ENGTEX GROUP BHD

KLSE (MYR): ENGTEX (5056)

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Last Price

0.62

Today's Change

-0.005 (0.80%)

Day's Change

0.615 - 0.625

Trading Volume

158,100


10 people like this.

2,782 comment(s). Last comment by NgWS90 1 week ago

Posted by damansaraeagle > 2024-08-13 16:11 | Report Abuse

SORRY WORST 0.65

Posted by damansaraeagle > 2024-08-13 16:12 | Report Abuse

FREE FALL

Posted by damansaraeagle > 2024-08-13 16:30 | Report Abuse

SUPPORT COMING IN AT 0.655

Posted by elmendaman > 2024-08-13 16:32 | Report Abuse

buy on weakness

TheContrarian

9,507 posts

Posted by TheContrarian > 2024-08-13 17:12 | Report Abuse

🤦

Richdady

90 posts

Posted by Richdady > 2024-08-13 18:52 | Report Abuse

Shit...after thy split this share.. stock damaged,... Played with retailers

Posted by damansaraeagle > 2024-08-14 10:14 | Report Abuse

no support at all

Posted by damansaraeagle > 2024-08-14 10:15 | Report Abuse

Engtex Group Berhad's shares have experienced a significant drop recently. As of today, the share price has fallen by 38% over the past month, which has raised concerns among investors. The drop in share price is largely attributed to a decline in the company’s earnings, which have been underperforming compared to the broader market. Despite this, some investors remain optimistic due to the company's forecasted growth over the next few years, which is expected to be higher than the market average. However, the company's current price-to-earnings (P/E) ratio remains high, which suggests that the market has high expectations for its future performance​

Posted by damansaraeagle > 2024-08-14 10:18 | Report Abuse

lowest point 0.64 , support ?

Posted by damansaraeagle > 2024-08-14 12:01 | Report Abuse

0.67 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Cheah5555

188 posts

Posted by Cheah5555 > 2024-08-16 22:13 | Report Abuse

The earlier rise in price was mainly due to bonus issues, the counter might need to rest or consolidate before going up again !

mf

29,244 posts

Posted by mf > 2024-08-19 10:59 | Report Abuse

collect

TheContrarian

9,507 posts

Posted by TheContrarian > 2024-08-19 19:29 | Report Abuse

Why are you people interested in a stock that is spiraling down?

Icon 888

2,301 posts

Posted by Icon 888 > 2024-08-20 00:29 | Report Abuse

No Show already la..

keng88

2,776 posts

Posted by keng88 > 2024-08-20 10:18 | Report Abuse

The 0.615 support is now waiting for the dealer to eat enough and then push it back up.

keng88

2,776 posts

Posted by keng88 > 2024-08-22 18:17 | Report Abuse

QR GG

Qwertyuiop

590 posts

Posted by Qwertyuiop > 2024-08-23 09:02 | Report Abuse

Selling dried out, buy on weak qr, expecting better QRs in the near future.

TheContrarian

9,507 posts

Posted by TheContrarian > 2024-08-23 18:09 | Report Abuse

🤦

NgWS90

466 posts

Posted by NgWS90 > 2024-08-26 18:17 | Report Abuse

Buy and TP at 81 cents like Kenanga

Posted by damansaraeagle > 2024-08-27 12:58 | Report Abuse

when Mr NgWS90 that we can go 81 cents ???? tommorrow or thrusday or friday ?

keng88

2,776 posts

Posted by keng88 > 2024-08-27 16:53 | Report Abuse

At the last five minutes, the dealer came in to buy it. There should be a play tomorrow.

Posted by damansaraeagle > 2024-08-28 09:45 | Report Abuse

keng88, they call it a bluff. Nothing happen. Goes down bad 0.61

Posted by damansaraeagle > 2024-08-28 09:45 | Report Abuse

now buying at 0.615

keng88

2,776 posts

Posted by keng88 > 2024-08-29 17:07 | Report Abuse

Damansaraeagle, Engtex still washing dishes. bought low and waited.

