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[公司专区] 7164 KNM 科恩馬

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发表于 2020-4-9 16:21 | 显示全部楼层
O&G counters rally ahead of Opec+ meeting later today
Wong Ee Lin
/
theedgemarkets.com

April 09, 2020 11:09 am +08

KUALA LUMPUR (April 9): Shares of oil and gas (O&G) counters have risen in active trade today on the back of expectations that the world's largest oil producers would agree to cut production at a meeting later in the day.

At 10.37am, Hibiscus Petroleum Bhd was up three sen or 5.94% at 53.5 sen, with some 51.21 million shares traded, making it the third most active counter on Bursa Malaysia now.

Sapura Energy Bhd shares were half a sen or 4.76% higher at 11 sen. Some 32.79 million shares were traded.

Other energy-related counters that rallied and saw more than 20 million shares traded now were Bumi Armada Bhd (5.71%), Velesto Energy Bhd (3.03%), KNM Group Bhd (6.25%) and Alam Maritim Resources Bhd (6.67%).

All indices on Bursa Malaysia were in the positive territory, but the clear winner was Bursa Malaysia Energy Index, which was up 26.08 points or 3.62% at 745.79 points.

As of writing, Brent crude futures rose some 2.68% to US$33.72 per barrel. Oil prices fell to as low as US$22.74 per barrel last month, some 66% plunge from US$66 per barrel at the beginning of this year, after the failure of talks in early last month between the Organization of the Petroleum Exporting Countries (OPEC) and other leading oil producers including Russia.

Reuters reported that OPEC and allies including Russia — a group known as OPEC+ — are set to convene a video conference meeting on Thursday, adding that the meeting is expected to be more successful than their gathering in March, where they failed to agree to extend supply cuts and triggered a price war between Saudi Arabia and Russia.

Hopes of an agreement to cut between 10 million and 15 million barrels per day (bpd) rose after media reports suggested Russia was ready to reduce its output by 1.6 million bpd and Algeria's energy minister said he expected a "fruitful" meeting, the newswire added.

“Such a sizable reduction would be far bigger than any production cut OPEC has ever agreed on,” said Reuters.

Read also: Crude futures climb ahead of OPEC+ meeting

Website:
https://www.theedgemarkets.com/a ... meeting-later-today

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发表于 2020-4-17 20:55 | 显示全部楼层
Are KNM Group Berhad’s (KLSE:KNM) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Simply Wall St
2 days ago

Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. Having said that, sometimes statutory profit levels are not a good guide to ongoing profitability, because some short term one-off factor has impacted profit levels. Today we’ll focus on whether this year’s statutory profits are a good guide to understanding KNM Group Berhad (KLSE:KNM).

We like the fact that KNM Group Berhad made a profit of RM47.8m on its revenue of RM1.64b, in the last year. Even though revenue has remained steady over the last three years, you can see in the chart below that the company has moved from loss-making to profitable.

Check out our latest analysis for KNM Group Berhad


KLSE:KNM Income Statement April 15th 2020
KLSE:KNM Income Statement April 15th 2020
Importantly, statutory profits are not always the best tool for understanding a company’s true earnings power, so it’s well worth examining profits in a little more detail. In this article we’ll look at how KNM Group Berhad is impacting shareholders by issuing new shares. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of KNM Group Berhad.

To understand the value of a company’s earnings growth, it is imperative to consider any dilution of shareholders’ interests. In fact, KNM Group Berhad increased the number of shares on issue by 12% over the last twelve months by issuing new shares. That means its earnings are split among a greater number of shares. To celebrate net income while ignoring dilution is like rejoicing because you have a single slice of a larger pizza, but ignoring the fact that the pizza is now cut into many more slices. Check out KNM Group Berhad’s historical EPS growth by clicking on this link.

A Look At The Impact Of KNM Group Berhad’s Dilution on Its Earnings Per Share (EPS).
KNM Group Berhad was losing money three years ago. Zooming in to the last year, we still can’t talk about growth rates coherently, since it made a loss last year. What we do know is that while it’s great to see a profit over the last twelve months, that profit would have been better, on a per share basis, if the company hadn’t needed to issue shares. So you can see that the dilution has had a bit of an impact on shareholders. Therefore, the dilution is having a noteworthy influence on shareholder returns. And so, you can see quite clearly that dilution is influencing shareholder earnings.

