KANGER INTERNATIONAL BERHAD

KLSE (MYR): KANGER (0170)

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Last Price

0.06

Today's Change

0.00 (0.00%)

Day's Change

0.055 - 0.06

Trading Volume

119,700

Company Announcement


Date Subject
Discussions
15 people like this. Showing 50 of 32,219 comments

whistlebower99

Directors continue to receive high monthly salaries to raise fund via shares issuance and losing money in business ventures.
MZM, do you agree?

1 month ago

MZM2511

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvesting in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

1 month ago

MZM2511

I have a plan to add some if the price is below 5.5 sen but I think the price won't revisited 3 - 3.5 sen again in the near future, especially before the completion of the proposed PP. TAYOR..

1 month ago

RedOreo

Wah price stabilize ! Time to hoot 9e ? Hahahhaa

1 month ago

OKU_2020

Beware of the PP DILUTION
the Kaput-ing price trend speaks volume
mom Kanger side ways hitting 5.5 sen
son WB - the very out of money ( conversion price = 50 sen )
WB is in critical condition @ 1 sen

1 month ago

OKU_2020

getting worst....!
MZM & Co ?
In HOT SOUP now
heard already trapped in self installed BOOBY TRAP .
NO EXIT - expecting him & Co TO " DIE STANDING "
Pity - pergghhhh

1 month ago

OKU_2020

Better fasten our seat belts
hmmm....the Kaput-ing / Sweating price trend speaks volume
Killing us softly

1 month ago

OKU_2020

BEHEADING is NEXT ?
those trapped be prepared ...!
Mom Kanger Kaput-ing @ 5.5 sen
Beware Nearly Coffin WB -
WB very out of money ( conversion price 50 sen )

1 month ago

OKU_2020

BLOOOODY
BEHEADING is NEXT ?
those trapped be prepared ...!
Mom Kanger Kaput-ing @ 5.5 sen
Beware Nearly Coffin WB @ 1 sen -
WB very out of money ( conversion price 50 sen )
Kangar Killing some of us softly

1 month ago

Konnichiwa

I thought AGM on 26 March, no?

1 month ago

MZM2511

@Konnichiwa. Sorry. Yes the AGM and EGM will be held on 26 March.

1 month ago

OKU_2020

#GettingWORST

1 month ago

Peace99

@MZM2511 and kawan, Referring to the PP announcement
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3428455
One reason for the PP is the IJOK development.
I have several questions:
1. Were the purchase of the land in IJOK announced in Bursa? I could not find the announcements.
(Lot 1765, Tempat Batu 28 Ijok, Mukim Ijuk, Kuala Selangor,1.2368 hectares (about 3 acres) RM 4.8mil
and Lot 1766, 1.2419 hectares (about 3 acres) RM 3.7 mil)
Anyone has a knowledge of land prices in IJOK?
(Personally I find these land prices very high, considering they are 99 year ending 2077, about 50 years left only)

2. The GDV of the IJOK Development is RM 46mil. Construction cost RM36mil.
Does this construction cost of 36 mil include the cost of land?
(Hopefully yes. If not, then land cost =4.8+3.7=8.5 mil. Then total cost =36+8.5=44.5mil, i.e very low profit margin)

Would appreciate any comment. Surely hope Kanger prosper.....just want to clarify.

1 month ago

MZM2511

@Peace99.

Answer for question no. 1:
They announced the land acquisition of the lands.

Refer: OTHERS Kanger International Berhad ("Kanger" or "Company") and its subsidiary companies ("Group") - Proposed Acquisition of Properties by the Company
via https://www.malaysiastock.biz/Company-Announcement.aspx?id=1253264

Answer for question no. 2:

As specified in the company announcement, the contruction cost will be RM36 mil.
I think it's not include the acquisition cost of the lands.

If we refer to the meaning of construction cost, it stated that: "Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials."

