Posted by kahfui1221 > 2022-05-25 10:40 | Report Abuse

knm slowed down jor

Posted by mrupai > 2022-05-25 10:46 | Report Abuse

thank God! no more borsig over hype tales will be possible .

Posted by nikicheong > 2022-05-25 10:46 | Report Abuse

wah liau nobody here even reads the announcement

which is?

Posted by Nch21396 > 2022-05-25 10:47 | Report Abuse

Gamblers r illiterate, wat they know only coned here n there ya

Posted by vcinvestor > 2022-05-25 11:09 | Report Abuse

@nikicheong why would a counter move up (i.e. investors want to buy in) when
1) a company sells its investment at a massive loss
2) most of the sales proceeds are applied towards repayment of debts meaning bankers get paid, business gets a little bit of working capital to cover day to day.

so what upside is there? Read. The. Announcements.

Posted by Michael R. > 2022-05-25 11:21 | Report Abuse

Why u think it should be up ? it is selling its golden goose... Where next profitable segment come from?

nikicheong

So KNM sells a company it owns 100% of for RM1.03bil, greater than its market cap of RM570mil, and yet the stock doesn't even move up? ???

1 hour ago

Posted by purple70 > 2022-05-25 13:00 | Report Abuse

BORSIG sale supposedly "saves interest expense of RM80 mil annually"...but the hidden truth is that BORSIG brings in RM100 mil profit annually!

How could such an asset sale be at a loss, unless someone in the middle - you know who I am talking about - has made a deal to get money under the table, which he is very much known for...AFter all he has 2 willing goons as directors to do his bidding!

One fellow Ravi Balasingam was his crony as CEO of now submerged MMM when they loaded it off to another goon Ramesh Rajaratnam - who self styled himself as next Tony F of maritime transport and got F"ed!

Something fishy and surely SC wont do a thing!

Posted by williamtkb > 2022-05-25 13:34 | Report Abuse

So quiet morning session. Afternoon may have show liao. To the north or to the south?

Posted by Orson Chin > 2022-05-25 13:53 | Report Abuse

Russian war will change everything. Special energy business in euro.

Posted by dompeilee > 2022-05-26 07:42 | Report Abuse

I have a very long history trading KNM...bought $1.75 in '10, SOLD @ $2.30...repurchased 92c in Jan'12, SOLD @ $1.11 in Feb '12...repurchased 93c in Mar '12, SOLD @ $98.5c in '14....repurchased 31.5c in '17, SOLD @ 36.5c in '19. Have avoided this co. ever since that leesweeeng fella started selling his own stake @ low prices.

Posted by ljmeng > 2022-05-26 08:30 | Report Abuse

can actually forget this counter.......dun pinhope on it.......

Posted by williamtkb > 2022-05-26 08:39 | Report Abuse

Sell on news again. Today selling pressure higher.

Posted by maggiemee > 2022-05-26 12:54 | Report Abuse

Where is sardine who keeps on hard sell KNM back to three years ? Time proof he is a cheater and promote for some syndicate

Posted by citadel888 > 2022-05-26 12:55 | Report Abuse

sardin earn from 0.07 to 0.4 then he sailang at 0.4 now broke again haha

Posted by citadel888 > 2022-05-26 12:55 | Report Abuse

borsig everyday now bankrupt and hide

Posted by Benhobenho > 2022-05-26 15:11 | Report Abuse

What happened to MAA stake in the company. Sold?

Posted by speakup > 2022-05-26 15:48 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/09/03/maa-group-has-substantial-stake-in-knm

KNM screw MAA already?

Posted by Depeche > 2022-05-26 23:58 | Report Abuse

Market is having its say.... they dun like the news.

Posted by Jonathan Keung > 2022-05-27 11:29 | Report Abuse

KNM have no other choice . They need the funds for their survival. Funding their Thai renewable energy business and or disposed off their UK land property was floated together with Borsig sales since 2021. The past 2 years particular tough for any business to spin off any businesses. Covid pandemic and now Ukraine conflict.

Posted by Ninja _07 > 2022-05-27 16:07 | Report Abuse

Just wait for the coming news guys... All the weak holders have been shifted

Posted by 8899EL8899 > 2022-05-28 14:53 | Report Abuse

tengku k only have 10% shareholding in knm,........i don`t think he will do something benefit knm shareholders, except himself personally,........the thai renewable energy business & ethanol plant probably will be sold at loss or for 1USD to their close friends,......look at past history, melewar spent hundred millions ringgit to built siam power, finally sold for almost nothing,.......melewar bought mmm for hundred million before it went bankrupt,......