If KNM Group Berhad’s EPS can grow over time then that drastically improves the chances of the share price moving in the same direction. But on the other hand, we’d be far less excited to learn profit (but not EPS) was improving. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company’s share price might grow.

Our Take On KNM Group Berhad’s Profit Performance
KNM Group Berhad issued shares during the year, and that means its EPS performance lags its net income growth. Therefore, it seems possible to us that KNM Group Berhad’s true underlying earnings power is actually less than its statutory profit. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. Of course, we’ve only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you want to do dive deeper into KNM Group Berhad, you’d also look into what risks it is currently facing. For instance, we’ve identified 4 warning signs for KNM Group Berhad (1 can’t be ignored) you should be familiar with.

Today we’ve zoomed in on a single data point to better understand the nature of KNM Group Berhad’s profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.


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Categories: MY

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KNM Group Berhad(KLSE:KNM)的法定收入是否充分反映了其收入潛力?
 只是華爾街
2天前

從統計學上講,投資於盈利性公司的風險要比不盈利性公司低。話雖如此,有時法定利潤水平並不是持續盈利的良好指南,因為一些短期的一次性因素已經影響了利潤水平。今天,我們將集中討論今年的法定利潤是否是了解KNM Group Berhad(KLSE:KNM)的良好指南。

我們喜歡KNM Group Berhad在去年以其1.64億令吉的收入獲利4,780萬令吉的事實。即使收入在過去三年中保持穩定,您仍可以在下表中看到該公司已從虧損變為盈利。

查看我們對KNM Group Berhad的最新分析


KLSE:KNM損益表2020年4月15日
KLSE:KNM損益表2020年4月15日
重要的是,法定利潤並非總是了解公司真正盈利能力的最佳工具,因此值得更詳細地研究利潤。在本文中,我們將探討KNM Group Berhad通過發行新股如何影響股東。注意:我們始終建議投資者檢查資產負債表的強度。單擊此處,進入KNM Group Berhad的資產負債表分析。

為了了解公司收入增長的價值,必須考慮股東利益的任何稀釋。實際上,在過去的十二個月中,KNM Group Berhad通過發行新股將發行的股票數量增加了12%。這意味著其收益將分配給更多的股票。慶祝淨收入而忽略稀釋,就像喜樂一樣,因為您只有一小塊更大的比薩餅,卻忽略了現在比薩被切成更多薄片的事實。點擊此鏈接,查看KNM Group Berhad的歷史EPS增長。

看看KNM Group Berhad的攤薄對其每股收益(EPS)的影響。
三年前,KNM Group Berhad虧損。放大到去年,我們仍然不能連貫地談論增長率,因為它去年虧損了。我們所知道的是,雖然很高興看到過去12個月的利潤,但如果公司不需要發行股票,那麼按每股收益計算的利潤會更好。因此,您可以看到稀釋對股東產生了一些影響。因此,稀釋對股東回報有顯著影響。因此,您可以很清楚地看到攤薄影響股東收益。

如果KNM Group Berhad的EPS能夠隨著時間增長,那將大大提高股價朝同一方向發展的機會。但是,另一方面,我們對獲利(而不是每股收益)的提高並不感到興奮。因此,假設目標是評估公司的股價是否會增長,那麼從長遠來看,每股收益比淨收益更為重要。
我們對KNM Group Berhad的盈利表現的看法
KNM Group Berhad在這一年發行了股票,這意味著其EPS業績落後於其淨收入增長。因此,在我們看來,KNM Group Berhad的真正潛在收益能力實際上低於其法定利潤。從好的方面來說,在去年虧損之後,該公司今年表現出了足夠的進步以實現盈利。當然,在分析其收益時,我們只是摸索了一下。人們還可以考慮利潤率,預測增長和投資回報率等因素。如果您想更深入地了解KNM Group Berhad,還可以了解其當前面臨的風險。例如,我們為您應熟悉的KNM Group Berhad確定了4個警告標誌(不能忽略1個)。

今天,我們放大了一個數據點,以更好地了解KNM Group Berhad利潤的性質。但是,如果您有能力將注意力集中在細節上,總會有更多發現。有些人認為高股本回報率是優質業務的一個好兆頭。因此,您可能希望看到這些免費的公司擁有較高的股本回報率,或者內部人員正在購買的股票清單。

