Posted by Beleng Ng > 2015-10-22 00:04 | Report Abuse

DETAILS OF THE PROPOSED PLACEMENT

As at 20 October 2015, being the latest practicable date prior to the date of this
announcement (“LPD”), the Company has an issued and paid-up share capital of
RM969,468,834 comprising 1,938,937,667 ordinary shares of RM0.50 each (“Shares”)
(excluding 23,301,275 treasury shares).
Based on the above, the Proposed Placement will entail the issuance of up to 193,893,700
Shares (“Placement Shares”), representing approximately 10% of the issued and paid-up
share capital of the Company.

Pricing of the Placement Shares
The issue price of the Placement Shares shall be determined and announced by the Board at
a later date (“Price Fixing Date”) after receiving the relevant approvals for the Proposed
Placement and after taking into consideration, inter alia, prevailing market conditions and the
provisions on pricing under Paragraph 6.04(a) of the Main Market Listing Requirements of
Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”) as follows:
(i) at a discount of not more than 10% to the five (5)-day volume weighted average price
(“VWAP”) of the Shares immediately prior to the Price Fixing Date; or
(ii) the par value of the Shares of RM0.50,
whichever is higher

Judging from the pricing (i) & (ii) above, minimum placement price should be RM0.50 / share.

Posted by ken75SHG > 2015-10-22 00:10 | Report Abuse

Oil down -2.3%

Posted by nchan > 2015-10-22 08:14 | Report Abuse

any expert can explain the effect of proposed placement?

Posted by nchan > 2015-10-22 08:32 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/10/21/KNM-proposes-share-placement-to-repay-borrowings-and-fund-projects/?style=biz should be good news.

Posted by hng33 > 2015-10-22 09:02 | Report Abuse

Project 1: Solid Waste Modular Advanced Recovery and Treatment Systems Waste Management Solutions Project (“SMART WTE System”) in Malaysia
Commission date: 4thquarter of 2015
Duration: 2.5 year
Contract value: RM133.0m

Project 2: Pengerang Integrated Petroleum Complex (“PIPC”)
Commission date: 4thquarter of 2015
Duration: 2.5 year
Contract value: USD42.0m (RM 181m)

Project 3: Waste to Energy at Beddington Lane, Croydon, Unite Kingdom GBP88.
Commission date: 4thquarter of 2015
Duration: 2.5 year
Contract value: GBP88m (RM 572m)

Posted by Kuanyee Saw > 2015-10-22 09:27 | Report Abuse

hng33, may i know where u get so many of news regarding knm?

Posted by hng33 > 2015-10-22 12:27 | Report Abuse

Bought last batch of KNM at 52.5sen, averaging holding cost

Posted by hng33 > 2015-10-22 12:46 | Report Abuse

Kuanyee Saw

I extract the infro from KNM bursa announcement

Posted by Kuanyee Saw > 2015-10-22 14:54 | Report Abuse

oh..tq..but knm share price seems dropping...

Posted by Yee Ming Yeo > 2015-10-22 15:11 | Report Abuse

The share price drop after the announcement 10% of placement shares...is this a bad news?? Or because of the crude oil price dropping? Can somebody explain?

Posted by 1009 > 2015-10-22 15:33 | Report Abuse

Below 0.48 or lower baru eat back

Posted by hng33 > 2015-10-22 15:37 | Report Abuse

Yee Ming Yeo

KNM although is oil and gas stock, but in actual KNM business is on downstream section of the oil and gas mainly is integrated systems design and engineering, international procurement, manufacture of process equipments for the oil, gas and petrochemical industries.

Therefore, crude oil slump will have greater impact on upstream oil and gas involve in offshore vessel and support, exploration, grill etc due to cut in capex and reduce news oil exploration. The impact have indirect and less impact on downstream as petrochemical hub and refinery facility still needed to deliver end petrol product to user.

Aside involve in downstream oil and gas, KNM also have diversify into renewable energy sector, waster to energy in UK and biomass to ethanol in Thailand

The fund raising through private placement is to pare down borrowing, further reduce gearing from 0.35x to 0.29x and provide initial working capital to commence above 3 newly secure project. Stock react negatively due to fear of dilution earning in short term due to enlarge share volume base, but in long term KNM can benefit from reduce borrowing cost, reduce gearing and strengthen balance sheet to secure more project. The private placement price is based on not more than 10% discount to market price or MINIMUM 50sen, which is not far from current price now.

Posted by 1009 > 2015-10-22 16:05 | Report Abuse

Strong tipu placement 0.50sen la...
More have got upside sell liao..
Now focus shoot below 0.50 lower to buy back lo...
U can watchlist this few day , laoqian sytle..

Posted by hng33 > 2015-10-22 16:53 | Report Abuse

Closed unchanged at 53.5sen :D)

Posted by peter123 > 2015-10-22 17:41 | Report Abuse

Oil will go down below 45, be cautious!

