Posted by Legend > 2021-11-17 22:27 | Report Abuse

Minum kopi 016 dulu

Posted by RJ87 > 2021-11-18 09:28 | Report Abuse

Calm before the storm…

Panic buying storm or panic selling storm…

Posted by Jack Y > 2021-11-18 10:54 | Report Abuse

50 50% .....

Posted by RJ87 > 2021-11-18 11:17 | Report Abuse

those buying betting KNM refinance bond, those selling is betting KNM default on bond.

Which one is it be?

P.S. I bet tunku can settle la...He is right on strong operating cash to easily refinance it. Plus, it's a guaranteed bond. Worse also, ADB downgrade KNM from AAA credit rating to C lo =D

Posted by RJ87 > 2021-11-18 11:20 | Report Abuse

last 1 min, big kaki sapu, whole 3m shares gone is 10sec

Posted by Legend > 2021-11-18 11:30 | Report Abuse

itu semua mau pancing saja...

Posted by RJ87 > 2021-11-18 11:50 | Report Abuse

RM600K to pancing wooo....
Ada kaya jugak ini olang...

Posted by truthspeaker69 > 2021-11-18 11:52 | Report Abuse

borsig tales episode 3 coming soon as accumulation is complete

Posted by RJ87 > 2021-11-18 11:54 | Report Abuse

Who cares what story la...as long can ride the wave and make money...


truthspeaker69 borsig tales episode 3 coming soon as accumulation is complete
18/11/2021 11:52 AM

Posted by InvesterD > 2021-11-18 12:20 | Report Abuse

Anyone have any news on the Thailand Bond that due today?

Posted by sonyx123 > 2021-11-18 13:03 | Report Abuse

Anyones best guess but hope Tunku could turn this around

Posted by InvesterD > 2021-11-18 13:16 | Report Abuse

I believe MAA must have plan to deal with the Thailand Bond when they invest in KNM.

Posted by bojed > 2021-11-18 13:19 | Report Abuse

"13.1 (a). Non-payment: the Issuer fails to pay any amount of principal in respect of any of the Bonds within 14 (fourteen) days of the due date for payment thereof or fails to pay any amount of interest in respect of any of the Bonds within 21 (twenty-one) days of the due date for the payment thereof;"

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InvesterD https://portal.set.or.th/dat/eod/tsd/deb/a18d084e-45a2-4bd8-a1bb-234436a6ce5d.PDF
15/11/2021 4:19 PM

Posted by sonyx123 > 2021-11-18 14:28 | Report Abuse

good try woodswater to instill fear. let's watch second half

Posted by Legend > 2021-11-18 14:35 | Report Abuse

Ada sudah kena pancing ka..?

Posted by Hotstuff > 2021-11-18 16:13 | Report Abuse

when i d i o t start talking you know what to do..BUY!!

Posted by Jack Y > 2021-11-18 17:29 | Report Abuse

waiting news...... no news is good news?

Posted by RedEmperor > 2021-11-18 17:38 | Report Abuse

1. Introduction

Pursuant to Chapter 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KNM Group Berhad (“KNM”, the “Issuer”) would like to announce that a non-payment event has occurred in relation to the payment of the principal sum and coupon on the bonds issued by KNM in Thailand amounting to THB 2,780 million (equivalent to approximately RM 352.57 million) (the “Thai Bonds”). The Thai Bonds are guaranteed by Credit Guarantee and Investment Facility, a trust fund managed by the Asian Development Bank (the “Guarantor” or “CGIF”).

The Thai Bonds had matured on 18 November 2021 and under the terms and conditions of the Thai Bonds, KNM has up to 14 days after the maturity date, being 2 December 2021, to pay the principal sum and up to 21 days after the maturity date, being 9 December 2021, to pay the coupon arising therefrom (“Grace Period”), failing which, an event of default shall be deemed to have occurred.

2. The reasons for the non-payment

KNM has encountered challenges and delays in refinancing the Thai Bonds due to the COVID-19 pandemic and unfavorable operating conditions of the KNM’s subsidiary in Thailand namely Impress Ethanol Co. Ltd. (“IECL”) which owns and operates an ethanol plant in Thailand.


3. The measures by the listed issuer to address the default in payment

KNM is in the advanced stage of discussions with several financial institutions to secure new financing facilities to redeem the Thai Bonds. However, the final approval decisions of these new financing facilities are expected to occur only after the maturity date of the Thai Bonds.

