Posted by OKU_2020 > 2024-03-05 14:34 | Report Abuse

further SWEATING
Not looking Good
Collapsed to 5.5 sen
Even worst WB - very out of money with conversion price 50 sen sinking to 1 sen - Q BUY now Drowning 1 sen nearing COFFIN

Posted by dsxd69 > 2024-03-05 16:51 | Report Abuse

bila operator mau goreng back?

Posted by OKU_2020 > 2024-03-05 17:12 | Report Abuse

NOT GOLENG...but to press further down ( OR LET IT BE ) to 3 - 4 sen
while WB to be coffin half sen ( 0.005 )
after all the impact of painful PP dilution too
NO MERCY
Bhaii ( My frens ) >> Pray hard to Al Mighty for our safety

Posted by OKU_2020 > 2024-03-06 10:14 | Report Abuse

hmmm....the Kaput-ing / Sweating price trend speaks volume

Posted by Lee Ying Yee > 2024-03-06 13:18 | Report Abuse

pp will kill u ??

Posted by MZM2511 > 2024-03-06 13:21 | Report Abuse

For illustrative purpose only, the illustrative issue price of the Placement Shares is
assumed at RM0.055 per Placement Share, which represents a discount of 9.98% to
the 5-day VWAP of Kanger Shares up to and including the LPD of RM0.0611 per
Share.

Posted by MZM2511 > 2024-03-06 13:27 | Report Abuse

Lee Ying Yee

pp will kill u ??
------
Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

Posted by OKU_2020 > 2024-03-06 16:26 | Report Abuse

FIRE SALE coming soon
Beware.....

Posted by OKU_2020 > 2024-03-06 20:40 | Report Abuse

NOT looking Good at all
Better fasten our seat belts

Posted by OKU_2020 > 2024-03-06 22:33 | Report Abuse

Better fasten our seat belts
NOT looking Good at all
Mom Kanger now Kaput-ing Q BUY 5.5 sen
Nearly COFFIN WB Q BUY 1 sen
>> very out of money@rubbish with conversion price 50 sen

Posted by MZM2511 > 2024-03-06 22:43 | Report Abuse

3. The Group recorded a positive net operating cash flow of RM31.3 million during the financial period under review.
------------
This cash flow thing also a good sign of a recovery story on Kanger..... Hope the company will be better managed...

Posted by MZM2511 > 2024-03-06 22:45 | Report Abuse

Revenue increase by RM13.3 million in current financial quarter ended 31 December 2023 (“Q1 2024”) as compared to the corresponding quarter ended 31 December 2022 (“Q3 2023”) which was mainly due to significantly increase in the sales generate from trading of building materials. This segment has also contributed a higher profit margin and gives rise to gross profit recorded in Q1 2024 as compare to gross loss in Q3 2023.

Posted by whistlebower99 > 2024-03-07 12:53 |

Post removed.Why?

Posted by OKU_2020 > 2024-03-07 21:27 | Report Abuse

Better fasten our seat belts
hmmm....the Kaput-ing / Sweating price trend speaks volume

Posted by whistlebower99 > 2024-03-08 11:02 | Report Abuse

Same modus operandi.
Raise fund by shares issuance
Increase NOSH to multi billion shares
Do shares consolidation
Raise fund via shares issuance to rights issue
Repeat above steps.

Posted by kenneth_lbw > 2024-03-08 22:48 | Report Abuse

wait 0.035 again

Posted by MZM2511 > 2024-03-08 23:27 | Report Abuse

Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.

Posted by whistlebower99 > 2024-03-11 12:16 | Report Abuse

Directors continue to receive high monthly salaries to raise fund via shares issuance and losing money in business ventures.
MZM, do you agree?

Posted by MZM2511 > 2024-03-11 22:01 | Report Abuse

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvesting in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

Posted by MZM2511 > 2024-03-11 22:22 | Report Abuse

I have a plan to add some if the price is below 5.5 sen but I think the price won't revisited 3 - 3.5 sen again in the near future, especially before the completion of the proposed PP. TAYOR..

