ENGTEX GROUP BHD

KLSE (MYR): ENGTEX (5056)

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Last Price

0.935

Today's Change

-0.015 (1.58%)

Day's Change

0.92 - 0.95

Trading Volume

208,500


9 people like this.

2,650 comment(s). Last comment by KingKKK 1 month ago

Superb99

6,577 posts

Posted by Superb99 > 2021-03-06 00:00 | Report Abuse

This company zzz d...too bad

see2sea

2,194 posts

Posted by see2sea > 2021-03-08 17:41 | Report Abuse

Be patience..reward coming i believe

Superb99

6,577 posts

Posted by Superb99 > 2021-03-08 19:37 | Report Abuse

Ya, reward by reducing price to 0.62

Posted by investment888 > 2021-03-09 22:23 | Report Abuse

Hopefully slowly go back up and form another cup & handle. From the current graph today, looks like 0.62 is the bottom of the cup.

Superb99

6,577 posts

Posted by Superb99 > 2021-03-10 19:30 | Report Abuse

I sold d as I did average down once it found support around 0.62, will come back once uptrend is firm again

see2sea

2,194 posts

Posted by see2sea > 2021-03-12 12:09 | Report Abuse

Well done Superb99..im still waiting

Posted by investment888 > 2021-03-12 13:20 | Report Abuse

Bosses bought more shares

see2sea

2,194 posts

Posted by see2sea > 2021-03-18 09:49 | Report Abuse

Engtex when want to fly?

Posted by Siangwen Kong > 2021-03-18 21:33 | Report Abuse

Tom

Posted by Siangwen Kong > 2021-03-18 21:33 | Report Abuse

Tom

see2sea

2,194 posts

Posted by see2sea > 2021-03-19 14:01 | Report Abuse

Pump and dumb?

Posted by localmotive > 2021-04-02 22:02 | Report Abuse

When is this going to go back to 80+ sen? Like no more power lah!

Posted by localmotive > 2021-04-02 23:21 | Report Abuse

good qr + dividend + warrants also not moving up

see2sea

2,194 posts

Posted by see2sea > 2021-04-05 17:51 | Report Abuse

Operator playing themself..lol

excelyou

1,255 posts

Posted by excelyou > 2021-04-06 12:15 | Report Abuse

The steel market extended its upward momentum into April, with Shanghai steel futures rising above 5,000 yuan a tonne for the first time ever ahead of a seasonal recovery in demand and uncertainty over supply after top steelmaking city Tangshan pledged to cut emissions by 50% during days of heavy pollution. Domestic demand is likely to be spur by strong construction and manufacturing activities over the coming peak season. China’s property and infrastructure investment surged 38.3% and 36.6%, respectively, in the first two months of 2021 as the economy consolidated its recovery from the coronavirus blow; and industrial profit surged 179%. Latest data from Worldsteel showed most regions reported a decline in crude steel output in February, led by North America (down 8.9%), the European Union (down 7.1%) and Africa (down 6.4%). On the other hand, China the world's largest steelmaker produced about 83 million tonnes in February 2021, up by 10.9% from February 2020.

excelyou

1,255 posts

Posted by excelyou > 2021-04-06 12:16 | Report Abuse

Buy before warrant approve

excelyou

1,255 posts

Posted by excelyou > 2021-04-07 15:05 | Report Abuse

NEWS
Exceptional increase in steel prices
01/03/2021 - Press release , François-Xavier Branthôme - 2021 Season
Unexpected rebound in global automotive industry causes shortage

For several months, players in the metal packaging manufacturing industry, including manufacturers of steel drums for tomato paste, have been worried about the sharp rise in the prices of flat steels used by their industry.

In November, the European Association of Steel Drum Manufacturers (SEFA) drew the attention to the situation on the European flat steel market, which was likely to affect its industry and consequently our tomato processing industry as well in the coming months.
At this time, there were increasing reports of long delivery and lead times at steel mills and delays in the delivery of steel quantities already ordered. For example, the situation was discussed in a contribution by steel market analyst Andreas Schneider: “Steel processors rub their eyes in amazement: while the demand for steel in Germany this year falls to its lowest level in eleven years, steel procurement in the market segment for flat products is currently a challenging task“. Hot-dip galvanized sheet, but also hot-rolled wide strip and cold-rolled sheet are the most affected. Several local steelmakers are completely booked up until March 2021, reports the renowned company MEPS2.

