one company t already tokenizing usd300 million dollars of commercial real estate...anyone who put usd5000 into t last year could have cashed out with as much as usd38,540 over 600% profit gain...awesome...real estate...
Jaynetan, yes, I was just starting out and I received good tips from you. I tried to pass on some of those. Think you have made some study before coming on board?
Kanger's NOSH been uplifted in line for acquiring new projects or diversification. It was done for the development of the company businesses. The company is in their path to be more diversified and profitable.
---------------------------- On behalf of the Board, UOB Kay Hian wishes to announce that Bursa Securities had, vide its letter dated 30 June 2021, resolved to approve the listing and quotation of the following:-
i 713,157,273 new Kanger Shares to be issued pursuant to the Proposed Acquisition; and
ii. 769,513,179 new Kanger Shares to be issued pursuant to the Proposed Subscription
---------------------- and: Look at the good prospects from the proposed acquisition, for example:
Kanger is still in progressing state in its current businesses, which are a bamboo flooring and related products, and Kanger also in its plan to venture in other business activities such as been involved in the construction services, in a process to acquire property for investment and in a final process to acquire a company which involved in a construction material trading.
All sort of the new investments in the new businesses has expanded via internally generated funds or by the issuance of new shares in Kanger. Its not involved any major debt financing facilities. Therefore the company can minimize the risks of higher debt burden by the company in the future. The financing facility via issuance of new shares also could minimize the cost of financing for the company.
If the new businesses are truly have good potential to improve the revenue and profitability of the company, I think the big NOSH issues should be no issues at all. He He
p99 I bought 6 sen and sold 6.5 sen several times it is a penny stock but this I rarely mind as far as I opin there is trading opportuinities . I too small to tell and teach the boss how to do business
its corperate exercise coming with rihts and warrants. I want only the gain if there is
PETALING JAYA: Fresh from its acquisition of a 51% stake in building materials supplier Sung Master Holdings Sdn Bhd, Kanger International Bhd aims to strengthen the contribution of property investment and management business to the group’s revenue.
Executive director Steven Kuah Choon Ching (pic) said although the contribution from the segment is small currently, it is a potential growth driver, apart from the construction business, going forward.
The bamboo flooring manufacturer is exploring new revenue streams to put the group on a stronger footing to turn around its financial performance.
It hopes to return to the black in the financial year ending March 31, 2022 (FY22) after incurring a net loss of RM47.45mil in FY21.
Kuah said that in an effort to expand the contribution from the property investment and management business, it has recently purchased 126 serviced apartments in Antara @ Genting Highlands for RM142.9mil.
As for the rationale of this acquisition, Kuah said: “With the Covid-19 pandemic, we felt it was an opportune time for us to invest in properties at attractive prices. As it was an en-bloc purchase, we were able to obtain a discount of about 19%.”
Notwithstanding the prevalent challenges in the tourism sector, he is upbeat that the potential of these properties – located at Genting Highlands – would bode well for the group on a multi-year horizon.
“By the time these serviced apartments are completed in 2024, the tourism industry would have returned to the pre-pandemic era, and Genting Highlands is a major destination that attracts large numbers of local and foreign tourists all year round.”
Kuah is positive that the properties would bring in a steady flow of recurring income by way of rentals.
“In addition, we will benefit from capital gains when the properties are sold, given our attractive entry prices,” he added.
“All in all, we are in the midst of transforming the group into a robust and diversified business entity that generates sustainable value for its shareholders.
“The progress has been positive thus far and we expect these developments to come into fruition within the next few years.”
To bolster its revenue portfolio, Kanger has expanded its source of earnings into a new business – the construction segment.
One of the exercises undertaken is the acquisition of a 51% equity interest in Sung Master for RM94.8mil.
Kuah said this acquisition is a strategic plan for it to develop new income streams that are complementary to its construction business.
Sung Master is mainly involved in the sales and trading of building materials, which include timber flooring, tiles, bulk cement, concrete, locksets and sanitary ware. Its clients consist of property and construction players as well as engineering consultants.
“The group can source for building materials at relatively competitive prices by leveraging on Sung Master’s existing supplier network, which then leads to greater cost efficiencies for our construction segment when tendering for new projects.
“Financially, the acquisition of Sung Master is earnings-accretive and hence the consolidation of Sung Master’s financial performance will contribute positively to Kanger’s profitability and cashflow,” he noted.
Sung Master has consistently delivered profitable performance over the past three financial years from Jan 31, 2018 up to the audited 17-month financial period ended (FPE) June 30, 2020 and latest unaudited 10-month FPE April 2021.
