I'm still half in half out... Still monitoring where the price will go.. North or south... Ready to reenter if the price is confirms to go north.... TAYOR
Do not believe in it, then find another good counter!!!! It's free to make own decision...
Believe it, than make something.... For example some investors whom being trapped before consolidation have done their topup at lower prices. The average cost of their share holding should be lower than 60 sen....
MZM is very active again. Trade cautiously, set realistic targets Uptrend will change to downtrend Monitor directors plan to raise more funds via shares issuance to PP, ESOS and asset acquisition Can directors bring in profits for the quarters Check how directors utilise company fund
Still no news. The incoming QR report will be released this month. I think it should be at least a reason for the insiders/operators to pump the share price....
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.
US sanctions: M'sia does not recognise unilateral decision, says PM Hariz Mohd & Alyaa Alhadjri Published: Nov 7, 2023 10:52 AMUpdated: 12:19 PM --------- Pergghhhh
KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.
Kanger buy another 15 units Genting condo from Aset Kayamas for RM20 million. What? I thought that Genting Condo all units sold out? PP or RI coming I think.
Kanger acquires another 15 units of Antara Genting Highlands Resort Suites for RM19.8m By Emir Zainul / theedgemalaysia.com 07 Nov 2023, 07:03 pm Potential $$$$$ immediate TP 20 sen
Kanger directors can raise more fund via share issuance to PP. ESOS or seller Old tricks remain the same NOSH will continue to rise to BILLION shares Shareholders equity % and EPS will be massively diluted
@wistlebower99. Don't "SEMBANG KARI".... for the sake of naysaying certain counter.... You are a smart white knight for newbies..... But don't be like OKU_2020, which only akan GONCANG POKOK, tak kira pokok itu berbuah atau tidak....
@wistlebower99. MZM, please check if annual report purposely leave out the name or her disposal was not declared and announced? ------------- The annual report is a legally bound material. Purposely leave out the name is the crime by any BOD.
@wistlebower99. Look at this announcement on 3 Mac 20222. Miss Chai Woon Yoon has been cheasing to be substantial share holder on 28 Feb 2022 (means she holds less than 5% shareholding).
--------- After not be a substantial shareholder, she can sell even all of her shares without legally bound to annouce it at BURSA.
Another situation also could happen to Sii Tung Nai. He already not a substantial shareholder, therefore it's normal if he already disposed all of his shares in Kanger...
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 > 2023-11-06 16:55 | Report Abuse
Posted by tklim > Several days ago | Report Abuse
TWO POSSIBILITIES .....
IF KANGER WANTS TO GO NORTH.......
BUY 0.17
Target1: 0.19
Target2: 0.22
Target3: 0.27
Target4: 0.3
================================
IF KANGER WANTS TO GO SOUTH....
SELL 0.13
Target1: 0.11
Target2: 0.1
Target3: 0.07
Target4: 0.03
===============================
PLEASE TAKE NOTE THAT THE OPERATOR CAN SHORT KANGER BECAUSE THEY ARE HOLDING THE STOCKS....THEY CAN PUMP UP AND PUMP DOWN...
FIRST ROUND THE OPERATOR PUMP DOWN
SECOND ROUND THE OPERATOR PUMP UP
THIRD ROUND PUMP UP OR PUMP DOWN.....GOOD LUCK😎