seen this many time. good stock will start to rise again, consider giving bonus and make the price half to give way for more investor to participate is a good excercise actually. if its not good why bother doing it. don't you thing? ;)
stochastic day time frame shows oversold already. RSI also below 50.. can still hold.. we wait MACD to cross then should be ok.. monitor your trading plan ya.. today Friday might people start to take profit after price jump to 1.27.. so just hold tight...1.13 support now.. aslong above ema 50 still uptrend stock
All other green tech perform tremendously today, but eita always got panic chicken throwing at low. remember what happened last 2 days, after panic chicken continuosly throwing at 1.06 then price moved up until what you see now. But this panic chicken never learnt lesson. Hello, throwing when stochastic at oversold? common. Haha. dumb chicken
Got warrant so no more bonus for a very very long time. No big funds will look into this counter anymore. Go to recovery stocks. At least you can get 20 % in 6 mths
Maxsuper, how come you know?? Eita is your company?? hahaha dont ask other people to other stock because we have our own trading plan.. i wonder why u still comment here?? hmm
This stock too can consider recovery stock laa.... No mco, construction full flow.. a lot of elevetor can be install (property, MRT, HSR station) and maintain. No mco, solar construction will spead up, eita can sell a lot of solar panel and solar inverter.
You can say whatever you want, hibernate, no big funds flow in :D haha. To me, investing is simple. You seek for +ve earning (good fundamental), stochastic oversold, just IN. sure will gain just momentum wether slow or fast is your luck. so why worry? :)
Promoting other recovery stocks? go ahead to those overbought counter, TAYOR. To me, this counter have much higher reward than risk. do study TA and of course FA
Goreng kaki just leave this stock lar, this is growthing stock with dividend payout ratio 45% of profit. As long as the profit get higher then more dividend payout and will increase the share price
Short term gain is not suitable for us this small kaki la, only u have sufficient money affect the share price as u want, then just do the short term gain. Otherwise just follow the company fundamental and patient. Small fish can't always earn from short term gain, sometimes u cut loss more than ur goreng earn
EITA Resources Bhd (ADD, tp:MYR2.08) - The RM1bn dream - EITA is eyeing mergers and acquisitions (MA) to lift its revenue from RM284.1m in FY9/20 to RM1bn by FY25F, or a 28.6% FY20-25F CAGR. It may be too early to say if this aspiration is achievable. Our FY9/21-23F net profit growth of 4-10% is premised on no more disruptions from lockdowns. Reiterate Add. Our post-bonus issue TP is RM2.08 (20x CY22F P/E, 30% discount to global elevator makers’ weighted average).
CGS-CIMB believes EITA deserves 'better valuation' TheEdge Mon, Feb 08, 2021 11:48am - 2 hours ago
KUALA LUMPUR (Feb 8): 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 RM1.11.
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....
Srsm Trader
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Posted by Srsm Trader > 2021-02-03 20:11 | Report Abuse
seen this many time. good stock will start to rise again, consider giving bonus and make the price half to give way for more investor to participate is a good excercise actually. if its not good why bother doing it. don't you thing? ;)