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.
i still cant get information on the top 20 largest shareholders in KNM
2011-12-01 09:59
Post a Comment
People who like this
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
jack_ng
KNM, I hope you are a good horse :)
2011-10-13 21:34