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Overview
Financial Highlight
HeadlinesBusiness Background Engtex Group Bhd is an investment holding company. It is divided into four divisions namely Wholesale and Distribution, Manufacturing, Property Development and Hospitality. Wholesale and Distribution includes sale and distribution of pipes, valves fitting and steel related products. Manufacturing includes the sale of steel and ductile iron pipes and fittings, valves, hydrants, industrial casting products and other related products. Property Development includes property development activities and hospitality involves the company's hotel business which includes the provision of rooms, food, beverage and other hospitality services. The Wholesale and Distribution and Manufacturing division together account for a significant majority of the company's turnover.
  Dehcomic01 Over the past 14 years, the company achieved an average ROE of 8%. This is good considering that the mean ROE of the Bursa steel companies averaged negative 1%. 21/07/2023 8:27 AM investor77 Water is essential utility and Govt try minimise Non Revenue Water. One way is to replace old water pipe, where EngTex comes in. 02/02/2024 12:41 PM G-boy This year is engtex golden multifold year.. in order to increase water price, i think government rather to fix the pipe to reduce NRW. It is win win win 3 status to everyone win: we still got cheap water price win: government earn from NRW win: local company win from water pipe project 06/02/2024 3:04 PM ocbc https://www.malaymail.com/news/malaysia/2024/02/03/water-tariff-adjustment-necessary-to-strengthen-resource-management-amid-climate-change-says-span-chairman/116116 07/02/2024 4:00 PM silentWolf See all ENGTEX's Bursa Announcement ENGTEX GROUP BERHAD (5056) Last Price Change Volume 1.110 KLSE Market Watch 0.050 (+4.72%) 61,944 Open: 1.050 Day Range: 1.050 - 1.120 Prev Close: 1.060 Notice of Person Ceasing (Section 139 of CA 2016) ENGTEX GROUP BERHAD Particulars of Substantial Securities Holder Name DATO' LIM KIAM LAM Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name of registered holder Dato' Lim Kiam Lam Date of cessation 08 Feb 2024 No of securities disposed 2,898,800 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares in open and off market. Nature of interest Direct and Indirect Interest Date of notice 14 Feb 2024 Date notice received by Listed Issuer 14 Feb 2024 14/02/2024 9:51 PM G-boy somebody willing and keep buying his stock in high price something brewing 14/02/2024 11:01 PM ocbc https://www.enanyang.my/%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1/%E3%80%90%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1%E3%80%91%E5%8B%87%E8%BE%BE%E9%9B%86%E5%9B%A2-%E6%B0%B4%E8%B4%B9%E8%B0%83%E6%95%B4%E6%8E%A8%E9%AB%98%E8%AE%A2%E5%8D%95 15/02/2024 11:36 AM KingKKK UTILITIES Sector (KingKKK): Fueling the Nation: Identifying the Top Performers in the Malaysian https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-16-story-h-188417037-UTILITIES_Sector_KingKKK_Fueling_the_Nation_Identifying_the_Top_Perform 17/02/2024 9:02 PM Icon 888 1st target- rm1.20 2nd target- rm1.30 Final target- rm1.50 Heng ong Huat 20/02/2024 5:55 PM ocbc Malaysian Federal Government May Help Finance Penang Water Pipe Upgrade asianwater January 23, 2024 The federal government is studying whether it can provide grants or loans to the Penang government for upgrading a main valve at a major water treatment plant, deputy prime minister Fadillah Yusof said. Water supply in Penang was shut down in January to enable work on the valve at the Sungai Dua treatment plant. Fadillah, who is minister for energy transition and public utilities, said valve replacement and maintenance across the state need to be implemented to prevent 08/03/2024 11:24 AM ocbc Malaysia needs to be ESG compliance ( Supply of Renewable Energy , Low NRW water , No Burning of forest ) , all in-process except to accerlate the replacement of waterpiple all over to reduce NRW to attract FDI from companies like Nvidia to invest in Malaysia. Ranhill-PBA-KPS-Engtex-Yli berhad (even Puncak) are in-line to be involved in this ! 