OTHERS MATERIAL CONTRACT BY THE COMPANY'S ("KNM") WHOLLY-OWNED SUBSIDIARY, KNM PROCESS SYSTEMS SDN BHD IN RESPECT OF PENGERANG INTEGRATED COMPLEX ("PIC") PROJECT
KNM GROUP BERHAD
Type Announcement Subject OTHERS Description MATERIAL CONTRACT BY THE COMPANY'S ("KNM") WHOLLY-OWNED SUBSIDIARY, KNM PROCESS SYSTEMS SDN BHD IN RESPECT OF PENGERANG INTEGRATED COMPLEX ("PIC") PROJECT
On July 25, 2014, SINOPEC Engineering (Group) Co., Ltd. (“SEG”) received a Letter of Award (“LOA”) from PRPC Refinery And Cracker Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad (“PETRONAS”), with respect to an engineering, procurement, construction and commissioning contract of one package of an oil refining and petrochemical integrated engineering project (“Contract”). The relevant parties are in the process of finalizing and executing the Contract. The contract value is expected to be approximately USD 1.329 Billion.
KNM Process System Sdn Bhd (“KNMPS”) has been cooperating with SEG on the bidding process and it has been agreed that KNMPS is a selected subcontractor to SEG for the execution of the Contract.
None of the directors of KNM has any interest in the Contract.
hore...!! SEG got contract,where the subcon is knm, as i said earlier, knm is one of the main contractor for equipment fabrication..where is the guy who said that knm was being kicked out from the bid?? totally crap...
fellow supporters. dont get too excited. news might already been factored in since 0.70 nevertheless this shows knm is on road to recovery n back on radar. more good stuff to come. no more goreng stock. it will be a growth stock.
To capitalise on the RAPID theme, our top pick is KNM (BUY: TP:RM1.35). Our TP have not factored in value from EnergyPark Peterborough yet. Phase 1 (23% of total 80MW) will add RM0.39 to our TP.
Source: Hong Leong Investment Bank Research - 7 Aug 2014
He is probably laughing his head off because u guys r so gullible! Come on guys, wake up. This is a forum/cum chat room like any other. For every ten who says KNM will go north there will be an equal number who will say it will go south. At the end of the day, just have fun and let your heart decide when to buy and sell... don't blame or curse anyone who gave his/her 2 cents worth.
with this project. i believe knm has established a stable foothold. hopefully we will see a stable growth in the future. congratulations to all knm supporters. the darkest hour is over.
he should be crying becoz his reverse psyco didnt work..cmon guys, do not be childish. .and be mature..is it nature of you people, telling lies in order to get profit?? opss..perhaps they think, with those money they could bribe their god in the grave yard...aiyooo..!!
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....
kangcs
805 posts
Posted by kangcs > 2014-08-07 09:06 | Report Abuse
wow