After some consolidation, TG poised to hit 30 by month end

KNM won’t move until operator collect enough... just sell and buy other fast moving sector like tech and glove

KNM will be sleeping until vaccine is out

haha

No need waste time at knm.

Very strong buying interest to absorb the intense selling pressure in the morning session

26 is very possible in the second session today

Looks like KNM one night stand again haha
Operator no power need to eat viagra wakaka

Last few days to buy below 30

KNM on the way to retest last year high of 0.475

https://www.theedgemarkets.com/article/top-gloves-fair-value-could-surpass-rm110-affin-hwang-says

Djoker is one of the weak holders who have sold TG and now keep spreading the labour nonsense and hope to buy back at lower prices haha

Good to see so many negative comments here

It means many weak holders have unloaded and hope to buy back at lower prices

It also means less selling pressure on the way up from tomorrow onwards

RM30, see you very very soon

Uncle got many followers. He just entered hence unlikely he will exit anytime soon

His standard is at least double the return before exiting

Hence at below 25, close both eyes buy sure win later when Top Glove cross 40 or beyond

From the above comments, it seems that operators managed to clear out a lot of weak holders today haha

Many waiting to buy back at lower prices, which we don’t mind price to drop so that we can collect more

Let’s see how tomorrow

https://www.malaymail.com/news/malaysia/2020/07/21/no-elements-of-forced-labour-found-at-top-glove-premises-says-hr-ministry-o/1886649

Haha I knew it KNM will fly after I said don’t waste time here hence I purposely said that

But behind I bought extra wakaka

No need waste time at KNM now
Operators not enough tickets to push it up yet
Meanwhile go join the party at Glove counters.

Contra players will sell now and buy back much higher prices in the future

Today is the last day to buy below 25

Top Glove tomorrow almost certain will retest 25 and beyond

Likely to hit 30 by end of this week and hit 40 by end of July

Top glove target price is 37 by Credit Suisse

Ya run first buy back later

Ya only sohai comes here to talk cock on KNM
Whoever comment r sohai

Looking at the increasing number of DBTs, it’s almost certain that something really big is ongoing behind scene....

By that time, RM3 may be will be an understatement

Directors last report selling shares on 31 Mar. KNM price went up from 11 cents to today’s closing price of cash 0.225. Double the price haha

Today directors report selling shares again, price will double up soon?

Go check announcement on Director disposing shares and share price movement over past 5 years

Whenever got report Director sell shares, price keep going up

Whenever got report showing directors buying, price keep going down

Choice is yours haha

Malaysia gonna build 6 WTE plants. Tender starts in Sep. KNM likely to be winner

Good drop pls

Good I wait at 0.15

Don’t waste time here
Sell and move on

Many traders stayed sideline before Bursa announcing extension of idss ban

Now we know no more idss until 2021, so party time is on hurray!

Sky is the limit. Go back to above 0.50 by end of July!

Armada will rebound further to above 0.30 soon

From latest shareholding report, more and more fund managers are buying into KNM

We will see KNM back to above 0.40 very soon. Supported by more stable oil prices as more global economies reopening.

Increase in covid19 cases In certain parts of the US is not so serious as we have efficient mediation that cure covid19 much faster and fatality rate is dropping. More importantly, emergency use of vaccine could be as early as Oct!

No more short selling until 31 Dec 2020. It means operators and syndicate can only make money if stock price goes up ultimately

So strategy is to collect when they press down!

https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html

New covid19 cases in America r mainly youngsters hence we will b seeing fast recovery and there won’t be mega size lock down anymore

Those who bet on second wave will disappoint big time

Supermax confirm back to below 5 very very soon

It’s art of war

Mandarin is called 声东击西

Make a sound in the east, then strike in the west

https://www.theedgemarkets.com/article/suspension-short-selling-bursa-malaysia-extended-until-yearend

https://www.theedgemarkets.com/article/suspension-short-selling-bursa-malaysia-extended-until-yearend

Good drop more buy more

Don’t ever contra on KNM
It’s like suicide

There won’t be second wave for sure as now we are more alert with all the social distancing practices and governments are more responsive

Look at what happen in Beijing, situation is under control in such a short period

Over the last few days, operators have been right hand sell to left hand to push prices down haha

But I hope KNM can drop further for our further collection at cheap prices

Why worry about IDSS?

Last year KNM shot up from 0.075 to 0.475 even with IDSS what.... haha

This week high chance to cross 0.30

KNM doesn’t welcome contra players

I suggest KNM to have reverse split in order to avoid unnecessary speculation on the counter. How about 10 to 1?

KNM not suitable for contra players. Contra sure lose money

More fund managers to add KNM in their portfolio very very soon

PE of 7.5x what a bargain

KNM GROUP BHD: (MYR0.25) Higher profit thanks to a lower effective tax rate
Maybank IB Retail Research

KNM reported a net profit of MYR20.3m in 1Q20 (+10% YoY). Excluding one-off net loss, its 1Q20 core PATMI jumped 62% YoY. In comparison, the group booked in a one-off net gain of approximately MYR5.1m a year ago, mainly due to reversal of warranty and reversal of impairment loss on other receivables. No dividend was declared for the current quarter.

In 1Q20, revenue fell 7% YoY, partly due to temporary closure of its China’s and Malaysia’s operations following the COVID-19 lockdowns, as well as lower production level in its Thailand operations. Despite the lower revenue, the higher PATMI was mainly attributable to a lower effective tax rate of 7.6% (1Q19: 28.5%).

Although the stronger 1Q20 results were commendable, 2020 will be a challenging year for the group. Global economic growth is hampered by the COVID-19 pandemic, which in turn, would hurt global demand. Our analyst believes that normalizing global demand will only materialize if a cure/ vaccine for COVID-19 is developed/ launched quicker than anticipated.

Besides the COVID-19 outbreak, jobs flow has been slow thus far, particularly in the face of a low oil price environment. Brent spot price averaged USD63.99 in 2019 vs. an average of USD41.22 YTD, down approximately 36%. Nonetheless, MKE believes that oil production cut by OPEC+ as well as stricter compliance will help to support oil price.

The group has return to profitability in FY19 after slipping into losses in 2016. The 1Q20 results show that its turnaround is intact but investors with lower risk appetite should continue to stay cautious. Notably, its global footprint (Asia & Oceania and Europe made up 16% and 84% of 1Q20 revenue respectively) will also feel the impact of the lockdowns worldwide.

In terms of valuation, the stock is trading at an annualised 1Q20 core P/E of 7.5x and a trailing P/B of 0.4x. KNM offers potential turnaround play but execution is key to success. Another potential re-rating catalyst would be a successful de-gearing exercise. As at end-Mar 2020, its net gearing stood at 0.7x. YTD, its share price was down 33%.