yoy profit reported higher than last year. turnover declined but profit relatively increased show management well in control cost and improve better margin on its products. whole year profit on 20sen/share is intact. Good prospect on getting more job once water issue in Selangor expected resolved by earlier 2017.
Now, there is a buzz if BN takes over Selangor, Engtex will benefit from it because the water dispute will be resolved since BN control Selangor. Nonetheless, we could see huge contracts to pipe makers as we will need to start replacing the pipes.
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
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
davidkkw79
5,068 posts
Posted by davidkkw79 > 2016-11-17 13:08 | Report Abuse
Result really good? I really doubt it.