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Today (Feb 24), FBM KLCI down more than 20 points as it continue it's free-fall after breaking down the crucial psychological 1,500 level . Thanks Libya, thanks Qadaffi for causing uncertainties and panic selling of global markets. In between, Finance Malaysia found a very interesting statistic. Yes. KLCI beat regional markets for " falling the most " today. Below is the performance of regional markets: KLCI fell 1.41% (Champion of the day) Hong Kong fell 1.34% Japan fell 1.19% Singapore fell 0.96% South Korea fell 0.60% KLCI to continue it's downtrend tomorrow? How about KNM? Scare so... Based on the chart shown, technically KLCI is heading for its 3rd wave of downtrend since hitting historical high last month. In fact,  Normally, 3rd wave is steeper or faster. Furthermore, it still not yet reach the over-sold position by looking at stochastic. Very soon, KLCI may touch near 1,450 level. Hopefully, it will stop there. Or else, bye bye bye. Bargain hunting for KNM? ...

After a long suffering period, KNM investors can be very joyous coming this Christmas celebration with another good news announced today. In a statement after trading hours, KNM announced that its wholly owned subsidiary, KNM Process Systems Sdn Bhd (KNMPS), had landed a RM2.19 billion job in the United Kingdom. The contract is for the engineering, procurement, construction and commissioning of works towards the development of an 80MWe gross capacity energy from biomass and waste recycling centre project known as EnergyPark Peterborough . Duration of the contract is about 4 years. KNM drive into Renewable and Clean Energy Sector... This mark another important milestone for KNM to venture into renewable energy sector, which is so popular in this energy-hunting world. This came as a surprise to investor because KNM had never been in that sector, and even surprising us was the multi-billion value contract. Illustration of EnergyPark taken from Peterborough Community Website The projec...

Recently, KNM is coming back to the limelight in Bursa Malaysia. After the 4 to 1 share consolidation exercise, KNM is inching up since securing a contract worth RM 680 million in Uzbekistan. Then, KNM held a briefing with research outfits indicating that the company was on the road to recovery after a hiatus one-and-a half year. Good facts: Order book had grown to RM 2.4 billion Tender book grown to RM 16 billion Better capacity utilization Re-surging of crude oil price which touches USD 90 per barrel now Malaysia government's intention to spur oil & gas sector Listing of Petronas' subsidiaries enhancing the viability of local listed companies Impending projects roll-out by Petronas soon Planning to tap into nuclear industry in Africa IR. LEE SWEE ENG Executive Chairman / Chief Executive Officer Bad facts: Foreseeable losses in its operations in Brazil, Canada and Indonesia High debt levels with RM1 billion borrowings, against net cash balance of RM300 million Future...