Posted by jackson87 > 2014-04-05 19:56 | Report Abuse

Tomwah
Any news on this counter on next week?

Posted by johnny cash > 2014-04-17 13:43 | Report Abuse

EITA Resources (EITA MK)
Technical BUY with +15.7% potential return
Last price : RM1.34
Target Price : RM1.45, RM1.55
Support : RM1.24
Stop-loss: RM1.23
BUY with a target price of RM1.55 with a stop
loss below RM1.23. EITA’s share price has
been climbing along the rising trendline since
the breakout above the “cloud” on 29 Oct 13.
As the share price retraced from the recent
high of RM1.30, it formed a classic “1,2,3
formation” with yesterday’s breakout on the
back of a higher trading volume of 0.69m
shares (vs 20-day average of 0.2m), signifying
upward continuation hereafter. Given the
bullish crossover in both MACD and
Stochastic, we expect EITA to accelerate its
climb in the near term. Thus, we peg our
upside target at the 1.61x Fibonacci extension
level of RM1.55.

Posted by Mohd Zaini > 2014-07-08 17:00 | Report Abuse

CUN !

Posted by michaelyeo > 2014-07-08 20:29 | Report Abuse

Will break 1.55 soon

Posted by limchimleong > 2014-07-16 10:09 | Report Abuse

Good stock, hold for long term provided the fundamental remain good.

Posted by michaelyeo > 2014-07-20 22:26 | Report Abuse

Push up d price with low vol..

Posted by fyh30 > 2014-07-22 15:30 | Report Abuse

eita....

http://www.theedgemalaysia.com/business-news/299697-eita-among-winners-of-mrt-corps-rm67m-worth-of-contracts-.html

Posted by Best 168 > 2014-07-22 16:30 | Report Abuse

get new project MRT CORP

Posted by tjhldg > 2014-07-22 20:41 | Report Abuse

sui

Posted by wbangsar > 2014-07-23 07:34 | Report Abuse

Ok

Posted by speakup > 2014-07-23 07:52 | Report Abuse

sell on news?

Posted by bigbitp > 2014-07-23 16:15 | Report Abuse

tp 1.60, then 1.80

Posted by michaelyeo > 2014-07-23 21:53 | Report Abuse

Funny stock

Posted by raviy2k13 > 2014-07-23 21:55 | Report Abuse

so should be good to laugh

Posted by hanhan07 > 2014-07-25 10:51 | Report Abuse

eita still good to enter at 1.48 and below?

Posted by ky123 > 2014-07-25 11:35 | Report Abuse

drop, why?

Posted by michaelyeo > 2015-03-04 20:36 | Report Abuse

FD stock......

Posted by Earnest > 2015-11-05 22:45 | Report Abuse

This counter could be one of the rising star in future. One of the major shareholder is actually boss from QL Resources, an entreprenuer who is well known in value investment, currently holding 10%++ of EITA share.
Net cash company, cash=RM35mil, debt=20mil. Recent escalator incidents in China could open a door for it to penetrates China market and hence boost its earning in future.

Posted by wisdomtot > 2015-12-01 12:28 | Report Abuse

Better sell now at 1.33... low vol plus today t+3.. just my 2 cents..

Posted by wisdomtot > 2015-12-01 14:43 | Report Abuse

Hm...looks like i may have gotten this wrong...it's super bullish instead

Posted by jack66 > 2015-12-01 15:48 | Report Abuse

yes..this super bullish .....

Posted by hyteo1992 > 2015-12-01 20:05 | Report Abuse

i counted EITA EV/EBITDA is only 0.7. Besides that CROIC is 9%.
The quarter result is excellent. And it is severely undervalued as no one see it yet.
Slowly collect.

