ENGTEX GROUP BHD
KLSE (MYR): ENGTEX (5056)
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Last Price
1.11
Today's Change
-0.04 (3.48%)
Day's Change
1.08 - 1.14
Trading Volume
2,408,600
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
1.11
Avg Target Price
0.90
Upside/Downside
-0.21 (18.92%)Price Call
0
SELL
4
HOLD
6
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
10 people like this. Showing 50 of 2,700 comments
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.
1 month ago
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?
1 month ago
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 ) .
1 month ago
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/
1 month ago
YTL Subsidiary SIPP Power takeover Ranhill Utilities.
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) | https://www.klsescreener.com/v2/announcements/view/7170643
1 month ago
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/
1 month ago
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
1 month ago
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%)
1 month ago
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)
1 month ago
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
1 month ago
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
1 month ago
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
1 month ago
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.
1 month ago
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
1 month ago
Buy 4 warrants also will get 3 bonus warrants and warrant exercise price will be revised downwards.
4 weeks ago
More Good News On Engtex Energy, 80% Owned By Engtex Group
Northern Solar seeks listing on GEM
Sinchew Wed, Jun 26, 2024
KUALA LUMPUR (Aug 26): Northern Solar Holdings Bhd has submitted its preliminary prospectus to Bursa Malaysia seeking a listing on the ACE Market .
According to the preliminary prospectus, the company will offer 67.252 million new shares under the initial public offering ( IPO ), of which 19.78 million shares are for application by the Malaysian public, 7.912 million shares are for application by qualified directors, employees and meritorious persons, and 39.56 million new shares are privately placed to specific investors. At the same time, major shareholders also offer 35.604 million existing shares.
The listing offers investors a total of up to 26% of the company's shares.
Northern Solar Holdings' main business is to provide design, procurement, construction and commissioning of photovoltaic systems. The company owns and operates 10 solar photovoltaic systems and another 4 solar photovoltaic systems through its 20%-owned Engtex Energy Sdn Bhd.
Legend Industries (LAGENDA, 7179, Main Board Industrial Group) owns 15% of Northern Solar Energy, and its stake will be reduced to 12.5% after listing. Engtex Group (ENGTEX, 5056, Main Board Industrial Products and Services Group) holds 80% of Engtex Energy.
COMPANY DESCRIPTION
ENGTEX ENERGY SDN. BHD. was incorporated on 2002-07-02 in Malaysia with registration number of 0584923X / 200201017260. ENGTEX ENERGY SDN. BHD.'s business includes SPECIALIST IN SOLAR PHOTOVOLTAICS INDUSTRY, DEVELOP SOLAR ENERGY SYSTEM AND OTHER RENEWABLE ENERGY AND ACQUIRE MOVABLE AND IMMOVABLE PROPERTIES
https://www.businesstoday.com.my/2023/11/14/engtex-increases-stake-in-eesb-to-80-for-more-control/
https://www.sinchew.com.my/news/20240626/finance/5716689
3 weeks ago
Updated Information Sharing.
Engtex's expansion into Sarawak to operate steel pipes manufacturing activity via acquisition of Variglobal (VGSB) in Kuching will allows Engtex to benefit from Sarawak's RM1.08 billion pipes replacement project?
As announced in Note 5, VGSB (Variglobal) is an investment holding company which owns the Land. The Land shall be leased to a related company of Engtex who has the expertise and resources to operate steel pipes manufacturing activity in Sarawak.
COMPANY DESCRIPTION
#VARIGLOBAL SDN. BHD. was incorporated on 2006-10-18 in Malaysia with registration number of 0750948P / 200601031189.
#VARIGLOBAL SDN. BHD.'s business includes PROPERTY INVESTMENT & INVESTMENT HOLDING
Recommendation.
