as long buyer always exceed seller in daily trading>and volume maintain>we can stay and play knm>if not better get out.this moment knm still maintain volume >buyer still exceed seller>the price will based on buyer and seller
KNM is a company with global brand. It is renowned as a well diversified group of companies with its core business in process plants, modules and O&M equipment, process technologies and engineering, plant services and turnkey systems provider for the oil, gas, petrochemicals, minerals processing, desalination, renewable energy, chemicals, steam generation, power and environment industries.
“In the oil and gas sector, among projects to be undertaken by Petronas include the Sabah Ammonia Urea Project (SAMUR) in Sipitang; the integrated oil and gas production development project in Kebabangan; the regasification plant project in Lahad Datu, Sabah; and RAPID in Pengerang, Johor, which is the largest investment in Malaysia,” PM NAJIB said when tabling the Budget 2014 in Parliament...
Hmmm...just thinking out loud...How would the market re-rate KNM when above projects kicks off in the near future ...from 2014 onward and beyond....??? Has the KNM share price started to factor in the business possibilities of KNM for the above Oil & Gas projects...???
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.485 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
dear sifu tsurukame, we can not deny that KNM is the global brand in O & G sector with all the know-how, technologies, scales etc. But the question is in their order book we can hardly see any order awarded by PETRONAS!!Correct me if I am wrong sifu cos I am new. Further all the projects sifu mentioned are local, does KNM ready to bid with the PETRONAS License??
I think Chris, its nit this recent project awarded. KNM rose for few days already. I read in the edge about O&G fabrication tenders or awards I think last week. That may have been the catalyst, but it remained no concrete news to me yet.
Other than that, another lead could be iinsiders know about listing news already. Buying was in volume last week. Remains hearsay to date
Based on buying momentum for KNM since its breakout from 200 days MA on Monday, Nov 11 2013, my take is there is slow but steady accumulation over the past few consecutive days...as long as price stays range bound...accumulation is taking place...
Knm needs borsig and peterbgh to shoot.These 2 need financing.These come from sgx borsig listing.Sgx needs good record and performance for listing.In order to look good or better knnm sold failing Brazil plant..will look better on paper next quarter.Borrow money from bank to help out.In my opinion next quarterly report will show small profit but not good enough for sgx listing.But will share rise maybe..shoot no...well that is my opinion for u to share.I quit..good luck to the survivors.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
asriruslan
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Posted by asriruslan > 2013-11-15 10:34 | Report Abuse
as long buyer always exceed seller in daily trading>and volume maintain>we can stay and play knm>if not better get out.this moment knm still maintain volume >buyer still exceed seller>the price will based on buyer and seller