E.A.TECHNIQUE (M) BERHAD

KLSE (MYR): EATECH (5259)

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Last Price

0.295

Today's Change

0.00 (0.00%)

Day's Change

0.295 - 0.305

Trading Volume

3,078,800


8 people like this.

2,855 comment(s). Last comment by Income 4 days ago

TheCrown

278 posts

Posted by TheCrown > 2023-08-17 12:50 | Report Abuse

Hope for a good news.. If its drops again, rugi banyak wohhhh

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-17 15:09 | Report Abuse

Selling pressure keep coming.

TheCrown

278 posts

Posted by TheCrown > 2023-08-17 15:16 | Report Abuse

Seems like a bad news

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-17 15:19 | Report Abuse

No one attend the EGM today? Mind to share here?

cedcan

403 posts

Posted by cedcan > 2023-08-17 15:27 | Report Abuse

Hmm, hopefully don't break 210

TheCrown

278 posts

Posted by TheCrown > 2023-08-17 15:27 | Report Abuse

Awantec, Nylex suddenly almost delisted. What's the problem Eatech is supposed to be a good price if it's good news. But don't tell me Eatech won't be out from PN17.

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-17 15:54 | Report Abuse

Yes, EATECH has tendency for that. To be delisted if the reg plan not meet the date.

mf

29,190 posts

Posted by mf > 2023-08-17 15:57 | Report Abuse

potential delisted?

TheCrown

278 posts

Posted by TheCrown > 2023-08-17 15:59 | Report Abuse

But if they do EGM, sure there will be a new Director or any good new plan. I still believe in Eatech even if fails me once and almost twice.. I thought once it touches 0.240 - 0.245, the price should be stable and up.. Anyhow, if they played the shareholder, forever their top management will be curse forever

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-17 16:08 | Report Abuse

PN17 is a risky counter, being delisted is imminent. If we look into EATECH, they have been given 1 year to submit reg plan, then extend until 6 month after that. Which means, 18 months from the date they being PN17. Now its up to SC to approve their extension. What im worried about, they only have 5 business day to submit their new reg plan, but until today, no news on that. This can be reflect on the chart too.

Moondate

152 posts

Posted by Moondate > 2023-08-17 16:23 | Report Abuse

Should we run or walk slowly

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-17 16:30 | Report Abuse

I wait this EGM minutes. Read word by word, then I decide to hold, collect more or sell.

cedcan

403 posts

Posted by cedcan > 2023-08-17 16:31 | Report Abuse

Usually released on the day itself?

trader5

26 posts

Posted by trader5 > 2023-08-17 16:32 | Report Abuse

I just called their Finance team. They have that regularisation plan, and will submit by 24/8/23. Hoping the goods news ahead...

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-17 16:49 | Report Abuse

@cedcan - yes, usually after working hour. 5pm onward
@trader5 - Thank you for the clarification. You save us but still nervous on why they want to submit it on the last day of submission date.

cedcan

403 posts

Posted by cedcan > 2023-08-17 17:15 | Report Abuse

Hmm, no mention of the regularisation plan in the minutes

Pekka5

11 posts

Posted by Pekka5 > 2023-08-17 17:25 | Report Abuse

Getting delisted is not that simple. Other companies did not submitted their reg plan for more than 3 years with multiple extension then theyre doom. this eatech business are recovering & currently on track with restructuring + debt settlement. They did submitted but for whatever reason terminated the agreement with the white knight. most probably bursa will consider all this and grant more time if they need so.

Latest precedent case: Scomies. entered PN17 on Jan 2020. almost 4 years ady. never submitted reg plan. see bursa comments below:

"Scomi Energy's application was rejected as the company had “not demonstrated to the satisfaction of Bursa Securities any material development towards the finalisation and submission of the regularisation plan to the regulatory authorities,”

Despite that, they still have chance to appeal:
If Scomi files an appeal against the delisting by July 21, the July 26 delisting will be deferred pending a decision on the appeal. “However, Bursa Securities will proceed to suspend the trading of the company’s securities on July 24 even though the decision on the company's appeal is still pending,” it added.

https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-07-14-story-h-245654381-Scomi_Energy_to_be_Suspended_on_July_24_Possible_Delisting_on_July_26

How bout eatech? Have your own judgement

Posted by Whiteevoque > 2023-08-17 18:30 | Report Abuse

If you look at the other companies, they are almost hopeless. Eatech will definitely submit the new reg plan and they are already on its own be able to be uplifted from pn17. Get ready for the next wave 3- weekly chart already had macd golden crossed, moving towards 40/60/80 and then up to ath with primary wave 3

eatsmall

1,556 posts

Posted by eatsmall > 2023-08-17 18:47 | Report Abuse

Proposed disposal of a marine vessel, namely Nautica Muar to Portland Vessels Ltd for a cash consideration of USD6.045 million or approximately RM27.38 million ("Proposed Disposal")

Accepted
Sudah ada duit lagi..