Posted by hng33 > 2015-10-22 19:49 | Report Abuse

Crude oil now up near to 49

Posted by Steven Lau > 2015-10-22 19:56 | Report Abuse

where u saw?
just 45 plus only

Posted by hng33 > 2015-10-22 20:31 | Report Abuse

Brent crude oil 48.83, is oil price for Asia and European oil market. 
U.S. light oil 46.10 is oil price for Notth, South American market

Posted by OKhit Ng > 2015-10-22 20:54 | Report Abuse

will buy back below 0.48 sen

Posted by Beleng Ng > 2015-10-22 21:02 | Report Abuse

http://www.investing.com/commodities/crude-oil

Posted by sbzk > 2015-10-22 21:35 | Report Abuse

nothing to do with oil prices, contract already got in the bag. worth how much, go calculate yourself.

Posted by kayza > 2015-10-22 22:48 | Report Abuse

mixed feeling faststo going down. maybe can buy back at .50/.51

Posted by jones83 > 2015-10-23 08:47 | Report Abuse

patient......just get contract but need time to complete. Hold for long term!!!

Posted by Bullhunter > 2015-10-23 08:59 | Report Abuse

This stock has a tendency to move up very fast , about 10 cents in a day!

Posted by samtanwc > 2015-10-23 09:27 | Report Abuse

Up Up Up

Posted by carilembu > 2015-10-23 10:16 | Report Abuse

HLG rekomen buy for this counterb. boleh beli sebelum olang main mcm xox

Posted by carilembu > 2015-10-23 10:16 | Report Abuse

manyak slow naik perlu viagra

Posted by mimie08 > 2015-10-23 10:31 | Report Abuse

xox perform giler

Posted by hng33 > 2015-10-23 10:35 | Report Abuse

Sold KNM at 54sen, realize all contra gain and free up capital first

Posted by nomanland > 2015-10-23 10:47 | Report Abuse

Interesting...... every year buy back.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?company=7164&category=SB&sub_category=all&alphabetical=All

1 27 May 2015 KNM GROUP BERHAD Notice of Shares Buy Back by a Company Pursuant to Form 28A
2 22 May 2015 KNM GROUP BERHAD Notice of Shares Buy Back Immediate Announcement
3 09 Dec 2014 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
4 01 Dec 2014 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
5 11 Jun 2014 KNM GROUP BERHAD Notice of Shares Buy Back by a Company Pursuant to Form 28A
6 30 May 2014 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
7 10 Dec 2013 KNM GROUP BERHAD Notice of Shares Buy Back by a Company Pursuant to Form 28A
8 03 Dec 2013 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
9 18 Jun 2013 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
10 05 Jun 2013 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
11 05 Dec 2012 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
12 23 Nov 2012 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
13 13 Mar 2012 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
14 02 Mar 2012 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
15 05 Sep 2011 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
16 24 Aug 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
17 14 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
18 09 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
19 07 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
20 04 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
21 03 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
22 02 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
23 02 Mar 2011 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
24 24 Feb 2011 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
25 20 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
26 07 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
27 07 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
28 06 Sep 2010 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
29 08 Jun 2010 KNM GROUP BERHAD Notice of Shares Buy Back by a Company pursuant to Form 28A
30 01 Jun 2010 KNM GROUP BERHAD Notice of Shares Buy Back - Immediate Announcement
.........

Posted by ltspromar > 2015-10-23 11:21 | Report Abuse

Buy th heavy,tdm

Posted by Yee Ming Yeo > 2015-10-23 11:40 | Report Abuse

Thx Hng33 for the info given...very helpful.

Posted by hng33 > 2015-10-23 12:03 | Report Abuse

Sold off all KNM at 54.5sen, realize all paper profit, free up all capital back

Posted by LaoLiu > 2015-10-23 12:38 | Report Abuse

Hopefully KNM will breakthrough 0.550..as mostly all others Oil n Gas counters following its footstep.

Posted by Bullhunter > 2015-10-23 15:33 | Report Abuse

gaining momentum, high volume, going to push up soon....

Posted by Bullhunter > 2015-10-23 15:38 | Report Abuse

Chart shows high tendency of push up.

Posted by strategisst > 2015-10-23 18:29 | Report Abuse

...very tight...waiting to burst...

Posted by ken75SHG > 2015-10-23 18:53 | Report Abuse

If today DJ n oil closed green, Monday showtime....

Posted by JoshuaMS7 > 2015-10-23 22:28 | Report Abuse

DJ green but oil price red!

Posted by nomanland > 2015-10-24 08:10 | Report Abuse

http://www.theedgemarkets.com/my/article/hlib-research-remains-neutral-og-sector

KUALA LUMPUR (Oct 23): Hong Leong Investment Bank Research is maintaining its "neutral" call on the oil and gas (O&G) sector, given Budget 2016's focus on ongoing projects undertaken by Petroliam Nasional Bhd (Petronas).