如果發現需要糾正的錯誤,請聯繫編輯器,電子郵件:editerling-team@simplywallst.com。 Simply Wall St的這篇文章本質上是一般性的。它不構成買賣任何股票的建議,也不考慮您的目標或財務狀況。華爾街只是在提到的股票中沒有頭寸。

我們旨在為您帶來由基礎數據驅動的長期重點研究分析。請注意,我們的分析未考慮最新的價格敏感公司公告或定性材料。感謝您的閱讀。


發現新投資想法的最簡單方法
通過Simply Wall St尋找下一筆投資時,可以節省大量研究時間。尋找基於其未來現金流量可能被低估的公司嗎?或者,您正在尋找可持續的股息支付者或具有高增長潛力的股票。自定義搜索以輕鬆找到與您的投資目標相匹配的新投資機會。而最好的事情呢?免費。點擊這裡了解更多。
分類:MY

網站:
https://www.google.com/amp/s/sim ... ings-potential/amp/

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发表于 2020-4-30 20:01 | 显示全部楼层
新聞
休盤點評
馬股上漲1.44% 突破1400點關口
Surin Murugiah
/
theedgemarkets.com

April 30, 2020 13:49 pm +08

(吉隆坡30日訊)政府放寬行動限制令(MCO)及原油價格上漲,提振馬股攀升1.44%,突破1400點關口。配合5月1日勞動節,馬股明日休市。

同時,西德克薩斯中質油(​​WTI)期貨升至每桶17.35美元高位,0350 GMT時上漲14.3%或2.15美元,報17.21美元。該美國指標油價週三飆升22%。

截至中午12時30分,富時隆綜指上漲19.9點,至1400.2點。

上升股554只,下跌股224只,349只無起落。成交量達36億4000股。

上升股包括Nestle (M) Bhd、Fraser & Neave Holdings Bhd、Kuala Lumpur Kepong Bhd、Petronas Chemicals Group Bhd、Malaysia Airports Holdings Bhd、Petronas Dagangan Bhd、Public Bank Bhd及Tenaga Nasional Bhd。

熱門股有Sapura Energy Bhd、Key Alliance Group Bhd、Vortex Consolidated Bhd、Velesto Energy Bhd、KNM Group Bhd、AirAsia Group Bhd和AirAsia X Bhd。

下跌股為United Malacca Bhd、Allianz Malaysia Bhd、Hartalega Holdings Bhd、Rapid Synergy Bhd和與恆生指數掛鉤的認沽憑單。

路透社報導,受到新冠肺炎的治療方案取得進展及油價上漲提振,東南亞股市週四走高。

新加坡股市一度彈升2.3%至接近兩周高位,領漲亞股,主要是星展集團(DBS Group Holdings)股價走高。

肯納格投資銀行研究表示,從圖表上看,富時隆綜指從此前的超賣位置反彈,縮小了3月中旬市場崩盤期間拉開的缺口,綜指在測試後可能面臨新的賣壓,但無法突破50日移動均線切入位。

“從圖表上看,我們的支撐水平為1360點(S1)及1310點(S2),阻力水平為1400點(R1)及1420點(R2)。”

(編譯:魏素雯)

https://www.theedgemarkets.com/a ... 9%E5%85%B3%E5%8F%A3

English version:KLCI climbs 1.44% to cross 1,400 threshold

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发表于 2020-4-30 20:52 | 显示全部楼层
本帖最后由 CUTERABBITGROUP 于 2020-5-1 12:29 编辑

今天(30.04.2020)買入訊號出現啦:
信號更新今天系統建議買入。形態最終得到確認,因為價格移動至高於處於0.1275的確認點,目前我們的有效平均買入價格為0.1310。先前的賣出建議於17/04/2020發出,13 天)前,股價為0.1580時。此後,7164已下跌了-17.09%。市場前景讓我們騎上白馬,開始牛勢之旅。先前確認的牛勢形態最終確認, 買入信號產生。最可能的是,這是參與多頭熱情的好時機。市場提示你有新的收益。不要錯過這個看漲機會。
https://www.malaysianbulls.com/m ... =zh&Ticker=7164

