Posted by mikeann > 2022-03-28 19:30 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | https://www.klsescreener.com/v2/announcements/view/3525109

Posted by MZM2511 > 2022-03-28 19:45 | Report Abuse

@tklim. Thanks for reminding us about the probable problems.

BUT I STIL WANT TO REITERATE AGAIN..... ON THE NTA ISSUE, PLEASE DO NOT BE A MAN WITH ILL INTENTION. PLEASE BE A MAN WITH FULL OF FAIRNESS AND WISDOM...

Posted by whistlebower99 > 2022-03-28 19:45 | Report Abuse

MZM
Q3 75million losses
Why so much?
https://www.klsescreener.com/v2/financial-reports/view/713337

Posted by MZM2511 > 2022-03-28 19:50 | Report Abuse

@whistlebower99. You can read the 3QR 2022 throughly. Caused by the disposal of entire Bamboo business at PRC. Or you want me to repost my earlier postings??

Posted by MZM2511 > 2022-03-28 19:53 | Report Abuse

@wistlebower99.

Based on 3QR 2022 report:

Overall, the Group recorded loss before taxation of RM132.0 million in Q3 2022 due to insufficient revenue generated to defray the expenses. The Group has incurred non-recurring expenses such as recognition of share-based payments amounting to RM5.8milliongranted to the directors and employees of the Company, impairment loss on inventories amounting to RM15.5 million, impairment loss on trade and other receivables amounting to RM56.2 million, impairment loss on property, plant and equipment amounting to RM4.5 million, impairment loss on other investments amounting to RM3.6 million, impairment loss on intangible assets amounting to RM10.5 million, fair value loss on investment properties amounting to RM77.4
million and property, plant and equipment written off amounting to RM0.6 million, although the loss was mitigated by gain on disposal of property, plant and equipment amounting to RM3.1 million and gain on disposal of subsidiary companies amounting to RM54.6 million in the current financial quarter and financial period-to-date.

@@ Be noted that the massive losses probably incurred because of one-off expenses related to the dispossal of Bamboo related businesses in PRC. I hope just a one-off expenses. No more bamboo related business expenses later in the next QR report.

Posted by MZM2511 > 2022-03-28 19:54 | Report Abuse

Kanger involved in three BUSINESS ACTIVITIES which generated the revenue in 3QR 2022:

a. construction services (Construction works) - Revenue RM45,915,000

b. construction material trading - Revenue RM8,472,000

d. Trading of medical and healthcare products - Revenue RM278,000

Note: The other activity namely acquiring properties for investment (property development) not yet recorded as the main contributor of the revenue in 3QR 2022. The purchase of Genting Apartments I think not yet completed, and the condo is still in its stages of development (not even completed yet).

Posted by MZM2511 > 2022-03-28 19:55 | Report Abuse

The valuation of the company done by investors through the share price determination in the BURSA is at low level compared to its equity based on 3QR 2022 report:

EQUITY
Share capital RM425,782,000
Reserves (RM87,524,000)
SHAREHOLDERS' EQUITY RM338,258,000
Non-controlling interests RM4,567,000
TOTAL EQUITY RM342,825,000

Posted by MZM2511 > 2022-03-28 19:56 | Report Abuse

@wistlebower99.
Still have some hopes on Kanger...

Will continue to monitor the prospects of the company from their new businesses after disposal of Bamboo related businesses in PRC:

a. construction services (Construction works)
b. construction material trading
c. Trading of medical and healthcare products.

Note: For the short term, the other activity namely acquiring properties for investment (property development) will be ignored as the purchase of Genting Apartments I think not yet completed, and the condo is still in its stages of development (not even completed yet).

Posted by OrlandoOilSemiconIoT > 2022-03-28 20:18 | Report Abuse

MZM2511

U r a real conman keep saying good things about this con co

Wasn't this China subsidy supposed to sell its 2 buildings for RM 200+m... now the whole subsidy will be sold at RM 20m

Stop promoting this con co


mikeann

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | https://www.klsescreener.com/v2/announcements/view/3525109

Posted by MZM2511 > 2022-03-28 20:36 | Report Abuse

OrlandoOilSemiconIoT ... Stop promoting this con co
------
You can make your own judgement on THIS CON COUNTER... He He.

But for me, I still have my own judgement.... Others are free to make their own judgement.