Furthermore if we read the company report, it stated that:
---- the total estimated all-in construction cost for the Ijok Development is envisaged to amount to approximately RM36.00 million. The building and infrastructure works mainly comprise of 14 units of 2-storey semi-detached shop, a 2-storey office, an electrical substation (double chamber) and sewage treatment plant, with an estimated built up area of approximately 95,000 square feet. The cost amounting to approximately RM36.00 million is inclusive of incidental expenses to be incurred with the building and infrastructure works such as professional consultancy fees for project planning, submission fees to authorities, as well as contingency costs to cater for fluctuations in construction material costs, overtime costs, and/ or costs due to variation in building plan design and architectural layout, civil, structural and mechanical and electrical works.

4 weeks ago

MZM2511

Land = GDV – ((Construction + Fees) + Profit)
8.5 mil = 46 mil - ( (36 mil) + 1.5 mil)
Yes, by theory the profit margin is too slim.

But, the GDV calculated based on current property sales price and recent transaction in the area. The construction is envisaged to commence during the first quarter of 2025 after obtaining the approved development order for the commercial components of the Lands. The project also will take times to a completion.

Hope that at the time of project completion, the said properties valuation could increase and the company can sell it with a better price and with a better margin. TAYOR

4 weeks ago

Peace99

@MZM2511 Thanks for the clarification. I found the announcement for land purchase in 2020, but not 2022.
I thought Bursamalaysia.com is the official channel and so all announcements should appear there?

Hmm, about the margin, still seem quite slim....the land cost 8.5 million few years back, so if we include interest, come to 9-10mil.
Hopefully someone who attend the EGM can get the management to clarify about this IJOK Developments.
(I do think their Genting Highlands Condo investments make good sense!)

4 weeks ago

OKU_2020

" Beheadingg @ Kepala Potong " anytime
NO Mercy
Mom Kanger Kaput-ing @ 5.5 sen
Beware.... Nearly Coffin WB already collapsed @ 1 sen -
WB is very out of money ( conversion price 50 sen )

3 weeks ago

fl888

Window dressing for Agm/Egm on 26-03-24…better go up..

3 weeks ago

gqhong

Land 1 = 1.2368 hectares cost rm 4.8m
Land 2 = 1.2419 hectares cost rm 3.7m
Total 2.4787 hectares or 266,805 sqft cost rm 8.5 m

Ijok development built up area 95,000 sqft

95,000 sqft / 266,805 sqft = utilized 35.6%

3 weeks ago

fl888

Last PP exercise was in 2020 at around 0.16cts…to acquire Ijok …now PP at 5.5cts to develop Ijok to develop 95,000 sq ft…got around 165,000 sq ft to develop…near Genting …need revaluation exercise to determine the actual value of Kangar in view of the current and potential development of economy…look like Kangar can surpassed 10cts this year of the Dragon..

3 weeks ago

OKU_2020

Bhaii ( Bro )....
hmmm...merely a DEAD CAT BOUNCE
so NOTHING TO SHOUT
Pity to those trapped yesterday
TO DIE STANDING liao

3 weeks ago

MZM2511

fl888
…now PP at 5.5cts to develop Ijok
------

5.5 cents is just their ilustrative price... stated in their proposal.
As I said, actually it depend on management / insiders to set the PP issue price.... At below 5.5 sen, at 5.5 sen or higher than 5.5 sen. We will see it later.... TAYOR

3 weeks ago

OKU_2020

look like a BOOBY TRAP was set / planted yesterday
sweating liao......SHIVERINGGG ?
Pity- A short lived euphoria🤣

3 weeks ago

crackyoo

stay away from penny stock!

3 weeks ago

OKU_2020

Look dangerouss & critical again
Beware especially you innocent newbies

3 weeks ago

OKU_2020

Told u edi about this BOOBY TRAP -
but fell on many DEAF EARS
Pity

3 weeks ago

MZM2511

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvestment in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

3 weeks ago

Noobie123

Hope kills.

