Posted by rr1688 > 2022-02-11 15:05 | Report Abuse

bought at RM0.15 now RM0.195 MASYIOK...

Posted by MZM2511 > 2022-02-11 15:09 | Report Abuse

Citadel9999 Stock: [KANGER]: KANGER INTERNATIONAL BHD

Aug 2, 2021 11:35 PM | Report Abuse

@Hasli1987. Actually, I am a newbie in this counter. It's vaccine stories brought me into this counter. At the middle of the vaccine dreams related to Kanger. Hope my dreams will be a reality.

No offence dear Hasli1987.
------------

Thank you Citadel9999... You also can match my August 2, 2021 with my new comment on Feb 10, 2022. It should be the updated story of my involvement in this counter....


Stock: [KANGER]: KANGER INTERNATIONAL BHD

Feb 10, 2022 10:27 AM | Report Abuse

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.

Posted by MZM2511 > 2022-02-11 15:10 | Report Abuse

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.

Posted by Dodge_wallet > 2022-02-11 16:08 | Report Abuse

MZM2511 seriously, cut the loses and invest to others. Well this share to continue dropping at least 2023 since they are involving in building construction that may takes another 3 years to be commercialised

You may consider to buy it latee

Posted by mager1144 > 2022-02-11 16:19 | Report Abuse

move on la from this scammer counter. 0.015 otw

Posted by MZM2511 > 2022-02-11 16:25 | Report Abuse

@Dodge_wallet .... Thanks. My plan only to look at the in coming QR at the end of this month. Hope for some improvement. If no improvement, then....... TAYOR

Posted by newguy0801 > 2022-02-11 16:26 | Report Abuse

Totally agree with what Dodge_wallet said. If they stick to their bamboo business, at least they have some worth. Now Malaysia is oversaturated with companies in construction sector and the upcoming increase in inflation rate will threaten the business further, since it will increase operation and material cost.

Posted by newguy0801 > 2022-02-11 16:28 | Report Abuse

So, you better cut lost unless you plan to let your investment sleep for more than 2-3 years before you even recover your costs. In this period of waiting, who knows there will be anything that happens to such a volatile company? After the pandemic, I think they will even sell their medical division.

Posted by eatsmall > 2022-02-11 16:53 | Report Abuse

ayooo..no umbrella..like polong no master..

Posted by Amzar007 > 2022-02-11 17:15 | Report Abuse

Better cut loss jer & move on ke kaunter lain. At least, balance modal yg tinggal boleh generate profit kt kaunter lain. FA company agak problematic & x sesuai nk buat long term investment. Ini juz my 2c opinion.

Posted by rr1688 > 2022-02-11 17:22 |

Post removed.Why?

Posted by rr1688 > 2022-02-11 17:24 | Report Abuse

unisem share price from RM0.19 increase to RM3.22 ... 19 SENG increase to 3 RIAL...PITIH MOLEK...

Posted by rr1688 > 2022-02-11 17:32 | 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 usd3180 ...if u invested in early stage...u would have GAIN 183,719 % ...MAKEH TAK HABIS...KANGER is in early stage...to the STAR...

Posted by rr1688 > 2022-02-11 17:34 | Report Abuse

bought at RM0.15 ...now RM0.19 ...MASYIOK...

Posted by mager1144 > 2022-02-11 20:47 | Report Abuse

dah dia naikkan harga ingat berpusu pusu ke org nak beli lagi.. haha bodoh kaunter scammer.. kesian yg tertipu dan yg tak dpt move on.. korg tunggu je la pg 0.05 balik haha

Posted by PatienceCounts > 2022-02-11 21:10 | Report Abuse

Poor QR to be announced soon. Speculative investment in Fast ENERGY alone will hv incurred huge loss by multi-millions RM.

Posted by rr1688 > 2022-02-11 21:28 |

Post removed.Why?

Posted by rr1688 > 2022-02-11 21:30 | Report Abuse

genetec share price from RM0.19 increase to RM2.83 ... 19 SENG increase to 2 RIAL...PITIH MOLEK...

Posted by rr1688 > 2022-02-11 21:34 | Report Abuse

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 share price usd30 ...

Posted by MZM2511 > 2022-02-11 22:17 | Report Abuse

PatienceCounts Poor QR to be announced soon. Speculative investment in Fast ENERGY alone will hv incurred huge loss by multi-millions RM.
--------------------

As at 26 March 2021, the shares by Kanger in Fast is 10,797,100.

As per 2QR 2022, reported that Other investments (should included the cost for investment in quoted shares) RM9,589,000.

Also, as per 2QR 2022, There were no other income including gain or loss on derivatives and exceptional items for the said financial quarter.

