sardin81...that's great..cypark also need knm to build plant, ....2019 1st quarter, government to announce the allocation of fund with low interest to support this industry. and now ministry of environmental and health is trying to close down all illegal recycling companies.
Hancur. What so ever sig or borsig or lamsig or st.peterbourght project all at the end of the day lose money. Sad for the people that hog onto this stock. It still have plenty of space to drop more. Like i last say this is PN17 stock and its coming to that PN17 price maybe even 6cents is possible. Regret sold too early or regret holding it from 50cents, 30cents or 15cents? That is only you that can feel the pain. Investment from US10,000 become how much left right now? But really its your own decision, end of the day one earn / loss for their own actions. Hope you make your own decision wisely. This already pain and nothing left to pain? I afraid there is more pain to come still.
KNM is a company with great potential for a turnaround. It is not in a PN 17 category at the moment.. They just need to show the profit to indicate it is in the horizon of a turnaround. This is where the investor confidence will be gained. Most importantly, KNM need to pair down their debts. The interest charges are eating into their profit. Their debts are in multiple currencies. I think the strengthening dollar is also increasing their debts after conversion to ringgit. KNM is well aware of this but keep saying that their debts are under control. Whether it is under control or not, it will be reflected in their reporting. Let's hope the next QR is positive. Hope KNM Management understand the urgency for a quick turnaround and build back the investor confidence.
Sardin81- I really admire your confidence. I have confidence in the company but not so much in the Management. The Management needs to display dynamism with positive actions/news. They need to gain back the investors confidence by sharing the latest developments and updates so that all are kept well informed. Like I say the Company do have a great potential for a big swing upwards as they have all the positive credentials. It is recording a revenue of about RM1.4B, NTA is at 0.96sen and with good assets (Borsig, Bioetanol, WTE etc) with potential for future growth. However, share price is so depressed at 0.135. Lets just hope for some positive news. Can't wait for the next QR report.
About knm's subsidiary Impress ethanol limited.....you can add to their facebook, you can see the worker's comment (thai language) that they are working at night shift + Over time.
Meaning to say, the plant is running well and productive. otherwise, there shall be no Overtime right...
Golden opportunity... KNM sure will rise above 1.00 again... UK renewable energy plant will get fast track due to UK cannot export waste to China and Malaysia... they need companie to build more waste to energy plant to deal with their waste.
i think 0.13 is the bottom line, when the dumper failed to accumulate the ticket, they have no choice but to buy back, they are the one who queued 0.135 sell and buy 0.13. They try to make some profit in between at the same time trying to press down the price and buy back at the bottom line. Recently, until many are buying back and they can not loss their ticket by queuing sell. when no one intends to sell, the engine will start.
KNM Group Bhd has won a 40 million yuan (RM24 million) contract from China National Chemical Engineering Co Ltd to supply vessels for the construction of an integrated petrochemical complex in Kazakhstan.
Award of Contracts by China National Chemical Engineering Co., Ltd. to KNM Special Process Equipment (Changshu) Co., Ltd. amounting to RMB40 million
KNM GROUP BERHAD
Type Announcement Subject OTHERS Description Award of Contracts by China National Chemical Engineering Co., Ltd. to KNM Special Process Equipment (Changshu) Co., Ltd. amounting to RMB40 million 1. Introduction
KNM Group Berhad (“KNM”) is pleased to announce that its indirect wholly-owned subsidiary, KNM Special Process Equipment (Changshu) Co., Ltd. (“KNM Changshu”), had on 31 October 2018 received the Letter of Awards from China National Chemical Engineering Co., Ltd. (“CNCEC”), a company registered in China for the supply of CS Vessels (“Products”) for the construction of an Integrated Petrochemical Complex in Atyrau, Republic of Kazakhstan amounting to RMB40 million (equivalent to approximately RM24 million based on the exchange rate of RMB1 : RM0.60)(the “Award”).
The supply and delivery duration of the Products is approximately 12 months commencing from the respective purchase order dates.
2. Information About the Parties
KNM is a diversified multinational group with core businesses in process equipment manufacturing, provision of integrated solutions, project management, engineering and construction services for the renewable energy, power, utilities, refining and petrochemical industries.
KNM Changshu, a company incorporated in China is an indirect wholly-owned subsidiary of KNM Group Berhad. It is principally involved in the design, manufacture, assembly, commissioning and maintenance of process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialized structural assemblies and module assembling for the oil, gas and petrochemical industries within the market in China.
CNCEC, a company incorporated in China engages in the general contracting of construction, infrastructure, and overseas projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China and internationally.
3. Financial Effect of the Award
The Award is expected to contribute positively to KNM Group’s earnings for the financial year ending 31 December 2018 and 31 December 2019.
4. Risk Factors
The Award is subject to certain risks mainly in the power, oil, gas, petrochemical, and energy industries. These include changes in general economic conditions such as, but not limited to inflation, environmental, health and safety regulations, taxation, foreign exchanges, interest rates, labour and material supply, changes in business and operating conditions such as, but not limited to government and statutory regulations and deterioration in prevailing market conditions.
KNM Group is already operating in these industries and hence would continue to be exposed to risk factors that they currently face whilst operating in these industries.
Although KNM Group with its vast experience may undertake efforts to mitigate the various risk factors, there is no assurance that any change in the above risk factors will not have a material adverse effect on the business and operations of KNM and/or KNM Changshu.
5. Approvals
The Award is not subject to the approval of the shareholders of KNM or any regulatory authority in Malaysia or China.
6. Directors’ Statement
Having considered all aspects of the Award, the Board of Directors is of the opinion that the Award is in the best interest of the Company.
7. Directors' and Major Shareholders' Interest
None of the directors and/or major shareholders of KNM, and/or any persons connected with them, have any direct or indirect interest in the Award.
8. Documents for Inspection
Details of the Award are available for inspection at the registered office of KNM at 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia for three (3) months from date of this Announcement during normal business hours from Mondays to Fridays.
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....
masterkevin212
1,850 posts
Posted by masterkevin212 > 2018-10-19 14:12 | Report Abuse
tuapuikia........why thinking no hope? knm still generate RM 1.5 billion revenue per year.