The recent unexpected recovery of the global oil price is resulting in the present bullish phase of the Malaysian oil and gas companies including KNM, with sudden big jumps in price and volume. KNM has been really down for quite a while in recent memory but now it seems to be bouncing back for the better. Its latest QR is not that bad in terms of PBT and NP, in the greens. Its price recovery catalysts will be more contracts with Petronas (even though RAPID contract is unfortunately diminishing rapidly), ethanol RE plant in Thailand and Borsig in Europe. The Peterborough, UK power project in is delayed but will be online in 2019.
So, Gen Ir Lee is bouncing back with KNM. KNM will rise again like a phoenix. These few days the price of mother KNM rose from 23 sen to 28.5 sen, an amazing 24% rise. And yesterday it was the third most traded stock with volume of 128m. What more can we ask for, hah?
Even the long dormant and pathetic warrant of KNM-WA suddenly comes to life with 270k trades at 0.5 sen yesterday.
Even this traditionally quiet KNM forum suddenly comes alive and becomes a hive of activity these last few days. Indicating good days and weeks ahead for KNM.
KNM might soar to 50 sen, or even RM1, as predicted by realistic optimists here. Arguably, KNM is following in the footstep of jumping JAKS, even without pumping by any prominent investor or unethical sharks. So KNM to the moon, not mere rhetoric my friends.
Without a doubt this is certainly good news for those of us who all this while have faith in Gen Lee and his KNM.
yeah Salted fish comes back alive - General Lee is marching up to the himayan mountain with his white horse :) gogo KNN huat ah rocket lai lai liao https://www.youtube.com/watch?v=Yk4v_SJmvjU
Posted by stonenut2 > Sep 20, 2017 11:35 PM | Report Abuse Cant wait to see KNM BACK IN RM1
wat is 1 RM - u know General Lee last time march up to almost 10 RM leh wat is RM1 sus sup sui la LOL but pls wait must be patient hor - slowly sikit sikit lama lama jadi bukit himayan :)
The news is correct. Awarded company will be pro BN company as usual. Knm is a down stream oil process and service company with total solution. It should get the job indirectly no matter who (upstream) get awarded.
yes KNM will get contracts indirectly with these awarded.. any idea when will be announced? Probably will need to wait official news only will soar again
Wah, don't see KNM a few days, price jumped. Higher oil prices helping sentiment but i am not sure it will help its earnings that much. Will still wait for clearer picture.
Ghostliker, usually price will drop when official news announced. Fake news also drops If u are long on O&G, KNM is not the best counter for bounce back. Choose those upstream counters
750k shares traded at value of RM22 million.tats alot mean the trading is very active. Looking good. 35 sen for today is very impossible . Mayb 1 or 2 months times
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Posted by veritas > 2017-09-20 15:23 | Report Abuse
Borsig very reputable German company n consistently profitable