"The decrease in revenue and profit before tax as compared to preceding financial quarter ended 31 December 2013 was mainly due to weak market demand of certain manufactured steel products and higher operating cost of property development projects (Selayang)."
Will continue to weaken for 2nd quarter result...coming out only middle next month. wakakakaka
Engtex Group (ENGT MK) Technical BUY with +13.0% potential return Last price : RM1.94 Target Price : RM2.09, RM2.20 Support : RM1.83 Stop-loss: RM1.81 BUY with a target price of RM2.20 with stop loss below RM1.81. Following a steep correction from the high of RM2.20, ENGT found strong support at RM1.83 before recovering gradually. Following yesterday’s gain, ENGT has closed above both BBI lines and the “cloud”, thus potentially kick-starting a new up-leg. A higher trading volume was recorded in line with rising momentum which should spur further upside. Additionally, the Aroon Up line remained within the 70-100 territory while the Aroon Down line pointed lower, implying a stronger uptrend ahead. Moving forward, we expect the share price to retest the previous high of RM2.20 in the medium term. Expected Timeframe: 2 weeks to 2 months
Too much order and not dare to hired Nepal, that's why temporary pipe shortage to full fill customer demand but don't worry their machine already turn on 24hr non stop to meet the demand
the underlying trend is down at the moment with the forming of a rather bearish descending triangle. whilst a technical rebound is plausibe but unlikely, the formation of the harami candlestick indicates a price decline and it might goes down to 1.84, a support support level before staging a rally; and if it does at that level then the first tp is 1.89 and the next tp is 1.92 wish you all the very best.
i am afraid it is into its third correction phase and it is going to take a while for it to complete its course before we could see a trend reversal. good luck
Walou, company pump and sell. This is the news looming in engtex. Some well paid people purposely give conned news. How many got trapped?
Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement Engtex sold 624,600 and pocket RM1,239,614.06 . Still got 1.6 million treasury shares to sell. Beware...never buy mother share when it 's above 1.95 Hope can give dividend next quarter..
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