ENGTEX GROUP BHD
KLSE (MYR): ENGTEX (5056)
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Last Price
0.605
Today's Change
-0.015 (2.42%)
Day's Change
0.595 - 0.61
Trading Volume
89,100
Company Announcement
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Discussions
9 people like this. Showing 50 of 2,588 comments
Can anyone please explain why the price dropped so much despite a good qr?
2021-11-26 20:35
Makes sense to privatise. It's trading at such a huge discount to book value and yet still very profitable.
2022-01-27 10:38
lolm, i already prepare to enter at 0.615, suddenly up to 0.63... who o, push so much, dafuq
2022-02-04 10:42
Moon ?
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...
2022-03-11 21:04
1.This is a good one.
At 68sen it is trading at PE less than 4x and 38% of its NTA of Rm1.78
2.The company was quite resilient and even in the pandemic year 2020 was able to generate a profit of 13m. For financial year ending 2021 it has produced an incredibly impressive profit performance of 75m. That was a more than 5 fold jump in profitability.
3. For 2021, Engtex generated a remarkable net cash of 110m from operation. It has a strong current ratio and satisfied sufficiently its working capital requirement.
4The company's borrowing has continually reduced and is now in a comfortably manageable level.
5 The EPS for 2021 is 17sen. Traditionally Engtex will announce dividend in the month of April. Assuming it retains 80% profit for future growth and distribute 20% of profit, it would be 3.4sen. At 68sen the divident yield is potentially 5%.
5The company has cash on hand of 122.9m. The cash needed for potential dividend payment is 433m x 3.4sen is 14.72m. Hence, it is realistically possible.
6 Insiders have been buying up the shares continually. Insiders buying indicate commitment and confidence in the company's present and future performance.
7 Engtex is a fundamentally sound and well managed company. At its current price the downside risk is minimal.
Happy Trading.
2 months ago
Are u all ready for the boom??Something is coming.now 70 cents.Talk on 12/4/2022 17.51 pm..
2 months ago
1.On Tuesday 13th April it closed at 70.5sen. The current share price is above the 20-day EMA and above the 200-day SMA. This is a sign of strength and indicates bullish sentiment and buying opportunities.
2. The long term Golden Cross formed between the 50-day EMA and 200-day SMA confirms the long term uptrend.
3.The gap between MACD line and signal line has widen. This means we can expect positive momentum in the coming days as represented by the larger histograms.
4.From 5 April up until today 13 April we see heavy volume with raising price. An increase in price accompanied by an above average volume traded indicates strong buying interest.
5. Clearly, the market expects the momentum to persist and share price is expected to accelerate further upon announcement of dividend and expectation of stronger profit performance in the coming quarter.
In my opinion, it is therefore unwittingly wasteful to cash in on short term small profit or contra gain.
Besides, insiders buying indicate commitment and confidence in the company.
2 months ago
crude oil price like yoyo, would it impact engtex? hopefully can close above 0.73 today
2 months ago
0.645...power up to longkang....lousy stock....said directors bought but price keeps heading to holland....
4 weeks ago
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2021-11-23 16:55