Engtex Projected To Enjoy Healthy Quarters As Steel Demand Rises

Engtex Group Bhd (Engtex) reported stronger-than-expected second-quarter FY2026 earnings, driven by recovering steel demand, higher delivery volumes and lower production costs, according to Kenanga Research. Excluding around RM4 million in exceptional items, Engtex’s 2QFY26 core net profit rose 60% quarter-on-quarter and 673% year-on-year to RM16 million. This brought first-half FY2026 core…