DO YOU DARE TO BUY NOW??? THIS SHARE EVERYDAY TOP VOLUME. I THINK YOU CAN PLAY SWING TRADE, I DARE NOT cos my office now block all the share trading. CELAKA betullllllll....
Signs MOU With Chad
Yesterday, KNM announced that its 100% subsidiary, KNM Process Systems S/B (KNMPS), has entered into a Memorandum of Agreement (MOA) with Societe Des Hydrocarbures Du Tchad S.A. (Chad), The National Oil Corporation of Chad in Djamina to form a new joint venture company (JV Co) to develop, operate and maintain the Sedigi Oilfield Facilities in Chad. The job includes production facilities, O&G pipelines, LPG processing and bottling plant, as well as a 30MW gas power plant.
Maintain Buy. Our target price for KNM is RM1.01 based on a PER of 10x FY10 EPS. Although Chad is seen as a risky country to enter into given Malaysia’s past experience in that country, we believe the risk to KNM would depend on how much capital outlay it would need to invest in the JV company. If the amount is manageable and there is money to be made, this could turn out to be good for KNM as it would further expand its global presence.
Yesterday, KNM announced that its 100% subsidiary, KNM Process Systems S/B (KNMPS), has entered into a Memorandum of Agreement (MOA) with Societe Des Hydrocarbures Du Tchad S.A. (Chad), The National Oil Corporation of Chad in Djamina to form a new joint venture company (JV Co) to develop, operate and maintain the Sedigi Oilfield Facilities in Chad. The job includes production facilities, O&G pipelines, LPG processing and bottling plant, as well as a 30MW gas power plant.
Maintain Buy. Our target price for KNM is RM1.01 based on a PER of 10x FY10 EPS. Although Chad is seen as a risky country to enter into given Malaysia’s past experience in that country, we believe the risk to KNM would depend on how much capital outlay it would need to invest in the JV company. If the amount is manageable and there is money to be made, this could turn out to be good for KNM as it would further expand its global presence.