Like this explain workable or not. Ular dunno lah. Ular see bamboo ada above 10sen ada. Takda bamboo takda 10sen. See apa macam lah. Ular no buying until see QR with bamboo lah. no hurry lah.Long time to go lah Correct?

Posted by STEADYBOMBIBI85 > 2021-02-03 16:40 | Report Abuse

UlarSawa happy cos his TP is coming soon

NoEmo

1,167 posts

Posted by NoEmo > 2021-02-03 16:44 | Report Abuse

do watch out and be cautious if u want to try your luck in Bursa Malaysia which is the favorite hunting ground of the sharks alias major shareholders

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 16:46 | Report Abuse

keep repeating how many time already. dont need quessing what price Ular want to buy. No bamboo in QR ular will not buy at all. correct?


Posted by STEADYBOMBIBI85 > Feb 3, 2021 4:40 PM | Report Abuse

UlarSawa happy cos his TP is coming soon

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 16:47 | Report Abuse

Ular love bamboo. If kanger takda bamboo why Ular want to buy kanger. Ular will plant own mini bamboo in big pot. Correct?

scenery

2,361 posts

Posted by scenery > 2021-02-03 16:51 |

Post removed.Why?

Posted by STEADYBOMBIBI85 > 2021-02-03 16:52 | Report Abuse

UlarSawa, invite us to your bamboo plantation

scenery

2,361 posts

Posted by scenery > 2021-02-03 16:58 | Report Abuse

He scare like hell la, causing so many ppl losing so much money by creating chaos in their forums, deleting their posts until cant share information for around 10 mnths until Admin stop him. All these ppl are waiting to get compensation from him lah..

lee9fold

4,730 posts

Posted by lee9fold > 2021-02-03 17:01 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 17:09 | Report Abuse

Kanger poised to be largest producer of bamboo products
BRANDED
Wednesday, 09 Sep 20207:57 AM MYT

Kanger group’s main bamboo processing plant in Jingzhou, a venture in collaboration with the local government of the Chinese city.

LISTED on the ACE Market of Bursa Malaysia Securities Berhad, Kanger International Berhad (KANGER, 0170) is on target to become the world’s largest producer of bamboo products with the commencement of a new high-tech bamboo processing plant and R&D centre which was developed in collaboration with the local government of Jingzhou in Hunan Province, China.

Kanger has accumulated vast experience and strong know-how of the bamboo industry, having been involved in the bamboo processing business over the past 16 years.


The group’s main bamboo processing plant was relocated to Jingzhou from its previous location in Ganzhou, Jiangxi Province.

With the relocation, the group entered into a public private partnership arrangement on a 70:30 basis with the local Jingzhou government to construct a new bamboo processing plant and R&D centre that adopts the latest modern processing methods capable of processing raw bamboo into a wide variety of products.

The new plant was built at a total investment cost of CNY200mil (equivalent to RM121mil).

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 17:10 | Report Abuse

X

Strengthening capabilities

“Armed with the support from our strategic partner, the local government of Jingzhou, we are in a strong position to significantly upscale our bamboo processing business to become one of the world’s largest integrated bamboo producers with both upstream (plantation) and downstream (processing, manufacturing and distribution) capabilities, ” said Kanger’s newly appointed executive director Steven Kuah Choon Ching.

“The commencement of our new plant represents a key turning point for the group. One major advantage of relocating our bamboo plant to Jingzhou is the ready availability of raw bamboo there.

“By partnering with the Jingzhou government, they will inject a bamboo plantation concession totalling an estimated 8,431 hectares over three phases.”

“The ready-to-harvest raw bamboo surrounding the plant will serve as a steady source of raw material supply in the production of bamboo products and acts as the key factor in the upscaling of our own bamboo products segment.

“By being less reliant on external supply sources in producing bamboo products, this would prevent us from facing problems such as supply shortages and sudden price hikes which could have material effects on the cost of raw material and our profitability.

“Our venture upstream into bamboo plantation concession represents a critical component in building a resilient business model. A continuous steady stream of raw bamboo supply strengthens the success factor of this project, laying a solid and sustainable foundation for the business, ” said Kuah.

Under Phase one, a surrounding area of approximately 2,430 hectares of fully mature bamboo has been made available.

The group estimates that it will take up to three years to utilise all of the ready-to-harvest raw bamboo for flooring, furniture and building materials which could potentially generate a total revenue of CNY800mil over the three-year period.

In addition, as Kanger does not need to purchase raw bamboo from external sources, this translates to a cost savings of more than CNY300mil for the equivalent amount of raw bamboo available.

