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CKNYAM79 | Joined since 2016-05-06

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Stock

2016-08-24 21:13 | Report Abuse

Martinbarteques everyone share will up and down eventually, u will see Vivocom rebound to tp 0.500. Hold tight n u will see soon

Stock

2016-08-24 21:08 | Report Abuse

Why hiding? Cause every lies to another lies. Until no more ideas ??? Bunch of hired dogs

Stock

2016-08-24 21:07 | Report Abuse

Why don't u just use disagreetoagree? Hiding in other ID make u like a cowards !

Stock

2016-08-24 21:06 | Report Abuse

Burn yourself tomorrow!

Stock

2016-08-24 21:05 | Report Abuse

TrAderman u r the most retard dogs . See u In hell

Stock

2016-08-24 20:20 | Report Abuse

KUCHING: Despite the current volatile market condition, analysts believe that Vivocom International Holdings Bhd (Vivocom) provides a compelling risk/reward profile with a fundamental upside.
The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) said amidst the clamour of the volatile market, Vivocom presents a compelling risk/reward profile with fundamental upside supported by robust current orderbook of RM3.3 billion.
It also pointed out that the continuous expansion in its orderbook of RM3.3 billion coupled with improving balance sheet would potentially translate into positive earnings accretion for the financial year 2016 (FY16) and FY17.
“Currently, its orderbook has expanded from RM2.4 billion in the fourth quarter of 2015 (4Q15) to RM3.3 billion – an increase of 37.5 per cent.
“Going forward, we estimate that its orderbook will grow further from RM3.3 billion to RM3.9 billion by 4QFY16 (an increase of 18 per cent) on the back of 36 months backlog. We are forecasting Vivocom to win circa RM950 million of jobs for FY16 estimate,” it said.
As a result of orderbook expansion, the research team noted that the earnings are slated to grow 5.5-folds of its current levels in FY16F/FY17F.
“Additionally, Vivocom’s sustainable margins of circa 10 per cent will be achievable due to its less capital intensive construction contracts, viz project delivery partner and sub-contracting, through larger China-based contractors such as China Railways Construction Corporation (CRCC) and China Nuclear Industry Huaxing Construction Company Ltd (CNH).
“Its current cash level of RM23 million gives ample financial headroom to increase its mobilisation into sizeable projects that it has tendered such as in Kinta Valley and Tronoh, Perak,” it explained.
The research team also viewed Vivocom’s joint venture with CNH as beneficial for the company’s growth.
It noted, the joint-venture with CNH is another strong catalyst for Vivocom due to the speedier and reliable decision making process.
“CNH is listed in the Shanghai Stock Exchange and its decision making is through the appointed management. Hence CNH’s decision is arguably speedier than CRCC as it has less reliance on the state to make decisions for projects roll-out thus giving certainty to its decision making process.
“Our channel checks indicated that CNH has strong working relationship with China Exim Bank and Industrial and Commercial Bank of China (ICBC) as it has the track record of successfully completed the construction of Global Innovation Centre of Johnson

Stock

2016-08-24 20:18 | Report Abuse

Bye bye traderman

CIMB Research believes that the orderbook of Vivocom Intl Holdings Berhad (Vivocom) will balloon to RM4bn at year-end if the company succeeds in its target of RM1.8bn for second half 2016. Further, the research house believes that “its contract win of RM3.5bn will surpass our RM3bn estimate for 2016”.
In a “company flash note” today, CIMB Research said that Vivocom’s swelling orderbook “will lend strong support to our FY17F earnings visibility”.
This follows on from Vivocom’s largest contract win to date (which Business Today had reported on yesterday) – refer to our report VIVOCOM INTL HOLDINGS BERHAD – “A MID CAP CONSTRUCTION RISING STAR THAT CONTINUES TO SHINE BRIGHTLY! – that the company had had won a RM756m contract award from the Perak state government to build 4,000 units of affordable housing over four phases.
This contract is the largest win so far for Vivocom this year. The project consists of 15 blocks of 21-storey apartments on 66 acres of land in the Bandar Tasik Amanjaya township, located in Tronoh on the outskirts of Ipoh, Perak.
“The award brings Vivocom’s contract wins YTD to RM1.7bn and outstanding orderbook to c.RM2.2bn,” said CIMB Research.
“A RM4bn orderbook will place Vivocom alongside mid-cap construction companies such as Sunway and WCT that trade at 13-15x P/E vs. Vivocom’s 4x FY17 P/E,” said CIMB Research.
“We maintain Add with an unchanged SOP-based target price, with the construction business valued at 10.5x, based on a 30% discount to the average sector P/E of 15x,” concluded the report.
Other research houses, similarly, have made “BUY ON VIVOCOM” calls – with target prices ranging from 59 sen to RM75 sen per share, signaling strong upside potential and capital appreciation of more than double its current share price.
Given the numerous BUY calls, the general consensus is that at present levels, Vivocom shares represent great value for bargain hunters especially in view of the Bonus Issue (1 for 4) reward just announced.
CIMB has a target price of 78sen for Vivocom, against its current share price of 28 sen at closing today.