Moreover, Sung Master paid out dividends totalling RM25mil during this period.
For the full year, Kuah expects Sung Master to deliver an estimated profit after tax and revenue of RM20mil and RM115mil, respectively.
Currently, he said Kanger is working on construction projects with an orderbook of about RM1bil, which would contribute to the group’s earnings over the near term.
On the aspirations for its new construction arm, Kuah said: “Our goal is to transform the segment into a significant business pillar of the group.
“By doing so, we intend to expand our construction business by undertaking more building construction, civil engineering and project management contracts.
“We are also aiming to obtain Grade 7 contractor license from the Construction Industry Development Board that will enable us to undertake projects of any value.”
Kanger is still in progressing state in its current businesses, which are a bamboo flooring and related products, and Kanger also in its plan to venture in other business activities such as been involved in the construction services, in a process to acquire property for investment and in a final process to acquire a company which involved in a construction material trading.
All sort of the new investments in the new businesses has expanded via internally generated funds or by the issuance of new shares in Kanger. Its not involved any major debt financing facilities. Therefore the company can minimize the risks of higher debt burden by the company in the future. The financing facility via issuance of new shares also could minimize the cost of financing for the company.
If the new businesses are truly have good potential to improve the revenue and profitability of the company, I think the big NOSH issues should be no issues at all. He He
Kanger's NOSH been uplifted in line for acquiring new projects or diversification. It was done for the development of the company businesses. The company is in their path to be more diversified and profitable.
---------------------------- On behalf of the Board, UOB Kay Hian wishes to announce that Bursa Securities had, vide its letter dated 30 June 2021, resolved to approve the listing and quotation of the following:-
i 713,157,273 new Kanger Shares to be issued pursuant to the Proposed Acquisition; and
ii. 769,513,179 new Kanger Shares to be issued pursuant to the Proposed Subscription
---------------------- and: Look at the good prospects from the proposed acquisition, for example:
Kanger is still in progressing state in its current businesses, which are a bamboo flooring and related products, and Kanger also in its plan to venture in other business activities such as been involved in the construction services, in a process to acquire property for investment and in a final process to acquire a company which involved in a construction material trading.
All sort of the new investments in the new businesses has expanded via internally generated funds or by the issuance of new shares in Kanger. Its not involved any major debt financing facilities. Therefore the company can minimize the risks of higher debt burden by the company in the future. The financing facility via issuance of new shares also could minimize the cost of financing for the company.
If the new businesses are truly have good potential to improve the revenue and profitability of the company, I think the big NOSH issues should be no issues at all. He He
Agree with MZM. Some of the critics are just like for fun to get high or to get attention after paper loss substantially. Worse some wordings are like Indonesia language. Just can’t make out what he write. Some copy and paste. Newbies will study and accept any facts both negative and positive. Some keyboard warrior don’t even know how to criticize to pull down the price. It’s a mess
I am totally not interest with KANGER and I past by here by the recent news and the new business for kanger and here again I see wistlebower99
I found that @wistlebower99 blog is a little bit mislead to the reader, the statement that shown is more like a NUMBER game and lack of GROUND study for some stock.
Can't say fully wrong but lack of financial knowledge will mislead those people that knowing nothing about stock market.
Not sure I am saying this right, @wistlebower99 comment and blog is more like direct boom to the counter instead of providing facts for somehow.
I would said there are pretty cool blog for lambo and fintec but I slightly disappointed whenever wistlebower99 started comment on counter , more and more wrong statement and wrong were provided.
If the exact market would mention that how wistlebower99 run. I guess he is a mega millionaire and he will not spending so much time for spamming.
Wait til one day when you wake up to find out that your shareholdings will be reduced by 10x, 25x, 50x just by a simple & easy decision of loss making penny stocks directors then you will understand my intention to warn newbies especially, best to avoid such stocks with BILLION shares.
You might not realise that everyday, there are newbies coming into the market to try their luck to make some extra money and end up losing their hard-earned money punting on cheap priced, loss making , high NOSH penny stocks.
@wistlebower99. Infact, I suspect you have an ulterior motive. Your analysis on certain companies looked bias, untrue and misleading. It's not fair to the company and its current share holders.
I'm afraid if you're one of the spammers who could gain much by spamming certain counter and speculating on the counter for your own sake.
I ask you a question. Are you holding any Kanger shares?????
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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....
rr1688
3,170 posts
Posted by rr1688 > 2021-08-12 02:06 | Report Abuse
one company t already tokenizing usd300 million dollars of commercial real estate...anyone who put usd5000 into t last year could have cashed out with as much as usd38,540 over 600% profit gain...awesome...real estate...