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 usd3386 ...if u invested in early stage...u would have GAIN 195,639 % MAKEH TAK HABIS...KANGER is in early stage...to the STAR...
REAL ESTATE company taann share price increase 422 % 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...
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 usd3386 ...if u invested in early stage ...u would have GAIN 195,639 % ...MAKEH TAK HABIS...KANGER is in early stage...to the STAR...
REAL ESTATE material company lihen share price increase 2753 % 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
Most might have dire thoughts about the company by now, but that is far from the truth. In this quarter, the company suffered multiple one-off expenses, which includes: • RM2.5 million on impairment loss on inventories • RM31.1 million on impairment loss on trade and other receivables • RM3.6 million on impairment loss on other investments • RM10.5 million on impairment loss on intangible assets, and • RM77.4 million of fair value loss on investment properties amounting to RM77.4 million
This sums up to RM125.1 million of one-off and non-cash exhaustive loss for the quarter. However, we must also factor in that there are some one-off income for the company, which includes: • RM3.1 million on gain on disposal of PPE, and • RM54.6 million on gain on disposal of subsidiary company This sums up to RM57.7 million of one-off income for the quarter. The net loss for the quarter under review amounted to RM75.1 million, and if you were to normalize the RM125.1 million one-off loss and RM57.7 million worth of one-off income, by right the company only suffered RM7.7 million in net loss.
At least for the latest 5 quarters ended, RM7.7 million is the lowest loss ever that the company had reported so far. Also, this might be a kitchen sinking activity executed by the management to clean up the balance sheet. At least by now, the assets are considered at “book value”.
That being said, I wanted to highlight to investors that the PPE and investment properties of the company includes the Genting Highland project by Aset Kayamas. It is understandable that the auditor must adjust the properties value based on 31st December 2021 cash flow forecast for the property. But there is a very great chance that the company would write back the fair value loss and record a fair value gain in the next quarter, as we know borders are reopening by 1st April.
The Edge had also reported that the company is disposing its China-based bamboo flooring company, Ganzhou Kanger Industrial Co Ltd for RM20.0 million to Zeng QinHu. This would allow the company to realign their focus on the construction business, which generated RM45.9 million in revenue while the remaining were contributed by the newly acquired Sung Master
Interestingly, both of the companies are closely related to Aset Kayamas, too. The management had also disclosed their growth plans for Kanger in 2022.
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 usd3348 ...if u invested in early stage...u would have GAIN 193,485 % ...MAKEH TAK HABIS...KANGER is in early stage...to the STAR...
REAL ESTATE company ppb share price increase 512 % 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...
enjoy my drinks at batu feringi beach penang...the best place to live in asia...voted by travel awaits travel magazine...MALAYSIA REAL ESTATE got REAL VALUE...
REAL ESTATE company chinhin share price increase 813 % 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 increase to usd306 ...KANGER target price usd30 ...to the STAR...
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...
Kanger to dispose of Chinese bamboo floor firm for RM20m
KUALA LUMPUR (March 28): 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.
In a filing with Bursa Malaysia, Kanger said the group has entered into a deal to sell its 100% stake in the Chinese company to Zeng QinHu. Zeng, 69, is a Chinese national involved in the business of project investment.
Kanger said the disposal is in line with its objective of streamlining its businesses to focus on the construction segment, as well as to unlock the value and monetise Kanger's investment in Ganzhou Kanger group of companies.
The disposal, it added, is expected to help reduce Ganzhou Kanger group of companies’ debt, which stands at 63.44 million yuan (RM41.53 million).
It is also expected to reduce Kanger’s gearing from 0.13 times to 0.05 times.
@BILLC... Just for you... ----------- Stock: [KANGER]: KANGER INTERNATIONAL BHD
Mar 2, 2022 12:56 PM | Report Abuse
JJPTR
MZM2511, you dont sound like one loosing huge amount of money. still happily cut lost yesterday. my guess you are toooo well verse with the Kanger financial. i dont believe you lost money. -------------- 1. I'm happy??? No. I am really mad at the stock killers who kill my invested counter. Therefore I retalite back. Anyway I still have some WB to protect. Or maybe I will buy back the mother share if I feel it's at a good price.
2. I did some study. By the way I have education in accounting.
BILLC Agent 2511 been promoted this cap ayam from 60 to 8 sen now,,didn’t he feel ashamed?? -------- And you still here at the said con company.... What the ....
But, you have a business here:
...... As claimed by Mikeycc: stockraider aka id :
.... 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.
The gang of speculating spammers including JJPTR and BILLC 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....
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....
rr1688
3,170 posts
Posted by rr1688 > 2022-03-29 23:45 | Report Abuse
BUY...BUY...BUY...HOLD n PUSH UP the price...KANGER fair value RM0.19 X 750 % = RM1.43