Posted by nekosan > 2015-12-04 14:49 | Report Abuse

no volume stock. for long long long sleeping investor only

Posted by gnail > 2015-12-07 14:31 | Report Abuse

maybe one day it will become a very liquid stock

Posted by traderman > 2015-12-07 15:32 | Report Abuse

ya. 2020


EITA Resources aims to hit RM1b revenue by 2020

By Meena Lakshana / The Edge Financial Daily | April 20, 2015 : 10:15 AM MYT
Share on facebookShare on twitter
Printer-friendly versionSend by emailPDF version
KUALA LUMPUR: Lift and bus duct manufacturer EITA Resources Bhd ( Financial Dashboard) is looking at inorganic ways to grow its business to reach its ambitious RM1 billion revenue target by 2020, with mergers and acquisitions and joint ventures (JVs) on the table, said group managing director Fu Wing Hoong.

This is not surprising as the company only recorded revenue of RM198.91 million in its financial year ended September (FY14), just about 20% of its target by 2020.

One recent example of its bid for inorganic growth is the JV between its wholly-owned unit EITA-Schneider (Mfg) Sdn Bhd and Chinese firm Shanghai Step Electric Corp, which it hopes will boost its manufacturing division.

Fu, said in an interview with The Edge Financial Daily, that the company is also eyeing other projects in the Mass Rapid Transit (MRT) Line 2 from Sungai Buloh to Serdang and Putrajaya. The tender for that is expected to begin by year end, he added.

EITA Resources already has two MRT contracts to supply lifts and escalators — worth RM95 million — in the bag. Those are expected to contribute to its earnings in the fourth quarter (4Q) of FY15.

Furthermore, Fu said the company, which has already booked some projects in Myanmar and the Middle East, is eyeing Southeast Asia and the Middle East for business expansion.

Fu also shared that the company’s fire-resistant cable, Pyrotec, which was launched in January this year, has already garnered an order book of RM4 million, largely from Indonesia.

“We took quite a significant, aggressive marketing with our partner ... and we have good achievement and market penetration, not only in Malaysia but also overseas. That [RM4 million order book] is a sign of good penetration and market acceptance, so we are optimistic,” he said.

EITA Resources’ core business is the design, manufacturing, installation, commissioning and maintenance of lifts, escalators and travelators under the brand EITASchneider. The company entered into a technical collaboration agreement with Schneider Steuerungstechnik GmbH in 2002.

Under its wholly-owned subsidiary, Furutec Electrical Sdn Bhd, the company is involved in the design and manufacture of bus duct systems and fabricated metal products.

While EITA Resources is looking to boost revenue, it is mindful of headwinds that come in the form of uncertainty over demand, supply and stockholding in the market, no thanks to the implementation of the goods and services tax on April 1.

The weakened ringgit against the US dollar — closed at 3.65 last Friday — is also expected to affect its earnings in FY15 as local demand will be impacted but not significantly, said Fu.

“Our marketing and distribution segment imports are mainly in US dollars. We do not hedge 100%. Therefore, the recent weakness of ringgit affects us to some extent,” he said.

“For exports, we have a natural hedge. For example, we export some products in US dollars and we also buy some products in US dollars. So, it’s somehow OK.

“But for local demand products, we have net foreign exchange (forex) exposure,” he said, adding that the company has an internal forex hedging policy that helps curb net exposure of its local business to forex costs.

EITA Resources’ 1QFY15 showed that earnings were already crimped, with net profit decreasing 19.4% to RM2.66 million, compared with RM3.3 million in 1QFY14. However, its revenue increased 8.25% to RM49.83 million, compared with RM46.04 million in 1QFY14.

Nevertheless, Fu said the company should still be able to chart a satisfactory full-year financial performance in FY15, due to its healthy order book of RM216 million as at Dec 1, 2014 — RM194 million from the lift division and RM19 million from bus duct systems.

Moving forward, EITA Resources is planning capacity expansion and it has allocated RM13 million for that over the next two years.

EITA Resources wants its manufacturing division to contribute 70% to its target of RM1 billion revenue by 2020.

The counter closed one sen higher at RM1.19 last Friday, giving it a market capitalisation of RM154.7 million.

Posted by wisdomtot > 2015-12-07 16:53 | Report Abuse

Thanks EITA!

