Price Target Changed • May 30
Price target decreased by 10% to RM0.61 Down from RM0.68, the current price target is an average from 2 analysts. New target price is 33% above last closing price of RM0.46. Stock is down 16% over the past year. The company is forecast to post earnings per share of RM0.055 for next year compared to RM0.033 last year. Reported Earnings • May 29
First quarter 2026 earnings released: EPS: RM0.011 (vs RM0.001 in 1Q 2025) First quarter 2026 results: EPS: RM0.011 (up from RM0.001 in 1Q 2025). Revenue: RM322.6m (up 4.0% from 1Q 2025). Net income: RM8.95m (up RM8.55m from 1Q 2025). Profit margin: 2.8% (up from 0.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Trade Distributors industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM395.7m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (RM395.7m market cap, or US$99.7m). Annonce • Apr 29
Engtex Group Berhad, Annual General Meeting, May 28, 2026 Engtex Group Berhad, Annual General Meeting, May 28, 2026, at 11:30 Singapore Standard Time. Location: the orenda 1, 1st floor, mecure selangor selayang, b-g-12, dataran emerald, jalan ps 11, prima selayang, 68100 batu caves, selangor., Malaysia Declared Dividend • Mar 02
Dividend of RM0.006 announced Shareholders will receive a dividend of RM0.006. Ex-date: 11th March 2026 Payment date: 31st March 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 81%. Cash payout ratio: 8%. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: RM0.035 (vs RM0.013 in FY 2024) Full year 2025 results: EPS: RM0.035 (up from RM0.013 in FY 2024). Revenue: RM1.43b (down 1.9% from FY 2024). Net income: RM27.6m (up 167% from FY 2024). Profit margin: 1.9% (up from 0.7% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Trade Distributors industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annonce • Feb 27
Engtex Group Berhad announces Annual dividend, payable on March 31, 2026 Engtex Group Berhad announced Annual dividend of MYR 0.0060 per share payable on March 31, 2026, ex-date on March 11, 2026 and record date on March 12, 2026. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: RM0.005 (vs RM0.002 in 3Q 2024) Third quarter 2025 results: EPS: RM0.005 (up from RM0.002 in 3Q 2024). Revenue: RM404.8m (up 11% from 3Q 2024). Net income: RM4.24m (up 133% from 3Q 2024). Profit margin: 1.0% (up from 0.5% in 3Q 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 84% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM1.47b to RM1.41b. EPS estimate also fell from RM0.0125 per share to RM0.002 per share. Net income forecast to grow 724% next year vs 10% growth forecast for Trade Distributors industry in Malaysia. Consensus price target down from RM0.70 to RM0.67. Share price rose 4.5% to RM0.58 over the past week. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: RM0.004 (vs RM0.002 in 2Q 2024) Second quarter 2025 results: EPS: RM0.004 (up from RM0.002 in 2Q 2024). Revenue: RM344.2m (up 4.6% from 2Q 2024). Net income: RM2.76m (up 72% from 2Q 2024). Profit margin: 0.8% (up from 0.5% in 2Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 29
Consensus EPS estimates fall by 66% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM1.52b to RM1.47b. EPS estimate also fell from RM0.037 per share to RM0.013 per share. Net income forecast to grow 1,301% next year vs 3.0% growth forecast for Trade Distributors industry in Malaysia. Consensus price target down from RM0.80 to RM0.70. Share price rose 5.0% to RM0.53 over the past week. Price Target Changed • May 24
Price target decreased by 12% to RM0.70 Down from RM0.80, the current price target is an average from 2 analysts. New target price is 40% above last closing price of RM0.50. Stock is down 21% over the past year. The company is forecast to post earnings per share of RM0.013 for next year compared to RM0.013 last year. New Risk • May 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.1% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (RM400.6m market cap, or US$94.2m). Reported Earnings • Apr 24
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.013 (in line with FY 2023). Revenue: RM1.46b (flat on FY 2023). Net income: RM10.3m (up 2.1% from FY 2023). Profit margin: 0.7% (in line with FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Trade Distributors industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Annonce • Apr 22
Engtex Group Berhad, Annual General Meeting, May 22, 2025 Engtex Group Berhad, Annual General Meeting, May 22, 2025, at 11:30 Singapore Standard Time. Location: the orenda 1, 1st floor, mercure selangor selayang, b-g-12, dataran emerald, jalan ps 11, prima selayang, 68100 batu caves, selangor darul ehsan, Malaysia New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (RM372.9m market cap, or US$83.2m). Major Estimate Revision • Mar 28
