The Company wishes to announce that the Company has on 14 January 2019 entered into a Share Purchase Agreement with Petrosab Sdn Bhd (“PSB”) to acquire the remaining balance of 6,048,884 ordinary shares or 99.34% equity interest in Petrosab Petroleum Sdn Bhd (“PPSB”) from PSB for a consideration of RM1.00 only (“the Acquisition”). Upon the completion of the Acquisition, PPSB will become a wholly-owned subsidiary of the Company.

Andy,

then, you need to refresh your mind, it was one time Air airsia price fell down to RM0.70 cents During 2015 Sept and went up to RM 4.00 in 2-3 years later.

Then, could you please tell me, who is stupid to sell at RM 0.70?


In fact, no one is stupidity, because people follow rhythm the most. When see the price falling.....leg and egg also shaking........when see the price are up, how much also don't care just go in.

Some one behind can manipulate by selling down and giving bad news during low season and you sell they buy.

You go and ask SUMATEC or others half death company go and get credit facility and see, .....who will give?

IF KNM going to fall under PN company, do you think they can get a credit facilities to expand the business?

May be, KNM purposely to do that by asking supplier to put up the banner, so that you can dump some shares with the cheapest price for them

chimchim

Supplier putting banner to demand for payment that happens to a JV between KNM with china company. These payments to be paid upon agree by both parties. Moreover the amount is so little RM 2 million ++ for the supply of material.

I will only say, this is a cheapscake supplier by putting up the banner to demand for payment, they can go with litigation way in fact. Not forgetting, KNM has no legal case under material litigation for the past few years, you can see the in the annual report.

RM 2 million is not a big deal for KNM JV company, It could be some disputes of the quality product provided by the Supplier and this supplier is a bloody fool supplier can be said that. Very childish way of doing business. i believe this supplier will never get any job not only from KNM...I believe other O & G company will not give chance to this kind of childish supplier

ON TOP OF THAT, DON'T FORGET ANOTHER TARGETED BUSINESS FOR KNM, KNM IS ONE OF THE GLOBAL PLAYER IN PRODUCING PRESSER VESSEL TO HUNT FOR 225.84 BILLION USD MARKET WORLDWIDE ACCORDING TO PRESSURE VESSEL MARKET REPORT 2019-2024


Pressure Vessel Market To Reach $225.84 Billion By 2024

The global pressure vessel market is expected to reach USD 225.84 billion by 2024, according to a new report by Grand View Research, Inc. Increasing investment in energy sector is anticipated to be the major driving factor for the industry growth.

These vessels are containers designed to hold liquids or gases at high pressure. They have wide applications across various industries including chemicals, oil & gas, petrochemicals, power in the form of compressed air receivers, distillation towers, hot water storage tanks, nuclear reactor vessels, and natural gas storage systems.

They form an integral part of industry infrastructure for safe handling of gases and liquids. Increasing investment to build high performance-infrastructure for oil exploration activities is expected to drive the industry. The tanks are also used to store propane which is a by-product of liquefied gas processing.

Their application as boilers in thermal energy production is further anticipated to augment the industry volume in near future. These boilers are also used for the domestic hot water system. Many companies need water in the purest form and use fractional distillation. Overall product usage in distillation towers is anticipated to provide great opportunities for overall industry growth.


Global Pressure Vessels market report emphasizes on detailed analysis of companies and manufacturers like Doosan, KNM, SPVG, Mersen, JSW, Belleli, NK, ATB, CBI, IHI Corporation, Mitsubishi Heavy Industries, Hitachi Zosen, Morimatsu, L&T and Others.



https://www.openpr.com/news/1054776/Pressure-Vessels-Market-Report-for...


https://www.prnewswire.com/news-releases/global-pressure-vessels-marke...

https://www.egypt-business.com/Ticker/details/1803-Global-Pressure-Ves...

The new Government of malaysia will only award the job to the expert in actual field. Unlike in the past. We are targeting more jobs in WTE for KNM.

Sardin...base on the latest quarter report, knm has RM 435m cash in bank

To be delisted, it needs to fall under this categories:

1) Privatisation (Unless the majority share holder has hold more than 70% and above. But it is not possible now

2) If the NTA has become negative - But it is not possible now, knm has a very high asset of NTC which is 0.97 per share. Long way to go negative.