Posted by RedOreo > 2024-03-12 17:32 | Report Abuse

Wah price stabilize ! Time to hoot 9e ? Hahahhaa

Posted by OKU_2020 > 2024-03-13 06:46 | Report Abuse

Beware of the PP DILUTION
the Kaput-ing price trend speaks volume
mom Kanger side ways hitting 5.5 sen
son WB - the very out of money ( conversion price = 50 sen )
WB is in critical condition @ 1 sen

Posted by OKU_2020 > 2024-03-13 20:04 | Report Abuse

getting worst....!
MZM & Co ?
In HOT SOUP now
heard already trapped in self installed BOOBY TRAP .
NO EXIT - expecting him & Co TO " DIE STANDING "
Pity - pergghhhh

Posted by OKU_2020 > 2024-03-14 00:14 | Report Abuse

Better fasten our seat belts
hmmm....the Kaput-ing / Sweating price trend speaks volume
Killing us softly

Posted by OKU_2020 > 2024-03-14 10:24 | Report Abuse

BEHEADING is NEXT ?
those trapped be prepared ...!
Mom Kanger Kaput-ing @ 5.5 sen
Beware Nearly Coffin WB -
WB very out of money ( conversion price 50 sen )

Posted by OKU_2020 > 2024-03-14 18:16 | Report Abuse

BLOOOODY
BEHEADING is NEXT ?
those trapped be prepared ...!
Mom Kanger Kaput-ing @ 5.5 sen
Beware Nearly Coffin WB @ 1 sen -
WB very out of money ( conversion price 50 sen )
Kangar Killing some of us softly

Posted by Konnichiwa > 2024-03-14 18:55 | Report Abuse

I thought AGM on 26 March, no?

Posted by MZM2511 > 2024-03-14 19:51 | Report Abuse

@Konnichiwa. Sorry. Yes the AGM and EGM will be held on 26 March.

Posted by OKU_2020 > 2024-03-14 22:57 | Report Abuse

#GettingWORST

Posted by Peace99 > 2024-03-16 00:47 | Report Abuse

@MZM2511 and kawan, Referring to the PP announcement
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3428455
One reason for the PP is the IJOK development.
I have several questions:
1. Were the purchase of the land in IJOK announced in Bursa? I could not find the announcements.
(Lot 1765, Tempat Batu 28 Ijok, Mukim Ijuk, Kuala Selangor,1.2368 hectares (about 3 acres) RM 4.8mil
and Lot 1766, 1.2419 hectares (about 3 acres) RM 3.7 mil)
Anyone has a knowledge of land prices in IJOK?
(Personally I find these land prices very high, considering they are 99 year ending 2077, about 50 years left only)

2. The GDV of the IJOK Development is RM 46mil. Construction cost RM36mil.
Does this construction cost of 36 mil include the cost of land?
(Hopefully yes. If not, then land cost =4.8+3.7=8.5 mil. Then total cost =36+8.5=44.5mil, i.e very low profit margin)

Would appreciate any comment. Surely hope Kanger prosper.....just want to clarify.

Posted by MZM2511 > 2024-03-16 06:41 | Report Abuse

@Peace99.

Answer for question no. 1:
They announced the land acquisition of the lands.

Refer: OTHERS Kanger International Berhad ("Kanger" or "Company") and its subsidiary companies ("Group") - Proposed Acquisition of Properties by the Company
via https://www.malaysiastock.biz/Company-Announcement.aspx?id=1253264

Answer for question no. 2:

As specified in the company announcement, the contruction cost will be RM36 mil.
I think it's not include the acquisition cost of the lands.

If we refer to the meaning of construction cost, it stated that: "Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials."

Furthermore if we read the company report, it stated that:
---- the total estimated all-in construction cost for the Ijok Development is envisaged to amount to approximately RM36.00 million. The building and infrastructure works mainly comprise of 14 units of 2-storey semi-detached shop, a 2-storey office, an electrical substation (double chamber) and sewage treatment plant, with an estimated built up area of approximately 95,000 square feet. The cost amounting to approximately RM36.00 million is inclusive of incidental expenses to be incurred with the building and infrastructure works such as professional consultancy fees for project planning, submission fees to authorities, as well as contingency costs to cater for fluctuations in construction material costs, overtime costs, and/ or costs due to variation in building plan design and architectural layout, civil, structural and mechanical and electrical works.

Posted by MZM2511 > 2024-03-16 07:09 | Report Abuse

Land = GDV – ((Construction + Fees) + Profit)
8.5 mil = 46 mil - ( (36 mil) + 1.5 mil)
Yes, by theory the profit margin is too slim.

But, the GDV calculated based on current property sales price and recent transaction in the area. The construction is envisaged to commence during the first quarter of 2025 after obtaining the approved development order for the commercial components of the Lands. The project also will take times to a completion.

Hope that at the time of project completion, the said properties valuation could increase and the company can sell it with a better price and with a better margin. TAYOR

Posted by Peace99 > 2024-03-16 09:52 | Report Abuse

@MZM2511 Thanks for the clarification. I found the announcement for land purchase in 2020, but not 2022.
I thought Bursamalaysia.com is the official channel and so all announcements should appear there?

