If buy WB @0.005 ,after consolidate it became 0.05 . Mother need to be 0.50 for WB to stay above 0.05 . If mother below 0.50 , WB can go lower.. But then WB will only expire 5 years later , if already collect , just keep la... Now WB can go 0.005 because , it is obtained free from RI.
@citadel888. .... Note* : Just refering to those who still believing on Kanger's future prospects and still don't have intention to cut loss. The pull down of share price related to conso news and operators plan and pressure. ---------- Just to comfort myself and give some ideas to others with same situation as mine.. He He
@citadell888. 63% loss. Too much already. I hope there still a hope.
My past experience in Mtouche conso, I cut loss before conso, but if I stay for conso and sell after conso, I should gain some profit. MAYBE THE SCENARIO WILL NOT BE THE SAME.
world richest salesman company initial years also like KANGER...he sells a to z...bcoz he never giv up ...today his company share price is usd3427 ...if u invested in early stage...u would have GAIN 198,013 % ...KANGER is in early stage...MULTI PRODUCTS IN PIPELINE...MULTI UPTREND is expected...
REAL ESTATE up despite pandemic...KANGER is in REAL ESTATE now...mcdonald's REAL ESTATE target price amid strong demand upgrade to usd306...KANGER target price usd30...to the STAR...I LOVE GUNUNG BINTANG...berkelip2...bersyukur...be HAPPY...think GOOD...say GOOD n do GOOD...WINNER NEVER QUIT...QUITER NEVER WIN...be BRAVE V R MALAYSIANS...
Revenue 64,815,000 Cost of sales (63,395,000) Gross profit 1,420,000@ Other operating income 352,000 Administrative expenses (50,423,000)@@
@ Operating profit margin too small. (Construction works revenue RM60,813,000 Construction works profit before tax RM311,000) @@ Very big admin expenses. -----------------
The contribution from Sung Master not yet recorded in this QR report as the Sung Master acquisition completed only on 30 September 2021.
Note: The 2QR 2022 ended on 30 Sept 2021.
Explanation:
1. On behalf of the Board, UOB Kay Hian wishes to announce that 769,513,179 new Kanger Shares and 713,157,273 new Kanger Shares issued pursuant to the Subscription and Acquisition respectively, were listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on Thursday, 30 September 2021, which marks the completion of the Proposals.
2. The contribution or revenue from Sung Master as a subsidiary which involved in building materials trader (if any) should not be classified as a revenue from construction.
3. The revenue from construction stated in the 2QR 2022, I think it is derived from its construction activities which started in June 2021.
The construction activities could be refered to a Genting Highland construction project contract with contract value RM478 million which involved Vengetta Champion Sdn. Bhd. and Kanger Ventures Sdn. Bhd. Earlier, the company announced that the Project is expected to commence in June 2021 and to be completed in 48 Months. The construction project contract under this collaboration agreement will start in June 2021.
Revenue increased significantly by RM60.0 million or 1,238% in the current financial quarter ended 30 September 2021 (“Q22022”) as compared to the corresponding quarter ended 30 September 2020 (“Q3 2021”) mainly due to the additional source of revenue from construction business segments amounting to RM60.8 million. The gross profit recorded in Q2 2022 increased by 46% as compared to gross profit recorded in Q3 2021 mainly due to the additional gross profit earn from construction business segments amounting to RM0.3 million.
Cumulative Quarter
Overall, the Group recorded loss before taxation of RM57.2 million in Q2 2022 due to insufficient revenue generated to defray the expenses. The Group has also incurred non-recurring expenses such as recognition of share-based payments amounting to RM5.8 million granted to the directors and employees of the Company, impairment loss on inventories amounting to RM13.3 million, impairment loss on trade and other receivables amounting to RM25.1 million and impairment loss on property, plant and equipment amounting to RM4.7 million in the current financial quarter and financial period-to-date.
The acquisition of SMH is a horizontal acquisition by the Group to acquire its peer with the intention to expand its existing business activities of manufacturing and trading business and widen its product offerings, which include, amongst others, timber flooring, tiles, bulk cement, concrete, which are expected to enhance the revenue and earnings of the Group moving forward.The proposed acquisition of SMH is expected to augur well and is complementary with the Group's existing business in the property related segment and the construction business segment.
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....
sunsetbiz
770 posts
Posted by sunsetbiz > 2021-12-07 11:52 | Report Abuse
oredi become 0.5c company soon...:)