Posted by Val-Elta > 2013-10-22 10:39 | Report Abuse

Not comfortable to jump back in after such hike d... aih, choices choices.

Posted by rchi > 2013-10-22 10:57 | Report Abuse

Show them what you got,Engtex.

Posted by stockcrazy > 2013-10-22 11:12 | Report Abuse

congra to who holding this counter.... my first target 1.59 has been passed, now moving forward to next target 1.68....

Posted by rchi > 2013-10-22 11:38 | Report Abuse

Puncak hovering at its recent high,wait for finalisation of Selangor water deal and Langat 2 soon,that will be the catalyst needed to propel it higher.

Posted by hybrid2013 > 2013-10-22 11:53 | Report Abuse

yes, now waiting for buy back

Posted by sasopi87 > 2013-10-22 19:46 | Report Abuse

cheer.............more upside coming..!!!!

Posted by Icon8888 > 2013-10-22 20:10 | Report Abuse

Warrants target price 70 sen to 80 sen

Posted by Icon8888 > 2013-10-23 09:29 | Report Abuse

Engtex Group - Robust Pipeline Of Orders
Author: kiasutrader | Publish date: Wed, 23 Oct 09:23



--------------------------------------------------------------------------------

We believe Engtex Group (ENGT) may be a major beneficiary of water pipe replacement projects in the country, as it still has sufficient production capacity to cater to rising demand. Our sensitivity analysis shows that a 10% increase in its utilisation rate could boost FY13F/14F bottomline by 13.0/12.4% respectively. We value ENGT at MYR2.00.

- Water pipe replacement projects. We think that ENGT, a leading onestop pipeline systems provider in Malaysia, could be a major beneficiary of water pipe replacement projects in the country (as highlighted under the macro overview in our sector report New Opportunities Beckon). The company mainly caters to the water & sewerage, infrastructure and construction sectors and is one of the few players in the country with the ability to manufacture large diameter pipes.

- Sensitivity analysis. As its ductile iron (DI), mild steel (MS) pipes and wire mesh manufacturing lines are running at about 33%, 50% and 73% capacities respectively, we believe it has the ability to ramp up production should the demand for its products increase. Based on our sensitivity analysis, a 10% increase in its utilisation rate could boost FY13F/14F earnings by 13.0% and 12.4% respectively.

- Risks. The water pipe replacement projects may take longer than expected to roll out and earnings could be affected by fluctuating steel prices. Hence, we believe the demand growth may not be enough to offset higher costs of production, should raw material prices rally strongly.

- Valuation. ENGT’s share price has rallied strongly of late and at MYR1.59, the stock is now trading at 10.3x its historical P/E. Our model assumes a conservative 5% growth per annum in its utilisation rate for FY13F and FY14F, in tandem with the steady growth in demand for its roducts, keeping in mind that any potential major contracts wins would significantly boost its earnings. With a MYR2.00 FV, we value ENGT at a 9.5x FY14F P/E, which is +1.5 SD of its 5-year historical trading band, on the back of its strong growth potentia

Posted by stars > 2013-10-23 09:30 | Report Abuse

cimb wrote report, saying could be worth RM2.55

Posted by Icon8888 > 2013-10-23 09:43 | Report Abuse

hmmm how nice if i can get a copy of the report....

Posted by iafx > 2013-10-23 09:45 | Report Abuse

http://www.theedgemalaysia.com/business-news/259588-engtex-shares-could-be-worth-rm255-says-cimb-research.html

Posted by Icon8888 > 2013-10-23 09:47 | Report Abuse

thansk iafx

Posted by iafx > 2013-10-23 09:51 | Report Abuse

fyi: http://www.theedgemalaysia.com/business-news/259477-puncak-gets-rm151m-govt-loan.html

Posted by mysterious99 > 2013-10-23 10:40 | Report Abuse

Thematic: Water Pipes - New Opportunities Beckon


We have identified two companies that may potentially benefit from the growing demand for water pipes in Malaysia - Engtex Group (ENGT) and Hiap Teck Venture (HTVB). These leading Malaysian pipe makers will be able to beef up their utilisation rates to meet the expected increase in demand for their products. Our FV for ENGT is MYR2.00 (NR) while we upgrade HTVB to BUY, with a MYR0.97 FV.

Posted by klow > 2013-10-23 16:54 | Report Abuse

wow.... why suddenly back to 1.60

Posted by rchi > 2013-10-23 20:03 | Report Abuse

12/9/13 Kenanga TP is 1.59;16/10/13 Affin TP is 2.04;23/10/13 Cimb TP is 2.55;things are surely looking up,hold for 3 months till Selangor water deal is thru',this stock should reward investors and the warrant looks really attractive now.

