Mega water projects bode well for Engtex Group

CGSI Research said the rollout of mega water projects and a potential water tariff hike for the second consecutive year are key re-rating catalysts.

PETALING JAYA: Engtex Group Bhd may see meaningful earnings recovery in the financial year 2025 (FY25) on the back of local sourcing of hot-rolled coil (HRC), stabilising steel prices and a pick-up in orders.

Beyond this, CGS International (CGSI) Research said the rollout of mega water projects and a potential water tariff hike for the second consecutive year are key re-rating catalysts and anchor FY26 earnings.