Engtex RM150mil order book provides earnings visibility

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.