In addition, KNM has also appointed consultants to monetise the investments of KNM, including disposal of assets / shares in IECL.

KNM is in close communication with CGIF on KNM’s ongoing refinancing plans to address this non-payment event and where applicable, to reimburse CGIF the guaranteed amount paid by CGIF to the bondholders. Under the guarantee agreement between CGIF and the Bank of Ayudhya Public Company Limited who is the bondholders’ representative for and on behalf of all bondholders, the bondholders have the rights to make a demand for payment of the guaranteed amount from CGIF within the demand period in the event that the non-payment event is continuing after the Grace Period.

4. The business, financial and operational impacts of the default in payment on the listed issuer

The non-payment event may have an adverse impact on the financing facilities of KNM and its subsidiaries (“KNM Group”) in the event that the respective financial institutions suspend their financing facilities granted to KNM Group pending the resolution of the non-payment event. Nevertheless, KNM shall endeavour to continue its other remaining business operations notwithstanding the non-payment event and will engage with the lenders and suppliers for their continuing support.

Posted by RedEmperor > 2021-11-18 17:42 | Report Abuse

Judging by the announcement, refinancing efforts are ongoing and in final stages. I anticipate good outcome in a few days time.

Posted by InvesterD > 2021-11-18 17:43 | Report Abuse

.....Non-payment..

Posted by InvesterD > 2021-11-18 17:44 | Report Abuse

14 days grace period

Posted by hongheng7 > 2021-11-18 17:57 | Report Abuse

However, the final approval decisions of these new financing facilities are expected to occur only after the maturity date of the Thai Bonds.:)

Posted by Flyinghorse > 2021-11-18 18:56 | Report Abuse

https://www.theedgemarkets.com/article/knm-misses-thai-bond-payments-amid-pandemic-challenges-subsidiarys-unfavourable-operating

Posted by jek2288 > 2021-11-18 19:16 | Report Abuse

Positive news announnced.may jump up tommorow i think.

Posted by Citadel9999 > 2021-11-18 19:19 |

Post removed.Why?

Posted by Citadel9999 > 2021-11-18 19:19 |

Post removed.Why?

Posted by Legend > 2021-11-18 19:30 | Report Abuse

KNM misses Thai bond payments amid pandemic challenges, subsidiary's unfavourable operating conditions.
KUALA LUMPUR (Nov 18): KNM Group Bhd said it has missed principal and coupon payments on bonds issued in Thailand worth 2.78 billion baht (RM352.57 million) which matured on Thursday (Nov 18).

The oil and gas equipment and services group blamed this on the challenges arising from Covid-19 and the unfavourable operating conditions of its subsidiary Impress Ethanol Co Ltd (IECL), which operates an ethanol plant in Thailand.

In a bourse filing, KNM said it is in an advanced stage of discussions with several financial institutions to secure new financing for the repayments of the bonds.

However, it said final approval decisions for these new financing facilities are not expected to be made until after the maturity date of the bonds.

KNM said it has a grace period until Dec 2 to pay the principal sum, and until Dec 9 to pay the coupon before an event of default occurs.

The bonds are guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund managed by the Asian Development Bank.

"The non-payment event may have an adverse impact on the financing facilities of KNM and its subsidiaries (KNM Group) in the event that the respective financial institutions suspend their financing facilities granted to KNM Group pending the resolution of the non-payment event.

"Nevertheless, KNM shall endeavour to continue its other remaining business operations notwithstanding the non-payment event and will engage with the lenders and suppliers for their continuing support," the group said.

KNM said it has appointed consultants to monetise its investments, including disposal of assets or shares in IECL.

"KNM is in close communication with CGIF on KNM's ongoing refinancing plans to address this non-payment event and where applicable, to reimburse CGIF the guaranteed amount paid by CGIF to the bondholders.

"Under the guarantee agreement between CGIF and the Bank of Ayudhya Public Co Ltd who is the bondholders' representative for and on behalf of all bondholders, the bondholders have the rights to make a demand for payment of the guaranteed amount from CGIF within the demand period in the event that the non-payment event is continuing after the grace period," it added.

Shares of KNM rose 5.88% or one sen to 18 sen, giving the group a market capitalisation of RM601.77 million. The counter has fallen 18.18% year-to-date.

