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KLSE: EATECH       EA TECHNIQUE (M) BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.48 0.73     +0.25 (52.08%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
14/03/2019 0.48 0.73 +0.25 (52.08%) BUY PUBLIC BANK Price Target News
01/03/2019 0.395 0.73 +0.335 (84.81%) BUY PUBLIC BANK Price Target News
21/12/2018 0.335 0.73 +0.395 (117.91%) BUY PUBLIC BANK Price Target News
26/11/2018 0.48 0.73 +0.25 (52.08%) BUY PUBLIC BANK Price Target News
07/11/2018 0.415 0.73 +0.315 (75.90%) BUY PUBLIC BANK Price Target News


Price Target Research Article/News (past 6 months)
14/03/2019  PUBLIC BANK E.A. Technique (M) Berhad - Slowly But Surely
01/03/2019  PUBLIC BANK E.A. Technique (M) Berhad - Outlook Remains Promising
21/12/2018  PUBLIC BANK E.A. Technique(M) Berhad - New Vessel Contracts
26/11/2018  PUBLIC BANK E.A. Technique (M) Berhad - So Far So Good
07/11/2018  PUBLIC BANK E.A. Technique (M) Berhad - Calmer Waters



  4 people like this.
 
moneykj No problem. The price near multiyears low. I can see its intention thru TA and stock behavior analysis. Just like I can see Orion will start its engine coming Tuesday.
10/02/2019 10:32 PM
moneykj Results will be out anytime soon, I think
11/02/2019 5:12 PM
moneykj Although I can accurately predict other companies earning n price movement, I must admit that this company earning and price movement is difficult to predict due to its business nature. But whole year should be OK.
12/02/2019 2:00 PM
Happy Investing vol dropping gradually, cant really move up these few days
13/02/2019 9:23 AM
moneykj Why I look here look there Orion very similar to 1 stock king I in 2014:

1. No of share: both also about 600m
2. Start to goreng from 0.105
3. Both start after announcement of government link project. Both fintech. "I" doing GST collection software for government.
4. Cumulative 4 q earning after start goreng was 30m for "I". Cimb estimated Orion can come to highest 29m for 2019.
5. Both also start from weak results. "I" only 421k. Orion 1m.
6. The same analyst, Cimb analyst covered both

One famous anei behind the rise of "I". I believe he is also behind Orion...Guess who...

"I" rose more than 1500%. How will Orion doing?
13/02/2019 3:29 PM
Happy Investing @moneykj, are you saying EAT is similar to Orion?
13/02/2019 4:38 PM
moneykj Hehe....Orion similar to Ifcamsc in 2014. Take some Eatech space to promote. Maaf ya.
13/02/2019 5:18 PM
Wdlim123 Wowow today volume so big
21/02/2019 2:50 PM
nikicheong Anyone familiar with their legal suit with MMHE? Who is likely to win? EA claims for USD21mil, MHB claims for USD49mil. Who will prevail?
22/02/2019 10:46 PM
JayC why the price is slumping?
27/02/2019 2:51 PM
goody99 price drops without news??? strange...
27/02/2019 4:07 PM
n00b123 Maybe got bad insider news
27/02/2019 4:39 PM
Spyron_09 QR coming...
hahahaha
who miss the boat?
or crying now?
27/02/2019 5:05 PM
michaelwong This year's , many corporate sectors facing financial losses and distressed . Must be very careful and you don't have the chance to run with the sudden drop .
27/02/2019 8:20 PM
lancetsy Walaoye...Net profit loss 33M again...no wonder...
28/02/2019 5:39 PM
Primeinvestor tomorrow ummy price
28/02/2019 6:08 PM
ciaksai No wonder QR last day. Big loss.
01/03/2019 6:14 AM
rob_z3_man Huge inverted head and shoulders



Buy
01/03/2019 9:21 AM
huggs1 worst is over. I think smart investor buy cheap since this morning
01/03/2019 9:23 AM
huggs1 now you understand why operator keep selling when price > 0.50 because they wanted to buy back at much lower price
01/03/2019 9:25 AM
huggs1 price is well manipulated. migh close with green
01/03/2019 9:26 AM
huggs1 really smart operator. unfortunately I also panic sale this morning.
01/03/2019 9:28 AM
goody99 the loss is perhaps one time adjustment only. Maybe someone can verify?

