7164 KNM KNM GROUP BHD
the Articles

Clarification to the articles dated 17 March 2009 appearing in :-
a. The Edge Financial Daily and entitled KNMs Lee will consider leading buyout
if banks can raise funds
b. The Star and entitled MBO of KNM hinges on funds
c. The News Straits Times and entitled KNMs Lee may lead buyout if banks can
provide funding
(collectively referred to as the Articles)
In respect of the Articles, which were written based on Bloombergs
report/article appearing on 16 March 2009 and entitled KNMs Lee Will Consider
Leading Buyout If Banks Can Raise Funds, the Company wishes to clarify as
follows:-
When asked by Mr Angus Whitley of Bloomberg as to whether Mr Lee Swee Eng
believes that the shares of KNM are undervalued and whether, as a result, Mr
Lee would consider a Management Buy Out of the Company, Mr Lee responded in the
affirmative but clearly went on to add that funding for such an exercise would
be challenging in this environment and that there is currently no offer from
any party to provide funding for such a transaction.
This announcement is dated 17 March 2009.

---

Added on March 17, 2009, 5:30 pmKinstel should be a good buy at current price. I think steel counters can shoot up significantly when steel demand move up as they have write off so much inventories. These inventories is only paper write off, so when demand comes, these inventories can be sell at normal price. The only problem is the demand must be strong enough to clear off all the inventories and current supplies...

This post has been edited by chyaw: Mar 17 2009, 05:30 PM

Resort suddenly turn red. Big fish pushing down Resort?

more than half of current KLCI transaction value is from Resort!!! Something is happening in Resort!!!

Where did you get this news from?

The chances of jumping to the wrong hole is higher normally...

Big fish swin away jor? Resort back to normal???

Well, Maybank said hold wor. Below is the research on Sapcres



Attached File(s)
 download.pdf ( 113.59k ) Number of downloads: 41

No problem! Take note this is recommendation from Maybank. Good for reference but need do your own analysis.

Today OSK shoot up so much! Can make some peanut profit jor! Anyway, I normally hold shares for few years. I don't like to eat peanuts.

Maybe they want to scare the small fish. So that later they can buy back at even lower price?

guys! I noticed that BDI drop below $2000 jor. Bad news for Maybulk?

You make prediction based on your dream? Cool!
I hope I can dream about some numbers, then I can buy Toto!!!

Going to drop soon like the past few days???

Maybulk red now. Seller significantly more than buyer!!!

Maybank, personally I think better get it after rights issues (for long term investment).

Resort quite unlikely to be privatized in my opinion. Maybe some research houses want to boost the price.

That's my average buying price...

Public bank turn red jor. I think KLCI will also turn red later on.

What's the latest rumour? Didn't hear anything ler.

It will be good if Genting can return to its former value as I've no plan to buy any more Genting (hit my quota).
Maybank still green!!! I wonder if it due to research paper and news paper recommending buy on Maybank