Tuesday 27 December 2016

KFM Bhd. Glory Days

Is a 1984 hit for Bruce Springsteen and the E Street Band, taken from the  highly successful Born in The USA album.

KFM is up 7.5 Sen to 16.5 sen following its announcement of a MOU with Lotus Esential Sdn Bhd, a company that imports and exports steam coal, corn starch and tapioca starch. 

If you recall just weeks ago, KFM had a big rally, that ended up not so well when FELCRA axed a RTO plan.

KFM, reminds me of the glory days, when stocks like Iris, Farm's Best, and Tanah Emas would shoot up, on half baked announcements.

None of it ended well. KFM looks like a stock, with its name written on it for a UMA, and cash up front settlement.