Announced Date Change Type Shares Name 02 Apr 2021 01 Apr 2021 Disposed 5,951,333 DATO' LIM CHEE KHOON 11 Mar 2021 10 Mar 2021 Disposed 39,675,554 RDS PROPERTIES SDN. BHD. 11 Mar 2021 10 Mar 2021 Disposed 39,675,554 MR KAM CHOO KENG 11 Mar 2021 10 Mar 2021 Disposed 39,675,554 DATO' YONG HOW CHOONG 11 Mar 2021 10 Mar 2021 Disposed 39,675,554 SCLAND HOLDINGS SDN. BHD. 10 Mar 2021 10 Mar 2021 Disposed 39,675,554 MR ANG LOO LEONG 10 Mar 2021 10 Mar 2021 Acquired 5,237,173 MR ANG LOO LEONG 10 Mar 2021 10 Mar 2021 Disposed 39,675,554 MR ANG LOO LEONG 10 Mar 2021 10 Mar 2021 Disposed 39,675,554 DATO' ENG KIM LIONG 10 Mar 2021 10 Mar 2021 Acquired 11,902,666 DATO' ENG KIM LIONG 10 Mar 2021 10 Mar 2021 Disposed 39,675,554 DATO' ENG KIM LIONG 10 Mar 2021 10 Mar 2021 Disposed 39,675,554 DATO' LIM CHEE KHOON 10 Mar 2021 10 Mar 2021 Disposed 39,675,554 STANDOUT SUCCESS SDN. BHD. 10 Mar 2021 10 Mar 2021 Disposed 39,675,554 SCLAND SDN. BHD.
CGS-CIMB Research believes that EITA Resources Bhd deserves a better valuation as the elevator and escalator maker aims to enhance its overseas revenue.
The research house reiterated its "buy" call on the stock and raised its post-bonus issue target price to RM2.08 from RM2.06.
The target price of RM2.08 values the stock at 20 times CY22F P/E (from 10.5 times) which CGS-CIMB said is at about a 30% discount to the global elevator makers’ weighted average 12-month forward P/E of 31 times.
CGS-CIMB’s analyst Kamarul Anwar pointed out that EITA’s net cash rose from RM11.9 million at end-FY9/13 to RM41.2 million at end-FY9/20.
“We also raise our FY9/21-23F net profit forecasts by 4-10% as the company assures us that its operations are not disrupted by the partial lockdowns due to Covid-19,” he said in a note today.
“Earnings from its elevator construction segments should also accelerate as many of the projects in hand are in advanced stages,” he added.
Kamarul also shared that the elevator and escalator maker had disclosed its aspiration of raising its revenue from RM284.1 million in FY9/20 to RM1 billion per annum (p.a.) by FY25 during a conference call last month (Jan 29).
During the session, the group also noted that it is aiming for revenue to grow by over 252% in five years, bringing revenue compound annual growth rate (CAGR) to 28.6%.
Nevertheless, Kamarul said CGS-CIMB is not adopting EITA’s internal ambition as guidance for his forecasts.
“It (EITA) envisions that a sizeable part of the hypothetical RM1 billion per annum revenue would come from mergers and acquisitions (M&As). Without more details, the impact of acquisitions is not something we can forecast,” Kamarul said.
“Besides, EITA’s plans to aggressively grow its overseas operations would require the company to compete directly with established global elevator players. East Asia has become the Mecca for global elevator and escalator manufacturers since this developing region is looking towards high-rise buildings as an economical solution to house the rapidly increasing population. One risk from the stiff competition, we foresee, is it may stifle the group’s plan to build up its overseas revenue,” he added.
He noted that the potential re-rating catalysts include earnings-accretive M&As, new infrastructure-related contract wins and rousing growth in overseas sales. Meanwhile, a total economic lockdown is a downside risk for the stock, he added.
