Posted by hongkit76 > 2021-02-18 11:54 | Report Abuse

Yes. A good counter. I bought these 2 days, a good discounted rate. Hold tight.

Posted by roger3210 > 2021-02-18 12:57 | Report Abuse

the way it being sell down smell something bad coming, be careful. No other stocks drop almost 50% after bonus issue ex date, this is exceptional.

Posted by tradernew > 2021-02-18 13:52 | Report Abuse

yep could be true but we dont know yet for sure but i think that this counter will start to move either up or down base on qr next 2 week

Posted by HamsterHuat > 2021-02-18 22:50 | Report Abuse

EITA will keep dropping back to 70cent soon.

Posted by wsthong123 > 2021-02-19 09:18 | Report Abuse

directors starts to acquire again, obviously its under value now

Posted by roger3210 > 2021-02-19 09:24 | Report Abuse

haha, breaking down below RM1. well done

Posted by tingpangeng > 2021-02-19 09:37 | Report Abuse

Diarrhoea! Trusted the IB’s TP? Taking for a ride without even realised it! Wake up , leave the baggage and move on

Posted by dyor90 > 2021-02-19 17:00 | Report Abuse

smells something here. QR is near and shareholders add their stocks. should see some performance next week.

Posted by roger3210 > 2021-02-19 17:08 | Report Abuse

lol, director buy some at open market, but behind the scene throwing using proxy account, which probably means weak earning result, monday AGM and after AGM result release. good luck

Posted by dyor90 > 2021-02-19 17:28 | Report Abuse

buy some using proxy? wow LU then hehe eventhough I'm not sure whether to trust some random stranger here. Their audited QR is more trustable.

Posted by roger3210 > 2021-02-19 17:42 | Report Abuse

i mean they sell using proxy acc, and buy some small qty using own account to cheat ppl. u will think it is a good sign but actually bad sign

Posted by jeffrey1166 > 2021-02-19 18:00 | Report Abuse

results is good, wait next week will fly

Posted by Maxsuper > 2021-02-19 18:20 | Report Abuse

On the day of ex date I advised to sell because the bull started from rm1.20....after announcement bonus n warrants almost rm4. 00.....bonus don't change a company fundamental.... it's just like a rm50 note n 5 rm10 notes... but bcoz of greed all trapped... this stock has a history of going to sleep til next bonus...

Posted by michaelwong > 2021-02-19 18:22 | Report Abuse

This counter having a record history of sleeping beauty hopefully not this time around .

Posted by tradernew > 2021-02-19 22:02 | Report Abuse

roger3210 how so that director director sell using proxy acc and then buy in small quantity using own acc make it bad sign? can u pls elaborate? i confuse on your statement bc i newbie

Posted by wsthong123 > 2021-02-19 23:17 | Report Abuse

Keeps blowing lol!!

Posted by wcc636588 > 2021-02-19 23:41 | Report Abuse

Something coming next week......Director buying in the open market !!!

Posted by roger3210 > 2021-02-19 23:48 | Report Abuse

'conspiracy'. Everything was very well plan ahead of (bad) QR.

1. Using BI to push the share price b4 result
2. CIMB interview, gave rosy picture 1bil revenue in 5yrs on last month.
3. Sink like mad after ex date almost 50% drop from 1.98.
4. Director buy small qty but lot of huge volume sell down.

Posted by roger3210 > 2021-02-19 23:52 | Report Abuse

tradernew, If I'm the owner, how am I going to sell my share using proxy account at good price before bad QR ?

1. Make up some rosy story at media / theedge/ thestar
2. Issue Bonus issue

To 'comfort' the shareholders after huge drop, director buying small volume.

Posted by Humble Boy > 2021-02-20 07:49 | Report Abuse

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.

Posted by tingpangeng > 2021-02-20 10:04 | Report Abuse

If we still believe in what IB write then too bad we have not learn from Bursa

Posted by iambatman > 2021-02-21 19:46 | Report Abuse

so IB is telling lies? haha. black-and-white report and numbers don't lie la. Look at their QR with consistent performance. They even give consistent dividend payout every year.

Don't right away believe conspiracy la. IB hire smart people to give evaluation. We should use it as an evaluation whether to buy or not. Cross-check IB's evaluation and QR performance.

Posted by iambatman > 2021-02-21 19:49 | Report Abuse

If they want to manipulate the stock, they can goreng la even they have allegedly bad upcoming QR. Let's say they buy at low price, better they goreng and sell at high price. lol.

Posted by dyor90 > 2021-02-21 19:56 | Report Abuse

yup if they want to "cheat" investor, they don't need IB's evaluation. They can goreng the price themselves. Their market cap is only 267 M. Very easy to goreng.

Posted by dyor90 > 2021-02-21 20:16 | Report Abuse

the stock is known not to have volume before - a sleeping stock. Maybe that's why people are dumping it to take profit after EX date. But if you look in the past few days, more than 1M volume transaction. People are collecting the stock. Collecting from traders who no longer believe and cut their losses.

