Lady and Gentlemen, to all the supporter and investor of KNM stock, I am would like to share my point of view for this potentially high growth stock.
1. First of all, the fund manager from BlackRock and State Street Corp had transacted some share in KNM earlier this year. And recently our EPF fund manager have been accumulated almost 6% of KNM and becoming one of the largest shareholder. These 3 funds manager are not ordinary people, they definitely have done the research and they could see the future value of KNM after it cooperates restructuring and debt refinancing.
2. Secondly, the management of KNM Group, especially the CEO Lee Swee Eng as far as I know he is the type of workaholic person. I am very confident that with his leadership credibility he could further grow the company to become one of the top oil and gas services firm in this region.
3. Borsig, which KNM bought for RM1.67bil in 2008, had become one of the core businesses for KNM Group. It is just the matter of time KNM will consider to unlocking the intrinsic value in BORSIG when the time is right. The Borsig Germany had been for 177 years since 1837, producing high quality products and innovative services to the customers from all over the world. It produce pressure vessels, heat exchangers, compressors and the trend-setting membrane systems at the cutting edge of technology stand up uncompromisingly in use for the oil and gas, power plant and petrochemical industrial.
4. Another cooperate diversification strategy, the Renewable Energy in the development of the 80 MWe Waste to Energy Project in Peterborough, England. With this development, KNM could have generated recurring income from the Energy Park in Peterborough which is expected to start by end of this year.
5. Lastly, the contract awarded from RAPID project will keep KNM busy for the next 3 years. From the 1st Quarter 2014 results, EBITDA for Asia & Oceania is only contributing RM 6.1 million as compare to Europe RM 56.4 million. With the contract from RAPID project, I am sure the revenue and profit from Asia & Oceania region could significantly improve the bottom line of the KNM Group.
6. KNM Group is on the track of recovery from the past due to the loss operation in Brazil and huge financial cost. To venture into oversea market is very subject to the environmental risk in that particular country; especially when you need the right people to do the right job for you.
7. Now; the CEO Lee had restructuring the business, KNM Group shall be back to it glory time again. It is time the result of the company proven the capability of the management to bring back the confident to the investor. The Target Price set by HLG and Maybank of RM 1.35 and RM 1.50 could be realizing in the near term. But for the long term I believe KNM could go beyond RM 1.50 per share.
Type of transaction Date of change No of securities
Price Transacted (RM)
Acquired 13/08/2014 150,000
Circumstances by reason of which change has occurred Acquisition of shares by EPF/EPF's portfolio manager Nature of interest Direct Direct (units) 97,300,400 Direct (%) 6.03 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 97,300,400 Date of notice 14/08/2014
KNM should tell the truth... there is not such thing as 'selected' subcontractor for Package 2. Stop cheating the investors! ---------------- Maybank Kim Eng Research maintained its "BUY" call on KNM with a target price of RM1.50 supported by KNM's status as one of the selected sub-contractors for package two of Rapid. ----------------
yeah. that is absolute fraud. zhm540 can you please start legal proceedings based on all the important findings you have gathered so far against this unscrupulous company. We all small investors will bring them to High Court.
Posted by zhm540 > Aug 19, 2014 12:08 PM | Report Abuse KNM should tell the truth... there is not such thing as 'selected' subcontractor for Package 2. Stop cheating the investors! ---------------- Maybank Kim Eng Research maintained its "BUY" call on KNM with a target price of RM1.50 supported by KNM's status as one of the selected sub-contractors for package two of Rapid. ---------------- LOL wah zhm540 u still dare to be around ah? why delete all your previous KNM post? maybe u and General Lee should both tell the truth :)
What truth you want KNM to tell you? Sinopec got the 1.3 billion project and KNM is the selected vendor that join the bidding with Sinopec. Imagine Sinopec just obtain the project from PETRONAS, for sure they need sometime to prepare documentation and start procurement. Once procurement start, they will issue Letter of Award to KNM for the engineering & fabrication. Thus, we are still waiting KNM announcement for the big contract in. Just wait, as all of us know is this a confirm contract. Just buy whatever you can when price is low. Just whack the KNM-CM and for sure this will double up and return you with handsome profit. Let's see.
You can't expect a rally every time we bought. The high volume means investors are accumulating & wait until all those penny stocks start major correction. Buyers will start concentrating in second liners
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....
Fei HK
151 posts
Posted by Fei HK > 2014-08-16 21:08 | Report Abuse
Aug 28 should hv result