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发表于 2020-5-2 08:28 | 显示全部楼层
5月2日財經早餐:市場風險情緒惡化,美元持穩商品貨幣大跌,黃金升上1700關口,美油三連陽本週漲近15%
FX678 | 2020年5月2日06:20

5月2日財經早餐:市場風險情緒惡化,美元持穩商品貨幣大跌,黃金升上1700關口,美油三連陽本週漲近15%
週五(5月1日)美元指數持穩,盤中一度觸及超過一個月低點至98.76,避險貨幣日元,瑞郎上漲,風險貨幣澳元,紐元和加元兌美元均跌超1 %,聯合國美國總統威脅威脅將就冠狀病毒疫情採取報復行動;受避險需求提振,現貨黃金收於1700美元關口之上,較日低迴升近30美元。採取全球減產開始提振現貨市場,且OPEC及其盟友開始創紀錄的減產,美油連漲三日,本周大漲近15%。

商品收盤方面,COMEX 6月黃金期貨收漲0.4%,報1700.90美元/盎司,本周則累跌2.0%。WTI6月原油期貨收漲0.94美元,漲幅4.99%,結算價報19.78美元/桶;布倫特7月原油期貨收跌0.04美元,跌幅0.15%,結算價報26.44美元/桶。

美股三大指數收盤均跌超2%,標普500指數收盤下跌81.70點,跌幅2.81%,報2830.71點;納斯達克指數收盤下跌284.60點,跌幅3.20%,報8604.95點;道瓊斯指數收盤下跌622.00點,跌幅2.55%,報23723.69點。


全球主要市場行情一覽

名稱最新價漲跌落漲跌幅最高最低昨收
日經22519619.35-574.34-2.84%20000.2519551.7320193.69
英國FTSE1005763.06-138.15-2.34%5901.215746.065901.21
道瓊斯工業指數23723.69-622.03-2.55%24120.7823645.3024345.72
納斯達克指數8604.95-284.60-3.20%8754.468566.848889.55
標普5002830.71-81.72-2.81%2869.092821.612912.43

美國股市週五下跌,與冠狀病毒有關的盈利前景以及貿易緊張關係打壓了市場;標普500指數下跌近3%,本週逐步小幅走低,從而亞馬遜和蘋果公司都就病毒大流行的影響發表了Sit Investment Associates Inc.的投資組合經理布萊斯·多蒂(Bryce Doty)表示,儘管標普500指數在4月份創下了1987年以來的最佳月度表現,但業績報告和經濟數據提醒人們痛苦結束,業績依然是雷區,由於缺乏確定性,真的不知道會發生什麼。

貴金屬與原油
金價星期五走高,現貨黃金一度張逾1%,較日低反彈35美元,刷新日高1705.86美元/日元,因美國總統逐步的關稅報價,導致市場風險情緒惡化,美股大跌,這刺激藍線期貨的首席市場策略師Phil Streble表示,我們看到美股表現表現疲弱,從而似乎在暗示貿易摩擦將捲土重來;聽到這樣的消息,許多投資者出脫了可能受此影響的各類資產,並重新投資於安全資產,特別是黃金。

美油週五上漲4.5%,盤中稍早一度升至20美元以上;布倫特原油結算價報在每桶26美元之上,兩大指標原油均質錄得圍繞來首次週度上升,布油本週上漲約6%,美油上漲約15%;因石油輸出國組織(OPEC)及其盟友開始創紀錄的減產,以解決新冠狀病毒危機導致的供應過剩問題。

4月,美國原油一度跌至歷史低點,並有記錄以來首次首次跌入負值,而布倫特原油價格跌至近21年來的最低點,因大流行侵蝕需求,且OPEC和其他產油國在達成新的供應協議前提高了產量。新減產協議從周五開始實施。

能源服務公司貝克休斯表示,美國能源企業連續第七週削減活躍的鑽機數,目前活躍的鑽機數取代325位,為2016年6月以來的最低水平,這也給美國原油帶來支撐。由OPEC ,俄羅斯和其他產油國組成的OPEC +已同意從5月1日起減產970萬桶/日。

根據美國銀行全球研究的一份報告,全球石油庫存的增勢可能在4月見頂,石油需求較上年同期萎縮近2500萬桶/日。現在,各國正在放鬆封鎖措施,這在OPEC +減產效,其他產油國減產之際,提振了需求。

