Posted by Madjin Gun > 2023-08-24 18:33 | Report Abuse

What a surprise! So that’s the good news hah. A solid profit from Q2 2023 report. Now Eatech has 4 consecutive positive QR. No way it gonna stay PN17 until end of this year. Yes, Eatech is a giant Phoenix that will rise from the ash. No Friday rule for Eatech tomorrow.

Posted by cedcan > 2023-08-24 18:37 | Report Abuse

Excellent qr!

Please don't sell on news like RGB

Posted by Madjin Gun > 2023-08-24 19:08 | Report Abuse

Based on the reports, they are still in the midst of preparing the reg plan. That’s the next big news of Eatech. Expect bull run like Bplant.

Posted by jojo85 > 2023-08-24 21:06 | Report Abuse

Tomolo sell on news...ready to cut your losses..kikiki

Posted by speakup > 2023-08-24 21:12 | Report Abuse

there are 3 main listed OSV players in malaysia, funny this one is the only only making good profits compared to the other 2

Posted by mf > 2023-08-24 21:18 | Report Abuse

sell on news

Posted by kawkawhoot > 2023-08-24 21:56 | Report Abuse

@whiteevoque u so active here ya noor! hehehehe

Posted by bnzn7204 > 2023-08-24 22:51 | Report Abuse

No news on reg plan status.. Only quarter report with flat result just like previous quarter.. Sell on news tomorrow morning ??

Posted by mf > 2023-08-25 04:32 | Report Abuse

Dow Jones

Dow Jones Industrial Average

34,099.42

-373.56

1.08%

Nasdaq

NASDAQ Composite

13,463.97

-257.06

1.87%

Posted by Madjin Gun > 2023-08-25 08:20 | Report Abuse

Morning all, we can see new registered profile has been made and come here to talk on Eatech. Eatech has gain spotlight again now.

Posted by mf > 2023-08-25 08:52 | Report Abuse

sell on news

Posted by Madjin Gun > 2023-08-25 09:51 | Report Abuse

Buying pressure at 0.26. They want to collect more.

Posted by StockSniffer > 2023-08-25 10:01 | Report Abuse

masih kebal.. petanda baik..

Posted by Moondate > 2023-08-25 10:33 | Report Abuse

Petanda baik what....sell or buy...???

Posted by kawkawhoot > 2023-08-25 10:45 | Report Abuse

just buy now! u will miss the big opportunity. got announcement to be release soon

Posted by Madjin Gun > 2023-08-25 10:47 | Report Abuse

Power will come when the rumours on uplifment pn17 is emerging.

Posted by bnzn7204 > 2023-08-25 13:03 | Report Abuse

No submission yet of the new reg plan after official withdrawal last month.. How to uplift? Haiiyaaa

Pls be realistic

Posted by kawkawhoot > 2023-08-25 13:10 | Report Abuse

@bnzn7204 RP will be submit after they request for pn17 upliftment. just buy before u miss the boat

Posted by Madjin Gun > 2023-08-25 16:37 | Report Abuse

Just like seacera u mean @kawkawhoot?

Posted by bnzn7204 > 2023-08-25 17:27 | Report Abuse

Seacera in PN17 for 4 years from 2019..

Eatech just join the club last year Feb

Not that easy to uplift from PN17

See like Comcorp

How many years stuck in PN17?

Pls study real case for company successfully exit from PN17

Posted by Whiteevoque > 2023-08-25 20:12 | Report Abuse

Companies stayed in pn17 for so long because it takes time to turn around the company and getting back to back profitable quarters its not an easy feat. It doesnt have any time limit or minimum duration to stay in pn17. There is no market regulator in the world want to have lots of financial troubled companies in their stock exhange - not good for reputation and attractiveness to investors. Eatech and other oil and gas companies are enjoying the bullish momentum in this sector for the next few years. Thats the reason why warren buffet been buying oil and gas relates stocks since last year! Tame your pick, eatech, m&g, t7, uzma, hibiscus, are all going for good ride.

Posted by kawkawhoot > 2023-08-26 19:23 | Report Abuse

aiyooo talk alot just buy lah.. later uols jugak cakap terlepas boat. correct noor? @whiteevoque

Posted by bnzn7204 > 2023-08-26 22:25 | Report Abuse

@whiteevoque eatech is not under energy sector, which u can directly relate to oil and gas bullish momentum.. eatech is under logistics and transportation sector.. it is different as compared to T7, uzma and hibiscus.. u can visit their website.. I can see most of their ship is only harbour tugs, which operating at port only.. not service for oil and gas industry.. I think maybe only crew boat u can relate with offshore services.. not many I saw.. 2 or 3 only if not mistaken..