Posted by Prince1515 > 2023-08-17 22:58 | Report Abuse

The fundamentals of the company are strong, given their three consecutive positive quarterly reports. As previously mentioned by their CEO, they have secured a long-term contract with their customer. I believe it will have a positive impact on the company's finances. Furthermore, the SOA approval is still intact, and the company has until July 2024 to make the payment to the scheme creditors.

I believe the company is on the right track to be uplifted from PN17.

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-18 08:30 | Report Abuse

Morning, let see how EATECH gonna perform today after the outcome of EGM yesterday.

TheCrown

278 posts

Posted by TheCrown > 2023-08-18 09:16 | Report Abuse

Seems no power.. Im afraid they still cant submit to SC and extend again..

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-18 09:20 | Report Abuse

Gap down and no power. But the only resistance is at 0.235.

TheCrown

278 posts

Posted by TheCrown > 2023-08-18 09:44 | Report Abuse

Awantec tiba2 naik.. Semua salah Azam Daki & SC... How come Azam can have many shares units? That's why many foreign investors do not want to buy & invest in here. Too corrupted way when dealing with investment.

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-18 11:19 | Report Abuse

Buying pressure flooding in.

cedcan

403 posts

Posted by cedcan > 2023-08-18 11:22 | Report Abuse

Nice hammer! Go go

Posted by muhdrashid > 2023-08-18 13:39 | Report Abuse

Eatech will uplift pn17 just like seacera

mf

29,190 posts

Posted by mf > 2023-08-18 15:13 | Report Abuse

take profit

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-18 15:24 | Report Abuse

smart money has aboard the ship. Lets go

Posted by muhdrashid > 2023-08-18 17:33 | Report Abuse

6x QR with conservative profit
Will LU anytime soon
Will uplift pn17 just like seacera

Posted by Whiteevoque > 2023-08-18 18:28 | Report Abuse

Heheh i told already so many times. This is really solid counter both TA and FA. Swing until pn17 and will reward you handsomely like aax, seacera comcorp

a9897d

15 posts

Posted by a9897d > 2023-08-18 19:51 | Report Abuse

EAT MOREEE HOHOHO

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-21 09:22 | Report Abuse

Good news incoming. ;)

cedcan

403 posts

Posted by cedcan > 2023-08-21 09:44 | Report Abuse

Go go go!

trader5

26 posts

Posted by trader5 > 2023-08-21 09:50 | Report Abuse

@madjin gun : what's the news? :)

cedcan

403 posts

Posted by cedcan > 2023-08-21 10:14 | Report Abuse

Hopefully upliftment :D

mf

29,190 posts

Posted by mf > 2023-08-21 11:51 | Report Abuse

take profit

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-21 15:04 | Report Abuse

The news of EATECH will be out from PN17 just like Seacera is wilddd.

cedcan

403 posts

Posted by cedcan > 2023-08-21 15:17 | Report Abuse

When coming bro? I will hold tight tight

TheCrown

278 posts

Posted by TheCrown > 2023-08-21 17:50 | Report Abuse

Thursday...

Posted by Whiteevoque > 2023-08-22 07:53 | Report Abuse

31sen this week seems feasible

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-22 08:06 | Report Abuse

Collect before 24th of August and set your CL because the price either fly to the moon or go south to Holland just like previous announcement of TS Rashid takeover.

loribalak

152 posts

Posted by loribalak > 2023-08-22 09:22 | Report Abuse

What's happening on 24 August?

azmie67

38 posts

Posted by azmie67 > 2023-08-22 11:10 | Report Abuse

Aug 24th is expiry date of current Reg plan extension submission. Refer to Trader5 comment 4 dys back.

mf

29,190 posts

Posted by mf > 2023-08-22 11:13 | Report Abuse

take profit

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-22 16:41 | Report Abuse

Massive sell off after 4;30.

TheCrown

278 posts

Posted by TheCrown > 2023-08-22 16:50 | Report Abuse

Today bad news will be out. Perhaps insiders sold many units... This EATECH mmg susah nak trust.. Lost a lot with this counter..

cedcan

403 posts

Posted by cedcan > 2023-08-22 17:40 | Report Abuse

What is the bad news?

Posted by muhdrashid > 2023-08-22 20:23 | Report Abuse

What is the bad news? I assume today and tommorow is force selling

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