Posted by hyteo1992 > 2015-12-07 22:29 | Report Abuse

Traderman, dont post 8 month ago news to influence newbie. EITA is still hidden gem as nt much ppl sees it. Those who bought it is definitely value investor for now. Ur stupid tactics wont works here.
For anyone who sees EITA, i ll say HOLD TIGHT.
If u had learn bout william o neil investing rules, EITA is fulfilling it by today bullish uptrend. It will continue go up at least 100%.

Posted by hyteo1992 > 2015-12-07 22:30 | Report Abuse

Trader dont kacau here. EITA is for investor.

Posted by wisdomtot > 2015-12-08 12:48 | Report Abuse

No traders how to push up... lol.. Anyway, hope time is ripe for some healthy correction now...

Posted by traderman > 2015-12-08 15:37 | Report Abuse

dispose all 1.58 this morning .. thanks newbie !

Posted by jack66 > 2015-12-09 11:10 | Report Abuse

i believe eita can reach 2.0 soon....

Posted by jack66 > 2015-12-09 12:05 | Report Abuse

big rising coming........

Posted by vinvestor > 2015-12-09 14:59 | Report Abuse

Note that the improvement in profit before tax in Q4FY2015 (ended Sep 2015) was mainly due to RM8.8m in fair value gains on forward exchange contracts.

Posted by hyteo1992 > 2015-12-09 15:15 | Report Abuse

The total PBT of the Group for the current quarter increased by RM8.9 million or 205.5%, corresponding to the HIGHER REVENUE and UNREALISED FOREIGN EXCHANGE GAIN on fair value valuation of the forward exchange contracts.
Cumulatively, the Group PBT increased by RM10.0 million or 57.7% for the same reasons.

(i) Marketing and Distribution Segment
Current quarter revenue decreased by RM0.2 million or 1.1% mainly due to lower revenue from electrical and electronics components.
Cumulative revenue increased by RM5.9 million or 7.2% mainly contributed by power distribution equipment and electrical and electronics components.
Current quarter PBT increased by RM0.02 million or 1.1% despite lower revenue generated mainly due to higher sales of better margin products from different product mix.
Cumulative PBT increased by RM1.1 million or 13.9% for the same reason.

(ii) Manufacturing Segment
Current quarter revenue increased by RM13.2 million or 76.0% mainly due to more execution of elevator projects and higher revenue from busduct.
Cumulative revenue increased by RM2.6 million or 2.6% for the same reason.
Current quarter PBT increased by RM7.7 million or 465.4% due to the higher revenue recorded and unrealised foreign exchange gain on fair value valuation of the forward exchange contracts.
Cumulative PBT increased by RM7.0 million or 122.5% for the same reasons.

(iii) Service Segment
Current quarter revenue improved by RM2.4 million or 58.0% mainly contributed by elevator repairs sales as well as higher project execution of electrical and security systems.
Cumulative revenue increased by RM7.5 million or 45.7% for the same reason.
Current quarter PBT increased by RM1.2 million or 159.9% corresponding to the increased revenue.
Cumulative PBT increased by RM2.0 million or 48.2% for the same reason.

Extracted from 4th Quarter Report of 2015.

Posted by hyteo1992 > 2015-12-09 15:20 | Report Abuse

So, dont influence by negative the edge stock of momentum. EITA did earn alot and improved. Its latest earning is boosted by higher revenue and unrealised forex gain.

Posted by hyteo1992 > 2015-12-09 15:28 | Report Abuse

And EITA is one of the stock of the day in the edge. So its good fundamental is approved by the edge. The negative momentum today in my opinion, the edge want investor sell down to accumulate it. Just my opinion.
See how EITA go down then went up again. Strong buying.

Posted by vinvestor > 2015-12-09 17:48 | Report Abuse

Fair value gain on forward exchange contract meaning recognizing the unrealized gain on remaining forward contracts that not yet utilized at the end of Sep 2015. Upon utilization of such forward contracts in the coming quarters, there may have negative impact to the profit depending on the exchange rate then.

