Posted by ambani > 2014-01-23 17:15 | Report Abuse

Same old story.

Posted by Mowwwa > 2014-01-23 17:32 | Report Abuse

me just watch

Posted by OngLiao99 > 2014-01-23 17:39 | Report Abuse

I won't be suprised that the next announcement made is a big debt restructuring. Last financials 1) $1.4b capatilized in their balance sheet as Goodwill and intangible assets. This is up by RM90M frm 1 year before.
2) $700M in short term debt
3) WIP/unbilled orders of $390M
4) Receivables up by RM80M, cash down.
5) New EU220M loan, note the financing cost would hit the books from Q1. MYR weakening meaning more Fx loss.

If this was my company, I won't privatise. Best to issue rights with bonus shares and free warrants as sweetener. They have enough in the reserves for it. ;)

Posted by yifie_911 > 2014-01-23 17:53 | Report Abuse

KO, perfectly...Match its style...

Posted by yungshen1 > 2014-01-23 18:28 | Report Abuse

dun panic frist.this courter many foreign fund hold.they will goreng it soon.we just wait and see

Posted by Terry Sinclair > 2014-01-23 18:49 | Report Abuse

this goreng thing is getting on my nerves.Many like me been deceived.I sold at a loss today again.At least I dont to worry about this share,I once said my close contact informed about knm being good this year.What he actually meant was Gen Lee was doing restructuring and predicts a brighter 2014.That may not necessarily be true.This is the kangkung truth.

Posted by kcchongnz > 2014-01-23 19:38 | Report Abuse

Posted by OngLiao99 > Jan 23, 2014 05:39 PM | Report Abuse

I won't be suprised that the next announcement made is a big debt restructuring. Last financials 1) $1.4b capatilized in their balance sheet as Goodwill and intangible assets. This is up by RM90M frm 1 year before.
2) $700M in short term debt
3) WIP/unbilled orders of $390M
4) Receivables up by RM80M, cash down.
5) New EU220M loan, note the financing cost would hit the books from Q1. MYR weakening meaning more Fx loss.

If this was my company, I won't privatise. Best to issue rights with bonus shares and free warrants as sweetener. They have enough in the reserves for it. ;)

Debt restructuring (read getting money from shareholders again and again and again) is inevitable looking at its balance sheet and cash flow.

Privatize the company? General Lee acquires the company with poor quality, little or none at all assets, and using his own money to pay off its humongous debts, and then hold the hot potato himself? General Lee is really really really good to the minority shareholders then.

Oh yeah! freebies again in free warrants and bonus issues!

Posted by yungshen1 > 2014-01-23 20:52 | Report Abuse

master kchongnz gambateh

Posted by KAHFIEHLAI > 2014-01-23 21:26 | Report Abuse

kenamakan...

Posted by speakup > 2014-01-23 23:07 | Report Abuse

knm all eyes on borsig listing.

Posted by yungshen1 > 2014-01-24 07:49 | Report Abuse

let say insas from 0.390 can goreng to 0.950.anything can happen

Posted by yungshen1 > 2014-01-24 07:49 | Report Abuse

malton from 0.400 goreng to 1.000

Posted by yungshen1 > 2014-01-24 07:53 | Report Abuse

similiar to knm from 0.390 goreng to how high .we also dun know

Posted by tnaplus4 > 2014-01-24 08:24 | Report Abuse

Today should close above 0.56 and ready for another round of push next week to hit 0.6. This counter should do well this year. Those who are willing to hold will reap the reward.

Posted by nicky > 2014-01-24 08:36 | Report Abuse

below RM0.50 today

Posted by TAFA > 2014-01-24 08:36 | Report Abuse

steel fabrication business is very tough..if you get big contract doesn't mean big profit..it very much depend on the skill of the contract team and costing..it very often that they cannot see the complexity of the project.when the project kick in the budget will burst..

Posted by asriruslan > 2014-01-24 09:14 | Report Abuse

KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. Furthermore, the next resistance level is quite far at 0.61.

