ENGTEX GROUP BHD
KLSE (MYR): ENGTEX (5056)
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Last Price
1.12
Today's Change
-0.01 (0.88%)
Day's Change
1.11 - 1.14
Trading Volume
395,500
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
1.12
Avg Target Price
0.90
Upside/Downside
-0.22 (19.64%)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 2,711 comments
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.
1 month 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
1 month 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
4 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!
3 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
3 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
3 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
2 weeks 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
2 weeks 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
2 weeks 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
2 weeks 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!
2 weeks 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
1 week 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.
1 week ago
ENGTEX closed 1.15, but the WB warrant closed 0.445, basically trading at a discount to Intrinsic Value (WB strike 70 sen, expiry 2 years away).
In general, warrants should be avoided, but highly experienced trader may accept increase in risk for higher returns via leverage via deep ITM warrants with long expiry dates (to keep Theta decay to minimum).
However, at 0.445 close, its negative Theta which is not normal, so, WB Market Maker may have a reason for this. Typically, there's 3 reasons:
1. WB market maker, due to low volume, is trying to garner interest in the WB warrant by sometimes creates temporary mispricing situations. More experienced traders come in to take advantage and then interest is generated. E.g. my writing about this discount here.
2. Market maker thinks in the short term, ENGTEX is overbought and likely to consolidate and fall to support - e.g. price falling back to RM1.
3. WB Market maker is wrong creating mispricing.
The thing about WB warrants is that for you to win, the other side must lose. If the volume is light, it means it's between you and the Market Maker. If volume is heavy, then, you have more junior traders coming in and it's possible for highly experienced trader AND the market maker to make monies off the ignorants. Remember, warrants are derivatives with zero-sum. It means for you to win, someone else must lose.
I'm willing to bet that in the long run, the Market maker will not lose - else, he goes out of business.
3 days ago
The Intrinsic Value of WB if price temporarily falls back to RM1 is 30 sen. If RM1 is support, likely the premium will re-appear i.e. the WB warrant traded higher than 30 sen. Still price fall from 41 down to 30 sen is nearly 25% loss. This is not a small loss, unless you trade so small, i.e it makes no difference whether you win or small, but the point is this is not a compounding machine. If you keep playing, trying to "compound", then, one day, eventually, Market maker wins and takes away all of your past gains. The longer you play, the more warrant trades you make, Market maker is betting that you will try to "compound" i.e. eventually, he will take away all of your past gains. Because you cannot always win forever.
3 days ago
In other words, the Market Maker is "fishing". Sometimes, he lets you see a discount to reel you in. Sometimes he let you wins to encourage you to keep trading and keep playing warrants. The moment volume goes up, he knows who is greedy and who isn't. And that's when the killing is made. If you can't detect this over many trades, it means you are the sucker. Don't fall for this - just avoid playing warrants for long term, unless you are experienced and sense a compelling trade, but don't make a habit of playing it.
3 days ago
PS. Market makers for derivatives, due to zero sum game nature, are amongst the smartest out there. The things they do always pushes boundaries of what's legal and what isn't. It's a question of reward to risk. Let's see the reaction to this statement. 😉
3 days ago
For the record, you must be a good trader to win with WB. You need to buy at very good times and sell at good times. And you cannot be inaccurate, because small inaccuracies can mean a difference between profit or loss. And this accuracy is hard work.
Personally, I avoid because it's a 3 foot hurdle for me - it means I really have to make a serious attempt and at this juncture in my life, I no longer look for 3 foot hurdles but low 1 feet hurdle where I can just walk over it and win.
So, I always trade the mother stocks now and so far this buy and sell stock works extremely well for me. It helps I have a sizeable account, so, I don't need the leverage and it helps it's not a zero sum game in stocks. Last year, I made over a dozen trades (buy, sell, closed) and it's 100% win rate. Open positions around 85% win rate on paper (and the losses small). To me, these are 1 foot hurdle. The certainty of winning is what attracts me. I want to know that before I enter the trade, that I have. very high odds to come out winning. And so, I avoid warrants trading. Just sharing.
For example, one of my worst trades is MAGNUM - I published it in my blog. I chased at 1.16. After I chased, price went up and then fell and I sit on unrealized loss for some time. But because it is mother stock, there is no warrant theta decay. And eventually, market runs up, and now, it's a profit. And I took some partial profit at 1.29. Likely this will be another win. If you trade sound fundamental stocks with good fundamentals, even if your timing is inaccurate, you have very good odds of winning. And wins is what attracts me when trying to compound.
3 days ago
My trades return 90 % derived from Warrants.
Need to understand
What are warrants
How they functions
The intrinsic value n the underlying shares
3 days ago
It's so strange some people are upset because I bought Engtex-WB at 41 sen.
2 days ago
For those who wants to talk about warrants. Here the correct place to post. Thks
https://klse.i3investor.com/web/stock/overview/5056wb
2 days ago
Friends & Gentlemen!
Rebound is coming soon! 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!
2 days ago
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.
2 days ago
Hi TheContrarian, don't take it too personal, others bought WB. I'm confident you'll come out ahead, but not sure about others.
1 day ago
Hi jaynetan, I did make warrant gains like 5000% before. 90% is small. But I wish you all the best long term. It's more than Intrinsic value, make sure you understand Theta decay too.
1 day ago
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勇达集团 更换水管业务看涨!
https://www.enanyang.my/node/608304#google_vignette
1 month ago