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ENGTEX (5056) : ENGTEX GROUP BERHAD
zqhuang
Member Star
Posts: 7
Joined: Apr 2013
19 Aug 2013, 11:58 AMPost #1
Sleeping Beauty.....growth counter but seem to lack interest until recent times. Have the potential to at least reach its 2012 NTA of 1.58. Property division now a significant contributor to its profits. 2nd Qtr result due by end of Aug.
zqhuang
Member Star
Posts: 7
Joined: Apr 2013
26 Sep 2013, 04:42 PMPost #2
sleeping beauty awaken
Kanail
Member Star
Posts: 29
Joined: Feb 2021
30 Apr 2021, 05:21 PMPost #3

Now still can pickup. Early stages of moving up.

Kanail
Member Star
Posts: 29
Joined: Feb 2021
30 Apr 2021, 07:52 PMPost #4

Returns will be good, just need to be patient. Buy now below 0.80.

i4value
Member StarMember Star
Posts: 557
Joined: Aug 2020
24 Sep 2024, 08:13 AMPost #5

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?

1

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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