when the share is cheap (but no interest), people will shun it, and will panic buy when it is moving upwards. the stock's nta is worth hell off a lot if you were to asess its landbanks.( the pipe business aside) have to keep, it is an investment counter .
This year will be a superb year for Engtex as low steel price has hit them in FY2015 (write-down of inventories). For FY2016, 1H16 saw steel prices reversed and has been uptrending until now. To top if off, further crackdown on one of the largest nickel mining countries and nickel being one of the important raw material for steel, i believe steel prices will continue to go up and Engtex would definitely be benefiting from this. Link: http://www.mining.com/nickel-price-jumps-manila-mining-crackdown/ I am definitely looking at FY2016 full year profit of around RM50-60 million (annualizing first quarter results), a 50% increase from FY2015 full year net profit. With RM60 million profit at current mkt cap of RM367 million, it is only hovering at PE of 6x. Bargain or not, you all decide. For me, this will be one hell of an investment for me this year.
with visible earning for future quarter and years. Its price sure will rise stablely. What i wish is those holder please throw it at lower price to me now.
Market has overlooked this company with its strong quarter report as out in 26 August 2016 with EPS earning of 6.86 sen, but the price just in stagnant ?
at this price 1.27---it is better to buy Kps.....Estimate to receive 1Xbook value of Splash(RM750m) and maybe Sapu All Selangor Pipe Replacement projects bcoz kps is 60% owned by KDEB
Kps just bought a Plastic pipes company using technology from Germany (actually Syabas is also using plastic pipes(pvc) for small diameter pipings where most of the breakage occurs). The huge carbon steel pipes( 3 and above feet Diameter) replacement biz is now monopoly by taliworks and Jaks
Result good but price lacklusterate show investors waiting the explore news. The recent conversion of warrant to mother share press down the price implied those interested to buy this counter need to very patient to wait
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 264 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11413 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
bonescythe
0 posts
Posted by bonescythe > 2016-07-08 22:14 | Report Abuse
1.30 on track
Strong EPS.. strong demand on steel products
Add the pipe in, will explode