ECM Libra Research maintains Trading Buy on KNM
Date:
2011-10-12
Firm:
ECMLIBRA
Stock:
Price Target:
1.72
Price Call:
TRADING BUY
Last Price:
0.085
Upside/Downside:
+1.635 (1923.53%)
KUALA LUMPUR: ECM Libra Equities Research is maintaining its trading buy call on KNM GROUP BHD [] with a target price of RM1.72 based on a 1.0 times price-to-book value is unchanged.
It said on Wednesday, Pct 12 that KNM Group secured another contract from Octagon Consolidated, this time worth some RM638 million to build a renewable energy plant in Sri Lanka.
'While the project still awaits its financial close, with the backing of the Sri Lankan Government we believe achieving financial close could be less of a concern as compared to the UK biomass project,' it said.
ECM Libra Research said it is maintaining a Trading Buy call as KNM is already trading at trough valuation despite concerns about its margin and potential further delay in the UK biomass project.
It said on Wednesday, Pct 12 that KNM Group secured another contract from Octagon Consolidated, this time worth some RM638 million to build a renewable energy plant in Sri Lanka.
'While the project still awaits its financial close, with the backing of the Sri Lankan Government we believe achieving financial close could be less of a concern as compared to the UK biomass project,' it said.
ECM Libra Research said it is maintaining a Trading Buy call as KNM is already trading at trough valuation despite concerns about its margin and potential further delay in the UK biomass project.
Discussions
2 people like this. Showing 3 of 3 comments
do any body know how do i get the top 20 largest shareholders in bursa?
2011-10-14 07:52
i still cant get information on the top 20 largest shareholders in KNM
2011-12-01 09:59
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jack_ng
KNM, I hope you are a good horse :)
2011-10-13 21:34