The reasons for the current situation could be summarized as follows:
The demand in some segments of the steel market, in particular the automotive industry, recovered since the summer faster than many had expected. In addition, many companies were replenishing previously reduced material stocks. By contrast, blast furnace-based steel production, which is relevant for flat steel, was only very slowly getting back on track. MEPS reported that volumes were being diverted from other applications to the automotive industry. In view of the fact that only a very low percentage of the world steel production goes into the packaging industry, it was to be feared that shifts would also affect the production of steel drums.
Driven by the strong Chinese market, steel prices in Asia were significantly higher than in Europe for much of the year. Together with the import restrictive measures imposed by the EU, this led to a significant drop in the volume of imports from third countries this year.
This development was supported by high raw material prices. In particular, iron ore prices reached their highest level in six years.




STEEL PRICE GOING UP AND HIT HIGHEST IN 5 YEARS PERIOD. ENGTEX WILL REACH THEIR HIGEST RM1.50 ABOVE AGAIN

excelyou

1,255 posts

Posted by excelyou > 2021-04-07 15:10 | Report Abuse

Steel prices likely to go up again in April
By: FE Bureau | April 5, 2021 12:30 AM

While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis.
steelmakers
A near-term momentum in HRC prices is likely, with prices.
While India HRC prices in Mar-21 were flat m-m and lower vs the peak levels in Jan-21, they were up ~42% on a y-o-y basis. A near-term momentum in HRC prices is likely, with prices expected to witness Rs 2,000-3,000/t hikes in April 2021, on the back of strong domestic demand, rise in export price offers (up $30/t w-w) from Vietnam and local steel being Rs 5,000/t cheaper vs imported steel on landed cost basis, Nomura has said.

see2sea

2,194 posts

Posted by see2sea > 2021-04-07 16:48 | Report Abuse

Engtex operator dont want push

I cutloss 0.68sens today. Thank you

see2sea

2,194 posts

Posted by see2sea > 2021-04-07 17:11 | Report Abuse

Buy below 63sens sure win not above to all investors

sten_still

375 posts

Posted by sten_still > 2021-04-16 00:34 | Report Abuse

will it break ascending triangle soon ?

W W

6 posts

Posted by W W > 2021-04-19 14:56 | Report Abuse

What's the reason operator setting Road block? Always saw high sell volume

excelyou

1,255 posts

Posted by excelyou > 2021-04-19 17:09 | Report Abuse

By Annie Lee | Bloomberg | 2021-04-19 13:07:43

(April 19): Iron ore futures in Singapore surged on signs of robust demand from China’s steel sector, while market focus shifts to output reports from the top producers this week.

Prices advanced for a fourth day on buoyant consumption and improved mill profitability in China, the world’s top steel market. Crude steel production jumped 19% last month from a year earlier to near a record, while exports climbed in March amid optimism about the global economic recovery.

China’s steel output is booming at the same time a pollution crackdown has lifted prices of the alloy and benefited profit margins at the nation’s mills.

excelyou

1,255 posts

Posted by excelyou > 2021-04-20 09:46 | Report Abuse

MELBOURNE (April 20): Global miner Rio Tinto Ltd reported lower quarterly iron ore output on Tuesday as wet weather and labour shortages impacted its mine and port operations in Western Australia.

Above average wet weather in the mines and workforce availability disrupted maintenance during the quarter, Rio said, while Tropical Cyclone Seroja impacted operations in April.

Production for the quarter stood at 76.4 million tonnes, down 2% from the same period last year.

"You'd have to suggest that its a pretty average result. They have not delivered iron ore into a solid pricing environment," said David Lennox at Fat Prophets in Sydney.

excelyou

1,255 posts

Posted by excelyou > 2021-04-20 09:46 | Report Abuse

Invest before everyone shift to Steel

Posted by investment888 > 2021-04-21 17:26 | Report Abuse

Boss bought a lot, maybe good results coming up soon !

excelyou

1,255 posts

Posted by excelyou > 2021-04-21 17:33 | Report Abuse

Shanghai steel futures have been trading above $5,000 yuan a tonne since the beginning of April, a record high, buoyed by strong demand and environmental restrictions imposed in China’s steel capital Tangshan. China’s crude steel output increased 19% from a year earlier to a near-record on high-profit margins and exports in March jumped to a 4-year high, signaling robust global demand. The construction frenzy that has been boosting demand for the metal is likely to be spur by strong construction and manufacturing activities over the coming peak season.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-04-21 17:54 | Report Abuse

Still holding.

excelyou

1,255 posts

Posted by excelyou > 2021-04-21 21:12 | Report Abuse

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 21 April 2021, resolved to approve the following:-



admission to the Official List and listing of and quotation for up to 110,829,825 Warrants to be issued pursuant to the Proposed Rights Issue of Warrants; and
listing of and quotation for up to 110,829,825 new Engtex Shares to be issued pursuant to the Proposed Rights Issue of Warrants.

