Posted by kong73 > 2020-02-03 14:49 | Report Abuse

Ok wait and see for an under rated energy transport company

Posted by Quartz > 2020-02-03 17:14 | Report Abuse

Free warrant, hooray! another gap down time!

Posted by Michael Kwok > 2020-02-03 17:32 | Report Abuse

My coverage support By PUblic Invest.Please read;

Michael Kwok Please read.I watch this counter for months.Its seem already consistent profit 6-12 million 3 consecutive quarter for financial year end 31 Dec 2019.See it as TP 55-65 cent.A buy.
30/01/2020 7:04 PM


E.A. Technique (Outperform, TP: RM0.62): Bullish on 2020 performance. E.A. Technique (M) (EATech) is bullish on this year’s performance with an improvement of between 30% and 40% in its bottom line. Revenue from projects secured last year is expected to transpire in the current financial year. MD Datuk Abdul Hak Md Amin said EATech secured combined contracts valued at more than RM500m in 2019, including an Operation and Maintenance (O&M) contract from Petronas Carigali SB, worth about RM20m annually. (The Edge)

Source: PublicInvest Research - 31 Jan 2020

Posted by HSienZ > 2020-02-05 16:11 | Report Abuse

I think Eatech will be benefited from the bullish oil tanker freight rate. If compare to Sealink, the total cap of Eatech is only half of Sealink but fundamental is much better than Sealink.

https://www.reuters.com/article/usa-crude-exports/oil-tanker-flotilla-steams-toward-us-as-freight-rates-surge-sources-data-idUSL1N29B0X7

Posted by wakarimas > 2020-02-05 19:33 | Report Abuse

worry that this counter might drop another round when the right issue is coming.

Posted by Makeprofit > 2020-02-06 10:20 | Report Abuse

Buy buy

Posted by vcinvestor > 2020-02-06 15:37 | Report Abuse

There are 2 upcoming issues with this counter which you should take into consideration of your respective target price(s):

1) The payment claim made by MMHE (USD30m) has been adjourned until 18 March 2020. Who knows what the outcome of that will be but the company certainly cannot afford to pay out RM120mil++ in cash (Sept'19 closing bank balance = RM8.7 mil)

2) Private placement of shares + capitalization of debt owed to its holding co will result in the issuance of 223 mil new shares (about 42% of its current share capital) and that is BEFORE accounting for the exercise of 365mil new warrants (to be issued). The company had just written to SC for an extension for #2 which (if approved) gives them up to 3Q'20 to complete.

While the MD has come out to say he is bullish on the company's prospects in 2020 (which is fair, based on recent contract wins and deliveries) these two events are looming over the company in 2020 and shareholders who bought in before the recent price drop (like myself) will likely have to hold this counter for the mid to long term (The free warrants are a sweetener too).

Posted by Quartz > 2020-02-07 11:43 | Report Abuse

After directo announced good prospect, New low coming.

Posted by kong73 > 2020-02-07 16:55 | Report Abuse

What the director is saying that they are now cash rich Q1 2020

Posted by JK22 > 2020-02-10 11:18 | Report Abuse

From quarterly report on consolidated results for the period ended 30 September 2019

CHANGES IN MATERIAL LITIGATION
i) Malaysia Marine and Heavy Engineering Sdn Bhd (“MMHE”) and E.A. Technique (M) Berhad ("EAT")
MMHE, a wholly owned subsidiary of the Company, and EAT are parties to a contract entered in June 2015 for the Provision of
Demolition, Refurbishment and Conversion of Donor Vessel into a Floating, Storage and Offloading Facility for Full Development
Project, North Malay Basin (hereinafter referred to as the “Contract”).

Disputes and differences have arisen between parties, amongst others, in relation to MMHE’s entitlement to payment for additional
works completed under the Contract pursuant to the Additional Work Orders (“AWOs”), as well as in relation to a Letter of
Undertaking dated 22 June 2018 (“LOU”). In this respect, the following proceedings have been filed

A Notice of Arbitration was filed by EAT on 27 September 2018 claiming for the sum of USD21,656,198 being (a) alleged overpayment; (b) refund of sums paid by EAT to MMHE under the LOU; (c) certain costs incurred under the Contract as well as (d) a
declaration that MMHE is not entitled to payment for the AWOs.

MHE disputed EAT’s claims and filed in a counter claim, amongst others, for the sum USD49,095,096 being payment for the
AWOs, prolongation costs and additional costs incurred due to variations to the original scope of work.

The Group will continue to rigorously defend the claims made by EAT and pursue its counterclaims.
The evidential hearing has commenced and presently scheduled to conclude by 8 November 2019.

Posted by JK22 > 2020-02-10 11:19 | Report Abuse

Who claim who ? Who will have a better case ?

Posted by wakarimas > 2020-02-12 18:01 | Report Abuse

dont understand this cerita industan....

Posted by JK22 > 2020-02-14 10:37 | Report Abuse

cerita industan , don't understand.. no problem, as long as it is attractive and have many fans

Posted by Quartz > 2020-02-14 11:09 | Report Abuse

Big big said good prospect 2020. Share good news & up, then QR drop a bomb? old tactics?

Posted by Quartz > 2020-02-14 12:20 | Report Abuse

Hoax after hoax from the Big Big?

Posted by Michael Kwok > 2020-02-14 21:53 | Report Abuse

U see, ong had come.See another 2-3 weeks of uptrend.My coverage also support by Public Invest.

