KUALA LUMPUR: RHB Research is downgrading KNM Group Bhd
(KNM) to “Sell” from “Neutral” with a reduced fair value of 42 sen from 69 sen in line with its lower earnings projection and uncertainties in KNM's prospects.
RHB Research said on Wednesday its unit KNM Project Services had sold its entire 80% stake in Energy Park Investments for 800 pound sterling (RM3,790) to explore an alternative corporate structure and to finance its 80MW waste-to-energy plant in Peterborough, England.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