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 17:10 | Report Abuse

Attractive industry prospects

Market research estimates that the value of the global bamboo market stood at US$68.8bil in 2018. Worldwide, bamboo is fast gaining recognition as a sustainable building material source and a “greener” substitute for wood-based products.

With a growth period of approximately three times faster than timber, bamboo can be replenished and harvested more sustainably than any other timber. Considered a low-carbon building material, bamboo is seen as the first choice for interior design and construction materials.

In addition, bamboo can also be processed into bamboo fibre to be used in clothing materials as well as bamboo charcoal that can be added into food products to remove body toxins.

Bamboo for medicinal purposes is gaining popularity as it offers health benefits that aid in digestion, spiritual healing, promote mental alertness, and can be used to treat depression and respiratory diseases, among others.

It can also be used as a form of “renewable energy” as burning bamboo charcoal to generate electricity produces less pollutants as compared to standard charcoal.

Operations by year end

With construction of the plant and commissioning of the machinery and equipment now completed, testing works are being carried out, with full commercial production commencing in the fourth quarter of 2020.

Moving forward, the group will focus not only on manufacturing of bamboo products but also processing of bamboo related foodstuff and bamboo eco-tourism. This will attract more tourists to Jingzhou and encourage the setting up of more bamboo-related businesses amongst the villagers

lee9fold

4,730 posts

Posted by lee9fold > 2021-02-03 17:11 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2021-02-03 17:11 | Report Abuse

Future plans

> Import and sale of lamination flooring products from Germany: While the group’s core bamboo processing business was temporarily interrupted due to the relocation of the bamboo plant Jingzhou from Ganzhou, Kanger explored opportunities to distribute other third party products.

In 2018, the group secured the exclusive distributorship in China for the Classen brand of laminated hardwood flooring from Classen GmbH, Germany.

With rising acceptance of the Classen brand in China, Kanger was recently presented with the Excellence Award for Best Supplier to the Chinese Bed & Breakfast Industry at the 2019 International B&B Industry Development Forum and the 2019-2020 Illustrious Brand award by the China Renovation & Construction Alliance.

Sales of Classen products have been encouraging and proved to be a good complement to the group, generating revenue to the group whilst the group scaled down its production of in-house bamboo products to make way for the relocation exercise of the bamboo plant

Large distribution network to support sale of in-house and third party products: To enhance the distribution network of the group’s in-house as well as third party products, the group signed on distributorships with third party dealers across China.

Currently, the group has established a large distribution network which comprises of more than 100 dealer stores across China.

The group is also cooperating closely with its dealers in implementing effective online-to-offline marketing and delivery channels. It has a presence in a number of online platforms, including JD.com, Alibaba’s Taobao, and WeChat.

To grow the export market, Kanger will be opening new international showrooms in Asia, the Middle East, Europe and North America.

> Long-term recurring lease rental income: The relocation of the bamboo processing and manufacturing operations from Ganzhou to Jingzhou freed up land for the group to embark on commercial property development for long-term rental income.

On the land where the previous bamboo processing plant was located, Kanger has constructed two commercial buildings with a total net lettable area of 683,777sqft. The group has signed 10-year agreements to lease these buildings for RM11.1mil a year.

One of the buildings is a purpose-built six-storey “AutoCity” with a net lettable area of 493,062sqft. AutoCity is an integrated complex enabling customers to view and buy cars, accessories and automotive parts from major brands. Car buyers will also be able to enjoy comprehensive after-sales, financing, and auto insurance services there.

The second building is a 19-storey hotel with 190,715sqft of net lettable area and is leased to Ganzhou Fuying Kaili Hotel Management Co Ltd, the operator of Kyriad Marvelous Hotel – an international business hotel brand under the Louvre Hotel Group. With a total of 2,653 hotels across 54 countries worldwide, Louvre Hotel Group is the second largest hotel group in Europe and fifth largest in the world.

> Plans to establish new revenue streams in Malaysia: Backed by a healthy operating cash flow generated by the group’s China operations, the group has set its sights on establishing new revenue streams in Malaysia.

Recently, Kanger purchased a parcel of land measuring 2.2 hectares in Kuala Selangor for RM6.8mil. The group is actively looking out for strategic opportunities with attractive prospects to invest in.

Committed to delivering long-term shareholder value, Kuah concluded: “With the commencement of our new high-tech bamboo processing plant in the fourth quarter of 2020, our financial performance in the coming year will be significantly enhanced by the contributions from the production and sale of our in-house bamboo products.”

“Looking ahead, we are confident that demand for bamboo will see exponential growth driven by its increasing use as a sustainable material for construction and rising consumer awareness on the benefits of bamboo.

“In addition, the R&D centre at the new bamboo processing plant will be utilised to pursue opportunities with regards to modern

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