Posted by ocbc > 2024-05-27 10:47 | Report Abuse

Malaysia lost an estimated RM$8 billion (US$1.7 billion) in wasted water between 2018 and 2022. The perceived low cost of water combined with climate pressures is fuelling water scarcity.

Posted by S363636 > 2024-05-27 21:31 | Report Abuse

Siliconware Precision Industries Co., Ltd. (SPIL), a leading global semiconductor packaging and testing company, celebrated the groundbreaking of its Malaysia P1 plant at Bandar Cassia Technology Park in Pnenag. This state-of-the-art 8-hectare facility, representing a RM6 billion investment, is expected to create nearly 3,000 skilled jobs over the next 15 years. The plant will feature advanced packaging and testing technologies, including wafer bumping and wafer-level chip packaging, enhancing efficiency and competitiveness in the semiconductor industry.

The ceremony was graced by prominent figures, including YBhg. Dato’ Hairil Yahri Yaacob, Secretary General of MITI; Mr. Sivasuriyamoorthy Sundara Raja, Deputy CEO of MIDA; Dato’ Loo Lee Lian, CEO of InvestPenang; and Mr. Michael Chang, CEO of SPIL Malaysia. Their attendance highlighted the significance of this project to the region and the industry.

YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of MITI, warmly welcomed SPIL’s investment. He emphasized that this development affirms Malaysia’s position as a preferred destination for global semiconductor companies. He noted, “The National Semiconductor Strategic Task Force (NSSTF) and MIDA’s expertise are key to the New Industrial Master Plan 2030, aiming to increase economic complexity, forge stronger global linkages, and create high-paying jobs for Malaysians.”

Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, underscored the benefits of SPIL’s investment, stating, “This facility enhances Malaysia’s semiconductor ecosystem, creating high-value engineering jobs and accelerating the export of Malaysian products globally.” He added that this project positions Malaysia as a key player in the international semiconductor market, driving sustained economic growth.

Dato’ Loo Lee Lian highlighted Penang’s substantial contribution to the semiconductor sector, stating, “Penang is proud to host SPIL, reflecting foreign investors’ confidence in our region as a hub for advanced technologies. This facility will advance Penang up the value chain, reinforcing its reputation as the Silicon Valley of the East.”

Mr. Michael Chang, CEO of SPIL Malaysia, expressed gratitude to MIDA and InvestPenang for their support. He stated that the P1 plant will foster innovation, cultivate semiconductor talent, and enhance technological capabilities in Penang. He emphasized SPIL’s commitment to environmental sustainability, aiming for GBI Green Globes Certification and a net-zero carbon reduction goal by 2050.

As part of ASE Technology Holding, the world’s largest packaging and testing group, SPIL is expanding its global footprint with the P1 plant. This initiative introduces advanced packaging technology, strengthens the packaging and testing industry, and drives innovation and economic growth in Penang and beyond.

Posted by S363636 > 2024-05-27 21:32 | Report Abuse

More water needed soon

Posted by SpencerW > 2024-06-08 15:14 | Report Abuse

3 for 4 bonus issue?

https://theedgemalaysia.com/node/714644

Posted by EngineeringProfit > 2024-06-08 15:17 | Report Abuse

Engtex is my favourite

Posted by Berlin > 2024-06-09 12:00 | Report Abuse

The 3:4 bonus issue appears to be a meaningless corporate exercise by itself. No funds were raised, no value created. Why did the company do it then?

Posted by jaynetan > 2024-06-09 19:29 | Report Abuse

此言差矣

Posted by ocbc > 2024-06-10 10:21 | Report Abuse

implement 3:4 will enable institution investors to come in. You want more upside , invest half of your capital
to YLI berhad too (remember not contra play ) .

Posted by laulau > 2024-06-12 18:30 | Report Abuse

Looks good to me. Hint Data Centers needs lots of water for cooling data strorage facillities? YTL subsidiary SIPP Power takeover Ranhill Utilities.
Engtex can supply all the piping needs for all Data Centers in Malaysia and the World.

