ENGTEX GROUP BHD

KLSE (MYR): ENGTEX (5056)

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Last Price

1.10

Today's Change

+0.05 (4.76%)

Day's Change

1.04 - 1.11

Trading Volume

1,168,700

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

1.10

Avg Target Price

0.83

Upside/Downside

-0.27 (24.55%)

Price Call

0

SELL

4

HOLD

7

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
10 people like this. Showing 50 of 2,674 comments

Icon 888

Recession come.. lari

2023-04-19 19:16

Icon 888

Lari dulu.. see end of this year

2023-05-01 21:19

Icon 888

No show.. see u next year

2023-05-05 15:54

i4value

Post removed.Why?

2023-06-21 10:29

Dehcomic01

Over the past 14 years, the company achieved an average ROE of 8%. This is good considering that the mean ROE of the Bursa steel companies averaged negative 1%.

2023-07-21 08:27

Icon 888

No hope tis year

2023-08-03 23:10

Icon 888

Possible privitise ke

2023-09-21 23:05

Cheah5555

Engtek very strong recently, this year power bull for water theme!

2024-01-07 19:10

investor77

Water is essential utility and Govt try minimise Non Revenue Water. One way is to replace old water pipe, where EngTex comes in.

2024-02-02 12:41

G-boy

This year is engtex golden multifold year..
in order to increase water price, i think government rather to fix the pipe to reduce NRW.
It is win win win 3 status to everyone
win: we still got cheap water price
win: government earn from NRW
win: local company win from water pipe project

2024-02-06 15:04

ocbc

PBA. Ranhill, Engtex ,YLi

2024-02-13 11:55

Icon 888

Ho ho ho

2024-02-14 17:29

silentWolf


See all ENGTEX's Bursa Announcement


ENGTEX GROUP BERHAD (5056)
Last Price Change Volume
1.110 KLSE Market Watch 0.050 (+4.72%) 61,944
Open: 1.050 Day Range: 1.050 - 1.120 Prev Close: 1.060


Notice of Person Ceasing (Section 139 of CA 2016)
ENGTEX GROUP BERHAD
Particulars of Substantial Securities Holder
Name DATO' LIM KIAM LAM
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder Dato' Lim Kiam Lam
Date of cessation 08 Feb 2024
No of securities disposed 2,898,800
Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares in open and off market.
Nature of interest Direct and Indirect Interest

Date of notice 14 Feb 2024
Date notice received by Listed Issuer 14 Feb 2024

2024-02-14 21:51

G-boy

good to hear it...

2024-02-14 22:27

G-boy

somebody willing and keep buying his stock in high price
something brewing

2024-02-14 23:01

ocbc

PBA. Ranhill, Engtex ,YLi

2024-02-15 09:40

KingKKK

UTILITIES Sector (KingKKK): Fueling the Nation: Identifying the Top Performers in the Malaysian

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-16-story-h-188417037-UTILITIES_Sector_KingKKK_Fueling_the_Nation_Identifying_the_Top_Perform

2024-02-17 21:02

Icon 888

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

2024-02-20 17:55

EngineeringProfit

Engtex is my favourite. Thanks for the profit$$$$

2024-02-28 07:50

G-boy

finally pull back for me to ride the boat to rm2 above

2024-03-04 11:49

G-boy

scenario same like 2013?
pullback 20% to get the bigger trend double...

2024-03-04 11:50

ocbc

Malaysian Federal Government May Help Finance Penang Water Pipe Upgrade
asianwater January 23, 2024
The federal government is studying whether it can provide grants or loans to the Penang government for upgrading a main valve at a major water treatment plant, deputy prime minister Fadillah Yusof said.

Water supply in Penang was shut down in January to enable work on the valve at the Sungai Dua treatment plant.

Fadillah, who is minister for energy transition and public utilities, said valve replacement and maintenance across the state need to be implemented to prevent

2024-03-08 11:24

ocbc

Malaysia needs to be ESG compliance ( Supply of Renewable Energy , Low NRW water , No Burning of forest ) , all in-process except to accerlate the replacement of waterpiple all over to reduce NRW to attract FDI from companies like Nvidia to invest in Malaysia.

Ranhill-PBA-KPS-Engtex-Yli berhad (even Puncak) are in-line to be involved in this !

2024-03-12 14:39

KingKKK

UTILITIES Sector (KingKKK): Investing in Malaysia's Engine Top Performer - YTLPOWR, YTL, RANHILL, PBA, TENAGA, PETGAS, MALAKOF, ENGTEX

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-17-story-h-186391184-UTILITIES_Sector_KingKKK_Investing_in_Malaysia_s_Engine_Top_Performer_Y

2024-03-17 16:01

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.

3 weeks ago

S363636

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.

3 weeks ago

S363636

More water needed soon

3 weeks ago

EngineeringProfit

Engtex is my favourite

2 weeks ago

Berlin

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?

2 weeks ago

jaynetan

此言差矣

1 week ago

ocbc

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 week ago

laulau

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 week ago

laulau

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

1 week ago

laulau

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 week ago

Bettyem

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

1 week ago

laulau

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 week ago

laulau

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 week ago

WhiteMagic

In the meantime they will pump & dump.

1 week ago

laulau

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 week ago

laulau

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 week ago

laulau

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

4 days ago

laulau

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 day ago

laulau

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 day ago

TheContrarian

Bought Engtex-WB at 41.5 sen.

1 day ago

Richdady

Warrant soon rm 1

1 day ago

TheContrarian

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

20 hours ago

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