I THINK, PROBABLY THE LOSS ON DERIVATIVES (INCLUDING KANGER’S INVESTMENT IN FAST SHARES) ALSO NOT COUNTED IN THE IN COMING 3QR 2022, as per my study on the announcement, there was no announcement on the disposal of Fast shares by Kanger after 21 March 2021.

Therefore, I think this 3QR 2022 the profitability of Kanger will depend on:

1. There is any profit can be recorded from the probable increase in construction revenue.

2. There are no more big amount of impairement losses from the operations in PRC including impairment loss on inventories, impairement loss on property,plant and equipment, impairement loss on trade and other receivables as per what has been recorded in the last 2QR 2022.

3. Any contribution of revenue and profit from Kanger new subsidiary, Sung Master as I think this 3QR 2022 will be the first time for it to be counted in Kanger’s QR account.


@@@@ There should be lack of info that will affect my analysis or prediction....TAYOR

Posted by MZM2511 > 2022-02-11 22:18 | Report Abuse

The figures from 2QR 2022 report:

Administrative expenses RM50,423,000.

The Group has also incurred non-recurring expenses such as recognition of share-based payments amounting to RM5.8 million granted to the directors and employees of the Company, impairment loss on inventories amounting to RM13.3 million, impairment loss on trade and other receivables amounting to RM25.1 million and impairment loss on property, plant and equipment amounting to RM4.7 million in the current financial quarter and financial period-to-date.

Posted by mager1144 > 2022-02-13 11:20 | Report Abuse

for newbie this counter is a big no guys. stay away.. look on the chart and fund history.if u wanna lose money go on hahaha. big scammer @bursa take a look la tolol

Posted by CUTLOST > 2022-02-13 11:27 | Report Abuse

Price action will repeat back to 2cents again

Posted by rr1688 > 2022-02-14 01:10 |

Post removed.Why?

Posted by rr1688 > 2022-02-14 01:11 | Report Abuse

pmbtech share price from RM0.19 increase to RM19.03 ...19 SENG increase to 19 RIAL ...PITIH MOLEK...

Posted by rr1688 > 2022-02-14 01:14 | 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 usd3065 ...if u invested in early stage...u would have GAIN 177,117 % ...MAKEH TAK HABIS...KANGER is in early stage...to the STAR...

Posted by rr1688 > 2022-02-14 01:16 | Report Abuse

bought at RM0.15 ...now RM0.19 ...MASYIOK...

Posted by ThinkDeepAtNight > 2022-02-14 01:17 | Report Abuse

EZ profit in this counter

Posted by ThinkDeepAtNight > 2022-02-14 01:21 | Report Abuse

https://klse.i3investor.com/blogs/thinkdeep/2022-02-14-story-h1598457915-Technical_Update_for_Kanger_International_KLSE_0170.jsp

PUMP PUMP PUMP

Posted by whistlebower99 > 2022-02-14 09:56 | Report Abuse

Monitor whether the directors will propose more fund raising exercises by issuing more shares to ESOS, PP, RI or to acquire assets.

One easy way for directors to increase company fund is via shares issuance, beside the hard way from business profit.

Based on similar modus operandi by other penny stocks, it will most likely happen within 6 - 9 months.

Just browse through the list of cheap penny stocks will tell you that the NOSH will exceed 1 BILLION again in very near future.

Total issued shares = 597,931,221 (very lean at the moment)

WB = 169,951,157
Maturity 2026-09-22
Strike value 0.500

======================

Consolidated price = 0.30 on 8 Feb (consolidation date)
Current price = 0.19 (11 Feb)
Will the price recovers from here or continue to dip?

Interesting to see the QR which should be out by this month, to give some hope to those with high average price.

======================

TAYOR

Posted by Peace99 > 2022-02-14 10:19 | Report Abuse

Hopefully there will be update about G7 contractor license! Meanwhile congrats to those who manage to buy low as now.

Posted by Peace99 > 2022-02-14 10:25 | Report Abuse

I think many of us are living on much higher floors....

Posted by citadel888 > 2022-02-14 10:26 | Report Abuse

soon below 0.15

Posted by mager1144 > 2022-02-14 10:31 | Report Abuse

panic selling get out now guys 0.180 not a joke!

Posted by BilisMasin > 2022-02-14 11:25 | Report Abuse

Kanger InterScamNational

TP 0.180
TP 0.155

Posted by whistlebower99 > 2022-02-14 11:33 | Report Abuse

Paid promoters

MZM2511
shavemyfurm
rr1688

============
NEWBIES & NEWCOMERS, do your own analysis

Monitor
quarterly report due to announce by month end
fund raising exercise via shares issuance to ESOS, PP
utilisation of company funds by directors

=============

TAYOR

Posted by mager1144 > 2022-02-14 11:56 | Report Abuse

boom 0.170!!

