Posted by Icon8888 > 2013-10-01 13:33 | Report Abuse

Expiry 2017. Conversion 1.25

Posted by stockcrazy > 2013-10-01 15:06 | Report Abuse

SJSOON, 2.30 is too far from here... i believe 1.90 is reasonable to reach by end of this year...

Posted by Mike Owen > 2013-10-01 15:14 | Report Abuse

Thanks icon8888

Posted by KahYong Tan > 2013-10-02 09:57 | Report Abuse

geng..up up up~~~

Posted by BBB79 > 2013-10-02 09:59 | Report Abuse

yeah, really rally, but bear in mind, US shutdown yesterday, be careful...

Posted by Red Horse > 2013-10-02 10:02 | Report Abuse

TA's fair price is RM2.03, not RM2.30, as reported in biz.sinchew.com.my

Posted by Icon8888 > 2013-10-02 10:11 | Report Abuse

please go up more.... pleaseeeeeeee.....................

Posted by stockcrazy > 2013-10-02 10:34 | Report Abuse

second target 1.59 not far from here....

Posted by stockcrazy > 2013-10-02 16:08 | Report Abuse

taking profit now..... cash is the "King"...

Posted by eltaria > 2013-10-02 16:27 | Report Abuse

I've exited also, ard 47.5, some at 48. Will buy back ard 44.

Posted by stockcrazy > 2013-10-02 16:30 | Report Abuse

think about 0.43....
for mother share maybe can buy in at 1.38 or 1.26, if the market environment are not good....

Posted by eltaria > 2013-10-02 16:33 | Report Abuse

anyway, where it goes next, nobody knows, maybe it'll go up and i regret why i cancel half my q.. but, seems seller heavy though...

Posted by Moo-Elt > 2013-10-02 16:38 | Report Abuse

*Edit, 46.5 not 46* actually besides sharing the good part, here's the not so good part, half my q at 46.5 were matched before i can cancel the remainder..

Posted by Moo-Elt > 2013-10-02 16:38 | Report Abuse

Puncak's dropping steeply too, seems all water play big sharks is taking profit.

Posted by stockcrazy > 2013-10-02 16:41 | Report Abuse

cooling now and waiting after UMNO meeting...

Posted by stockcrazy > 2013-10-02 16:43 | Report Abuse

Moo-Elt, did you trace SCABLE? the graph is similar to ENGTEX's graph...

Posted by Val-Elta > 2013-10-02 16:53 | Report Abuse

scable, interesting chart... i'll have a look.. hehe playing ard with my nick for a while. their P/E good? normally i only buy the ones with good P/E.. im usually a fundamental guy, with 3-6 months time frame per investment.

Posted by Val-Elta > 2013-10-02 16:57 | Report Abuse

just had a quick look, NAPS ~0.98, EPS 2.12 cents last year. Mmmm.... normally based on this two, i'll skip the share d. Compared with Engtex, with clearly superior EPS, and NAPS. Eventhough the technical chart seems good, and the director did buy shares at 1.49-1.53?

Posted by Val-Elta > 2013-10-02 16:59 | Report Abuse

stockcrazy, mind to share abt scable that interest you?

Posted by Val-Elta > 2013-10-02 17:04 | Report Abuse

Woops, my bad, EPS ~ 4.33 cents for 2012. previously they had a good year with 11 cents EPS at 2011.

Posted by stockcrazy > 2013-10-02 17:13 | Report Abuse

i play base on graph trend supported by EPS. time frame is within few months. for long term i will consider its dividend...

Posted by stockcrazy > 2013-10-02 17:14 | Report Abuse

i will only buying in SCABLE after the price stand above 1.86....

Posted by Val-Elta > 2013-10-02 17:15 | Report Abuse

Don't want to post in the scable tread, later spoil their party, as plenty ppl excited abt it there... scable trade receivables abt 80mil, their 3months sales is 47mil, means bad collection as their AR is close to 6 months old. Only good thing abt it is the news that they have ~650mil of sales coming in soon... in terms of cash balance vs debt.. not too good too. will they need to borrow to get materials for this 650mil of sales?

