ENGTEX GROUP BHD
KLSE (MYR): ENGTEX (5056)
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Last Price
1.06
Today's Change
-0.02 (1.85%)
Day's Change
1.06 - 1.08
Trading Volume
224,600
News and Blogs
Discussions
10 people like this. Showing 50 of 2,678 comments
Water is essential utility and Govt try minimise Non Revenue Water. One way is to replace old water pipe, where EngTex comes in.
2024-02-02 12:41
This year is engtex golden multifold year..
in order to increase water price, i think government rather to fix the pipe to reduce NRW.
It is win win win 3 status to everyone
win: we still got cheap water price
win: government earn from NRW
win: local company win from water pipe project
2024-02-06 15:04
See all ENGTEX's Bursa Announcement
ENGTEX GROUP BERHAD (5056)
Last Price Change Volume
1.110 KLSE Market Watch 0.050 (+4.72%) 61,944
Open: 1.050 Day Range: 1.050 - 1.120 Prev Close: 1.060
Notice of Person Ceasing (Section 139 of CA 2016)
ENGTEX GROUP BERHAD
Particulars of Substantial Securities Holder
Name DATO' LIM KIAM LAM
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder Dato' Lim Kiam Lam
Date of cessation 08 Feb 2024
No of securities disposed 2,898,800
Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares in open and off market.
Nature of interest Direct and Indirect Interest
Date of notice 14 Feb 2024
Date notice received by Listed Issuer 14 Feb 2024
2024-02-14 21:51
UTILITIES Sector (KingKKK): Fueling the Nation: Identifying the Top Performers in the Malaysian
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-16-story-h-188417037-UTILITIES_Sector_KingKKK_Fueling_the_Nation_Identifying_the_Top_Perform
2024-02-17 21:02
Malaysian Federal Government May Help Finance Penang Water Pipe Upgrade
asianwater January 23, 2024
The federal government is studying whether it can provide grants or loans to the Penang government for upgrading a main valve at a major water treatment plant, deputy prime minister Fadillah Yusof said.
Water supply in Penang was shut down in January to enable work on the valve at the Sungai Dua treatment plant.
Fadillah, who is minister for energy transition and public utilities, said valve replacement and maintenance across the state need to be implemented to prevent
2024-03-08 11:24
Malaysia needs to be ESG compliance ( Supply of Renewable Energy , Low NRW water , No Burning of forest ) , all in-process except to accerlate the replacement of waterpiple all over to reduce NRW to attract FDI from companies like Nvidia to invest in Malaysia.
Ranhill-PBA-KPS-Engtex-Yli berhad (even Puncak) are in-line to be involved in this !
2024-03-12 14:39
UTILITIES Sector (KingKKK): Investing in Malaysia's Engine Top Performer - YTLPOWR, YTL, RANHILL, PBA, TENAGA, PETGAS, MALAKOF, ENGTEX
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-17-story-h-186391184-UTILITIES_Sector_KingKKK_Investing_in_Malaysia_s_Engine_Top_Performer_Y
2024-03-17 16:01
Malaysia lost an estimated RM$8 billion (US$1.7 billion) in wasted water between 2018 and 2022. The perceived low cost of water combined with climate pressures is fuelling water scarcity.
1 month ago
Siliconware Precision Industries Co., Ltd. (SPIL), a leading global semiconductor packaging and testing company, celebrated the groundbreaking of its Malaysia P1 plant at Bandar Cassia Technology Park in Pnenag. This state-of-the-art 8-hectare facility, representing a RM6 billion investment, is expected to create nearly 3,000 skilled jobs over the next 15 years. The plant will feature advanced packaging and testing technologies, including wafer bumping and wafer-level chip packaging, enhancing efficiency and competitiveness in the semiconductor industry.
