Posted by wgan88 > 2019-03-14 09:28 | Report Abuse

Eatech is coming. Patience is the key to success....

Posted by tnang > 2019-03-14 09:41 | Report Abuse

buy and sell back at same price, high risk

Posted by kryzariq > 2019-03-14 11:40 | Report Abuse

oil booming.. who is going to carry oil?

Posted by n00b123 > 2019-03-15 09:16 | Report Abuse

Rally for 2 days already.. I guess today will go red

Posted by kong73 > 2019-03-19 17:19 | Report Abuse

EA tech is moving pflng vessel from sarawak to sabah waters. Very profitable

Posted by kong73 > 2019-03-22 20:12 | Report Abuse

Beli laah kawan kawan eatech.. bagus ni

Posted by Tim2812 > 2019-03-28 06:29 | Report Abuse

Gd ET coming home.

Posted by speakup > 2019-04-01 15:38 | Report Abuse

SC/Bursa should block Malaysian company Yinson bailout Singapore OSV company Ezion. Yinson should bailout local Malaysian OSV companies instead like Icon/Alam/Eatech! Why bailout Singapore OSV company?????
FARK!

https://www.thestar.com.my/business/business-news/2019/04/01/yinson-white-knight-for-singapores-ezion-to-take-up-it-us$916m-debts/

Posted by kong73 > 2019-04-01 17:15 | Report Abuse

Johor and singapore berpisah tiada

Posted by kong73 > 2019-04-01 20:12 | Report Abuse

Eatech do not need bail out speakup

Posted by kong73 > 2019-04-02 16:37 | Report Abuse

Upward trending eatech

Posted by Squirtle > 2019-04-03 10:03 | Report Abuse

Uzma fly
Eatech still sleeping?
Muahahahahaha

Posted by commonsense > 2019-04-05 14:49 | Report Abuse

Some investors are attracted to the company due to its turnaround story, where it managed to return back to profit in FY18. If you exclude all the profit due to EPCC contract (already handover the FSO to Hess Energy), the company was still able to deliver a profit of around RM10mil in FY18. Excluding forex and impairments, the company’s profit would have been around RM20mil. At the current share price, the company is currently being valued at a PE of around 12x.

However, the issue with this company lies on its weak balance sheet. The company has current liabilities of around RM350mil (of which RM139mil is in debt) and only current assets of RM64mil of which cash is only RM14mil. And even that, most of the cash are already pledge to the bank with free cash for operation only amounts to RM6.6mil. If you go through the 4Q18 report, you would see that the company actually had to seek help from its major shareholders in the form of “loan from shareholders” amounting to RM60mil (refer to page 21 of 4Q18 report). Without that RM60 mil the company would have faced working capital issues in 2018.

Another issue is the payment claims by MMHE for works done on the FSO Mekar Bergading. The total maximum exposure to Eatech is around RM120mil (http://www.bursamalaysia.com/market/listed-companies/company-announcements/5937861)

The most probable outcome is a fund-raising exercise to increase the company’s cash balance. I don’t think asset sales would bring the company with enough cash given the soft tanker/ vessel market at the moment.

If you are looking to hedge your portfolio outside of Ea Technique (due to its weak balance sheet and liquidity issues), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.7x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.6x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

Posted by TopEarn1 > 2019-04-05 22:30 | Report Abuse

I like your first 4 sentences of sharing information about EATech. However, the 5th sentence onwards was just not necessary to help promote the shares that you bought in?

Posted by Backwardthink99 > 2019-04-07 23:40 | Report Abuse

PWF(7134) guys buy before the price up higher.

Posted by kong73 > 2019-04-08 12:46 | Report Abuse

Commonsense - go fly kite

Posted by dusti > 2019-04-14 22:30 | Report Abuse

Somebody thinks the investing public are a bunch of fools............

Posted by Muhammad Saifuddin > 2019-04-23 03:30 | Report Abuse

Above 0.565 fly

Posted by pepsicola1012 > 2019-05-14 13:36 | Report Abuse

nobody comment anything for this counter ....