Posted by Michael Kwok > Feb 3, 2020 5:32 PM | Report Abuse X
(34 cents)

My coverage support By PUblic Invest.Please read;

Michael Kwok Please read.I watch this counter for months.Its seem already consistent profit 6-12 million 3 consecutive quarter for financial year end 31 Dec 2019.See it as TP 55-65 cent.A buy.
30/01/2020 7:04 PM


E.A. Technique (Outperform, TP: RM0.62): Bullish on 2020 performance. E.A. Technique (M) (EATech) is bullish on this year’s performance with an improvement of between 30% and 40% in its bottom line. Revenue from projects secured last year is expected to transpire in the current financial year. MD Datuk Abdul Hak Md Amin said EATech secured combined contracts valued at more than RM500m in 2019, including an Operation and Maintenance (O&M) contract from Petronas Carigali SB, worth about RM20m annually. (The Edge)

Source: PublicInvest Research - 31 Jan 2020

Posted by hafizsmj > 2020-02-15 00:04 | Report Abuse

BREAKOUT!!!

Posted by wakarimas > 2020-02-16 20:22 | Report Abuse

What about the court cawe compensation??

Posted by n00b123 > 2020-02-17 09:45 | Report Abuse

Gogo.. Up another 10%today

Posted by wakarimas > 2020-02-18 18:15 | Report Abuse

this counter float much recently.

Posted by lim900510 > 2020-02-20 09:50 | Report Abuse

Private placement price 0.35

Posted by hafizsmj > 2020-02-20 11:28 | Report Abuse

meaning that support won't go beloe 35 sen?

Posted by lim900510 > 2020-02-20 14:33 | Report Abuse

Logically yes, and director price 0.47 even though just 1M of shares

Posted by wakarimas > 2020-02-22 19:52 | Report Abuse

Private placement 0.35?? I thought 0.47.

Posted by wakarimas > 2020-02-22 19:52 | Report Abuse

When is it??

Posted by wakarimas > 2020-02-27 18:14 | Report Abuse

result cantik hari ni??

Posted by terence775 > 2020-02-27 18:36 | Report Abuse

Finally time for rebound? I bought at 0.44 about half year ago... heart pain keep holding and average down

Posted by copymen54321 > 2020-02-27 19:13 | Report Abuse

FY2019 EPS 7.22sen, stock price only RM0.36 and PE5??? gogogo limit up, at least PE8-10 for Oil and gas Sector, TP RM0.60

Posted by copymen54321 > 2020-02-27 19:14 | Report Abuse

So many projects going to commence in 2020 GOGOGOGOGOGO

Posted by wakarimas > 2020-02-27 20:30 | Report Abuse

How about the court case. And the profit could continue?? And the private placement effect?? Too many corporate exercise..... Don't understand

Posted by Primeinvestor > 2020-02-27 20:30 | Report Abuse

strong !

Posted by copymen54321 > 2020-02-27 23:02 | Report Abuse

why profit wont continue????they have been consistently earn at least 6m for 4 quarters, few new projects going to start this year, lets say private placement increase 30-40% of the capital shares and these new projects profit offset it, forward EPS for FY2020 only 5-6sen, hey PE 8 already 40sen and PE10 is 50sen, look at their money earning capability,not those stupid court case that might drag for few years, even if they have to pay for losing court case, but does it affect their capability to earn money??? No!

Posted by Smallretailer > 2020-02-28 13:20 | Report Abuse

Walauwei. 32 sens. Malaysia really has to buck up and choose a pm or reelection

Posted by wakarimas > 2020-03-06 19:19 | Report Abuse

when is the next private placement or right issue??

Posted by TSFH > 2020-03-06 19:29 | Report Abuse

wakarimas, based on PBI info, est by Aug 20. I just bought some of this stock. I'll hold it for 1-2 years depends on each qtr performance.

Posted by wakarimas > 2020-03-06 21:04 | Report Abuse

Really hope this counter move

Posted by wakarimas > 2020-03-09 17:01 | Report Abuse

eateach tenggelam .......

Posted by Foogo90 > 2020-03-11 20:40 | Report Abuse

Ozy u collecting?

Posted by mukhriz02023 > 2020-03-12 15:53 | Report Abuse

Kutip

Posted by hafizsmj > 2020-04-22 21:11 | Report Abuse

now 10 dollars...what a price

Posted by maltrader > 2020-04-27 01:21 | Report Abuse

WTI negative already, does it effect this stock?

Posted by liang408 > 2020-04-27 01:22 | Report Abuse

No. They already got contract.

Posted by davidkkw79 > 2020-05-17 15:03 | Report Abuse

Wow... this oil.n gas stock price has back to its initial price of before market crash

Posted by daretocutandchange > 2020-05-17 15:56 | Report Abuse

ea technique oil and gas sector.is he previous cp boss dato lim chai beng?now he is a new substantial holder of ea technique with 26,777,100(5.047&).

Posted by tan9090 > 2020-06-09 11:01 | Report Abuse

Up up up pls

Posted by n00b123 > 2020-06-09 21:16 | Report Abuse

Slowly recovering. Will it ever hit back to 50 cents?

Posted by tan9090 > 2020-06-10 11:37 | Report Abuse

high possibility , possible hit 60 cents un the near future

Posted by n00b123 > 2020-06-11 09:23 | Report Abuse

Wave is coming

Posted by tan9090 > 2020-06-19 08:53 | Report Abuse

Today might hit 0.45

Posted by n00b123 > 2020-06-30 09:28 | Report Abuse

Slowly it went back to 0.35 instead