secure of more MC (mild cement) and DP (ductile pipe) contract show the demand for the replacement getting higher. If the SPLASH water issue solved and shall benefit of it since Engtex is the biggest manufacturer
Pipe manufacturer Engtex Group Bhd’s orderbook grew to RM170 million as at March 31, 2017, after the company secured five pipe supply contracts worth RM60 million in the first quarter of 2017.
Engtex said most of these are set to be recognised in financial year ending Dec 31, 2017 (FY2017).
Buy share is like joining into a bisness. With NTA 1.72 and promising biz, you dont worry about this. This year cimb analysis index will go up between 1820 and 1850. Malaysia incurred serious water loss around 30% or more. It needed to replace more pipeline. This is one of the catalys. It just matter of time it will go up. JUST review this quarter basic. If u monitored big vol recently, it mean ppl are buying into this. As long it is not in recession, just keep this 1 to 3 years and keep into your portfolio. Other then this o & g sector, buy while other in fears. Good luck all.
Future Outlook part@Annual Report:The steel pipe piles factory in Kuantan, Pahang which was completed in December 2015 has commenced operations and is well positioned to undertake infrastructure projects in the ASEAN region.
Annual Report 2016: Several strategic investment plans related to our core activities have been undertaken by the Group to maximise the utilisation of resources and provide medium to long term returns of investment, amongst others, as follows: • upgraded the mild steel concrete-line facility to increase the capacity from 42,000 metric ton per annum to 66,000 metric ton per annum by installing new finishing line in 2016; • acquired several parcels of industrial land and buildings in Melaka in October 2015 for RM14,380,000 which owns a steel manufacturing facility to expand its range of steel products; • took full control of the affairs and business direction of EngLen Manufacturing Sdn Bhd, which owns the steel wire mesh plant in Sabah by acquiring the remaining 40% equity stake it does not own in May 2016; • disposed a parcel of vacant industrial land in Johor for RM11,644,150 in November 2016 as part of the move to divest non-core asset and pare down bank borrowings; • took full control of the affairs and business direction of Engtex Ductile Iron Pipe Industry Sdn Bhd which owns the ductile iron pipe plant in Kuantan by acquiring the remaining 9% equity stake it does not own in March 2017. Works are in progress in 2017 to invest about RM8.0 million in new facilities to produce larger diameter ductile iron pipe from 800 mm currently to up to 1,200 mm; and • plan to invest about RM10.0 million in 2017 on a new steel pipe manufacturing plant on a vacant factory building in Kuantan with capacity of 96,000 metric ton per annum.
yup, Goinvest88 is right, their ceasing is due to dilution of shareholding, not selling. Therefore their last known trading transaction is in Feb which is buying.
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HuatRex
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Posted by HuatRex > 2017-05-02 10:14 | Report Abuse
1.27 resistance is damn strong