Posted by Peace99 > 2022-02-04 12:23 | Report Abuse

I am still holding many old tickets, so my cost is several times of current price, just like the directors.... Patiently waiting for the construction projects to produce results!

Posted by MZM2511 > 2022-02-04 12:44 | Report Abuse

@Peace99.... So am I... He He

My RM78K investment in Kanger mother share and WB has been changed to be a long term investment..

In the short term, I think KLSE also can not gives us the hope... TAYOR

Posted by Peace99 > 2022-02-04 13:29 | Report Abuse

@MZM2511, I also have about 100k in this! Definitely not selling unless company no actions...hope more ppl will see it as long term investment. Wishing all a great year of the Tiger!

Posted by NKLpunya > 2022-02-04 13:59 | Report Abuse

Then would it be like Vivocom (now Vinvest) last time?
After consiladotion, shot up hugely..

Posted by birdparadise > 2022-02-04 14:05 |

Post removed.Why?

Posted by jimnizar > 2022-02-04 15:37 | Report Abuse

Something brewing

Posted by MZM2511 > 2022-02-05 13:41 | Report Abuse

@investor2021trading..
1. Kanger enters Genting Highlands with RM142.9 million investment in serviced suites.

My answer: YES.

2. Outside of Malaysia Kanger has two investment properties in China, contributing a total rental income of about RM11.1 million a year.

My answer: Before this, YES. But currently not sure because....

---- The Board of Directors of Kanger wishes to announce that Ganzhou Kanger Industrial Co. Ltd., a wholly-owned indirect subsidiary of the Group had on 29 September 2021 received a letter of intent from Huizhou ZhongNeng Construction Ecological Resources Technology Co., Ltd. for disposal of properties which include two commercial buildings and land located in Ganzhou City, China for approximately China Renminbi RMB400.0 million (equivalent to RM258.9 million).

# Based on an assumption that Ganzhou Kanger Industrial Co. Ltd is the owner of the said two commercial buildings and land located in Ganzhou City which under a disposal proposal, the disposal of the said assets probably will give Kanger several million Ringgit of profit to be recorded in its future related quarterly report.

3. The group is now investing RM77 million in a glove manufacturing facility in Ijok, Selangor, to produce medical, surgical, and/or nitrile gloves.

My answer: I think the proposed project suppose to be halted. The progress stopped up to the company bought 3 pieces of land, in order to facilitate the gloves manufacturing project..

Posted by MZM2511 > 2022-02-05 13:43 | Report Abuse

@investor2021trading.. Just the information for you. TAYOR


Kanger already in the process to dispose its bamboo business in the PRC and will focus on the new business activities in Malaysia..

SOME NOTES ABOUT THE DISPOSAL OF BAMBOO BUSINESS AND THE FUTURE PROSPECTS OF THE COMPANY.

1. Kanger Group's objective of streamlining its businesses to focus on construction segment, as well as to unlock the value and monetise Kanger's investment in Shenzhen Kanger group of companies, which is principally involved in trading of bamboo flooring, bamboo furniture and related products, that has been loss-making since FYE 31 March 2021.

# The company is proposing to dispose the unprofitable business.

## The Disposal Consideration would result in a pro forma gain of RM3.44 million to Kanger.

2. Earlier in June 2021, Kanger Since the diversification, the construction business has overtaken the bamboo manufacturing and trading segment as the main revenue contributor to the Group, as exhibited in its latest unaudited consolidated financial statements for the 6-month FPE 30 September 2021.

As part of its strategy to expand its construction segment, the Group had lined up several growth initiatives through organic and inorganic means with the long term objective of increasing its revenue contribution of its construction business going forward. In addition to its involvement in the project management of several construction projects (such as Antara @ Genting Highlands, Axon Bukit Bintang and The Hipster @ Taman Desa)

# The revenue tremendously increased with a dismal profit.

Revenue breakdown: 6-month FPE 30 September 2021. Revenue from manufacturing and trading of bamboo flooring and related products RM8,143,000. Revenue from construction works RM60,813,000. Total revenue RM68,956,000.

## The revenue will be sustained at least for several QR as the current order book value of the construction projects is of about RM1.0 bilion.