---------
Stock: [KANGER]: KANGER INTERNATIONAL BHD

Mar 28, 2022 4:43 PM | Report Abuse

@BILLC. I already CL the mother shares. Still holding all the WBs.
I have a plan to reenter......

Posted by MZM2511 > 2022-03-28 20:41 | Report Abuse

OrlandoOilSemiconIoT
MZM2511

U r a real conman keep saying good things about this con co

Wasn't this China subsidy supposed to sell its 2 buildings for RM 200+m... now the whole subsidy will be sold at RM 20m

Stop promoting this con co


mikeann

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | https://www.klsescreener.com/v2/announcements/view/3525109
---------
I also do not know much about the real situation about the disposal. Not realy understand it....
Based on the earlier proposal related to the dispossal of two assets:

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).

Please refer to the full announcement as attached.

This announcement is dated 29 September 2021.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196769

Posted by whistlebower99 > 2022-03-28 20:50 | Report Abuse

MZM
RI raised about 102million
Q2 lost 50mil and Q3 lost 75mil, together exceeded RI money
Mr Qua might propose more fund raising via RI, ESOS or PP
Do you think it is possible?

Posted by MZM2511 > 2022-03-28 20:51 | Report Abuse

1. Zeng QinHui for the proposed disposal of the 100% equity interest in Ganzhou Kanger Industrial Co. Ltd (the latest announcement on 28 March 2022 )
2. Huizhou ZhongNeng Construction Ecological Resources Technology Co., Ltd. for disposal of properties which include two commercial buildings and land located in Ganzhou City ( The earlier announcement on 29 September 2021)
--------
The two announcement involving the different buyer for the different type of assets on disposal....... CONFUSED....

Posted by MZM2511 > 2022-03-28 21:04 | Report Abuse

whistlebower99. I am going to look after the next QR report.
If it's true that the two last QR reports losses caused by the "one off" impairment losses arising from the disposal of Bamboo busineses in PRC (as stated in both of the two QR reports), the next QR report probably will not incur another massive cost of impairment anymore....

STILL SEARCHING FOR ANOTHER SIGN.... BEFORE I CAN CONCLUDE THIS COUNTER AS A TOTALLY CON COMPANY....

Posted by MZM2511 > 2022-03-28 21:55 | Report Abuse

RATIONALE AND JUSTIFICATIONS FOR THE PROPOSED DISPOSAL

The Proposed Disposal is in line with 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 Ganzhou Kanger, which is principally involved in manufacturing and trading of bamboo flooring and related products as well as property investment and management, that has been loss-making since 31 December 2021.

Earlier in June 2021, Kanger Group had diversified its principal activities to include construction and related activities. 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 9-month FPE 31 December 2021.

Then in December 2021, Kanger has disposed of its entire equity interest in Shenzhen Kanger Holding Co. Ltd. (principally involved in trading of bamboo flooring, bamboo furniture and related products) for a disposal consideration of RMB3,000,000, in line with its initiative to streamline and focus on growing its core construction segment.

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 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 Board is of the view that the Proposed Disposal as timely as it presents the Group an opportunity to unlock the value of its investment in its loss-making subsidiaries, namely Ganzhou Kanger group of companies, and at the same time provide the Group a cash surplus to be utilised for the purposes as set out in Section 3 of this announcement. The main proceeds are mainly earmarked for the Group's working capital requirements, which would allow the Group flexibility in respect of financial allocations for the operational requirements of its construction segment, which in turn may allow the Group to carry out operations in a more efficient manner.

Additionally, the Proposed Disposal would also reduce the Group's gearing from 0.13 times (as at LPD) to 0.05 times (after completion of Proposed Disposal), after adjusting for the de-consolidation of the total borrowings of Ganzhou Kanger group of companies amounting to RMB63.441 million (equivalent to RM41.534 million). This allows the Group to reduce its indebtedness and in turn reposition the Group towards a better financial footing moving forward.

Premised on the above, the Board believes that the Proposed Disposal represents a strategic opportunity to monetise the Group's assets to allow the Group to achieve its business plans and objectives.

Posted by rr1688 > 2022-03-28 22:41 |

Post removed.Why?

Posted by rr1688 > 2022-03-28 22:42 | Report Abuse

inari share price from RM0.08 increase to RM3.13 ...8 SENG increase to 3 RIAL...PITIH MOLEK...

