【KNM 7164 交流专区2】科恩马

icy97

科恩马获泰国1.59亿合约

2017年5月13日
（吉隆坡12日讯）科恩马（KNM，7164，主板工业产品股）在泰国获得工程、采购、建筑和测试（EPCC）合约，总值12.73亿泰铢（约1.59亿令吉）。

科恩马向交易所报备，子公司KNM Process系统私人有限公司（KNMPS）与联营公司KNM项目（泰国）有限公司（简称KNMPT），获Impress Ethanol有限公司（IEL）颁发合约。

该合约主要内容是负责工程、采购、建筑和测试泰国北柳府乙醇厂的第二期项目，合约为期18个月。

KNMPS已经为IEL兴建第一期项目，如今后者计划拓展和提高产能，因此打算扩展，将产能从每日20万公升，提高至每日50万公升。

科恩马表示，一旦项目竣工，IEL第二期项目预计可捎来正面回酬，符合公司从再生能源业务取得永续收入的长期策略。【e南洋】

Type	Announcement
Subject	OTHERS
Description	Agreement for EPCC of 300,000 LPD Impress Ethanol Plant, Thailand  - Expansion Project ("IEL Phase 2") in Thailand amounting to THB1,273 million (equivalent to approximately RM159 million)
1. Introduction KNM Group Berhad (“KNM”) is pleased to announce that on 11 May 2017, its wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”) and its affiliated company, KNM Projects (Thailand) Co. Ltd (“KNMPT”), had collectively secured a substantial contract from Impress Ethanol Co. Ltd (“IEL”) to undertake the Engineering, Procurement, Construction and Commissioning (“EPCC”) of the 300,000 liters per day (“LPD”) Impress Ethanol Plant – Expansion Project (“IEL Phase 2”)  located at Chachaengsao Province, Thailand (the “Contract”) amounting to THB1,273 million (equivalent to approximately RM159 million based on the exchange rate of THB100 : RM12.52). The construction duration of the IEL Phase 2 Project is about 18 months. KNMPS has built the Phase 1 – 200,000 LPD fuel-grade Ethanol Production Plant for IEL; whereby, IEL now intends to expand and increase its ethanol production capacity to 500,000 LPD. 2. Information on KNMPS, KNMPT and IEL KNMPS was incorporated as a private limited company under the laws of Malaysia on 28 June 1990 with an issued and paid up capital of RM1,600,000,000 comprising 1,600,000 ordinary shares. KNMPS is principally involved in the design, engineering, procurement and manufacturing of process equipment, including without limitation pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers and specialized shell and tube heat exchangers, condensers, spheres, process tanks, mounded bullets, process skid packages and turnkey storage facilities as well as technical and project management services in relation to process equipment, plant facilities and general facilities for the oil, gas, petrochemicals, minerals processing and renewable energy industries worldwide. KNMPS is a wholly owned subsidiary of KNM. KNMPT was incorporated on 17 November 2009 as a private limited company under the laws of Thailand. Its registered capital is THB4,000,000 comprising 40,000 ordinary shares of THB100 each. KNMPT is principally involved in the provision of design, engineering, procurement, construction and commissioning and all other related services for the oil, gas, petrochemical, minerals processing, biofuel and energy industries and it is effectively a 74% owned subsidiary of KNM. IEL was incorporated in Thailand on 22 May 2007 as a private limited company under the laws of Thailand. Its registered capital is THB942,000,000 comprising 94,200,000 ordinary shares of THB10 each. IEL is principally involved as a manufacturer and distributor of alcohol/ethanol or fuel from agricultural products and it is effectively a 72% owned subsidiary of KNM. 3. Approvals The award is not subject to the approval of the shareholders of KNM or any regulatory authority in Malaysia or elsewhere. 4. Directors' and major shareholders' interest None of the directors and/or major shareholders of KNM, and/or any persons connected with them, have any direct or indirect interest in the said Contract. 5. Effect of the IEL Phase 2 Project Upon completion, the IEL Phase 2 Project is expected to yield positive returns in line with KNM’s long term strategic direction of generating sustainable and recurring income streams from its renewable energy businesses for KNM Group. 6. Risk Factors The Contract is subject to certain risks mainly in the power, oil, gas, petrochemical, and energy industries. These include changes in general economic conditions such as, but not limited to inflation, environmental, health and safety regulations, taxation, foreign exchanges, interest rates, labour and material supply, changes in business and operating conditions such as, but not limited to government and statutory regulations and deterioration in prevailing market conditions. KNM Group is already operating in these industries and hence would continue to be exposed to risk factors that they currently face whilst operating in these industries. Although KNM Group with its vast experience may undertake efforts to mitigate the various risk factors, there is no assurance that any change in the above risk factors will not have a material adverse effect on the business and operations of KNM, KNMPS and/or KNMPT. This announcement is dated 12 May 2017.

