【KNM 7164 交流专区1】科恩马

asimo

小弟冒险重开KNM

小心用词, 仍然可以批评KNM的长处, 赞美KNM的短处.
小弟和其他人才知道它是没用的:@,还是有用的:@?



本人个人认为 KNM 不是好的研究对象, 我个人也没大算买...
只能说:"如要投机, 请需三思."

三思而后行, 投资减低风险的良方.

[ 本帖最后由 asimo 于 18-6-2009 01:12 PM 编辑 ]

asimo

确先做一个记录. 大家来批评

Financial Results

Reference No KG-090224-50053

Company Name	:	KNM GROUP BERHAD
Stock Name	:	KNM
Date Announced	:	24/02/2009

Financial Year End	:	31/12/2008
Quarter	:	4
Quarterly report for the financial period ended	:	31/12/2008
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

Remark:

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2008

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
	CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2008	31/12/2007	31/12/2008	31/12/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	851,931	318,767	2,528,750	1,230,116
2	Profit/(loss) before tax	154,938	64,890	453,705	215,358
3	Profit/(loss) for the period	82,468	51,737	336,175	186,476
4	Profit/(loss) attributable to ordinary equity holders of the parent	82,554	51,736	336,383	188,133
5	Basic earnings/(loss) per share (sen)	2.16	1.41	8.80	5.12
6	Proposed/Declared dividend per share (sen)	1.50	4.00	1.50	4.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	0.4600		0.5300

Note: For full text of the above announcement, please access Bursa Malaysia website at www.bursamalaysia.com

Remarks :

asimo

Entitlements (Notice of Book Closure)

Reference No KG-090225-41009

Company Name	:	KNM GROUP BERHAD
Stock Name	:	KNM
Date Announced	:	25/02/2009

EX-date	:	11/03/2009
Entitlement date	:	13/03/2009
Entitlement time	:	05:00:00 PM
Entitlement subject	:	Interim Dividend
Entitlement description	:	Interim dividend of 1 sen less income tax of 25% and 0.5 sen tax exempt per ordinary share of RM0.25 each
Period of interest payment	:	to
Financial Year End	:	31/12/2008
Share transfer book & register of members will be	:	to closed from (both dates inclusive)  for the purpose of determining the entitlements
Registrar's name ,address, telephone no	:	Symphony Share Registrars Sdn Bhd Level 26, Menara Multi Purpose Capital Square No. 8 Jalan Munshi Abdullah 50100 Kuala Lumpur Tel no. 03-27212222
Payment date	:	18/03/2009
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	:	13/03/2009
b. Securities deposited into the Depositor's Securities Account before12:30 pm in respect of securities exempted from mandatory deposit	:
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.	:
Number of new shares/securities issued (units) (If applicable)	:
Entitlement indicator	:	RM
Entitlement in RM (RM)	:	0.015
Remarks :

8years

又换？！？！？:@ :@ :@
到底那里才是集中区？？

klagigi

以前的沒有了。。現在重新開始﹐所有KNM主題集中在這個唯一貼討論。。

klagigi

老兄。。你一直更改标题。。是你要提供全面分析财政报告还是等人贡献。。

K男

我有个疑问－－先前科恩马面对差点跌停板的时候【０.３９５】－有些银行基金曾经公开质疑和要求科恩马交待－－显然他是一只曾经被许多有实力的大户所持有和留意－－请问基本派的大家－－在科恩马最辉煌的时刻有那些大户持有着？？

而如今经过６个月的折腾－－帐目的东西其他主要股东肯定老早比我们知道【至少１个月】－－目前其主要持股股东【包括信托基金－银行投资基金】还有谁你们有数据吗？？他们还持有的理由？？

