Posted by rchi > 2013-10-30 10:55 | Report Abuse

ooi don q get the seller.

Posted by ooi1955 > 2013-10-30 11:00 | Report Abuse

OMG... it move so much faster than my fingers... finally got it at 0.750.... Ha! Ha! Ha!

Posted by rchi > 2013-10-30 11:01 | Report Abuse

minimum tp for this warrant is 1.00.i m looking at 1.5.

Posted by rchi > 2013-10-30 11:03 | Report Abuse

The theme play for Nov will be Selangor water deal.

Posted by ooi1955 > 2013-10-30 11:04 | Report Abuse

Thanks, rchi. I realise all the counters u play are strong in FA so I'm not worried......

Posted by rchi > 2013-10-30 11:11 | Report Abuse

ooi,u r slowly getting to know me,haha.Yes,FA to set the foundation first then TA to capture the explosive move (the home run) so as to make the most in the shortest time.

Posted by ooi1955 > 2013-10-30 11:15 | Report Abuse

Ya, thanks for allowing me to tag along, rchi.

Posted by rchi > 2013-10-30 11:20 | Report Abuse

You r welcome,it feels good to share the joy of a good trade.

Posted by rchi > 2013-10-30 11:26 | Report Abuse

Coming into Nov,there will be 2 catalysts for Engtex.There is the Selangor water deal and the Quarterly result end of Nov.and by the looks of the first 2 quarters,the coming result will be more than satisfactory.

Posted by Jack_y13 > 2013-10-30 12:45 | Report Abuse

rchi, what is Engtex-wa exercise price & expired date?

Posted by rchi > 2013-10-30 13:05 | Report Abuse

ex pr 1.25 expire 25/10/17.

Posted by Icon8888 > 2013-10-30 13:47 | Report Abuse

rchi i follow you : also up my target price for engtex wa to RM1.00. Muahahahahaha merry xmas everybody !!!! (santas claus is coming to town)

Posted by rchi > 2013-10-30 15:43 | Report Abuse

nice...a good stock rises slowly and steadily without much fanfare and few noticing it.Icon8888 we may see 1.00 sooner than we think.

Posted by ooi1955 > 2013-10-30 15:46 | Report Abuse

rchi... for me...0.90 also very happy already.

Posted by rchi > 2013-10-30 15:49 | Report Abuse

ooi,this one very strong fundamentally and has many current developments going for it,so we aim high.

Posted by rchi > 2013-10-30 15:53 | Report Abuse

might even see 0.8 for warrant at today's close.

Posted by ooi1955 > 2013-10-30 15:54 | Report Abuse

OK, I'll follow you. Pls let me know when u exit.....
TQ, rchi.

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

woohoo the mother lai liao.

Posted by rchi > 2013-10-30 16:05 | Report Abuse

come on,another 2 sen to break high.

Posted by rchi > 2013-10-30 16:07 | Report Abuse

the show usually comes at the close.

Posted by Icon8888 > 2013-10-30 16:29 | Report Abuse

rchi, past two quarters, Engtex reported EPS of 7 sen per quarter. If they report another 7 sen this quarter, I think the stock will cross decisively RM2.00. What is your view on this ?

Posted by rchi > 2013-10-30 16:40 | Report Abuse

Icon,yes...possible annual eps of 30 sen,and with Selangor water issue settled and the replacements of old pipes throughout the state and nationwide....i m laughing quietly thinking of the effect on future eps.That's why my ultimate target for mother is 2.50

Posted by Jack_y13 > 2013-10-30 16:46 | Report Abuse

Rchi, you are right. Mother share is more worth it.

Posted by rchi > 2013-10-30 16:46 | Report Abuse

tomorrow the mother will attempt to break the recent high of 1.78 and we shall see the anak fly.....

Posted by rchi > 2013-10-30 16:48 | Report Abuse

also good to see Engtex's little sister Hiaptek close at the high of the day.

Posted by rayhvs > 2013-10-30 17:15 | Report Abuse

rchi, is it still worth to buy wa as its ex price is 1.25 + its current price is 0.76 (2.01), which is more than its mother share, 1.74. should i go for its mother share?