3) Delay in quarter report - But it is not possible, the quarter report and consolidate financial report is still on time.

4) No revenue or principal activities for business. But it is not possible. KNM yearly revenue stay at RM 1.5 to RM 2 Billion. Which is very high.


The borrowing is mainly for expansion in engineering such as investment into recurring business including buying land and building factory. The new valuation for property will be in this year. This would help to increase its NTA.

derektan....why you put the link....not related one

By looking at it, KNM has been trading with high volume, apparently, Speculators are trying to accumulate at low price by placing at 0.075 - 0.08 with buy and sell.

They are queuing both sides buy and sell with their own volume in order to make a differential profit sum in between. At the same time, to accumulate the ticket.

With this, the price is stable and i believe this is their targeted price to acquire more tickets.

Now is the time to re-package the report and there will be a good announcement pertaining to the financial quarter report and some potential projects to kick off soon. They will eventually move the price up soon.

Within five years Global market covers over 225 Billion USD of pressure vessel market which mentioned KNM is one of the market player.


1) Waste to energy - New market to make money
2) Ethanol - New market to make money
3) Pressure vessel - another one product to grow

The above 3 items are enough for KNM

Pressure Vessel Market To Reach $225.84 Billion By 2024

The global pressure vessel market is expected to reach USD 225.84 billion by 2024, according to a new report by Grand View Research, Inc. Increasing investment in energy sector is anticipated to be the major driving factor for the industry growth.

These vessels are containers designed to hold liquids or gases at high pressure. They have wide applications across various industries including chemicals, oil & gas, petrochemicals, power in the form of compressed air receivers, distillation towers, hot water storage tanks, nuclear reactor vessels, and natural gas storage systems.

They form an integral part of industry infrastructure for safe handling of gases and liquids. Increasing investment to build high performance-infrastructure for oil exploration activities is expected to drive the industry. The tanks are also used to store propane which is a by-product of liquefied gas processing.

Their application as boilers in thermal energy production is further anticipated to augment the industry volume in near future. These boilers are also used for the domestic hot water system. Many companies need water in the purest form and use fractional distillation. Overall product usage in distillation towers is anticipated to provide great opportunities for overall industry growth.


Global Pressure Vessels market report emphasizes on detailed analysis of companies and manufacturers like Doosan, KNM, SPVG, Mersen, JSW, Belleli, NK, ATB, CBI, IHI Corporation, Mitsubishi Heavy Industries, Hitachi Zosen, Morimatsu, L&T and Others.



https://www.openpr.com/news/1054776/Pressure-Vessels-Market-Report-for-Period-2018-till-2024-L-T-Mitsubishi-Heavy-Industries-Hitachi-Zosen-KNM-SPVG-Mersen-JSW-Belleli-and-Others.html


https://www.prnewswire.com/news-releases/global-pressure-vessels-market-report-2017---forecasts-to-2021---research-and-markets-300464975.html

https://www.egypt-business.com/Ticker/details/1803-Global-Pressure-Vessels-Industry-Share-and-2022-Forecast-Analysis-Report/207924

Hustle.....borrowing must see for what purposes....if borrowing to pay debts and lubang has become bigger and bigger then...forget about it. borrower also must see what is your purpose to borrow money from them. you though cappalang company also can borrow money so easy? if they can trust KNM....to grant Borrowing is not an issue.

Moreover most of their borrowing for the purposes of acquisition such as acquisition of impress ethanol co. limited and its cassava farm in bangkok and borrowing to build ethanol plant phase 1 and subsequently phase 2, acquisition of land 80 acres at bar road peterborough for Waste to energy project. Borrowing to acquire for Italy Brand for Oil and Gas.

Remember, when they acquired Borsig in 2008 in the form of cash RM 1.7 Bilion++.

Then you must go to see the list of property asset they have in annual report, some of them are not representing the current value. If the new valuation to carry out, the actual value is more than that.

what has made Aveda assets capital is so to be influenced? only 0.55% of shares with it.

