Hi guys , next target of counter will be "Engtex" that will be counter of Year 2016. You just imagine 20 billion contracts of piping replacement for nationwide, of which RM 3 billion contracts is going to be taken place like Langat 2 in Selangor. Good luck ! !
"Engtex Group " is always linked to 20 billion contracts for nationwide pipe replacement and cost that Engtex incur will lower as metal price has dropped significantly. Another point is this Company has recorded good earning but its share price just around RM1.30. TP is RM2 based on its Earning for 2016 which is expected to be higher over pipe replacement nationwide next year that might take place and new construction projects nationwide. Cheer !
This counter share price "Engtex Group" is expected to be up soon even it has been up quietly in the past two week ( pls look at its chart and past few financial results that will make you more confident). My strong point is about RM 20 billion pipe replacement nationwide is expected to take place next year that replacing those our colonial pipe ( English built-pipe left in Malaysia). Engtex is one of the beneficiers for this projects, of which "RM3 billion Langat 2 project" in Selangor has started. You can imagine and visualise Engtex is a major pipe supplier and piping contractor in Malaysia. Cheer !!
JTIASA (Not Rated). Timber-related stocks were actively traded yesterday, with TAANN, JTIASA, and WTK among the top gainers for the day. In particular, JTIASA surged 30.0 sen (22.4%) for the day to close at RM1.64. Yesterday’s breakout above the RM1.45 resistance level confirms a bullish trend reversal after being stuck in a downtrend for almost two years. The 20-day SMA has also completed a “Golden Crossover” with the 50-day SMA earlier last week to reaffirm the buy signal. Aggressive traders may buy now, with RM1.92 (R1) and RM2.12 (R2) as possible targets/ resistance levels. More conservative traders may look to enter on any pullback towards the RM1.50-1.55 support (S1). Further downside support is located at RM1.24 (S2).
imagine 20 billion contracts of piping replacement for nationwide, .....sure or not, Ah Jib bankrupt already. Look at Jaks, also dead for 4 months. Cannot be if true.
PE 44...but big money , smart money don't value stuffs by historical PE but by transparency of future growth and future PE. When the old resistance at 1.40 is decisively broken with big volume, it is not looking back already. Because Jtiasa has got great growth transparency judging from the timber profits, concessions, and age of crops.
I assume those who decisively take it from $1.3 to now know what they are doing....I think the El Nino instead of the catalyst for future price growth.....it is the El Nino and fear of drastic drop in yield that has kept the price down....somebody must have decided that it is not that bad and decided time for Jtiasa to go back to $2.50
shaun, since you seem quite nice guy, I want to warn you about Engtex and pipes. we all know pipes and steel is subject to dumping by China. also playing political contracts is not my game. the theme for 2016, is not consumption but exports, exports, exports.
Hi Desa 20201956, I meant Engtex will only incur low cost by using metal at lower price for its piping contracts. You have to look at analysis for Engtex at Engtex forum.Furthermore " RM3 billion Langat 2" project has started in Selangor. Anyway, time will show us about the share price movement soon in a month. Smart People will find more information to firm it investment decision. Good luck !
Hi Desa and guys, do not worry, this "Engtex Group" is to give you golden chance to earn huge margin with my information as some major funds have been buying this counter shares :) Cheer !
Total production for log should be higher for 2Q2016 compare to 1q2016. Product of CPO should be almost the same as 1q2016,or slightly less. Since the price for log and cpo is higher for 2q2016, EPS should be higher if not mistaken. Compare to 2q2015, with the eps of -0.51sen, there should be about few 100% improvement.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Shaun
222 posts
Posted by Shaun > 2016-01-08 16:21 | Report Abuse
Hi guys , next target of counter will be "Engtex" that will be counter of Year 2016. You just imagine 20 billion contracts of piping replacement for nationwide, of which RM 3 billion contracts is going to be taken place like Langat 2 in Selangor. Good luck ! !