The ceremony was graced by prominent figures, including YBhg. Dato’ Hairil Yahri Yaacob, Secretary General of MITI; Mr. Sivasuriyamoorthy Sundara Raja, Deputy CEO of MIDA; Dato’ Loo Lee Lian, CEO of InvestPenang; and Mr. Michael Chang, CEO of SPIL Malaysia. Their attendance highlighted the significance of this project to the region and the industry.
YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of MITI, warmly welcomed SPIL’s investment. He emphasized that this development affirms Malaysia’s position as a preferred destination for global semiconductor companies. He noted, “The National Semiconductor Strategic Task Force (NSSTF) and MIDA’s expertise are key to the New Industrial Master Plan 2030, aiming to increase economic complexity, forge stronger global linkages, and create high-paying jobs for Malaysians.”
Mr. Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, underscored the benefits of SPIL’s investment, stating, “This facility enhances Malaysia’s semiconductor ecosystem, creating high-value engineering jobs and accelerating the export of Malaysian products globally.” He added that this project positions Malaysia as a key player in the international semiconductor market, driving sustained economic growth.
Dato’ Loo Lee Lian highlighted Penang’s substantial contribution to the semiconductor sector, stating, “Penang is proud to host SPIL, reflecting foreign investors’ confidence in our region as a hub for advanced technologies. This facility will advance Penang up the value chain, reinforcing its reputation as the Silicon Valley of the East.”
Mr. Michael Chang, CEO of SPIL Malaysia, expressed gratitude to MIDA and InvestPenang for their support. He stated that the P1 plant will foster innovation, cultivate semiconductor talent, and enhance technological capabilities in Penang. He emphasized SPIL’s commitment to environmental sustainability, aiming for GBI Green Globes Certification and a net-zero carbon reduction goal by 2050.
As part of ASE Technology Holding, the world’s largest packaging and testing group, SPIL is expanding its global footprint with the P1 plant. This initiative introduces advanced packaging technology, strengthens the packaging and testing industry, and drives innovation and economic growth in Penang and beyond.
1 month ago
The 3:4 bonus issue appears to be a meaningless corporate exercise by itself. No funds were raised, no value created. Why did the company do it then?
3 weeks ago
implement 3:4 will enable institution investors to come in. You want more upside , invest half of your capital
to YLI berhad too (remember not contra play ) .
2 weeks ago
Looks good to me. Hint Data Centers needs lots of water for cooling data strorage facillities? YTL subsidiary SIPP Power takeover Ranhill Utilities.
Engtex can supply all the piping needs for all Data Centers in Malaysia and the World.
Even YTL Power sees the need to acquire Ranhill Utilities for water cooling needs of Data Centers?
https://www.thestar.com.my/business/business-news/2024/05/30/ytl-powers-ranhill-acquisition-a-positive
https://www.vertiv.com/en-asia/solutions/learn-about/liquid-cooling-options-for-data-centers/
2 weeks ago
YTL Subsidiary SIPP Power takeover Ranhill Utilities.
TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A)) | https://www.klsescreener.com/v2/announcements/view/7170643
2 weeks ago
Engtex Benefits from Revival of Water Infrastructure and Water Cooling needs of Data Centers.
https://www.klsescreener.com/v2/news/view/1340101
Why Engtex?
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.
#Ranhill Utilities under YTL Power will need Engtek's large diameter MS pipes & ductile iron (DI) pipes for its upstream water supply projects & ductile iron (DI) pipes widely used in water distribution to give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs.
#Year to date, Engtex has secured new contract wins of RM151 million from the Sungai Rasau Treatment plant's main contractors i.e. Gamuda Bhd (for Package 1) and Taliworks Corporation Bhd (for Package 2 and 3).
https://www.nst.com.my/business/2022/11/848187/revival-water-infrastructure-projects-boon-engtex
#YTL Power acquiring control of Ranhill Utilities.
