Dear friends, the announcement mentioned YTD which means year to date, meaning from January to 9 of April.

If for the 3 months they only secured RM200m odd contracts and every year KNM has a revenue of RM1.8-2 billion, meaning KNM's churn rate is about RM450-500m per quarter.

With just RM200m of order book replenishment, is this a sign to chase the stock ??

where is maybank or hong leong bank analysts have to say about this ?? a great sign of danger ahead and yet we cheer BUY BUY !

Surely after this some will sink me by saying KNM is expected to get a RM2b order in the second half from so and so .... and bla bla ...

Jokes never end in this comical stock !!

I think some members here are trying to tell that KNM no longer correlated to oil price or to be exact, some economist termed it as "decoupling" ... Sadly this is not the case !

KNM has been riding on the oil price since 2012, even a handicapped stock like KNM had climbed Everest and now when the oil price at the bed of the ocean, they disown the oil price.

Now the oil price is the forgotten son and KNM thinks with or without the oil price their business is always "not affected". What a bull shit !!

KNM is the darling of syndicates, like it or not. The volume last week averaged about 100m everyday and if goes by maths, the company could have been taken private by the syndicates in 15 days. But sadly, the volume was only churning "buy sell buy sell" with no intention to Invest into the company.

Judging from the dwindling volume yesterday and today, the interest in this KNM is waning. The first layer of money already in the pocket and syndicates will move on the second liners like PDZ, Sumatec, GPA, Tiger, K1, Daya that have not moved thus far. ... but sure KNM will be left behind.

If anyone still think KNM will have a good run, better think twice.

Bull Shit !

today is ultra super undervalue at 46sen and yet I AM NOT BUYING this con-counter ... for reasons

1. this counter is in the midst of raising Rights money; if I buy now, I have to fork more money if I do not want to be diluted; which investor want to give money to the O&G sector now ??

2. at this price which is below its par value at 50sen, the Rights Issue cannot be launched hence there is VERY HIGH RISK the company cannot pay their bankers; hence a likely candidate to go under PN17. Until now there is no signal from the company whether the Rights will be launched or delay. NO TRANSPARENCY AT ALL !

3. the major shareholder already pokai ! if he has the monies he will sapu all the Rights Issue Shares and its Warrants. No need to come here to manipulate and cheat on the petty investors like us ...

This Maybank clown is again on the prowl with even thicker reports but nothing in it is on-time and we didnt know ! YES, it is me again TELUSTERANG attacking this senseless and brainless analyst.

KNM and other oil and gas stocks had been battered down so badly because of the oil price and now only they issued a report to lower down the target price. Am I suppose to sell now with your comment that 2015 will be weaker than 2014 or wait for your target price of RM1 (as mentioned in page 6 of the report under the fabrication and pipe coating section). Which direction are you asking me to bet now ?? BUY - when 2015 will be weaker than 2014 ? or SELL - when you have a target price of RM1 ?

Can this clown make sense please ... ???

Am not a fan of KNM, but this clown really irking me most ...

Can't give you a full report... but rest assured the major shareholders and directors will bulldoze it and get it through. So the Rights is approved. Whether they can launch it is another story. If all shareholders buy buy buy, then it shoot past 50sen, then they can launch. If all sell, sell and sell and go below 50sen, then cannot launch.

It all depend whether shareholders still want to give them money. If you have deep pockets and like this con-counter, then push it through 50sen and subscribe the Rights later... my savings now is for my cucu-cicit

So many tired faces in the EGM, they just felt cheated over and over again. Not just no dividend but continuously asking for money, retirees like us how to fund this company forever?? Pity us la...

One shareholder questioned the recent run-up is too artificial and may fall again after the EGM. If it really goes below 50sen, can the Rights Issue still proceed. Comically, the Management answered "e...ar...e...ar... not sure..." really no standard!

Shareholders questioned why KNM had 2 EGM and 1 AGM this year and still no sign the problem is over. Why they need the money? What if the Rights cannot go, will the company goes under PN17 ? Can the Management guarantee there will be no more fund raising? Why issue so many warrants and that's only benefit the major shareholder?

all these questions were not properly answered in my opinion. Q&A still going on pass 12 noon. Sick of this!

LIVE from the EGM - shareholders rebuke KNM corporate proposal. Wow! Better run now and Management trying to get votes to get it through. Some shareholders brought eggs and I guess will be pelted directly to the directors once the meeting over!! Hahahaha.... RUN

Good to hear you made money. Stay out of this counter until the Rights Issue is over. Don't buy and later got to fork out more money. Always can buy after the Rights or no risk the company going to PN17. Keep your hard earned profit warm first.... let KNM manifests until a clear picture emerges. Now just too risky

I have no intention to hurt any shareholders. That's for sure. I guessed you probably came in to this blog after you have purchased the stock. I am here to alert potential investor whom had not bought and give them a fair view about this stock. If that hurts you, I am sorry. But facts remain facts, risks remain risks, and this high beta stock with high risk low return is just not your cup of tea!

