Initiate BUY and a MYR1.00 TP, pegged to 13x FY15 PER, comparable to the average PER valuation for small- to mid-cap O&G peers. The risk-reward outlook is improving for this stock. Most of the negatives have been priced in. The downside potential is limited. This stock fits the profile of a recovery stock, evidenced by the refinancing exercise and the Brazil exit strategy. Moreover, there is further upside to earnings for our forecasts exclude upside potential from RAPID and Peterborough projects.
My friend ask me a very funny question if tomorrow mr lee going to announce we get rapid project and Peterbrough project is runing ady...wat will happen to knm
http://www.knm-group.com/newscoverage/2010_pdf/TheStar-22December10.pdf this news? in 2010? they are going to use the same method to ask ppl buy share to those private share can be sell away and accumulate fund to pay the interest. after few months then said.... this project is still waiting.... and need to right issue to prepare fund this project? this method repeat and repeat agian. =_=
KNM may climb after holding above the 100-day MAV line. Traders may buy if the stock stays above MYR0.78, with a close below MYR0.75 as a stop-loss. The price target is MYR0.90 if the MYR0.85 resistance is broken. However, note that the stock could trend lower if it fails to stay above MYR0.78, while support is at MYR0.70.
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....
power85
20 posts
Posted by power85 > 2014-06-05 12:15 | Report Abuse
Hope afternoon will be another show time..0.81