EITA RESOURCES BERHAD

KLSE (MYR): EITA (5208)

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Last Price

0.71

Today's Change

+0.005 (0.71%)

Day's Change

0.71 - 0.71

Trading Volume

31,000


2 people like this.

988 comment(s). Last comment by Invest123 1 month ago

hakubasnow

263 posts

Posted by hakubasnow > 2021-02-09 17:22 | Report Abuse

https://malaysiastock.biz/Company-Announcement.aspx?id=1293830
Tomorrow listing of warrant

oasischeah

1,461 posts

Posted by oasischeah > 2021-02-09 17:23 | Report Abuse

Bonus only 1 for 1. how busy can it be. It is the directors indirectly selling and not the general public.

roger3210

5,147 posts

Posted by roger3210 > 2021-02-09 17:26 | Report Abuse

why director selling, think about it :D Definitely he knows something the general public dont

roger3210

5,147 posts

Posted by roger3210 > 2021-02-09 17:27 | Report Abuse

when many ppl / media promote n share price sink, it means 'propaganda'

roger3210

5,147 posts

Posted by roger3210 > 2021-02-09 17:29 | Report Abuse

do u see other shares after bonus issue and share price almost erase all gain ? e.g SCIB, KPOWER, UWC etc. A good stock after bonus issue ex date not suppose to sink so much , apparently this is a trap.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2021-02-09 19:00 | Report Abuse

So @roger3210
this is a TRAP as per you say?

Ahead1268

768 posts

Posted by Ahead1268 > 2021-02-09 19:13 | Report Abuse

Tomorrow shall press down to gain control of warrant at lower price before inching up if the maker is kind to push up otherwise game over.

wsthong

102 posts

Posted by wsthong > 2021-02-10 09:10 | Report Abuse

sounds like a god eyes.

wopsron8

91 posts

Posted by wopsron8 > 2021-02-10 10:09 | Report Abuse

i think the warrant should be 0.42

wsthong

102 posts

Posted by wsthong > 2021-02-10 10:47 | Report Abuse

its already oversold, rebound is just a matter of time.

wopsron8

91 posts

Posted by wopsron8 > 2021-02-10 11:49 | Report Abuse

but still got ppl dumping

shlyw

719 posts

Posted by shlyw > 2021-02-10 14:37 | Report Abuse

谊来3送2红股
Sinchew Wed, Feb 10, 2021 02:26pm - 7 minutes ago


(吉隆坡10日讯)谊来(YILAI,5048,主板工业产品服务组)拟以3送2比例,派送最多9704万7061股红股,同时建议更名至“YB Ventures有限公司”。

该公司发文告表示,上述红股除权日将在稍后决定。

同时,谊来寻求股东批准更名,以为公司创造新的企业身份。

wsthong

102 posts

Posted by wsthong > 2021-02-10 15:25 | Report Abuse

ppl always have their own reason to dump. from the charts, it's a sign that rebound coming soon.

Ahead1268

768 posts

Posted by Ahead1268 > 2021-02-10 16:11 | Report Abuse

Someone blocking at 1.10 to prevent share price collapse so that they can sell warrant above 0.40 to retailer.

michaelwong

3,072 posts

Posted by michaelwong > 2021-02-10 17:40 | Report Abuse

No volume meaning to say less buying support despite the price is cheaper . Currently a few counters after ex- bonus issues all masuk longkang . Too much liquidities . Should have bought after bonus ex-date to minimise losses or sell on the first day after ex-bonus issues

roger3210

5,147 posts

Posted by roger3210 > 2021-02-10 17:45 | Report Abuse

not really, c kpower, SCIB and Greatec, didnt retrace as much as EITA. Greatec even break new high after bonus issue. This mean that EITA use bonus issue to con retailer :D

Posted by jeffrey1166 > 2021-02-10 18:40 | Report Abuse

i keep buying n wait for huge rebound

wcc636588

213 posts

Posted by wcc636588 > 2021-02-10 20:29 | Report Abuse

Have faith in EITA , oversold position and rebound anytime. Fundamental with good strong quarter earning. Biz Not affected by MCO .

wsthong

102 posts

Posted by wsthong > 2021-02-11 09:33 | Report Abuse

break out gonna be happen today or monday :-)

roger3210

5,147 posts

Posted by roger3210 > 2021-02-11 09:42 | Report Abuse

not breakout, is breakdown, all the buy Q is fake Q by operator :)