Posted by rr1688 > 2022-03-28 22:49 | Report Abuse

REAL ESTATE company mahsing share price increase 193 % from rock bottom...2022 year of inflation stocks...REAL ESTATE is the BEST hedge against inflation...KANGER is in REAL ESTATE now...REAL ESTATE company mcdonald's target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the STAR...

Posted by rr1688 > 2022-03-28 22:52 | Report Abuse

BUY...BUY...BUY...UPTREND MARI...

Posted by MZM2511 > 2022-03-28 22:59 | Report Abuse

JUST A REMINDER....

The gang of speculating spammers are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

Posted by rr1688 > 2022-03-28 23:51 | Report Abuse

enjoy my drinks at batu feringi beach penang...kurang minuman pemabuk samsu haram jjptr...

Posted by rr1688 > 2022-03-28 23:51 | Report Abuse

i love korean car KIA...

Posted by rr1688 > 2022-03-28 23:53 | Report Abuse

buy KANGER...HOLD n PUSH UP the price...

Posted by tklim > 2022-03-29 00:02 | Report Abuse

REAL-TIME TECHNICAL ANALYSIS
======================

RSI(14) 50.274 Neutral
STOCH(9,6) 15.497 Oversold
STOCHRSI(14) 56.860 Buy
MACD(12,26) -0.006 Sell
ADX(14) 42.563 Sell
Williams %R -75.439 Sell
CCI(14) 55.3199 Buy
ATR(14) 0.0514 Less Volatility
Highs/Lows(14) 0.0000 Neutral
Ultimate Oscillator 34.365 Sell
ROC -32.000 Sell
Bull/Bear Power(13) 0.0740 Buy
Buy: 3 Sell: 5 Neutral: 2
Summary:SELL

Posted by tklim > 2022-03-29 00:03 | Report Abuse

Technical Indicators:SELL

Posted by tklim > 2022-03-29 00:14 | Report Abuse

View Financials > Fundamental Rating
========================

Increased earnings over time?>>>FAIL

Increased shareholder value?>>>FAIL

Pays a cash dividend?>>>FAIL

Is stock currently undervalued?>>>PASS

Potential higher earnings this year compared to last year?>>>FAIL

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


View Price Target
--------------------

Actively covered by analysts?>>>FAIL

Potential 20% upside in consensus Price Target?>>>FAIL

Posted by tklim > 2022-03-29 00:16 | Report Abuse

Moving average crossover

BEARISH

Posted by tklim > 2022-03-29 00:16 | Report Abuse

Average Directional Index (ADX)

BEARISH

Posted by tklim > 2022-03-29 00:32 | Report Abuse

GOOD LUCK!!!!!!!!!!!!!!!!!!!!!!!

SELL 0.08
Target1: 0.07
Target2: 0.06
Target3: 0.03
Target4: 0.01

Posted by Legend > 2022-03-29 07:01 | Report Abuse

Kanger International Bhd is disposing of China-based bamboo flooring company Ganzhou Kanger Industrial Co Ltd for 30.22 million yuan (RM20 million), as it seeks to streamline its business to focus on the construction business. It said the group has entered into a deal to sell its 100% stake in the Chinese company to Zeng QinHu.

Posted by OrlandoOilSemiconIoT > 2022-03-29 08:27 | Report Abuse

MZM2511

U r the conman u r d spammer

They hv been right to warn people not to buy this con co

MZM2511

JUST A REMINDER....

The gang of speculating spammers are still interested to badmouth on this counter..... That makes me feel THAT "THEY ARE STILL INTERESTED TO BUY IN THIS COUNTER'S SHARES" but their targeted price (lowest price) for this counter not yet achieved....

9 hours ago

Posted by OrlandoOilSemiconIoT > 2022-03-29 08:29 | Report Abuse

MZM2511

U r a real conman keep saying good things about this con co

Wasn't this China subsidy supposed to sell its 2 buildings for RM 200+m... now the whole subsidy will be sold at RM 20m

Stop promoting this con co


mikeann

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS | https://www.klsescreener.com/v2/announcements/view/3525109

Posted by OrlandoOilSemiconIoT > 2022-03-29 08:33 | Report Abuse

2 properties inside worth RM 200+m... but whole company worth only RM 20m??

