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2020-11-17 17:25 | Report Abuse
I queue at 0.17.....wait long .......long .....long.. also cannot get
2020-11-17 16:19 | Report Abuse
I got a funny feeling this PP is related to new Chairman
2020-11-17 15:20 | Report Abuse
@hanzo, pls continue to make your money at other counters.....don't disturb baby sleeping. Bye2
2020-11-17 15:05 | Report Abuse
Kling Kling.....yr Vaccine is here...Kling Kling
2020-11-17 14:58 | Report Abuse
Those bikes selling ice cream will be in big demand. LOL
2020-11-17 13:41 | Report Abuse
NPRA, you sold at .18 or .16?
2020-11-17 13:29 | Report Abuse
Good...now get ready to takeoff
2020-11-17 13:13 | Report Abuse
angelo..market very red. If finished unchanged already good liao.
2020-11-17 13:09 | Report Abuse
Joining Covax means China is supplying its vaccine to WHO, yes?
2020-11-17 12:42 | Report Abuse
Today market don't know why very bad. Bursa must have got up wrong side of bed. LOL
2020-11-17 12:29 | Report Abuse
Let's take a break from Vaccine for a while.
The following is an extract taken from Chairman report in Kanger Annual Report 2019 of what they actually do. Interesting read to know what we are investing into.
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PERFORMANCE OVERVIEW
FYE 2019 was a trying year. The challenges we faced were many, but fortunately, our achievements were no less so. In the face of rising US-China trade tensions, a softening Chinese economy and political upheaval in Hong Kong, I am pleased to report that the Group successfully returned to profitability on an after-tax basis, a significant accomplishment in itself.
Net profit of RM9.39 million was recorded, compared to a net loss of RM1.71 million (including discontinued operations) in financial year ended 31 December 2018.
Despite China’s economic growth moderating further to 6.1% in 2019 from 6.6% in 2018, our Group remains resilient and delivered total revenues of RM65.0 million, an increase of 9.8% from RM59.2 million in the previous financial year.
With the strategic relocation of our bamboo processing and manufacturing operations from Ganzhou to Jingzhou still ongoing, this commendable result can largely be attributed to our decision in 2018 to secure the exclusive distributorship in China for the “CLASSEN” brand of laminated hardwood flooring from Classen GmbH, Germany.
Had both revenue streams been up and running during FYE 2019 (in-house and third party products), our results would have been even more impressive. Nevertheless, this is something we can eagerly look forward to in the coming financial year, as manufacturing and sales of our own bamboo-based products, this time from an expanded new base in Jingzhou, will have re-commenced. The Jingzhou operations would be further bolstered by having our own fully matured bamboo plantation concession for the first time in our Group’s history.
NOTABLE ACHIEVEMENTS
Over the past year, the Group has continued to focus and expend great effort on putting itself on a much stronger financial footing. These efforts have culminated in the construction and recent completion of our two commercial buildings in the Ganzhou Economic & Technological Development Zone, Jiangxi Province, People’s Republic of China by our indirect
wholly-owned subsidiary, Ganzhou Kanger Industrial Co. Ltd.
In Jingzhou City, Hubei Province we are also in the final stages of completing our new high-tech bamboo processing/ manufacturing plant and R&D centre. The main factory buildings were completed in early-March 2020 and the relevant machinery are being installed and commissioned. Once production goes into full swing, bamboo flooring and intermediate
products will once again be a major revenue and earnings contributor to our Group.
22 KANGER INTERNATIONAL BERHAD ANNUAL REPORT 2019
In short, various business and operational milestones were achieved in FYE 2019 with regards to our main pillars of revenue, including the expansion of our sales network. Further details on our operations are given in the Management Discussion and Analysis section of this Annual Report.
Here, I would just like to highlight several major achievements as at the date of this Annual Report:
1. We added the 107th sales outlet to our continuously growing dealer network, which now spans numerous key provinces in China such as Fujian, Guangdong, Sichuan, Hunan, Hebei, Jiangsu and Yunan, as well as major economic centres like Shanghai, Beijing and Hangzhou.
2. We completed and handed over our two newly-constructed commercial buildings in the Ganzhou Economic and Technological Development Zone, with a combined net lettable area of 683,777 sq. ft., to our tenants for final renovation and fit-out works, while signing separate 10-year lease agreements for each of the buildings. This marks a significant milestone in our quest to establish a stable and recurring income base for the Group. The initial combined rental income amounts to approximately RM11.1 million per annum based on current exchange rates. This will grow further in later years with the scheduled rent increases in the agreements.
3. We completed construction of the three main factory buildings at our Jingzhou bamboo processing and manufacturing plant and high-tech R&D centre. In the process, we also fulfilled the first key performance benchmark which entitled us to receive the equivalent of RM5.2 million from the Jingzhou local authority.
This is only the first of a series of earnouts provided for under a multi-year incentives programme agreed with the government. As at the date of this Annual Report, the relevant machinery for the factories is being installed for trial production targeted around mid-2020.
2020-11-17 11:39 | Report Abuse
I think it is a transfer
2020-11-17 10:37 | Report Abuse
When is Cansino announcing its testing results? Is it ready yet? Sinopharm, Pfizer, Moderna had announced their efficacy already.
2020-11-17 09:33 | Report Abuse
Given Wu's profile, age and working experience, I am not surprised he is acting for someone else. He was appointed late 2019 as director. Don't think he is involved on day to day operations.
