next week 1.40!

http://www.thestar.com.my/business/business-news/2016/06/25/still-in-the-pipeline/

Beneficial to pipe makes

http://www.orientaldaily.com.my/business/cj200018388

Let's hope for SPLASH deal to conclude and we will see better ady ahead!

The restructuring of the country’s water assets remained unresolved. Nevertheless, measures have been taken to accelerate the deal after the Federal Government will appoint an international valuer to independently evaluate a fair and best offer for all parties. The delay is also seeing a lower take up rate for its pipes as the nationwide pipe replacement efforts are also seeing slow progress.

Read report published by M+ u will know

Hahahahah I love your humour huatrex

Is it? I thought tomorrow will have the discussion?

to be honest, i see quite slim of a chance that the deal will go through. Both parties are not prepared at all based on the news. Very sad

If tmr's SPLASH takeover reaches agreement, this stock will fly to RM2.00!!!

HuatRex, today candlestick looks good. not sure can maintain momentum or not

HuatRex dont push the price up =p

Gogo Engtex!!!

yinyin99 means tmr will go up? HuatRex whats ur TP?

u all fight until sun come also wont move the share price. Seems like the founders converted some warrants. Good sign or bad sign?

LMAO this is how you do a valuation by simply whacking 25% discount coz you want a margin of 25%? HA!!!

HAHA! told you guys. dont wanna listen. All think breakout but false breakout! See you at RM1.10!

M+ TP remain RM1.30.

my past experience tells me that investing with policy-restricted fund managers are always nonsense. They have many restrictions and mandates which disallow them to make proper judgement affecting their overall return. Nonsense if u ask me to invest in a strict environment. I will be better off putting my money into ETFs.

paperplane, his track record showed he makes money wooooo see all his publicationssssssss

Flintstones, to be honest, his way of investment is more defensive rather than aggressive as he always preaches about "take care of the downside and the upside will take care of it for you"

He made good money from managing funds as well as teaching course. He also planned his game properly by giving free advice for years and started to charge for course.

Once he has few people to help him to do research, he further monetises by creating his own funds and charging fees to manage it (with the help of students who look out for great undervalued stocks as he alone cannot screen every stocks in the world).

He is a living example of how online business works.

1. You give good and niche advice for free
2. Once you have a number of followers, you monetise them by selling them products related to your knowledge (they will buy it cause they trust you)
3. Profit

Basically, provide advice > readers trust him > sell them his products > profit.

On top of that, he also does what other speakers in the market does, by flying to Malaysia every once in a while and organises talks and meetup. True enough, many people attended. He did all this so well like how the other financial market speakers did it.

Soon he will be doing it to other countries and slowly bringing it around to Singapore etc..

Nope no tp. I feel rm1.10 is good for me. Next accumulation is rm1.00. Long term is a very good stock.

i will only consider buying below RM1.10.. Someone keep selling now. No point you buy to support their selling. My source tells me some institutional funds are selling

Not so impressive.. only 4% increase in profit.. tmr will slide again..

0.35?! 0.34?!

based on the share price movement, i expected it to drop to RM5.50 first... i dont think results will be good as well..

once break RM6.00 i will catch this at RM5.50 just 12 more %~ Good stock but overvalued..

Lol... lemme ask you, between 6.50 and 5.50, what are the chances that the CD will be in the money if the next quarter results is very good or surprise upside? Of coz 6.50 right? Do you know how good or bad is the next quarter results? Won't you want to be on the safe side? Why stop at 6.50 when you can go to 5.50? What if you stop at 6.50 and next quarter is superbly good it goes up to 7.50? If 5.50 you have bigger buffer not? This stock is still illiquid hence you don't need a lot money to move it

Based on the volume today, i think more selling will continue. I am looking at around RM5.28 lowest. Below RM5.50 i will add. im only giving it a PE of 10x (by right should be lesser because of the call warrant). I am also not factoring in the stale bull which will sell whenever given the opportunity. Funds are not interested anymore at this price, they are not stupid. They are playing wait-and-see as they know retailers will surely sell. Unless the next quarter results exceeds RM70m, i see no reason why this counter is worth the time.

@CKNGCKI3, if you study how call warrant works, you will know how it affects the mother share. The issuer is basically gambling with anyone who buys the CD. If the issuer wants to win, what do they do in order to win? Can you win Genting casino? Why do casinos always has a higher chance to win? Same logic and you will be able to understand where im coming from.

klsenovice, dextro is right. if you wanna make fast money, wait the CD to depress until less than 5 cents/premium less than 10% then you can gamble a bit on the CD. but i do not recommend this high risk high return type of punting. If you wan the mother share, dont waste your time for now. Everyone abandoned this counter due to its CD.

Manulife becomes substantial shareholder of Engtex

http://www.enanyang.my/news/20160816/%E5%AE%8F%E5%88%A9%E4%BA%BA%E5%AF%BF%E4%BF%9D%E9%99%A9%E8%B4%AD%E5%8B%87%E8%BE%BE5-28/

hahaha sorry today will not close higher than 1.50

this stock popular with going up 2 days and down back.. susah la got ppl control

my opinion, first dont put ur full name in this type of forum. secondly, based on the volume today, it will close in red. thirdly, as long as the call warrant is still in existent, the share price wont move up for now.

