Posted by HuatRex > 2017-04-18 12:59 | Report Abuse

Engtex is under accumulation phase. I believe it will move very soon

Posted by wolf1 > 2017-04-18 14:47 | Report Abuse

They press down the mother share to have premium on warrant so they can convert it. It shown that the shareholder have confident on the prospect. $$ from the conversion will be use for expansion or business opportunity.

Posted by wolf1 > 2017-04-18 14:48 | Report Abuse

I believed by Oct once all warrant been convert, share will move

Posted by HuatRex > 2017-04-18 15:57 | Report Abuse

I don't think have to wait till Oct.

Posted by Ckk2266 > 2017-04-19 15:19 | Report Abuse

Sold Engtex @ 1.26

Posted by Collin Soo > 2017-04-23 11:25 | Report Abuse

Breakout at 1.27! Keep it up Engtex on next Tue!

Posted by HuatRex > 2017-04-25 17:23 | Report Abuse

Accumulation phase

Posted by probability > 2017-04-26 11:36 | Report Abuse

Choo Bee performed, Masteel performed, Pantech proven.....

Engtex?.

Posted by probability > 2017-04-26 11:47 | Report Abuse

results should be spectacular

Posted by hng33 > 2017-04-26 15:43 | Report Abuse

bought more engtex at 1.24

Posted by 8u29song > 2017-04-26 15:48 | Report Abuse

morah sikit lah...122 boleh kah...

Posted by hng33 > 2017-04-26 15:55 | Report Abuse

bought also more engtex wa at 39.5sen

Posted by probability > 2017-04-26 16:19 | Report Abuse

http://klse.i3investor.com/blogs/zefftan/115800.jsp

Posted by Collin Soo > 2017-04-26 17:06 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5406945

Posted by Collin Soo > 2017-04-27 12:03 | Report Abuse

Annual report to be released by this week.

Posted by probability > 2017-04-27 13:55 | Report Abuse

Warrant at a steep discount

Posted by Hotrod > 2017-04-27 14:44 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/04/27/engtex-secures-rm60m-contracts-in-q1-tenders-for-rm300m-jobs/

Posted by probability > 2017-04-27 14:49 | Report Abuse

fantastic news

Posted by leelc99 > 2017-04-27 16:48 | Report Abuse

@probability Are you in the warrant?

Posted by leelc99 > 2017-04-27 16:49 | Report Abuse

Expiry date is near though..

Posted by probability > 2017-04-27 16:51 | Report Abuse

yes leelc99...i think qtr results should be good.

Posted by leelc99 > 2017-04-27 16:56 | Report Abuse

Very brave man.

Posted by probability > 2017-04-27 16:57 | Report Abuse

just a little only...damage no issues for me

Posted by probability > 2017-04-27 16:58 | Report Abuse

if current qtr results is not good...you still have another qtr results to see bf u decide on the warrant...
warrant already discounted by 3 cents.

mother is too cheap currently.

Posted by hng33 > 2017-04-28 09:09 | Report Abuse

sold off all engtex at 1.28, engtex-wa at 42.5sen, lock all handsome profit, free up all capital

Posted by probability > 2017-04-28 09:13 | Report Abuse

volume is too good to let go now....next week will be spectacular performance

Posted by Collin Soo > 2017-04-28 09:28 | Report Abuse

Huge volume today! Hope can close at 1.30 today

Posted by probability > 2017-04-28 09:36 | Report Abuse

warrant is too attractive

Posted by leelc99 > 2017-04-28 09:47 | Report Abuse

Yes, I bought some warrant. Not letting go for now. It's time to go up after accumulation!

Posted by leelc99 > 2017-04-28 09:48 | Report Abuse

Think there might be dividend announcement by tonight...

Posted by steveooikp > 2017-04-28 11:46 | Report Abuse

I like the words

handsome profit.....

Posted by AKUMAUKAYA > 2017-04-28 12:59 | Report Abuse

Where is Mrtahi ?

Posted by HuatRex > 2017-04-28 15:23 | Report Abuse

who keep blocking at 1.27

Posted by Collin Soo > 2017-04-28 15:24 | Report Abuse

Should be somebody.. haha

Posted by probability > 2017-04-28 15:45 | Report Abuse

wtf is happening with Engtex?

all the buying is like going to blackhole...keep guzzling and guzzling...

Posted by ttwong > 2017-04-28 15:54 | Report Abuse

Anyone know if below disposal does provide significant boost to engtex next year earning?

(ii) In November 2016, a wholly-owned subsidiary entered into an agreement with a third party to dispose
of a parcel of industrial freehold land located at Mukim Senai, Daerah Kulaijaya, Johor for a total cash
consideration of RM11,644,150, of which RM1,164,415 was received as deposit. The transaction was
completed subsequent to the financial year end.
(iii) In November 2016, a wholly-owned subsidiary entered into an agreement with a third party to dispose
of a parcel of industrial leasehold land located at Mukim Kapar, Daerah Klang, Selangor for a total
cash consideration of RM6,647,920, of which RM664,792 was received as deposit. The transaction is
pending completion.