2020-11-17 09:23 | Report Abuse
90m already sold and absorbed liao
2020-11-17 08:32 | Report Abuse
Scared today go back to original price before glove project announcement.
2020-11-17 07:19 | Report Abuse
So far Pfizer, Moderna, Bion Tec and Sinopharm had announce their efficacy. What's happening to Sinovac, Cansino and the rest?
2020-11-17 07:08 | Report Abuse
Vaccine news keep coming out daily. This bring high awareness in vaccine counters.
2020-11-16 20:49 | Report Abuse
Rising sea tide will lift all boats ( I mean vaccine boats)
2020-11-16 17:38 | Report Abuse
And I gong gong sit and wait
2020-11-16 16:44 | Report Abuse
Looks like today closing likely be .180
2020-11-16 16:43 | Report Abuse
All valid vaccines will be winners in this pandemic.
2020-11-16 16:42 | Report Abuse
Sure win situation...I am just assessing risk
2020-11-16 16:41 | Report Abuse
One way or another, Sinopharm will be one of them.
2020-11-16 15:35 | Report Abuse
This is the 2nd time I hear from KJ that he mentioned non disclosure documents, no wonder we do not hear any news from Kanger.
2020-11-16 15:29 | Report Abuse
This share is like caterpillar. Move very slowly. But it will soon be a butterfly. So to see good things have to wait la.
2020-11-16 15:25 | Report Abuse
Government most likely will buy few brands to spread out risks of any side effects that can happen to all levels of population. It is matter of who get more share or less unless the vaccine is not approved at all.
2020-11-16 15:22 | Report Abuse
I still queuing at 170. No hurry ..can wait.
2020-11-16 14:11 | Report Abuse
BEIJING- Coronavirus vaccines being developed in China may be ready for use by the general public as early as November, an official with the Chinese Center for Disease Control and Prevention (CDC) said.
Read more at:
https://economictimes.indiatimes.com/news/international/world-news/china-coronavirus-vaccine-may-be-ready-for-public-in-november-official/articleshow/78119754.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
2020-11-16 14:03 | Report Abuse
Khairy in Parliment on vaccine
https://www.youtube.com/watch?v=-iImSD318ac&feature=youtu.be
2020-11-16 11:59 | Report Abuse
Moment of truth is fast approaching. Who got vaccine, who don't have vaccine.
2020-11-16 11:47 | Report Abuse
Even Ruler of UAE get Sinopharm vaccine. So is it halal or not?
https://www.bloomberg.com/news/articles/2020-11-03/dubai-ruler-gets-covid-vaccine-joining-other-top-uae-officials
2020-11-16 10:58 | Report Abuse
Maybe oskchoon think -70 deg freezer is good for gloves. Scared gloves might melt. LOL
2020-11-16 10:26 | Report Abuse
Ignorance is entertaining these days ..lol
2020-11-16 09:26 | Report Abuse
Looks like my .165 buy have to revise liao.
2020-11-16 07:00 | Report Abuse
Today...gunung merapi akan meletup...hehehehe
2020-11-16 06:34 | Report Abuse
First Australian vacicnated with Sinopharm
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But the fact is, there are many vaccines out there in the world being tested for the final release. Rochelle received one of them – the one that's made by a Chinese company Sinopharm.
"The fear of getting the virus outweighed the fear of having the vaccination," she explained her intention of getting vaccinated to 9News.
The Sinopharm vaccine is now being tested in the UAE, with 30,000 people injected, including the country's prime minister.
https://news.cgtn.com/news/2020-11-15/First-Aussie-vaccinated-against-COVID-19-confuses-local-authorities-VrHGOv9yW4/index.html
2020-11-15 22:02 | Report Abuse
Tomorrow if can get .165, I be very happy already.
2020-11-15 21:20 | Report Abuse
https://www.malaymail.com/news/money/2020/06/24/kanger-legasi-lestari-team-up-to-export-river-sand-to-china-hong-kong/1878550
Legasi Lestari partly owned by the family of the former Pahang State Assembly Speaker who passed on few years ago.
2020-11-15 21:12 | Report Abuse
One of its director is Professor Datuk Seri Md Zabid was formerly Chairman of Unitar (University Tun Abd Razak) and Lestari Legacy its jv partner for sand concession is a Pekan based company.
2020-11-15 21:08 | Report Abuse
This low profile counter is not simple
2020-11-15 20:50 | Report Abuse
Syed Razlan Ibni Syed Putra - Prince of Perlis Royalty
2020-11-15 20:49 | Report Abuse
Mad..Tuanku Syed Sirajuddin ibni Almarhum Tuanku Syed Putra Jamalullail, I believe he is Perlis Sultan
2020-11-15 20:40 | Report Abuse
Surprised to see this name appear as Kanger shareholder
Syed Sirajuddin Putra Jamalullail & Syed Razlan Ibni Syed Putra
2020-11-15 19:48 | Report Abuse
Next week is the last call.
2020-11-15 18:55 | Report Abuse
Certification of a fill and finish facility to meet manufacturer standard take a long time.
2020-11-15 18:47 | Report Abuse
There are bound to be politics involved but none bigger than the urgent need for vaccine. I personally don't see much hindrance to it. What is holding back would be the imminent release of data and smooth full production phase post third phase.
2020-11-15 18:28 | Report Abuse
It reminds me of early inventors who make such great machines in their research centers but not feasible or practical in the real world.
Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
2020-11-17 18:17 | Report Abuse
As long as share prices go up, don't care who is the partner. LOL