Even YTL Power sees the need to acquire Ranhill Utilities for water cooling needs of Data Centers?
https://www.thestar.com.my/business/business-news/2024/05/30/ytl-powers-ranhill-acquisition-a-positive

https://www.vertiv.com/en-asia/solutions/learn-about/liquid-cooling-options-for-data-centers/

Posted by laulau > 2024-06-12 18:40 | Report Abuse

YTL Subsidiary SIPP Power takeover Ranhill Utilities.
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) | https://www.klsescreener.com/v2/announcements/view/7170643

Posted by laulau > 2024-06-12 22:14 | Report Abuse

Engtex Benefits from Revival of Water Infrastructure and Water Cooling needs of Data Centers.
https://www.klsescreener.com/v2/news/view/1340101

Why Engtex?
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.
#Ranhill Utilities under YTL Power will need Engtek's large diameter MS pipes & ductile iron (DI) pipes for its upstream water supply projects & ductile iron (DI) pipes widely used in water distribution to give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs.
#Year to date, Engtex has secured new contract wins of RM151 million from the Sungai Rasau Treatment plant's main contractors i.e. Gamuda Bhd (for Package 1) and Taliworks Corporation Bhd (for Package 2 and 3).
https://www.nst.com.my/business/2022/11/848187/revival-water-infrastructure-projects-boon-engtex

#YTL Power acquiring control of Ranhill Utilities.
It noted that Ranhill Utilities would give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs. Additionally, it said the synergistic expertise in water operations could drive further efficiency of Ranhill Utilities’ Johor water business.
https://themalaysianreserve.com/2024/06/04/ytl-power-acquiring-control-of-ranhill-utilities/

Posted by Bettyem > 2024-06-13 07:19 | Report Abuse

勇达集团 更换水管业务看涨!
https://www.enanyang.my/node/608304#google_vignette

Posted by laulau > 2024-06-13 07:55 | Report Abuse

Yes! The worst is over as Engtek has completed disposal of Treasury shares yesterday.
Recommendation.
Accumulate on any weakness. I like Icon 888's TP, first TP already achieved next should be within the range of 1.30~1.50?

Icon 888

1st target- rm1.20
2nd target- rm1.30
Final target- rm1.50
Heng ong Huat

Posted by laulau > 2024-06-13 08:19 | Report Abuse

I also like Kenanga's Buy Call with TP of 1.41. At current price there is a 34 sen upside with proposed 3 for 4 Bonus Issue?

Engtex Group - Proposed 3-for-4 Bonus Issue
Source : KENANGA, Price Call : BUY, Price Target : 1.41
Last Price : 1.07, Upside/Downside : +0.34(31.78%)

Posted by WhiteMagic > 2024-06-13 12:53 | Report Abuse

In the meantime they will pump & dump.

Posted by laulau > 2024-06-13 14:11 | Report Abuse

Jun 12
Engtek is now 23% undervalued as currently trading at only RM1.07.
#The fair value is estimated to be RM1.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
#Revenue has grown by 11% over the last 3 years with profit for 5 consecutive Qtrs with latest Qtr. 1 earning 9.4 million.
#Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 237% in the next 2 years.

Many Sharks who shorted Engtek to flush out weak holders & day traders, wants to buyback your shares cheap! Accumulate Engtek on any weakness as:

Forecast Annual Revenue Growth
Data for Engtex are as follow:

#Earnings vs Savings Rate: ENGTEX's forecast earnings growth (38.7% per year) is above the savings rate (3.6%).
#Earnings vs Market: ENGTEX's earnings (38.7% per year) are forecast to grow faster than the MY market (12.3% per year).
#High Growth Earnings: ENGTEX's earnings are expected to grow significantly over the next 3 years.
#Revenue vs Market: ENGTEX's revenue (6.6% per year) is forecast to grow faster than the MY market (6.1% per year)

Posted by laulau > 2024-06-15 20:29 | Report Abuse

Good news for Engtex with RM4 Billion allocation by Government for water distribution from Sungei Perak to Penang!

Why Engtex?
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.
https://www.nst.com.my/news/nation/2024/06/1063914/pm-govt-approve-funding-water-distribution-project-bukit-merah-dam

Posted by laulau > 2024-06-18 03:44 | Report Abuse

More pipes are needed for Perak to Penang Water Transfer Project!
https://www.malaymail.com/news/malaysia/2024/05/30/perak-water-project-penang-ready-with-reservoir-sites-pipes-says-state-infrastructure-chairman/137220

Posted by laulau > 2024-06-19 13:28 | Report Abuse

Companies in building material sector deliver improved earnings
Wednesday, 19 Jun 2024

Kenanga Research said stocks under its coverage had either beat or met forecasts.