icy97

科恩马
今年业绩露曙光

2017年5月16日

分析：丰隆投行研究
目标价：32仙

最新进展：

科恩马（KNM，7164，主板工业产品股）获得工程、采购、建筑和测试（EPCC）合约，总值12.73亿泰铢（约1.59亿令吉）。

该公司将为子公司Impress Ethanol有限公司扩展泰国北柳府乙醇厂，合约为期18个月。

扩展后，该厂的日产能从20万公升，提高至50万公升。

行家建议：

这是正面消息，科恩马投资乙醇厂第二期工程，代表已成功执行刚在5月初竣工的首期项目。

该工程由旗下EPCC臂膀进行，因此，超支的风险极低。

第二期工程最早在2019年带来盈利贡献。假设乙醇售价为每公升23泰铢（约2.90令吉），原料价格为每吨5600泰铢（约701令吉），预计将贡献1500万令吉盈利。

但是，不排除第二期工程延迟动工的可能性，因此首期工程曾延迟1年。

目前，我们维持科恩马盈利预测和32仙目标价。

科恩马上财年业绩不佳，导致股价大跌，现时评级从“卖出”上调至“买入”。

油价稳定和乙醇厂首期项目开始贡献，提供经常盈利基础，相信科恩马最糟时期已过去，今财年会改善。



【e南洋】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	326,775	397,072	326,775	397,072
2	Profit/(loss) before tax	4,841	19,522	4,841	19,522
3	Profit/(loss) for the period	2,499	10,582	2,499	10,582
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,962	10,787	1,962	10,787
5	Basic earnings/(loss) per share (Subunit)	0.09	0.51	0.09	0.51
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		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 ($$)	1.1100		1.1100

icy97

订单减半•英投资延宕‧科恩马今明年料续亏

（吉隆坡16日讯）科恩马集团（KNM,7164,主板工业产品组）手上工程订单减半至13亿令吉，同时订单替补告缓，英国再生能源计划一再延宕；分析员预测今、明两个财政年仍不免亏损770万与510万令吉。肯纳格研究表示，科恩马未来的订单替补告缓，尤其在美洲、亚洲与大洋洲地区。

未完成订单跌至13亿

此外，科恩马现有未完成订单，由28亿按年跌至13亿令吉。截至今年首季，获取订单逾3亿令吉。

英国圣彼得伯勒计划或延迟一年半载，该公司获取顾问的咨询，以提升上述科技；其中包括允许该计划获取更多废弃物，而不限固定获取废弃物。

目前，科恩马仍在获取近5000万英镑（2.708亿令吉）之融资，以开展上述废弃物转能源计划。

根据肯纳格初步估计，首期上述计划将可发电17.6兆瓦，可获3000万令吉盈利。

至于72%持股的泰国的生质乙醇（BioEthanol），将于2017年下半年方可商业化。

该泰国项目已延宕逾一年，今年5月推展Impress生质乙醇厂第二期工程，这项1亿5900令吉工程、采购、建筑、测试（EPCC）工程是颁发予其内部铸造厂，每日产能达30万公升。

次期厂房料2019年下半年完成

肯纳格预期次期厂房计划2019年下半年完成，以85%使用率或每日20万公升产能估算，预期12个月营运获1500万令吉盈利。

在边佳兰，科恩马未从加速的工程活动中受惠，目前其铸造业务专注执行关丹再生能源计划。

科恩马首季净亏330万令吉，相比前期盈利950万令吉，其亏损反映所获工程订单告减所累。2016财政年核心净亏达9710万令吉。

由于其前景蒙尘，肯纳格不再给予该股“短线买进”评级，合理价为28仙。

文章来源：
星洲日报／财经·文:张启华·2017.06.16

yilingchai

这股以前一块多，发生什么事，现在才二十多仙，好便宜，三十仙都不到，

墨士甲

yilingchai 发表于 27-6-2017 03:11 PM
这股以前一块多，发生什么事，现在才二十多仙，好便宜，三十仙都不到，

2007年去到 RM9.++，现在的它只有向下滑。

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	364,872	427,984	691,647	825,056
2	Profit/(loss) before tax	3,742	6,895	8,313	26,417
3	Profit/(loss) for the period	566	6,303	3,065	16,885
4	Profit/(loss) attributable to ordinary equity holders of the parent	502	6,792	2,464	17,579
5	Basic earnings/(loss) per share (Subunit)	0.02	0.32	0.12	0.82
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		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 ($$)	1.1300		1.1100