“Our shareholders base keeps growing as more and more retailers see value in Vivocom as a long term investment. As at 27th July our shareholders had increased to 16,358 investors from 12,250 in February,” Vivocom executive director Choo Seng Choon (pic) said.
This probably explains why Vivocom’s share price had climbed from 22.5 sen in late June to close at 29 sen last Monday (1 Aug 2016): Fresh funds had entered the stock during the five-week period and hence increased the Company’s shareholders base.
Based on its annualised 1st quarter results, it’s worthwhile noting that Vivocom is currently only trading at less than 10 times price-earnings multiple whilst its peers with similar market capitalisation are currently trading at price-earnings multiples ranging from 14 times to 17 times.
“We pride ourselves on our pursuit of excellence in our core businesses, and we intend to be wealth creators on a sustainable basis for all our loyal shareholders in the long run,” emphasised Choo.

Stock

2016-08-24 19:04 | Report Abuse

KLSE Screener
MRT Corp awards RM1.01b trackworks package to CCCC-George Kent JV
TheEdge Wed, Aug 24, 2016


KUALA LUMPUR (Aug 24): A joint venture between George Kent (M) Bhd and China Communications Construction Company Ltd (CCCC) has won the RM1.01 billion work package for trackworks, maintenance vehicles and work trains for the mass rapid transit (MRT) Line 2.

Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) announced this in a statement today, confirming a report in The Edge Financial Daily on Aug 16 that the CCCC-George Kent JV was the front runner for the project.

MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said this work package is one of the major ones for the construction of the Line 2, also known as the Sungai Buloh-Serdang-Putrajaya (SSP) Line.

CCCC holds a 51% stake in the JV while George Kent controls the remaining 49%.

"CCCC comes with very good technical know-how having handled many infrastructure projects, including railway construction.

"Its joint venture with Malaysian company George Kent, which now has a strong presence in the railway industry in Malaysia, allows the MRT Project to benefit from the experience of these two very strong companies," said Shahril.

On the tender process, Shahril said MRT Corp looks at the criteria for technical evaluation with compliance with specifications required such as proposed solutions, performance level, track record, works programme and compliance with key dates, project execution plan, maintenance plan, quality and site safety, health and environment (SHE) assurance.

He also said the tender evaluation process does not just look at the lowest quoted price but on the basis of best evaluated tender.

"However, for this work package, I am pleased to announce that the successful tenderer had quoted the lowest price," Shahril added.

For SSP Line, all systems work package contractors will have to ensure that 35% of the works to be done are awarded to Bumiputera companies, said Shahril.

Inclusive of this award, 22 work packages for the construction of line has been awarded, comprising eight advance work packages, four viaduct packages, one underground works package, six systems work packages, two designated supplier work packages and one depot work package.

The work package was awarded after a meeting by the One-Stop Procurement Committee (OSPC) chaired by Prime Minister Datuk Seri Najib Razak, said MRT Corp.

Stock

2016-08-24 18:57 | Report Abuse

Vivocom’s orderbook to grow further by 4QFY16
August 20, 2016, Saturday


KUCHING: Vivocom International Holdings Bhd’s (Vivocom) orderbook is expected to grow further by the fourth quarter of the financial year 2016 (4QFY16).

Researchers with MIDF Amanah Investment Bank Bhd (MIDF Research) in a report expected Vivocom’s orderbook to grow further from its current levels to RM3.9 billion by 4QFY16, or approximately 36 months backlog.

It noted that the group recently entered into a joint-venture agreement with Seni Perspek Sdn Bhd as a turnkey contractor to develop 377-acres of land known as Bandar Tasik Amanjaya in Kinta, Perak.

