Posted by nikicheong > 2017-08-07 19:53 | Report Abuse

JF Apex has produced a great research paper, but be patient. Come back at the end of October/early November. Or if there is a sudden plunge in the coming 2 months.

Posted by darkstar > 2017-08-07 19:59 | Report Abuse

Cash proceeds from warrants - Engtex has 133m warrants which will expire in October 2017. Conversion of the warrants could raise RM110m to reduce borrowing, expand production and fund upcoming property development.

Posted by darkstar > 2017-08-08 10:36 | Report Abuse

@Dualshock, yes agree on the impact of warrants conversion. For existing mother shareholder, I guess just have to wait first.

Posted by Ring > 2017-08-08 10:53 | Report Abuse

http://www.theedgemarkets.com/article/engtex-sees-growth-nationwide-piping-projects

Posted by Collin Soo > 2017-08-09 17:29 | Report Abuse

Please wake up Engtex. We all waiting for your performance.

Posted by darkstar > 2017-08-10 17:38 | Report Abuse

Keep bleeding..

Posted by nikicheong > 2017-08-10 22:56 | Report Abuse

Now with steel price so high, it will impact Engtex, since they are downstream player, not upstream. As downstream their procurement price will be increased, which is a negative. Prepare for some heavy selling as the upstream steel counters jump up.

Posted by Goinvest88 > 2017-08-12 15:40 | Report Abuse

Steel price so high, cost increased. Question is whether they are enduser or can escalate the cost to their customers.

Posted by nikicheong > 2017-08-13 13:09 | Report Abuse

They can likely pass through cost, but not so fast. Immediate quarters will suffer a margin compression before the cost is fully passed through. Might present some buying opportunity in 2-3 months time (compounded with the warrants thing).

Posted by darkstar > 2017-08-15 16:35 | Report Abuse

Engtex has strong support at this level. Just have to pull through. Invest for future, not today.

Posted by andr > 2017-08-18 15:19 | Report Abuse

Big boys still collecting around 1.2, once they are done, show will start.

Posted by swtue2 > 2017-08-18 16:41 | Report Abuse

Show time is coming..
purposely press down the price n keep collecting then price shoot up...==

Posted by goodguess > 2017-08-18 16:45 | Report Abuse

good results coming out?

Posted by darkstar > 2017-08-19 10:42 | Report Abuse

Finally it moves :)

Posted by swtue2 > 2017-08-21 15:19 | Report Abuse

lousy counter...Not moving at all

Posted by tooeasy > 2017-08-21 23:15 | Report Abuse

The foundation of this company is good, no one invest for 1-3 months time, dumb dumb hold and you will profit in the long run

Posted by darkstar > 2017-08-22 17:57 | Report Abuse

agree with tooeasy, nothing is easy or free in this world.

Posted by Saber > 2017-08-23 11:37 | Report Abuse

anyone know wen is their qtr result?

Posted by ImmaBullishDog > 2017-08-23 18:23 | Report Abuse

it is out Saber. But i think it is best you refer http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5056

Posted by goodguess > 2017-08-23 21:11 | Report Abuse

Base on history of profits every year for 10 consecutive years and comparing to steel counters should have a PE 10x. Price should be 1.80. with conversion of warrants should have more cash to expand business and cut down borrowings. Further more awaiting splash deal to conclude and start to replace old pipes.Positive sentiments.

Posted by KLCI King > 2017-08-23 23:06 | Report Abuse

When calculating PE, please take into the account of warrants conversion, the price should be much lesser, not RM1.80 if PE10

Posted by ccInvest > 2017-08-24 18:02 | Report Abuse

great sell pressure.

Posted by darkstar > 2017-08-29 21:36 | Report Abuse

Despite the decline in 2Q17 earnings, Engtex’s performance is within expectation as we project 2017 net profit growth to slow to 5.3% from 47% in 2016 in view of cautious sentiment in the property, construction and infrastructure industries, before growing 18.7% in 2018.

