Yeah good stock technically, the uptrend continues. Recent breakout at 0.670. The next major resistance is at 0.710. 20 days moving average indicating the degree of strength. Follow or DM for more technical outlook.
Started from a small hardware retail shop at Jalan Ipoh, Kuala Lumpur in 1983, Engtex Group Berhad (“Engtex”) has successfully thrived to become one of the largest and leading integrated manufacturer and ‘one-stop’ distribution centre in Malaysia for pipes, valves, fittings, plumbing materials and steel products that specialize in total supply-chain solution provision for water supply, sewerage system, and construction industries. Engtex is listed on the Main Market of Bursa Malaysia since 2 August 2002.
Over the past 14 years, the company achieved an average ROE of 8%. This is good considering that the mean ROE of the Bursa steel companies averaged negative 1%.
This year is engtex golden multifold year.. in order to increase water price, i think government rather to fix the pipe to reduce NRW. It is win win win 3 status to everyone win: we still got cheap water price win: government earn from NRW win: local company win from water pipe project
ENGTEX GROUP BERHAD (5056) Last Price Change Volume 1.110 KLSE Market Watch 0.050 (+4.72%) 61,944 Open: 1.050 Day Range: 1.050 - 1.120 Prev Close: 1.060
Notice of Person Ceasing (Section 139 of CA 2016) ENGTEX GROUP BERHAD Particulars of Substantial Securities Holder Name DATO' LIM KIAM LAM Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name of registered holder Dato' Lim Kiam Lam Date of cessation 08 Feb 2024 No of securities disposed 2,898,800 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares in open and off market. Nature of interest Direct and Indirect Interest
Date of notice 14 Feb 2024 Date notice received by Listed Issuer 14 Feb 2024
Malaysian Federal Government May Help Finance Penang Water Pipe Upgrade asianwater January 23, 2024 The federal government is studying whether it can provide grants or loans to the Penang government for upgrading a main valve at a major water treatment plant, deputy prime minister Fadillah Yusof said.
Water supply in Penang was shut down in January to enable work on the valve at the Sungai Dua treatment plant.
Fadillah, who is minister for energy transition and public utilities, said valve replacement and maintenance across the state need to be implemented to prevent
Malaysia needs to be ESG compliance ( Supply of Renewable Energy , Low NRW water , No Burning of forest ) , all in-process except to accerlate the replacement of waterpiple all over to reduce NRW to attract FDI from companies like Nvidia to invest in Malaysia.
Ranhill-PBA-KPS-Engtex-Yli berhad (even Puncak) are in-line to be involved in this !
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....
Icon 888
2,301 posts
Posted by Icon 888 > 2022-11-02 16:28 | Report Abuse
Crisis come. Save ur money