Choose another stock to bet on

There is no expert here. We just being frank (telus) and being clear (terang) here. KNM just like to be unfrank and unclear all the time. Not all o&g counters will go PN17, but certainly those who default in their loan will go there.

Want to bet a rebound in oil price choose dialog, skpetro or others, than company asking for money!

Maybank's report was totally brainless. Beside insulting our intellectual it is also completely CORRUPT!!! How can the analyst chose to believe that it is easy to secure financing in 2015 compared with 2013 or 2012? Interest rate is higher and credit is tighter but yet easier for KNM?? Joke of the year before the closing of 2014 haha.... Also, low oil price is going to kill all Renewable Energy business model, which stupid bankers will lend them money?

the management of KNM is to blame other than the industry ... they basically lack the sense of timing where they are asking shareholders to put in money at a time where people fear most the oil and gas industry ....

Not only EPF, "ghost" also run ...

Now they are leaving the skeleton in the cupboard as investor just do not what will happen to the Rights Issue at this time ... if the Rights got scrapped, will this company default their bank loan and goes under PN17 ??

certainly RM4,850 was insignificant. probably they felt the billboard on bursa was too empty so KNM decided to fill it in... and they will do this comical act everyday to fill up the billboard...

If my prediction is right, the 10,000 is just the tip of the iceberg. You will see more to come !

Saw the announcement on KNM to buy back it shares. It could be just the start of it again !

This company really lacks corporate governance. Let me explain. Share buyback CAN only be done when there is "excess cash" in the company's coffer and the company can choose to either 1) distribute the cash back to shareholders as dividend OR 2) do a share buyback where mopping shares from the market can enhance the Earnings Per Share (EPS) which will benefit every shareholders too indirectly.

What puzzles me in KNM is they certainly in dire need of cash by doing a Rights Issue currently and in the same time showing to the whole world that they have "excess cash" !!! Are they trying to take money from every shareholders and prove themselves to be a better fund manager ?? Are they in the best position to tell this is the bottom of their share price ??

Can the Securities Commission investigate a company like KNM for being a non-licensed fund manager but act like one ? Can the SC investigate them from going out of their ordinary business of manufacturing equipment into manipulating its own share price? Can SC bar a company from using their "limited cash" to do share buyback when it is obvious they are in a fund raising situation ?

IT IS SIMPLY UNACCEPTABLE ! NO CORPORATE GOVERNANCE AT ALL !!!!!!!!!!!!

this counter has a habit of putting a lot of profit in the unaudited accounts. This quarter KNM is doing a corporate exercise, sure they dressed up the number. Once the Rights is over, you will see BIG RED in the next quarter.
No need to trust me, check your fact at their previous BURSA announcement !

Otherwise they won't earn their reputation as a con-man counter !

the problem is KNM went up because of oil price went up half a year ago... So now oil coming down, price got to come down lo ...

You cannot say, you want the upside and dont want the downside. fundamentally, KNM worth 46sen !

3 quarters net profit was RM41m and annualized net profit should be RM55m. Give them 15x PE, KNM market cap should be RM825m (RM55m x 15PE). KNM issued shares are about 1.8bil, so the price per share should be 46sen.

Still expensive low now ... at 55sen. More downside to see

Analysts are the useless, with a pen but wrote non-sense. In HLB report, it says KNM "just got" US$300m contract from RAPID. I went through BURSA website on KNM, nothing like that ever announced. That analyst is just kaki kong, kaki song ! Will SC, please suspend this analyst license, as this is a blatant lie and a misrepresentation to the investment community !!

Maybank and HLB also says about the Peterborough Project, this story never ending giving us excitement but nothing materialized. I don't remember when they started to write this fantasy story but throughout these years they cannot get a financing, when credit was abundance in 2012 and 2013 and NOW KNM can do it in 2014 or 2015 when credit got squeezed and interest rate spiking up ?

SEMUA PENIPU ! Con man counter

giving KNM 15X PE already given them 15 years of benefit that the company can generate the same profit with the current projects and business prospect ....

If you think KNM worth 30x PE, then Dialog, Sapura Kencana, Coastal, Sumatec, WahSeong should all double the price today because they all follow the industry average at 15x PE now.

ONLY KNM has biz prospect and current projects ??

3 quarters net profit was RM41m and annualized net profit should be RM55m. Give them 15x PE, KNM market cap should be RM825m (RM55m x 15PE). KNM issued shares are about 1.8bil, so the price per share should be 46sen.

Fundamentally, this stock still overvalued. At current 61sen, this counter is trading at 20X PE.

Expensive lo...

ini KNM macam karton aja ! kejap ni kejap tu