KNM Group (RM0.735; Fully Valued; Price Target: RM0.65;
KNMG MK)
Takeover deal is off
• Consortium cannot agree on takeover price
• Near term selling pressure on negative newsflow
• Downgrade to Fully Valued; TP cut to RM0.65 based on
9x FY11F earnings
source: HWDBS Vickers