with terrible Hamas-Israel war on-going, can't understand why Muhyi wants to go through such trouble to go London! I think more ppl will pick Genting if they want a cool vacation in our hot climate. And are there many highlands suitable to build resort? So, I think Kanger made the right decision to buy the 126 units of condo, ready in September 2025!
Bpuri NTA just 3.3 sen. If any next quarter occur another big loss, PN17 ....... Very risky. Kanger NTA 44 sen. Even if there will occur a number of small quarterly loss, Kanger still can buffer its impacts.
1. Kanger has done a lot of restructuring including selling companies in the People's Republic of China which involved in bamboo manufacturing and trading. Several quarters the company recorded a lot of losses . Its should be among the factors that caused the share price to be in a downtrend until it fell to the floor level of 3-4 sen . The subsidiary disposal process in China has been completed , and I expect that in the next quarter there will be no more loss pressure from subsidiary disposal losses and impairment costs incurred as before .
2. The consolidation made by the company gave strength to the company's account / financial position . Especially to overcome the problem of losses during the structuring / disposal of subsidiaries. Even now , after restructuring , NTA can still be at a level of 40 sen plus.
It can be a buffer even if the company has to suffer operating losses in the next few quarters .
3. Prospects from the purchase of Antara @ Genting condo assets that may generate profits in the future.
4. The profit prospects from trading construction material through Sung Master's, the company subsidiary.
5. The cost of holding Kanger's share by insiders is high , for example those who subcribed RI at a price of 6 sen actually bear the actual cost of 60 sen per share ( after consolidation ).
With that scenario , if they want to exit even from Kanger counter , the logic is that the stock price needs to be increased first to reduce the loss of their probable stock disposal.
Therefore my TARGET ,,,, the share price can reach a price of more than 60 sen ( The time frame factor is difficult to be noted).
6. Rumors that suggest there may be a party that might take over Kanger , to me are logical and possible. The take over also can be done by certain new investors subscribing private placement shares.
@kyliew. Normally, those who are owning any shares @ specific counter wont talking bad about the counter, especially if he/she has plan to sell it. Only crazy person will do like that. He He He
Sembang kari saja this naysayer. Matematik pun tak betul... He He He
15 sen is not easy to break la... Takes few more days ok... Last time 12.5 sen took 6 attempt to break it successfully... After breaks it, then resistance become support... So that's how we know now that support is 12.5 sen & resistance is 15 sen...
My personal observation in almost past trading days (in a month) .... Early trading, the operators action seen not so active, later after 11.00 am their action more intense.
But, this uptrend scenario is a little bit different from what happened when Kanger counter was in downtrend mode two years earlier. Be cautious and keep monitoring if there is any sign of pump and dump activities.
The uptrend, up to Friday's market showed it was planned to be a gradual basis, not a sharp increase in the share price.
5 hours ago
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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 > 2023-10-27 09:22 | Report Abuse
wah sudah pecah 15 sen...