There is always light at d end of d tunnel in everything. We may b down but not out. Better than putting ur $$ in genting or investing in get rich schemes only to lose everything. At least stocks could have a high chance to recover. Yes, acknowledged past 2 wk was hell for me. Hope it will go back to 200 days sma. Cheers
Whether OPEC cut or not, it will not affect oil price ... it is the American and the European wanted to see a low oil price regime as long as ISIS remains a threat ! One of the effective way to cripple ISIS is to depress the oil price and make them bankrupt ...
If anyone expects Saudi Arabia to cut production and to shore up price, that's a lunatic idea. Saudi cost of production is US$20/bbl and they will be the last to be hurt by the current price @ US$75/bbl. Why they want to be a champion when they don't have to ...
If anyone believe a cut of production will revive KNM, that's even beyond logic ! Wake up everyone
Don't worry, we are near the bottom...buy at current levels and keep for 1 year sure better than FD....
China is expected to cut their interest rates further or even reduce the RRR and the demand for commodities are expected to rise with more more economy improvements coming from India, Europe and Japan going forward, commodity counters surely are the best bet at such low prices for 2015 and beyond
KNM has a habit of putting a lot of profit for the "unaudited" quarterly account and will surprise you when the final audited numbers come out next year, check their previous record friends ... what more they want are going through a corporate exercise, sure give innocent shareholders some sweets one ... then they kena, then they know ...
boleh bla ka tak boleh bla ini KNM? aku ada rembat skit td.... but i think just contra player dispose ni, then it will go and test rm0.67 back... or at least rm0.65....
The slide in price has been a result of concern over falling oil price due to competition from shale oil in US , but oil price will not drop forever.The production cost of shale oil is higher, and " much of shale boom is sustained by borrowed money". " There is no doubt that you will see a lot of people who are vulnerable, especially those smaller players who do not have deep pockets, and are already deep in other people's pockets"
3 quarters net profit was RM41m and annualized net profit should be RM55m. Give them 15x PE, KNM market cap should be RM825m (RM55m x 15PE). KNM issued shares are about 1.8bil, so the price per share should be 46sen.
Fundamentally, this stock still overvalued. At current 61sen, this counter is trading at 20X PE.
If everyone literally calculate like that without factoring such as the it's current projects and business prospect, then fundamental analysis sudah lama tak boleh pakai in business world.
giving KNM 15X PE already given them 15 years of benefit that the company can generate the same profit with the current projects and business prospect ....
If you think KNM worth 30x PE, then Dialog, Sapura Kencana, Coastal, Sumatec, WahSeong should all double the price today because they all follow the industry average at 15x PE now.
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....
simon84
7,147 posts
Posted by simon84 > 2014-11-24 17:08 | Report Abuse
@share888 the QR may release by 28th Nov 2014 (this friday)
http://www.bloomberg.com/quote/KNMG:MK