機構調查顯示,在新一輪減產實施之前,OPEC大幅提高產量至2019年3月以來最高,令已經供應過剩的市場雪上加霜。

伊拉克是歐佩克第二大產油國。


外匯

週五美元和避險貨幣走高,因美國總統威脅威脅將就冠狀病毒疫情採取報復行動,市場風險惡化,且大型企業的盈利前景導致股市大跌。澳元和紐元領跌G-10貨幣,因經濟數據疲弱且商品市場多數走勢低迷,加元創4月中旬以來最大跌幅。
美元指數上漲0.03%至99.05,週跌幅1.17%;在數據顯示美國4月份製造業發展創紀錄下降後,市場的避險情緒升溫。達拉斯聯儲主席卡普蘭稱,第二季度美國經濟可能會折合年率萎縮30%,失業率可能會達到20%,到年底時失業率仍在8%-10%左右

三菱日聯金融集團(MUFG)研究主管德里克·哈爾普尼(Derek Halpenny)表示,針對疫情的影響範圍之大,通過封鎖措施解除,地緣政治緊張局勢升級的風險肯定很高;這將是全球貿易遭受的又一次打擊,後市將進一步支撐美元。

歐元兌美元上漲0.24%至1.0981,十年曾觸及4月1日以來的最高水平1.1017;預算歐洲採取措施幫助銀行融資;該匯率一個多月以來首次超過100日移動均線,上看200日均線上的1.1035;英鎊兌美元美元盤中最多下降0.9%至1.2486。

美元兌日元下跌0.25%至106.91,盤中跌幅高達0.5%;行動經濟學在一份報告中表示,美國總統逐步的言論令股市惡化,在避免風險操作時期,日元跑贏,而商品貨幣的表現遜於其他貨幣。美元兌瑞郎跌0.4%至0.9614,一度下降0.7%,至3月31日以來最低。

美元兌美元兌加元漲幅1.03%至1.4089;加拿大加拿大新宣布的過渡行長Tiff Macklem說負利率是可以兌換成支持經濟的工具之一;加元也因避險取代而承壓。據一名加拿大策略師稱,在空頭回補推動下,該匯率盤中一度走高1.2%至1.4110。歐元兌加元盤中漲幅觸及1.7%,為近一個月來最大。

澳元兌美元下跌1.44%至0.6418,4個月逐步增長超過6%;紐元兌美元下跌1.08%至0.6061;離岸人民幣兌美元美元也走軟,報7.1352,跌0.76%,為4月2日以來最大單日跌幅。


國際要聞

【美聯儲將下週每周美國國債購買金額超過80億美元】美聯儲在周五表示,關聯在5月4日至8日期間以每天約80億美元的速度購買證券,美聯儲本週每天的購買金額約100億美元。美聯儲的國債購買操作始於3月13日,3月19日至4月1日期間達到最高峰,規模為每天750億美元;根據美聯儲的操作安排,每天將安排一次或兩次操作,目標為名義國債和通貨膨脹保值債券。
【美國4月Markit製造業PMI終值36.1,錄得2009年3月以來最低水平】

【美聯儲布拉德:美聯儲在美國經濟數據變得足夠好前不會加息】布拉德稱,預計在經歷糟糕的第二季度後,經濟將會復蘇,不認為危機導致經濟造成持久性對持續不斷的擴展,不期而至,經濟問題主要是第二季度現象,然後我們將開始復蘇,並在2020年下半年恢復正常。

【英國首相約翰遜將在下週開始和美國進行貿易談判。】英國首相約翰遜將在下週開始和美國進行貿易談判。

【美國白宮新聞秘書表示,美國正在向戰略石油儲備(SPR)注入7500萬桶石油】稱量美國正在轉移戰略石油儲備,基本上不出於任何目的。

【美國至5月1日當周石油鑽井總數325口連續七週切割鑽孔平台】美國油服貝克休斯週報顯示,5月1日當週,美國活躍的石油鑽井數下降53台至325台(最高下降482台),創2016年6月份以來新低,預期下降15台。5月1日當週,美國活躍的天然氣轉化數下降4台至81台;活躍的總鑽井數下降57台至408台。

