Posted by ring > 2015-09-19 09:46 | Report Abuse

PETALING JAYA: Klang Valley residents have been warned of possible water rationing if the current El Nino phenomenon of hot and dry weather worsens.

The warning, from Syarikat Bekalan Air Selangor (Syabas), has angered the Selangor government, which has accused the company of triggering a panic.

Syabas said the treated water supply situation in Selangor, Kuala Lumpur and Putrajaya was becoming more acute due to the El Nino phenomenon, which the country was currently experiencing.

El Nino is an irregular weather phenomenon which causes sea temperatures in the equatorial Pacific Ocean to rise, leading to unusually heavy rains in some parts of the world and drought in others.

“The El Nino phenomenon causes long droughts and shortages of raw water supply in river and dams, and simultaneously production of treated water will be lessened,” Syabas said in a statement.

“If this situation takes place, consumers will face the possibility of water supply rationing, the same as the ones the Selangor state government and National Water Services Commission (SPAN) were forced to implement

Posted by ring > 2015-09-19 09:48 | Report Abuse

Present climatical situation warrants to speed d Langat2 project hence state govt have to start calling tenders for pipe works n Engtex may be getting bigger portion of the contract!

Posted by sell > 2015-09-19 10:02 | Report Abuse

Engtex is not distributing water like Puncak. Pipe makers? Can we survive using old pipes?

Posted by ring > 2015-09-19 10:36 | Report Abuse

Fluoride???? I worked 40 yrs in d estate, water pumped from d river n sent direct to d house, we boil b4 drinking.Ppl have been having long life in d estates. Make sure u exercise for good health.

Posted by ocbc > 2015-09-20 19:18 | Report Abuse

The biggest problem is the 50十 old cement pipe caused cancer and many people still don't know.

Posted by FGV_ > 2015-09-20 22:11 | Report Abuse

Problem is Engtex does not sell water filter. It is in water pipe business.

Posted by ocbc > 2015-09-20 23:09 | Report Abuse

http://www.ncbi.nlm.nih.gov/pubmed/6480892

Posted by ocbc > 2015-09-20 23:13 | Report Abuse

So these old water pipes need to be replaced. Long over due lor.

Posted by master_tan > 2015-09-27 21:15 | Report Abuse

seems like someone is supporting this counter.......

Posted by ring > 2015-10-06 11:01 | Report Abuse

KUALA LUMPUR: The Federal government is optimistic that the takeover of Puncak Niaga Holdings Berhad (PNHB) assets by Pengurusan Air Selangor Sdn Bhd (Air Selangor) will conclude as scheduled on Oct 15.

Energy, Green Technology and Water Ministry (KeTTHA) Secretary-General Datuk Loo Took Gee said the process was moving as planned with some of the procedures needed to be fulfilled before being put to bed.

“There is no issue, we had signed the supplementary agreement. Everything is moving well now and what we need is for the state to come out with the assets, which they have already done. Things would be done at par and the next thing is for the Selangor government to take over the operations.

“There is no problem at all and in fact, the money has already been parked with the person and the payment would be done very soon once the assets are provided,” she told reporters after the opening of Asean Energy Business Forum (AEBF) 2015 here yesterday.

The AEBF 2015, held in conjunction with the 33rd Asean Ministers on Energy Meeting, was officiated by Energy, Green Technology and Water Ministry Deputy Minister Datuk Seri Dr James Dawos Mamit.

On Oct 3, Selangor Menteri Besar Mohamed Azmin Alid said PNHB and Air Selangor were resolving several technical issues involving the takeover of the company and believed it could meet the deadline.

The PNHB board of directors on Sept 14 agreed to extend the takeover period, for the eighth time, for a month from Sept 14 to enable Air Selangor to meet earlier conditions under the conditional sale and purchase agreement dated Nov 11, 2014.

Posted by master_tan > 2015-10-06 13:53 | Report Abuse

Prime Minister Najib statement when he was in US said that all the mega project will proceed as is, eventhough facing economy crisis as this moment. This will benefit Engtex on its construction division. Not to mention that Selangor water deal is ongoing smoothly and expect no more delays. Selangor government will soon launch the pipe replacement works to reduce the NRW within the state. The future of Engtex is very bright......buy when nobody notice and sell when others is greedy......

Posted by TomyamGong > 2015-10-07 16:39 | Report Abuse

all counters already take off. this counter still at airport ??

Posted by rizerlee > 2015-10-07 21:29 | Report Abuse

Lack of good news

Posted by shazza > 2015-10-07 21:39 | Report Abuse

Tymgong from many comments scare ppl n want to buy cheap. Be warned.