Posted by Legend > 2021-11-18 19:36 |

Post removed.Why?

Posted by Primeinvestor > 2021-11-18 20:23 | Report Abuse

still no default, sell sell sell until default

Posted by bojed > 2021-11-18 21:08 | Report Abuse

Even if they manage to secure loans to pay their Thai bond, this situation shows the state of KNM's coffers.

Posted by Bmw X5 > 2021-11-18 21:45 | Report Abuse

Knm masak tomyam tmr .... Better sell

Posted by striker888 > 2021-11-18 22:57 | Report Abuse

Lots of frauds here, run when sardin says borsig borsig borsig, because it really means bull**it, ha-ha

Posted by masterkevin212 > 2021-11-18 23:58 | Report Abuse

WHERE IS HERO KNM SARDIN81

Posted by TryMakeGoodBuy > 2021-11-19 00:04 | Report Abuse

Gone.
Which banker in their right mind will want to take a risk to finance KNM!

Posted by basicallysimple > 2021-11-19 01:44 | Report Abuse

Why ethanol plant cannot do well during covid? German engineering leh

Posted by datopanglima888 > 2021-11-19 08:15 | Report Abuse

takde pemangkin

Posted by Legend > 2021-11-19 08:41 | Report Abuse

Good morning...0.16
Siapa sudah kena pancing semalam..haha

Posted by Hotstuff > 2021-11-19 09:00 | Report Abuse

standby bullets....Q 500k units @ 0.15

Posted by Legend > 2021-11-19 09:03 | Report Abuse

Hahahahahahahahaha

Posted by BuySoLow SellEvenLower > 2021-11-19 09:07 | Report Abuse

With this non payment news, expect .15ct very soon

Posted by RJ87 > 2021-11-19 09:11 | Report Abuse

I tot a blood shed...but turns out, more gambler than I thought....

I think market think it's a good news as they finally understood that thai bond is guaranteed by CGIF and thedebt will be restructured anyway.

Posted by RJ87 > 2021-11-19 09:12 | Report Abuse

I think they selling of Ethanol plant to CGIF.

Posted by linxpeedy > 2021-11-19 09:12 | Report Abuse

If yesterday’s news is a surprise to anyone they are not doing there research. The key is that they have now appointed consultants to value and sell assets. They will refinance bond but for a short period. This takes off pressure of fire sale and then can sell all assets at a proper price. NAV is over 50 cents. With time and oil prices up chance can get more. Time to just sell the parts as that is worth more than the company. Sell range between 40-60 cents is good profit for everyone. Then close KNM.

Posted by RJ87 > 2021-11-19 09:21 | Report Abuse

Not many retailers here then...alot of pros...either they know how to offload shares to market or they genuinely believe in the value KNM. U look at how the queue are added and removed; crazy manipulation.

better stay away...

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linxpeedy If yesterday’s news is a surprise to anyone they are not doing there research. The key is that they have now appointed consultants to value and sell assets. They will refinance bond but for a short period. This takes off pressure of fire sale and then can sell all assets at a proper price. NAV is over 50 cents. With time and oil prices up chance can get more. Time to just sell the parts as that is worth more than the company. Sell range between 40-60 cents is good profit for everyone. Then close KNM.
19/11/2021 9:12 AM

Posted by PenghuluGia > 2021-11-19 09:26 | Report Abuse

2 things must go - Ethanol plant and UK power plant. Waste time and money.

Posted by linxpeedy > 2021-11-19 09:35 | Report Abuse

Malaysia’s stock market has a bad reputation for a good reason …
Easier than going to Genting…
If you sell just some assets you will not realise value and there is no experience in management to build the company. CFO now CEO … no way he can build valuable business.
Time to sell off all and get value for shareholders.

Posted by Primeinvestor > 2021-11-19 09:47 | Report Abuse

MAA is the largest soarhai, just sell this off, haha

Posted by Citadel9999 > 2021-11-19 09:53 | Report Abuse

sardin become salt fish??? Ur borsig can't pay

Posted by Citadel9999 > 2021-11-19 09:53 | Report Abuse

whats Ur excuse now???

Posted by PenghuluGia > 2021-11-19 09:54 | Report Abuse

Perhaps the reason why MAA put in Ahrens, their own technical party to review performing and non performing assets and advise the CEO and Chairman on what are the prospects.