Any privatisation must seek for approval. Not easy. Especially when the market price is low and the offer price must be attractive. Someone above said lelong to AH LONG.....I want to tell him, by disposing Borsig.......no need to lelong....and the word......lelong does not exist at all.

He talked too much....ask him to lelong here, we buy.....

one fellow one word........wait and see

Alex, i know one of the expert advisory and he is the boss of one of the biggest firm granted licensed by Bursa for advisory services which includes IPO, Privatisation etc. He did also involve privatisation on behalf of minority shareholders.

Base on the latest consolidate statement the properties, plants and equipment are the comfortable level which is about nearly 50% of the total asset. As such, the current share price is considerable cheap. It could support higher price for Privatisation which means above 0.97 of NTA.

Even though the long term gearing is up with more borrowing and it is not good in time for current bad market, but all these borrowings are mainly used for business expansion such as ethanol plants, peterborough project etc. which will generate some recurring income in near future.

What i can foresee KNM are:

1) In December 2018 - Government's owned company worlwide is partnering with China Western power for (WTE plant in selangor)and approved RM 500million for work. (China Western Power has been long term partners with KNM including recently the award of Peterborough RM 1.9B to china western power)

2) More to come (Waste to energy WTE) projects in Malaysia.

3) Ethanol price remains stable while the cost of cassava is at the reasonable price for production cost also in line with the Thai government for green energy. The second plant is coming up which will contribute 300,000 litres daily to make in a total of 500,000 litres daily which will contribute 11% market in Thailand. Thailand is the biggest export of cassava 50% worlwide + Cambodia and Myanmar = 80% worldwide. They have no problem to get the source for production.

3) There are many completed projected in O & G need maintenance, Their maintenance contract is long term.

4) There are many others source of income and contract for KNM, Including china national chemical with USD 1 Billion contract, and KNM is one of the selected contractor/supplier; recently just awarded the package.

5) Also, most of the businesses are oversea even if malaysia is down turn, the impact is not much. They still can continue with maintenance contract.

6) borsig is one of the Key bullet 100% subsidiaries of KNM, making RM 100 - 200 Million profit a year. with this can cope with paying all debts by disposing Borsig at above RM 2 Billion any time.


With over RM 1-2 Billion revenue a year. where to find such a cheap company in the world.

Privatization? what a joke, accordingly, with 0.97 NTA the lowest they have to offer is 85% of 0.97 which is 0.82 cents for privatization. Which means we are still buying at the low asset.

If it is privatised, they will move the share up to a reasonable level only they will go for privatisation. You can see Merc eventually they moved to 80 cents ++ to reflect the actual value.

Don't be childish, you thought they press down the press then they can go with the lowest price for privatisation? no way lah.......we we agree also...EPF will not agree......and no one will agree, by that time share advisory will advise the minority share holders for the best price to go privatisation which is normally not below 85% of its NTA 0.97

don't know what to do....can't find the bottom line

sardin, well said...i agree with you

That fellow is trying to be very smart, but if you click on his comment, he is asking people to support MBMR.. If you don't believe, you go to his portfolio and click his comment. He posted everywhere about MBMR

Synopsis

"PREL Peterborough Energy Park 80 MW UK - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "PREL Peterborough Energy Park 80 MW UK - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

The Peterborough Renewable Energy Ltd (PREL), a subsidiary of Green Energy Parks, is undertaking the development of Peterborough Energy Park project in Peterborough, the UK.

The project involves the construction of an 80MW energy park on 13.7ha of land and planned to be developed in different phases. The first phase of the project will produce 36MW of energy.

The project includes the construction of a research and development center, two three-story buildings, a combustion chamber and plasma treatment chamber, powerhouse and substation, the installation of turbines and the laying of transmission lines.

The facility would be capable of processing or recycling up to 650,000 tons of commercial, agricultural and other waste, biomass and bio-crops and would generate 80MW of electricity annually.

The waste will be sorted into recyclables and leftovers. The recyclables will be recycled and the biomass residues will be gasified, creating electricity.

In November 2009, the project was approved. Davis Langdon was appointed as the lead consultant and owners representative for the project in October 2010.

In November 2010, Tetronics was awarded the supply contract to supply Plasma Hazardous Waste Treatment Technology.