"As expected, there were no O&G mega projects or awards announcement during the budget," said HLIB Research's O&G analyst Jason Tan Yat Teng, in a note to clients today.

"The allocation of RM18 billion investment is in line with expectation, given the total investment of whole Refinery and Petrochemical Integrated Development Project (RAPID) in Pengerang, Johor is RM88.6 billion over five years," he added.

He noted that the RAPID project with total investment of RM69 billion, is expected to create more than 10,000 job opportunities.

"We expect to see continued contract newsflows on engineering, procurement, construction and commissioning (EPCC) subcontract jobs for refinery plants and EPCC packages for petrochemical complexes, liquid natural gas (LNG) regasification plant and associated facilities," he said.

Given Petronas’ continued effort to reduce capital expenditure (capex) and operating expenditure (opex), amidst the low oil price environment, Tan expects to see more jointly-owned and operate model to be awarded to service providers, to share the capex burden with Petronas.

According to Tan, the main beneficiaries are KNM Group Bhd (fundamental: 0.85; valuation: 1.7), Dialog Group Bhd (fundamental: 2.5; valuation: 1.1), Muhibbah Engineering (M) Bhd (fundamental: 1.1; valuation: 0.8) and Pantech Group Holdings Bhd (fundamental: 1.3; valuation: 2.4).

He added that downstream players such as Dialog, Petronas Chemical Group Bhd (fundamental: 2.1; valuation: 0.5) and Petronas Gas Bhd (fundamental: 3.0; valuation: 1.7), will be the long term beneficiaries.

In tabling Budget 2016 earlier, Prime Minister Datuk Seri Najib Razak had announced the Goods and Services Tax (GST) relief on the re-importation of equipment for oil and floating platforms that are temporarily exported for the purpose of rental and leasing.

Commenting on this, Tan said the supply related to upstream and downstream activities are still subject to GST at a standard rate of 6%, if they are supplied locally (including to offshore).

"Meanwhile, exportation of crude oil, condensate and gas, is zero rated. However, O&G service providers are able to claim input tax credit," he said.

Nevertheless, he said the move has a positive impact on the working capital changes.

Posted by sbzk > 2015-10-24 16:06 | Report Abuse

http://www.nst.com.my/news/2015/10/gst-relief-og-sector-will-boost-downstream-businesses

Posted by Machho > 2015-10-24 22:57 | Report Abuse

Oils up, it will up, simple as that, tp 0.80

Posted by Steven Lau > 2015-10-26 21:47 | Report Abuse

oil drop like no tomorrow !

Posted by Mega3 > 2015-10-26 21:51 | Report Abuse

Oil slowly towards 30......China is slowing, Iran open up oil export in Jan 2016....

Posted by LaoLiu > 2015-10-27 12:42 | Report Abuse

Any low from now is a good to buy.

Posted by Drago Tian > 2015-10-27 16:36 | Report Abuse

Lari macam nampak hantu hari ni

Posted by 123abc > 2015-10-27 17:40 | Report Abuse

Just bought @ 0.535 today. What is the best price to sell?

Posted by 1009 > 2015-10-27 18:36 | Report Abuse

Wait can got eat in below 0.48 ma?

Posted by nomanland > 2015-10-27 19:48 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4903709

Announcement
Subject OTHERS
Description

Letter of Award of EPCC Contract by Cypark Sdn Bhd to SHK Consortium (the consortium comprising of KNM Process Systems Sdn Bhd and Hitachi Zosen Corporation) amounting to approximately RM268.38 million

Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcement dated 28 August 2015 in relation to the SMART WTE System or Project.

Further to the Company’s announcement on 28 August 2015, the Company is pleased to inform that its wholly owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”) via “SHK Consortium” (being the Consortium formed between KNMPS and Hitachi Zosen Corporation of 7-89 Nanko-kita 1-chome, Suminoe-ku, Osaka 559-8559, Japan) have signed the definitive Contract Agreement on 26 October 2015 with Cypark Sdn Bhd (“Cypark”) - to undertake Engineering, Procurement, Construction and Commissioning (“EPCC”) works in respect of the Solid Waste Modular Advanced Recovery and Treatment Systems Waste Management Solutions (incorporating Waste-to-Energy Systems) at Ladang Tanah Merah, Negeri Sembilan, Malaysia (“SMART WTE System” or “Project”).

The total EPCC Contract Price of about RM268.38 million comprises the following:

(a) offshore portion for the EPCC Works in the sum of JPY3.8938 billion (equivalent to about RM135.38 million) only; and

(b) onshore portion of the EPCC Works in the sum of RM133.0 million only.

This announcement is dated 27 October 2015.

Posted by nomanland > 2015-10-27 21:18 | Report Abuse

http://oilprice.com/Energy/Crude-Oil/US-Oil-Imports-On-The-Rise-Once-More.html