Posted by hng33 > 2017-08-30 11:28 | Report Abuse

bought engtex at 1.17

Posted by darkstar > 2017-08-30 17:31 | Report Abuse

Target price of RM1.60 based on FY18F EPS with forward PER of 10.2 times, based on industry peer average. This translates into a potential upside of 26% against its current share price.

Posted by nikicheong > 2017-09-04 18:56 | Report Abuse

Patience my friends, let the warrants get converted. No hurry. Current price is good entry point, but as an investor your job is to look for large discounts, not minor discounts or fair value, or worst still, pay a premium.

Posted by hng33 > 2017-09-07 20:14 | Report Abuse

The price of steel has been moving up lately due to higher cost of iron ore and coking coal. If the increasing price trend is sustainable, this will bode well for the Engtex as whole sales metal distributor in the coming quarter.

Posted by hng33 > 2017-09-08 14:18 | Report Abuse

In previous Q2 result, Engtex track other metal stock, report lower profit due to lower selling price and lower demand. In the next coming quarter, Engtex will also track other metal stock on earning recovery

Posted by hng33 > 2017-09-08 14:35 | Report Abuse

bought more engtex at 1.17

Posted by hng33 > 2017-09-08 15:19 | Report Abuse

YES, moving higher now :D)

Posted by hng33 > 2017-09-12 10:45 | Report Abuse

sold back engtex at 1.21-1.22, lock profit, free up capital

Posted by swtue2 > 2017-09-19 08:49 | Report Abuse

Will the price shoot up when the October 2017 deadline for Air Selangor to complete state water restructuring plan?

Posted by Goinvest88 > 2017-09-19 10:08 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/09/18/salcon-to-replace-pipes-for-air-selangor/

Posted by swtue2 > 2017-09-19 11:36 | Report Abuse

Salcon is a main con? o.0

Posted by Goinvest88 > 2017-09-19 12:52 | Report Abuse

Key word: Air Selangor will also allocate a budget of RM1.3bil for building two additional water treatment plants and for pipe replacement throughout Selangor.

Salcon is constructor to replace pipes. Which company going to supplies pipes?

Posted by swtue2 > 2017-09-19 13:34 | Report Abuse

Thanks @Goinvest88.
I gt the ans XD

Posted by hng33 > 2017-09-19 16:33 | Report Abuse

bought back engtex at 1.18

Posted by hng33 > 2017-09-21 12:02 | Report Abuse

sold back all engtex at 1.21, lock good contra profit, free up capital again

Posted by hng33 > 2017-09-25 16:00 | Report Abuse

bought back engtex again at 1.17

Posted by fzank > 2017-09-26 16:16 | Report Abuse

buy engtick 1.18

Posted by fzank > 2017-09-26 16:16 | Report Abuse

buy sandai 0.805 lol

Posted by swtue2 > 2017-09-27 07:17 | Report Abuse

Is time to shoot up~sleeping beauty:)

Posted by hng33 > 2017-09-27 11:52 | Report Abuse

sold back engtex at 1.18, lock slim contra proft, free up capital first

Posted by hng33 > 2017-09-27 12:08 | Report Abuse

bought back engtex at 1.16, reverse into higher FAST contra gain

Posted by hng33 > 2017-09-27 15:51 | Report Abuse

Add more engtex at 1.16

Posted by Chua Zhi En > 2017-10-02 13:48 | Report Abuse

Sell at 1.11? Free up capital first?

Posted by john1218 > 2017-10-02 14:50 | Report Abuse

Or add more at 1.11?

Posted by demon_hunter > 2017-10-02 16:53 | Report Abuse

haha low can be lower...

Posted by swtue2 > 2017-10-03 09:15 | Report Abuse

low can be lower but i will FIGHT till the end..hehe
Keep absorbing...

Posted by hng33 > 2017-10-03 15:40 | Report Abuse

bought more engtex at 1.11