Posted by 1pingpong > 2022-05-28 15:18 | Report Abuse

maybe a few more pump, then it will become a penny stock after all...

Posted by MacDee34 > 2022-05-29 09:05 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/05/28/borsig-sale-to-provide-lifeline-for-knm

Posted by 8899EL8899 > 2022-05-29 11:00 | Report Abuse

is it possible borsig sell to former director ir lee swee eng,......borsig is a profitable company with zero gearing,.......very good deal to buy it at rm1bil.,.........

Posted by Benhobenho > 2022-05-29 16:32 | Report Abuse

I thought knm stake bought by MAA will add value into knm

Posted by Benhobenho > 2022-05-29 16:33 | Report Abuse

Does this mean MAA had made an investment blunder

Posted by 8899EL8899 > 2022-05-30 13:10 | Report Abuse

knm, after so many years developing many projects,........spending a lot of capitals & energy,........, before it start to bearing fruits,............ time to dismantle knm assets,......somebody will benefit from buying cheap businesses,........knm will leave with under performing asset,........balance of the cash will be used to buy inflated assets,.......this is the fate of public listed company in malaysia

Posted by THE ROCK > 2022-05-30 16:56 | Report Abuse

Hi

Posted by Ninja _07 > 2022-05-30 17:00 | Report Abuse

Going up..!

Posted by THE ROCK > 2022-05-30 17:11 | Report Abuse

@8899EL....I do not see it this way....After selling Borsig is good for KNM. Plenty of cash coming into KNM....and KNM should use the cash to off load the debt and at the same time all those projects should be moving UNLESS, KNM upper leveluses those fund for their own liking...just like Serba Dinamik or even Sapura. Then only we as a investor will be in Deep Shi....The share movement today will tell us that they are very keen to put KNM back to its BEST....Unless it is Otherwise....just keep our fingercross. Apa Boleh Buat....MALAYSIA BOLEH...

Posted by THE ROCK > 2022-05-30 18:14 | Report Abuse

What Borsig having is no longer the future....But KNM is holding 2 companies that are producing Ethanol fuel. This the Future for KNM. Unless KNM start to sell these 2 companies ...then my Advice is GET THE HELL OUT as quick as possible...

Posted by Godofgambler > 2022-05-30 22:49 | Report Abuse

Cash is KING

Posted by HopusCopus > 2022-05-30 23:01 | Report Abuse

knm sold borsig and now sitting on huge cash reserves? looks promising

Posted by Ninja _07 > 2022-05-31 06:02 | Report Abuse

@nedgeon.. you’re spilling all the secrets!

Posted by 8899EL8899 > 2022-05-31 11:20 | Report Abuse

something very fishy,........they have settled all the debts in borsig before selling it,........ZERO GEARING in borsig ,........where can you find this type of business deal?.......silly knm are the donkey,........what to do.

Posted by dompeilee > 2022-06-04 18:35 | Report Abuse

LOL...a major newspaper comes out today with quoting the MD glossing over the co's serious liquidity problems. Hoping to unload on naive newbies come Tuesday! lol

Posted by 8899EL8899 > 2022-06-06 10:15 | Report Abuse

KNM actually don`t have to sell borsig at cheap price to raise fund,........they can just call for right issue at 1 for 2,..........issue price at 15cent per share,.......raise rm270mil.,.......it is enough to settle short term debt commitment,.........

Posted by bullmarket1628 > 2022-06-10 07:03 | Report Abuse

Petronas ups annual capex to RM60 bil, makes first allocation for clean energy
SyafiqahSalim/theedgemarkets.com
June 09, 2022 16:20 pm +08

https://www.theedgemarkets.com/article/petronas-plans-rm60b-capex-2022-says-group-cfo