In December 2010, KNM Group Berhad was appointed as an EPC contractor for the project. In December 2015, the project is moving in slow pace due to funding issues.

On May 11, 2016, Export-Import Bank of Malaysia Berhad (EXIM) announced US$50million funding for development and construction of the first phase.

In October 2017, KNM Group awarded US$454 million engineering, procurement, construction, and commissioning (EPCC) contract to China Western Power Industrial Co Ltd (CWPI) for the project.

Construction activities are expected to commence in 2018, and are expected to be completed by the first quarter of 2021.

Scope

The project involves the construction of an 80MW energy park over an area of 13.7 ha in Peterborough, East of England, the UK.

The US$740 million project includes the following:

1. Construction of a research and development center

2. Construction of two three-story buildings

3. Construction of a combustion chamber and plasma treatment chamber

4. Construction of a power plant

5. Construction of a powerhouse

6. Construction of a substation

7. Laying of transmission lines

8. Installation of turbines

Reasons To Buy

Gain insight into the project.

Monitor the latest project developments.

Identify key project contacts.

You go and check one of the newly shareholder within 1 year bought 80million shares with average price 0.25

if i have RM 250million, I will acquire while open market

don't know when it is low

kena crab....

IEA predicts growth in global ethanol production through 2023
By Erin Voegele | October 08, 2018

[<br><small>International Energy Agency </small>]

International Energy Agency

ADVERTISEMENT

The International Energy Agency released its Renewables 2018 market analysis on Oct. 8, predicting that fuel ethanol will account for two-thirds of the worldwide growth in conventional biofuels between 2018 and 2023.

The IEA’s report focuses on the share of renewables within the global power, heat and transportation sectors, with a particular focus on bioenergy.

According to the report, of the three sectors, transportation currently has the lowest penetration of renewables. While renewable energy in the sector is expected to grow 19 percent over the next five years, the overall share is expected to remain relatively small.

The report predicts that renewables used in the transportations sector will grow from 3.4 percent in 2017 to 3.8 percent in 2023. Despite this modest growth, the report indicates renewables will account for 12 percent of transportation fuel demand growth.

The IEA’s forecast shows biofuels production is expected to increase 15 percent over the next five years, reaching 165 billion liters (43.59 billion gallons). By 2023, biofuels are expected to account for nearly 90 percent of the renewables used in transport. Fuel ethanol accounts for two-thirds of biofuel production growth, while biodiesel and hydrotreated vegetable oil (HVO) account for the remainder.

Asian countries account for the majority of the growth in biofuel output over the next five years, with the IEA predicting China, India and member states of the Association of Southeast Asian Nations representing half of the global expansion in biofuel production. Latin America will be responsible for an additional 45 percent of that growth, particularly Brazil.

Under favorable market and policy conditions, the IEA said the growth in biofuels could be even more significant over the next five years, reaching nearly 206 billion liters of production.

According to the IEA, ethanol production increased by 3 percent globally last year, reaching 104 billion liters of production. Increased production was primarily realized in the U.S., European Union and China. Ethanol production is currently expected to expand at an average annual growth rate of 2 percent, reaching 119 billion liters by 2023.

Growth in ethanol production is driven by Brazil, followed by China and expanding markets in India and Thailand. While the IEA predicts China’s share of global production will increase though 2023, the U.S. and Brazil will still account for 80 percent of global output.

Under favorable conditions, the IEA said ethanol production could increase by as much as 26 billion liters, reaching 145 billion liters 2023, with growth primarily in the U.S., Brazil, China, India and Argentina. This level is 22 percent higher than the IEA’s main case forecasts.

The IEA predicts biodiesel and HVO production increased 7 percent last year, reaching 39 billion liters. Global production of the two fuels is expected to reach 46 billion liters by 2023.

Within the report, the IEA also addresses advanced biofuels. The group’s main case forecast predicts annual production of novel advanced biofuels will reach 1.4 billion liters by 2023, a threefold increase from 2017. Cellulosic ethanol accounts for 60 percent of production within the novel advanced biofuels, with the remainder from advanced biofuels for the diesel pool and aviation biofuels.