Posted by HuatRex > 2017-04-28 15:55 | Report Abuse

Obviously someone is pushing down the price.

Posted by Collin Soo > 2017-04-28 16:05 | Report Abuse

Today super huge volume but price cannot up more.. good or bad?

Posted by HuatRex > 2017-04-28 16:14 | Report Abuse

Good. means people are accumulating. The surge will be very strong

Posted by ccInvest > 2017-04-28 17:39 | Report Abuse

might not be good. it mean big shark are unloading...

Posted by probability > 2017-04-28 17:44 | Report Abuse

but they seem to maintain it at 1.26 and they dont want to let it go below that price...more like from insiders (for some other personal needs).

Posted by ccInvest > Apr 28, 2017 05:39 PM | Report Abuse

might not be good. it mean big shark are unloading...

Posted by Collin Soo > 2017-04-28 18:29 | Report Abuse

Good or bad we will know in May

Posted by lwyy60 > 2017-04-28 18:44 | Report Abuse

If u compare with last 10 years, p/b ratio around 0.7 and good eps and roe. And company start to pair down it debt. Just put for mid term and you will get something for return. Not just today vol quite big, recently there were trading vol which are good indicator. Plus market share increasing every years. It is a growth company. Good luck all.

Posted by probability > 2017-04-28 22:26 | Report Abuse

Icon's Engtex article in year 2014:

http://klse.i3investor.com/blogs/icon8888/62914.jsp

http://klse.i3investor.com/blogs/icon8888/63768.jsp


just to ponder on the reality of business forecasts we make and how it turns out...while refreshing a little on Engtex

Posted by probability > 2017-04-29 00:22 | Report Abuse

Some useful information from the news article released yesterday 27March 2017.
First read through it.....

Engtex secures RM60m contracts in Q1, tenders RM300m jobs

KUALA LUMPUR: Pipe manufacturer Engtex Group Bhd has secured five pipe supply contracts worth RM60mil in the first quarter of 2017 and it is also tendering for more than RM300mil jobs nationwide.

It said on Thursday the contracts were to supply mild steel cement-lined (MS) and ductile iron (DI) pipes to various government water and infrastructure projects in Johor, Pahang, Kedah and Selangor.

These contracts are estimated to be delivered within six to eight months, it said.

Engtex group managing director Datuk Ng Hook said the new contracts placed the company on a strong footing for 2017 and raised its orderbook to RM170mil as at March 31, 2017.

“Most of these are set to be recognised in the financial year ending Dec 31, 2017 (FY2017),” he said.

Ng said Engtex was also tendering for more than RM300mil worth of projects nationwide. These include new pipe supply contracts for residential and infrastructure projects.

Backed by our impeccable track record of product quality and timely delivery, we are optimistic of beefing up our orderbook to sustain our financial performance for the rest of the year.”

He added the MS pipe plant has a production capacity of 42,000 tonnes (MT) per annum and a utilisation rate of about 70%, as at Dec 31, 2016. Engtex had also invested RM7mil to expand the capacity to 66,000 tonnes.

“The MS plant’s ample capacity, ability to produce the largest-diameter MS pipe of 3020mm, and strategic location in the Klang Valley makes us well placed to supply our pipes to the vast number of ongoing developments in a timely manner,” he added.

As for its DI pipe plant in Kuantan, Ng said Engtex was investing RM8mil capital expenditure plan to expand the production capability to produce larger diameter pipes from the current 800mm to 1200mm.

The plant is set to be completed by end-2017 and position Engtex to be the largest diameter DI pipe manufacturer in Malaysia.

Posted by probability > 2017-04-29 00:25 | Report Abuse

If they process 42,000 MT per annum at 70% rated capacity, the throughput per quarter is:

42,000 x 0.70 x (1/4) = 7,350 Metric Ton per quarter!

Posted by probability > 2017-04-29 00:28 | Report Abuse

Now, if we use the same Gross Profit Margin of Choo Bee of ~ RM500 per ton of MS Steel Pipe from last quarter results, the contribution from the pipes segment alone would be reaching "3.7 Million profit" !!

Posted by probability > 2017-04-29 00:33 | Report Abuse

Please look into their website under "Manufacturing Segment" which is further divided into Pipes, Valves, Steel products and etc...

Posted by probability > 2017-04-29 18:23 | Report Abuse

http://www.thestar.com.my/news/nation/2016/12/29/high-time-for-old-water-pipes-to-be-replaced/

Posted by probability > 2017-04-29 18:29 | Report Abuse

http://www.theedgeproperty.com.my/tags/engtex-group