Posted by jeffrey1166 > 2021-02-11 10:22 | Report Abuse

patient waiting can rebound back, tp 1.6

tradernew

14 posts

Posted by tradernew > 2021-02-11 10:24 | Report Abuse

how do you know that it fake Q? iam quite newbie so i do not undertand

wsthong123

441 posts

Posted by wsthong123 > 2021-02-11 10:39 | Report Abuse

If want to breakdown, then why need to have fake queue lol. Hahahha

roger3210

5,147 posts

Posted by roger3210 > 2021-02-11 11:06 | Report Abuse

no wonder u r newbie, fake buy Q n entice ppl to push up so that they can distribute more at higher price

wsthong123

441 posts

Posted by wsthong123 > 2021-02-11 11:37 | Report Abuse

I see a funny joker here LOL

roger3210

5,147 posts

Posted by roger3210 > 2021-02-11 11:38 | Report Abuse

share price will tell you who is the joker :D

Ahead1268

768 posts

Posted by Ahead1268 > 2021-02-11 11:55 | Report Abuse

Today block at 1.07 to prevent share price collapse so to upload warrant above 0.44. Good strategy

Posted by jeffrey1166 > 2021-02-12 20:07 | Report Abuse

Coming can push up

wcc636588

213 posts

Posted by wcc636588 > 2021-02-12 22:34 | Report Abuse

@wsthong

wcc636588

213 posts

Posted by wcc636588 > 2021-02-12 22:35 | Report Abuse

Gong Xi Fatt Chai , TP 2,08 coming

Posted by tingpangeng > 2021-02-13 15:44 | Report Abuse

TP pluck from sky! what a wishful thinking! My goodness EITA has turns many into dreamers

Posted by jeffrey1166 > 2021-02-13 21:04 | Report Abuse

keep hold

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-02-14 09:23 | Report Abuse

To : tingpangeng,
Pls learn to read and endeavor to understand
===============================+===========
CGS-CIMB
believes
EITA deserves 'better valuation'
Hamsaveni Visuvaseven
/
theedgemarkets.com

February 08, 2021 11:48 am +08

CGS-CIMB believes
EITA deserves 'better valuation'
-A+A
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.

ISSUED BY Joyce Goh

=================================================
Well reported by CGS-CIMB Research
Target Price RM 2.08

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-02-14 12:31 | Report Abuse

wcc636588 Gong Xi Fatt Chai ,
TP 2,08 coming
12/02/2021 10:35 PM
==================================================

SEE_Research, already answered for you.

We are sure tingpangeng can learn to read the respective answer, with some understanding.

Thanks

Posted by tingpangeng > 2021-02-14 23:32 | Report Abuse

Well , time will tell

wcc636588

213 posts

Posted by wcc636588 > 2021-02-15 00:05 | Report Abuse

Rebound tomorrow,oversold !!!

Maxsuper

1,421 posts

Posted by Maxsuper > 2021-02-15 13:31 | Report Abuse

Ex bonus day I told to sell above 1.60....free warrants..... cannot be so greedy.... bonus is just split shares... company fundamental no change... this counter has a history of going to sleep til next bonus n now that got warrants will sleep for a very very long time

Posted by jeffrey1166 > 2021-02-15 14:05 | Report Abuse

coming will huge rebound soon

wopsron8

91 posts

Posted by wopsron8 > 2021-02-15 14:44 | Report Abuse

but still got ppl selling

Posted by tingpangeng > 2021-02-15 14:53 | Report Abuse

IB mentioned EITA “deserve” to get better valuation but too bad traders and investors even owners not given a damn what the IB said as testimony of share price movement today.

roger3210

5,147 posts

Posted by roger3210 > 2021-02-15 15:26 | Report Abuse

IB want to distribute ticket :D

roger3210

5,147 posts

Posted by roger3210 > 2021-02-15 15:26 | Report Abuse

they were selling when release 'good news'

Nancy Boon

183 posts

Posted by Nancy Boon > 2021-02-15 15:53 | Report Abuse

new to this counter been going downward ....still holding is this a good counter ? My Remisier says is a good counter I buy and got stuck... any advise

Ahead1268

768 posts

Posted by Ahead1268 > 2021-02-15 16:13 | Report Abuse

Today likely no show tomorrow or day after maybe slightly

Posted by Silentreader88 > 2021-02-15 18:01 | Report Abuse

All tech stoch especially semiconductor already fly high,leaving RM1++ price behind. EITA is the only cheap germ left. Oversold and collecting now. At anytime will boomb :)

Posted by relaxchill > 2021-02-17 12:21 | Report Abuse

hold guys.. once macd cross, will boomm go up

Posted by jeffrey1166 > 2021-02-17 12:25 | Report Abuse

ya , i tp 1.38

wcc636588

213 posts

Posted by wcc636588 > 2021-02-17 13:28 | Report Abuse

Oversold position , buy and wait for the bumper profit ya

Posted by Srsm Trader > 2021-02-17 13:35 | Report Abuse

selling pressure subside. hold on tight.

zyde

22 posts

Posted by zyde > 2021-02-18 09:38 | Report Abuse

Very good FA.. time to buy now..very big discount.

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