yilingchai

墨士甲 发表于 29-6-2017 02:17 PM
2007年去到 RM9.++，现在的它只有向下滑。

哇，以前有去到这么高，现在才23仙24仙，前辈叫我可以开始进场，再跌再加码，再再跌，又加，

墨士甲

yilingchai 发表于 4-9-2017 10:13 PM
哇，以前有去到这么高，现在才23仙24仙，前辈叫我可以开始进场，再跌再加码，再再跌，又加，

但是它的业绩不理想，这样下去不会倒闭吗？

cheeweey

又说有很多project~可是股价却是一步一步往下跌～跌到阿妈都不认得了

yilingchai

墨士甲 发表于 5-9-2017 09:54 AM
但是它的业绩不理想，这样下去不会倒闭吗？

上到最高30仙，有大起30巴仙，现在又跌回25.5仙，跌到24仙左右又可以买回了，

墨士甲

yilingchai 发表于 2-10-2017 10:40 PM
上到最高30仙，有大起30巴仙，现在又跌回25.5仙，跌到24仙左右又可以买回了，

说的对，我也有这样的预感，0.24 是进场的好价位。

yilingchai

墨士甲 发表于 4-10-2017 02:11 PM
说的对，我也有这样的预感，0.24 是进场的好价位。

开始起回去了，好快，赚少了，，

icy97

科恩马颁19亿EPCC合约
中国华西建英再生能源厂首期

2017年10月10日
（吉隆坡10日讯）科恩马（ KNM，7164，主板工业产品股）颁发价值3亿4600万英镑（约19亿令吉）的工程、采购、施工和调试（简称EPCC）合约，予深圳上市公司华西能源。

科恩马是通过英国子公司彼得伯勒（Peterborough）Green Energy，颁发英国彼得伯勒再生能源厂第一期项目的EPCC合约，予华西能源。

科恩马总执行长李瑞兴在出席签约仪式后向媒体指出，这项再生能源厂的建筑工程分为两期，第一期即建设产能达36兆瓦的再生能源厂房，项目为期37个月，预计明年首季动工。

齐探欧英潜能

他说，不排除第二期项目将继续与华西能源合作。随后，也可能共同探讨欧洲和英国再生能源市场的潜能。”

李瑞兴说，一旦该项目第一期工程及泰国厂房第二期工程完工并投入营运，料可贡献公司营业额50%的经常收入。

“再加上英国再生能源厂的第二期项目完工及投入营运后，经常收入有望贡献营业额的70%。”

一同出席签约仪式者包括，科恩马独立非执行董事兼主席拿督哈林慕希丁、华西能源董事长黎仁超，及副总裁兼财务总监杨向东。

冀泰国乙醇厂贡献20%盼转型再生能源业者

科恩马位于泰国的生物乙醇厂房，于今年4月尾竣工，目前已投入营运。

因此，该公司放眼泰国生物乙醇业务的经常性收入，在明年可占营业额的15至20%。

他点出，公司正在扩大泰国厂房的日产能，将从20万公升，进一步提升至50万公升。

探垃圾转化能源

同时，泰国业务方面已拥有生物乙醇厂房，下一步考虑探讨城市垃圾转化成能源的项目。

他希望公司可逐渐从油气行业下游业者，转型至再生能源业者，以达到长期内持有永续收入的目标。

目前，该公司正在泰国、英国和印尼市场，寻找更多再生能源项目的发展机会。

“我们考虑在大马发展的再生能源项目包括，将油棕仁渣转变成动物饲料、城市垃圾和指定废料转化成能源等。

科恩马现今收入的主要来源为合约项目，因此希望通过再生能源项目的发展，将经常性收入占营业额的比例，提高至70%。

缩小加国油砂业务

询及加拿大油砂业务进展？他答道，当地油砂活动剧减，情况并不乐观，惟盼望油价可获改善。

“我们已经尽量缩小加拿大油砂业务的营运活动。”

