ENGTEX GROUP BHD

KLSE (MYR): ENGTEX (5056)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.635

Today's Change

+0.005 (0.79%)

Day's Change

0.625 - 0.65

Trading Volume

3,619,000

IPO Info
Offer Period

Opening

Closing

Time Table

Allotment Date

Listing Date

Price

Issue Price

-

Units

-

Share Capital

0.000

No of Shares

Public Issue

-

Offer for Sale

-

Private Placement

-

Discussions
10 people like this. Showing 50 of 2,774 comments

sephiroth

Did anyone get the bonus shares?

1 month ago

jaynetan

Monday to appear in your portfolio

1 month ago

sephiroth

OK thanks

1 month ago

TheContrarian

After ex-bonus did Engtex hit 86 sen? 80 sen?

1 month ago

soonning65

Neither. It hit 73 sen if I am not wrong

1 month ago

jaynetan

78

1 month ago

TheContrarian

I hope you guys made lots of money in Engtex and Engtex-WB like I did.

1 month ago

damansaraeagle

sorry okay, 0.665 now

1 month ago

damansaraeagle

SORRY WORST 0.65

1 month ago

damansaraeagle

FREE FALL

1 month ago

damansaraeagle

SUPPORT COMING IN AT 0.655

1 month ago

elmendaman

buy on weakness

1 month ago

TheContrarian

🤦

1 month ago

Richdady

Shit...after thy split this share.. stock damaged,... Played with retailers

1 month ago

damansaraeagle

no support at all

1 month ago

damansaraeagle

Engtex Group Berhad's shares have experienced a significant drop recently. As of today, the share price has fallen by 38% over the past month, which has raised concerns among investors. The drop in share price is largely attributed to a decline in the company’s earnings, which have been underperforming compared to the broader market. Despite this, some investors remain optimistic due to the company's forecasted growth over the next few years, which is expected to be higher than the market average. However, the company's current price-to-earnings (P/E) ratio remains high, which suggests that the market has high expectations for its future performance​

1 month ago

damansaraeagle

lowest point 0.64 , support ?

1 month ago

damansaraeagle

0.67 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

1 month ago

Cheah5555

The earlier rise in price was mainly due to bonus issues, the counter might need to rest or consolidate before going up again !

1 month ago

mf

collect

1 month ago

TheContrarian

Why are you people interested in a stock that is spiraling down?

1 month ago

Icon 888

No Show already la..

1 month ago

keng88

The 0.615 support is now waiting for the dealer to eat enough and then push it back up.

1 month ago

laulau

Undated Analysis On Engtex.

Good Afternoon Friends & Gentlemen!
We are Back! Did you managed to Grab cheap stocks during yesterday's panic selldown? The fundamentals on Engtex remains intact even after Bonus issue! Price remains cheap at 0.625 when the adjusted price should be 0.81 after Bonus Issue!

Recommendation: Accumulate on any weakness!

Who is Engtex?
https://www.engtex.com.my/

The Case For Engtex! Bursa is still strong at 1642 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 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: RM46m). Meanwhile, its tender book stands at RM403m (MS pipes: RM328m, DI pipes: RM75m). 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 water projects on stronger finances of water operators following the recent water tariff hikes. These include:
(i) non-revenue water (NRW) reduction initiatives or pipe replacement, and
(ii) construction or upgrading of water treatment plants (including the consolidation of old and small plants to optimize cost). We understand that water operators are currently identifying old pipes to be replaced and working out the cost to be submitted to the Ministry of Finance (MOF) for approval. According to Malaysian Water Association, water operators have thus far submitted proposals to the MOF for water projects worth ~ RM4b.

1 month ago

laulau

Morning Friends & Gentlemen! Price remains cheap at 0.63 when the adjusted price should be 0.81 after Bonus Issue!
Since fundamentals remains intact Rebound is coming soon! Once reached 0.81, Engtek should break Penny Stock status to resume soft target 1.23 followed by TP1.38~1.41 with so many Water & DC infrastructure projects in the pipeline before next Budget Announcement?
Recommendation:
Accumulate on current weakness before Institutional & Foreign Funds comes in, while we wait for the next Breakout!

4 weeks ago

laulau

Malaysia shines as foreign investors return, peers stumble
By Reuters
August 22, 2024

The stock benchmark KLCI has risen more than 12 per cent this year on the back of an AI-driven data center boom, outperforming the 6.0 per cent rise in the MSCI Southeast Asia index .

The stand-out sectors of construction, power, and infrastructure offer "investors a chance to move beyond the tech and consumer names that dominate in other regions", Vikas Pershad, portfolio manager for Asian equities at M&G Investments, said.
https://www.nst.com.my/business/corporate/2024/08/1095171/malaysia-shines-foreign-investors-return-peers-stumble

4 weeks ago

keng88

QR GG

4 weeks ago

Qwertyuiop

Selling dried out, buy on weak qr, expecting better QRs in the near future.

3 weeks ago

TheContrarian

🤦

3 weeks ago

NgWS90

Buy and TP at 81 cents like Kenanga

3 weeks ago

damansaraeagle

when Mr NgWS90 that we can go 81 cents ???? tommorrow or thrusday or friday ?

3 weeks ago

keng88

At the last five minutes, the dealer came in to buy it. There should be a play tomorrow.

3 weeks ago

damansaraeagle

keng88, they call it a bluff. Nothing happen. Goes down bad 0.61

3 weeks ago

damansaraeagle

now buying at 0.615

3 weeks ago

keng88

Damansaraeagle, Engtex still washing dishes. bought low and waited.

3 weeks ago

NgWS90

How low is your low, keng88 ? 😁

3 weeks ago

keng88

NgWS90 , Look at 0.60

2 weeks ago

NgWS90

Thought your low price was 0.58 (52 week low), keng88 😬

2 weeks ago

TheContrarian

Has Engtex hit 80 sen?

2 weeks ago

kenwilbur

Going lower better sell 1st

2 weeks ago

TheContrarian

Luckily I sold last month for almost 30% gain.

2 weeks ago

kenwilbur

Diving better run

1 week ago

kenwilbur

Goin downhill becareful

1 week ago

kenwilbur

Sell 1st buy later

1 week ago

NgWS90

Reach 52 week low price. Time to go in ?

1 week ago

TheContrarian

When will Engtex hit 80 sen?

1 week ago

kenwilbur

No , goin down .

1 week ago

Post a Comment