【機構調查顯示,歐佩克石油4月產量增加173萬桶/日至3036萬桶/日,石油產量增幅為30年來最大;沙特4月原油產量增至紀錄新高的1140萬桶/日】


國內要聞

【個人理財再添新渠道萬億債轉股機構對接資管新規】據證券時報,銀保監會《關於金融資產投資公司開展資產管理業務有關事項的通知》已於近日向其中下一發,核心是根據《通知》,合格投資者投資單只債券轉股投資計劃的金額不低於300萬元。多數的是,AIC資管業務的合格投資者,無論是自然人還是法人,門生物學要求都高於資管新規。
作者:FX678

英為財經:
https://m.cn.investing.com/news/forex-news/article-1938321

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发表于 2020-5-3 09:58 | 显示全部楼层
本帖最后由 CUTERABBITGROUP 于 2020-5-3 10:00 编辑

高盛:油價基本面改善 未來將分3階段上漲
2020-05-02 14:37:02
  

高盛指出,隨著疫情管控措施放寬,石油供應減少、需求趨穩,油價基本面已見改善跡象。(路透)

〔財經頻道/綜合報導〕高盛(Goldman Sachs)分析師週五發佈報告,重新上調對國際油價的預測,由於疫情管控措施放寬,石油供應減少、需求趨穩,高盛認為油價基本面已見改善跡象,未來將分3階段上漲。

綜合外媒報導,高盛將今年第2季對布蘭特原油價的預測,自每桶20美元上調至每桶25美元,同時將全年預測自每桶35.2美元上調至每桶35.8美元。


儘管如此,高盛預測的全年油價仍低去年,布蘭特原油在2019年的平均價格為每桶64.16美元。

高盛分析師團隊指出,石油供應已開始迅速下降,需求甚至在封鎖措施放寬之前就有所改善,儘管供需要達到平衡還須幾週時間,油市目前看來似乎已通過儲油能力的考驗。

高盛分析師Damien Courvalin指出,隨著市場開始進行再平衡,預計油價將分3階段上漲,從紓緩期至週期性緊縮,最後再到結構性定價。

整體而言,高盛仍看漲油價,認為到2021年布蘭特原油能觸及每桶65美元,但投資者必須耐心等待。

自由時報"自由財經":
https://ec.ltn.com.tw/amp/article/breakingnews/3152781

星洲網"財經":
https://www.sinchew.com.my/pad/con/content_2264228.html

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发表于 2020-5-11 12:38 | 显示全部楼层
本帖最后由 CUTERABBITGROUP 于 2020-5-11 12:40 编辑

Does KNM Group Berhad (KLSE:KNM) Have A Healthy Balance Sheet?
Simply Wall St
6 days ago
David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital. So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a company is. We note that KNM Group Berhad (KLSE:KNM) does have debt on its balance sheet. But should shareholders be worried about its use of debt?

When Is Debt Dangerous?
Generally speaking, debt only becomes a real problem when a company can’t easily pay it off, either by raising capital or with its own cash flow. Part and parcel of capitalism is the process of ‘creative destruction’ where failed businesses are mercilessly liquidated by their bankers. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return. The first step when considering a company’s debt levels is to consider its cash and debt together.

View our latest analysis for KNM Group Berhad

How Much Debt Does KNM Group Berhad Carry?
The chart below, which you can click on for greater detail, shows that KNM Group Berhad had RM1.45b in debt in December 2019; about the same as the year before. However, because it has a cash reserve of RM343.7m, its net debt is less, at about RM1.11b.


KLSE:KNM Historical Debt May 4th 2020
KLSE:KNM Historical Debt May 4th 2020
How Strong Is KNM Group Berhad’s Balance Sheet?
The latest balance sheet data shows that KNM Group Berhad had liabilities of RM1.03b due within a year, and liabilities of RM1.27b falling due after that. On the other hand, it had cash of RM343.7m and RM641.4m worth of receivables due within a year. So its liabilities total RM1.31b more than the combination of its cash and short-term receivables.

This deficit casts a shadow over the RM353.9m company, like a colossus towering over mere mortals. So we’d watch its balance sheet closely, without a doubt. At the end of the day, KNM Group Berhad would probably need a major re-capitalization if its creditors were to demand repayment.