Accumulate on any weakness as rebound in progress?. I like Icon 888's TP, first TP. 1.20 achieved earlier, next TP 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
https://www.klsescreener.com/v2/announcements/view/7198891
https://www.thestar.com.my/business/business-news/2024/04/08/state-allocates-rm108bil-for-water-pipe-upgrade#openShareModal
https://www.nst.com.my/business/corporate/2024/04/1036804/kkb-engineering-gain-sarawaks-rm11bil-water-supply-projects
3 weeks ago
Morning Friends & Gentleman! After Ranhill, Infrastructure & Water stock Engtek's turn is coming! Accumulate on weakness & let's wait for the rebound to 1.23 onwards!
2 weeks ago
Breakout soon!
Data Centers needs water for cooling. Engtex can supply all the water pipes to meet the cooling needs of these Data Centers in Malaysia especially Johor, Penang, Selangor & even Sarawak! Accumulate on any weakness, more upside coming!
https://www.nst.com.my/business/economy/2024/07/1071916/water-supply-johor-ample-next-five-years-data-centre-builds-jp?sfnsn=wa
2 weeks ago
Even RHB recommends to buy Infrastructure & Utilities stock for DC, Engtex on weakness!
RHB IB keeps 'overweight' calls on property, construction, tech, healthcare, oil and gas, utilities sectors
By Ishra Kamiso / theedgemalaysia.com
05 Jul 2024
https://theedgemalaysia.com/node/718002
2 weeks ago
You need water & pipes to cool Data Centres. Engtek can supply all the water transport & distribution pipes to all these DCs! JP Morgan's analysis shows that Malaysia has ample planned water treatment plant additions to accommodate expected DC builds.
Water supply in Johor ample for next five years of data centre builds: JP Morgan
By Business Times
July 3, 2024
https://www.nst.com.my/business/economy/2024/07/1071916/water-supply-johor-ample-next-five-years-data-centre-builds-jp
1 week ago
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
1 week ago
Good news! Buy before foreign funds grabs all the cheap stocks!
JP Morgan upgrades Malaysia's rating, credits policy reforms, pace of progress
Thursday, 11 Jul 2024
https://www.thestar.com.my/business/business-news/2024/07/11/jp-morgan-upgrades-malaysia039s-rating-credits-policy-reforms-pace-of-progress
1 week ago
KUALA LUMPUR (July 11): Development of the Johor-Singapore Special Economic Zone's (JS-SEZ) infrastructure will be co-financed by the government and the private sector, Economy Minister Rafizi Ramli said.
The JS-SEZ was established by the governments of Malaysia and Singapore to strengthen business ties and enhance connectivity between the two countries.
Accumulate Engtex on any weakness as Engtex will be a beneficiary of water infrastructure for JS-SEZ!
https://theedgemalaysia.com/node/718608
1 week ago
Morning Friends & Gentleman! You need water for cooling needs of Data Centers, Ranhill can provide the water while Engtex will provide all the water pipes for water distribution! Ranhill already 1.61, its time for Engtex to play catch-up! The block at 1.20 already broken! The coast is clear for Engtek should reach soft target 1.23 followed by TP1.38~1.41!
Recommendation:
Accumulate on any weakness and as Breakout is imminent with a Bullish Bursa @1,623 points! Buy before Foreign Funds comes in!
1 week ago
Don't let foreign funds grabs all the cheap Engtex stock! The block at 1.20 already broken last week! The coast is clear for Engtek to reach soft target 1.23 followed by TP1.38~1.41!
KUALA LUMPUR: Foreign investors continued to buy domestic equities for the second consecutive week with net purchases totalling RM478.2 million, according to MIDF Amanah Investment Bank Bhd (MIDF).
The research firm said the majority of this influx amounted to RM389.2 million which occurred last Thursday when Bank Negara Malaysia (BNM) decided to maintain the overnight policy rate (OPR) at 3.00 per cent after concluding its two-day Monetary Policy Committee (MPC) meeting.