An accelerated case for novel biofuels suggest nearly 2.3 billion liters could be produced by 2023 if the right conditions are present. Under this scenario, the share of cellulosic ethanol would increase to two-thirds of production, with one-third from advanced biofuels used within the diesel pool and aviation biofuels.

Nothing wrong...

According to her yesterday, malaysia wanted to build one atleast WTE plant in every state.

Negeri Sembilan - Port dickson (WTE) built by KNM JV KOREA FIRM

SHAH ALAM (Sept 24): The Government is targetting each State to have at least one incinerator of waste-to-energy (WTE) plant within the next two years in a move to do away with solid waste disposal sites.

Minister of Housing and Local Government Zuraida Kamaruddin said this would make for a cleaner process of solid waste disposal which would also save on land use as it would not require opening up new rubbish disposal sites in the future.

“The number of incinerators depends on how much rubbish is generated in each State. For instance, if Melaka produces 3,000 tonnes of rubbish a day, and one incinerator can process the same amount of rubbish, then it is sufficient to have one plant in the State,” she said, adding that a State which produces more rubbish might need more incinerators.

Speaking to reporters after attending a programme organised by the Karangkraf group in Shah Alam here today, Zuraida said the former disposal sites could then be improved and developed into housing areas,

She said the Government would not be providing any allocation for this effort as the cost of building an incinerator or WTE plant would be fully borne by the contractor appointed by the Ministry.

“So far, many contractors have offered to build these incinerators. Its construction will take between 18 months to two years.

“Since rubbish disposal using incinerators will produce electrical energy and gas, the contractor will generate income from the sale of electricity and gas to cover the cost of building the WTE plant,” she said.

Zuraida added that so far, only Negeri Sembilan is building its own incinerator and it is expected to be the first State to start a new solid waste disposal system in two years.

Sep 04, 2018 (Heraldkeeper via COMTEX) -- Waste to Energy Market is poised to cross USD 35.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing municipal solid waste (MSW) adoption as a fuel to generate renewable energy via thermal and biological techniques will drive industry growth. Thermal technology dominated the total share in 2015. In addition, incineration waste to energy market may witness significant growth, the technology was already valued at over USD 12.05 billion in 2015. Converting MSW as feedstock and help to enhance streams process are key factors fostering incineration technology market growth.

Increasing electricity demand along with growing dependency on renewable sources to generate energy due to depleting petrochemical reserves is likely to drive waste to energy market over the forecast timeframe. MSW management programs adopted by regional governments to promote power generation will further boost industry growth. Additionally, the U.S. recognition to include WTE to do their renewable energy targets may spur regional industry growth.

Ask for Sample copy of the Report @https://www.gminsights.com/request-sample/detail/456

WTE can attract stable tipping fees compared to landfills and help in reducing GHG emissions from MSW in landfills. In addition, government has made target towards renewable energy use. EU has set target to derive 20% energy from renewable sources owing to boost waste to energy demand.

Growing urban population is forecast to be the key contributing factor for increasing MSW such as plastic, glass bottles, paper, tetra pack, cans, newspaper, cardboard boxes, meta items, aluminum foil, and wood pieces. Other factors such as industrialization, economic development, local climate, and public habits such as leftover food, further contribute towards MSW generation. Increasing MSW is anticipated to positively influence waste to energy market growth from 2016 to 2024. Major countries contributing MSW generation include U.S, China, India, Indonesia, and Brazil.

Depleting fossil fuel along with the correction in crude oil prices is anticipated to fuel the need for finding petroleum substitutes for power generation. Furthermore, rigorous research activities towards technological development to use MSW for power generation by substituting natural gas, oil, and coal is enduring, which in turn is anticipated to lay massive environmental benefits and technical feasibility to catalyze the waste to energy market growth from 2016 to 2024. However, high cost associated with plant construction as well as expensive components installation may hamper industry demand in the near future. Also, more capital involved in flue gases treatment and other residues produced may negatively impact growth.

Browse key industry insights spread across 150 pages with 134 market data tables & 13 figures & charts from the report, "Waste to Energy (WTE) Market" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/waste-to-energy-wte-market

Europe, led by UK, Germany, Italy and France biological waste to energy market should generate over 5.5% growth to exceed USD 2.5 billion by 2024. Anaerobic based biological process is gradually improving and may replace composting step for biodegradable waste treatment generated from MSW.

