KNM

KNM(7164) is the one of top 30 mover these few weeks. i choose this stock to monitor due to it is the top volume of trade. we can look through the chart above, it price is cross over the 21-day Exponential Moving Average(EMA); Relative Strength Indicator(RSI) is stay at 58.9%; MACD is cross over and rising up; Parabolic is support the candlestick to step the higher level of price.

Fundamental of KNM Group is good. KNM is a manufacturer of Oil and Gas services and Equipment. KNM was invested in Verwater company which is related to storage tanks and terminals design, construction and maintanance. In detailed, KNM announced that its 100% subsidiary which is KNM International(KNMI) has invested and subscribed for 100 ordinary shares of RM1.00 each for a 50% equity stake in Verwater for only RM100. Verwater recently signed a contract with Lenstar Investment Ltd for the job. So, KNM will be allocated more jobs by Verwater. Recently, Global economy is on recovery track which will boost demand for Oil & Gas and fuel demand for its process equipment when new projects commence. Its closing price of 18th September 2009(Friday) was RM0.79. Its target price is RM1.00.

Hot Genting Singapore in Malaysia Market

Recently, Genting Sp(G13) which listed on SGX is very popular in Asia due to G13 has announced 5 rgiht issues entitle for 1 share at subscription price of SGD 0.80 which would like to raise its capital of SGD1.63billion. So G13 intends to use approximately 60 percent of proceeds for future acquisitions or investment opportunities in casino-related sector while other 40 percent for working capital and repayment of bank borrowings.

The right issues will trade ex-right from 18th September 2009(today). The majority shareholder Genting Berhad, which owns 54 percent of G13 will subscribe to its right issues in full. It was try to redeem the confidence of investors. Historically, after ex-date of right issues, it market price will be adjusted to lower share price.

Futhermore, G13 try to push up it price over SGD 1.00 in order to make itself more attractive to investors. Genting Bhd will lend management support and enable G13 to tap into its over 30years of experience in developing, operating and marketing one of the region's largest casinos.

Resort World Sentosa (RWS) and Marina Sands will enjoy an interrupted duopolistic for at least 10 years. Marina sands is a large competitor for RWS since both resorts will be opening at round the same time. However, RWS will have the support of the Singapore government as it move toward its ambition of becoming the top tourist destination in Asia. So Singapore increasing low-cost carrier presence in the market and enchancing their infrastructure in place such as public transport system. But, some risk may bear that slower than expected recovery in global economic market, this could dampen consumer discretionary spending and result that in poor tourist arrivals in Singapore.