Tepid outlook for construction, property divisions seen for Engtex
Engtex Group Bhd (Nov 23, 90 sen) Downgrade to sell with a lower sum-of-parts (SoP)-derived target price (TP) of 80 sen: Engtex Group Bhd’s third quarter ended Sept 30, 2018 (3QFY18) core profit after tax and minority interests (Patmi) of RM700,000 (quarter-on quarter [q-o-q]: -88.