Posted by ginger9038 > 2019-05-14 16:40 | Report Abuse

irl 49.5 sen rl 2 52

Posted by kong73 > 2019-05-14 22:15 | Report Abuse

Bila murah senyap senyap collect

Posted by coolio > 2019-05-15 08:29 | Report Abuse

but the company debt is scary worr

Posted by pepsicola1012 > 2019-05-15 09:42 | Report Abuse

all company got debt o , i havent seen any debt-free company yet , but only depends how they manage the debt . =P

Posted by Nicholas Yap > 2019-05-15 13:16 | Report Abuse

What is so scary about the debts, after all the NTA of Eatech still remain at 0.45

Posted by bizzybone > 2019-05-17 09:35 | Report Abuse

Haha won RM273m contract and share price doesn't move. Contract larger than market cap.

Posted by calvintaneng > 2019-05-17 10:46 | Report Abuse

Sell eatech and buy Uzma

Eatech will eat up your capital

Uzma

Utterly
Zealous
Mastering
All

Posted by mf123 > 2019-05-28 21:17 | Report Abuse

stock hopeless

Posted by mf123 > 2019-05-28 21:18 | Report Abuse

get many contract but the share price not move...always down..

Posted by longvalley > 2019-05-30 18:08 | Report Abuse

Waiting n seeing at $0.70....

Posted by JayC > 2019-05-31 17:24 | Report Abuse

not bad result. annualised will be PE 6.4x

Posted by kong73 > 2019-06-10 17:09 | Report Abuse

So cheap laaa eatech at 45 sens.. buy sum more

Posted by kong73 > 2019-06-17 18:54 | Report Abuse

E.A Technique (M) Bhd has received a US$6.1 mln (RM25.4 mln) payment claim from Malaysia Marine Heavy Engineering Sdn Bhd (MMHE) over disputes regarding the non-payment of additional works performed by the latter, under the conversion contract signed in June 2015. (The Edge Daily)
Source: Mplus Research - 12 Jun 2019

Posted by SK1200 > 2019-06-20 16:31 | Report Abuse

Got chance to rebound..let see

Posted by InvestsucessTrader > 2019-06-21 19:50 | Report Abuse

E.A. Technique (M) Berhad - Better Numbers Ahead
Author: PublicInvest | Publish date: Mon, 3 Jun 2019, 11:17 AM

Stripping-off net gain on forex of RM2.7m, E.A. Technique (EAT) reported 1QFY19 core profit of RM6.4m (-21.8% YoY) on the back of 4.1% rise in revenue to RM66.5m. The results were below our expectation accounting for 17.4% of our full-year FY19 projections. The underperformance was mainly attributed to lower recognition from port marine division which saw EBITDA sliding by 22.7% YoY due to i) relocation of PFLNG1 hence lower job order for the quarter, and ii) scheduled dry-dock for some vessels. We are leaving our forecasts unchanged nonetheless with anticipation that EAT’s core profit numbers should pick-up in the remaining quarters. Earnings outlook remains strong, supported by an orderbook in hand of c. RM1.3bn, translating to 4.9x of FY18’s marine operations revenue. Our Outperform rating on EAT is affirmed with a higher TP of RM0.78 as we rollover valuation to FY20, based on 10x PER over its FY19 EPS. EAT is trading at only 5.8x forward PER currently, indicating that forward valuations remain attractive.