Posted by limsk25 > 2013-10-30 17:47 | Report Abuse

rayhvs... careful with the conversion, don't forget there is a time value premium to the conversion as the warrants don't expire so soon...

Posted by Icon8888 > 2013-10-30 18:02 | Report Abuse

Ya cross our fingers it touches 250. The warrants will be RM130 by then. Steam....

Posted by rchi > 2013-10-30 18:03 | Report Abuse

rayhvs..if u want to play safe u can buy mother,as limsk25 said,there is a premium attached to the warrant so it is not deemed over valued.Furthermore the % gain from buying warrant is more than twice the mother.So the choice is yours.

Posted by rchi > 2013-10-30 18:05 | Report Abuse

at the current price,1 mother = 2.3 warrant.

Posted by rayhvs > 2013-10-31 08:52 | Report Abuse

thank guys for your comment =) Happy investing with you all

Posted by rchi > 2013-10-31 10:39 | Report Abuse

lai liao!

Posted by tigerroar > 2013-10-31 10:47 | Report Abuse

lai liao for Engtex or Hiaptex?

Posted by rchi > 2013-10-31 11:11 | Report Abuse

Engtex followed by Hiaptek...pipes are going to be great business.

Posted by pfl1119 > 2013-11-04 08:48 | Report Abuse

Engtex and Hiaptek will go hand in hand, moving up

Posted by PJTrader > 2013-11-06 15:28 |

Post removed.Why?

Posted by lloydlim > 2013-11-07 00:39 | Report Abuse

Solid quarterly result will be out soon. Time to accumulate now b4 it breaks another new high!

Posted by Icon8888 > 2013-11-07 06:37 | Report Abuse

Will the result be solid ? Or you are just guessing ? Thanks

Posted by ooi1955 > 2013-11-07 11:20 | Report Abuse

Rchi... should I buy Engtex WA now again?

Posted by rchi > 2013-11-07 12:55 | Report Abuse

Ooi,no, never average down,don know will stay down for how long.Only when stock start to move up again then average.

Posted by rchi > 2013-11-07 13:01 | Report Abuse

seems that Selangor water deal got problems again,nothing unusual.....bad news followed by good followed by bad....on and on.

Posted by ooi1955 > 2013-11-07 13:19 | Report Abuse

Rchi: OK, noted.. TQ :)

Posted by lloydlim > 2013-11-07 13:48 | Report Abuse

Icon8888, I expect Engtex shall done well for this quarter so must be a very solid quarterly result. No worries!

Posted by agnes1432 > 2013-11-07 15:49 | Report Abuse

no worry. solid company. nvr delay supplier's payment.

Posted by lloydlim > 2013-11-07 17:03 | Report Abuse

All selling pressure r well absorbed, sign to move higher next week.

Posted by hw0706 > 2013-11-07 21:45 | Report Abuse

Being: 1) an established pipeline system provider with integrated
manufacturing and distribution arm, 2) a dominant player in the domestic
market who is able to manufacture large diameter mild steel cement lined
(MSCL) pipe, as well as 3) one of two players in the duopolistic ductile iron
(DI) pipe manufacturing in Malaysia, we believe Engtex is poised to benefit
from the pent up demand for MSCL pipes in Malaysia. Despite the share
price appreciating 15.9% since our previous report dated 27 September
2013, we still see value in Engtex as it is trading at an undemanding
forward P/E multiple of 5.1x based on the current share price of
RM1.60/share. Based on target P/E multiple of 6.5x, we arrive at a fair
value of RM2.03/share for Engtex.

Posted by hw0706 > 2013-11-07 21:50 | Report Abuse

In neighbouring Singapore, the government is expanding the capacity of
NEWater from the existing of up to 30% of the nation’s water needs to 55% by
2060, before the expiry of the second agreement in 2061 for water supply from
Malaysia. Engtex could benefit from the sizeable pipe orders in Singapore,
expanding its product range exported to Singapore, on top of the existing
ductile iron pipes and wire mesh supplies to Singapore.

Posted by lloydlim > 2013-11-08 15:01 | Report Abuse

Rebounding now! Feel good!

Posted by lloydlim > 2013-11-12 19:56 | Report Abuse

Strong support at 1.60 Amazing!

Posted by tallman > 2013-11-12 21:03 | Report Abuse

Expect in good q result ma.