ENGTEX GROUP BHD
KLSE (MYR): ENGTEX (5056)
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Last Price
0.655
Today's Change
-0.01 (1.50%)
Day's Change
0.65 - 0.665
Trading Volume
574,900
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
0.655
Avg Target Price
0.88
Upside/Downside
+0.225 (34.35%)Price Call
0
SELL
1
HOLD
8
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
10 people like this. Showing 50 of 2,773 comments
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
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
The 0.615 support is now waiting for the dealer to eat enough and then push it back up.
1 month ago
when Mr NgWS90 that we can go 81 cents ???? tommorrow or thrusday or friday ?
1 month ago
At the last five minutes, the dealer came in to buy it. There should be a play tomorrow.
1 month ago
Engtex – chasing dreams or using base rates?
Daniel Kahneman made famous the concept of the base rate fallacy. When presented with both historical or statistical information and those which is specific to an event, we tend to ignore the historical/statistical one.
I worry that we are going to see this play out for Engtex. This is a cyclical company whose performance is linked to steel prices. So in valuing Engtex we should be looking at its performance over the steel cycle. On such a basis its earnings value based on its historical performance is below its market price suggesting that it is overpriced
Of course, you would argue that this is backward looking and a more forward looking picture should consider the potential demand for water pipes. This in turn relates to the increase in water rates that would translate into better earnings for the water companies that in turn spur more water infra spending. On such a basis, you would consider Engtex as being underpriced.
In the short term the water infra story may play out. But if you are a long-term fundamental investor, shouldn’t you be looking at the water infra story in the context of the base rates?
https://www.youtube.com/watch?v=HRIYJUoQMj4
6 days ago
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soonning65
Probably can hit 0.80 today
1 month ago