KNM shares price has been beaten again recently due to lower than expected earnings for first quarter ending 31st March 2011. On 30th May 2011 KNM share price closed at RM2.10.
This is the second time this year, KNM share price drop drastically. In February 2011, the price drop from RM2.80 to RM2.30 due to lowest recorded profit. But the price recover to RM2.85 in 2 weeks.
Despite the negative news, many research houses are still maintaining a “buy” call for KNM because their order book is still strong. They believe, it is a good opportunity to accumulate KNM share due to lower share price.
The table below are the compilation of KNM fair value / target price various research house.