PETALING JAYA: Companies operating in the building material sector reported a significant improvement in earnings in the recently concluded first quarter 2024 (1Q24) reporting season, according to Kenanga Research.

The research house pointed out that stocks under its coverage had either beat or met forecasts.

“Engtex Group Bhd and United U-Li Corp Bhd met our expectations as they shook off margin suppression from high-cost inventories.”

"Meanwhile, it said water pipe makers are poised for exciting times ahead on the revival of water projects."
https://www.thestar.com.my/business/business-news/2024/06/19/companies-in-building-material-sector-deliver-improved-earningsl

Posted by laulau > 2024-06-21 15:50 | Report Abuse

Engtex is Bullish today!
Accumulate on weakness! And let's wait for the next Water & DC Play, once Ranhill Utilities announce more water pipes supply contracts with Engtex for Singapore-Johor Economic Zone & DC Hubs? Association with YTL Power & Ranhill is always a good thing? Also don't forget the RM4 billion allocation by Government for Perak to Penang Water Transfer Project. You need Pipes! Pipes for water distribution and Engtek can supply all as:
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.

Posted by laulau > 2024-06-21 16:22 | Report Abuse

Good news! Buy 4 get 3 Bonus Shares!
Bursa Approves Engtex's Bonus Issue!
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES | https://www.klsescreener.com/v2/announcements/view/7197035

Posted by TheContrarian > 2024-06-21 21:17 | Report Abuse

Bought Engtex-WB at 41.5 sen.

Posted by Richdady > 2024-06-22 10:30 | Report Abuse

Warrant soon rm 1

Posted by TheContrarian > 2024-06-22 18:13 | Report Abuse

Buy 4 warrants also will get 3 bonus warrants and warrant exercise price will be revised downwards.

Posted by OSWALD > 2024-06-27 01:12 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3458842

Posted by jaynetan > 2024-06-29 13:39 | Report Abuse

1.20
果真达到～笑着回家

Posted by ocbc > 2024-07-01 13:12 | Report Abuse

slow n steady.

Posted by TheContrarian > 2024-07-01 17:55 | Report Abuse

Bought at 1.07 today.

Posted by TheContrarian > 2024-07-11 10:46 | Report Abuse

Engtex trending up nicely.

Posted by NgWS90 > 2024-07-15 11:06 | Report Abuse

It has low NOSH. Easy to goreng up 😀

Posted by stncws > 2024-07-17 11:11 | Report Abuse

foreign fund is sucking your money

Posted by stncws > 2024-07-17 11:11 | Report Abuse

foreign fund is sucking your money

Posted by TheContrarian > 2024-07-22 12:50 | Report Abuse

Added more Engtex-WB at 41 sen.

Posted by DividendGuy67 > 2024-07-24 04:38 | Report Abuse

ENGTEX closed 1.15, but the WB warrant closed 0.445, basically trading at a discount to Intrinsic Value (WB strike 70 sen, expiry 2 years away).

In general, warrants should be avoided, but highly experienced trader may accept increase in risk for higher returns via leverage via deep ITM warrants with long expiry dates (to keep Theta decay to minimum).

However, at 0.445 close, its negative Theta which is not normal, so, WB Market Maker may have a reason for this. Typically, there's 3 reasons:

1. WB market maker, due to low volume, is trying to garner interest in the WB warrant by sometimes creates temporary mispricing situations. More experienced traders come in to take advantage and then interest is generated. E.g. my writing about this discount here.

2. Market maker thinks in the short term, ENGTEX is overbought and likely to consolidate and fall to support - e.g. price falling back to RM1.

3. WB Market maker is wrong creating mispricing.

The thing about WB warrants is that for you to win, the other side must lose. If the volume is light, it means it's between you and the Market Maker. If volume is heavy, then, you have more junior traders coming in and it's possible for highly experienced trader AND the market maker to make monies off the ignorants. Remember, warrants are derivatives with zero-sum. It means for you to win, someone else must lose.

I'm willing to bet that in the long run, the Market maker will not lose - else, he goes out of business.

Posted by DividendGuy67 > 2024-07-24 04:43 | Report Abuse

The Intrinsic Value of WB if price temporarily falls back to RM1 is 30 sen. If RM1 is support, likely the premium will re-appear i.e. the WB warrant traded higher than 30 sen. Still price fall from 41 down to 30 sen is nearly 25% loss. This is not a small loss, unless you trade so small, i.e it makes no difference whether you win or small, but the point is this is not a compounding machine. If you keep playing, trying to "compound", then, one day, eventually, Market maker wins and takes away all of your past gains. The longer you play, the more warrant trades you make, Market maker is betting that you will try to "compound" i.e. eventually, he will take away all of your past gains. Because you cannot always win forever.