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM1.56b to RM1.52b. EPS estimate also fell from RM0.049 per share to RM0.037 per share. Net income forecast to grow 129% next year vs 3.0% growth forecast for Trade Distributors industry in Malaysia. Consensus price target down from RM0.83 to RM0.80. Share price was steady at RM0.49 over the past week. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.014 (vs RM0.013 in FY 2023) Full year 2024 results: EPS: RM0.014 (up from RM0.013 in FY 2023). Revenue: RM1.46b (flat on FY 2023). Net income: RM10.8m (up 6.2% from FY 2023). Profit margin: 0.7% (in line with FY 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Jan 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM444.8m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Market cap is less than US$100m (RM444.8m market cap, or US$99.8m). Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 68% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM1.56b to RM1.49b. EPS estimate also fell from RM0.052 per share to RM0.017 per share. Net income forecast to grow 143% next year vs 14% growth forecast for Trade Distributors industry in Malaysia. Consensus price target down from RM0.90 to RM0.83. Share price rose 2.7% to RM0.58 over the past week. Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: RM0.002 (vs RM0.004 in 3Q 2023) Third quarter 2024 results: EPS: RM0.002 (down from RM0.004 in 3Q 2023). Revenue: RM364.6m (down 2.3% from 3Q 2023). Net income: RM1.82m (down 43% from 3Q 2023). Profit margin: 0.5% (down from 0.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. New Risk • Sep 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Major Estimate Revision • Sep 07
Consensus EPS estimates increase by 39% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from RM0.037 to RM0.052. Revenue forecast unchanged at RM1.56b. Net income forecast to grow 183% next year vs 18% growth forecast for Trade Distributors industry in Malaysia. Consensus price target of RM0.90 unchanged from last update. Share price fell 7.2% to RM0.58 over the past week. Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from RM0.053 to RM0.037. Revenue forecast unchanged from RM1.52b at last update. Net income forecast to grow 172% next year vs 17% growth forecast for Trade Distributors industry in Malaysia. Consensus price target up from RM0.73 to RM0.90. Share price fell 2.4% to RM0.62 over the past week. Price Target Changed • Aug 28
Price target increased by 23% to RM0.90 Up from RM0.73, the current price target is an average from 2 analysts. New target price is 43% above last closing price of RM0.63. Stock is up 84% over the past year. The company is forecast to post earnings per share of RM0.037 for next year compared to RM0.013 last year. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: RM0.004 (vs RM0.002 in 2Q 2023) Second quarter 2024 results: EPS: RM0.004. Revenue: RM329.2m (down 5.6% from 2Q 2023). Net income: RM1.60m (down 3.1% from 2Q 2023). Profit margin: 0.5% (in line with 2Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Trade Distributors industry in Asia. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM1.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Trade Distributors industry in Asia. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.80 per share. Buy Or Sell Opportunity • Jun 29
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to RM1.06. The fair value is estimated to be RM1.35, 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. Earnings per share has declined by 51%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 237% in the next 2 years. New Risk • Jun 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM465.5m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (RM465.5m market cap, or US$98.8m). Buy Or Sell Opportunity • Jun 12
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at 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. Earnings per share has declined by 51%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 237% in the next 2 years. New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Annonce • May 24
Engtex Group Berhad Approves Final Dividend for the Financial Year Ended December 31, 2023 The Board of Directors of Engtex Group Berhad approved a final single tier dividend of 0.75 sen per share for the year ended 31 December 2023, at the AGM to be held on May 23, 2024. Annonce • May 15
Engtex Group Berhad Announces Resignation of Teh Chee Ghee as Chief Operating Officer Engtex Group Berhad announced resignation of Teh Chee Ghee as Chief Operating Officer. Age: 57. Nationality: Malaysia. Date of change: 14 May 2024. Reason: Completion of contract of service. Reported Earnings • Apr 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: RM0.023 (down from RM0.075 in FY 2022). Revenue: RM1.47b (up 1.8% from FY 2022). Net income: RM10.1m (down 69% from FY 2022). Profit margin: 0.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Trade Distributors industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Apr 24
