In the world of investments, a correction is generally defined as a decline of 10% or greater in the price of a security from its most recent peak. Corrections can happen anywhere including individual stocks, the indexes that follow stocks or sectors, the commodities and currency markets, or any asset that trades on an exchange.
•A correction is a decline of 10% or greater in the price of a security, asset, or a financial market. •Corrections can last anywhere from days to months, or even longer. •While damaging in the short term, a correction can be healthy, adjusting overvalued asset prices and providing buying opportunities.
Nothing to worry about, just a 4 sen downhill correction on an uphill march to 50 sen and beyond. Follow Gen Lee's Long March, a step backward, three steps forward. Fix bayonets, guys !!
general retailers won't have impact at all. how much do you think they can afford to buy? few thousand? so you buy or sell doesn't make a difference at all.
yes who no ever confident on knm business growth let go now..
paktua never fear play red rally.. most confidence Heart will stand firm to hold.. paktua earlier was say only swing traders general.. we fight on what we believe in.. paktua believe knm worth more then 0.40 now if down more paktua will fight more with own Style.. but dare to bet tomorrow will never seen again below 0.355 that paktua full confident..
some said retailers troopers.. not have much fund to give impact.. will reveal soon.. paktua not only one red stock hunter.. but also general to 2 plaatoon army with strength 220 troopers.. with single troopers have 250k ammo.. never estimate retailers strength on swing rally.. was prove long enough.. then today who are play with huge amount attack at 0.34,0.345? when all got chickens in they head?
Company Announcements: Award of Contract to KNM Process Systems Sdn Bhd amounting to RM17.480 million
Description: Award of Contract to KNM Process Systems Sdn Bhd amounting to RM17.480 million 1. Introduction KNM Group Berhad (“KNM”) is pleased to announce that its wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”), had today accepted and signed-off on the purchase order dated 8 July 2019 (“PO”), for the supply of shop assembled large drums for the Petrochemical Complex in South of Vietnam – Package A1 – Olefins Plant, amounting to USD4.250 million (equivalent to approximately RM17.480 million based on the exchange rate of USD1.00 : RM4.113) from TPSK Consortium (“Transaction”).
The supply and delivery duration of the Transaction would be in 4 batches supply and for a period not exceeding 13 months commencing from the date of the PO.
2. Information About the Parties KNMPS was incorporated as a private limited company under the laws of Malaysia on 28 June 1990. KNMPS is principally involved in the design, engineering, procurement and manufacturing of process equipment, including without limitation pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers and specialised shell and tube heat exchangers, condensers, spheres, process tanks, mounded bullets, process skid packages and turnkey storage facilities as well as technical and project management services in relation to process equipment, plant facilities and general facilities for the oil, gas, petrochemicals, minerals processing and renewable energy industries worldwide.
TPSK Consortium is a joint cooperation comprising of a consortium of Technip Geoproduction (M) Sdn Bhd, Technip Stone & Webster Process Technology, Inc. and SK Engineering & Construction Co., Ltd.
3. Financial Effect of the Transaction The Transaction is expected to contribute positively to KNM’s earnings for the financial year ending 31 December 2019 and 31 December 2020.
4. Risk Factors The Transaction is subject to certain commercial and financial 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 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 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 KNMPS.
5. Approvals The Transaction is not subject to the approval of the shareholders of KNM or any regulatory authority in Malaysia or in any other country.
6. Directors' Statement Having considered all aspects of the Transaction, the Board of Directors is of the opinion that the Transaction is in the best interest of KNM.
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 Transaction.
8. Documents for Inspection Details of the Transaction 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.
Oh my goodness, i really don't know what is the opening price tommorrow will be shooting up on today's good new which was released after the market been closed today !
Those big sharks will not worry about this, will continue to goreng one. Money only for dare people but not me. Since many so love to this, i just have to concur. Loss money don't blame anyone.
Who ever don't have share anymore run away lo, why keep talking let we are at what we think good. lose also not you money our money, dare to win dare to lose.
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....
sonyx123
659 posts
Posted by sonyx123 > 2019-07-18 17:18 | Report Abuse
Paktua ftw