Bumiputra ACE company EA Holdings Berhad (EAH), which had just completed the acquisition of Murasaki Technology Sdn Bhd late last month, is still looking for additional acquisitions to broaden its earnings base.
“EAH is aiming to become a world class service-oriented company. Hence it is currently looking at other companies which are project management consultancy specialists in lucrative industries such as oil and gas, as well as construction and development,” said a source when contacted by Business Times.
“It is looking particularly for acquisitions with high margins.”
Business Times understands EAH has already shortlisted a few companies and are currently in the midst of negotiations.
“EAH’s contract with LHDN last year amounting to RM71 million (RM59 million and RM12 million) not only strengthened EAH’s fundamentals but have opened doors with other GLCs and government agencies – more so since EAH is one of very few total end-to-end solutions providers in Malaysia,” said the source.
“Last year, EAH announced its strongest year of revenue and profits and CEO Sobri Saad and team intends to build upon it while broadening the group’s earnings base,” added the source.
EAH was one of the most active counters traded last week with total volume of 350 million shares traded. It closed at 17 sen last Friday after touching a high of 18 sen last week, its highest level in two years.
“EAH has a proven track record of creating value for shareholders,” said the source.
“The attention and public positive sentiment toward EAH currently could be due to the company’s bright prospects ahead, coupled with its low PE ratio when compared to other ACE counters.”
Sobri declined comment when contacted by Business Times, only saying that “appropriate announcements would be made to Bursa as and when developments happen”.
For two consecutive years in 2011 and 2012, EAH made it to Forbes Asia’s 200 Best Under A Billion List of companies within the Asia-Pacific region
Stock: [EAH]: EA HOLDINGS BERHAD
2014-11-29 20:40 | Report Abuse
Bumiputra ACE company EA Holdings Berhad (EAH), which had just completed the acquisition of Murasaki Technology Sdn Bhd late last month, is still looking for additional acquisitions to broaden its earnings base.
“EAH is aiming to become a world class service-oriented company. Hence it is currently looking at other companies which are project management consultancy specialists in lucrative industries such as oil and gas, as well as construction and development,” said a source when contacted by Business Times.
“It is looking particularly for acquisitions with high margins.”
Business Times understands EAH has already shortlisted a few companies and are currently in the midst of negotiations.
“EAH’s contract with LHDN last year amounting to RM71 million (RM59 million and RM12 million) not only strengthened EAH’s fundamentals but have opened doors with other GLCs and government agencies – more so since EAH is one of very few total end-to-end solutions providers in Malaysia,” said the source.
“Last year, EAH announced its strongest year of revenue and profits and CEO Sobri Saad and team intends to build upon it while broadening the group’s earnings base,” added the source.
EAH was one of the most active counters traded last week with total volume of 350 million shares traded. It closed at 17 sen last Friday after touching a high of 18 sen last week, its highest level in two years.
“EAH has a proven track record of creating value for shareholders,” said the source.
“The attention and public positive sentiment toward EAH currently could be due to the company’s bright prospects ahead, coupled with its low PE ratio when compared to other ACE counters.”
Sobri declined comment when contacted by Business Times, only saying that “appropriate announcements would be made to Bursa as and when developments happen”.
For two consecutive years in 2011 and 2012, EAH made it to Forbes Asia’s 200 Best Under A Billion List of companies within the Asia-Pacific region