Posted by rr1688 > 2022-03-29 09:12 |

Post removed.Why?

Posted by rr1688 > 2022-03-29 09:13 | Report Abuse

vitrox share price from RM0.085 increase to RM7.85 ...8 SENG increase to 7 RIAL...PITIH MOLEK...

Posted by rr1688 > 2022-03-29 09:17 | 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 usd3379 ...if u invested in early stage...u would have GAIN 195,263 % ...MAKEH TAK HABIS...MINUM TAK HABIS...KANGER is in early stage...to the STAR...

Posted by rr1688 > 2022-03-29 09:22 | Report Abuse

REAL ESTATE company bldplnt share price increase 427 % from rock bottom...2022 year of inflation stocks...REAL ESTATE is the BEST hedge against inflation...KANGER is in REAL ESTATE now...REAL ESTATE company mcdonald's target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the STAR...

Posted by TheMarc950 > 2022-03-29 09:31 | Report Abuse

Why is newbie even touching penny lol, newbie pls go for FD or blue chips only tq

Posted by TheMarc950 > 2022-03-29 09:32 | Report Abuse

This is for adult only

Posted by rr1688 > 2022-03-29 09:32 |

Post removed.Why?

Posted by vcinvestor > 2022-03-29 09:34 | Report Abuse

magnificent set of quarterly results

Posted by rr1688 > 2022-03-29 09:34 | Report Abuse

frontkn share price from RM0.08 increase to RM3.07 ...8 SENG increase to 3 RIAL...PITIH MOLEK...

Posted by TheMarc950 > 2022-03-29 09:35 | Report Abuse

Be responsible know what you are buying, don’t cry dad cry mum here or anywhere after making loss every single time

Posted by rr1688 > 2022-03-29 09:40 | Report Abuse

REAL ESTATE company utdplt share price increase 392 % from rock bottom...2022 year of inflation stocks...KANGER is in REAL ESTATE now...REAL ESTATE company mcdonald's target share price amid strong demand upgrade to usd306 ...KANGER target price usd30 ...to the STAR...

Posted by rr1688 > 2022-03-29 09:45 | Report Abuse

BUY KANGER...HOLD n PUSH UP the price...KANGER fair value RM0.19 X 750 % = RM1.43 ...IGNORE the NOISE...

Posted by whistlebower99 > 2022-03-29 09:45 |

Post removed.Why?

Posted by rr1688 > 2022-03-29 09:48 | Report Abuse

enjoy my drinks at batu feringi beach penang...best place to live in asia voted by travel awaits travel magazine...MALAYSIA REAL ESTATE got REAL VALUE...MALAYSIA BOLEH...KANGER BOLEH...

Posted by MZM2511 > 2022-03-29 10:32 | Report Abuse

JJPTR

With latest bloody loses of 74m rgt, Kanger NTA has plunged from 15c to 7c.
And no light at theend of tunnel yet.
--------------
Another correction:
PLEASE DO NOT BE AN ANALYST WITH THE MISLEADING FACTS.. HE HE
-------
Be noted that the 3QR 2022 was prepared for the quarter ended on 31 Disember 2021. Therefore their NTA and NTA per share still calculated based on the total shares outstanding amounting 5.97 billion prior to the consolidation exercises. The consolidation exercises completed on 10 February 2022.

Therefore the reported NTA per share of RM0.057 as reported in the 3QR 2022 report can be seen today (after consolidation) as equivalent to RM0.57.

Posted by whistlebower99 > 2022-03-29 10:37 | Report Abuse

MZM, if without the 100 mil raised from rights issue, what would be the NTA.
You were an accounting graduate. pls compute to show us.

Posted by MZM2511 > 2022-03-29 10:58 | Report Abuse

whistlebower99

MZM, if without the 100 mil raised from rights issue, what would be the NTA.
-------------
The amount raised from the RI must be included in the computation of the NTA, as it was a new capital raised from the new shares raised. You can read my notes above. The NTA per share calculated was RM0.057. But it was calculated based on 5.97 billion shares before the consolidation exercise completed. Thus, after consolidation completed, the NOSH reduced ten times to 597 million. Therefore the NTA per share should be RM0.057 x 10 = RM0.57. WE BETTER wait for THE in coming 4QR 2022 to look at their NTA per share after consolidation.