毕竟这是一只算很红的股【海内外许多单位持有】－－不是那些２－３线炒家自己玩自己爽的烂臭股－－持有者的背景实力【审计师－投资顾问－市场分析员－资深交易员－情报单位。。。等等】肯定比我们要更了解它和强上我们数倍的说

kfc当初会针对他也显然科恩马不是街边股的说－－就好像我们也关注亚航般。。。有一定的领域性代表和股量－价量－成交量－海内外等等

kuchingcat

版主分析财政报告。加油！

asimo

Listing Circular
LISTING'S CIRCULAR NO. L/Q : 52639 OF 2009
Company Name       
:
        KNM GROUP BERHAD
Stock Name        
:
        KNM
Date Announced       
:
        26/02/2009

Subject       
:
       
KNM - NOTICE OF BOOK CLOSURE

Contents       
:
       

      Interim dividend of 1 sen less income tax of 25% and 0.5 sen tax exempt per ordinary share of RM0.25 each.

      Kindly be advised of the following :

      1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
      as from : [ 11 March 2009 ]

      2) The last date of lodgement : [ 13 March 2009 ]

      3) Date Payable : [ 18 March 2009 ]

K男

原帖由 cchleong 于 26-2-2009 07:35 AM 发表
现在太早斑竹还米起身,
等下斑竹进来后,
这帖就被关闭鸟

你还在追HSI-CW啊

弹煮

楼主你不但冒险，还冒死tim
佩服你的勇气

很火！

MALAYSIA EQUITY
Investment Research
Daily News
FY08 Results Review Private Circulation Only
OIL & GAS
TRADING BUY Maintain - Price RM0.40
Jason Yap
+60 (3) 9207 7698
Jason.yap@osk.com.my
KNM - Target RM1.13
Goodwill Down By Half
Although KNM’s FY08 results were within our expectations, they came in below
consensus targets. Nevertheless, revenue and PBT were up q-o-q and YTD, mainly
contributed by the higher production capacity from both organic and acquisition
(Borsig) growth. Also, the company’s auditors have identified RM832.8m in net
assets from the RM1.7bn in goodwill. Going forward, we have downgraded our
FY09-10 earnings forecasts by 7%-15% to account for the slowdown in O&G
activities. Nevertheless, we maintain our Trading Buy call.
Stock Profile/Statistics
Bloomberg Ticker KNMG MK
Equity
KLCI 894.07
Issued Share Capital (m) 3960.07
Market Capitalisation (RMm) 1584.03
52 week H | L Price (RM) 2.33 0.39
Average Volume (3m) ‘000 34081.21
YTD Returns (%) 0.00
Net gearing (x) 0.35
Altman Z-Score 9.03
ROCE/WACC 1.69
Beta (x) 1.68
Book Value/share (RM) 0.16
Major Shareholders (%)
Inter Merger SB 21.53
EPF 7.49
Smallcap World Fund 5.84
Share Performance (%)
Month Absolute Relative
1m (4.65) (6.82)
3m (32.79) (31.59)
6m (74.38) (69.40)
12m (78.47) (65.41)
6-mo nth Share Price Performance
0.00
0.50
1.00
1.50
2.00
2.50
Aug-08 Sep-08 Nov-08 Dec-08 Jan-09
Within expectation. KNM’s FY08 results came in within our expectations, making up
95% of our FY08 forecasts. However, consensus had earlier expected better results but
the actual net profit only made up 83% of the total. Both 4QFY08 revenue and PBT were
up 14% and 21% q-o-q respectively due to the recognition of higher sales in the current
quarter. Also, both revenue and PBT have doubled YTD, mainly due to the higher
production capacity from organic and acquisition (Borsig) growth. EBITDA margin was
also quite consistent at 22% YTD.
Goodwill to go down to RM896.3m. It was reported that its auditors have identified
RM832.8m of net assets from the initial RM1.7bn goodwill arising from Borsig’s
acquisition. There was no impairment on the balance RM896.3m goodwill identified by the
auditors as at today. Going forward, we understand that the auditors will review the
amount on a yearly basis to ensure it is impairment-free. This has effectively raised the
