KNM is about to bound back

KNM is holding the prices around RM1.15 for few days as expected ( from my older post A Doji sign in KNM ) due to unstable political issue in Malaysia. Fidelity Investment had sale out KNM share for around 2 months and EPF accumulative KNM share, temperely Inter Merger Sdn Bhd ( major shareholders of KNM ) is low in cash due to finance the Borsig acquisition and it's hard to push KNM share up at this situation.

Actually it is no point to push the share up because the higher the KNM share price go, Fidelity Investment will sale out share to make profit. If Fidelity Investment still want to exit from KNM, KNM share will go lower I think will hit lower than RM 1.00. However, KNM may hold on at RM 1.05 to RM 1.15 for a time been if no major sale out from Fidelity Investment.

KNM share will not in low price for long because KNM is a profitable company and now most of they cash is lock on Borsig acquisition, once the loan is complete and the cash flow is back it will up to the major shareholder to push back up the price to a level they think fit to market situation.