油气下游业务方面，他补充，目前公司订单高达22亿令吉，料可维持公司忙碌长达2年。

“但是，公司的收入来源正在转型，所以会将重心放在可贡献经常性收入的再生能源业务。”【e南洋】

Type	Announcement
Subject	OTHERS
Description	Award of Engineering, Procurement, Construction and Commissioning ["EPCC"] Contract by Peterborough Green Energy Ltd. ["PGEL"] to China Western Power Industrial Co. Ltd. ["CWPC"]
1.    Introduction KNM Group Berhad (“KNM”) is pleased to announce that its United Kingdom [“UK”] subsidiary, Peterborough Green Energy Ltd. [“PGEL”], has executed and awarded a GBP346.0 million (equivalent to approximately RM1.9 billion) EPCC Contract to China Western Power Industrial Co. Ltd. [“CWPC”] on a deferred payment scheme. The EPCC Contract pertains to the erection of a net 36MW Energy from Waste [“EfW”] Power Plant for its Peterborough Green Energy Project in UK for a period of 37 months from the commencement date of the construction, which is expected to commence in 1st quarter of 2018. 2.    Information about the parties KNM is a diversified multinational group with core businesses in process equipment manufacturing, provision of integrated solutions, project management, engineering and construction services for the renewable energy, power, utilities, refining and petrochemical industries. Peterborough Green Energy Ltd, a company incorporated in UK, is a wholly owned subsidiary of KNM Group Berhad. It is principally involved in developing and operating the Peterborough Green Energy Project. CWPC, a company incorporated in UK, is listed on the Shenzen Stock Exchange. It principally undertakes research & development, manufacturing and exporting large scale boilers, auxillary equipment and is an EPCC service provider for energy and power stations. CWPC also has investments into waste treatment facilities in China. 3.    Approvals The award is not subject to the approval of the shareholders of KNM or any regulatory authority in Malaysia or UK. 4.     Directors' and major shareholders' interest None of the directors and/or major shareholders of KNM, and/or any persons connected with them, have any direct or indirect interest in the said EPCC Contract. 5.     Effect of the Project Upon successful completion and commissioning of the plant, the Project is expected to yield positive returns in line with KNM’s long term strategic direction of generating sustainable and recurring income streams from its renewable energy businesses for KNM Group. This announcement is dated 10 October 2017.

墨士甲

yilingchai 发表于 9-10-2017 10:51 PM
开始起回去了，好快，赚少了，，

我也是没有进到场。。。

icy97

Expiry/Maturity of the securities

KNM GROUP BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Type Of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price	Cash
Exercise/ Strike/ Conversion Price	Malaysian Ringgit (MYR) 0.9800
Exercise/ Conversion Ratio	1:1
Settlement Type / Convertible into	Physical (Shares)
Last Date & Time of Trading	30 Oct 2017 05:00 PM
Date & Time of Suspension	31 Oct 2017 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	08 Nov 2017 04:00 PM
Date & Time of Expiry	15 Nov 2017 05:00 PM
Date & Time for Delisting	16 Nov 2017 09:00 AM

Please refer attachment below.

Attachments KNM Group Berhad - Notice to Warrant Holders.pdf

icy97

科恩马有望转型再生能源公司

（吉隆坡11日讯）科恩马集团（KNM,7164,主板工业产品组）位于英国彼得堡的再生能源发电厂，在交由深圳上市公司华西能源进行设计、采购、施工及启用（EPCC）后，终于进入一个新的里程碑。

有关合约总值为3亿4600万英镑（约19亿令吉），预计明年首季动工，37个月后竣工并投运。

马银行证券说，这是一项提振市场情绪的利好消息，该公司可望因而转型成为再生能源公司。不过，在真正取得盈利前，该行只保持评级，目标价维持25仙（即净有形资产的0.5倍）。

“由于有关计划自2012年已开始商谈，现有终于有了一点眉目，将能提振市场情绪。”

该行补充，过去融资将是一大问题，惟由于这是一项私人融资计划，科恩马正加速发展步伐，由之前计划的18兆瓦扩大至目前的36兆瓦，且以现有地皮来看，还可达到80兆瓦的最适规模。