company’s NTA to RM0.24 from RM0.06. Also, KNM is supported by strong orderbook of
RM4.2bn, based on management’s announcements to Bursa Malaysia on Feb 19, ‘09.
Going forward, we do not expect huge cancellations in its remaining orderbook but we
think that its orderbook replenishment will slow down.
Downgrading FY09-10 earnings by 7%-15%. Our downgrade is in line with the
expected slower O&G activities globally. Also, we expect KNM’s customers to renegotiate
for lower selling prices for its process equipment.
Maintain Trading Buy. Our target price of RM1.13 based on a PER of 7x FY10 EPS
(previously RM1.08 based on PER of 7x FY09 EPS) as we roll forward to 2010. Our
Trading Buy call is mainly due to its attractive valuation as the stock is trading at a PER of
2.5x FY10 EPS compared to its local peers’ average trading PER of 4-5x FY10 EPS.
KNM’s principal activities are in the
manufacture of process equipment.
FYE Dec (RMm) FY06 FY07 FY08 FY09f FY10f
Turnover 909.0 1230.1 2528.8 3328.1 3667.6
Net Profit 106.1 188.3 336.4 566.5 638.7
% chg y-o-y 157.8% 77.6% 78.6% 68.4% 12.8%
Consensus Net Profit - - - 559.0 606.0
EPS (sen) 2.7 4.8 8.5 14.3 16.1
DPS (sen) 1.7 1.0 1.0 1.3 1.5
Dividend Yield (%) 4.3% 2.5% 2.5% 3.1% 3.8%
ROE (%) 38.7% 39.6% 27.2% 26.1% 23.8%
ROA (%) 15.4% 16.7% 12.7% 13.3% 13.6%
PER (x) 14.9 8.4 4.7 2.8 2.5
P/BV (x) 0.5 0.5 0.8 0.6 0.5
EV/EBITDA (x) 12.8 6.3 3.5 2.6 2.0
See important disclosures at the end of this report
OSK Research PP/10551/10/2009(022563)
February 25, 2009
2
OSK Research
KEY HIGHLIGHTS
Quarter Results Table
FYE Dec (RMm) 4QFY08 3QFY08 % chg FY08 FY07 % chg
Turnover 851.93 746.20 14.17% 2528.75 1230.12 105.57%
EBITDA 181.63 171.34 6.01% 563.62 275.34 104.70%
Depreciation -13.04 -13.04 0.00% -52.17 -52.32 -0.28%
Net interest expense -13.65 -30.48 -55.22% -57.75 -6.42 799.05%
Associates 0.00 0.00 - 0.00 0.00 -
PBT before EI 154.94 127.82 21.22% 453.71 216.60 109.47%
EI 0.00 0.00 - 0.00 -1.05 -
PBT 154.94 127.82 21.22% 453.71 215.55 110.49%
Tax -72.47 -24.52 195.51% -117.53 -28.88 306.95%
MI -0.09 -0.12 - -0.21 1.66 -
Reported Net Profit 82.38 103.17 -20.15% 335.97 188.33 78.40%
Core Net Profit 82.38 103.17 335.97 189.38
Core EPS (sen) 2.16 2.73 8.80 5.12
DPS (sen) 1.50 0.00 1.50 4.00
EBITDA margin 21% 23% 22% 22%
NTA/share (RM) 0.24 0.06 0.24 0.53
FYE Dec (RMm) FY06 FY07 FY08 FY09f FY10f
Turnover 909.0 1230.1 2528.8 3328.1 3667.6
EBITDA 131.5 274.3 563.7 785.7 892.4
Depreciation -2.5 -52.3 -52.2 -51.1 -57.7
Net Interest Income -8.9 -6.4 -57.7 -64.2 -55.7
Exceptional Items 26.4 0.0 0.0 0.0 0.0
Associates 1.0 0.0 0.0 0.0 0.0
PBT 147.5 215.6 453.7 670.4 778.9
Net Profit 132.5 188.3 336.4 566.5 638.7
EPS (sen) 3.3 4.8 8.5 14.3 16.1
DPS (sen) 1.7 1.0 1.0 1.3 1.5
Margin
EBITDA 14.5% 22.3% 22.3% 23.6% 24.3%
PBT 13.3% 17.5% 17.9% 20.1% 21.2%
Net Profit 11.7% 15.3% 13.3% 17.0% 17.4%
ROE 38.7% 39.6% 27.2% 26.1% 23.8%
ROA 15.4% 16.7% 12.7% 13.3% 13.6%
Balance Sheet
Fixed Assets 461.2 529.7 2212.5 2342.5 2376.5
Current Assets 554.5 715.3 1820.5 2170.1 2479.3
Total Assets 1015.7 1245.0 4033.0 4512.6 4855.9
Current Liabilities 480.1 554.1 1694.8 1667.8 1628.2
Net Current Assets 74.3 161.2 125.7 502.3 851.1
LT Liabilities 130.5 131.0 428.3 408.3 300.4
Shareholders Funds 390.3 559.7 1909.7 2436.2 2927.0
Net Gearing (%) 27.7% 28.8% 29.5% 13.2% 1.8%

