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KLSE: ENGTEX       ENGTEX GROUP BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.26 1.45     +0.19 (15.08%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
07/08/2017 1.25 1.60 +0.35 (28.00%) BUY JF APEX Price Target News
01/06/2017 1.35 1.40 +0.05 (3.70%) HOLD Malacca Securities Price Target News
26/05/2017 1.43 1.50 +0.07 (4.90%) HOLD Malacca Securities Price Target News
09/03/2017 1.28 1.30 +0.02 (1.56%) HOLD Malacca Securities Price Target News
27/02/2017 1.28 1.30 +0.02 (1.56%) HOLD Malacca Securities Price Target News
24/02/2017 1.28 1.30 +0.02 (1.56%) HOLD Malacca Securities Price Target News


Price Target Research Article/News (past 6 months)
07/08/2017  JF APEX Engtex - Beneficiary of Nationwide Piping Projects
01/06/2017  Malacca Securities Engtex - Earnings Skewed By Disposal Gains.
26/05/2017  Malacca Securities Mplus Market Pulse - 26 May 2017
09/03/2017  Malacca Securities Mplus Market Pulse - 9 Mar 2017
27/02/2017  Malacca Securities Engtex-Group-Bhd - Stable And Waiting For Fresh Catalyst
24/02/2017  Malacca Securities Mplus Market Pulse - 24 Feb 2017



  7 people like this.
 
Hotrod Strong buy rate today.
14/06/2017 18:40
ccInvest back to square one~!!
15/06/2017 17:21
darkstar Good time to collect!
17/06/2017 09:47
keepeng support is at 1.31 and 1.30. collect at this support levels for a good rebound to at least 1.41. i made a few rounds at this support level. Medium term at least 1.50
17/06/2017 10:01
darkstar Starts to move now. Raya offer before it shoots up further!
21/06/2017 19:09
paperplane director keep converting warrant
28/06/2017 15:53
Bullhunter waiting 2nd round pump n dump..
29/06/2017 09:29
paperplane pump n up n up n upn up, then dump
29/06/2017 15:59
Wei Chyi y converting warrant is pump and dump?
29/06/2017 16:17
darkstar Good fundamental and earning. Collect now.
01/07/2017 13:47
alivetoinvest Shit counter. Sell
06/07/2017 13:35
alivetoinvest Next qr. report should be hard to beat. Sure lower.

Might drop to 1.00
06/07/2017 13:36
Collin Soo 1.50 before next QR. Hold
06/07/2017 16:35
darkstar Finally the stock got some attention today
06/07/2017 20:47
07/07/2017 15:04
GreenTrade http://www.theedgemarkets.com/article/hong-leong-investment-3q-top-picks-include-comfort-gadang-ghl-jcy
07/07/2017 21:25
darkstar He said Hong Leong Investment also preferred defensive picks with decent valuations like Protasco Bhd, Engtex Group Bhd, CSC Steel Holdings Bhd, Heveaboard Bhd, Tex Cycle Technology (M) Bhd and Thong Guan Industries Bhd.

theedgemarkets.com
July 07, 2017 13:07 pm MY
08/07/2017 11:33
darkstar ENGTEX has formed a bullish engulfing candle and subsequently retesting the RM1.37 level accompanied by improved volumes. The MACD Line has issued a BUY Signal, while the RSI is re-testing 50. Monitor for a breakout above RM1.37 targeting the RM1.45 and RM1.52 levels. Support will be anchored around the RM1.32 level.

