KLSE (MYR): ELRIDGE (0318)
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Last Price
0.44
Today's Change
+0.005 (1.15%)
Day's Change
0.435 - 0.44
Trading Volume
1,091,800
Market Cap
880 Million
NOSH
2,000 Million
Avg Volume (4 weeks)
9,027,990
4 Weeks Range
0.41 - 0.495
4 Weeks Price Volatility (%)
52 Weeks Range
0.375 - 0.495
52 Weeks Price Volatility (%)
Previous Close
0.435
Open
0.435
Bid
0.435 x 149,300
Ask
0.44 x 2,412,300
Day's Range
0.435 - 0.44
Trading Volume
1,091,800
Latest Quarter | Ann. Date
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Next QR | Est. Ann. Date
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Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: INDUSTRIAL SERVICES
Subsector: INDUSTRIAL SERVICES
Description:
Elridge Energy Holdings Berhad specializes in manufacturing and trading biomass fuel products, primarily palm kernel shell (PKS) and wood pellets. PKS is derived from palm oil milling by-products, while wood pellets are cylindrical in form. The company operates factories in Port Klang and Kapar, storing products there or at a bonded warehouse in Port Klang before export. PKS from a third-party manufacturer is stored in Kuantan for delivery or export. Customers, mainly biomass fuel traders, engage in long-term contracts outlining supply specifications, quantities, timeframes, and pricing.
When come to manufacturing products most issue are compliance.As investor we will be not aware of these matters.We are results oriented and one of our guidelines are FYR.
There are certain product can be reworks to avoid wastage but will of incured cost.If they have the Quality Improvement and Quality Excellent and able to set Sustainability and Continuous Improvement for long term,it will be ok.
2 months ago
Those going for investment can bargain or buy. Those think of contra better not pi main jauh2.
2 months ago
PKS charcoal have moisture spec where normally either rework can be done but mostly a discount px @ as per contract agreement n will always based on Win Win Situations.
2 months ago
Arbitrage are not against Bursa Regulations n normally being done in big vol but for a small gains n it's very strategic n must have big fund n experience.
2 months ago
Eldridge's buy big vol n untung more than 2 cts oso big money.Contra on small vol won't helps.As for retailers buying small vol need to wait longer periods . Resistance 0.47 cts n new high could be 0.52 cts.if break 0.475 wth vol.
2 months ago
Is good as a start MOU with PT ORION Indonesia as we all know
Indonesia is one of the largest oil palms plantations and they r not doing anything much wth PKS.
2 months ago
Next will be marketing to more Asian Countries n as well to encourage more M'sia n Indonesian to use this cheapest energy for daily use n user friendly.
2 months ago
When invest got to understand the whole n everything but to contra no need lah .Those 3 companies are dealing will world biomass business n not cap ayam for sure 🤣
2 months ago
I am still holding to my IPO shares. People please don't buy. You buy it won't go up. Nobody play baru can go up.
1 month ago
ELridge habits are always quite active during first 15 minutes of
Yesterday vol of 169,223 is high since last 7 mkt days.If sentiments ok, high possibilities that it will be very active.
For Info,PK px will follow CPO px.
TAYOR.
1 month ago
Dow Jones
Dow Jones Industrial Average
42,156.97
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Nasdaq
NASDAQ Composite
17,910.36
-278.81
1.53%
1 month ago
Got in at $0.44 recently. and waited patiently. Broke new high today and looks good for further upside next wk.
2 weeks ago
Anticipating FYR Announcements or maybe news.CPO px of RM4,700.00 52 weeks high .Normally any product
byproduct such as PKS and others will goes up too.Profit will be higher if got stock which bought much cheaper.😂
2 weeks ago
Eldrige to supply Biomass Fuel for 15 years to JFE Shoji Group.👍👍👍Value added to Eldridge.
2 weeks ago
Elridge Energy will supply the Japanese company 150,000 tonnes of Green Gold Label certified palm kernel shells annually, from April 2025 until March 2040.
Biomass fuel products, such as palm kernel shells and wood pellets, can be used for electricity generation in power plants and as fuel in industrial boilers in various types of manufacturing-related industries.
2 weeks ago
https://www.jfe-shoji.co.jp/en/network/domestic-group/ - check it out Elridge's client
2 weeks ago
https://www.jfe-shoji.co.jp/en/sustainability/environment/
We import these biomass fuels from various sources, including Malaysia and Indonesia, and can therefore ensure a stable supply. Because we can properly meet the growing demand, we launched the Biomass Department in April 2020, and we are rapidly developing the business. We also supply the fuel for biomass power plants operated by JFE Engineering, coming together as a group to help solve environmental issues.
2 weeks ago
cicakman
Based on announcements,big buying activities going on. by stages n with supports seen at 0.39 cts due to contra spellings.Probably the new buying interest will continue next week n value will be added gradually to approximate high of 0.52 cts if can strongly breach second try of 0.475 cts
2 months ago