O&G counter seems like not performing since last week. Wait & See. We must have holder power on this counter. Force selling at current moment will generate more losses instead of profit.
Increasing debt by RM300+ million. What sort of collateral are they giving for the guarantee by Asia Development Bank? How risky is this bio-ethanol biz?
ya confuse, seem nothing one , but see tomorow share price will help hope is good news knm now super undervalued I remeber long time ago above 2.00 ringit what hope can fly back as before or at least at fair price la
. yes, all a good biz needs is to raise capital. if a company doesn;t need to borrow for biz expansion, its share price would be different already! surely there is risk in all biz undertaking but at least, some activities looking forward keep it up, knm...
•*KNM* is proposing to issue bonds in Thailand of up to US$80 million equivalent in Thai baht guaranteed by Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank.
KNM Group Bhd is proposing to issue bonds in Thailand of up to US$80 million equivalent in Thai baht guaranteed by Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank.
KNM Renewable Energy Sdn Bhd had on May 19 completed the acquisition of the entire equity interest in Asia Bio-Fuels Ltd and Asia Biofuels II Ltd (ABL Group).
Upon completion of the deal, ABL Group now owns a combined 72% equity interest in Impress Ethanol Co Ltd (IEL) and a 49% equity interest in Impress Farming Co Ltd.
In a bourse filing, KNM said the construction of IEL's Phase 1 bio-ethanol plant with a production capacity of 200,000 litres of ethanol per day is ongoing.
"The construction of Phase 2 of the bio-ethanol plant for an additional 200,000 litres (of) ethanol per day is expected to commence by the first half of 2017, due to the favourable ethanol market demand in Thailand.
"Accordingly, the group is proposing to undertake the proposed Thai bonds to raise the funds required by IEL," said the firm.
Issue bond that rated at AAA is a strong call of confidence for KNM...
It also shows that KNM is diversifying its revenue source further and is expected to be leader in renewable energy industry in the near future...
In short, it's very positive for KNM...but that doesn't mean KNM share price will go up today, coz it's really up to the operator to 'drive' it afterall...haha
This price is consider a good entry time for new investor. Existing investor can consider to take in some to bring down breakeven cost & at the same time increase number of share in hand..
The latest agreement to cut Oil Supply between OPEC members will be The Turning Point for Global O&G stocks...Now is the time to buy back in big wave...before foreign funds come in and Sapu
Donno why people relates oil price with KNM, it is not even a producer of any oil platforms or field. It is merely a service provider.. and short term or mid term if oil rebounce will not bring any significant spending of producer client like SKPetro, Carigali, Shell, etc.
Mamatede, your comments is quite true. I am being trapped in at RM0.60. Keep holding till today. Only thing that I can do is to pull down the breakeven cost.
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....
anson8888
215 posts
Posted by anson8888 > 2016-09-24 00:31 | Report Abuse
O n g share this years dun touch first.. wait result out then baru decide buy or not..