Posted by riko > 2017-05-16 14:50 | Report Abuse

凸

Posted by peggylian > 2017-05-16 14:57 | Report Abuse

Bought. Hope for the best..

Posted by stonenut2 > 2017-05-16 17:50 | Report Abuse

Next week 0.40

Posted by Livestock > 2017-05-16 20:01 | Report Abuse

Buy call on KNM by HLIB with TP 32 sen - The Star Tue 16 May 2017 - repost:

KNM GROUP BHD

By Hong Leong Investment Bank Research

Buy (upgraded)

Target price: RM0.32

HONG LEONG Investment Bank (HLIB) Research is optimistic on KNM Group Bhd, following an announcement by the latter to invest a further 1.3 billion baht (RM159mil) in its bio ethanol project.

The process equipment manufacturer and energy group has recently announced that it has allocated 1.3 billion baht (RM159mil) for the construction of Phase 2 fuel-grade Impress Ethanol Plant in Thailand.

“Overall, the investment is a positive to the group as the investment for the bio-ethanol project’s second phase signifies the successful implementation of the Phase 1 project, which has been completed in early May 2017. The project is expected to provide long-term recurring income to the group,” said HLIB Research in a note.

The second phase of KNM Group’s bio-ethanol project in Thailand is projected to raise the plant’s overall production capacity to a total of 500,000 litres per day. To note, the first phase of the project could only produce 200,000 litres per day.

While it is positive on the announcement by KNM Group, HLIB Research indicated that it did not rule out the possibility of delay in the commencement of the project’s second phase. This is due to the fact that the first phase has also been delayed for about a year.

However, the research house added that the risk of project cost overrun would be minimal for the process equipment manufacturer and energy group, as the engineering, procurement, construction and commissioning (EPCC) works of the plant would be carried out by the group’s internal EPCC arm.

“The earliest earnings contribution from this project is only expected in 2019. Based on assumptions of ethanol selling price of 23 baht per litre and cassava cost of 5,600 baht per tonne, the expected profit contribution of the second phase project is estimated to be RM15mil, which is in addition to first phase’s expected contribution of RM10mil.

“We believe the worse is over for the group and expect a better financial year 2017 ahead, in anticipation of stabilisation of oil prices and maiden contribution of KNM Group’s Thai bio ethanol project Phase 1 which would provide recurring earnings base for the group,” said HLIB Research.
The research house upgraded its recommendation on KNM Group to “buy” and left the target price unaltered at 32 sen.

Read more at http://www.thestar.com.my/business/business-news/2017/05/16/genting-malaysia-bhd/#cb6cuJqZUuyht1q2.99

Posted by riko > 2017-05-16 21:10 | Report Abuse

you can see extreme here ... TP : 0.32 , next week 0.4 and can't get such low price in your "lie".
keep bullshit-ing the price won't help anything , but nauseous.

be reasonable.

Posted by yifie_911 > 2017-05-16 23:35 | Report Abuse

Goldentriangle, please keep collect KNM shares ya.. You will be one of the top 5 billionaires in malaysia by end of 2017. Salute you in advance

Posted by Livestock > 2017-05-16 23:40 | Report Abuse

riko, sorry I do not understand your point about TP of 0.32 and 0.4 being the 'lie', and also your very special symbol/character of ... Never mind, I believe you bought KNM stock and would also like to see its price go up. Peace yo!

nikicheong, I'll try to answer your question on why the P/BV, or price to book value ratio, of KNM is so low in my own understanding and in my own way. Later maybe others more knowledgeable can give theirs. And I do hope no accountant, economist or finance expert will laugh at my explanation as I try to act like one.

The ratio is R=P/B, where P is the closing price and B the book value for the last quarter. As B is a constant for the quarter, then R only varies with P. If P is large then R is large; and vice versa. So, in the case of KNM in the last few years its P has been relatively low and disappointing. Recall that before that it was a purely construction and engineering company and keep on getting contracts, thus becoming the darling of Bursa. Then things went south in 2008-2009 but its price managed to peak at nearly RM2 in early 2011. Then it went downhill to around 40 sen in early 2014. However, when oil prices started to fall in 2014 the price of KNM went the opposite way, going up to almost RM1 in the middle of 2014, then nosedived to 40 sen in early 2015. Then increased to about 70 sen in a few months time of March 2015 before falling to a roughly linear trajectory to around 30 sen now in May 2017. So, in the last 5-6 years the value of P for KNM has been having a roller-coaster ride of RM2 to 40 sen to RM1 to 40 sen, then 70 sen and now 30 sen. Assuming, and hopefully this is a realistic and reasonable assumption, we can replace B with the present net tangible asset (NTA) value of RM1.12 for KNM, then R varies from a low of 30/112=0.27 to a high of 200/112=1.79 for KMN in the period of 2011-2017. This first order, or back of the envelope, calculation shows that in terms of R, KNM is not doing too bad in the covered period, at times below expectation (undervalued, R<1) and other times above expectation (overvalued, R>1). The undervalued period, R<1, seems to be from 2012 to now. So yes, R for KNM has been low these last 5 years. Why? That's the question of nikicheong, I presume.