### Hope the profit margin from the constrution segment can uplift the profitability of the company.

3. The Group had also recently expanded its service offering within the construction segment through the acquisition of a 51% equity interest in Sung Master Holdings Sdn Bhd, which is principally involved in sales and trading of building materials.

# The acquisition of Sung Master will positively enhance our financial performance as Sung Master is a profitable company. For the full-year (ended June 30 2021), we expect Sung Master to deliver an estimated net profit and revenue of about RM20.0 million and RM115.0 million respectively," said Kanger executive director Steven Kuah Choon Ching said.

## Kanger said Sung Master had consistently delivered a profitable performance over the past three financial years (FY), from FY ended January 2018 up to the audited 17-month of FY ended June 2021 and the latest unaudited 10-month ended April 2021.

### The contribution from Sung Master not yet recorded in this QR report as the Sung Master acquisition completed only on 30 September 2021.The 2QR 2022 ended on 30 Sept 2021.
The contribution from the Sung Master acquisition will be realised in the in coming 3QR 2022.


4. The Board of Directors of Kanger wishes to announce that Ganzhou Kanger Industrial Co. Ltd., a wholly-owned indirect subsidiary of the Group had on 29 September 2021 received a letter of intent from Huizhou ZhongNeng Construction Ecological Resources Technology Co., Ltd. for disposal of properties which include two commercial buildings and land located in Ganzhou City, China for approximately China Renminbi RMB400.0 million (equivalent to RM258.9 million).

# Based on an assumption that Ganzhou Kanger Industrial Co. Ltd is the owner of the said two commercial buildings and land located in Ganzhou City which under a disposal proposal, the disposal of the said assets probably will give Kanger several million Ringgit of profit to be recorded in its future related quarterly report.

Posted by investor2021trading > 2022-02-05 15:34 | Report Abuse

@MZM2511,

Thanks for d info! im holding Kanger long term!

Can Kanger b The Story of The Chinese Bamboo Tree?

"And finally in the fifth year – behold, a miracle! We experience growth. And what growth it is! The Chinese Bamboo Tree grows 80 feet in just six weeks!"

Posted by newguy0801 > 2022-02-05 16:50 | Report Abuse

The Group has identified the following main strategies to continue to grow its businesses: -
(a) Expansion into new bamboo concession and processing plant in Jingzhou, the PRCin
order to better manage raw material costs, as the new plant is surrounded by an
estimated 18,200 metric tonnes standing stock of ready-to-harvest raw bamboo
(translating to an estimated 435,000 square metres of bamboo flooring). This will be a
steady source of raw material supply and key factor in the re-upscaling of our own
bamboo products segment. The expansion in Jingzhou will allow the Group to focus
not only on manufacturing of bamboo products but also processing of bamboo related
foodstuff and bamboo eco-tourism in the near future;
(b) Expansion of the Group’s flooring products with the launching of new series of bamboo
flooring products;
(c) Enhancing the Group’s flooring products to focus more on ‘green’ strand woven
products;
(d) Expansion of the Group’s product portfolio to include bamboo furniture marketed under
the ‘KAR-ACE’ brand;
(e) Expansion into wood flooring products by promoting Classen’s products in the PRC
through the collaboration with Classen GmbH as the Group is the exclusive distributor
for Classen’s products in the PRC. The COVID-19 pandemic and related lockdowns
has had a significant impact on general business activity and there is always a risk of
additional waves occurring in the future. As a result, the Group is currently in
discussions with Classen on reducing the scope of the exclusivity from China-wide to
perhaps focus on Guangdong province or the southern region where our main and
sales offices are. The reason for this is to avoid incurring potential penalties in the future
for not meeting minimum sales targets should the pandemic turn into a longer term
problem;
(f) Expansion of the Group’s presence by increasing the number of appointed dealers in
its sales network and number of sales and marketing channels, for both its own and
third party products;
(g) Identifying candidates to be the Group’s master agents/distributors in countries such
as Malaysia, Australia and New Zealand;
(h) Intensifying efforts in the adoption and building out of a comprehensive omni-channel
marketing strategy which is designed to cover all points of contact with existing and
potential new customers. The Group is also cooperating closely with its dealers in
implementing effective Online-to-Offline marketing and delivery channels. The online
platforms include JD.com, Alibaba’s Taobao and various mini-programs offered by
social media networks like WeChat;
(i) Seeking opportunities to be able to involve in distribution of medical related products
such as gloves, vaccine for COVID-19 and mask; and
(j) The acquisition of SMH is a horizontal acquisition by the Group to acquire its peer with
the intention to expand its existing business activities of manufacturing and trading
business and widen its product offerings, which include, amongst others, timber flooring,
tiles, bulk cement, concrete, which are expected to enhance the revenue and earnings
of the Group moving forward.The proposed acquisition of SMH is expected to augur
well and is complementary with the Group's existing business in the property related
segment and the construction business segment.
Premised on the above, the Board is cautiously optimistic on the prospects of the Group for
FYE 2022.