At the time of writing, EITA’s stock was down 3.48% or four sen to RM 1.11. ======================================+===
Remarks
1. CGS - CIMB Bank/ Research Target Price RM 2.08
2. See _Research Target Price RM 1.80 17/04/2021 7:42 PM
To : liewkamchong888/ See_ research, =============================================
On technical strength level
1 to 10 1 denote the weakest 10 denote the strongest
============================================= (i) Alcom= 8 (ii) EITA =6.5 (iii) EITA WA =6 (iv) A rank =5.5 (v) Press Metal =9 (vi) PM B Technology=8.5
For real investors, To buy, To add, with serious consideration ========================================= Alcom /2674
Summary of technical analysis done for quick reference ==========================================
A. 24 February 2021, RM 0.65/ Low RM 0.81 / High Closed RM 0.73
B. 4 trading days, consolidation, From 2 March to 8 March 2021
C. 9 March 2021, Closed RM 0.60
D. To 11 March 2021 Closed RM 0.69
E. To 25 March 2021, 11 trading days, closed RM 0.81
F. From 25 March 2021, 5 trading days consolidation.
G. From 2 April 2021, closed RM 0.72 to 12 April 2021 = 6 trading days uptrend, 12 April 2021 =RM1. 07/ closed
H. From 12 April 2021 /RM 1.07 to 14 April 2021 / Closed RM 1.22
14 April 2021, Low RM 1.05 High RM 1.25 Closed :RM 1.22
I. From 14 April 2021, consolidate for 4 trading days,
REMARKS Latest day, for upwards prices by 21 April 2021 /Wednesday,
Will surge upwards, to target price RM 1.50 RM 1.60, band with 6 trading days to 29 April 2021. ================================+=========== Special Highlights A. Must close above RM 1.26 for the new uptrend, with strong continued buyings orders to RM 1.50
To :liewkamchong888 Is alcom in collection mode ? What price is safe to enter ? See-research, your valued opinion or comment. 16/04/2021 11:06 AM
=================================== =======
For real investors ONLY
===================================== For Alcom, you are right on collection mode, for a new beginning from RM 1.00 to RM 1.50- mid term.
After reaching RM 1.50, the next resistance is RM 1.59 level, which will be strong resistance Then on the journey ahead to visit RM 2.32 ==========================================
April 2021
Technical chart, analysis Low of the days, from this week 1. 12/ Monday /RM0. 905 1.1 13/Tuesday /RM 0.99 1.2 14 /Wednesday /RM 1.05 1.3 15 / Thursday /RM 1.14 1.4 16 / Friday / as at 12.30pm /RM 1.13
It is a new launching pad for this stock,
IMPORTANT POINTS
2. MAKING THE DAYS LOW IS HIGHER, Meaning higher low for this week from 12 April 2021
THE WELL SUPPORT LEVELS ARE RM 1.13 Pls refer on 15, 16 April 2021 Price for serious consideration in to buy to buy, to buy, to add will be one bit - lower RM 1.12/ RM 1.13 / RM 1.14
To : clementw Aluminum Futures - (MALTRc1) Real investors - - - Alcom Real-time derived
Create Alert Add to Portfolio 2,364.50 +51.25 +2.22%
Today Fly
============================================== Technical chart 1. When the prices challenge the current high, RM 1.25 and cross confidently, this is the second attempt to cross RM1. 25, (for references, most of the challenges to cross the current high, by 3 rd attempt, the said share will mount with greater power to cross, when cross, it is call a break out) it will be the right path of positive trajectory, upwards to RM 1.50, with resistance RM 1.59.
Just be patient for those investors who can wait at RM 1.50 level, you will be able to achieve huge gains.
The above WhatsApp picture showing, Alcom is in the process of forming a cup and handle, with the next target price of RM 1.50, Strong resistance RM 1.59 to RM 1.62
Alcom /2674 1. From the coming week, from 26 April 2021, Monday onwards, it has an opportunity window at RM 1.25, RM 1.26 for buy consideration, Do not start chasing above RM 1.30 levels.
2. For long term investors of Jaks, it will be good to sell some of Jaks investments, Reasons :as from 01 January 2021 to 23 April 2021, the share prices are not moving upwards, even the 2 coal fired power plants are in commercial operations, meaning these 2 coal fired plants in Hai Duong, Vietnam Already producing continuously electricity to the Vietnam users but the share prices are not exhibiting in the positive direction, instead from RM 0.90 to RM 0.58 level, it will be a serious consideration to sell some of Jaks and buy into Alcom /2674 immediately, in KLSE market opening - 26 April 2021 around RM 1.25, RM 1.26 level and in short term when Alcom reaching the target price RM 1.50,
Can consider to take profit, By so doing you can take advantage of Alcom uptrend ride, then you can consider to buy Jaks at RM 0.58 to RM 0.62 levels, if you so choose to buy Jaks again.