Default

我不入地域，谁入地域！
佩服佩服

asimo

如果给我选, 一定不会选这个

klagigi

灌水贴性命不久哀。。

mcsmg88

KNM的业绩这么漂亮，怎么不会起啊！！！

khokhokho

原帖由 mcsmg88 于 27-2-2009 08:48 AM 发表
KNM的业绩这么漂亮，怎么不会起啊！！！

一年里有四報告財務表， 有些上市公司會把虧損轉到第四財報才出現虧損。

第一 盈利
第二 盈利
第三 盈利
第四 全虧

第一的盈利並沒有去算那些虧損的，所以一直往後推到第四才會出現虧損，如果他們能轉變第一到第三有盈利的話，那麼就可以把第四的也變成盈利。

所以這不算是犯法。

重點:

就像信用卡玩法一樣，第一張的量用完了，就去借第二張來補第一張的信用卡，所以第一的信用卡不會欠錢，因為欠錢是第二張信用卡，它是把第二張的信用卡的錢拿去還給第一的信用卡欠款，所以變成了第二張就是欠錢了，那麼就照樣做同樣的事情，再去借第三張的信用卡，就拿去還給第二張的信用卡的欠款，所以就一直如此玩下去。

只要銀行內部的人會做人，他們也不管你們如此法，因為這種玩法只要沒人去告密和捉到就不會有事，所以才會出現卡的欠債人(美國人民就是如此)。

好了，現在為何KNM還是出現盈利，自已應該會了解，如果真的是有盈利，股價為何不起，因為沒外資看好KNM的未來前途，可以是原因之一吧。

就像 TMI 一樣，今年虧 5億，卻要發附加股，要了 52億的附加股，這 52億的錢從何來，20% 投資者，另外的全部被 國○控股買進，這樣子的玩法也差不多像用人民的錢去救他們自已而已。

khokhokho

原帖由 cchleong 于 27-2-2009 02:54 PM 发表
还有一个可能，
拉底股价然后私有化

EPF  肯定會大叫，KNM大哥，你要私有化也要我同意。

mcsmg88

原来是这样。。。
谢谢分享。。。

khokhokho

原帖由 mcsmg88 于 27-2-2009 03:06 PM 发表
原来是这样。。。
谢谢分享。。。

KNM的問題，只要借錢給knm的銀行不要去強迫KNM，因為公司向銀行借錢去買回自已的股票，而在合約上，KNM的股價不能跌破他們之間的談判合約的底線，如果跌破之後，股價還是沒法回升原來的價位上，銀行就不用經過KNM的同意下就自動幫KNM賣票。

今天的跌法，可能是玩 T+3的到期票吧。
EPF最近也大量買進此股，所以KNM要再跌的話，應該不太可能，除非是被銀行迫倉，否則不會跌破 RM 0.400 的底線。