I have faith in Ta Win, so am just adding and holding on.

hi, just in case it helps you.....below is a quick note on Irradiation-Cross-Linking processes to be done at Ta Win Factory in Alor Gajah:
https://www.champcable.com/wp-content/uploads/2019/01/Irradiation-Cross-Linking-of-Polymers-Short.pdf.

The processes are meant to strengthen the insulations of the copper wire, although the note says "cross-linking the wire" which makes it sounds like cross-linking copper which makes no sense, as far as i know.

Can Kanger still make profits with rising costs for building materials?

@MZM2511, some times ago you suspected the huge number in "Loss on foreign exchange - unrealised RM 595,085 (000). I think you're right: it's a typo and there might be other typos. My checking shows if 595, 085(000) is replaced by (2519 (000)), then the Operating loss before working capital changes is (28,578), as claimed. But if the loss on foreign exchange must be a positive number, then there must be at least another typo in the report.
(I am confident about my claim although I never studied accounting because I tested my understanding using the 31 DEC 2021 account and the numbers added up correctly there!)

EGM postponed.......wonder how the twists and turns will paly out!

hi, thought the annual 4% of Pansar-PA was due in May. But no news. Any comment? Thanks

My average cost is 10.5 Sen, so will consider if hit 11sen. Any comment?

I am assuming this company must have good potential since different teams never give up trying to gain control, so won't sell at this relatively low price

Thank you Genting for contributing to Dementia research!

https://ts-assets.ams3.cdn.digitaloceanspaces.com/mg/tx/pdfs/Lucidity-Data-Announcement.31May2022.for-website.pdf

good, waiting for their plantations to bear fruits, tunggu durian runtuh!

@MZM2511,
"@Patience99. Another issue is, what happened to the two assets supposed to be disposed? I can not trace any sign of it in their last two quarterly reports."

Are you referring to the Two commercial buildingd and land in Ganzhou City, disposed off for RMB400mil?
Is it related to "Overall......gain on disposal of subsidiary companies amounting to RM54.6 million in Q3 2022."?

It has been a while. Hope everyone here healthy and well!

@MZM2511, Am trying to understand and check the QR.
Just wondering if some one can put it in simple layman language but in detail (where the numbers come from) the following:

"Overall, the Group recorded loss before taxation of RM31.0 million in Q4 2022 as compared to loss before taxation of RM74.8 million in Q3 2022. The decrease in loss before taxation in Q4 2022 was mainly due to the Group has incurred non-recurring expenses such as impairment loss on inventories amounting to RM2.5 million, impairment loss on trade and other receivables amounting to RM31.1 million, impairment loss on other investments amounting to RM3.6 million and impairment loss on intangible assets amounting to RM10.5 million and fair value loss on investment properties amounting to RM77.4 million, although the loss was mitigated by gain on
disposal of property, plant and equipment amounting to RM3.1 million and gain on disposal of subsidiary companies amounting to RM54.6 million in Q3 2022."

For example:
1)In the 28 March announcement of the disposal of Ganzhou Kanger to Zeng QihHui for RM20mil. If I understand correctly, the net cost was 120mil, so roughly this means loss is 120mil-20mil=100mil. Is this correct?
2) In Dec 2021, Shenzhen Kanger was disposed off for RMB 3mil (~RM2mil). Since initial capital was RMB 36mil, this mean loss= 36-3=RMB 33mil (~RM22mil)
But I don't know how these numbers are reflected in the QR.
My point is if we can check and understand the origin of the numbers in the QR then at least we are sure of the integrity part, as Patience99 noted that the previous accountant resigned....

@YoongGer Appreciate your postings....I was cheered up by the NTA of 50sen though I am stuck quite high. What you think of the latest QR?

I am thinking the long Chinese lockdown had just brought down Kanger's businesses in China, and could (just suspecting) even be cheated by some of the locals who were running the businesses there due to lack of supervision due to the lockdown???

But Kanger is now focused on its businesses in Malaysia and we can hope it will turn around?

Thanks for sharing the observation!
I hope not just 2 of us....may be ppl are temporarily busy with Sapura, Cypark...
Remember 1 year ago there were TurkeyFig, Doggie888 among others....One of them very confident about Mdm Chan, and influenced me to hold all these while even when it was as low as 7 sen. Lucky and Appreciate that!

Just an observation: In the case of the forced selling of SD director, the words "forced selling" are written in the Bursa Announcements, but no such words in the Cypark's Bursa announcements.

