mililiaPlease read the financial statement properly rather than the headline figure. 1Q15 was distorted with RM22mil one off gain from the sale of Australian asset. This quarter marks the fourth quarter of increasing profit. If KYY buying strategy is right... KNM is the kind of stock to buy.
JoshuaMS7Currently really is a good time to buy O&G stocks to keep...
JoshuaMS7At least the worst period 26 usd is over, waiting ahead 60 & 70 coming. Report should be better ...
mjy88KNM will not be an immediate play but at least 2 years to see stable earnings and Pengerang RAPID will be a driver to KNM's future earnings. Many fear that oil price will stunt the development in Pengerang but Petronas is firm on RAPID as a strategic project to ensure long term profitability of Petronas.
snwong13. oil price is too volatile!! now u see high later you see low this make us don;t know when to sell/buy ending up panic sell/buy ppl sell u sell, ppl buy you buy! almost all oil companies making losses/little gain from recent results (2016 compared 2015 - how can it be better with this low oil price?) we know well which (many) oil companies have better stands in long run. result in 2017 compared to 2016, can it be better??? think abt it we know well all the above yet we deny if u wish a short term/contra gain, avoid oil counters if u wish a long term gain (at least into 1st qtr of 2017), it may be good. collect downward can be a good practice while writing (Malaysian time, 10.23pm), oil is shooting!! good luck!!
In my humble opinion, oil price is beyond our control as there are too many factors/parties involved. What we can control is buy into a company that we understand. If you wanted to buy KNM, do buy it with a thorough understanding. Otherwise, it is not worth for you to sacrifice your peace on each trading days and panic sell/buy following the roller coaster ride of the crude oil price.
And please stop linking KNM to oil price. Seriously, this is getting very annoying already. KNM is a process engineering company and not an O&G company. All just to let you guys know, they focus on downstream and RE. Downstream players are flourishing and RE is the next energy play.
mjy88Yes mililia. I talked to a few friends in the oil and gas sector, one of them in Exxon Mobil, he said although the overall earnings drop significantly but the profit from downstream actually improves due to much lower cost when the price of crude oil falls. Hence, the way to go in future is to explore downstream in order to add value to the raw material instead of selling it at low price. Petronas CEO has also said this in his interview and RAPID is their shield to protect their business.
My friends in Johor said Pengerang has been totally transformed and will be a huge thing when completed, bigger than the Kerteh plant in Terengganu. It is a commitment from both Petronas and the govt to make RAPID a success as it is one of the key economic transformation project. KNM has expertise in engineering and they are able to cater for such need and very potential to take a slice of this multibillion project.