Engtex Group Berhad, Annual General Meeting, May 23, 2024 Engtex Group Berhad, Annual General Meeting, May 23, 2024, at 11:30 Singapore Standard Time. Location: The Ballroom, 2nd Floor, Mercure Selangor Selayang, B-G-12 Dataran Emerald Jalan PS 11, Prima Selayang, 68100,Batu Caves SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to approve a final single tier dividend of ordinary share for the financial year ended 31 December 2023; to approve the payment of Directors' fees and benefits; to consider re-election of directors; to re-appoint Messrs KPMG PLT as Auditors of the Company to hold office until the conclusion of the next AGM and to authorize the Directors to fix their remuneration; to consider authority to Issue Shares; and to consider other matters. Annonce • Mar 01
Engtex Group Berhad Proposes Final Dividend for the Financial Year Ended December 31, 2023 The Board of Directors of Engtex Group Berhad proposed a final single tier dividend of 0.75 sen per share totalling MYR 3,310,296 for the year ended 31 December 2023. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: RM0.023 (vs RM0.075 in FY 2022) Full year 2023 results: EPS: RM0.023 (down from RM0.075 in FY 2022). Revenue: RM1.47b (up 1.8% from FY 2022). Net income: RM10.1m (down 69% from FY 2022). Profit margin: 0.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Trade Distributors industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Price Target Changed • Nov 24
Price target increased by 12% to RM0.68 Up from RM0.60, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM0.69. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of RM0.029 for next year compared to RM0.075 last year. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0.007 (vs RM0.012 in 3Q 2022) Third quarter 2023 results: EPS: RM0.007 (down from RM0.012 in 3Q 2022). Revenue: RM373.1m (up 6.2% from 3Q 2022). Net income: RM3.19m (down 41% from 3Q 2022). Profit margin: 0.9% (down from 1.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Major Estimate Revision • Oct 05
Consensus EPS estimates increase by 40% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from RM0.029 to RM0.04. Revenue forecast unchanged at RM1.47b. Net income forecast to grow 393% next year vs 18% growth forecast for Trade Distributors industry in Malaysia. Consensus price target of RM0.58 unchanged from last update. Share price rose 4.0% to RM0.65 over the past week. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.004 (vs RM0.035 in 2Q 2022) Second quarter 2023 results: EPS: RM0.004 (down from RM0.035 in 2Q 2022). Revenue: RM348.6m (down 6.0% from 2Q 2022). Net income: RM1.66m (down 89% from 2Q 2022). Profit margin: 0.5% (down from 4.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Trade Distributors industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 01
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from RM0.123 to RM0.095 per share. Revenue forecast steady at RM1.45b. Net income forecast to grow 141% next year vs 2.3% decline forecast for Trade Distributors industry in Malaysia. Consensus price target down from RM0.69 to RM0.60. Share price was steady at RM0.59 over the past week. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: RM0.009 (vs RM0.042 in 1Q 2022) First quarter 2023 results: EPS: RM0.009 (down from RM0.042 in 1Q 2022). Revenue: RM377.9m (up 1.9% from 1Q 2022). Net income: RM3.76m (down 79% from 1Q 2022). Profit margin: 1.0% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Trade Distributors industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • May 26
Engtex Group Berhad Approves Final Dividend for the Financial Year Ended 31 December 2022 Engtex Group Berhad announced that at the AGM was held on 25 May 2023, the company approved a final dividend for the financial year ended 31 December 2022 via share dividend distribution on the basis of 1 treasury share for every 50 existing ordinary shares held. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: RM0.075 (vs RM0.18 in FY 2021) Full year 2022 results: EPS: RM0.075 (down from RM0.18 in FY 2021). Revenue: RM1.44b (up 23% from FY 2021). Net income: RM32.4m (down 59% from FY 2021). Profit margin: 2.2% (down from 6.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in Malaysia are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Feb 03
Engtex Group Berhad (KLSE:ENGTEX) acquired 51% stake in Leading Wonder Sdn. Bhd.from Beh Hock Seng and Leong Chee Seong for MYR 0.06 million. Engtex Group Berhad (KLSE:ENGTEX) acquired 51% stake in Leading Wonder Sdn. Bhd. from Beh Hock Seng and Leong Chee Seong for MYR 0.06 million on February 2, 2023. The balance 49% is held by Northern Solar Sdn. Bhd. The Acquisition is not subject to the approval of the shareholders and the relevant authorities.
