any causalities?

http://bigcanon.blogspot.com/2015/04/what-shares-will-be-benefit-if-there-is.html

KNM Group - RAPID ready (BUY, TP MYR1.50, KNMG MK, Oil & Gas)

Estimated to secure USD280m worth of works from Sinopec’s USD1.3b package win.
Raising 2015/16 earnings by 44%/40% to account for higher jobs wins (+MYR1b to MYR3b p.a.).
Changed valuation methodology to backlog-based; TP raised to MYR1.50 (+50%) on 0.7x EV/backlog. BUY.

What’s New
RAPID's mega packages are finally out. Sinopec Engineering has secured a Letter of Award from PETRONAS for the RAPID package 2 job. This EPCC contract is valued at about USD1.33bn. KNM is one of Sinopec's selected subcontractors for this package, having been involved in the bidding process with Sinopec. While not stated in the Bursa announcement, we believe that KNM’s effective portion is c.USD280m. Works are likely to start in early 2015, over 2 years.

What’s Our View
This is positive development for KNM. Apart from this package, we understand that KNM would also have exposure to several other packages. According to market sources, apart from Sinopec, CITC, Technicas Reunidaf, Petrofac and Toyo are the EPCC winners for the other 4 RAPID-related packages.
In total, we expect KNM to secure about USD800m-USD1b worth of jobs from RAPID alone over the next 3 years (2015-17). We expect subsequent contract flows on RAPID works over the next few months, in favour of KNM. For this, we have raised our 2015-16 earnings forecasts by 44%/40%, taking into account the higher backlog orders (+50% to MYR3b p.a.) expectations.
Similar to our other cyclical, order-driven oil & gas stock coverage, we now adopt the backlog-based valuation method on KNM. Orders momentum should drive price performance and this new approach best reflect KNM’s prospects. For this, we have raised our TP to MYR1.50 (+50sen), based on 0.7x EV/backlog multiple for 2015. The 0.7x reflects its 3-year historical threshold. We have assumed a MYR3b order backlog for 2015.

Source: Maybank Investment Bank Research - 7 August 2014

Maybank's TP is now RM1.50

0.69 seems to be rather strong

on another note, cliq may have a potential breakout

Technical charts are showing some Buy indicator since June 26?

what's on June 7?

hahaha... that's why it's a trading buy... not a long term buy.

what time will the result be released today?

Could we see it flying after the resistance level of 0.41 breaks?

Looks like MAS is trade bound at the moment.