October 4, 2010

KNM - KNM gains after HwangDBS 'buy' call

Stock Name: KNM
Company Name: KNM GROUP BHD
Research House: HWANGDBS



KNM Group Bhd, a Malaysian oil and gas services provider, rose to its highest level in a week in Kuala Lumpur trading after HwangDBS Vickers Research Sdn Bhd upgraded the stock to "buy" from "hold".

Its shares gained 1.1 per cent to 46.5 sen at 9:07 a.m. local time, set for their highest close since Sept. 27.

KNM has potential orders valued at RM3 billion next year, HwangDBS said in a report today. -- Bloomberg





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