Stock Name: KNM
Company Name: KNM GROUP BHD
Research House: HWANGDBS
KUALA LUMPUR: KNM GROUP BHD [] remains a Buy at Hwang DBS Vickers Research at RM1.90 and has a 12-month target price of RM 3.35.
It said on Tuesday, June 14 KNM which is currently trading at attractive valuation of only 8x FY12 EPS, making it one of the cheapest O&G stocks in Malaysia.
'The recent sell-down by investors, due to disappointing 1Q11 earnings, is excessive. We remain bullish on KNM's long-term prospect and the full impact of normalised margins will be reflected in FY12. We recommend investors to buy on weakness,' it said.
Company Name: KNM GROUP BHD
Research House: HWANGDBS
KUALA LUMPUR: KNM GROUP BHD [] remains a Buy at Hwang DBS Vickers Research at RM1.90 and has a 12-month target price of RM 3.35.
It said on Tuesday, June 14 KNM which is currently trading at attractive valuation of only 8x FY12 EPS, making it one of the cheapest O&G stocks in Malaysia.
'The recent sell-down by investors, due to disappointing 1Q11 earnings, is excessive. We remain bullish on KNM's long-term prospect and the full impact of normalised margins will be reflected in FY12. We recommend investors to buy on weakness,' it said.
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