This useless company buyback to earn. Once reach 1.80 will start selling. Pls go view their past record. They rather to earn also don't want give bonus share from treasurer
In Budget 2018: - non-revenue water programme to reduce loss of water (RM 1.4B). - improve infrastructure for the rakyat (water & electricity supply) RM 1.1B
“We have been habitually paying dividends, but around one sen per share. While we will always invest in our business to remain competitive, we are looking to reward loyal shareholders,” says its founder and managing director Datuk Ng Hook
“We are initiating coverage on Engtex with a ‘buy’ call at a target price of RM1.60 based on FY18F earnings per share with a forward price earnings ratio of 10.2 times, based on industry peer average. This translates into a potential upside of 26% against its current share price,” it said.
JF Apex said that Engtex, being a leading integrated pipeline systems provider and supplier, is a beneficiary of nationwide piping projects from both the public and private sectors.
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....
hng33
20,506 posts
Posted by hng33 > 2017-10-03 15:44 | Report Abuse
selloff due to new share arising from warrant conversion is grossly overdone