So why the low R for KNM these last few years? Do also keep in mind that UMWOG, Armada, MMHE, Alam and other O&G guys are not having great R either for this period of time. In 2014-2016 the global oil price collapsed dragging down the major oil and gas players and their contractors and suppliers like KNM. In particular, KNM lost the bet (investment) in the Canadian oil sand (shale oil), due to shale oil extraction in Canada/US becomes uneconomical when oil price falls below USD 40 per barrel. Local contracts like from Petronas dwindled. KNM also reported losses in its Brazil and Kuantan ventures, but I was not able to extract further information about these particular failed ventures from their latest reports, 4Q2016 released on 24 Feb 2017 and 2016 Annual Reprt released on 28 April 2017. So, obviously the weak earnings and bigger losses led to the depressed prices of KNM, and hence lower R, the defined price to book value ratio.

But, there's a silver lining in the cloud for KNM. Its change of focus from purely contractual projects to renewal energy projects is leading to a change in its fortune. And going to provide it with recurring income. Its ethanol plant in Thailand with construction contract and capacity of 500,000 litre/day will provide it recurring annual income of RM15 million from 4Q2017. Then its waste to energy plant in Peterborough, UK of initial capacity 18MW, final capacity 80MW will give it RM 50 million annually from 2018. And do not forget that by 2016, KNM was awarded about RM 500 million of projects in Pengerang RAPID. More contracts could be secured in 2017 and onwards. But as cautiously warned by yifie_911, securing a project carries a risk of not executing it well or as planned.

Sorry if this rather long and winding write-up bores and annoys some of you. I do this because I'm excited about the near future prospect of KNM. And I have my own self and financial interest at stake. I also see many enthusiastic KNM supporters here.

Posted by Jack Yip > 2017-05-16 23:42 | Report Abuse

No matter win how many projects. Knm report still lost money. How amazing. Experience since 2007 till now.

Posted by Livestock > 2017-05-16 23:56 | Report Abuse

Ok Jack Yip, maybe I was also over-realistic and believed in their projected income from the renewal energy ventures. In actual fact, the profit might be wafer thin or non-existent due to operational costs and unexpected extras - plant and machinery depreciation, increasing labour and fuel costs. Higher fees for consultants and directors. These negative factors are seldom highlighted in project proposals to clients or financiers. But lets be positive and believe that KNM will rise up like the phoenix. Ini kali lah KNM !!!

Posted by stonenut2 > 2017-05-17 00:01 | Report Abuse

Knm Is like a rocket ready to launch anytime. When the rocket launch you just can't catch up. Is better to buy now and parking there first. When crude oil doing fine..Rm1.50 is possible for KNM.

Posted by Livestock > 2017-05-17 00:05 | Report Abuse

There you go stonenut2. Yahoo!!..., KNM RM1.50 soon. Ini kali lah.

Buy KNM. Bye for now.

Posted by yifie_911 > 2017-05-17 00:20 | Report Abuse

For Thailand phase 1 ethanol WTE project, it is delayed 1 year against their planned schedule.
UK Peterborough WTE project even worse. The projected earning figures given by Gen Lee is always a question mark. This is what I saw since few years back.

My biggest concern on KNM, still is the execution capability.
Without a good fundamental and 'SMART' future, any share price rise is not sustainable.

KNM, no doubt, can go back to 80 sen or 1.00, but the first thing is to deliver what is promised and win back the confidence of investors (investors not like me, I am just ikan bilis)

Posted by richardlee > 2017-05-17 08:29 | Report Abuse

Wah, this old stock back in action again? Sure or not?

Posted by richardlee > 2017-05-17 08:31 | Report Abuse

This stock got many moving parts, one part can go up other parts not sure same direction or not. But long time i have not looked at it. Surprised it has fallen so much already. Probably a lot of the bad news is already in the price.

Posted by Terry Sinclair > 2017-05-17 09:35 | Report Abuse

Short lived rally yesterday.Will drop back to below 30 today.

Posted by magus > 2017-05-17 10:03 | Report Abuse

KNM, dead man walking; several years already, still behaving like a zombie

Posted by richardlee > 2017-05-17 10:07 | Report Abuse

Not easy to sustain rally until got good results

Posted by miker > 2017-05-17 11:51 | Report Abuse

NOSH 2.1 bil. Hard to move if avg volume not big enough.

Posted by firehawk > 2017-05-17 16:28 | Report Abuse

anyone willing to share about the cash flow of this counter? need to raise fund in near future?

Posted by smalltimer > 2017-05-17 16:35 | Report Abuse

Ka Ni Ma

Posted by peggylian > 2017-05-17 16:42 | Report Abuse

What la, keep dropping today despite the announcement on new contract last 2 days. What happen?

Posted by miker > 2017-05-17 16:55 | Report Abuse

KNM planning share buy back, renewed mandate on next AGM on 15 June 2017 with 2016 retained earning 59 mil or borrowing. Huh retained earning???, but no dividen for so longggg...