We refer to the article entitled “Buck up or face action, Govt warns passport vendor” published in The Star on Tuesday, 2 August 2016, in particular to the sentence reproduced below:-

“Datasonic Group Berhad is the principal supplier of the passports and many of the chips used on the data page alleged had defects”

In relation thereto, the Board of Directors of Datasonic wishes to clarify that:-

1. Datasonic is not the current principal supplier of the Malaysian passport booklets and chips to Kementerian Dalam Negeri (“KDN”). Percetakan Keselamatan Nasional Sdn Bhd (“PKN”), a company privatised by the Government owned National Printing Department (“NPD”) has been given 6 months extension to supply 2 million passport booklet and chips from 1 June 2016 to 30 November 2016 by the Government.



2. Datasonic Technologies Sdn Bhd (“DTSB”), a wholly-owned subsidiary of Datasonic had on 15 December 2015 accepted the Letter of Award (“LOA”) dated 15 December 2015 from KDN for the supply of the Malaysian Passport Chips for a period of five (5) years or 12.5 million of Passport Chips commencing from 1 December 2016 to 30 November 2021 for a contract sum of RM318,750,000.00.



3. DTSB had on 27 April 2016 accepted the LOA dated 27 April 2016 from KDN for the supply of the Malaysian Passport Documents for a period of five (5) years or 13,416,000 units of Malaysian Passport Documents commencing from 1 December 2016 to 30 November 2021 for a contract sum of RM223,376,400.00.



4. Datasonic will be the new subcontractor to PKN for the supply of 2 million chips that will be embedded into the polycarbonate data pages. First discussion on the terms and conditions and draft subcontractor agreement by PKN has already started on 29 July 2016.

If everything goes smoothly, subcontractor agreement between PKN and Datasonic for the supply of 2 million chips to PKN is expected to be signed and the necessary announcement will be made in compliance to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.



5. During the period from April to July 2016, Datasonic had delivered a total of 1,020,252 units of polycarbonate data pages to PKN which consist of 121,000 thin polycarbonate data pages and 899,252 thick polycarbonate data pages with embedded chips. The average delivery for last 4 months from April to July 2016 is 255,063 units.



6. The actual migration to the new passport with embedded chips in the polycarbonate data pages started on 16 May 2016. The utilisation of new polycarbonate data pages with embedded chips in May 2016 is less than 55,000 units.

The delivery in April 2016 is 223,000 units which consist of 119,000 units of thin polycarbonate data pages and 104,550 units of thick polycarbonate data pages with embedded chips. The delivery in May 2016 is 149,662 units which consist of 2,000 units of thin polycarbonate data pages and 147,662 units of thick polycarbonate data pages with embedded chips.



7. The delivery of polycarbonate data pages with chips to PKN in June and July 2016 are 369,916 and 277,124 units respectively.

The passing rate of the chip after 100% quality control by Trub AG, Switzerland before shipment, 100% incoming quality control by Datasonic and PKN is more than 99.76%. Therefore, there is no issue on the quality of the chips.



8. As of 24 June 2016, out of the 523,940 units of the chips that had been delivered and verified by the main contractor before production, the rejection rate of chips is very small, only 0.24%. There is no such thing as a large number of chips delivered to the main contractor had been rejected due to defects.



9. The new process of using e-Gate as shown in the notice at the e-Gate supplied and maintained by another vendor is to open the data page and put on top of the reader.



10. The new process of reading the passports as recommended by International Civil Aviation Organization (ICAO) is to enhance the security of border control and accepted worldwide.



11. All the new and old passport holders will not encounter any problem in using e-Gate as long as they followed the new process of reading to enhance the security of border control.



This announcement is dated 3 August 2016.

Very obvious that there is a lot supprt from GLCs in this counter. Buy now sure not rugi. Bought more jsut now.

results sure leaked out liao. Not good.

just bought Dsonic. put inside freezer for 1 to 2 years then open back.. shit will come out hahahaha

ahahahahahaha retailers never ever learn their mistakes. So many IPOs this year and last year all are having the same trend but never learn. Uptrend for few months all investor throw and earn enough liao then crash larh. hahahah TP RM0.50 then i will buy.

This year will be a superb year for Engtex as low steel price has hit them in FY2015 (write-down of inventories). For FY2016, 1H16 saw steel prices reversed and has been uptrending until now. To top if off, further crackdown on one of the largest nickel mining countries and nickel being one of the important raw material for steel, i believe steel prices will continue to go up and Engtex would definitely be benefiting from this. Link: http://www.mining.com/nickel-price-jumps-manila-mining-crackdown/
I am definitely looking at FY2016 full year profit of around RM50-60 million (annualizing first quarter results), a 50% increase from FY2015 full year net profit. With RM60 million profit at current mkt cap of RM367 million, it is only hovering at PE of 6x. Bargain or not, you all decide. For me, this will be one hell of an investment for me this year.

For those who is looking to buy, dont waste your time for now. Come back when the CW-D nearly expires. The price will stay range bound RM12-13 until CW-D expires. As long as there is CW, it will be depressed as some invisible hands are stopping it from going up.

Engtex can manufacture up to 3,000 mm pipe for MS pipe not 2,200 mm. They are the largest DI pipe producer in Msia too.

Gadang is one of my top picks due to the resiliency of their performance.

loveygramps what do you think of EG? can consider? or VS better?

The higher the oil price go up, the better it is. AA hedged a lot of their oil price. This surge in oil price will definitely be beneficial in the short term as it will allow them to have better margins.

dont simply say RHB radar. Show proof.

you are right HK, there are few packages and after Langat 2 it will be the downstream pipes.