The recent slew of projects in Perak had also increased its orderbook from RM3.3 billion to RM3.7 billion, an increase of 12 per cent, the research team said.

“We forecasted Vivocome to win circa RM950 million of jobs for FY16 estimate (FYE16). Due to its orderbook replenishment abilities, Vivocom has clinched circa RM3.5 billion projects.

“Going forward, we foresee a good possibility of Vivocom securing sub-contracting jobs from projects such as Gemas-Johor Bahru double railway track from China Railway Group Ltd (CREC) and the construction of affordable housing in Merujaya, Perak.

“We estimated that the said projects would give a total additional injection of RM2 billion to its current orderbook,” it projected.

Meanwhile, MIDF Research pointed out that there is a likelihood of Vivocom participating in work packages (circa RM2 billion) related to the CREC regional centre in Bandar Malaysia.

“Hence we believe that its orderbook will continue to rise to meet our earnings expectation for the next three financial years,” it added.

On the construction project in Perak, MIDF Research noted that the projects currently amounts to circa 17 per cent of its orderbook estimates for Vivocom.

“Consequently, if the project in Merujaya is won, the percentage would rise to circa 29 per cent. This is reassuring as Vivocom tapers down the risk of relying too heavily on projects from China’s State-owned Enterprises (SOE).

“We view the project awards from Perak as a stepping stone for Vivocom to win more government related works considering that track record is a primary consideration in winning any bids from Public Works Department (PWD) and the Ministries,” the research team opined.

It also noted that the affordable housing market segment is an area where Vivocom could give a strong focus on especially in Perak where the state government is targeting affordable housing projects for every district.

“We estimate that more than 30,000 houses are needed to fulfill the demand gap. Vivocom’s entrance into the affordable housing space gives comfort to the prospects of its orderbook replenishment,” it said.

Overall, MIDF Research reaffirmed its ‘buy’ call on the stock.

It said, “We reiterate our FY16F/FY17F earnings projections. Nevertheless, we fine-tuned our discounted cash flow variables to factor in higher reinvestment rate of 41 per cent and cash of RM47 million.

“We reaffirm our perspective that Vivocom is currently positioned at the inflection point of stabilised margins of 10 per cent.

“We estimated that Vivocom would be able to maintain the momentum of clinching new projects supported by its healthy financial position.”

What do you think of this story?

Stock

2016-08-24 18:33 | Report Abuse

Run run run dog traderman , tomorrow burn u alive . Pls throw more your shares ...

Stock

2016-08-24 17:50 | Report Abuse

Always be patient and strong mind. If u feel u can't take it don't look and come back after 5 sept.

Stock

2016-08-24 17:44 | Report Abuse

Who don't have tickets this is the last chance to buy! Result will announce soonest before Friday or Friday itself

Stock

2016-08-24 17:43 | Report Abuse

I had given numerous reminder, I challenge you all hold till bonus issue n result announcement. Let don't the dogs burn today

Stock

2016-08-24 17:41 | Report Abuse

Why would Vivocom given bonus issue shares when company coming quarter not making money and produce good results. I think we are knew the answers in your mind. Think pls think n think yourself

Stock

2016-08-24 17:39 | Report Abuse

I think it would be retard to believe the dogs , a ace company with rm4 bil order books and more contracts to come, will settle at share price below 0.300. Think logic yourself

Stock

2016-08-24 17:37 | Report Abuse

Those who sold their share today so sorry. Cause me n banker friends all bought at your prices

Stock

2016-08-24 17:34 | Report Abuse

Sephy n traderman dogs create more stories ... Tq for burning yourself today

Stock

2016-08-24 17:33 | Report Abuse

VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")

We refer to the article appearing in the New Straits Times, B2 on Monday, 22 August 2016, in particular to the sentence reproduced below :-

“….is expected to clinch another construction project with a gross development value (GDV) of about RM600 million in Ipoh.”

In relation thereto, we wish to clarify that Vivocom is currently in advance stages of negotiations with the customer for a said project which involves the construction of six blocks of 22-storey condominiums with an indicative value of approximately RM600 million (“project”).

The final decision on the award of the project from the customer is still pending as at the date of this announcement.

The Board of Directors will make the necessary announcement once it receives the relevant notification from the customer on the award of the project.

