Sometimes when d magnitud ofLUV n dLIGHT r very8 strong u NO need to seek/find IT..cuz IT will comes SHINE SHOWERING n surrender 2u voluntierly..n IT 'll b yours, woW!
Millions thanks 4u my lovely Mr Sardin & co/freinds here..
Wow, Amazing ! KNM grab a big project again ! The project amounting RM17.318 million !
For the design, supply and delivery of shop assembled static equipment inclusive of large columns for the RDMP RU-V Balikpapan Project located at East Kalimantan, Indonesia operated by PT Pertamina (Persero) !
Wow, like that KNM share price going to spike up to break above 0.50 already liao by next week ! Huat ah ! Heng ah ! Ong ah !
avengers19, I mean they are not necessarily reply to answer my inquiry. They politely reply they do not have the information yet or whatsoever. By replying warmly, we know there's courtesy in the organisation.
Maybe need some time because the employee or in-charger are busy. I'll wait for a month.
Sardin, that is why i asked for someone who have the experience & knowledge about KNM insight. There's so much insight about various company in Bursa but none for KNM.
LOL you try too hard, Sardin. Assets alone do not move share price.
One can have the best assets in the world, but what truly drives share price is earnings growth. KNM's earnings are expected to improve going forward, that is why the share price is moving. Combined with Borsig's potential IPO, there is an unlocking of value.
Like I've said before, it's also due to management's strategy to move away from lumpy project based revenue streams to recurring streams.
Strategy, earnings growth and corporate proposals (a good story). These move share price.
When people simply give bad comments, it means they're frustrated either because they've lost a lot of money in that counter or they're jealous because they've missed the boat!
For some reason, Investing.com has maintained KNM as strong buy for daily, weekly and monthly on technical basis and changed from strong buy to neutral for its hourly technical basis.
Seems like there are more holders than sellers on board.
Since pak tua is an old timer, I'm belting out this classic oldie for him:
Sama-sama menjejak mimpi, Sama-sama mencari dan menanti, Segalanya direstui cinta sejati, Sama-sama gunung didaki, Sama-sama turun ke lembah sepi, Suka-duka bersama dirasai.
@Sardin, I know Borsig very well. I'm fully aware of German engineering and German culture. But earnings growth drives share price, not assets, not expertise. It's how companies unlock the value from their assets, expertise, know how, tech, etc
It is only in the past couple of years, and after kitchen sinking for FY18, that KNM's management has figured out the best way to utilise its assets ie Borsig. The change of business strategy has finally resulted in KNM reporting meaningful earnings for 1Q19, after 15 consecutive quarters of lousy results. This is significant.
Even you yourself admit, when you said "...signs it is now turning around", meaning recovery in earnings. This is the main reason why KNM's share price has recovered, and possibly combined with Borsig's potential IPO story has pushed the share price up further.
What will sustain the upward share price momentum is improving Q-o-Q earnings and further job wins. What is key, what is most significant are:
1) the recurring income from the Thailand and then later on, Peterborough concessions.
2) transformation into a RE player, a sunrise sector
3) utilising Borsig within the growing RE sector, with much reduced exposure to O&G
From the 1Q19 report: "The Group’s strategy to diversify its sources of income from project-based contracts to recurring-income businesses in renewable energy industry is still on going."
Must be mindful that Borsig is merely the engineering/tech company. If KNM continues with project-based contracts then Borsig's value will be limited to the projects. Its the change of business model to recurring-income that is the true driver of the turnaround.
I will leave with this question to you Sardin, if KNM announce a loss in the upcoming results, will the share price go up or down? Pls don't say they have Borsig, don't worry, share price will go up because they have Borsig.
It is the combination of BORSIG and the strategy of turning to recurring income that will propel KNM forward and out of the doldrums of the past. This rise in KNM price from 10 sen to 40 sen tells us that there is light seen at the end of the tunnel.
Passionate KNM holders will keep adding when KNM is floating in the Red Sea as the daily trading pattern shows it is not a goreng stock. Anyone who studies the July trades will know something big is brewing . By end August we will get confirmation when the Q Report comes out . All the best to us here in the forum
The project need to have profit and certain profit margin then upward might continue.If got sales but no profit there no point eventhough there have Borsig.
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....
Dreams2Truth
194 posts
Posted by Dreams2Truth > 2019-08-02 16:00 | Report Abuse
Backdated for 10 years!
Anyway, more good news are on their ways :-)