Engtex Group Berhad (KLSE:ENGTEX) completed the acqusiition of 51% stake in Leading Wonder Sdn. Bhd. from Beh Hock Seng and Leong Chee Seong on February 2, 2023. Reported Earnings • Nov 25
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: RM351.2m (up 47% from 3Q 2021). Net income: RM5.42m (down 69% from 3Q 2021). Profit margin: 1.5% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.1% growth forecast for the Trade Distributors industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Leanne Koh was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0.035 (vs RM0.029 in 2Q 2021) Second quarter 2022 results: EPS: RM0.035 (up from RM0.029 in 2Q 2021). Revenue: RM370.7m (up 54% from 2Q 2021). Net income: RM15.2m (up 21% from 2Q 2021). Profit margin: 4.1% (down from 5.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Aug 26
Engtex Group Berhad Appoints Ng Koi Lin as Executive Director Engtex Group Berhad announced the appointment of Miss. Ng Koi Lin as Executive Director, effective from 25 August 2022. Ms. Ng Koi Lin started her career with KPMG Kuala Lumpur as an Associate in Internal Audit, Risk & Compliance Services ("IARCS") division upon graduation in 2011. At KPMG IARCS, she was involved in risk-based internal audit assignments, enterprise risk management assessment and cost improvement reviews, assisting numerous clients, comprising mainly public listed companies, to optimize their risk management, controls and governance processes. She left KPMG in June 2016 and joined Engtex Sdn. Berhad ("the Company") in August 2016 as Business Operations Manager. In April 2019, she was promoted to Personal Assistant ("PA") to the Group Managing Director ("GMD") where she assists the GMD in management duties as well as overseeing the operations of Hospitality Division. In May 2022, she assumed the position of Chief Sustainability Officer to drive the Environmental, Social and Governance ("ESG") initiatives of Engtex Group Berhad and its subsidiaries going forward. She has been with the Company in the past six (6) years. Upcoming Dividend • Jun 07
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Malaysian dividend payers (4.6%). Lower than average of industry peers (2.4%). Reported Earnings • May 28
First quarter 2022 earnings released: EPS: RM0.042 (vs RM0.048 in 1Q 2021) First quarter 2022 results: EPS: RM0.042 (down from RM0.048 in 1Q 2021). Revenue: RM370.9m (up 14% from 1Q 2021). Net income: RM18.2m (down 13% from 1Q 2021). Profit margin: 4.9% (down from 6.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • May 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Leanne Koh was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 27
Engtex Group Berhad Announces Single Tier Final Dividend for the Financial Year Ended 31 December 2021, Payable on 01 July 2022 Engtex Group Berhad announced Single Tier final dividend of 1.0 sen per ordinary share for the financial year ended 31 December 2021, payable on 01 July 2022. Ex-Date is 14 June 2022 and Entitlement date 15 June 2022. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: RM0.17 (up from RM0.035 in FY 2020). Revenue: RM1.17b (up 19% from FY 2020). Net income: RM76.0m (up 392% from FY 2020). Profit margin: 6.5% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annonce • Feb 16
Engtex Group Berhad Appoints Teh Chee Ghee as Chief Operating Office Engtex Group Berhad announced the appointment of Teh Chee Ghee as Chief Operating Officer. Date of change is 15 Feb. 2022. Reported Earnings • Nov 26
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: RM0.04 (up from RM0.021 in 3Q 2020). Revenue: RM238.9m (down 17% from 3Q 2020). Net income: RM17.6m (up 89% from 3Q 2020). Profit margin: 7.4% (up from 3.2% in 3Q 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.4%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS RM0.029 (vs RM0.017 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM241.5m (up 75% from 2Q 2020). Net income: RM12.5m (up RM19.9m from 2Q 2020). Profit margin: 5.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Executive Departure • Jun 04
Independent Non-Executive Chairman & Senior Independent Director Chee Teh has left the company On the 27th of May, Chee Teh's tenure as Independent Non-Executive Chairman & Senior Independent Director ended after 12.4 years in the role. We don't have any record of a personal shareholding under Chee's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 13.33 years. Reported Earnings • May 30
First quarter 2021 earnings released: EPS RM0.048 (vs RM0.006 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM324.7m (up 33% from 1Q 2020). Net income: RM20.8m (up RM18.3m from 1Q 2020). Profit margin: 6.4% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS RM0.035 (vs RM0.002 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM989.6m (down 11% from FY 2019). Net income: RM15.4m (up RM16.2m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations Revenue exceeded analyst estimates by 3.4%. Annonce • Feb 26
Engtex Group Berhad has announced a Derivatives Offering. Engtex Group Berhad has announced a Derivatives Offering.
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 110,829,825
Transaction Features: Rights Offering Is New 90 Day High Low • Dec 28
New 90-day high: RM0.76 The company is up 62% from its price of RM0.47 on 29 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.26 per share. Is New 90 Day High Low • Nov 30
New 90-day high: RM0.54 The company is up 7.0% from its price of RM0.51 on 01 September 2020. The Malaysian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.23 per share. Price Target Changed • Nov 27
Price target raised to RM0.65 Up from RM0.56, the current price target is an average from 2 analysts. The new target price is 30% above the current share price of RM0.50. As of last close, the stock is down 12% over the past year. Reported Earnings • Nov 27
Third quarter 2020 earnings released: EPS RM0.021 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: RM289.4m (down 3.4% from 3Q 2019). Net income: RM9.32m (up RM8.21m from 3Q 2019). Profit margin: 3.2% (up from 0.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 116% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 30
New 90-day low: RM0.45 The company is down 13% from its price of RM0.51 on 30 July 2020. The Malaysian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.23 per share. Is New 90 Day High Low • Oct 05
New 90-day low: RM0.46 The company is down 13% from its price of RM0.53 on 07 July 2020. The Malaysian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.23 per share.