Posted by BBB79 > 2013-10-02 17:16 | Report Abuse

drop back, hope the US settle fast then can skyhigh...

Posted by stockcrazy > 2013-10-02 17:21 | Report Abuse

for Scable, just play with graph trend, but for Engtex-> play by graph trend and EPS... hopefully it may pay more dividend in the future.....

Posted by SJSOON > 2013-10-03 09:57 | Report Abuse

Inverted hammer, time to realize profit.

Posted by JimYeoh > 2013-10-03 14:39 | Report Abuse

profit taking on the ways

Posted by stockcrazy > 2013-10-03 20:46 | Report Abuse

after calculation base on technical graph, the current support points is 1.38 ~ 1.40.....
however the next target price for ENGTEX are 1.59, 1.68 and then 1.90...

Posted by Val-Elta > 2013-10-08 11:36 | Report Abuse

seems to have bottomed? good support

Posted by Val-Elta > 2013-10-08 11:50 | Report Abuse

Water play is back, http://klse.i3investor.com/servlets/ptres/18756.jsp kenanga upgraded water stocks

Posted by stockcrazy > 2013-10-10 06:50 | Report Abuse

be ready to re-test 1.44...

Posted by Val-Elta > 2013-10-10 15:03 | Report Abuse

Everyone else is rolling, when eng tex turn? Puncak, JAKS... :D

Posted by Icon8888 > 2013-10-16 10:33 | Report Abuse

Published: Wednesday October 16, 2013 MYT 10:07:00 AM
Updated: Wednesday October 16, 2013 MYT 10:11:00 AM

Affin Investment Research is bullish on Engtex


KUALA LUMPUR: Affin Investment Research is bullish on pipe manufacturer Engtex Group Bhd, which it reckons stands to gain from the ongoing water restructuring story in Selangor.


The research house said the indicative fair value of the stock was RM2.04, and that at its last closing price of RM1.40, Engtex was trading at an undemanding 5.7 times FY14 price earnings ratio.


According to the research house, potential pipe demand in the country is estimated at 100,00km, with Peninsular Malaysia alone having 45,000km of pipeline requiring replacement in the near term.


“Engtex, a leading one-stop pipeline system provider in Malaysia, is one of the few players in the country with the ability to manufacture large diameter pipes. It is the far larger player in the ‘duopolistic’ ductile iron (DI) pipe sector in the country, which can produce up to 800mm diameter DI pipe," it pointed out.


The research house said given the duopolistic nature of the industry, as well as Engtex’s current capacity availability, the company is one the obvious beneficiaries to capitalise on the imminent restructuring of the water services industry in Selangor, as well as the potential massive demand from the long overdue and much needed pipe replacement capex cycle in Malaysia.


“In addition, we understand that Engtex is one of the frontrunners to supply MS pipes (size ranging between 2200mm-2600mm) for the Langat 2 treatment plant,” Affin said.


It added that even without the coming demand spike, Engtex had registered impressive double digit annual revenue growth with a three-year compound annual growth rate (CAGR) of 15%.


It said the company’s 1H13 earning per share (EPS) was at 15 sen, and believes Engtex could deliver a FY12-15 EPS CAGR of 11% to 21.4 sen.


Affin said the Government had allocated RM1.1bil in funds under the 10th Malaysia Plan (2011-2015) to stem losses from non-revenue water (NRW, leakages and burst pipes). In 2010, the country’s water industry is estimated to have lost RM1.7bil to NRW, with Selangor alone losing nearly RM600mil.


“In Selangor, various news flow indicates that negotiations between the Selangor State Government and the Federal Government on the restructuring of the water services industry will likely reach a conclusion by end-2013. In our opinion, a decision will likely be made soon,” it opined.

Posted by jinv9 > 2013-10-17 09:58 | Report Abuse

Thank you for sharing Icon8888. Engtex now at 1.45 +5.

