Just sharing: of 3 front runners of water piping supplier and likely winner for Langat 2 & water pipe change project. I choose Engtex. Reason being this counter has much much better fundamental compared to the other. Be it strong & relatively consistent EPS (double digit) for the past five years, ROE > 10% and etc ...In other words, if not considering langat 2, this company still making lots of profit. http://klse.i3investor.com/servlets/stk/fin/5056.jsp
Hi 2862862, not Jaks? Anyway, we do not know what will be the end result for the tender but i guess recent GE has put both ruling and opposition under spot light of their every move. Any mis-move, either in policy, or awarding project may become a shooting target. Plus, i'm still trying to source the info whether both JAKS or YLI are actually customers of Engtex. Yet to confirmed. But from the investment point of view, maybe we should go for a counter that is still profitable whether or not they get langat 2 project. So, based on past financial performance, i go for Engtex which no matter win or lose of langat 2, they are still in good shape.
Ha Ha Ha, agree with u bro :) Engtex more strong base on result Engtex the best and PE 4.5 +- but must monitor debt VS cash & risk. If Their stock convert cash RM 2 anytime !
Just to add in, even excluding Langat 2 completely. There's still a lot of new revenue stream coming in, hotel(2014/2015), properties(ongoing). These 2 segments are not entirely realised in current EPS. Assuming jaks or yli is fully occupied with langat 2, it'll create a shortage of pipe supply too, eventually engtex will benefit from it as well indirectly.
US's QE tapering around the corner...quite certain of this but do not know the scale of tapering...USD up and gold down...beware and dont play big....any price correction after 17th & 18th Sept FOMC meeting will be good opportunity to "sai lang" for me...ha ha
Short term, where you think it'll go? North or South? I'm not good with short term... good news today is big volume, bad news is, even with huge volume today, it didn't break 1.24 mmm
South for next week due to QE tapering and back north in October before budget talk. Then all the way north till November before water talk between khalid & BN
Both FA & TA are bullish...the only thing can stop Engtex & -wa is the external factor...pray hard for a deep drop before a crazy hike...then we small investors can have better 3 meals.
couple of weeks ago tabung haji may still have 5 million shares left, after selling a lot in the last round of 1.18-1.25 stages. If they follow same sell pattern in this round, they should've sold all of their engtex shares by now, unless another major shareholder takes profit and keep sell, engtex should climb up now..
Again big volume at 1.24, sometimes i wonder if it's just shares exchanged from left hand to right hand... can't be such a coincidence every time big seller is matched by big buyer...
isn't it strange/coincidence that everytime a big seller comes, there's an equal big buyer? It's like they have a deal already to sell at x price. Imagine if there's no prior deal, and there's this huge sell volume at 1.24, it should put a lot of pressure on the price and send it downward... or if there's this BIG buyer, and there's no prior arrangement, then it should also drive the price up significantly.. anyway, expect TH to be finishing off their shares either today/3 days later at this rate..
Anyway, assuming the big fish who bought huge chunks of engtex at 1.24 aren't stupid and is looking for at least 10% gain... 1.24*1.1 = 1.36 TP for the rest of us
Unless, the shares are sold from left hand to right hand to create the impression there's big volume going on... :P
Sometimes we need patience as right now we are seeing congestion buyers and sellers are equally strong.The fact it closed to match yesterday's closing price showed that the selling is well absorbed. So it is beginning to move out from the consolidation phase.
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 325 views | 2 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 11581 views | 10 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....
YiStock
1,984 posts
Posted by YiStock > 2013-09-05 14:55 | Report Abuse
http://www.malaysiakini.com/news/240240