Posted by bnzn7204 > 2023-08-26 22:31 | Report Abuse

@kawkawhoot yes, can buy.. but better wait for their update on reg plan submission status.. last date to submit is on 24th aug.. until yesterday, no official announcement on the status of reg plan submission..

Posted by Madjin Gun > 2023-08-27 10:21 | Report Abuse

Although EA Technics (EATECH, 5259, Main Board Transportation and Logistics Stock) is a PN 17 company, its stock remains active, with the stock price forming an upward trend line between September 2022 and March 2023.

Subsequently, this uptrend line was broken and the stock entered into a roughly 4-month sideways consolidation. However, after the consolidation phase ended, the stock price broke through the Ichimoku Cloud on the technical chart and started a new upward trajectory.

Resistance = RM0.34, RM0.385 Support = RM0.22 to RM0.24

do you know?

On February 25, 2022, EA Technology was officially included in the list of PN17 companies by Bursa Malaysia, because its shareholder fund as of December 31, 2021 was RM5.96 million, accounting for less than 50% of its share capital of RM179.76 million , and the auditors have identified material uncertainties related to the going concern of the business in their latest audited financial statements for the year ended December 31, 2020.

After falling into PN17, the company needs to submit a restructuring plan to the Securities Regulatory Commission (SC) and the stock exchange within 12 months, and obtain approval for implementation, otherwise it will face the doom of delisting and delisting. However, the company failed to

This, and apply to the exchange for a 6-month grace period, extending to August 24, 2023 to submit the restructuring plan.

According to the latest quarterly report, the company's shareholders' funds/equity ratio has improved significantly compared to the past 3 quarters, as the company managed to regain money after a period of losses.

In addition, EA Craft is currently a business that continues to operate, although currently a PN 17 company, the company is constantly looking for new business and contracts.

In an exchange filing dated Aug 4, 2023, the company had secured two contracts with customers for the supply and operation of marine tankers worth RM12.62 million.

As of June 30, 2023, the company has a total order book of RM197 million with a renewable value of RM294.1 million.

One of the major contracts secured by EA Craft is the contract with PETCO Trading Labuan to provide long-term charter services for new tankers. The contract value is approximately RM100.63 million.

in conclusion:

In order to get rid of the PN 17 status, EA craft must meet two conditions: 1. Increase the shareholder fund to more than 25% of the issued share capital (excluding treasury shares; 2. Shareholder fund reaches at least RM40 million. According to the latest quarterly report, The company has met these conditions.

The company has worked extremely hard to get out of PN17 status.

This determination is further underscored by recent contract wins and strong orders, illustrating the company's commitment to recapture its strong market position.

In addition, EA Craft stock has recently set off a new wave of gains. Is this the first sign of a company leaving PN17 status?

The 2023 Q2 performance report released on August 24, 2023 shows that EA Process's financials continue to improve, further increasing the possibility of the company getting rid of PN17 status.

However, as with any investment, it is important to conduct thorough research and consider one's risk tolerance before making a decision. If the company fails to make favorable adjustments in a timely manner, there is still a risk of delisting. So readers, buy and sell at your own risk.

The main segment of business EA Craft is the tanker charter segment which deals in marine tankers for the transportation and offshore storage of oil and gas and provides port and marine services. The company also owns and operates marine tankers. The following is a breakdown of the sectors: Maritime Transportation and Floating Storage Units/Floating Oil Storage Units (FSU/FSO)‧Its product tankers are used to transport refined petroleum products from petroleum refineries to end users. ‧ FSU/FSO are usually used as storage facilities for offshore oil and gas. ‧Fast work boats are mainly used to transport personnel between shore and platform, platform and platform or other offshore facilities.

Port marine services provided by Port Marine Services include tugboat services, which involve towing, pushing or maneuvering ships.

Ship Engineering Services Ship engineering services cover shipbuilding and ship repair.

The Other operating segment includes mooring services activities.

Posted by Madjin Gun > 2023-08-27 10:22 | Report Abuse

Eatech will leave PN17 soon.

Posted by TheCrown > 2023-08-27 11:14 | Report Abuse

Will hit LU?

Posted by bnzn7204 > 2023-08-27 18:39 | Report Abuse

@TheCrown in your dream

Posted by TheCrown > 2023-08-27 23:24 | Report Abuse

Hehehe.. But knowing Bursa, look at some counters, simply LU and goreng.. If it hits 0.385 is good enough.. Slowly climbing and increasing every week is nice

Posted by bnzn7204 > 2023-08-28 08:07 | Report Abuse

@TheCrown definitely there will be a healthy retracement will take place after price rally from 14/15 cts to 27cts highest last week.. it seems at overbought level now..

