Turbo__An Oil and Gas equipment supply company with very good FA. Last Q EPS 3.06 sen and declared 2 sen dividend. Worth to consider, buy for medium term while most of the good O&G counters already goreng Up. Only Turbo remain at low price. It is a matter of time the price will be adjusted back to RM1.20/1.50.
Buy Armada and knm more now and onwards, the goreng group is targeting Armada and knm now, besides sapura, perdana, penergy, dayang, alarm all these already goreng up by other operators previously, reliable source
Friday Armada down is because of bumi Armada operator keep absorbing shorties shares, goreng group not yet start
But goreng group already started knm already.
Target for knm short run is 0.20, and armada is 0.25 - 0.30
wait for another 2-3 months. Government is compiling the tender budget for Waste to energy project which will announce soon. KNM will be another hot topic of being a super leading turnkey operator and the market will speculate its potential.
Government is targeting at least 1 WTE in every state which will at least 13 WTEs depending on its size to be built in 2 years by stages. Let's say 20 WTE's in total @ RM 300 - 500 million each
What has made KNM share to be a black horse this year.
1) The present contract stood at RM 1.5 Billion revenue at least eventhough Oil and gas industries was at downtrend for the past 4 years.
2) Revaluation of property (knm has RM 1.45 Billion worth of asset property to be re-value by end of this year (every 5 years once) this will bring up the asset value especially property value at oversea (Please see financial report under list of property)and will increase its NTA per share
3) Oil and gas industries is leading among the other sectors and crude oil price is at a very stable level, hence downstream will be benefit sooner or later
4) Ethanol plant in bangkok currently producing 200,000 litres ethanol daily, upon completion of expansion plant will end up with 500,000 litres daily at current ethanol price RM 2.90 per litre, end up would contribute a revenue of RM 511 Million revenue in the consolidate account soon. If the world oil price keep going up, Ethanol price will up also.
5)Petronas will spend RM 50 Billion in oil and gas industries malaysia this year
6) In Sabah petroleum chemical from foreign company invested RM 15 billion this will benefit to KNM for its process equipment
7) Currently KNM has secured more contract such as vietnam, bahrain etc whereby the contract worth of multi billion and at least KNM has stepped in to secure some packages.
8) Claiming RM 400 Million chance to win and take back this money from Technical Documentation and Equipment for development of gas-condensate fields Adamtash
9) Peterborough waste to energy project expected to commence in this year according to peterborough council and the awarding of contract to party is worth of RM 1.9 Billion
10) Petronas this year has invested 25% stake of RM 100 Billion into canada LNG. LNG is required more high pressure vessel and the better know KNM Cadana is ready over there according the KNM reported in 2016 they are waiting for a right time. I believe now is the time KNM Canada will get more job in CANADA.
PP vs right issue, not really shares dilutive, and much better than increase debts level. I''m still holding tight at paper gain this Kan Ni Ma. wakaka
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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 > 2019-04-12 13:14 | Report Abuse
This week consider very good, has cleared all transacted shares. New move will spike up like no tomorrow