Posted by Philosopher > 2017-05-17 19:42 | Report Abuse

undervalue company, buy and put for 5 years, u will get suprise

Posted by richardlee > 2017-05-17 20:36 | Report Abuse

Market weak, many counters down.

Posted by yifie_911 > 2017-05-17 21:29 | Report Abuse

Philosopher, surprise? delisted? privatised by Gen Lee at cheap price?
Better to invest in other shares

Posted by maunkulopdollah > 2017-05-18 02:05 | Report Abuse

Uptrend momentum still intact..

Posted by richardlee > 2017-05-18 08:20 | Report Abuse

Now we know why market so weak yesterday. Foreigners net sell because worried about US markets.

Posted by orangbaru77 > 2017-05-18 08:52 | Report Abuse

TA perspective:

Monthly, weekly - crazy downtrend. Dieee!!
Daily- minor uptrend.FIFO!! If u dare..easily die. Up 1-2 bids clear position.
So many retailers want waiting to clear position.
Que very big.. buy now die later

FA Perspective:
Annual Report 2016 - P.A.T... Rugi RM311,823,000.00.. buy now later die

Warrant: WA - Exercise price rm0.98 buy now later die..

If this continue, I value this company RM0.005 cents!!

Jangan marah aaa...

Posted by richardlee > 2017-05-18 08:58 | Report Abuse

Everyone have right to opinion so no worries although 5sen a bit low i think.

Posted by Ammar Roshidy > 2017-05-18 09:26 | Report Abuse

If the price drop to 5 sen. I will be the first to purchase 100,000 shares. Can you look at your crystal ball and let us know when this is about to happen.

Posted by angelol > 2017-05-18 12:03 | Report Abuse

After netting the intangible asset and goodwill, the NAPS for this company is 0.455.

Posted by richardlee > 2017-05-18 14:48 | Report Abuse

So now undervalued and good buy?

Posted by azrin > 2017-05-18 16:17 | Report Abuse

goneeeeeeeeee

Posted by nikicheong > 2017-05-18 20:46 | Report Abuse

Ah, more than half of the "book value" is comprised of intangible assets...that explains things then. Can safely forget about this company.

Posted by richardlee > 2017-05-18 22:23 | Report Abuse

As usual, at almost any price some will think it is a buy while some will shout sell. This is what you call a stock market.

Posted by riko > 2017-05-19 12:56 | Report Abuse

today all oil counter up... we maintain it at 0.295 ... 吹咩....
this is the best counter in the world

Posted by riko > 2017-05-19 15:30 | Report Abuse

goldentriangle But now getting new projects and
the coming quarter report must be
very promising and now was on uptrend
mode, you may not get KNM any price
below 0.40 from next week onwards...
16/05/2017 12:46

if this is not rocket what is the rocket.

Posted by winmal > 2017-05-19 16:44 | Report Abuse

share price need to sustain above 0,32 ... before trend higher

Posted by alexwest > 2017-05-19 17:49 | Report Abuse

who buy who die...keep for long long time

Posted by peggylian > 2017-05-19 19:04 | Report Abuse

Riko, why you think the 1st quarter income will be promising?? When will it be announced?

Posted by riko > 2017-05-19 20:20 | Report Abuse

?? i did not mention ever that 1st quarter income will be promising.

all i wanted to say is : only consider enter when you see better profit in their quarter.

the fact is : this company has a very bad impression in market now , you can ask any remiser or broker or auntie uncle in the street.

i myself also suffer huge loss and really don't want to see anyone to follow me but i really betahan see rocket guys here say 3 say 4 ( although i respect freedom of speech ).

buy or not buy ... still up to you !

Posted by richardlee > 2017-05-19 20:33 | Report Abuse

Disappointing, did not rebound. Not easy stock to play.

Posted by miker > 2017-05-19 20:39 | Report Abuse

Better wait after AGM on 15 June 2017.

Posted by newrookie > 2017-05-20 00:21 | Report Abuse

May I know when the date of QR will be release?

Posted by richardlee > 2017-05-20 13:29 | Report Abuse

Results expected to be good or bad, any market talk?

Posted by yifie_911 > 2017-05-20 14:05 | Report Abuse

No market talk because no people interest in KNM

Posted by richardlee > 2017-05-20 17:02 | Report Abuse

Haha. Recently i heard got broker promote, so i thought maybe got market talk also.

Posted by musangfoxking > 2017-05-20 21:29 | Report Abuse

BUY, tp 0.58 !!!!!!!!!!!!!!!!! believe the great bomoh!!!!!!

Posted by stonenut2 > 2017-05-20 23:16 | Report Abuse

Oil price is going up. Time TO buy KNM Tp1.00

Posted by yifie_911 > 2017-05-21 02:20 | Report Abuse

If the few USD rise in crude oil will push KNM to 1.00, then how about other O&G upstream players like skpetro?
Most importantly, KNM is not petrol-producing company.

More worsen is oil price up, KNM price stagnant. U have to pay more for a litre of petrol