go EVERY SINGLE counter and talk bullcrappp say bad thing cant make u rich too, but can become your stable income, rm2 / hour suitable for lifeless poor bassstard like these dudes :D
As I said tunggu lagi, Wait for another chance to play.... Antara is doing good but need to wait for genting fully flow back, What I means is including foreigner. That time will be another play for kanger.
3QR 2022 Loss @31.3 million and as I said, the NTA after consolidation should be higher. If not caused by another QR losses, the NTA shoulde be around 57 sen, but the 3QR 2022 NTA reported @ 50 sen.
Well, you said before. If this QR comes out as bad as the last one, you will call it a scam. ------- I am very frustrated at their latest QR. Never expect the impairement losses on several items kept incurred in this QR.... Most of the expenses still related to its disposed bamboo businesses and the disposal of its subsidiary in PRC.
Still holding some after CL before. Expect to keep it.... But, in case to to reenter --- I will be more cautious. Will reenter if it suits personal entry price. He He He
@MZM. Refer back kuah mentioned is confident of turning black this quarter. Another huge impairment losses and like never ending one. Mind give us some idea on this non stop impairment losses. Last time accountant resign. Now secretary resign after result. Any audit /accounting issue? No wonder miss chai become miniority shareholder
@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. Also, why a big amount of loss due to impairment loss on trade and other receivables amounting to RM31.1 million......
Ikan bilis investors had been played out all along and suffering huge losses. At the rate it is going don’t be surprised to be delisted like a lot of head quartered in China company before. Good luck everybody
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?
@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."?
@Peace99 .......But Kanger is now focused on its businesses in Malaysia and we can hope it will turn around? ------ Based on latest QR, no revenue recorded from business in PRC and no more notes about bamboo business in the company "Main strategies to grow the Group’s businesses". Therefore, I think we can conclude that Kanger already disposed all the bamboo related in the PRC.
I think the prospect for turnround to be realised in the near future will be influenced by: 1. Whether all the of expenses related to the disposal of bamboo business has been accounted for in a number of quarterly reports include the last QR. If yes, the in coming quarterly reports maybe will not be burdened by high other operating expenses which makes the P&L records a huge losses.
2. The revenue from contruction business grows tremendously. Its order book contract reported almost one RM1 billion. The challenge for the company is whether it can makes profit from the increasing revenue from construction segment ???
3. Be noted that the properties segment (example Genting Appartments) revenue will not be reported in the company QR until the development of the bought properties completed.
@Peace99. ..... Is it related to "Overall......gain on disposal of subsidiary companies amounting to RM54.6 million in Q3 2022."? --------- Thanks. Noted. It's supposed to be true.
Plain, simple announcements on every huge quarterly losses on impairment and trade and business . Just wonder is the assets and business in China so huge that has non stop same huge losses every quarterly.A responsible ED shd have come out to explain the situation but keep quiet. ????
all so noob.. these days.. always know resign then cakap macam very pro when interview for next job. the fact is : cakap pro. also need to work pro. if no result... soon bye bye.
Is kanger a good stock ? hahaah, I think let's go giving out answer. hahahaa.. Anyhow everyone having different position, as long can make money, all is good stock.
kanger very bad ? nah, I think still ok, SD very bad stock, I still make money. But as long got small fundamental can see and not playing with retails and shark, I think still ok. Like those almost drop to 0.01, i think whoever go buy or all in. The balls if f big.
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....
aiman777
36 posts
Posted by aiman777 > 2022-05-28 19:47 | Report Abuse
0.002 kaming.. hahaha