Citadel666 only mzm is the conman here , everyday promote to lure ikan bilis buy before consolidation price ------------- You better check your own thread ID!!!!
A conman which his/her post always been flagged and deleted. He He
Those who bought the shares @2 sen - 1.5 sen before the consolidation exercises maybe want to sell the shares with some gain.
For the long term investors, which hold shares at higher cost.... and still believe the prospects of the company .... maybe still want to hold it.... DO WE??
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 usd3228 ...if u invested in early stage...u would have GAIN 186,505 % MAKEH TAK HABIS...LANGER is in early stage...to the STAR...
2022 year of the inflation stocks...REAL ESTATE is the BEST hedge against inflation...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 STAR...
hopeless counter cant even make profit. @bursa ban this counter ASAP. 0.2 t0 0.05 again wait and see and they do the same history again. omg @bursa take action.. wat u guys waiting for. people wan profit every years. not losess. if u got eyes open and see
luckly.. dispose long time ago. and i keep eyes on this counter. not much but many people got trapped here. i dun care about the loses but counter scammer like this shouldnt be in bursa anymore
Agree with what you said. I don't like companies that try to bite more than they can chew. They try to diversify their businesses too widely with shareholders money and extremely frequent corporate exercises. If they just focus more on their bamboo manufacturing sectors, they will be more successful compared to now.
@mager1144, bamboo can be used in not just construction materials and furniture, but also paper and even various packaging. Now, the eco trend is so strong and our beloved Kanger diversified into construction and property sector that has a bleak outlook.
People really be happy that it diversified into construction sectors (facepalm). There are even people that are happy with the possibility of inflation boosting its construction and property sector. Don't they know inflation also causes increase in expenses especially in construction materials?
You have Jingzhou's cooperation to build factories and own pieces of bamboo forests which removes the threat of inflation as you can harvest bamboo directly. Well, what did Kanger do? Diversified into medical and construction sector while their own financial base isn't even stable.
No, I am not supporting this counter. The management totally went towards the wrong business direction. I already threw my stocks after it failed to goreng during the consolidation.
If you really based on fundamental analysis, this company was already ruined long ago. If anyone really want to buy it for long term, just wait it drop below 5 cents like what mager1144 said haha.
The current comments and facts from other members about my investment in Kanger was 85% true. The fact is, I invested in Kanger for i'ts plan to be involved in vaccine business. Started to buy some shares at around 10.5 sen (forget already). After that, price drop further.
I keep averaging the price and also subscribe for the RI. And later bought some extra WB to add up the WB which I got from the RI. Total investment in Kanger is around RM78,000.
As I said before, to much to suffer if I CL. Still waiting and hope for the clues based on my collected info on their prospects in the future. For others, TAYOR.
...........
Con or no con, I'm going to see if any improvement on Kanger's FA in the in coming QR result. Too tired already investing in the counter which is targeted by speculative spammers......
Currently, still holding the shares. Still holding for a long term view. 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, since the diversification of Kanger, 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.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MZM2511
4,553 posts
Posted by MZM2511 > 2022-02-09 15:45 | Report Abuse
Citadel666 only mzm is the conman here , everyday promote to lure ikan bilis buy before consolidation price
-------------
You better check your own thread ID!!!!
A conman which his/her post always been flagged and deleted. He He
https://klse.i3investor.com/servlets/cube/post/citadel666.jsp
Also can check mine.
https://klse.i3investor.com/servlets/cube/post/mzm2511.jsp