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2022-04-07 16:21 | Report Abuse
Lol, what rumor is this
2022-02-14 21:53 | Report Abuse
if you have patience, long term in Kanger is the right way now
2022-02-14 21:52 | Report Abuse
I believe investment in Sung Master is legit, dont think the management will just throw money into a dumpster anyway
2022-02-14 20:54 | Report Abuse
TP 40 sen? TP 25 sen first lar, step by step
2021-10-12 19:02 | Report Abuse
Should the RTO really happens, Aset Kayamas who had a diversified property development projects where a combination of Luxury Highrise Residences and Affordable Housing projects such as Axon, The Hipster, The Hermington just to name a few. With years of experience in the property development segment, the materialization of the RTO would definitely change KANGER forever.
At least on the current price of 6 cents per share which is same with the rights issue price, our entry price for the current level is the same as PAC of Aset Kayamas. So practically, the chance to lose money is extremely low and I believe KANGER is worth more than double the current share price even before the RTO take place.
If the RTO did take place, I think it would be too late for investors to invest in the company.
2021-10-12 19:02 | Report Abuse
Herein attached is a report by Sinchew on the emergence of new substantial shareholder.
So, if we think rationally, KANGER had done the following:
1. Acquired properties from Aset Kayamas.
2. Had RM1.0 billion worth of construction projects on hand (potentially from Aset Kayamas).
3. Acquired 51% of Sung Master, who supplies to Aset Kayamas.
4. Emergence of new substantial shareholder which is expected to be PAC from Aset Kayamas end.
Definitely something interesting is brewing in KANGER side for now.
2021-10-12 19:01 | Report Abuse
For your information, Sung Master is primarily involved in supplying building materials and it was expected to deliver a profit after tax of RM20.0 million in the full year 2021.
I did a CTOS check on Sung Master (I can’t share the screenshot for obvious reasons) and noticed that one of the major customers for the company is actually Aset Kayamas. If you link the acquisition of properties – which could be involved in operational and management, it is very likely that KANGER would receive construction projects from Aset Kayamas, while supplying building materials to them, which would land a strategic partnership between the two parties.
But there are more to it.
Potential RTO In Place
Dated 4th of October, we noticed that an emergence of a new substantial shareholder – Miss Chai Woon Yun, which holds approximately 9.3% of KANGER shares after the rights issue. A quick background check on Miss Chai and we would note that she was actually the daughter of the founder of Aset Kayamas.
2021-10-12 19:01 | Report Abuse
Construction Recovery Theme
In the month of October, we had seen significant of cash inflow into the construction segment. This is largely due to the market believes the sector would be benefited from the economical reopening of the market. Not to mention the upcoming budget might also weight in more for the sector.
Backtracking on KANGER’s proposal to diversify into the construction segment, the company is currently applying for the highest CIDB license – G7 to undertake its existing construction orderbook which is worth about RM1.0 billion in total size. Assuming that the orderbook would last KANGER for 3 financial years, each financial year would be left with RM333.3 million, which is approximately 20 times of normalized financial year 2022 first quarterly performance.
KANGER had also acquired Sung Master Holdings Sdn Bhd for a total sum of RM94.8 million for a 51% stake in the company.
2021-10-12 19:01 | Report Abuse
As for proxies, property developers with projects in Genting might be benefited from the tourist recovery to be back to c. 28.7 million in CY 2019. Some names such as TROP (KLSE: 5401) and NCT (KLSE: 0056) had projects around Genting, which could benefit from it, too.
But amongst all the companies mentioned, KANGER should be the most undervalued of all.
In February 2021, the company had entered into a SPA with the potential Reverse Takeover Target (RTO) company – Aset Kayamas Sdn Bhd for the acquisition of 126 units of serviced apartments in Genting for RM142.87 million in Tower A.
We had seen a significant recovery in footfall alongside with US$800 million investment by GENM into Genting SkyWorlds which is expected to be opened soon, the property prices in the area are expected to increase in tandem with the growth in footfall and tourism income.
At the first glance, KANGER could benefit from the capital gain of the properties, but there is more to it.
With the strategic partnership with Aset Kayamas, KANGER could operate and lease the 126 units while waiting for the capital gain of the investment, this could bring a more consistent cashflow to KANGER and ultimately benefit from the acquisition in two ways – operating & managing, and finally monetize the projects via disposal at a certain profit.
2021-10-12 19:00 | Report Abuse
KANGER (KLSE: 0170) – A change in investment landscape
The bamboo maker cum vaccine supplier had a radical change in their fundamentals, and yet market is pricing them at the “old” KANGER point of view. However, it is time for investors to relook into KANGER with their new proposition in the property and construction segment.