This announcement is dated 23 August 2016.

Stock

2016-08-24 12:48 | Report Abuse

No need much to comments. You guys are expert now and know what to do. Remind my challenge to hold longer term and buy at low. Don't contra!!! Good luck

Stock

2016-08-24 08:48 | Report Abuse

There is no need u ask about this question. Whether perak housing booming or not is not Vivocom matter. Vivocom is turnkey contractor, job done get paid. U buy Vivocom not u get profit later

Stock

2016-08-23 13:38 | Report Abuse

More n more hired dogs ! Hahahaha

Stock

2016-08-23 11:19 | Report Abuse

See more n more dogs out. All same owners! The more dogs the more good. Tq for promote Vivocom .

Stock
Stock

2016-08-23 11:18 | Report Abuse

Kudos! Victor Valdez.

Stock

2016-08-23 08:52 | Report Abuse

I cannot disclosure much, as second quarter sure at least better than first quarter.

Stock

2016-08-23 08:41 | Report Abuse

The most important we never fall in operator mind games . If they want pressing down this two days, let it be , buy if drop low and you will understand later what I saying now later.

Stock

2016-08-23 08:35 | Report Abuse

There is no small or big. We are same as investor

Stock

2016-08-23 06:53 | Report Abuse

CKNYAM79 Dear Doitanyway,

I am glad you had been patient and follow the call to hold on positively. We are not trying to be universe savor or heroes. But we together as investors too. Everyone knew Vivocom is very potential after changing name from instacom to Vivocom. Anne Kung and Thomas ngu era has gone. Now the company managed by superb professional and strong connection and caliber bod etc CEO mr choo and DS Yeoh.

syndicate knew how potential Vivocom can be it in next 24 months. They knew Vivocom will make better earning every coming each quarter that why they has been pressing down the price and collecting 0.225 till 0.300. I wish to highlight if a company has a bright future do not fear to hold it longer. The reason of sell down because they fear syndicate sell down again. U have to understand if syndicate sell down n nobody follow and keep buying syndicate shares at lower price, they themselves will be at the losing side.

Consider about more good news is coming and the big contract rm1.8bil will be award soon end September 2016. Vivocom order book will swelling more than rm5 bil !!! At the end of year 2016, your share holding might generate more than 200% return.

By calculations, from the big investors has been collecting Vivocom shares since block sales on 22 June. Estimated 400 to 500mil share collected. Share holding by top 100already make up to 1.5 billions shares. The open markets share available for trading is left over 500mil share below. Any big volume trading above 100mil to 200mil a day, u will see Vivocom share surging up 0.050 to 0.100 easily. Believe it or not, if everyone of u hold longer and u will see target price 0.500 very soon.

Try don't sell your share I challenge you and wait till bonus entitlement ! You will understand later why I saying today!
Tq and good luck




doitanyway SingInvestor, mighty glad to hear you have now paper gain after 33 days. It must have been the longest 33 days for you as far as Vivocom stock is concerned. Good that we have some sifus telling us to be patient and hold on to our stock despite being daily bombarded by some lousy people.
As for me I had to be "force long term" supported and investor of Vivocom formerly Instacom after experiencing the fall in my peak price of 30 + cts to its price below 10 as one of its directors had been disposing its shares and now no longer there . Thank goodness. ! ha ha.

Because of that experience, I now will watch to see if any directors are selling. If the directors start to sell, then I better follow ! This is a lesson I learn.
Another lesson learned recently, is "Everyday is a Friday" from our "good" friend @dis. Better not follow this fellow. Can "die one !"
23/08/2016 06:52

Stock

2016-08-23 06:52 | Report Abuse

Dear Doitanyway,

I am glad you had been patient and follow the call to hold on positively. We are trying to be universe savor or heroes. But we together as investors too. Everyone knew Vivocom is very potential after changing name from instacom to Vivocom. Anne Kung and Thomas ngu era has gone. Now the company managed by superb professional and strong connection and caliber bod etc CEO mr choo and DS Yeoh.

syndicate knew how potential Vivocom can be it in next 24 months. They knew Vivocom will make better earning every coming each quarter that why they has been pressing down the price and collecting 0.225 till 0.300. I wish to highlight if a company has a bright future do not fear to hold it longer. The reason of sell down because they fear syndicate sell down again. U have to understand if syndicate sell down n nobody follow and keep buying syndicate shares at lower price, they themselves will be at the losing side.