Posted by newguy0801 > 2022-02-05 16:52 | Report Abuse

Despite a decent analysis in my opinion from MZM2511, Kanger actually still plans to further its bamboo business as opposed to disposing it.

Posted by newguy0801 > 2022-02-05 16:53 | Report Abuse

The extract above comes from its Sep 2021 quarterly financial report. If you are still interested in its bamboo aspect, feel free to support it.

Posted by newguy0801 > 2022-02-05 16:54 | Report Abuse

Most of its loss in revenue is because of its reliance on Mainlain Chinese customers for its bamboo products. That's why Kanger spent quite much fpr a diversification to the construction and property development sector.

Posted by newguy0801 > 2022-02-05 16:56 | Report Abuse

In my opinion, Kanger's extreme corporate exercises to save and expand itself make a lot of people lost confidences in it. So, a long term investment is kinda weird to make.

Posted by newguy0801 > 2022-02-05 16:57 | Report Abuse

Since people avoid it as many people felt conned by it due to its relationship with the infamous Fintec group.

Posted by fl888 > 2022-02-05 18:53 | Report Abuse

Less supply, more demand…So mathematically after consolidation…should fly next week…

Posted by Kicapkipasudang > 2022-02-05 21:42 | Report Abuse

Lets fly after conso!

Posted by rr1688 > 2022-02-05 21:43 |

Post removed.Why?

Posted by rr1688 > 2022-02-05 21:45 | Report Abuse

penta share price from RM0.02 increase to RM4.03 ...2 SENG increase to 4 RIAL ...PITIH MOLEK...

Posted by rr1688 > 2022-02-05 21:55 |

Post removed.Why?

Posted by rr1688 > 2022-02-06 16:38 | Report Abuse

SAMSUNG choose MALAYSIA for 2022 samsung next smartphone lineup in asean...REAL ESTATE up despite pandemic...KANGER is in REAL ESTATE now...mcdonald's REAL ESTATE company target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the GALAXY...

Posted by birdparadise > 2022-02-06 17:27 |

Post removed.Why?

Posted by Winer21 > 2022-02-06 20:48 | Report Abuse

Careful this counter like fake company

Posted by rr1688 > 2022-02-06 21:20 |

Post removed.Why?

Posted by rr1688 > 2022-02-06 21:21 | Report Abuse

pmetal share price from RM0.02 increase to RM6.21 ...2 SENG increase to 6 RIAL ...PITIH MOLEK...

Posted by rr1688 > 2022-02-06 21:26 | Report Abuse

world richest salesman company initial years also same like KANGER...he sells a to z ...bcoz he never giv up...today his company share price is usd3152 ...if u invested in early stage...u would have GAIN 182,142 % ...KANGER is in early stage...to the STAR...enjoy my drinks at batu feringi beach penang...kurang wine r21 minuman pemabuk samsu haram...

Posted by kenie > 2022-02-07 10:06 | Report Abuse

CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN KANGER INTO 1 KANGER SHARE

Posted by newguy0801 > 2022-02-07 10:12 | Report Abuse

Hnmmm, 40 million units get absorbed @0.025

Posted by whistlebower99 > 2022-02-07 10:15 |

Post removed.Why?