Genting Tourism Boom
I’m sure plenty of you had seen videos with regards to footfall in Uncle Lim’s favourite spot in Genting, and at the first glance we would think that the beneficiaries should be GENM (KLSE: 4715) and the holding company GENTING (KLSE: 3182). But on a more rational standpoint, both of the company had seen quite a substantial increase in share price ever since the rapid vaccination program and huge reduction in number of COVID-19 cases.
In other words, the investment reward for GENM and GENTING had become relatively lesser.
2021-10-12 18:58 | Report Abuse
Lol, why not? give us some of your opinion
2021-10-12 18:47 | Report Abuse
Yup, very bullish on the RTO news, Kanger to the moon!!
2021-10-12 17:48 | Report Abuse
This week will be a collecting period, get ready guys!!
2021-10-12 17:34 | Report Abuse
Haha, maybe limit up after takeover
2021-10-12 17:21 | Report Abuse
Yup, collecting season now, might see price spike and goreng soon!!
2021-10-12 17:19 | Report Abuse
Still a underlook case for most ppl here since there is alot of wb comment around
2021-10-12 17:16 | Report Abuse
@whistlebower99 yes, I think most ppl here are really confident about Ms Chai become substantial shareholder because of her background
2021-10-12 17:14 | Report Abuse
steady lar , with the potential takeover coming up, kanger gonna move up to the next level
2021-10-01 09:17 | Report Abuse
Looking to hit tp 0.07 today..
2021-09-30 16:14 | Report Abuse
Kanger’s Executive Director, Mr. Steven Kuah Choon Ching (柯 俊 敬) said, “We are delighted that a large and reputable organisation such as China Energy Construction has expressed interest in purchasing our properties in Ganzhou City. Upon disposal of the properties, we will be able to realise significant capital gains as well as raise a sizable amount of cash flow”. “As the Group pivots into the construction business segment, the disposal of the properties is timely as it enlarges our war chest to fund the expansion of our construction division. The proceeds raised will be used as working capital for our existing 7 construction projects totalling approximately RM1.0 billion in orderbook. Furthermore, with a stronger balance sheet, we would be able to take on larger scale construction projects, thus enhancing our competitive advantage when tendering for new projects”.
2021-09-30 16:13 | Report Abuse
if we take normal property margin profit margin of 12%, the sale would result in at least RM 31 million, which is surprise for investor for the turnaround
2021-09-22 07:01 | Report Abuse
https://www.thestar.com.my/business/business-news/2021/09/22/stocks-steady-as-markets-calm-after-evergrande-led-slide
look at this, steady up market
2021-09-19 10:41 | Report Abuse
all auditor got good and bad most important comepany solid
2021-09-19 10:41 | Report Abuse
docileinvestor, you mean this? https://www.theedgemarkets.com/article/kpmg-pay-rm333-mil-malaysian-govt-1mdb-settlement-mof
2021-09-14 16:23 | Report Abuse
just chill.. good company sooner or later will up
2021-09-14 16:20 | Report Abuse
why so concern on share price.. share price change every second.. company value last for decades
2021-09-14 08:13 | Report Abuse
Very nice... management positive for upcoming QRs
2021-09-10 09:40 | Report Abuse
this target1 always talk number1, dont call target1 call number1, show proof you lose money laaa
2021-09-08 00:28 | Report Abuse
nah.. see tomorrow this group of people hired sure come comment in the morning, rest at lucnh break and conitnue in late noon.. wkwkwk
2021-09-08 00:20 | Report Abuse
yes, long term buy 3 PE stock mah, where to find similar undervalued stock?.. listen to these punters working with goreng want to shake people out.. puihhh
2021-09-08 00:17 | Report Abuse
why Tuantee only give negative comment? trying to wash retailer?
on behalf of other retailer who is serious about investing, i give you the finger la, nahhh
https://ibb.co/5RxkpXJ <-- look at his comments
2021-09-08 00:16 | Report Abuse
all these drama people.. so free ah? nothing to do? or paid to do dirty work for ex-boss?
2021-08-11 15:47 | Report Abuse
Of course hot counter la, full of haters confirm hot 99
2021-08-02 14:46 | Report Abuse
back to strong support at 0.06....
2021-07-29 11:39 | Report Abuse
i buy 0.01 per share.. like you.. now saudee make me itchy, go up a bit i sensitive
Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
2022-04-07 16:22 | Report Abuse
Momentum is going up