i think today's activities is caused by the news that the government will resolve water issue in two weeks time. Please refer to the Star buienss section
2.1 ? LOL. Why don't we be more ambitious ? EPS of 7 sen annualized will be 28 sen. If 10 times PER (to reflect bullish sentiment for water sector), shouldn't target price be 2.80 ?
ha ha the timing is perfect. Langsat project + strong earnings. Put this two together will definitely fire a lot of peoples imagination. Expect strong day tomorrow
for full year 2013, the property division contributed only RM2.5m net profit. I interprete this positively, as going forward, it is expected to contribute more. Even if it only goes up to RM10m or RM15m (which is not incoceivable as nowadays, RM10m profit from property development is really no big deal), Engtex's earnigns would move up to a new level (RM60m to RM70m). This will cause the share price to hit RM3
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Posted by Yunnan > 2014-02-11 18:24 | Report Abuse
today profit taking!