Posted by DividendGuy67 > 2024-07-24 04:45 | Report Abuse

In other words, the Market Maker is "fishing". Sometimes, he lets you see a discount to reel you in. Sometimes he let you wins to encourage you to keep trading and keep playing warrants. The moment volume goes up, he knows who is greedy and who isn't. And that's when the killing is made. If you can't detect this over many trades, it means you are the sucker. Don't fall for this - just avoid playing warrants for long term, unless you are experienced and sense a compelling trade, but don't make a habit of playing it.

Posted by DividendGuy67 > 2024-07-24 04:56 | Report Abuse

PS. Market makers for derivatives, due to zero sum game nature, are amongst the smartest out there. The things they do always pushes boundaries of what's legal and what isn't. It's a question of reward to risk. Let's see the reaction to this statement. 😉

Posted by DividendGuy67 > 2024-07-24 05:13 | Report Abuse

For the record, you must be a good trader to win with WB. You need to buy at very good times and sell at good times. And you cannot be inaccurate, because small inaccuracies can mean a difference between profit or loss. And this accuracy is hard work.

Personally, I avoid because it's a 3 foot hurdle for me - it means I really have to make a serious attempt and at this juncture in my life, I no longer look for 3 foot hurdles but low 1 feet hurdle where I can just walk over it and win.

So, I always trade the mother stocks now and so far this buy and sell stock works extremely well for me. It helps I have a sizeable account, so, I don't need the leverage and it helps it's not a zero sum game in stocks. Last year, I made over a dozen trades (buy, sell, closed) and it's 100% win rate. Open positions around 85% win rate on paper (and the losses small). To me, these are 1 foot hurdle. The certainty of winning is what attracts me. I want to know that before I enter the trade, that I have. very high odds to come out winning. And so, I avoid warrants trading. Just sharing.

For example, one of my worst trades is MAGNUM - I published it in my blog. I chased at 1.16. After I chased, price went up and then fell and I sit on unrealized loss for some time. But because it is mother stock, there is no warrant theta decay. And eventually, market runs up, and now, it's a profit. And I took some partial profit at 1.29. Likely this will be another win. If you trade sound fundamental stocks with good fundamentals, even if your timing is inaccurate, you have very good odds of winning. And wins is what attracts me when trying to compound.

Posted by jaynetan > 2024-07-24 07:31 | Report Abuse

My trades return 90 % derived from Warrants.
Need to understand
What are warrants
How they functions
The intrinsic value n the underlying shares

Posted by TheContrarian > 2024-07-24 09:59 | Report Abuse

It's so strange some people are upset because I bought Engtex-WB at 41 sen.

Posted by laulau > 2024-07-24 13:04 | Report Abuse

For those who wants to talk about warrants. Here the correct place to post. Thks
https://klse.i3investor.com/web/stock/overview/5056wb

Posted by NgWS90 > 2024-07-25 08:33 | Report Abuse

R1: RM1.21
R2: RM1.28

Posted by DividendGuy67 > 2024-07-26 00:07 | Report Abuse

Hi TheContrarian, don't take it too personal, others bought WB. I'm confident you'll come out ahead, but not sure about others.

Posted by DividendGuy67 > 2024-07-26 00:08 | Report Abuse

Hi jaynetan, I did make warrant gains like 5000% before. 90% is small. But I wish you all the best long term. It's more than Intrinsic value, make sure you understand Theta decay too.

Posted by jaynetan > 2024-07-29 10:36 | Report Abuse

i meant 90% of my trading gain derived from warrants

Posted by TheContrarian > 2024-07-30 10:42 | Report Abuse

Sold at 1.21.

Posted by fruitcake > 2024-07-30 11:14 | Report Abuse

one day show. chase in the morning, die in the afternoon😂😂

Posted by jaynetan > 2024-07-30 12:03 | Report Abuse

then why chase

Posted by fruitcake > 2024-07-30 16:11 | Report Abuse

not me... A note of caution to others😁

Posted by TheContrarian > 2024-07-30 19:35 | Report Abuse

It's going to be a one week show.