Posted by M55555 > 2022-02-07 10:19 | Report Abuse

Panic buy back... 0.03 coming

Posted by fl888 > 2022-02-07 11:05 | Report Abuse

all 2.5cts will be wiped out...to con at 3cts today ???

Posted by M55555 > 2022-02-07 11:09 | Report Abuse

Not a good sign. It is all depend on who collected past few weeks at 0.02 and who is selling at 0.025 today.

Posted by M55555 > 2022-02-07 11:10 | Report Abuse

retailers ikan bilis will not be dumping at 0.025 since most of their holding cost higher than this. And it is not in a right mind to throw now

Posted by fl888 > 2022-02-07 12:05 | Report Abuse

Warrant B can try or not…any advice?

Posted by M55555 > 2022-02-07 12:09 | Report Abuse

Warrant B try only after consolidate. Base on current price , it might go lower than 0.05 after consolidate if mother slow on movement. Mother need to go beyond 0.50 , for WB action.

Posted by fl888 > 2022-02-07 12:27 | Report Abuse

Warrant cannot buy at 0 cts or buy at 0.0025….how to Q lower? Expiry 2026

Posted by M55555 > 2022-02-07 16:31 | Report Abuse

0.03 sudah mari. Sell if you do not want

Posted by newguy0801 > 2022-02-07 16:37 | Report Abuse

Lmao, saw that 0.03 too.

Posted by AlfI3 > 2022-02-07 16:43 | Report Abuse

Hi, anyone here can advise whether the WB will possibly increase to 0.50 too after the conso on 8/2(tmrw)?

Posted by M55555 > 2022-02-07 16:44 | Report Abuse

She is now light after consolidate ( NOSH 600mil) . Should be back to RI price of 0.60 at least

Posted by newguy0801 > 2022-02-07 16:59 | Report Abuse

If syndicate clear all 30c (a 150% hike), confirm receives UMA query then trading suspended. At the end, it becomes like Serba where everyone wants to throw. Nice idea, JJPTR.

Posted by MZM2511 > 2022-02-07 18:39 | Report Abuse

Reminder....

.....By scenery: Con liar stockraider aka whistlebower99 aka thehoff spamming all penny stocks here n in FB GorengGroupFB. He non stop since early 2021 days n nights, working very hard for syndicates to collect at low n causes all penny stock lost above 5,000% - 10,000%

He use company PP to spam down price even after those have alredi consolidated n RI, until they fall below consol price. Ridiculously. This conman has caused millions of people losing huge yet he say he help newbies.

Those ppl lost until bankrupt, don't commit suicide go 2 find him out n ask him 2 compensate your losses.

and:

.......By Mikeycc: stockraider aka id :

1. gohku
2. value_seeker
3. BILLC
4. Koey
5. whistlebower99
6. thehoff
7. invest_malaysia

and:

How about JJPTR and newguy0801????

Posted by rr1688 > 2022-02-07 20:36 | Report Abuse

newguy0801 and andy hall tak guna tukang cerita karut both berambus ke negara olang putaik yg penuh dgn penyakit n kuman...gua sudah double gua punya duit when i bought at RM0.015 n now RM0.03...MALAYSIA BOLEH...KANGER BOLEH...terima kasih harimau malaya for a ROARING year of the harimau malaya...

Posted by rr1688 > 2022-02-07 20:38 | Report Abuse

fl888...huat ...huat...huat chai...mesti lah BOLEH...

Posted by rr1688 > 2022-02-07 20:39 | Report Abuse

jangan tunggu lama2...nanti to the MOON...if not to the STAR...

Posted by rr1688 > 2022-02-07 20:43 |

Post removed.Why?

Posted by rr1688 > 2022-02-07 20:44 | Report Abuse

share market is for the BRAVE n with VISION...

Posted by birdparadise > 2022-02-07 21:09 |

Post removed.Why?

Posted by birdparadise > 2022-02-07 21:19 |

Post removed.Why?

Posted by fl888 > 2022-02-07 21:34 | Report Abuse

I whacked 588,200 WB at 0.05 after selling my 288,000 mother at 0.025…make 0.05cts….