Posted by jeffrey1166 > 2021-02-21 20:43 | Report Abuse

coming can rebound i put tp as 1.55

Posted by wcc636588 > 2021-02-21 20:49 | Report Abuse

TP 1.55 , 1.85

Posted by NicholasCTC > 2021-02-21 22:00 | Report Abuse

no 1.9 2.0 no sell .
vaccine is arrived

Posted by mattdjerry86 > 2021-02-22 00:56 | Report Abuse

I tp 2.9..hahaha,hold smpai abg jamil mampus

Posted by jeffrey1166 > 2021-02-22 08:48 | Report Abuse

show time today

Posted by roger3210 > 2021-02-22 10:12 | Report Abuse

lol, breaking below 1.00 soon

Posted by Jarall > 2021-02-22 11:31 | Report Abuse

Wait for afternoon

Posted by roger3210 > 2021-02-22 11:44 | Report Abuse

bad announcement coming ? :D

Posted by tingpangeng > 2021-02-22 12:05 | Report Abuse

Congratulations to those who still holds on to this counter, you may continue to belief in the IB analyst until the cow comes home

Posted by Dividendlover > 2021-02-22 12:52 | Report Abuse

Anyone here went to their agm today?

Posted by Stacker > 2021-02-22 14:49 | Report Abuse

Best time to avg down

Posted by roger3210 > 2021-02-22 15:22 | Report Abuse

do not avg when it is down trending, u wont know where is the bottom, today result out after market close, should be lousy earning.

Posted by michaelwong > 2021-02-22 15:26 | Report Abuse

Shits company drop like no 2morrow immediately after the ex-bonus issues

Posted by roger3210 > 2021-02-22 15:32 | Report Abuse

LOL, this is the only stock that sink > 50% after price adjustment , no other can beat this record. BI is just a trap for the owner/operator to distribute ticket b4 bad news announcement. ?

Posted by jinova546 > 2021-02-22 17:00 | Report Abuse

F my life....

Posted by chtan82 > 2021-02-22 17:21 | Report Abuse

the history repeat again, many ppl con by big shark. IB runner keep spreading news make everyone believe and hold tight with this counter. Dispose it and invest n2n better.

Posted by roger3210 > 2021-02-22 17:51 | Report Abuse

that is even worse, better than last few quarters and price sink 50%+ after Bonus issue.

Posted by Kensington > 2021-02-22 18:49 | Report Abuse

The Co had on 18 Nov 2020 made an announcement on new issue of securities vide bonus cum free warrants. The share price then was around 1.35 and thereafter it was chased all the way up to its peak of 3,62 on 26 Jan 2021. That was an incredible 168% spike in the price within roughly a 2 month period.
The lesson to be learnt here is there is no immediate value created in the Co by this corporate announcement. The smart money had a field day lining their pockets while the small retailers are still licking their wounds.

Posted by Ahead1268 > 2021-02-22 19:50 | Report Abuse

1.35 divide 2 minus warrant shall be below 0.50

Posted by Humble Boy > 2021-02-22 19:58 | Report Abuse

KUALA LUMPUR (Feb 22): EITA Resources Bhd, which makes elevator and busduct systems, saw its net profit for the first quarter ended Dec 31, 2020 slip 0.71% to RM6.03 million from RM6.07 million a year ago, on lower revenue.

The group’s quarterly revenue fell 5.53% to RM66.15 million, from RM70.02 million a year ago, its filing with Bursa Malaysia showed.

The group said the fall was due to lower revenue from marketing and distribution, manufacturing and high voltage system segments.

“However, this was mitigated by higher revenue from the services segment,” it said.

The group did not declare any dividend for the quarter under review.

With the current order book and ongoing projects in hand, barring any unforeseen circumstances, Eita Resources said the board of directors expects the group to achieve satisfactory results for the financial quarter ending March 31, 2021.

“With the Covid-19 pandemic expected to continue to impact the general business environment, the group’s prospects in 2021 remain challenging.

“However, the group will continue to be vigilant to the changes in the external environment,” it said.

EITA Resources shares closed 6.5 sen or 6.31% lower at 96.5 sen today, valuing the group at RM267.8 million.

Posted by HamsterHuat > 2021-02-22 20:28 | Report Abuse

bye bye EITA.....i sold everything after BI....Warrant also sold earlier.

wait for next year again

Posted by Maxsuper > 2021-02-22 20:33 | Report Abuse

... on the ex bonus day I advice to sell because the bull started from rm1.20.... Too bad too many too greedy.. The last bonus before this the price went to sleep til the last bonus. Now with warrants next bonus will be very very long time. Prepare for a very long sleeping period again.

Posted by HamsterHuat > 2021-02-22 23:51 | Report Abuse

Yup...Hype is over for EITA.....
EITA will drop to around 70 cents..

Shark..baby shark..syndicate...all left the counter..

EITA will keep going down for sure...
End up warrant also useless junk like Banana Currency during Japanese WW2..

Posted by Silentreader88 > 2021-02-23 07:16 | Report Abuse

bursa is full of syndicate. only -ve earning and speculative counter fly high. Those powerful FA will be surpressed to death. Bursa is casino. hopeless

Posted by Humble Boy > 2021-02-23 07:38 | Report Abuse

Dont worry Be Happy.Damage is done.Just sit back and relax and wait la.Not that this company is a PN17 company.Its a money making company with strong dividend and good management.Whatever have happen will soon pass.Eita is still a good company in long term.