Valuation Maintain Buy on EA Tech with unchanged TP of RM1.48 based on 8x CY16 EPS. We favour the stock due to:- 1) stable transport earnings with high earning visibility, 2) aggressive fleet expansion plans, 3) leveraged towards RAPID given lack of local CPP tanker operators, and 4) strong contender to supply harbour tugs for Pengerang Regassification Terminal (RGT) given incumbent status at Sg. Udang RGT.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MMCP
287 posts
Posted by MMCP > 2015-11-24 16:34 | Report Abuse
nice one!