Posted by investment888 > 2021-04-21 21:17 | Report Abuse

Just wondering, regarding this coming right issue with warrant, do shareholders need to pay extra to subscribe to it or just hold on to our existing shares to get the warrant ?

Posted by Chives Wong > 2021-04-22 10:24 | Report Abuse

Big road block at 0.7. Unlikely the price will go up for some reasons, warrant?

Posted by SpicyMcDeluxe > 2021-04-27 10:04 | Report Abuse

kekw

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-04-27 22:59 | Report Abuse

Still holding.

excelyou

1,255 posts

Posted by excelyou > 2021-04-28 10:57 | Report Abuse

NEW HIGH STEEL PRICE

Shanghai steel futures surged past another milestone to trade above 5,300 yuan a tonne as attempts from steel mills to produce more have been limited due to environmental restrictions imposed in China’s steel capital Tangshan while demand keeps growing. China’s crude steel output increased 19% from a year earlier to a near-record on high-profit margins and exports in March jumped to a 4-year high, signaling robust global demand. The construction frenzy that has been boosting demand for the metal is likely to be spur by strong construction and manufacturing activities over the coming peak season.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-04-28 17:45 | Report Abuse

Still holding.

excelyou

1,255 posts

Posted by excelyou > 2021-04-29 00:04 | Report Abuse

China cuts steel import tariffs to push industry to improve
https://www.channelnewsasia.com/news/business/china-cuts-steel-import-tariffs-14710790


STEEL COUNTER WILL FLY LIKE GLOVE IN 2020

stainlyho37

2,249 posts

Posted by stainlyho37 > 2021-04-30 11:07 | Report Abuse

this engtek going to 0.8 today ????...earning and n.assets very good !!

excelyou

1,255 posts

Posted by excelyou > 2021-04-30 11:13 | Report Abuse

In 2021 , RM1.90 is possible since warrant and dividend declared.

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-04-30 18:51 | Report Abuse

Still holding.

excelyou

1,255 posts

Posted by excelyou > 2021-05-01 07:17 | Report Abuse

Iron ore price soars to a record high as China’s steel mills run hot

By Nick Toscano
April 28, 2021 — 4.35pm
The price of iron ore, Australia’s biggest export, has surged to an all-time high as aggressive, infrastructure-focused stimulus programs in China fuel booming demand for the key steel-making raw material.

excelyou

1,255 posts

Posted by excelyou > 2021-05-01 07:19 | Report Abuse

Engtex holding lot of stock from 2020 and with increase is average selling price, push new high profit like LCTITAN

Posted by localmotive > 2021-05-02 16:14 | Report Abuse

can anyone advise on the upcoming warrant issue, is it free warrants or do we need to pay for it?

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-05-02 16:23 | Report Abuse

The warrants are not free. The issue price of the warrants has not been fixed yet, the indicative issue price is 3 sen.

Posted by localmotive > 2021-05-02 18:16 | Report Abuse

Thanks @ TheContrarian .... 3 sen sounds very reasonable

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-05-02 19:32 | Report Abuse

U r welcome.

caonima

367 posts

Posted by caonima > 2021-05-02 21:19 |

Post removed.Why?

excelyou

1,255 posts

Posted by excelyou > 2021-05-04 14:46 | Report Abuse

BUSINESS
Malaysia's steel price to ride global wave in 2021
By John Gilbert
May 3, 2021 @ 10:42am

Malaysia's steel price to ride global wave in 2021
Malaysia’s steel industry is expected to pick up again in 2021 after a slowdown in 2020, in line with rising global steel prices and the rollout of mega projects by the government.
KUALA LUMPUR: Malaysia's steel industry is expected to pick up again in 2021 after a slowdown in 2020, in line with rising global steel prices and the rollout of mega projects by the government.

Industry players said this would be boosted by the New Industrial Master Plan (NIMP) 2021-2030, which will chart the future direction of industrial development in the country.

excelyou

1,255 posts

Posted by excelyou > 2021-05-04 16:06 | Report Abuse

All steel counters will break their 2018 high.

LIOND - RM1.30
ENGTEX - RM1.55

TheContrarian

8,599 posts

Posted by TheContrarian > 2021-05-04 17:09 | Report Abuse

Still holding.

excelyou

1,255 posts

Posted by excelyou > 2021-05-04 20:07 | Report Abuse

the new themes in electric vehicles, solar and green energy, 5G, big data and IoT (Internet of Things) will boost the steel industry as it moves up the value chain.

2021 theme is Steel .

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