KNM rebounding to 0.60 target price

KNM is one of the most actively traded stock in Malaysia. The unfortunate circumstances surrounding the failed privatisation process pushed the price from 0.80 gradually to almost 0.38 for the past 6 months or so. That's a 50% down.
This week the price has been hovering higher at 0.44 to 0.46. With positive news stemming from a stronger ringgit, this well-traded stock has a higher possibility to rebound to fair value of 0.60 and possibly to trade northwards to 1.00 by year end.

Some basic information:
KNM Group Berhad (KNM Group) is an investment holding company based in Malaysia. The company designs, manufactures, assembles, and commissions processing units and processing equipment for the oil and gas, petrochemical, and mineral processing industries through its group companies. The group also offers industrial and power plant services including pressure vessel services, and ball valve and valve services, among others. KNM group operates through 27 operating units and engineering centers in 14 countries. KNM Group has its presence in Malaysia, China, India, Brunei Darussalam, Indonesia, Australia, the UK, the UAE, Canada, Brazil, and Italy. The group also exports its products to various overseas destinations. KNM Group is headquartered at Seri Kembangan in Malaysia.