12/03/2024 2:39 PM KingKKK UTILITIES Sector (KingKKK): Investing in Malaysia's Engine Top Performer - YTLPOWR, YTL, RANHILL, PBA, TENAGA, PETGAS, MALAKOF, ENGTEX https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-17-story-h-186391184-UTILITIES_Sector_KingKKK_Investing_in_Malaysia_s_Engine_Top_Performer_Y 17/03/2024 4:01 PM ocbc Malaysia lost an estimated RM$8 billion (US$1.7 billion) in wasted water between 2018 and 2022. The perceived low cost of water combined with climate pressures is fuelling water scarcity. 27/05/2024 10:47 AM S363636 Siliconware Precision Industries Co., Ltd. (SPIL), a leading global semiconductor packaging and testing company, celebrated the groundbreaking of its Malaysia P1 plant at Bandar Cassia Technology Park in Pnenag. This state-of-the-art 8-hectare facility, representing a RM6 billion investment, is expected to create nearly 3,000 skilled jobs over the next 15 years. The plant will feature advanced packaging and testing technologies, including wafer bumping and wafer-level chip packaging, enhancing efficiency and competitiveness in the semiconductor industry. The ceremony was graced by prominent figures, including YBhg. Dato’ Hairil Yahri Yaacob, Secretary General of MITI; Mr. Sivasuriyamoorthy Sundara Raja, Deputy CEO of MIDA; Dato’ Loo Lee Lian, CEO of InvestPenang; and Mr. Michael Chang, CEO of SPIL Malaysia. Their attendance highlighted the significance of this project to the region and the industry. YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of MITI, warmly welcomed SPIL’s investment. He emphasized that this development affirms Malaysia’s position as a preferred destination for global semiconductor companies. He noted, “The National Semiconductor Strategic Task Force (NSSTF) and MIDA’s expertise are key to the New Industrial Master Plan 2030, aiming to increase economic complexity, forge stronger global linkages, and create high-paying jobs for Malaysians.” Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, underscored the benefits of SPIL’s investment, stating, “This facility enhances Malaysia’s semiconductor ecosystem, creating high-value engineering jobs and accelerating the export of Malaysian products globally.” He added that this project positions Malaysia as a key player in the international semiconductor market, driving sustained economic growth. Dato’ Loo Lee Lian highlighted Penang’s substantial contribution to the semiconductor sector, stating, “Penang is proud to host SPIL, reflecting foreign investors’ confidence in our region as a hub for advanced technologies. This facility will advance Penang up the value chain, reinforcing its reputation as the Silicon Valley of the East.” Mr. Michael Chang, CEO of SPIL Malaysia, expressed gratitude to MIDA and InvestPenang for their support. He stated that the P1 plant will foster innovation, cultivate semiconductor talent, and enhance technological capabilities in Penang. He emphasized SPIL’s commitment to environmental sustainability, aiming for GBI Green Globes Certification and a net-zero carbon reduction goal by 2050. As part of ASE Technology Holding, the world’s largest packaging and testing group, SPIL is expanding its global footprint with the P1 plant. This initiative introduces advanced packaging technology, strengthens the packaging and testing industry, and drives innovation and economic growth in Penang and beyond. 27/05/2024 9:31 PM Berlin The 3:4 bonus issue appears to be a meaningless corporate exercise by itself. No funds were raised, no value created. Why did the company do it then? 09/06/2024 12:00 PM ocbc implement 3:4 will enable institution investors to come in. You want more upside , invest half of your capital to YLI berhad too (remember not contra play ) . 