Previously Mabel Dump KNM at 30 and invest in Dialog...
Perhaps with new Broom coming on board, Mabel may reconsider...
Three-quarters of global energy demand is still met by fossil fuels, with less than a fifth by non-nuclear renewables. The rest will be coming from our Plantation Bio Fuel and Malaysia is the 2nd Biggest Exporter of Palm Oil.
Crude palm oil (CPO) futures price rose to RM5,000 a tonne for the first time on Tuesday. Our palm oil exports is expected to grow by 39% m-o-m and 0.3% y-o-y in September 2021 to 1.62 million tonnes, likely due to higher exports to India, China and the EU (European Union)
Meanwhile Fossil Energy prices continue to surge to fresh records as renewed fears stoke panic of the worst shortage in decades. India has warned it has only four days of coal reserves left, German power plants are running out of fuel and China just unloaded an Australian coal shipment despite an import ban and icy relations. Supply is just not there as economies rebound from a pandemic-induced lull, while problems like logistical logjams and transport bottlenecks are adding to the pressure.
Bigger picture: OPEC+ didn't come to the rescue yesterday as the group decided to continue its original plan of gradually releasing 400,000 additional barrels of oil per month. That's despite calls from world leaders, including the White House, to bring more crude on to the market and keep a lid on prices.
It's looking good guys from both Frontiers. Mabel Energy Battleships and Supertankers as well as Bio Fuel Plantation are cruising at full speed.
i have been reading up on news on knm n maa. maa has 10% in knm now. effectively they control knm now. together with the ceo n ex owner lee, i think maa is in charge now.
i think maa has big plans for knm. i think they will keep its crown jewel borsig n maybe sell other assets. the thai bond can be refinance with maa onboard n its reputation n cash
MAA Group, via Maybank Nominees (Tempatan) Sdn Bhd for Imperium Edumaax Sdn Bhd, acquired 68,000,000 KNM shares on 5/10/2021. The group now is holding 10.023% KNM shares.
Particulars of substantial Securities Holder Name: MAA GROUP BERHAD 05 Oct 2021 68,000,000 Acquired Direct (%): 7.982
Remarks: The acquisition of 68,000,000 shares represents 2.041% of the issued and paid-up share capital of 3,332,357,680 ordinary shares, which excludes a total of 1,841,275 ordinary shares held as treasury shares as at 6 October 2021. P/S: So, now MAA holding 7.982+2.041 = 10.023%
180 will be a fools dream. I say about 100 is the max. Above 100 world economy is hard to function and everything will be expensive. Btw knm is not oil n has producer. It is only a process n equipment supplier. Oil price does not have direct influence on its prices
It is the assets that knm has that the new owners are interested in. The assets in knm are worth about rm900mil. How much do u think maa spend buying 334mil shares at an average of about 22 24c? Guess
Needs time to digest Ishak statement 'looking at KNM business and lack of a controlling owner' interesting case studies with founder LSE still holding on to its shares, emergence of MAA group holding 8% of the equity, emergence of creador founder { bramal vasudevan} and other PE investor.
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
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Posted by sonyx123 > 2021-10-06 09:36 | Report Abuse
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