Posted by asriruslan > 2014-01-24 09:15 | Report Abuse

still in uptrend mode>bullish

Posted by asriruslan > 2014-01-24 09:19 | Report Abuse

let klci finish correction first>knm will swing back >smile

Posted by 31153115 > 2014-01-24 09:22 | Report Abuse

compare perdana from lowest to highest of 1.70, the news behind worst than KNM

Posted by asriruslan > 2014-01-24 09:24 | Report Abuse

ok u got it>knm still cheaper

Posted by asriruslan > 2014-01-24 09:24 | Report Abuse

knm have a lot of share>will rise slow and steady

Posted by asriruslan > 2014-01-24 09:25 | Report Abuse

buy and keep to maximize profit

Posted by asriruslan > 2014-01-24 09:30 | Report Abuse

waiting a good time to collect another more

Posted by 31153115 > 2014-01-24 09:56 | Report Abuse

index below 1800 level, may go further south, be alert!!!

Posted by vncntpang > 2014-01-24 09:58 | Report Abuse

come on....knm not that good to hold long. only fit to play short & contra term!!

Posted by asriruslan > 2014-01-24 09:59 | Report Abuse

that is good thing klci should make correction>klci indeks still high>that why foreign sell

Posted by 31153115 > 2014-01-24 10:01 | Report Abuse

asri, til what level you think it will retreat???

Posted by asriruslan > 2014-01-24 10:03 | Report Abuse

i think klci suppose drop until 1750 that is reasonable for our market

Posted by asriruslan > 2014-01-24 10:04 | Report Abuse

but i i think our institution will support 1800>that why market still hang arround

Posted by 31153115 > 2014-01-24 10:06 | Report Abuse

but bank counter weight cause the drop!!!Anyway, its good if it down to 1750 again, hehehe time to collect!!!

Posted by 31153115 > 2014-01-24 10:08 | Report Abuse

yeh, reputation ma, if he still got any!!!

Posted by Terry Sinclair > 2014-01-24 10:12 | Report Abuse

going up today..bought some to recover losses.

Posted by asriruslan > 2014-01-24 10:14 | Report Abuse

dont woory knm will recover back ur lose just be carefull

Posted by kerengga > 2014-01-24 10:16 | Report Abuse

less contra player to throw today..hope to recover drastically...=)

Posted by asriruslan > 2014-01-24 10:19 | Report Abuse

volume still low>if maintain the whole day like this trading > next week knm shoot again

Posted by Terry Sinclair > 2014-01-24 11:53 | Report Abuse

Not ready yet..sold off with minimal change..no signs yet to accumulate.

Posted by nighthood > 2014-01-24 12:13 | Report Abuse

still in the game.

Posted by asriruslan > 2014-01-24 12:25 | Report Abuse

KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. Furthermore, the next resistance level is quite far at 0.61.

Posted by psd57 > 2014-01-24 12:29 | Report Abuse

Afternoon surprise ang pow from KNM. Not to worry. Insider Info.

Posted by yungshen1 > 2014-01-24 13:38 | Report Abuse

psd57 where do u get information insider news

Posted by popo > 2014-01-24 14:22 | Report Abuse

psd57, surekah, don't let us song-song, finally down also.

Posted by ZenJane > 2014-01-24 14:31 | Report Abuse

Yes ..next target 0.61..

Posted by psd57 > 2014-01-24 14:42 | Report Abuse

afternoon angpow liao....

Posted by ambani > 2014-01-24 14:43 | Report Abuse

Psd57, your insider info very accurate . Where did your get the info? Mind sharing with us?

Posted by wanttowin > 2014-01-24 14:49 | Report Abuse

it has to break the 0.565 barrier first, then next will be 0.60.

Posted by Terry Sinclair > 2014-01-24 14:58 | Report Abuse

I m gonna stay away from this one.Its a last minute angpow goreng.Dont want to make another mistake.

Posted by psd57 > 2014-01-24 15:08 | Report Abuse

wanttowin : How do u read its TA now. Thks

Posted by psd57 > 2014-01-24 15:26 | Report Abuse

BREAKOUT AFTER LUNCH. ENJOY THE SHOW...

Posted by wanttowin > 2014-01-24 15:30 | Report Abuse

TA still show bullish, but as you know, stock price is highly manipulated by buaya, hard to say.