We measure a company’s debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).

KNM Group Berhad shareholders face the double whammy of a high net debt to EBITDA ratio (5.5), and fairly weak interest coverage, since EBIT is just 2.3 times the interest expense. This means we’d consider it to have a heavy debt load. One redeeming factor for KNM Group Berhad is that it turned last year’s EBIT loss into a gain of RM147m, over the last twelve months. The balance sheet is clearly the area to focus on when you are analysing debt. But it is KNM Group Berhad’s earnings that will influence how the balance sheet holds up in the future. So when considering debt, it’s definitely worth looking at the earnings trend. Click here for an interactive snapshot.

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. So it’s worth checking how much of the earnings before interest and tax (EBIT) is backed by free cash flow. Looking at the most recent year, KNM Group Berhad recorded free cash flow of 21% of its EBIT, which is weaker than we’d expect. That’s not great, when it comes to paying down debt.

Our View
To be frank both KNM Group Berhad’s net debt to EBITDA and its track record of staying on top of its total liabilities make us rather uncomfortable with its debt levels. But at least its EBIT growth rate is not so bad. Taking into account all the aforementioned factors, it looks like KNM Group Berhad has too much debt. While some investors love that sort of risky play, it’s certainly not our cup of tea. The balance sheet is clearly the area to focus on when you are analysing debt. However, not all investment risk resides within the balance sheet – far from it. For example, we’ve discovered 4 warning signs for KNM Group Berhad (1 is a bit concerning!) that you should be aware of before investing here.

When all is said and done, sometimes its easier to focus on companies that don’t even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.



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Categories: MY

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KNM Group Berhad(KLSE:KNM)的資產負債表健康嗎?
 只是華爾街
6天前
大衛·伊本(David Iben)說得很好,‘波動不是我們關心的風險。我們關心的是避免資本的永久損失。因此,當您評估公司的風險程度時,聰明的錢似乎知道,債務(通常涉及破產)是一個非常重要的因素。我們注意到,KNM Group Berhad(KLSE:KNM)的資產負債表上確實有債務。但是股東是否應該擔心其債務的使用?

債務何時處於危險狀態?
一般而言,只有當公司無法通過籌集資金或擁有自己的現金流量輕易償還債務時,債務才成為真正的問題。資本主義的一部分是“創造性破壞”的過程,在此過程中,破產企業被銀行家無情地清算。但是,更常見(但仍然很昂貴)的情況是,公司必須以低廉的股價稀釋股東,以控制債務。當然,債務的好處在於它通常代表廉價的資本,尤其是當它代替了能夠以高回報率進行再投資的公司中的稀釋資產時。考慮公司債務水平的第一步是同時考慮其現金和債務。


查看我們對KNM Group Berhad的最新分析

KNM Group Berhad承擔多少債務?
您可以單擊下面的圖表以獲得更多詳細信息,該圖表顯示KNM Group Berhad在2019年12月擁有1.45億令吉的債務;與前一年大致相同。然而,由於它擁有3億4370萬令吉的現金儲備,其淨債務則減少,約為11.1億令吉。


KLSE:KNM歷史債務2020年5月4日
KLSE:KNM歷史債務2020年5月4日
KNM Group Berhad的資產負債表有多強?
最新的資產負債表數據顯示,KNM Group Berhad擁有在一年內到期的1.03億令吉負債,而在此後到期的1.27億令吉負債。另一方面,它擁有3億4千3百70萬令吉的現金和價值6億4140萬令吉的應收帳款。因此,其負債總額為1.31億令吉,超過其現金和短期應收款的總和。

這筆赤字給總值3億5390萬令吉的公司蒙上了一層陰影,就像巨大的巨蛋籠罩在凡人之上。因此,毫無疑問,我們將密切關注其資產負債表。歸根結底,如果KNM Group Berhad的債權人要求還款,則可能需要進行大筆注資。

我們通過將公司的淨債務除以其未計利息,稅項,折舊和攤銷前的收益(EBITDA),併計算其息稅前收益(EBIT)覆蓋其利息的難易程度,來衡量公司相對於其收益能力的債務負擔費用(利息保障)。這種方法的優勢在於,我們同時考慮了債務的絕對數量(淨債務與EBITDA的關係)以及與該債務相關的實際利息費用(及其利息覆蓋率)。