It noted that Ranhill Utilities would give YTL Power access to exclusive Johor water operations allowing it to capitalise on prospects from the Johor-Singapore Special Economic Zone and potential demand from Johor’s data centre hubs. Additionally, it said the synergistic expertise in water operations could drive further efficiency of Ranhill Utilities’ Johor water business.
https://themalaysianreserve.com/2024/06/04/ytl-power-acquiring-control-of-ranhill-utilities/
2 weeks ago
Yes! The worst is over as Engtek has completed disposal of Treasury shares yesterday.
Recommendation.
Accumulate on any weakness. I like Icon 888's TP, first TP already achieved next should be within the range of 1.30~1.50?
Icon 888
1st target- rm1.20
2nd target- rm1.30
Final target- rm1.50
Heng ong Huat
2 weeks ago
I also like Kenanga's Buy Call with TP of 1.41. At current price there is a 34 sen upside with proposed 3 for 4 Bonus Issue?
Engtex Group - Proposed 3-for-4 Bonus Issue
Source : KENANGA, Price Call : BUY, Price Target : 1.41
Last Price : 1.07, Upside/Downside : +0.34(31.78%)
2 weeks ago
Jun 12
Engtek is now 23% undervalued as currently trading at only RM1.07.
#The fair value is estimated to be RM1.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
#Revenue has grown by 11% over the last 3 years with profit for 5 consecutive Qtrs with latest Qtr. 1 earning 9.4 million.
#Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 237% in the next 2 years.
Many Sharks who shorted Engtek to flush out weak holders & day traders, wants to buyback your shares cheap! Accumulate Engtek on any weakness as:
Forecast Annual Revenue Growth
Data for Engtex are as follow:
#Earnings vs Savings Rate: ENGTEX's forecast earnings growth (38.7% per year) is above the savings rate (3.6%).
#Earnings vs Market: ENGTEX's earnings (38.7% per year) are forecast to grow faster than the MY market (12.3% per year).
#High Growth Earnings: ENGTEX's earnings are expected to grow significantly over the next 3 years.
#Revenue vs Market: ENGTEX's revenue (6.6% per year) is forecast to grow faster than the MY market (6.1% per year)
2 weeks ago
Good news for Engtex with RM4 Billion allocation by Government for water distribution from Sungei Perak to Penang!
Why Engtex?
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.
https://www.nst.com.my/news/nation/2024/06/1063914/pm-govt-approve-funding-water-distribution-project-bukit-merah-dam
2 weeks ago
More pipes are needed for Perak to Penang Water Transfer Project!
https://www.malaymail.com/news/malaysia/2024/05/30/perak-water-project-penang-ready-with-reservoir-sites-pipes-says-state-infrastructure-chairman/137220
1 week ago
Companies in building material sector deliver improved earnings
Wednesday, 19 Jun 2024
Kenanga Research said stocks under its coverage had either beat or met forecasts.
PETALING JAYA: Companies operating in the building material sector reported a significant improvement in earnings in the recently concluded first quarter 2024 (1Q24) reporting season, according to Kenanga Research.
The research house pointed out that stocks under its coverage had either beat or met forecasts.
“Engtex Group Bhd and United U-Li Corp Bhd met our expectations as they shook off margin suppression from high-cost inventories.”
"Meanwhile, it said water pipe makers are poised for exciting times ahead on the revival of water projects."
https://www.thestar.com.my/business/business-news/2024/06/19/companies-in-building-material-sector-deliver-improved-earningsl
1 week ago
Engtex is Bullish today!
Accumulate on weakness! And let's wait for the next Water & DC Play, once Ranhill Utilities announce more water pipes supply contracts with Engtex for Singapore-Johor Economic Zone & DC Hubs? Association with YTL Power & Ranhill is always a good thing? Also don't forget the RM4 billion allocation by Government for Perak to Penang Water Transfer Project. You need Pipes! Pipes for water distribution and Engtek can supply all as:
#Engtex is the only maker of large-diameter MS pipes of up to three metres in Malaysia, used in upstream water supply projects.
#It is one of only two producers of ductile iron (DI) pipes locally (the other being Penang-based YLI holdings Bhd). Highly corrosion- resistant, DI pipes are widely used in water distribution.