Posted by loribalak > 2023-08-28 08:47 | Report Abuse

Yes a bit overbought at the moment

Posted by Madjin Gun > 2023-08-28 08:48 | Report Abuse

Looking at the weekly and monthly chart, the pattern is good. No overbought on weekly & monthly chart. If you swing or proposition trader, still no signal for sell. But TAYOR.

Posted by Madjin Gun > 2023-08-28 11:52 | Report Abuse

E.A. Technique (M) Berhad reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MYR 33.9 million compared to MYR 37.97 million a year ago. Net income was MYR 7.8 million compared to net loss of MYR 4.02 million a year ago.

Basic earnings per share from continuing operations was MYR 0.0147 compared to basic loss per share from continuing operations of MYR 0.0076 a year ago For the six months, sales was MYR 68.21 million compared to MYR 68.67 million a year ago. Net income was MYR 15.29 million compared to net loss of MYR 8.61 million a year ago. Basic earnings per share from continuing operations was MYR 0.0288 compared to basic loss per share from continuing operations of MYR 0.0162 a year ago.

Through Sindora, the Johor government investment arm holds a 50.05% stake in EATech. JCorp is also an indirect shareholder of EATech through the 2.43% stake held by Kulim (M) Bhd.

Posted by Madjin Gun > 2023-08-28 11:56 | Report Abuse

Second quarter 2023 earnings released: EPS: RM0.015 (vs RM0.008 loss in 2Q 2022)

Second quarter 2023 results:

EPS: RM0.015 (up from RM0.008 loss in 2Q 2022).
Revenue: RM33.9m (down 11% from 2Q 2022).
Net income: RM7.80m (up RM11.8m from 2Q 2022).
Profit margin: 23% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses.

Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings but still profitable company. The PN17 status has no effect on the company earning.

Posted by TheCrown > 2023-08-28 12:26 | Report Abuse

Come back on Wednesday, today seems no power lahhh...

Posted by Madjin Gun > 2023-08-28 12:39 | Report Abuse

Are you sure today and tomorrow no power? Thursday is a public holiday, Friday is the last day of trade for the week. Any day the news can be out. Have you look at SEALINK recently? How the offshore vessel industry are in high demand right now? Ask anyone in O&G marine industry how busy are they now.

EATECH is in 'ready' mode.

Posted by bnzn7204 > 2023-08-28 15:46 | Report Abuse

@Madjin Gun what news are you talking about? Looks too confident..

Nothing firmed and sure for EATECH..

See like last time.. Official announcement Tan Sri Rashid Manaf will emerge as major shareholder, take over stakes from JCorp..

Suddenly everything cancelled and EATECH officially announced they withdraw the reg plan submission..

See how nothing is confirmed for a PN17 company...

Be careful is the most important..

Posted by Madjin Gun > 2023-08-28 16:07 | Report Abuse

@bnzn7204, yes please be careful. It just rumors after all. Do your research carefully with PN17 company ok.

Posted by bnzn7204 > 2023-08-28 16:27 | Report Abuse

@Madjin Gun yes.. Hope all of us can make money from Bursa.. Not to donate our money to Bursa.. Hheehee.. Just kidding.. Peace ✌🏼

Posted by Madjin Gun > 2023-08-28 16:38 | Report Abuse

@bnzn7204 that's right, hheehee. Peace

Posted by Madjin Gun > 2023-08-28 16:55 | Report Abuse

Alright folk, thats all for today. No show.

Posted by Madjin Gun > 2023-08-29 09:10 | Report Abuse

Morning all, will EATECH break through the sacred 0.27 resistance today? From my POV it will even though someone has put some road block at 0.265 this morning. All will eat eventually.

Posted by cedcan > 2023-08-29 09:28 | Report Abuse

Morning
Today seems got power

Posted by Madjin Gun > 2023-08-29 09:30 | Report Abuse

Dont worry, they need to collect today as the news is incoming. They cant hold anymore, 0.27 is really cheap if the PN17 is uplifted.

Posted by StockSniffer > 2023-08-29 09:31 | Report Abuse

LU after 300 is possible?

Posted by Madjin Gun > 2023-08-29 09:51 | Report Abuse

All is possible now. But the real game will come at 4:30 pm when all the scalpers and intraday player has been exhausted. Let see. But TAYOR.

Posted by Madjin Gun > 2023-08-29 10:12 | Report Abuse

jUST IN, PREPARE FOR TAKE OFF TO THE MOONNN

Posted by trader5 > 2023-08-29 11:11 | Report Abuse

@madjin gun : You've got the news? WHAT IS IT? Mind to share with us? :)

Posted by cedcan > 2023-08-29 16:27 | Report Abuse

430pm soon. Power coming? :D

Posted by jojo85 > 2023-08-29 17:40 | Report Abuse

Madjin gun only bluffing...but 27.5c is a good closing for today..