Engtex RM150mil order book provides earnings visibility

TheStar Wed, Jun 24, 2020 10:10am - 3 years View Original


JF Apex Securities said said Engtex has pared down operating costs resulting in improvements in operating margin.

PETALING JAYA: Engtex Bhd has an order book of over RM150mil that provides earnings visibility for the next two financial years.

The group has also tendered for contracts worth RM500mil and JF Apex Securities Bhd believes the success rate could be about 40%. That would help replenish its existing order book substantially amid the slowing down in the economy.

The research house said Engtex has pared down operating costs resulting in improvements in operating margin.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

APEX 1.020
ENGTEX 1.030

Comments

Login to comment.