KNM Group Berhad股東面臨雙重挑戰,淨債務與EBITDA的比率很高(5.5),利息覆蓋率也很弱,因為EBIT僅為利息費用的2.3倍。這意味著我們認為它負債累累。 KNM Group Berhad的一個贖回因素是,在過去的12個月中,去年的EBIT虧損變成了1.47億令吉的收益。資產負債表顯然是您分析債務時要重點關注的領域。但正是KNM Group Berhad的收益將影響未來資產負債表的保持方式。因此,在考慮債務時,絕對值得關注收入趨勢。單擊此處獲取交互式快照。

最後,雖然稅務員可能會喜歡會計利潤,但貸方只接受冷現金。因此,有必要檢查一下自由現金流支持多少息稅前利潤(EBIT)。回顧最近一年,KNM Group Berhad錄得其息稅前利潤的21%的自由現金流,這比我們的預期要弱。說到償還債務,那不是很好。

我們的觀點
坦率地說,KNM Group Berhad對EBITDA的淨債務以及其始終保持在總債務之上的記錄使我們對其債務水平感到相當不舒服。但是至少其EBIT增長率還不錯。考慮到所有上述因素,KNM Group Berhad似乎負債累累。儘管有些投資者喜歡這種冒險的遊戲,但肯定不是我們的最佳選擇。資產負債表顯然是您分析債務時要重點關注的領域。但是,並非所有投資風險都存在於資產負債表中-遠非如此。例如,我們發現了KNM Group Berhad的4個警告信號(其中1個令人擔憂!),在投資於此之前,您應該注意這些警告信號。

總而言之,有時更容易專注於甚至不需要債務的公司。讀者現在可以訪問零淨債務100%免費的成長型股票列表。

如果發現需要糾正的錯誤,請聯繫編輯器,電子郵件:editerling-team@simplywallst.com。 Simply Wall St的這篇文章自然而然。它不構成買賣任何股票的建議,也沒有考慮您的目標或財務狀況。華爾街只是在提到的股票中沒有頭寸。

我們旨在為您帶來由基礎數據驅動的長期重點研究分析。請注意,我們的分析未考慮最新的價格敏感公司的公告或定性材料。感謝您的閱讀。


發現新投資想法的最簡單方法
通過Simply Wall St尋找下一筆投資時,可以節省大量研究時間。尋找基於其未來現金流量而潛在被低估的公司嗎?或者,您正在尋找可持續的股息支付者或具有高增長潛力的股票。自定義搜索以輕鬆找到與您的投資目標相匹配的新投資機會。而最好的事情呢?免費。點擊這裡了解更多。
分類:MY

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发表于 2020-5-11 15:08 | 显示全部楼层
本帖最后由 CUTERABBITGROUP 于 2020-5-11 15:09 编辑

Technical Buy: KNM (7164)
Author: PublicInvest  Publish date:  Mon, 4 May 2020, 11:06 AM


Description
KNM is an investment holding company. Through its subsidiaries, the Company designs, manufactures, and maintains process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialized structural assemblies and module assemblies for the oil, gas and petrochemical industries.

Fundamentals
KNM anticipates the outlook for current financial year to remain challenging due to the continuous uncertainties in the global economy outlook and impacts of COVID-19. Necessary measures will be taken to manage and mitigate these uncertainties.

Source: PublicInvest Research - 4 May 2020

https://klse.i3investor.com/m/bl ... al_Buy_KNM_7164.jsp
---------------------------------------------------------------
技術購買:KNM(7164)
作者:PublicInvest發布日期:2020年5月4日星期一,上午11:06

描述
KNM是一家投資控股公司。 通過其子公司,公司設計,製造和維護用於石油,天然氣和石化行業的過程設備,壓力容器,熱交換器,橇裝組件,過程管道系統,儲罐,專用結構組件和模塊組件。

基本原理
由於全球經濟前景的持續不確定性和COVID-19的影響,KNM預計本財政年度的前景仍然充滿挑戰。 將採取必要措施來管理和減輕這些不確定性。

資料來源:PublicInvest Research-2020年5月4日

https://klse.i3investor.com/m/bl ... al_Buy_KNM_7164.jsp

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