NgWS90

466 posts

Posted by NgWS90 > 2024-08-29 21:13 | Report Abuse

How low is your low, keng88 ? 😁

keng88

2,776 posts

Posted by keng88 > 2024-08-30 09:36 | Report Abuse

NgWS90 , Look at 0.60

NgWS90

466 posts

Posted by NgWS90 > 2024-09-02 11:35 | Report Abuse

Thought your low price was 0.58 (52 week low), keng88 😬

TheContrarian

9,507 posts

Posted by TheContrarian > 2024-09-05 13:28 | Report Abuse

Has Engtex hit 80 sen?

kenwilbur

87 posts

Posted by kenwilbur > 2024-09-05 15:21 | Report Abuse

Going lower better sell 1st

TheContrarian

9,507 posts

Posted by TheContrarian > 2024-09-05 20:45 | Report Abuse

Luckily I sold last month for almost 30% gain.

kenwilbur

87 posts

Posted by kenwilbur > 2024-09-06 09:32 | Report Abuse

Diving better run

kenwilbur

87 posts

Posted by kenwilbur > 2024-09-06 10:27 | Report Abuse

Goin downhill becareful

kenwilbur

87 posts

Posted by kenwilbur > 2024-09-06 12:27 | Report Abuse

Sell 1st buy later

NgWS90

466 posts

Posted by NgWS90 > 2024-09-06 15:13 | Report Abuse

Reach 52 week low price. Time to go in ?

TheContrarian

9,507 posts

Posted by TheContrarian > 2 months ago | Report Abuse

When will Engtex hit 80 sen?

kenwilbur

87 posts

Posted by kenwilbur > 2 months ago | Report Abuse

No , goin down .

keng88

2,776 posts

Posted by keng88 > 2 months ago | Report Abuse

Coming.

Dehcomic01

345 posts

Posted by Dehcomic01 > 2 months ago | Report Abuse

Engtex – chasing dreams or using base rates?

Daniel Kahneman made famous the concept of the base rate fallacy. When presented with both historical or statistical information and those which is specific to an event, we tend to ignore the historical/statistical one.

I worry that we are going to see this play out for Engtex. This is a cyclical company whose performance is linked to steel prices. So in valuing Engtex we should be looking at its performance over the steel cycle. On such a basis its earnings value based on its historical performance is below its market price suggesting that it is overpriced

Of course, you would argue that this is backward looking and a more forward looking picture should consider the potential demand for water pipes. This in turn relates to the increase in water rates that would translate into better earnings for the water companies that in turn spur more water infra spending. On such a basis, you would consider Engtex as being underpriced.

In the short term the water infra story may play out. But if you are a long-term fundamental investor, shouldn’t you be looking at the water infra story in the context of the base rates?
https://www.youtube.com/watch?v=HRIYJUoQMj4

soonning65

142 posts

Posted by soonning65 > 2 months ago | Report Abuse

1-month high now. On the way to cross 70 cents

Posted by sailang_now > 2 months ago | Report Abuse

Downtrend has started? In the meantime, they continue to convert warrants to mother share at 40 sens each? After Bonus issue and continued dilution of shares, doesn't looks good?...lowest today 0.625 sens! More weakness to come! Hope minor support at 0.62 doesn't breaks?..tut tut

NgWS90

466 posts

Posted by NgWS90 > 1 month ago | Report Abuse

Cup and handle pattern has appeared

TheContrarian

9,507 posts

Posted by TheContrarian > 1 month ago | Report Abuse

🤦

TheContrarian

9,507 posts

Posted by TheContrarian > 1 month ago | Report Abuse

Has Engtex crossed 70 sen?

NgWS90

466 posts

Posted by NgWS90 > 1 month ago | Report Abuse

KLCI retreating, Engtex also retreating ...

NgWS90

466 posts

Posted by NgWS90 > 1 month ago | Report Abuse

Poised for a rebound. ENGTEX is currently trading at a strong support level of RM0.60, with additional support at RM0.56 level. Coupled with improving indicators, ENGTEX may be set for a rebound toward RM0.66-0.69-0.73 region. Cut loss at RM0.52.

Collection range: RM0.56-0.60-0.62

Upside targets: RM0.66-0.69-0.73

Cut loss: RM0.52

From HLIB

keng88

2,776 posts

Posted by keng88 > 1 month ago | Report Abuse

Sleep counter

NgWS90

466 posts

Posted by NgWS90 > 1 week ago | Report Abuse

It woke up already after q3 report was out

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