Yes. The renewal energy will start harvesting at 3 quarter this year. Buy and keep for longer term if u want to earn more. U better hope oil price continue improve day by day. KNM has order book up to 5bil.
Business News Home > Business > Business News Saturday, 23 July 2016 KNM rides on green energy
BY CECILIA KOK
Recurring income stream: The first phase of KNM’s bio-ethanol plant in Thailand will be coming onstream in the fourth quarter of this year. The first phase of this project, which comes with a daily capacity of 200,000 litres, will contribute to about 15-20 of its bottom line for the financial year ending Dec 31, 2017. Recurring income stream: The first phase of KNM’s bio-ethanol plant in Thailand will be coming onstream in the fourth quarter of this year. The first phase of this project, which comes with a daily capacity of 200,000 litres, will contribute to about 15-20 of its bottom line for the financial year ending Dec 31, 2017.
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GREEN is the new black for KNM Group Bhd.
The oil and gas (O&G) downstream player, which specialises in process-equipment manufacturing, is rewriting its growth story by transforming into a renewable energy major.
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And it is optimistic that it will begin to reap the rewards of its business transformation plan once its first renewable energy project – a 72%-owned bio-ethanol plant in Thailand – kicks off in the fourth quarter of 2016.
“Now, we see the ‘fruits’ hanging, ready to be plucked; and we expect to start plucking them by the end of this year,” says KNM chief executive officer Lee Swee Eng.
Lee tells StarBizWeek that with the first-phase of the group’s bio-ethanol project in Thailand, which comes with a daily capacity of 200,000 litres, coming on stream next quarter, the renewable energy sector will account for 15% to 20% of the group’s earnings for the financial year ending Dec 31, 2017.
That is an income of at least RM15mil per year.
According to Lee, contributions from the new business to group’s earnings will progressively grow, as KNM still has the second phase of the Thai bio-ethanol project and the first phase of its 80%-owned waste-to-energy plant in Peterborough, UK, in the pipeline for commissioning in 2018.
“We expect the renewable energy business to account for 30%-40% of our group earnings in 2018, and by the next five years, this portion will grow to 70%,” Lee says.
Wow.. something wrong with this stock.. agree with callme7... i monitored the sell transaction yesterday. Keep on selling with low volume(27lots). Unluckily i averaged this stock at 0.446..
死馬 need to deliver at least one good quarter results baru boleh goreng up , else will back to original, investors already lost too much on it , from 4 share merged into 1 with 2.xx then back to 0.4.
This stock potential on chart, thats why im buying. I checked fa, also well done. But i dont have any idea why it cant boom up.. everything good, or maybe i miss some other bad thing on this stock.
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....
franky65
160 posts
Posted by franky65 > 2016-08-15 18:11 | Report Abuse
hope it goes further......