3 weeks ago

MZM2511

@Noobie123..
Without hope, we are dying... He He He

3 weeks ago

MZM2511

The price is stabilising @5.5 sen - 6.5 sen.

Wait for them to goreng... Maybe the probable causes are:

1. QR announcement at the end of this month (As expected, the latest QR show us a better result), or

2. Company intention to set the price of shares for their proposed PP (for this cause, the time is nearer as the BURSA already resolved to approve the listing of and quotation for up to 180,306,505 new Kanger Shares to be issued pursuant to the Proposed Private Placement, subject to some conditions to be followed by Kanger, and the illustrative issue price of the Placement Shares is assumed at RM0.055 per Placement Share), or

3. Any other positive development..

3 weeks ago

BE_GREEEEEDY

roit!rotikong@
MZM always negative
,++++++++
Warren Buffett >>
BE. GREEEEEEEDY 💪when others are SHIVERINGG

2 weeks ago

paktua73

morning all kanger readers..
come joined Paktua swing at new born counter..
its more promising.

paktua now play new born counter..
let joined paktua on good hot new born stock..

paktua back pick new hot counter for march till june..

so paktua n team we will focus on
1-Mtec paktua target rm1.43
2-KJTS paktua target rm0.93
3-Hegroup Paktua target rm0.70
4-Emcc paktua target rm0.75

set from 21hb march 24.till 7hb june 24..

come joined paktua Swing team..
let we fight together



tut tut
come joined paktua swing team..
sent request at tele @swingdarkred73

2 weeks ago

Peace99

Anyone know how much one unit of Antara Genting is selling now?

2 weeks ago

OKU_2020

Noobie123@
Hope kills.
----------
DEAD CAT bounce
Told u edi about this BOOBY TRAP -
but fell on many DEAF EARS
PP Share Dilution is a serious painful
hmmm...a short lived euphoria

2 weeks ago

MrChin Williom

Pkh+c up gao gao la

2 weeks ago

Konnichiwa

What is the recap for AGM yesterday and board’s prospects on future direction? Any of you attended the AGM?

2 weeks ago

OKU_2020

better fasten our seat belt
tsunami warning is ON again

2 weeks ago

TopKey

most ppl loss interest in kanger alrdy

2 weeks ago

OKU_2020

Seen a DEAD CAT BOUNCE ..
A short lived euphoria .
COMDOLENCE to those trapped with MZM heard " killed "

1 week ago

OKU_2020

Losing steam & Kaput-ing
A DEAD CAT BOUNCE
hmmm...a short lived euphoria
BOOBY TRAP

1 week ago

OKU_2020

Getting Worst,,,,,
Pergghhh....
BACK TO SQUARE 1 ,,,,hmmm
Looks Critical
The Worst Is Yet to Come......

1 week ago

OKU_2020

Back to Square 1
Sweating liao....
Pity to those trapped
Newbies ....Blame No one except him@ ??....hmmm

1 week ago

OKU_2020

Getting worst.....slowly dying
Innocent Newbies ?.....blame no one except that Day Dreaming Dude

6 days ago

MZM2511

Without hope, OKU_2020 and his followers are dying... He He He

Playing this stock, you have to be patient... Including being patient with people like OKU_2020...

Always negative on his targeted counter... But still pon danly rocking and supposedly going fishing?

6 days ago

MZM2511

The proposed PP has been approved by EGM... Later, the company needs to determine an issue price for the PP shares.... It will depend on insiders / management of the company to set it at around 5.5 sen or higher....

6 days ago

flatso

Because of your boycott, you destroy your own country.

6 days ago

kamalinvestor123


flatso

Because of your boycott, you destroy your own country.
...........................................
Because of your rude attitude that started to cause problems in society.

5 days ago

OKU_2020

Hepi Eid al-Fitr
PEACE 0-0
MZM....hmmm

4 days ago

MZM2511

Happy Raya Puasa
to OKU_2020 and fellow Kangerian

4 days ago

Peace99

Everyone Happy Raya!

4 days ago

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