10/06/2024 10:21 AM  laulau Looks good to me. Hint Data Centers needs lots of water for cooling data strorage facillities? YTL subsidiary SIPP Power takeover Ranhill Utilities. Engtex can supply all the piping needs for all Data Centers in Malaysia and the World. Even YTL Power sees the need to acquire Ranhill Utilities for water cooling needs of Data Centers? https://www.thestar.com.my/business/business-news/2024/05/30/ytl-powers-ranhill-acquisition-a-positive https://www.vertiv.com/en-asia/solutions/learn-about/liquid-cooling-options-for-data-centers/ 12/06/2024 6:30 PM laulau YTL Subsidiary SIPP Power takeover Ranhill Utilities. TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) | https://www.klsescreener.com/v2/announcements/view/7170643 12/06/2024 6:40 PM laulau Engtex Benefits from Revival of Water Infrastructure and Water Cooling needs of Data Centers. https://www.klsescreener.com/v2/news/view/1340101 Why Engtex? #Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects. #It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution. #Ranhill Utilities under YTL Power will need Engtek's large diameter MS pipes & ductile iron (DI) pipes for its upstream water supply projects & ductile iron (DI) pipes widely used in water distribution to give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs. #Year to date, Engtex has secured new contract wins of RM151 million from the Sungai Rasau Treatment plant's main contractors i.e. Gamuda Bhd (for Package 1) and Taliworks Corporation Bhd (for Package 2 and 3). https://www.nst.com.my/business/2022/11/848187/revival-water-infrastructure-projects-boon-engtex #YTL Power acquiring control of Ranhill Utilities. It noted that Ranhill Utilities would give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs. Additionally, it said the synergistic expertise in water operations could drive further efficiency of Ranhill Utilities’ Johor water business. https://themalaysianreserve.com/2024/06/04/ytl-power-acquiring-control-of-ranhill-utilities/ 12/06/2024 10:14 PM laulau Yes! The worst is over as Engtek has completed disposal of Treasury shares yesterday. Recommendation. Accumulate on any weakness. I like Icon 888's TP, first TP already achieved next should be within the range of 1.30~1.50? Icon 888 1st target- rm1.20 2nd target- rm1.30 Final target- rm1.50 Heng ong Huat 13/06/2024 7:55 AM laulau I also like Kenanga's Buy Call with TP of 1.41. At current price there is a 34 sen upside with proposed 3 for 4 Bonus Issue? Engtex Group - Proposed 3-for-4 Bonus Issue Source : KENANGA, Price Call : BUY, Price Target : 1.41 Last Price : 1.07, Upside/Downside : +0.34(31.78%) 13/06/2024 8:19 AM laulau Accumulate on weakness! And let's wait for the next Water & DC Play, once Ranhill Utilities announce more water pipes supply contracts with Engtex for Singapore-Johor Economic Zone & DC Hubs? Association with YTL Power & Ranhill is always a good thing? 13/06/2024 10:51 AM laulau Jun 12 Engtek is now 23% undervalued as currently trading at only RM1.07. #The fair value is estimated to be RM1.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. #Revenue has grown by 11% over the last 3 years with profit for 5 consecutive Qtrs with latest Qtr. 1 earning 9.4 million. #Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 237% in the next 2 years. Many Sharks who shorted Engtek to flush out weak holders & day traders, wants to buyback your shares cheap! Accumulate Engtek on any weakness as: Forecast Annual Revenue Growth Data for Engtex are as follow: #Earnings vs Savings Rate: ENGTEX's forecast earnings growth (38.7% per year) is above the savings rate (3.6%). #Earnings vs Market: ENGTEX's earnings (38.7% per year) are forecast to grow faster than the MY market (12.3% per year). #High Growth Earnings: ENGTEX's earnings are expected to grow significantly over the next 3 years. #Revenue vs Market: ENGTEX's revenue (6.6% per year) is forecast to grow faster than the MY market (6.1% per year) 13/06/2024 2:11 PM laulau Good news for Engtex with RM4 Billion allocation by Government for water distribution from Sungei Perak to Penang! Why Engtex? #Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects. #It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution. https://www.nst.com.my/news/nation/2024/06/1063914/pm-govt-approve-funding-water-distribution-project-bukit-merah-dam 15/06/2024 8:29 PM  |
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