Consider about more good news is coming and the big contract rm1.8bil will be award soon end September 2016. Vivocom order book will swelling more than rm5 bil !!! At the end of year 2016, your share holding might generate more than 200% return.

By calculations, from the big investors has been collecting Vivocom shares since block sales on 22 June. Estimated 400 to 500mil share collected. Share holding by top 100already make up to 1.5 billions shares. The open markets share available for trading is left over 500mil share below. Any big volume trading above 100mil to 200mil a day, u will see Vivocom share surging up 0.050 to 0.100 easily. Believe it or not, if everyone of u hold longer and u will see target price 0.500 very soon.

Try don't sell your share I challenge you and wait till bonus entitlement ! You will understand later why I saying today!
Tq and good luck




doitanyway SingInvestor, mighty glad to hear you have now paper gain after 33 days. It must have been the longest 33 days for you as far as Vivocom stock is concerned. Good that we have some sifus telling us to be patient and hold on to our stock despite being daily bombarded by some lousy people.
As for me I had to be "force long term" supported and investor of Vivocom formerly Instacom after experiencing the fall in my peak price of 30 + cts to its price below 10 as one of its directors had been disposing its shares and now no longer there . Thank goodness. ! ha ha.

Because of that experience, I now will watch to see if any directors are selling. If the directors start to sell, then I better follow ! This is a lesson I learn.
Another lesson learned recently, is "Everyday is a Friday" from our "good" friend @dis. Better not follow this fellow. Can "die one !"

Stock

2016-08-22 17:56 | Report Abuse

Two conclusion today. Bonus issue approved. Again dog disagreetoagree has mislead everyone after CEO DS Yeoh resign rumor. His disappear become he is definitely a con master. Secondly traderman his new ID. So same dogs will keep barking soon.

Stock

2016-08-22 02:27 | Report Abuse

Well said vivocomfans!

Stock

2016-08-21 15:30 | Report Abuse

We always accept bad or good about Vivocom . But not bad spreads rumors about Vivocom

Stock

2016-08-21 15:24 | Report Abuse

Traderman, if u not sided disagreetoagree, I apologize for my remarks.

Stock

2016-08-20 22:02 | Report Abuse

When is the share already at the bottom neck, what worst can be down further. Look NTA 1.40. Now the share price is far below its value. Be patient if coming quarter result is good and this counter will bullish back to tp 1.40. Good luck

Stock

2016-08-20 22:00 | Report Abuse

Skpetrol will retesting 1.70 next week. Oil price raise to the 3 months high at usd50.80 per barrel. It's also strongly support dowjone index well. Be patient .

Stock

2016-08-20 14:36 | Report Abuse

ugust 20, 2016,
Borneo post

KUCHING: Vivocom International Holdings Bhd’s (Vivocom) orderbook is expected to grow further by the fourth quarter of the financial year 2016 (4QFY16).
Researchers with MIDF Amanah Investment Bank Bhd (MIDF Research) in a report expected Vivocom’s orderbook to grow further from its current levels to RM3.9 billion by 4QFY16, or approximately 36 months backlog.
It noted that the group recently entered into a joint-venture agreement with Seni Perspek Sdn Bhd as a turnkey contractor to develop 377-acres of land known as Bandar Tasik Amanjaya in Kinta, Perak.
The recent slew of projects in Perak had also increased its orderbook from RM3.3 billion to RM3.7 billion, an increase of 12 per cent, the research team said.
“We forecasted Vivocome to win circa RM950 million of jobs for FY16 estimate (FYE16). Due to its orderbook replenishment abilities, Vivocom has clinched circa RM3.5 billion projects.
“Going forward, we foresee a good possibility of Vivocom securing sub-contracting jobs from projects such as Gemas-Johor Bahru double railway track from China Railway Group Ltd (CREC) and the construction of affordable housing in Merujaya, Perak.
“We estimated that the said projects would give a total additional injection of RM2 billion to its current orderbook,” it projected.
Meanwhile, MIDF Research pointed out that there is a likelihood of Vivocom participating in work packages (circa RM2 billion) related to the CREC regional centre in Bandar Malaysia.
“Hence we believe that its orderbook will continue to rise to meet our earnings expectation for the next three financial years,” it added.
On the construction project in Perak, MIDF Research noted that the projects currently amounts to circa 17 per cent of its orderbook estimates for Vivocom.
“Consequently, if the project in Merujaya is won, the percentage would rise to circa 29 per cent. This is reassuring as Vivocom tapers down the risk of relying too heavily on projects from China’s State-owned Enterprises (SOE).
“We view the project awards from Perak as a stepping stone for Vivocom to win more government related works considering that track record is a primary consideration in winning any bids from Public Works Department (PWD) and the Ministries,” the research team opined.
It also noted that the affordable housing market segment is an area where Vivocom could give a strong focus on especially in Perak where the state government is targeting affordable housing projects for every district.
“We estimate that more than 30,000 houses are needed to fulfill the demand gap. Vivocom’s entrance into the affordable housing space gives comfort to the prospects of its orderbook replenishment,” it said.
Overall, MIDF Research reaffirmed its ‘buy’ call on the stock.
It said, “We reiterate our FY16F/FY17F earnings projections. Nevertheless, we fine-tuned our discounted cash flow variables to factor in higher reinvestment rate of 41 per cent and cash of RM47 million.
“We reaffirm our perspective that Vivocom is currently positioned at the inflection point of stabilised margins of 10 per cent.
“We estimated that Vivocom would be able to maintain the momentum of clinching new projects supported by its healthy financial position.”

