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@MZM. From your knowledge is it that kanger had sold all their bamboo business in China for rm20 million. Also sold their properties of two buildings and land for over rm250 million . Means kanger moves the business back to Malaysia? Pls share
@MZM. From your accounting view how is it possible for kanger to make such a huge quarterly loss every quarter? Poor management? With the size of kanger and business it’s mind blowing and it doesn’t make sense at all. Any reasons?
1368 seumur hidup untung kaya...real estate company hapseng share price increase 1368 percent from rock bottom...2022 year of inflation stocks
. real estate is the best hedge against inflation...all major investors including world top ranking billionaires n trillionaires move in real estate... Kanger is in real estate now... real estate company McDonald target share price amid strong demand upgrade to usd306 ... Kanger target price usd30 ... to the Star..
Patience99. MZM. .... 1. From your knowledge is it that kanger had sold all their bamboo business in China for rm20 million. Answer: I think so. No more revenue from PRC.
..... 2. Also sold their properties of two buildings and land for over rm250 million. Answer: Not so sure about this. Can not confirm based on the QR reports. But I think more than 70% probability that the subsdidiaries sold should included the assets and liabilities of the companies.
3. Means kanger moves the business back to Malaysia? Pls share Answer: 100% agree. All the revenue recorded from businesses in Malaysia (construction works, sales of construction materials and a little bit sales of healthcare goods).
@MZM. From your accounting view how is it possible for kanger to make such a huge quarterly loss every quarter? Poor management?
Answer: All the big losses in the latest quarter reports related to problems caused by pandemic and the disposal activities of the PRC subsidiaries. Its involved big "other operating expenses".
Poor management??? Could be one of the factor.... Also can be other factors too....
@MZM Tks for your clarification. Most companies already on recovery mode after pandemic. Hope big operating expenses are with transparency, honesty and integrity. Quarter after quarter of such huge loss.will kanger run into cash flow problem with such losses?
@Patience99. Let's see the next in coming QR in August. Is it any change of tides related to its profitability...... Hope the clearance of messes related to the disposal of subsidiaries in PRC already completed in the last number of quarters. If TRUE, hope to see the better quarterly report with at least will record a lower loss in the P&L.
Revenue increased significantly by RM98.0 million or more than 100% in the current financial quarter ended 31 March 2022 (“Q42022”) as compared to the corresponding quarter ended 31 March 2021 (“Q5 2021”) mainly due to:-
(a) additional source of revenue from construction business segments amounting to RM90.8 million; (Note: As an evidence that the construction work is a new main source of revenue for Kanger).
(b) additional source of revenue from selling of building materials amounting to RM7.4 million; and (Note: this is a contribution from the Sung Master aquisition by Kanger).
(c) additional source of revenue from selling of medical and health care products of RM0.9 million. (Note: Revenue from the sales of heath care products such as face mask)
Also be noted that the revenue from the bamboo related goods in PRC = 0.
The gross profit recorded in Q4 2022 increased by more than 100% as compared to gross loss recorded in Q5 2021 mainly due to absent of higher discount given previously to the customers to clear some old stocks in Q5 2021.
... 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 RM1 billion. The challenge for the company is whether it can makes profit from the increasing revenue from construction segment ???
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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 > 2022-07-24 20:15 | Report Abuse
Real Estate company invest RM 9 billion in Genting Highlands due to strong demand n potential growth...Buy Kanger
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