Daily Market Report (28 Aug 2019)
Wed, Aug 28, 2019 8:39 AM
- KNM have had rose to prominence of late with share price rallied from 18.5 sen in May to the current 38.5 sen. We met up with the management recently and reckon its turnaround story is gaining traction.
- Bleeding from its loss-making entities namely in Asia are curtailed as these are gradually hived off. Funds from the sales should improve its cashflow coupled with earnings from its more profitable ventures in Europe.
- Via the ongoing restructuring, KNM should emerged as a leaner and meaner company going forward potentially becoming an interesting value proposition.