KUALA LUMPUR (June 9): Petroliam Nasional Bhd (Petronas) is allocating about RM60 billion for capital expenditure (capex) in financial year ending Dec 31, 2022 (FY22) compared with RM30.5 billion a year earlier as the Malaysian national oil company prepares for the resumption of business activities, which were earlier disrupted by Covid-19-driven movement restrictions, and as the group sets aside money for clean energy or non-hydrocarbon-related ventures.
"This year, we expect to almost double that [capex] amount which is RM60 billion, because of catch-up and the return of [business] activities. This is also the time we have to make inroads in some material steps into the non-hydrocarbon side of things," Petronas chief financial officer Liza Mustapha said on Thursday (June 9) at the MIDF Conversations event, which was held virtually.
MIDF group managing director Datuk Charon Mokhzani was the moderator for the event.
Liza said that out of Petronas' planned RM60 billion capex allocation for FY22, about RM40 billion has been earmarked for the oil and gas business besides non-hydrocarbon–related operations while the balance of the capex allocation has been earmarked to finance Petronas Chemicals Group Bhd's (PetChem) wholly-owned subsidiary Petronas Chemicals International B.V. (PCIBV) proposed acquisition of the entire stake in Sweden-based specialty chemicals group Perstorp Holding AB for €1.54 billion (about RM7.02 billion) from Financiere Foret S.A.R.L.
Petronas owns a 64.35% stake in PetChem, according to PetChem's latest annual report.
Looking ahead, Liza said non-hydrocarbon-related income is expected to account for about 30% of Petronas' revenue.
"[About] 30% of our revenue should be coming from something which is not related to hydrocarbons.
"We have to factor in [business] growth, otherwise, we will not be able to manage the energy transition and we will miss our target of achieving [net] zero [carbon] emissions by 2050," she said.
According to her, about 10% of Petronas' RM60 billion capex allocation for FY22 will be earmarked for non-traditional businesses such as specialty chemicals and solar energy.
"Previously, I think there was never a plan on what rate it should be [for the clean energy segment] because there was no allocation from the top. So, it didn't really take off.
"So, we need to rethink our decision on the capital allocation [for the clean energy segment] and put it aside, because if we leave it at that and let them go with the flow, we are going to be a year behind the target again," she said.
Petronas' financials improved in 1QFY22. In a statement on May 31, 2022, Petronas said profit after tax rose to RM23.44 billion in 1QFY22 from RM9.22 billion a year earlier while revenue climbed to RM78.75 billion from RM52.55 billion.
"Despite favourable [first quarter] performance, the high oil and gas prices are expected to remain vulnerable with increased volatility due to geopolitical and macro-economic uncertainties.
"Petronas will continue to strengthen our operational excellence to maximise value creation whilst intensifying our growth and sustainability agenda in Malaysia and internationally,” the company said.

Edited By: Chong Jin Hun

Posted by Flyinghorse > 2022-06-14 20:19 | Report Abuse

https://www.theedgemarkets.com/article/knm-will-be-cashrich-company-two-years-time

Posted by Flyinghorse > 2022-06-14 20:20 | Report Abuse

https://www.theedgemarkets.com/article/yaacob-defends-knms-borsig-sale-hudson-set-drive-earnings

Posted by small_investor > 2022-06-15 14:57 | Report Abuse

Ethanol is in demand when petrol price is high. e.g. now in thailand . can even export to Indonesia ..

Posted by CUTLOST > 2022-06-20 15:30 | Report Abuse

8cts nice entry level

Posted by Michael Kwok > 2022-06-20 15:53 | Report Abuse

Agree.see below 10 cents.
Speak on 20/6/2022 3.52pm.

Posted by smartmove100 > 2022-06-20 15:57 | Report Abuse

10sen. 5-8sen likely too..

Posted by Shines > 2022-06-21 14:25 | Report Abuse

I am looking at 12 sen

Posted by MamakKutty > 2022-06-21 15:40 | Report Abuse

slow and steady, inching towards your target.

Posted by Shines > 2022-06-26 17:27 | Report Abuse

I am waiting at 12 sen, throw first then only rebound la

Posted by bullmarket1628 > 2022-06-28 11:51 | Report Abuse

Super good news !
Parliament will dissolves by end Sept 2022 and GE15 is on Nov 2022

For those who still haven’t grab any cheap stocks, please faster grab any of it before too late !
If not, later don’t just sit there and see all of us here making tonnes of profits ya !

Heng ah, Ong ah, Huat ah !

Posted by smartmove100 > 2022-07-08 15:34 | Report Abuse

falling 10sen below.. next

Posted by citadel888 > 2022-07-13 09:25 | Report Abuse

heng a ong a Huat a