Posted by mager1144 > 2022-02-14 12:18 | Report Abuse

run now dont hold anymore

Posted by Legend > 2022-02-14 12:33 | Report Abuse

Roti telor dua biji

Posted by whistlebower99 > 2022-02-14 12:41 | Report Abuse

Kanger long term retail shareholders incurred huge losses from the RI with free warrant and Shares consolidation exercises.

======================

Aset Kayamas owners benefited from the deal.

KANGER International Bhd through its wholly owned subsidiary, Kanger Ventures Sdn Bhd, has acquired126 units of service apartments developed by Aset Kayamas Sdn Bhd in Genting Highlands for RM142.9 mil.

======================

Sung Master owners benefited from this deal

ACE-Market listed Kanger International Bhd bought a 51% stake in building materials supplier Sung Master Holdings Sdn Bhd for RM94.8 million.

=====================

Long term retail shareholders have to monitor
1. Kanger's profits in next few quarters for share price to appreciate.
2. Directors plan, if any, to raise more fund via share issuance to ESOS, PP
3. Directors plan, if any, to issue more shares to acquire assets
3. Future utilisation of company funds


=====================
Will Kanger's price movement follows other penny stocks that had undergone shares consolidation and RI with free warrant ?

(just hope it is not like pasukgb, pdz, sanichi, etc)

Posted by MZM2511 > 2022-02-14 13:50 | Report Abuse

Just as reminder.... wistlebower99 as claimed by others ABSOLUTELY THE STOCK KILLER.

-------------

.....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

Posted by BenBlurBlur > 2022-02-14 14:08 | Report Abuse

MZM2511

Kanger is not selling its China bamboo business but is write off its China bamboo business is it ?

Thank you

Posted by MZM2511 > 2022-02-14 14:48 | Report Abuse

BenBlurBlur MZM2511

Kanger is not selling its China bamboo business but is write off its China bamboo business is it ?

Thank you
----------

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KANGER INTERNATIONAL BERHAD ("KANGER" OR "THE GROUP") PROPOSED DISPOSAL OF SUBSIDIARY

The Board of Directors of Kanger wishes to announce that its wholly-owned indirect subsidiary, namely Ganzhou Kanger Industrial Co. Ltd., had on 16 December 2021 entered into a share sale agreement ("SSA") with Xue YongXing for the proposed disposal of 35,900,000 ordinary shares in Shenzhen Kanger Holding Co. Ltd. ("Shenzhen Kanger"), representing 100% equity interest in Shenzhen Kanger for a disposal consideration of RMB3,000,000 (equivalent to RM1,993,500) to be wholly satisfied in cash, on the terms and conditions contained in the SSA ("Proposed Disposal").

Further details on the Proposed Disposal are set out in the attachment enclosed.

This announcement is dated 16 December 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3219389

@BenBlurBlur. READ THE ANNOUNCEMENT CAREFULLY. IS IT SELLING THE SUBSIDIARY WITH BAMBOO BUSINESSES OR WRITE OFF IT???

Posted by rr1688 > 2022-02-14 14:57 |

Post removed.Why?

Posted by rr1688 > 2022-02-14 14:58 | Report Abuse

pmbtech share price from RM0.185 increase to RM19.50 ...18 SENG increase to 19 RIAL...PITIH MOLEK...

Posted by BenBlurBlur > 2022-02-14 15:02 | Report Abuse

MZM2511

All these impairment losses look more like write off the China bamboo business is it? Thank you



MZM2511 The figures from 2QR 2022 report:

Administrative expenses RM50,423,000.

The Group has also incurred non-recurring expenses such as recognition of share-based payments amounting to RM5.8 million granted to the directors and employees of the Company, impairment loss on inventories amounting to RM13.3 million, impairment loss on trade and other receivables amounting to RM25.1 million and impairment loss on property, plant and equipment amounting to RM4.7 million in the current financial quarter and financial period-to-date.

11/02/2022 10:18 PM

Posted by rr1688 > 2022-02-14 15:02 | Report Abuse

2022 year of 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...

Posted by rr1688 > 2022-02-14 15:04 | Report Abuse

bought at RM0.15 ...now RM0.185 ...MASYIOK...

Posted by carimakan > 2022-02-14 15:18 | Report Abuse

gogogo vaccine.. solutn juga!

Posted by MZM2511 > 2022-02-14 15:20 | Report Abuse

BenBlurBlur MZM2511
BenBlurBlur MZM2511

All these impairment losses look more like write off the China bamboo business is it? Thank you
All these impairment losses look more like write off the China bamboo business is it? Thank you
-----+
All one-ioff expenses had been charged at 2QR 2022 accounts. The propose disposal of the sub with some profit should been calculated based on post 2QR accounts