<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 5, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>KNM Group Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in KNM Group Bhd (fundamental: 0.35/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KNM’s share price closed up 1.5 sen or 10% at 16.5 sen, with 204.09 million shares traded versus the counter’s 200-day average volume of 11.56 million shares.&nbsp; Its market capitalisation stood at RM387.11 million.</p></div>

<div class=newsTextDataWrapInner><p>The group is principally engaged in the manufacturing of process equipment and turnkey solutions catering to international oil, gas, petrochemicals, energy and minerals processing companies and global engineering contractors.</p></div>

<div class=newsTextDataWrapInner><p>On March 11, KNM initiated arbitration proceedings against Lukoil Uzbekistan Operating Co LLC for over US$96 million (RM391.68 million) in unpaid work it carried out as a contractor in the gas-condensate fields in Uzbekistan.</p></div>

<div class=newsTextDataWrapInner><p>As of yesterday, KNM shares were trading at 0.26 times their net book value.</p></div>


KNM Group Bhd (+ve)

TRADING of shares in KNM Group Bhd (fundamental: 0.35/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year.

KNM’s share price closed up 1.5 sen or 10% at 16.5 sen, with 204.09 million shares traded ve...

Stock With Momentum: KNM Group

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<p>Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.</p>


<p>Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.</p>


<p>The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.</p>


<p>US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.</p>