when it reported huge EPS on Q2, its share price never limit up, so...
01/03/2019 9:35 AM
dabg shoot uppp
01/03/2019 3:55 PM
Hope88 close green
01/03/2019 4:18 PM
Ziko Ro Revenue very high 220 mln compared every qtr average 65 to 70 mln.Can achieve very good profit next qtr result.
01/03/2019 7:50 PM
TopEarn1 Have been collecting bit by bit. Trusting this company as The Edge have recommended this share for few times already.
05/03/2019 10:49 AM
ciaksai Go eat shit if loss QR good.
05/03/2019 12:12 PM
TopEarn1 Revenue is high, but need to improve on their profit. However, unsure why is it negative despite high revenue.
10/03/2019 11:36 AM
tsktsktsk Something is brewing... Congrats to all who has holdings..
13/03/2019 4:27 PM
n00b123 No news.. Seems like kena goreng
14/03/2019 7:55 AM
sokowanda failed boss in action ! forever a fail boss.
14/03/2019 9:22 AM
sokowanda breakout failed, inverted h&s failed, fibo failed, everything failed by the boss.
14/03/2019 9:27 AM
wgan88 Eatech is coming. Patience is the key to success....
14/03/2019 9:28 AM
tnang buy and sell back at same price, high risk
14/03/2019 9:41 AM
kryzariq oil booming.. who is going to carry oil?
14/03/2019 11:40 AM
n00b123 Rally for 2 days already.. I guess today will go red
15/03/2019 9:16 AM
kong73 EA tech is moving pflng vessel from sarawak to sabah waters. Very profitable
19/03/2019 5:19 PM
kong73 Beli laah kawan kawan eatech.. bagus ni
22/03/2019 8:12 PM
Tim2812 Gd ET coming home.
28/03/2019 6:29 AM
speakup SC/Bursa should block Malaysian company Yinson bailout Singapore OSV company Ezion. Yinson should bailout local Malaysian OSV companies instead like Icon/Alam/Eatech! Why bailout Singapore OSV company?????
FARK!

https://www.thestar.com.my/business/business-news/2019/04/01/yinson-white-knight-for-singapores-ezion-to-take-up-it-us$916m-debts/
01/04/2019 3:38 PM
kong73 Johor and singapore berpisah tiada
01/04/2019 5:15 PM
kong73 Eatech do not need bail out speakup
01/04/2019 8:12 PM
kong73 Upward trending eatech
02/04/2019 4:37 PM
Squirtle Uzma fly
Eatech still sleeping?
Muahahahahaha
03/04/2019 10:03 AM
commonsense Some investors are attracted to the company due to its turnaround story, where it managed to return back to profit in FY18. If you exclude all the profit due to EPCC contract (already handover the FSO to Hess Energy), the company was still able to deliver a profit of around RM10mil in FY18. Excluding forex and impairments, the company’s profit would have been around RM20mil. At the current share price, the company is currently being valued at a PE of around 12x.

However, the issue with this company lies on its weak balance sheet. The company has current liabilities of around RM350mil (of which RM139mil is in debt) and only current assets of RM64mil of which cash is only RM14mil. And even that, most of the cash are already pledge to the bank with free cash for operation only amounts to RM6.6mil. If you go through the 4Q18 report, you would see that the company actually had to seek help from its major shareholders in the form of “loan from shareholders” amounting to RM60mil (refer to page 21 of 4Q18 report). Without that RM60 mil the company would have faced working capital issues in 2018.

Another issue is the payment claims by MMHE for works done on the FSO Mekar Bergading. The total maximum exposure to Eatech is around RM120mil (http://www.bursamalaysia.com/market/listed-companies/company-announcements/5937861)

The most probable outcome is a fund-raising exercise to increase the company’s cash balance. I don’t think asset sales would bring the company with enough cash given the soft tanker/ vessel market at the moment.

If you are looking to hedge your portfolio outside of Ea Technique (due to its weak balance sheet and liquidity issues), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.7x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.6x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.
05/04/2019 2:49 PM
TopEarn1 I like your first 4 sentences of sharing information about EATech. However, the 5th sentence onwards was just not necessary to help promote the shares that you bought in?
05/04/2019 10:30 PM
Backwardthink99 PWF(7134) guys buy before the price up higher.
07/04/2019 11:40 PM
kong73 Commonsense - go fly kite
08/04/2019 12:46 PM
dusti Somebody thinks the investing public are a bunch of fools............
14/04/2019 10:30 PM


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