根据初步评估，这项计划提供10%内部收益。同时，在2021至2025年期间，每年可望为科恩马创造1400万至2500万英镑（约7700万至1亿3500万令吉）的净利，这是依持有80%股权、资本开销3亿7000万英镑及85%使用率计算。



文章来源：
星洲日报／财经‧2017.10.12

icy97

科恩马
再生能源成主要贡献

2017年10月17日

分析:马银行投行研究
目标价：25仙

最新进展

科恩马（ KNM，7164，主板工业产品股）颁发价值3亿4600万英镑（约19亿令吉）的工程、采购、施工和调试（简称EPCC）合约，予深圳上市公司华西能源。

科恩马是通过英国子公司彼得伯勒（Peterborough）Green Energy，颁发英国彼得伯勒再生能源厂第一期项目的EPCC合约，予华西能源。

该厂房预计将在2021年开始营运，为公司贡献净利。

行家建议

我们看好该项进展，再生能源业务的执行，将成为该公司收入转型的主要关键。

上述工程将在明年首季动工，耗时37个月，预计2021年首季投入营运，产能也将从18兆瓦，提升至36兆瓦。

考虑到厂房的土地面积，预计产能可达最理想的80兆瓦。

根据初步分析，假设该项目有25年的使用权，便可提供10%的内部投资回酬率（IRR）。

基于该公司80%的股权、3亿7000万英镑（约20.75亿）的资本开销及85%的使用率，该项目在2021年至2025年，有望贡献1400万至2500万英镑（约7700万至1.35亿令吉）的年净利。

依据9%的加权平均资本成本（WACC），预计该项目的净现值（NPV）达每股27仙。



【e南洋】

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF KNM TRANSPARENT ENERGY SDN BHD
1.         INTRODUCTION Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KNM Group Berhad (“KNM” or “the Company”) wishes to announce that its wholly-owned subsidiary, KNM Process Systems Sdn Bhd, had on 19 October 2017 incorporated a new wholly-owned subsidiary, KNM Transparent Energy Sdn Bhd (“KNMTE”). 2.         INFORMATION ON KNMTE KNMTE was incorporated as a private limited company in Malaysia on 19 October 2017 and has a paid-up share capital of RM2.00 comprising 2 ordinary shares. Its registered office is at 15, Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan. It is currently dormant but will be principally involved in the provision of project management, engineering, procurement, construction and commissioning of waste heat recovery system. 3.         FINANCIAL EFFECTS The above incorporation will not have any material effect on KNM’s earnings and net assets for the financial year ending 31 December 2017. 4.         RATIONALE The said incorporation is in line with the long term strategic plans of the Group. 5.         INTEREST OF DIRECTORS AND/OR SUBSTANTIAL SHAREHOLDERS AND/OR PERSON CONNECTED TO THEM None of the Directors and/or substantial shareholders or the Company, and/or persons connected to such Directors and/or substantial shareholders has any interest, direct or indirect, in the said incorporation. 6.       DIRECTORS’ STATEMENT The Board of Directors of the Company is of the opinion that the incorporation of a new wholly-owned subsidiary is in the best interest of the Group. 7.       APPROVAL REQUIRED The said incorporation is not subject to the approval of any relevant authorities and/or the shareholders of KNM. This announcement is dated 19 October 2017.

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科恩马私配筹5332万还债

2017年11月12日
（吉隆坡11日讯）科恩马（KNM，7164，主板工业产品股）建议通过私下配售给第三方投资者，集资最多5332万350令吉，用作偿还债务等。

该公司向交易所报备，假设发行价为每股25仙，是5日交易量加权平均市价（VWAP）折价7.27%。

在所筹得的资金中，75%的资金或4000万令吉将作为未来12个月的银行贷款偿还。

另外的1186万5000令吉将用作未来1个月的营运资本，剩余资金将支付本次私下配售开销。

该公司预计上述活动在明年首季完成，并解释，私配是最合适的筹资方法，因为无须支付利息或偿还贷款，让公司保留现金来重新投资与增长。 【e南洋】

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	KNM GROUP BERHAD ("KNM" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN KNM
On behalf of the Board of Directors of KNM, M&A Securities Sdn Bhd wishes to announce that the Company proposes to implement a private placement of up to 213,281,400 new ordinary shares in KNM to independent third party investor(s) to be identified (“Proposed Private Placement”). Further information on the Proposed Private Placement is disclosed in the attachment herein. This announcement is dated 10 November 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5599973

Attachments KNM Proposed Private Placement 101117.pdf