This uptrend scenario is a little bit different from what happened when Kanger counter was in downtrend mode two years earlier. Be cautious and keep monitoring if there is any sign of pump and dump activities.
Just to remind us about OKU_2020.... ------------ Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
1 week ago | Report Abuse
got to THROWWWWW cold water most likely MOM Kanger to REWIND to 3 sen , WB to COFFIN half sen --------------
Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
1 week ago | Report Abuse
Game to be OVER very SOON ..... Be prepared ...... ---------------- Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
1 week ago | Report Abuse
market in dangerous mode.... be prepared -------------- Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
1 week ago | Report Abuse
KABOOOOOOMM ?...... GAME OVER ? pergghhh ------------ Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
1 week ago | Report Abuse
GAME to be OVER very soon beware..!! ------------------ Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
1 week ago | Report Abuse
Losing Steam & Kaput-ing ------------------
Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
6 days ago | Report Abuse
TSUNAMI today...? be prepared..... ---------------------------- Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
6 days ago | Report Abuse
losing steam & Kaput-ing ------------------
Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
5 days ago | Report Abuse
smell A RAT on this con Kanger Be alert as the GAME is losing steam & Kaput-ing Looks GLOOOMY - NO WAY out -------------------- Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
5 days ago | Report Abuse
Bobby/ Mouse traps were set for innocent newbies especially Beware..!! --------------------------- Stock: [KANGER]: KANGER INTERNATIONAL BERHAD
Konnichiwa, looking at the progress, most likely they start making profit. Insider already knew and buy a lot. When report come out, the price will plummet and they sold for profit.
@MZM2511 I was saying "Could the running out of highlands to build cool homes be the fundamental reason? especially in view of global warming :)" in a light-hearted way, but for the well-to-do good living is a major consideration. Not so easy to find nice and cool place to live. And as you pointed out, its NTA is 44 sen!
1. Kanger has done a lot of restructuring including selling companies in the People's Republic of China which involved in bamboo manufacturing and trading. Several quarters the company recorded a lot of losses . Its should be among the factors that caused the share price to be in a downtrend until it fell to the floor level of 3-4 sen . The subsidiary disposal process in China has been completed , and I expect that in the next quarter there will be no more loss pressure from subsidiary disposal losses and impairment costs incurred as before .
2. The consolidation made by the company gave strength to the company's account / financial position . Especially to overcome the problem of losses during the structuring / disposal of subsidiaries. Even now , after restructuring , NTA can still be at a level of 40 sen plus.
It can be a buffer even if the company has to suffer operating losses in the next few quarters .
3. Prospects from the purchase of Antara @ Genting condo assets that may generate profits in the future.
4. The profit prospects from trading construction material through Sung Master's, the company subsidiary.
5. The cost of holding Kanger's share by insiders is high , for example those who subcribed RI at a price of 6 sen actually bear the actual cost of 60 sen per share ( after consolidation ).
With that scenario , if they want to exit even from Kanger counter , the logic is that the stock price needs to be increased first to reduce the loss of their probable stock disposal.
Therefore my TARGET ,,,, the share price can reach a price of more than 60 sen ( The time frame factor is difficult to be noted).
6. Rumors that suggest there may be a party that might take over Kanger , to me are logical and possible. The take over also can be done by certain new investors subscribing private placement shares.
But, this uptrend scenario is a little bit different from what happened when Kanger counter was in downtrend mode two years earlier. Be cautious and keep monitoring if there is any sign of pump and dump activities.
The uptrend, up to today's market showed it was planned to be a gradual basis, not a sharp increase in the share price.
MZM2511 yes... Smart RI people already average down... Maybe bought double at 4 sen... So TP could be 30 sen this year... But if handsome & rich sharks willing to pump for 1 year, TP could be more...
..... But if handsome & rich sharks willing to pump,,,, ------ Agree.. But the insiders also may have a motive to pump the price. Insiders, as a first hand in the company always should earlier know the prospects of his/her company.
As I mentioned earlier, I didn't notice any news after the price started to rise until now, concerning the probable news which could trigger the price upward.....
MZM2511 better no news... News keluar,habis semua sell on news... We know now ada sharks kt dlm Kanger... We should be grateful... Can make money together with jerung kaya yg baik hati... ❤️ (Saja puji sharks,mn tau kalau2 dia stalk i3investors...)
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....
blackmamba87
81 posts
Posted by blackmamba87 > 2023-10-25 08:14 | Report Abuse
@MZM2511 today going to fly high again with this news? Mana you dapat la this news?