ENGTEX GROUP BHD (ENGTEX)

Company Profile: ENGTEX GROUP BHD (5056)

ENGTEX Group Berhad is far more than a pipe distributor. It is Malaysia's leading water infrastructure company - positioned at the heart of the government's ambitious plan to tackle the country's Non-Revenue Water (NRW) crisis, which stood at 36% in 2021 with a national target to bring it down to 15% by 2049.

Listed on the Main Market of Bursa Malaysia, ENGTEX records annual revenue exceeding RM1.4 billion and operates through four business segments:

Major Capital Event: 3-for-4 Bonus Issue (2024)

Investors tracking ENGTEX will have noticed that NAPS (Net Asset Per Share) appeared to drop sharply from RM1.89 to RM1.07 between Q2 and Q3 2024. This was not a destruction of value - it was the result of a 3-for-4 bonus issue announced in June 2024 and effective August 2024.

Simply put: for every 4 shares held, shareholders received 3 free bonus shares. A total of up to 414.3 million new shares were issued. As a result, NAPS and EPS figures were recalculated on the larger share base - figures before and after August 2024 are not directly comparable without adjustment.

Shariah Compliance

✅ ENGTEX GROUP BHD is a Shariah-compliant stock verified by the Securities Commission Malaysia's Shariah Advisory Council.

Key Subsidiaries

• Engtex Sdn Bhd - wholesale & distribution
• Engtex Steel Pipe Sdn Bhd - steel pipe manufacturing
• Engtex Ductile Iron Pipe Industry Sdn Bhd - ductile iron pipe manufacturing
• Englen Manufacturing Sdn Bhd (40% stake, acquired 2024)
• Englen Metals Sdn Bhd (40% stake, acquired 2024)
• Engtex Energy Sdn Bhd - renewable energy ventures

In 2024, ENGTEX acquired 40% equity stakes in Englen Manufacturing and Englen Metals from Lee Wee Kok for RM2.65 million, strengthening its position in the steel products value chain.

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