Posted by stockcrazy > 2013-10-17 12:59 | Report Abuse

seem like son is running faster than mother.....

Posted by Val-Elta > 2013-10-17 13:47 | Report Abuse

running too fast, exited at 465, not too sure wanna go back in or not :/ the rest of the water stocks seems pretty quiet though

Posted by Val-Elta > 2013-10-17 13:52 | Report Abuse

Not a good sell :(

Posted by Val-Elta > 2013-10-17 13:59 | Report Abuse

Is there a PM function here? StockCrazy, anything on your to watch list right now?

Posted by stockcrazy > 2013-10-17 14:28 | Report Abuse

i just starting to review the plantation stock....
i am still holding Engtex,my target is 1.59 to 1.68. i am not confident on Dow Index.... Do you think DOW index can exceed 15700 points

Posted by Val-Elta > 2013-10-17 15:11 | Report Abuse

US stocks, not too positive on them, seems like their P/E ratio for most of the S&P/Dow is too high? Future earnings already priced in... long term, I dont fancy US economics much.. too much borrowings already. Msia's heading the same way too. Short term, QE will provide fast n easy money to keep push the stocks though...

Posted by Icon8888 > 2013-10-17 15:37 | Report Abuse

Year end coming. Usually market will so well from November to feb

Posted by sasopi87 > 2013-10-17 20:09 | Report Abuse

Target price RM2.04

Posted by 8u29song > 2013-10-17 20:16 | Report Abuse

sure kah ???

i keep plenty leh !

Posted by Icon8888 > 2013-10-17 22:14 | Report Abuse

You didn't read my posting yesterday about affin report on engtex? 2.04 leh

Posted by HC Lee > 2013-10-18 13:58 | Report Abuse

At this level still cheap. Once the Langat 2 pipes projects is secured it will fly. It can only get stronger from now on as Pak Haji will not disturb as it has sold off all his holdings.

Posted by Val-Elta > 2013-10-18 15:08 | Report Abuse

Got caught out already, see if i can get back in ard 46 or 45... Anyone want to share what's ur typical gain% that you aim for? For me, can say my avg price abt 35 cents for the WA. exited ard 46.5 yesterday, was hoping to get it back lower.. seems like i'm off that boat d now. I used to be a 10% guy.. haha always selling at 10% now starting to stretch and hold it for above 20% gains at least b4 sell.. but come to think of it, engtex is worth to hold longer term for longer gains geh i think.. mmmm.

Posted by ProfitMan > 2013-10-18 17:47 | Report Abuse

Val-Elta, depends on counter, momentum and your own risk appetite. Some people target 30% gain or 10% in your case and don't look back even if the counter flies. I usually sell when the price reverse 3% to 5% from its peak but need to monitor the charts closely. Also, sometimes the peak may not be the real peak. It could climb higher after consolidation but it doesn't matter because we can always re-enter the counter when the signals arise.

There is no right or wrong way to sell. Most importantly, we must make money and feel happy about the gains. Better to make 10% than to lose 10%.

Posted by hw0706 > 2013-10-18 20:51 | Report Abuse

Indicative fair value of RM2.04; 46% potential upside
Assuming a 25% EPS growth in FY13 to 19.4 sen – which is realistic given that
1H13 EPS of 15 sen already accounts for 79% of the estimate and further
assuming 5-10% thereafter, we believe Engtex could deliver a FY12-15 EPS
CAGR of 11% to 21.4 sen.. Ascribing a 10x FY14 PER (which is consistent with
our target PER for Choo Bee), we derive an indicative fair value of RM2.04,
which translates into a potential capital upside of 46%. At current price level,
Engtex is trading at an undemanding 5.7x FY14 PER

Posted by Icon8888 > 2013-10-22 09:14 | Report Abuse

up up up !!!

Posted by Val-Elta > 2013-10-22 10:36 | Report Abuse

good TP for all of you still holding!~ i shld learn to have more holding power.. hehehe! :(