OTHERS Multiple Contracts awarded to KNM Group Berhads subsidiary companies amounting to approximately RM27.713 million This is the latest announcement by today.
Insider: The Peterborough project pretty much dead.
The west have a new way of disposing their waste, just ship to 3rd world nation and deny repatriation of it.
In response, the 3rd world nations can ship it back to the coast (international waters) near the country origin and dump it there, so the waste will float and stop at their shores. lol
If you all got spare bullets, just topup more lah KNM shares at current record lowest price... US-China trade war definitely will come to the end or got solution one...
After the oil crisis of bad economy from 2015-2019 {4 years plus}, I'm confidence that our economy will turn prosperous once entering the year of 2020...
Previous crisis also end in the year of 9: 1)Crisis 1985-1989, prosperous entering 1990 2)Crisis 1997-1999, prosperous entering 2000 3)Crisis 2007-2009, prosperous entering 2010
Now is the same, Crisis 2015-2019, prosperous entering 2020 ! Huat ah ! Heng ah ! Ong ah !
thanks sardin for your enlightenment, i start to feel like i want to go all in knm. but scare it might go back to 0.07. since it has such huge debt. will wait and see.
huge debt the most is paying interest of RM 70-80 Million a year. Huge debt is because of asset acquisition of borsig and expansion business acquisition like italia hudson and impress ethanol
As long as the debt is used for business expansion with productivity which will generate some incomes to cover back its borrowing interest and shall consider a good debt
More projects secured by KNM. Due to diverse business portfolios, it gains strong attention from big investors. Buy on weakness, sell on strength. Now it can be considered weak and shares are diluted to raised up capital for aggressive business activities. Buy/Hold.
KNM Group Berhad, an investment holding company, is engaged in the design, manufacture, assembly, and commissioning of equipment for oil, gas, petrochemical, and mineral processing industries. The company provides process equipment, pressure vessels, reactors, column and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers, specialized shell and tube heat exchangers, condensers, spheres, process tanks, mounded bullets, process skid packages, turnkey storage, skid mounted assemblies, process pipe systems, specialized structural assemblies, and module assemblies. It also offers various services, including management, funding and treasury, financial advisory, technical support, marketing, business development, and procurement. In addition, the company provides management, technical advisory, license, and trademark services; project manpower, engineering, non-destructive testing, and technical consultancy services and project management and technical services. Further, it is involved in the design, manufacture, sale, and service of heat exchange systems; sulphur removal and recovery services and also development of properties and manufacture of air cooled, shell and tube and plate heat exchangers, vessels and columns. Additionally, the company develops, processes, and distributes membranes, membrane modules and membrane components.
Have been following your comments over last few weeks... Does anyone know whether KNM has benefitted from the huge Petrol Refinery project in Pengerang, Johor over the last 2-3 years?
Everybody understands the vast benefit of WTE for the future. There are already a lot of them operating in UK and Europe. However, KNM has been stuck with no action and progress for almost 10 years, so that tells you why the share price aint moving north. Investors need to see real contract and real progress before plowing into this share. To regain the confidence is crucial here not just boast and talk.
1) The compliance environmental stage is on going. To kick off General preliminaries work at Peterborough WTE on July 2019. Targeted construction stage within 6 months for infrastructure work and another 30 months to complete the whole WTE. The return of investment will take 8 years with a concession period of 25 years.
Note: I think we can't benefit the incurring income within a short term period but it does report the contribution of revenue for building the WTE in the group.
2) Thailand Impress Ethanol - On going expansion for phase 2 (300,000 litres perday) and targeted completion will be on 2nd quarter 2020.
Note: The recent Private placement more or less would help in financing the project and 40% of purity 99.99% ethanol has got a potential buyer for a period of 5 Years. I can see this will generate an immediate income to the group.
3) Reported the Borsig is doing well with heat exchanges system and will continue an increase of revenue to the group.
4) To foresee improvement of Asia segment with recent awarding of contract expected to increase due to recovery of petrochemical industries in relation to Oil and Gas sector.
5) Malaysia WTE - reported that will not let go any changes of getting WTE in every state in Malaysia under new government. Also informed that KNM is leading the market in WTE would have an advantages and priorities.
6) The previous financial losses are a non-cash losses. Also informed that The recent production lines are busy with new contracts.
7) Minority shareholders required directors to cut their own salary on willingness for poor performance.
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....
BeeBearBear
356 posts
Posted by BeeBearBear > 2019-06-12 18:58 | Report Abuse
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