Posted by hyteo1992 > 2015-12-09 18:02 | Report Abuse

Ya agree. But low chance ringgit ll rebound back above 4.0. So the risk is considered low. Agree?

Posted by vinvestor > 2015-12-09 19:05 | Report Abuse

However, since the unrealized gain has recognized in the previous quarter, there will not have any future gain upon utilization of such forward contract to purchase materials in the next few quarters.

Posted by traderman > 2015-12-14 18:41 | Report Abuse

Thanks vinvestor. This answer why eita drop from 1.59 to 1.35 hahhaa.. pump and dump by insiders

Posted by hissyu2 > 2015-12-19 10:24 | Report Abuse

Harlow joker
淨利大漲 投資者追捧
'The Busy Weekly' - 2015-12-12
若以產品區分，電梯製造和維護服務分別貢獻了31%和11%的營業額，總計42%是公司最大的銷售來源；母線槽部門的貢獻則為17%，當中超過一半來自出口市場。
母線槽是一種高效輸送電流的配電裝置，取代一般電線使用於傳導高電壓，在大型工程和建築物廣泛被使用，也包括電梯的電力傳導。
外匯對衝策略奏效
雖然市場看來對本次的業績感到相當滿意，惟益大資源首席財務員高寶玉向《資匯》表示，第4季淨利大漲，主要來自公司外匯對衝策略奏效，透過期貨合約取得未實現盈利，屬於一次性收入。
在2748萬令吉稅前盈利當中， 1122萬令吉來自匯率期貨合約的紙上盈利，實際上，營運盈利雖按年下滑9.6%，營業額卻提升了36%，證明銷量和訂單有所增加。

Copyright © 2009-2014 Oriental Daily Sdn. Bhd. All Rights Reserve

. Lol... It's a non recurring income...

Posted by DL05 > 2015-12-21 12:55 | Report Abuse

Bro... translate a bit la not all can read mandarin yo @@

Posted by wisdomtot > 2016-01-08 12:29 | Report Abuse

I am back for EITA again.... seems ok for 2nd round play..

Posted by grace123 > 2016-02-17 17:54 | Report Abuse

lazy counter. QL takeover baru boleh kasi free bonus.

Posted by grace123 > 2016-02-18 21:22 | Report Abuse

Uncle QL bila mahu give bonus.

Posted by nekosan > 2016-02-19 08:33 | Report Abuse

see what vinvestor post. it is so true. share price also doesnt go up and fall back to 1.3

Posted by grace123 > 2016-02-19 22:00 | Report Abuse

Electrical stock tak boleh pakai buang masa n duit. Saya punyu uncle QL kasi tolong naik ini stock. Mahu susu baby duit.

Posted by grace123 > 2016-02-22 17:48 | Report Abuse

QL not smart partnering Eita. I also mata tahi beli this counter already 1 year rugi 15%. See what happen to Layhong she throw @ 3.20 now @ 9.00.

Posted by DL05 > 2016-02-25 13:14 | Report Abuse

Info and facts from my friend who went to EITA's recent AGM:

1. Services segment is very strong It is required by law to service/maintain your elevators. 90-95% of elevators/escalators installed will be serviced by EITA. Even if some customers source for cheaper 3rd party maintenance service, eventually will go back to EITA because some parts are manufactured only by EITA. Customers can only 100% change new maintenance service providers if they change completely new elevator systems which is very unlikely. Therefore everytime they install elevator systems, they get a permanent new monthly income stream.

2. Huge bulk of the RM96.4m MRT project they secured will be done in this year alone. Estimated completion 1H 2017.

3. EITA currently have about 10% market share in the elevator & escalators locally.

4. EITA's fire resistant cables Pyrotech and new busduct systems are rapidly gaining market acceptance.

5. EITA 1Q report is out now. Results have improved compared to previous year's quarter.

Posted by grace123 > 2016-02-26 09:57 | Report Abuse

Talk less and act good as MPI.