Remarks It is morally not correct to disclose the actual reasons on Jaks current situations, the actual reasons why the prices have not moved in positive trends, which the prices should. Instead the prices are in downwards drifts. My reasons of not further disclosures on the actual reasons, are morally concluded, when further announce, it can create further selling activities, that are detrimental to the said share prices.
a. pls list your contact number --? messenger.i3investor.com
b. shall communicate with you directly, and will share with you another big gainer stock like Alcom
c. Alcom, great discovery at RM 0.56 / 16 Feb 2021 to RM 0.65 ,(bought ) but nobody at that time , not even good friends even follow to buy very cheap at that time .
d. just wait for short period , another 9 trading days , your financial rewards will be bountiful.
Pertaining to the issue above, KYY has always stressed the principle of 2 consecutive QR in reported higher profit. Lately, he seems to buy by just looking at demands. Is he confusing people or he is confused himself?
See research is really give a good explanation and analysis on Alcom and also Eita. Anyone need to understand more can pm him and he will contact with you very soon. Dont miss the chance, monday will collect more on this counter
based on the lastest QR of Alcom, the segment that contributed to the profit is property development, not mfg of aluminium product segment. Instead, the mfg segment recorded losses.
U understand why more profit can be made when input raw material prices move up ah ??
1.Suppose Raw material prices move up 50%....a company holding Rm 100m inventory will buta buta make extra rm 50m mah...!!
2. Just say the company normal profit margin is 10%....if the selling price is Rm 100....the company will make Rm 10.00 loh! Suppose the selling price is increase to Rm 150 & still maintain 10% margin...that will mean the company will make rm 15 which is higher mah!
is really give a good explanation and analysis on Alcom and also Eita. Anyone need to understand more can pm him and he will contact with you very soon. Dont miss the chance, monday will collect more on this counter 24/04/2021 6:32 PM ,========================================= Reply to hayato03 To :all REAL INVESTORS OF Alcom /2674
Technical Chart Analysis 1. From 24 February 2021 to 10 March 2021, Closed RM 0.67 A cup - - formed
2. From 11 March 2021 to 25 March 2021, Closed RM 0.81 A handle (higher) - - formed
3. From 25 March 2021 to 8 April 2021 / Closed RM 0.785 A cup - - formed
4. From 9 April 2021, Opening RM 0.80 (gap up in the opening of RM 0.02)with closed RM 0.89
To 14 April 2021, 4 trading days to forming a long bullish pole with flag Closed RM 1.22
5. The positive flag from 15 April 2021 to 23 April 2021 (7 trading days) exhibiting on the breakout price RM 1.25, REMARKS SEE_RESEARCH MENTIONED MANY TIMES, PLEASE CHECK ON EARLIER POSTS, EXAMPLE (i) 6.34pm, 19 April 2021 (ii) 8.29 am, 22 April 2021 [before the KLSE OPENS] (iii) 6.24 am, 24 April 2021 [ before the KLSE OPENS]
(iv) 9.30am, 24 April 2021 [ before the KLSE OPENS FOR 26 April 2021, Monday]
Again, for those investors who do not understand fully on technical charts, (a) the current resistance is RM 1.25, Upon crossing of this resistance RM 1.25, it is termed as positive breakout
(b) most of the times, it will form a long pole again, on the uptrend mode to Mid term Target Price RM 1.59 to RM 1.62
R/RM 1.59
(c) See_research spotted this early GEM, in February, early March 2021, Example 2 March 2021 - closed RM 0.565 (bought RM 0.56 to RM 0.65) BUT NOBODY AT THAT TIME, NOT EVEN GOOD FRIENDS BOUGHT EVEN FOLLOW TO BUY AT THAT TIME,
ONLY ONE CLOSE RELATIVE BOUGHT AT RM 0.61 and sold out early at RM 0.69
++++++++++++++++++++++++++++++++++++++++++ Remarks (i) it will not be the first time of not understanding to buy at RM 0.56 to RM 0.65,
(ii) it will not be the second time of not understanding to buy at RM 0.86 level (Pls see recent posts -11.49 am, 9 April 2021) Results : very little amount of people believed and become investors)
(iii) liewkamchong888 - - After reading on SEE - Research posts, bought
It was mentioned in his post 1.47pm, 9 April 2021,
This person bought in the morning of 9 April 2021, prices were around RM 0.80 to RM 0.85, is it a good buy? You can answer, quietly or loudly
At that time - 9 April 2021 Many comments from my close friends, Should have follow liewkamchong888, There are also many of you out there looking, looking? looking???