Core profit should pick-up in the remaining quarters. EAT recorded not so-encouraging numbers in its 1QFY19 results as lower earnings recognition from its port marine services, attributed to relocation of PFLNG1 from Kumang cluster field in offshore Sarawak to the Kebabangan cluster field in offshore Sabah. As such there were less requirement for EAT’s tug boats during the relocation period. We understand that there was only one lifting of LNG done in January, versus an average of 2 per quarter. Nevertheless, we reckon profit numbers should pick-up in the remaining quarters as the PFLNG1 has performed its first LNG loading operations in May. In addition, we also understand that there is a minimum of 10 liftings at PFLNG1 per year as per contract. Therefore, there are at least 9 liftings that will need to be performed in between June to December.
Recent job win has boosts orderbook to RM1.3bn. Earnings outlook remains strong, supported by an orderbook in hand of c. RM1.3bn, translating to 4.9x of FY18’s marine operations revenue. This includes the recent job win comprising of 3 units of 9,000 DWT-sized long-term time charter coastal vessel services worth RM478.2m for a primary period of 5 years with 5-year extension. We are slightly surprised with the value of the contract as it has exceeded management’s target of a 30% success rate from its RM1.2bn tenderbook which would have translated to c. RM360m. The RM478.2m exceeds that by 33% and represents about 4x of FY18 replenishment on its own. Based on certain work progress and margin assumptions, this contract is expected to lift our FY21 earnings higher by c. 20.8% to RM50m. We maintain our forecast for now nonetheless, pending better guidance from management.
More to come? Given the improved sentiment coupled with good track record and strong business relationship with clients, we do not rule out the possibility of the Group securing more projects particularly on the short-term time charter and/or port operation segments as they do not require capex given EAT’s capacity constraint.
Update on material litigation with MMHE. Separately, in response to the Adjudication Decision dated 27 May 2019 pursuant to the CIPAA between MMHE and the Group, EAT announced that it will file an application to set aside and/or stay of execution of the Adjudication Decision. Earlier, EAT reported that the Adjudicator had delivered its Adjudication Decision with ordered to i) pay the sum of USD21.6m including 6% of GST to MMHE on or before 28 June 2019, ii) pay interest at the rate of 1.5% per month on the Adjudication Sum from the date of Payment Claim (5 Oct 2018) until the full settlement, and iii) bear the costs of adjudication totaling RM309,113.38 While we think this could raise concerns on EAT, we believe that the Group will at least be granted a stay of execution until hearing of the arbitration. First hearing is expected to be in Oct or Nov this year. To recap, on 1 Oct 2018, EAT filed a legal claim with the Director of Asian International Arbitration Centre amounting to USD21.7m (RM89m) against MMHE for the i) recovery of overpayment of USD8.7m in respect of contract price for the conversion contract, ii) the claim for an amount of USD4m being the back charges under the Conversion Contract and iii) the recovery of USD9m paid to MMHE pursuant to the letter of undertaking due to unsubstantiated change orders. Meanwhile, MMHE had made a payment claim under the Construction Industry Payment and Adjudication Act 2012 amounting to USD30.2m (RM123m) for the unpaid invoices pursuant to additional work orders and costs.
Source: PublicInvest Research - 3 Jun 2019

Posted by InvestsucessTrader > 2019-06-24 07:03 | Report Abuse

Oil continue to soars this morning to 65.38, This is oil related stock but place under Transportation sector, many may had miss this Stock by Publicinvest TP 0.78cts, low P/E 5.8 with Quaterly profit and dividend. The lowest P/E in oil related stocks. ( This is not a buy or sell call but just for sharing,)

Posted by akulamatata > 2019-06-24 22:12 | Report Abuse

https://www.klsescreener.com/v2/news/view/542152

Posted by akulamatata > 2019-06-24 22:13 | Report Abuse

Gain another rm84m++ project oh

Posted by sokowanda > 2019-06-25 00:18 | Report Abuse

Got project, means will drop more. Old style, old trick.

Posted by InvestsucessTrader > 2019-06-25 09:46 | Report Abuse

I already said a very good with very low P/E stock

Posted by sokowanda > 2019-06-25 10:25 | Report Abuse

price will not sustain. will continue drop, boss style.

Posted by mukhriz02023 > 2019-06-25 13:00 | Report Abuse

Rileks la. TP almost double the current price. Keep accumulating guys

Posted by mukhriz02023 > 2019-06-26 00:11 | Report Abuse

Beli2

Posted by SK1200 > 2019-06-26 09:45 | Report Abuse

Good volume..positive momentum..can buy

Posted by InvestsucessTrader > 2019-06-26 09:57 | Report Abuse

On friday and monday I had been calling to buy at 0.41 so many times

Posted by KAQ4468 > 2019-06-26 12:26 | Report Abuse

E.A. Technique (M) Berhad - Too Cheap To Ignore
Source : PUBLIC BANK, Price Call : BUY, Price Target : 0.90
Last Price : 0.435, Upside/Downside : +0.465(106.90%)

Posted by KAQ4468 > 2019-06-26 12:27 | Report Abuse

waaaaaaaaaa ...90 cents wooooo

Posted by akulamatata > 2019-06-26 20:39 | Report Abuse

Omg,XKL in this group r,pity

Posted by sokowanda > 2019-06-27 07:53 | Report Abuse

finish, will superdrop start from today. Boss style

Posted by SuhaimiSo > 2019-06-27 14:59 | Report Abuse

Buy? or wait lagi?

Posted by InvestsucessTrader > 2019-06-27 15:06 | Report Abuse

@suhami, monday I said buy at 0.41 cts, why you wait until now 0.45 only ask?