Posted by sheep > 2015-10-07 22:08 | Report Abuse

Buy now. Next week sure fly..contracts cuming

Posted by TomyamGong > 2015-10-07 22:32 | Report Abuse

Haha.. you are wrong shaza. I don't use such tactic if I have faith on the particular counter. I will average down instead if I think the stock is worth to keep.

Posted by KWB66 > 2015-10-08 10:28 | Report Abuse

Sheep, Are you sure? Why sure fly ? what contract? HaHaHa....

Posted by master_tan > 2015-10-08 10:31 | Report Abuse

this stock sure fly.....the management already well prepare for those nationwide mega project, pending budget announcement and contract awards.

Once contract awards, it will fly rocket high. Government will not stop the infrastructure and utilities spending , in order to boost the economy growth....In fact, Najib already said the spending will not stop in last month while he was in US visit.

Posted by goodguess > 2015-10-08 22:58 | Report Abuse

water deal done- next step stop NRW- need a lot of pipes- Engtex low PE should move up. : )

Posted by sandrakkc > 2015-10-08 23:10 | Report Abuse

stock should rerate soon after 3rd quarter result announcement 20th Nov; that without taking in the revenue generated from the pipe replacement project.

Posted by Ring > 2015-10-09 15:57 | Report Abuse

PETALING JAYA: Puncak Niaga Holdings Bhd (PNHB) has received confirmation that all conditions precedent in the sale and purchase agreement (SPA) for the Selangor water takeover deal have been fulfilled and satisfied.
In a stock exchange filing yesterday, PNHB said it was also given confirmation by Pengurusan Air Selangor Sdn Bhd (Air Selangor) that the RM1.55 billion water agreement will be completed by Oct 15, 2015.
With Air Selangor’s endorsement, the eight-year saga on the water assets transfer in Selangor will finally come to an end.
Last month, PNHB executive chairman and managing director Tan Sri Rozali Ismail threatened to terminate the water deal if it was not completed by Oct 15. Rozali, who holds a stake of just over 40% in PNHB, also threatened to sue Air Selangor.
The stop date for the water deal had been extended eight times to enable pending issues related to the water asset transfer between the state government and the federal government to be resolved.
The last extension for the stop date was given on Sept 14 and the due date was Oct 15.
Under the master agreement, Puncak Niaga will hand over its subsidiaries – Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor (Syabas) – to the state government’s Air Selangor in return for RM1.55 billion in cash.
Puncak Niaga (M) Sdn Bhd (PNSB) holds five water treatment concessions with the Selangor government while Syabas has the concession to distribute water in Kuala Lumpur, Putrajaya and Selangor.
Negotiations on the restructuring of the water services had dragged on since February 2008 before the SPA was finally signed between PNHB and Air Selangor on Nov 11, 2014.
However, the SPA was not completed and resulted in a delay in the completion of the entire consolidation of the Selangor water industry by the federal government and the Selangor government.
AmResearch said in a recent report that PNHB intends to pay out RM534 million, or RM1 per share on a fully diluted basis, as cash dividends when the deal is completed.
It said PNHB’s prospects hinge on the utilisation of the RM1 billion proceeds for either oil and gas, or plantation ventures.
PNHB’s share price was up 1.08%, or 3 sen, to RM2.82 yesterday, with 711,000 units traded.

Posted by Ring > 2015-10-15 19:26 | Report Abuse

KUALA LUMPUR: The Selangor government, through Pengurusan Air Selangor Sdn Bhd (Air Selangor), has met the Oct 15 deadline to take over the state’s entire water industry. Today it paid off the outstanding purchase price of RM1.554bil for Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor Sdn Bhd (Syabas).

Puncak Niaga Holdings Bhd (PNHB) told Bursa Malaysia that the company had today received the balance and hence the proposed disposals of its two subsidiaries had been completed.

“Accordingly, Puncak Niaga and Syabas shall cease to be a subsidiary and joint-venture company of PNHB group respectively with effect from Oct 15, 2015.” it said.

PNHB owns 100% equity interest in Puncak Niaga and 70% in Syabas.

On Sept 14, PNHB had agreed to the eighth and final extension of the stop date (to Oct 15) for the completion of the sale and purchase agreement (SPA) with Air Selangor.

The conclusion to the water deal, which marks the consolidation of the Selangor water industry, has been a long time coming, PNHB signed a conditional SPA to sell the company’s water assets in Selangor, Kuala Lumpur and Putrajaya to Air Selangor for RM1.55bil in November last year, but the state’s water restructuring had hit a snag since 2008 due to various disagreements between the state and federal governments.

PNHB shares closed unchanged on Thursday at RM2.87, with 1.397 million shares changing hands.