Stock

2016-08-19 17:49 | Report Abuse

Good news ! Guys stay tune and always be positive ... Those who struck up there, we are coming to you. We are back!

Stock

2016-08-19 17:28 | Report Abuse

Bought again 0.190. Never thought can buy again this price. Monday EGM . Who sell who will regret later ... Be positive and be patient m.

Stock

2016-08-19 17:27 | Report Abuse

Now got 3 dogs. Traderman new dog.

Stock

2016-08-18 20:23 | Report Abuse

Can I ask everyone a favor! If the dog come in again, can everyone help click report abused button . Thank you

Stock

2016-08-18 12:15 | Report Abuse

Congrat ! Everyone who boarded, now we are flying! No more haze. Weather clear. Next stop 0.350

Stock

2016-08-18 05:37 | Report Abuse

Business News
Home > Business > Business News
Saturday, 23 July 2016
KNM rides on green energy

BY CECILIA KOK


Recurring income stream: The first phase of KNM’s bio-ethanol plant in Thailand will be coming onstream in the fourth quarter of this year. The first phase of this project, which comes with a daily capacity of 200,000 litres, will contribute to about 15-20 of its bottom line for the financial year ending Dec 31, 2017.
Recurring income stream: The first phase of KNM’s bio-ethanol plant in Thailand will be coming onstream in the fourth quarter of this year. The first phase of this project, which comes with a daily capacity of 200,000 litres, will contribute to about 15-20 of its bottom line for the financial year ending Dec 31, 2017.

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With several renewable energy jobs in the pipeline, it is set to weather economic uncertainties

GREEN is the new black for KNM Group Bhd.

The oil and gas (O&G) downstream player, which specialises in process-equipment manufacturing, is rewriting its growth story by transforming into a renewable energy major.


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And it is optimistic that it will begin to reap the rewards of its business transformation plan once its first renewable energy project – a 72%-owned bio-ethanol plant in Thailand – kicks off in the fourth quarter of 2016.

“Now, we see the ‘fruits’ hanging, ready to be plucked; and we expect to start plucking them by the end of this year,” says KNM chief executive officer Lee Swee Eng.

Lee tells StarBizWeek that with the first-phase of the group’s bio-ethanol project in Thailand, which comes with a daily capacity of 200,000 litres, coming on stream next quarter, the renewable energy sector will account for 15% to 20% of the group’s earnings for the financial year ending Dec 31, 2017.

That is an income of at least RM15mil per year.

According to Lee, contributions from the new business to group’s earnings will progressively grow, as KNM still has the second phase of the Thai bio-ethanol project and the first phase of its 80%-owned waste-to-energy plant in Peterborough, UK, in the pipeline for commissioning in 2018.

“We expect the renewable energy business to account for 30%-40% of our group earnings in 2018, and by the next five years, this portion will grow to 70%,” Lee says.

Stock

2016-08-17 15:06 | Report Abuse

Operator buying!

Stock

2016-08-17 15:05 | Report Abuse

Operator buying !