(iv) Yahoo128, commented SEE_Research, I must say this, your projections and analysis on Alcom is damn awesome I do think your mid term projection may come true. This sector is in play and RM 1.50 should not be an issue. Tks a million Reported 7.05 pm, 14 April 2021
(v) paultheoct, Bought, Added on Alcom, Reported 12.55pm, 17 April 2021
(vii) hayato 03 Hight light the remarks "hayato03 See research is really give a good explanation and analysis on Alcom and also Eita. Anyone need to understand more can pm him and he will contact with you very soon. Dont miss the chance, monday"
Now, 11.00am, 25 April 2021, more believers on Alcom /2674,
SEE_Research, mentioned Alcom /2674 At that time end February 2021, early March 2021, At that time, BUT AT LOW PRICES ON RM 0.56 to RM 0.65, Nobody believed ____?
In the short period, When it arrives at RM 1.50 level, More would be investors who have great interest in this stock, will be asking for the entry prices.
More, more would be investors who have gigantic interest in this stock, will be asking for the entry prices.
I agree with your analysis. The home electrical appliances industry is a good example of higher selling prices translating to higher margins. Principals like Fiamma and Khind import almost all of their products from China. With a sudden boom in China from around Q2 2020, container freight charges shot up by ten times and manufacturers also increased prices. All the the home appliances importers in Malaysia increased their prices. Instead of having lower sales and profitability, Fiamma and Khind are reporting record breaking financial results.
Posted by paultheoct > Apr 25, 2021 11:12 AM | Report Abuse
Stockraider:
I agree with your analysis. The home electrical appliances industry is a good example of higher selling prices translating to higher margins. Principals like Fiamma and Khind imports almost all of their products from China. With a sudden boom in China from around Q2 2020, container freight charges shot up by ten times and manufacturers also increased prices. All the the home appliances importers in Malaysia increased their prices. Instead of having lower sales and profitability, Fiamma and Khind are recording breaking financial results.
For 26 February 2021 onwards, for serious buyers Pls buy Pls add
when the window of opportunities still open , in early morning , as the KLSE opens at 9.00 am , 26 April 2021, pls do not chase above RM 1.30
(i) short term target price RM 1.50
(ii) mid term target price RM 2.32 / old high
Technical Chart Alreadly , this share form a long flag pole , with bullish flag , breakout is RM1.25 , with strong surge in volume , follow by a few daily sessions , bull flags are among the most reliable and effective pattern .when display.
Thanks for your updates. I've top-up around 1.15. Will try not to buy beyond 1.30 (sometimes kept chasing) 25/04/2021 11:23 AM
===================================≠======
1. Good to hear from you, that you are honest to mentioned 2 points, 1.1 add on RM 1.15, good for you
1.2 sometimes, can chase beyond RM 1.30
For real investors To buy To add 2. Pls initiate the buy orders in the early morning, 9.00 am, 26 April 2021 Monday
Technical chart 2.1 This share will surge strongly in prices,with increasing trades volume, for 3 daily sessions to create new high for 2021.
Some of the would be investors will be looking, looking, looking with surprises on the spike on the uptrend mode, not following
hayato03 paultheoct liewkamchong888 and other investors,
You will not the one to miss on this strong run up to short term Target Price RM 1.50? Do not be the one to kick yourself, upon sighting on the numerous reminders. Pls do not chase beyond RM 1.30
On technical strength level, as per 9.00am 26 April 2021
1 to 10 1 denote the weakest 10 denote the strongest
=============================================
For references, in order to understand so that can be a good guide in buying and selling purposes only
(i) Alcom= 8.5 (ii) EITA =6.5 (iii) EITA WA =6 (iv) A rank =5.5 (v) Press Metal =9 (vi) PMB Technology=8.5
The cloak is ticking near to 9.00 am, 26 April 2021 Monday
Will you be the one being left out, in Alcom And start kicking on yourself After end 5.00 pm of 26 April 2021, As there are numerous reminders to buy, As there are numerous reminders to add,
REMARKS (i) in current times, the April 2021 theme of metal, aluminium companies are VERY STRONG (CHECK OUT ON steel - - Ann Joo, Ulicorp,) (CHECK OUT ON aluminium - Press Metal, PMB Technology, Alcom).
Alcom /2674 (ii) short term, target price RM 1.50 (ii) mid term, target price RM 2.32/ old high
(iii) closing price, RM 1.24 as at 23 April 2021 RM 1.25 /year 2021 - high
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
46,782 posts
Posted by Mikecyc > 2021-04-17 15:13 |
Post removed.Why?