Thermal technology based incineration process in U.S. WTE market size was valued at over USD 1.8 billion in 2015. It is widely used for recovering energy from waste. Modernized thermal incineration equipments can replace existing ageing equipments and contribute towards lowering carbon emissions.

Pyrolysis and gasification process in Germany registered demand of over USD 0.69 billion in 2015. It is used to convert waste into energy-rich fuels by heating under controlled conditions and converts into energy and ash.

APAC, driven by China, India, Japan and Australia waste to energy market should achieve over 7.5% growth. Stringent environmental regulations coupled with investment spending should stimulate industry growth.

LATAM, driven by Argentina, Chile and Brazil WTE market size is set to witness gains at over 7.5%. The Brazilian government has set an initiative to increase electricity production from renewable sources and reduce GHG.

Global waste to energy market share is competitive. Keppel Seghers, Tenologies, Wheelabrator, Covanta and Hitachi Zosen are key notable industry players. Other prominent participants include Mitsubishi Heavy Industries, Foster Wheeler, Xcel Energy, China Everbright International, Plasco Energy, Veolia Environment and Green Conversion Systems.

The post Waste to Energy Market will surpass $35.5 billion by 2024 appeared first on Herald Keeper.

What ever it is .....just continue buying.......In 2019, government will build three WTE (Waste to Energy) using pyrolysis technology in johor, negeri sembilan and malaka.

There is only one in malaysia currently still under construction in bukit merah Port dickson - By KNM JV Korea firm

If they prefer to buy at RM 1.00, we sell it to them

Sardin81, some how people do not understand, we will find the way to reach the reliable source including some activities currently of what they are doing.

I believe those who laugh at me preferring the news from newspaper and of course by that time KNM price will be at RM 1.00

You can see how they operate and communicate in the facebook...you can get contacted from the staff there....

Why are you laughing ?

The ethanol plant running 24 hrs per day....one of the staff in thailand told me

YA....JACKMA123 Sell it at 0.05, push it down if you have more stocks in hand...don't just talk cock

PUBLISHED: 2017-12-11

On December 6, President of Kazakhstan Nazarbayev announced the commencement of the Petrochemical Integrated Project contracted by CNCEC (CHINA NATIONAL CHEMICAL ENGINEERING CORP) on a live telecast conference. The project size is 500 thousand t/y of polypropylene, and the contract amount is 1 billion 865 million dollars. The construction period is expected to be 42 months. This is the oversea project with the largest amount of a single contract in the history of CNCEC.

For instance...hibiscus....EPF is holding 2.27% only .......where as KNM ...EPF has 3.7% in its stake as overall.....

EPF will not hold too much a few percentages only. EPF's influence is not there anyway.

Chimchim....then you go and count how many stocks are without EPF's participation whereby still got people goreng...

They are many, what we need to wait is the timing only

This is just the beginning .......

KNM entered contract with China National Chemical Engineering in Republic of Kazakhstan for RM 24M for sales of vessel. The overall contract China National Chemical Engineering has in Republic of kazakhastan is around RM 4.5 Billion.

A lot more to come for KNM to work with China National Chemical Group. The largest Chemical group in China.

if go for PN17, better ask the company to sell all its asset and return the surplus fund to share holder.

With revenue of Above RM 1.4 Billion, knm quarter report can be easily loss 50m to 100m .....or profit 50m to 100m......not surprising....if they want to accumulate the share you dump, they will go for losses 50m to 100m such as creating impairment losses or depreciation losses, if they want to sell it to you.....wait until they eat your share kau kau first, and then from loss turn to profit, they will sell back to you at above RM 1.00


if there is a sudden profit of RM 30 million and the current price of RM 0.14 will jump to RM 0.49 after taking into consideration of P.E. From there, analyst will start to forecast its future profit and the share price will be all the way up until you laugh........

So hai...how could it be PN17. Since it has NTA 0.96 and Yearly revenue of Above RM 1.4Billion.


Unless NTA has become negative or no revenue...do you think is possible?