Malacca Securities Sdn Bhd
10/07/2017 17:52
alivetoinvest Next quarterly result surely worse than previous year quarter
11/07/2017 12:43
darkstar alivetoinvest got some insider news? please share thanks
11/07/2017 19:55
lois123 skl
12/07/2017 19:02
darkstar collect collect
14/07/2017 12:58
darkstar Back on track!
19/07/2017 19:44
Hotrod well done.
20/07/2017 11:03
kentg03 bk to square
21/07/2017 17:08
darkstar Gonna wait for the next qr report then
23/07/2017 13:04
asrizabidi @sahamteknikmath
29/07/2017 14:49
darkstar Very undervalued now..
31/07/2017 13:44
kentg03 mayb next QR not good
31/07/2017 14:08
darkstar No news is probably good news. We shall see.
01/08/2017 14:55
nikicheong Looks interesting. Attractive valuations. Must do further due diligence. But I've added this to my watchlist!
06/08/2017 23:40
nikicheong However given that there are expected to be around 100mil warrants to be converted between now and October (i.e. just in 2.5 months), I think there might be a sustained downwards pressure on price, so better stay away for now and come back once the warrants are settled.
06/08/2017 23:41
DualShock Agree, stay away first.

No. of warrant 148,465,800 unit conversion to mother shares expired on 25th Oct 2017 will significantly dilute the Share Price.

Couple with reduction of original exercise price from RM1.25 to RM0.83 also signal company cautious about upcoming earning performance.
07/08/2017 10:39
Amy Wong https://klse.i3investor.com/servlets/ptres/41570.jsp
07/08/2017 19:27
darkstar Engtex - Beneficiary of Nationwide Piping Projects

We are initiating coverage on Engtex with a BUY call at a target price of RM1.60 based on FY18F EPS with forward PER of 10.2 times, based on industry peer average. This translates into a potential upside of 26% against its current share price.

JF Apex Securities Research - 7 Aug 2017
07/08/2017 19:47
nikicheong @Dualshock, warrant exercise price was adjusted to RM0.83 from RM1.25 due to the 1:2 bonus issue. Automatically the number of warrants and the exercise price gets adjusted.

The good thing about these warrants is that they should provide the company with around RM100mil cash, reducing net gearing to 0.5X and giving them a big chance to pare down bank borrowings and save RM7mil annually on interest expenses.
07/08/2017 19:52
nikicheong JF Apex has produced a great research paper, but be patient. Come back at the end of October/early November. Or if there is a sudden plunge in the coming 2 months.
07/08/2017 19:53
darkstar Cash proceeds from warrants - Engtex has 133m warrants which will expire in October 2017. Conversion of the warrants could raise RM110m to reduce borrowing, expand production and fund upcoming property development.
07/08/2017 19:59
DualShock Thanks @nikicheong for your input.

@Darkstar
Considering adjusted earning with upcoming new mother share conversion from warrants, it might not be the right time or at the right price yet for the newcomer.
08/08/2017 09:17
darkstar @Dualshock, yes agree on the impact of warrants conversion. For existing mother shareholder, I guess just have to wait first.
08/08/2017 10:36
Ring http://www.theedgemarkets.com/article/engtex-sees-growth-nationwide-piping-projects
08/08/2017 10:53
Collin Soo Please wake up Engtex. We all waiting for your performance.
09/08/2017 17:29
darkstar Keep bleeding..
10/08/2017 17:38
nikicheong Now with steel price so high, it will impact Engtex, since they are downstream player, not upstream. As downstream their procurement price will be increased, which is a negative. Prepare for some heavy selling as the upstream steel counters jump up.
10/08/2017 22:56
Goinvest88 Steel price so high, cost increased. Question is whether they are enduser or can escalate the cost to their customers.
12/08/2017 15:40
nikicheong They can likely pass through cost, but not so fast. Immediate quarters will suffer a margin compression before the cost is fully passed through. Might present some buying opportunity in 2-3 months time (compounded with the warrants thing).
13/08/2017 13:09
darkstar Engtex has strong support at this level. Just have to pull through. Invest for future, not today.
15/08/2017 16:35
andr Big boys still collecting around 1.2, once they are done, show will start.
18/08/2017 15:19
swtue2 Show time is coming..
purposely press down the price n keep collecting then price shoot up...==
18/08/2017 16:41
goodguess good results coming out?
18/08/2017 16:45


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