Hmm, about the margin, still seem quite slim....the land cost 8.5 million few years back, so if we include interest, come to 9-10mil.
Hopefully someone who attend the EGM can get the management to clarify about this IJOK Developments.
(I do think their Genting Highlands Condo investments make good sense!)

Posted by OKU_2020 > 2024-03-19 07:07 | Report Abuse

" Beheadingg @ Kepala Potong " anytime
NO Mercy
Mom Kanger Kaput-ing @ 5.5 sen
Beware.... Nearly Coffin WB already collapsed @ 1 sen -
WB is very out of money ( conversion price 50 sen )

Posted by fl888 > 2024-03-20 16:12 | Report Abuse

Window dressing for Agm/Egm on 26-03-24…better go up..

Posted by gqhong > 2024-03-20 21:18 | Report Abuse

Land 1 = 1.2368 hectares cost rm 4.8m
Land 2 = 1.2419 hectares cost rm 3.7m
Total 2.4787 hectares or 266,805 sqft cost rm 8.5 m

Ijok development built up area 95,000 sqft

95,000 sqft / 266,805 sqft = utilized 35.6%

Posted by fl888 > 2024-03-21 07:18 | Report Abuse

Last PP exercise was in 2020 at around 0.16cts…to acquire Ijok …now PP at 5.5cts to develop Ijok to develop 95,000 sq ft…got around 165,000 sq ft to develop…near Genting …need revaluation exercise to determine the actual value of Kangar in view of the current and potential development of economy…look like Kangar can surpassed 10cts this year of the Dragon..

Posted by OKU_2020 > 2024-03-21 10:02 | Report Abuse

Bhaii ( Bro )....
hmmm...merely a DEAD CAT BOUNCE
so NOTHING TO SHOUT
Pity to those trapped yesterday
TO DIE STANDING liao

Posted by MZM2511 > 2024-03-21 10:14 | Report Abuse

fl888
…now PP at 5.5cts to develop Ijok
------

5.5 cents is just their ilustrative price... stated in their proposal.
As I said, actually it depend on management / insiders to set the PP issue price.... At below 5.5 sen, at 5.5 sen or higher than 5.5 sen. We will see it later.... TAYOR

Posted by OKU_2020 > 2024-03-21 11:20 | Report Abuse

look like a BOOBY TRAP was set / planted yesterday
sweating liao......SHIVERINGGG ?
Pity- A short lived euphoria🤣

Posted by crackyoo > 2024-03-21 16:25 | Report Abuse

stay away from penny stock!

Posted by OKU_2020 > 2024-03-22 14:52 | Report Abuse

Look dangerouss & critical again
Beware especially you innocent newbies

Posted by OKU_2020 > 2024-03-22 14:55 | Report Abuse

Told u edi about this BOOBY TRAP -
but fell on many DEAF EARS
Pity

Posted by MZM2511 > 2024-03-22 14:56 | Report Abuse

The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.

The reality - My reinvestment in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..

Macam mana pun.... At the end... TAYOR

Posted by Noobie123 > 2024-03-23 15:37 | Report Abuse

Hope kills.

Posted by MZM2511 > 2024-03-23 16:39 | Report Abuse

@Noobie123..
Without hope, we are dying... He He He

Posted by MZM2511 > 2024-03-23 16:45 | Report Abuse

The price is stabilising @5.5 sen - 6.5 sen.

Wait for them to goreng... Maybe the probable causes are:

1. QR announcement at the end of this month (As expected, the latest QR show us a better result), or

2. Company intention to set the price of shares for their proposed PP (for this cause, the time is nearer as the BURSA already resolved to approve the listing of and quotation for up to 180,306,505 new Kanger Shares to be issued pursuant to the Proposed Private Placement, subject to some conditions to be followed by Kanger, and the illustrative issue price of the Placement Shares is assumed at RM0.055 per Placement Share), or

3. Any other positive development..

Posted by BE_GREEEEEDY > 2024-03-25 07:38 | Report Abuse

roit!rotikong@
MZM always negative
,++++++++
Warren Buffett >>
BE. GREEEEEEEDY 💪when others are SHIVERINGG

Posted by paktua73 > 2024-03-25 09:45 |

Post removed.Why?

Posted by Peace99 > 2024-03-26 21:15 | Report Abuse

Anyone know how much one unit of Antara Genting is selling now?