1 week ago
Good news! Buy 4 get 3 Bonus Shares!
Bursa Approves Engtex's Bonus Issue!
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES | https://www.klsescreener.com/v2/announcements/view/7197035
1 week ago
Buy 4 warrants also will get 3 bonus warrants and warrant exercise price will be revised downwards.
1 week ago
More Good News On Engtex Energy, 80% Owned By Engtex Group
Northern Solar seeks listing on GEM
Sinchew Wed, Jun 26, 2024
KUALA LUMPUR (Aug 26): Northern Solar Holdings Bhd has submitted its preliminary prospectus to Bursa Malaysia seeking a listing on the ACE Market .
According to the preliminary prospectus, the company will offer 67.252 million new shares under the initial public offering ( IPO ), of which 19.78 million shares are for application by the Malaysian public, 7.912 million shares are for application by qualified directors, employees and meritorious persons, and 39.56 million new shares are privately placed to specific investors. At the same time, major shareholders also offer 35.604 million existing shares.
The listing offers investors a total of up to 26% of the company's shares.
Northern Solar Holdings' main business is to provide design, procurement, construction and commissioning of photovoltaic systems. The company owns and operates 10 solar photovoltaic systems and another 4 solar photovoltaic systems through its 20%-owned Engtex Energy Sdn Bhd.
Legend Industries (LAGENDA, 7179, Main Board Industrial Group) owns 15% of Northern Solar Energy, and its stake will be reduced to 12.5% after listing. Engtex Group (ENGTEX, 5056, Main Board Industrial Products and Services Group) holds 80% of Engtex Energy.
COMPANY DESCRIPTION
ENGTEX ENERGY SDN. BHD. was incorporated on 2002-07-02 in Malaysia with registration number of 0584923X / 200201017260. ENGTEX ENERGY SDN. BHD.'s business includes SPECIALIST IN SOLAR PHOTOVOLTAICS INDUSTRY, DEVELOP SOLAR ENERGY SYSTEM AND OTHER RENEWABLE ENERGY AND ACQUIRE MOVABLE AND IMMOVABLE PROPERTIES
https://www.businesstoday.com.my/2023/11/14/engtex-increases-stake-in-eesb-to-80-for-more-control/
https://www.sinchew.com.my/news/20240626/finance/5716689
3 days ago
Updated Information Sharing.
Engtex's expansion into Sarawak to operate steel pipes manufacturing activity via acquisition of Variglobal (VGSB) in Kuching will allows Engtex to benefit from Sarawak's RM1.08 billion pipes replacement project?
As announced in Note 5, VGSB (Variglobal) is an investment holding company which owns the Land. The Land shall be leased to a related company of Engtex who has the expertise and resources to operate steel pipes manufacturing activity in Sarawak.
COMPANY DESCRIPTION
#VARIGLOBAL SDN. BHD. was incorporated on 2006-10-18 in Malaysia with registration number of 0750948P / 200601031189.
#VARIGLOBAL SDN. BHD.'s business includes PROPERTY INVESTMENT & INVESTMENT HOLDING
Recommendation.
Accumulate on any weakness as rebound in progress?. I like Icon 888's TP, first TP. 1.20 achieved earlier, next TP should be within the range of 1.30~1.50?
Icon 888
1st target- rm1.20
2nd target- rm1.30
Final target- rm1.50
Heng ong Huat
https://www.klsescreener.com/v2/announcements/view/7198891
https://www.thestar.com.my/business/business-news/2024/04/08/state-allocates-rm108bil-for-water-pipe-upgrade#openShareModal
https://www.nst.com.my/business/corporate/2024/04/1036804/kkb-engineering-gain-sarawaks-rm11bil-water-supply-projects
3 days ago
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4.9 / 5.0
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....
Dehcomic01
Over the past 14 years, the company achieved an average ROE of 8%. This is good considering that the mean ROE of the Bursa steel companies averaged negative 1%.
2023-07-21 08:27