Posted by rchi > 2013-10-24 09:15 | Report Abuse

go go go......

Posted by rchi > 2013-10-24 16:46 | Report Abuse

what a beautiful close for the warrant....tomorrow will see higher prices.

Posted by Azli > 2013-10-24 17:30 | Report Abuse

Surely hope so...

Posted by lloydlim > 2013-10-25 14:16 | Report Abuse

Beware of T3, guys.

Posted by rchi > 2013-10-25 16:18 | Report Abuse

something is brewing.......

Posted by rchi > 2013-10-25 16:57 | Report Abuse

for the week Engtex closed up 21 sen @1.67 which is the highest point for this week,the warrant is up 16.5 sen.Early part of next week will see further rise followed by a breather later in the week.

Posted by rchi > 2013-10-25 20:30 | Report Abuse

the warrant is a cheap and yet quality proxy to Selangor water deal...still not many realising it,hehe.

Posted by midtermtrader > 2013-10-25 20:33 | Report Abuse

Shoot up so fierce. huhu.... I'm too late, won't dare to catch.

Posted by lloydlim > 2013-10-26 11:06 | Report Abuse

Hopefully small correction happening soon for T4, shall dare to buy after correction.

Posted by Icon8888 > 2013-10-28 09:45 | Report Abuse

engtex-wa 70 sen !!!!!

Posted by rchi > 2013-10-28 10:13 | Report Abuse

Fly baby fly...

Posted by Icon8888 > 2013-10-28 10:20 | Report Abuse

i think it is not impoossible that it will reach RM1.00. when puncak niaga deal crystalized, every body will go crazy about water stocks. that would be a good time to sell

Posted by rchi > 2013-10-28 10:27 | Report Abuse

Icon8888....i m thinking of 2.5 for mother and 1.5 for son....cheers.

Posted by stockcrazy > 2013-10-28 10:29 | Report Abuse

my second target met... i will move to Instaco.... happy invest...

Posted by Peter Lee > 2013-10-28 10:46 | Report Abuse

rsi 88

Posted by Icon8888 > 2013-10-28 11:06 | Report Abuse

178 now

Posted by rchi > 2013-10-28 11:38 | Report Abuse

taking some profit,buy back later....

Posted by YiStock > 2013-10-28 14:42 | Report Abuse

Have been holding warrant from august since 38 cents...let go now.. to concentrate cuscapi and tgoffs....happy investing!

Posted by Icon8888 > 2013-10-28 16:11 | Report Abuse

since everybody sell, I also sold mine !!! bought two years ago at 25 sen, sold just now at 71 sen. 180% return in two years

Posted by sasopi87 > 2013-10-28 20:54 | Report Abuse

more upside coming.........!!!

Posted by rchi > 2013-10-29 11:26 | Report Abuse

Solid as a rock.

Posted by rchi > 2013-10-29 11:28 | Report Abuse

Buying back warrant.

Posted by Icon8888 > 2013-10-29 13:55 | Report Abuse

Buying back also. Can't stand the hollow feelng without engtex wa

Posted by rchi > 2013-10-29 16:02 | Report Abuse

Selangor water stocks Puncak and KPS moving...

Posted by Icon8888 > 2013-10-29 16:36 | Report Abuse

rchi we are in the same boat ! : )

Posted by rchi > 2013-10-29 16:52 | Report Abuse

ok Icon8888,water means $$$$....lol

Posted by Icon8888 > 2013-10-29 19:28 | Report Abuse

Ha ha good good good

Posted by Icon8888 > 2013-10-30 10:26 | Report Abuse

Recovering. Turning green

Posted by rchi > 2013-10-30 10:29 | Report Abuse

woohoo warrant flying....

Posted by ooi1955 > 2013-10-30 10:43 | Report Abuse

Congrats,rchi. I'm still in Inari WA.

Posted by rchi > 2013-10-30 10:47 | Report Abuse

ooi,get some engtex-wa..more potential than inari-wa at current price.

Posted by rchi > 2013-10-30 10:51 | Report Abuse

Engtex's little sister Hiaptek slowly creeping up too....good.

Posted by rchi > 2013-10-30 10:53 | Report Abuse

the warrant has broken its all time high.....only way is UP.

Posted by ooi1955 > 2013-10-30 10:54 | Report Abuse

rchi : OK... sold Inari WA ... on q engtex WA at 0.735.TQ.