CK>> Another big sell-off day for ENG after posted the announcement in Bursa. I got a question here: Why ENG is the only one who keeps reporting the update status of its Thailand subsidiaries? Is it a requirement from Bursa as it is currently pending for privatisation exercise?

I personally feel that the recent sell-off of ENG was simply overdone. Not sure, just my own thought. I just done a quick comparison table among ENG, JCY and NOTION purely based on their NTA (since 3 of them are from same technology sector, JCY and ENG are both HDD players). Based on the table below, not sure if I should say ENG is currently undervalued due to heavy sell-off these few days (20 cents after 1st announcement, another 20 cents after 2nd announcement) @_@'''







This flood for sure will have a significant negative impact to ENG's coming financial results. But, what will be the impact to ENG's NTA in the next 2-3 quarters? Will it causes the NTA drops to below RM2? Anyway, the takeover price definitely will be determined by NTA value too (cannot be too low from NTA).

JCY's Financial Summary:





ENG's Financial Summary:










CK>> No dividend was announced by ENG on last quarter due to pending for privatisation exercise.