Posted by master_tan > 2015-10-16 20:11 | Report Abuse

engtex soon will be awarded contract for the water pipe replacement project by Selangor government. This extra contract will boost its earning rocket high, and so the stock price. Estimate by end of next year, the TP is RM2.00.

Posted by sheep > 2015-10-21 14:38 | Report Abuse

Zelan, ICOP get RM97m Langat plant, pipe project. Who is supplying them the 16.6km pipes?

Posted by sheep > 2015-10-21 15:18 | Report Abuse

more to come....

Posted by sheep > 2015-10-22 09:51 | Report Abuse

next week water play?

Posted by BN_menang > 2015-10-22 16:18 | Report Abuse

Engtex is not water company. People can still use even 50 years old water pipe.

Posted by sheep > 2015-10-22 16:33 | Report Abuse

they need big and small water pipes... to replace the leaking or old old very old ones

Posted by BN_menang > 2015-10-22 16:40 | Report Abuse

Why nobody ever come to change my house old pipe?

Posted by sheep > 2015-10-22 16:49 | Report Abuse

Doi, you pay them they come. Jelly fish!

Posted by Ng Kai Yau > 2015-10-27 09:22 | Report Abuse

Received big order from LG2?

Posted by KWB66 > 2015-10-29 15:59 | Report Abuse

hold tight! coming soon.....

Posted by TomyamGong > 2015-10-30 11:12 | Report Abuse

I had been with Engtex since 2 yrs back. Management never disappoint me so far. I will still stick with Engtex for coming 2yrs :)

Posted by Ring > 2015-10-31 16:49 | Report Abuse

SHAH ALAM: The Selangor government will develop new water source projects to mitigate the possibility of supply shortage in the state as the Langat 2 Water Treatment Plant project is not expected to be completed until the middle of 2019.
Menteri Besar Azmin Ali said the new projects to be developed at a cost of RM778 million were the Labohan Dagang Water Treatment Plant and the Semenyih 2 Water Treatment Plant in Jenderam Hilir.
He said this when tabling the state’s 2016 budget of RM2.88 billion at the state assembly sitting here today.
“From Oct 15, Pengurusan Air Selangor Sdn Bhd, the state government’s wholly-owned subsidiary, had officially taken over the operation management of Syabas (Syarikat Bekalan Air Selangor Sdn Bhd) and Puncak Niaga Sdn Bhd.
“Insya-Allah (God willing), there will be no more water rationing in Selangor,” he said.
Azmin also informed the assembly that the state government would begin its comprehensive study on the development of the Klang river involving an allocation of RM15 million next year.
– BERNAMA

Posted by ocbc > 2015-11-01 16:13 | Report Abuse

http://www.therakyatpost.com/news/2015/10/31/new-water-supply-projects-to-avoid-water-crisis-in-selangor/

Posted by ocbc > 2015-11-01 16:14 | Report Abuse

Yes...finally

Posted by sheep > 2015-11-01 18:38 | Report Abuse

buy and keep for two years...sure untung manyak.

Posted by ocbc > 2015-11-04 08:15 | Report Abuse

http://m.thesundaily.my/node/336424

Posted by ocbc > 2015-11-04 08:16 | Report Abuse

Don't slow slow....

Posted by lcng123 > 2015-11-04 09:04 | Report Abuse

Good news going to be announce soon.

Posted by Terence Chin Yun Peng > 2015-11-09 15:27 | Report Abuse

good news faster come pls .. i felt damn sleepy .. kesian

Posted by ring > 2015-11-09 19:43 | Report Abuse

http://www.freemalaysiatoday.com/category/nation/2015/11/09/sgor-water-firms-to-release-annual-reports/

Posted by TomyamGong > 2015-11-11 00:54 | Report Abuse

Good news? Shall coming soon?

Posted by thesteward > 2015-11-11 08:01 | Report Abuse

time to go up

Posted by TomyamGong > 2015-11-11 13:10 | Report Abuse

No buyers. Sharks still on holiday now. Maybe wait till end of the mth and see how.

Posted by Goinvest88 > 2015-11-11 20:45 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/85974.jsp

Posted by TomyamGong > 2015-11-11 23:05 | Report Abuse

收盘时硬拉回变青色是什么征兆？

Posted by beeair2013 > 2015-11-12 09:55 | Report Abuse

ripe for a run...........

Posted by duitKWSPkita > 2015-11-12 09:56 | Report Abuse

hahahahaha

I got ENGTEX-WA tis morning....wakakakakka

Posted by runnerman > 2015-11-12 12:33 | Report Abuse

Time to accumulate.....