Quarterly report for the financial period ended : 30 Jun 2021
Revenue: 245,977,000 Profit/(loss) : 15,082,000 before tax Profit/(loss) for : 9,205,000 the period Basic earnings/(loss) : 0.20 per share (Subunit) Net assets per share : 0.28 (NTA) Date Announced: 27 Aug 2021
Last year knm profit almost RM12 milion...but under LSE n gang controll...share price down to RM0.16......LSE enable price to down......now throw him n dont believe ...he is involve insider trading n i hope klse to take action about this matter.
RM10.5m profit nothing to shout about. Despite total assets growing from RM3.85b to RM3.95b, the NTA has dropped from RM0.60 to RM0.55. This must be due to new additional shares being continuously issued in the last 6 mths. Very disappointing to note that there is still no contribution from Thai operation in the last 6 mths. This is totally unacceptable as so many millions of RM been spent and still no contribution. Price of ethanol as a commodity has spiked to new heights in 2021 and yet NO CONTRIBUTION. Great opportunity to capitalize on good ethanol pricing has been lost here. Really wonder why? What is KNM Management's strategy for the Thai operation? For Q3,2021, hope KNM don't come and say the same story as this will reflect badly on the new management team. They have to quickly buck up and come up with viable strategy for the Thai operation. Also another disappointment noted in their reporting is, there is no latest update provided on the Peterborough WTE venture. Why? To attract investors to invest in KNM confidently, KNM need to provide and reflect all pertinent information in their reporting so that existing and new investors are very well informed to make an informed decision.
To create a GREAT company a great management team with GREAT vision is needed. Hope the new KNM team learns and takes the lead to continuously add value to all stakeholders.
Always pin too much hope & expectations. Nothing has changed except Ismail Sabri is the new PM . He doesn't want to rock the boat but instead now created has 4 factions waiting for GE 15 . Bersatu, PAS , pro Umno { 15 MP } and Ismail own faction
This ganapahty is ganasai... Why wanna keep sour grape? Making profit at current covid crisis is hard. We should be blessful Knm still making profit. As you can see management changes been made.
Knm has been milked by previous mgmt. Newly appointed indpt director who is lawyer shld investigate n ask previous mgmt to return ill gotten gain or face cbt. New beginning for knm n expect price hike, easily 0.50
KNM BORSIG Services Sdn Bhd is established to cater for Malaysia and South East Asia region in the provision of industrial and power plant services for the oil, gas, petrochemicals, chemicals, utility, power plant and general industries.
BORSIG Service GmbH of Germany, a renowned provider in Europe, boasts by decades of experience recognizes the phenomenal growth in the South East Asia market and Malaysia is an ideal location as it is central to the region and is well equipped to serve its customers efficiently and effectively.
KNM BORSIG Services offers a wide range of services such as construction, commissioning, maintenance, installations, modifications, inspections, repairs, replacements, revamps, rejuvenations etc including supply of spares in accordance to its customers' requirements. The comprehensive scope of industrial services together with its integrated group strength enables the company to serve as a single source provider for all the plant and industrial services needs. Its qualified and experienced workforce guarantees high quality and on schedule operations even under stringent working conditions.
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....
PenghuluGia
115 posts
Posted by PenghuluGia > 2021-08-27 16:41 | Report Abuse
Sounds like a good plan.