mostly debts borrowing from KNM is for acquisition and expansion of asset and technology.
This is a strong future growth for the company. This debt is a good debt.
If you know Adrian Wee......"DEBT IS KING" Especially debt for asset and property or something can generate some income when it comes to valuation for yearly market value.
The next valuation of property asset will be done it by end of this year(last was 2014) every five year once.
In fact KNM has 2 jobs are to be commenced in United Kingdow, but these 2 jobs are being delayed
1) Distributed Renewable Energy Networks (DRENL) (RM 500M++)
2) Peterborough Renewable Energy (RM 1.9 Bilion ++)
You can go to Public data general facility from UK Government to download as of December 2018 updated of status the finding as follows:-
1)Distributed Renewable Energy Networks (DRENL) - Eggborough (Former Abre Biomass Facility) - Advanced Conversion Technologies - Installed Capacity (MWelec)- 10 - Development Status: Planning Permission Granted - Development Status (short): Awaiting Construction - Address: Former ARBRE Power Station, Selby Road, Eggborough, Goole - Planning Authority: North Yorkshire County Council
1)Peterborough Renewable Energy - Peterborough Renewable Energy, Peterborough Energy Park (Green Energy Parks - Gasification) - Advanced Conversion Technologies - Installed Capacity (MWelec)- 80 - Development Status: Planning Permission Granted - Development Status (short): Awaiting Construction - Address: Peterborough Renewable Energy Ltd, Land off Storey's Bar Road Peterborough - Planning Authority: DECC (S36)
The previous announcement of USD 6.5m can push knm up 2 cents, yesterday contract can easily push 5 cents. From the chart you can see will above the resistance line 0.13 cents. Once it breaks. We will see KNM at 0.145 - 0.155 and it will not go down at all.
Medium term will look at RM 0.155 - 0.175, If everything come smoothly, will easily hit above my expectation which is above RM 0.20 - RM 0.30
By that time if the quarter report is out performed, once the price exceed RM 0.30, it will fly to the sky.
were boosted in early trade Monday after announcing a RM101mil contract in Myanmar.
The counter rose 5.26%, or 0.5 sen to 10 sen with over four million shares traded. In the past one year, it has fallen some 58%.
KNM announced that its unit has secured an engineering, procurement and construction contract worth US$24.87mil (approximately RM101.35mil) for a liquefied petroleum gas (LPG) facility in Myanmar.
KNM said the its wholly-owned unit KNM Process Systems Sdn Bhd received the complete executed lump sum turnkey contract today with CECA Gold Company Ltd.
The contract is for the engineering, procurement and construction of a liquefied petroleum gas receiving, tanking, storage and bottling facility in Kyaut Tan Township Thilawa, Myanmar.
Outperformance with superior jumping 526 % . Later might b limit up today liow since award contact bigger n bigger released each month until value price in at year end 2019 Qr 4 !
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 > 2019-03-01 17:56 | Report Abuse
MORE CONTRACT TO COME