"The top three sectors that foreign investors net bought were construction (RM198.2 million), utilities (RM116.1 million) and industrial products and services (RM111.8 million)," it said in a statement today."
https://www.nst.com.my/business/corporate/2024/07/1076624/foreign-investors-net-mopped-rm4782m-worth-stocks-last-week
1 week ago
Don't let foreign fund grabs all the cheap Engtex stock! Once Engtex revisits 1.21, the coast will be clear for Water Infrastructure & DC play Engtek to reach soft target 1.23 followed by TP1.38~1.41!
The Edge
KUALA LUMPUR (July 17): Hong Leong Investment Bank (HLIB) Research maintained its 'overweight' rating of the construction sector, and said domestic contract awards jumped 41% year-on-year to RM20.7 billion in the first half of the year (1H2024), driven by data centre (DC) awards.
In a sector update on Wednesday, the research house foresees potential for awards acceleration in 2H2024, driven by long delayed big-ticket infrastructure projects.
It said positive sector sentiment could also come from the finalisation of the Johor-Singapore Special Economic Zone and Budget 2025, as well as structural DC and Johor reinvigoration themes.
https://theedgemalaysia.com/node/719288
5 days ago
This counter has appreciated for quite a lot since the beginning of the year.It is on the downtrend now,if you have made decent profit, better jump ship now.
4 days ago
Something must be brewing when out of the blue, strangers appear out of nowhere asking you to leave? Anyway the decision to invest is entirely yours. :)
Who is Engtex?
https://www.engtex.com.my/
The Case For Engtex! Bursa now already 1633 points with more upside!
Engtex Group Proposed 3-for-4 Bonus Issue
OUTPERFORM ↔Price: RM1.19
By Nigel Ng nigel@kenanga.com.my
Target Price: RM1.41
ENGTEX has proposed a 3-for-4 bonus share issue. We are neutral with backlogs and a strong pipeline of new projects.
Maintain OUTPERFORM. Expected Capital Gain: +RM0.27 +23.7% on the exercise. It is poised to benefit from the revival of water Expected Divd. Yield: +RM0.008 +0.7%projects and improved steel product prices. We maintain our Expected Total Gain: +RM0.278 +24.4% forecasts and TP of RM1.41 with OUTPERFORM call.
Our TP will be KLCI Index 1,617.86 adjusted to RM0.81 post the exercise. Stock Information
ENGTEX has proposed a 3-for-4 bonus share of up to 414.3m new ENGT MK Equity shares, of which we are neutral.
Nonetheless, its near-term prospects are strong, underpinned by outstanding order book of RM166m (MS pipes: RM120m, DI pipes: Shares Outstanding 441.4 RM46m). Meanwhile, its tender book stands at RM403m (MS pipes: Market Cap (RM m) 503.2 RM328m, DI pipes: RM75m).Par value per share (RM) N.A.These numbers are likely to rise over the immediate term as water 52-week range (H) 1.23 52-week range (L) 0.58 operators kick start their long overdue water projects on the revival of Free Float 38%water projects on stronger finances of water operators following the recent Beta 1.1 water tariff hikes. These include: (i) non-revenue water (NRW) reduction 3-mthavg daily vol 1,621,985 initiatives or pipe replacement, and (ii) construction or upgrading of water treatment plants (including the consolidation of old and small plants to Major Shareholdersoptimize cost). We understand that water operators are currently NH Holdings Sdn Bhd 24.8% identifying old pipes to be replaced and working out the cost to be NKG Resources Sdn Bhd 5.8% submitted to the Ministry of Finance (MOF) for approval. According to Ng Chooi Guan 4.5% Malaysian Water Association, water operators have thus far submitted Summary Earnings Table proposals to the MOF for water projects worth ~RM4b.
3 days ago
Bursa is still positive, After reaching 1.21 earlier, Engtek should reach soft target 1.23 followed by TP1.38~1.41 soon with so many Water & DC infrastructure projects in the pipeline!
Recommendation:
Accumulate on current weakness before Institutional & Foreign Funds comes in, while we wait for the Breakout!
8 hours ago
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CS Tan
4.9 / 5.0
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....
ocbc
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.
1 month ago