@SengGor1011, thanks for the numbers and the optimism. But for ppl who bought much earlier - when Ageson got all the big sand contracts - they experience the big fall! Hopefully, with the Perak MBI and other projects and the full funding from the RI, Ageson can recover!

P/E ratio tells more? Anyway, I see its making much more profit compared to last quarter and to last year's corresponding quarter. Plus the additional revenue streams from the newly acquired plantations (and later the Antara-Genting serviced apts?)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3263180

EGM..... how to register? i can't find the info quickly. Thank you.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3262892
Oversubscribed....so looking forward to Ageson performing!

@LubeTrader, Are you referring to the "ganja" news yesterday? If not, can give more hints?

"Matter too sensitive to be disclosed and discussed in public forum. Not even the major publications dare to touch on this matter. I've done my own sleuthing and found the possible cause behind the mysterious cause of this unusual incident."

Good to see another 3.65 mil pieces of WC conversions
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3260296

Also 79,800 PA conversion at 48sen each. I still don't understand how come 48sen?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3260571

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3260569

Oh, my mistake! Disagreement still on going!

Now the court case is over, the land is there to be bought, so what is next?
When will we see the 100MW solar farm?
Looking forward to Director's actions .... his salary +benefits = 523k in 2021.

Good to see another, 2 mil, conversion to mother!

Past several QR churned out profits, and billion RM project with Perak, wonder why share down so much!

In conclusion, i am not selling and looking forward to the QR coming out end of this month!

@JJPTR, you asked "VC too has money lender license, for what purpose?“
Money lending is one of the key businesses! Wondering why you asked this.

266,121, 872 WC were listed on 28/4/2021, and 108,867,100 have been converted. This I have verified by checking Bursa's announcements. The conversion to me means confidence in VC and gives 18.5 mil. Then, you have the 13mil from 2nd variation on the use of the proceeds from the RI last year. These funds helped VC to pay the 10% down payment for the Antara Genting purchase, just after buying the oil palm and durian plantation. I think VC's management have done their detailed calculations. I think more ppl will convert their WC and generate more fund.

Another thing to note: VC's NAV is almost twice the share price now

@JJPTR, I don't see Kanger has any money lending license

@JJPTR Kanger has money lending license?

I did a quick estimate: the 187 units VC bought has total build up area of 164232 sq ft. and Price is 246.348mil, so is rm 1500/ sq ft. From website below, price for 800 sq ft apt is 1.325 mil. this works out to rm1656/sqft, so VC got 10% discount. Any comment from anyone?
https://www.iproperty.com.my/property/genting-highlands/antara-genting-highlands/sale-102944368/

There have been change of ppl in the management, pls check.

New to Muhibbah, but subscribed to RI. Just want to point out that as announced in Bursa the directors forked out many millions to subscribe the RI. I will just hold.

Indonesia stop palm oil export and more conversion of warrants, both good for company, so expecting up!

Why would a PA holder convert to share by paying 0.48?

@Raiz368 the first part of what you said turned out true.... waiting to see the second half! I'm holding on to my tickets as palm oil demand will be high for some time and Chinese orders for durians keep coming despite the rise of covid cases there!

@8888_ ya finally back to 17, a long wait but worth it. Glad that VC branches out to oil palm and durians!

Forgot to mention that there's 540 acres of vacant land, so meaning can plant more an potentially more return. So why not I wait longer, why rush to sell?

The durians were planted in 2018, and grafted durians take 4-6years to bear fruits.... soon! The announcement at Bursa has no mention of durian types....any one know?

In the recent acquisition, besides the 700 acres of oil palm, also got 45 acres of durian!

Like his experience in plantations may be very useful for the new oil palm venture? My guess is that the VC bosses converted their WC and with Liu's PP, VC bought the oil palm plantation. I think they have high chance of succeeding, so am going to hold on to my tickets and wait for few years!

Dato Liu's vita seems to match VC businesses well!

@lsmailkarin TQ for the info. Hope the guys who misused company funds will be thrown out soon! Can't see why MBL can't do well when other palm oil counters are going North!

Can hit 270 today?

@TrendLai the JV with Skymind still on, see latest qr

Wow, finally looks like the 8 million acquisition and two upcoming new launches showing power!

Damn, invested 20+k in this counter 2 years ago.... didn't know it needed a Ferrari to do oil palm business!

TQ. Assuming one day I have that $ haha then approach the company directly?

@wallstreetrookie How to qualify for private placement?