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Overview
Financial Highlight
HeadlinesBusiness Background EITA Resources Bhd is in involved in the provision of management services and procurement of contracts. It is also an investment holding company. The business of the company operates through various segments that are Design and Manufacturing, which includes purchasing, designing, and manufacturing of elevator and bus duct; Marketing and Distribution, which includes purchasing, marketing and distributing electrical and electrical components; and Services, which includes maintenance of elevator systems and carrying out civil, electrical, and general construction works. The Design and Manufacturing segment generates maximum revenue for the company.
  SEE_Research https://klse.i3investor.com/blogs/see_research/2021-04-15-story-h1563335445-_UPDATED_NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_7_EITA_5208.jsp 15/04/2021 11:45 AM SEE_Research https://klse.i3investor.com/blogs/see_research/2021-04-15-story-h1563335443-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_9_ALCOM_GROUP_BERHAD.jsp 15/04/2021 11:52 AM SEE_Research To : Brownies 1.12 in the morning, down to 1.01 in the evening. why lah ============================================ 1. For your better understanding, there is no share prices can up in a straight line, that is why is called share market, the prices move up, move down, it is called Elliot Wave, on technical studies done by Elliott. 2. For Eita, is a new begining from RM 0.89, Previous consolidation level RM 0.89, to move uptrend to RM 1.80 target price, mid term with resistance levels along the way, Immediate R1-RM 1.20 17/04/2021 4:15 AM SEE_Research https://www.investopedia.com/terms/e/elliottwavetheory.asp ========================================== Elliott Wave Theory, main inventor, For your reading and can offer you + other investors better understanding in share market prices movements. This theory is applicable in the world different markets. 17/04/2021 4:24 AM SEE_Research KUALA LUMPUR (Feb 8): CGS-CIMB Research believes that EITA Resources Bhd deserves a better valuation as the elevator and escalator maker aims to enhance its overseas revenue. The research house reiterated its "buy" call on the stock and raised its post-bonus issue target price to RM2.08 from RM2.06. The target price of RM2.08 values the stock at 20 times CY22F P/E (from 10.5 times) which CGS-CIMB said is at about a 30% discount to the global elevator makers’ weighted average 12-month forward P/E of 31 times. CGS-CIMB’s analyst Kamarul Anwar pointed out that EITA’s net cash rose from RM11.9 million at end-FY9/13 to RM41.2 million at end-FY9/20. “We also raise our FY9/21-23F net profit forecasts by 4-10% as the company assures us that its operations are not disrupted by the partial lockdowns due to Covid-19,” he said in a note today. “Earnings from its elevator construction segments should also accelerate as many of the projects in hand are in advanced stages,” he added. Kamarul also shared that the elevator and escalator maker had disclosed its aspiration of raising its revenue from RM284.1 million in FY9/20 to RM1 billion per annum (p.a.) by FY25 during a conference call last month (Jan 29). During the session, the group also noted that it is aiming for revenue to grow by over 252% in five years, bringing revenue compound annual growth rate (CAGR) to 28.6%. Nevertheless, Kamarul said CGS-CIMB is not adopting EITA’s internal ambition as guidance for his forecasts. “It (EITA) envisions that a sizeable part of the hypothetical RM1 billion per annum revenue would come from mergers and acquisitions (M&As). Without more details, the impact of acquisitions is not something we can forecast,” Kamarul said. “Besides, EITA’s plans to aggressively grow its overseas operations would require the company to compete directly with established global elevator players. East Asia has become the Mecca for global elevator and escalator manufacturers since this developing region is looking towards high-rise buildings as an economical solution to house the rapidly increasing population. One risk from the stiff competition, we foresee, is it may stifle the group’s plan to build up its overseas revenue,” he added. He noted that the potential re-rating catalysts include earnings-accretive M&As, new infrastructure-related contract wins and rousing growth in overseas sales. Meanwhile, a total economic lockdown is a downside risk for the stock, he added. At the time of writing, EITA’s stock was down 3.48% or four sen to RM 1.11. ======================================+=== Remarks 1. CGS - CIMB Bank/ Research Target Price RM 2.08 2. See _Research Target Price RM 1.80 17/04/2021 7:42 PM tingpangeng Monitoring the bid /sell price , pattern of pump and dump hence buyer beware ya 20/04/2021 12:52 PM SEE_Research This article first appeared in The Edge Malaysia Weekly, on April 12, 2021 - April 18, 2021. Fu: Being a new player in the market, it is difficult for us to compete in terms of branding, even if we have better equipment (Photo by Suhaimi Yusuf/The Edge) Fu: Being a new player in the market, it is difficult for us to compete in terms of branding, even if we have better equipment (Photo by Suhaimi Yusuf/The Edge) -A+A LOCAL elevator manufacturer EITA Resources Bhd is accelerating the use of technology and articial intelligence (AI) in its lifts to widen their market appeal amid the Covid-19 pandemic. EITA’s solution involves just a few taps of one’s smartphone to send the lift up or down. It is working on new technologies such as this as an added convenience and to alleviate the sense of fear that some people may have about touching lift buttons. As it is the only full-fledged local lift manufacturer, group managing director Fu Wing Hoong believes the company needs to differentiate itself from its foreign counterparts, which tend to be better known in the market. Advertisement “Being a new player in the market, it is difficult for us to compete in terms of branding, even if we have better equipment,” Fu tells The Edge. As such, he believes the elevator manufacturer should compete in areas in which it can do its best, such as incorporating new technologies in its elevators, which may help elevate the EITA-Schneider brand name. Having embraced AI and the Internet-of-Things (IoT), EITA is working on its remote monitoring of elevators in real time for better service response, which would allow technicians to be dispatched to fix or maintain lifts before they break down. There are more than 30 of these “modernised” lifts already available at nine job sites, although he notes the technology is still at a preliminary stage. Its research and development team has also come up with IoT lift sensors, which can monitor the performance of an elevator or escalator for predictive and preventive maintenance. On top of this, add facial recognition, which Fu ties back to AI and security of the future. Based on facial recognition, elevators will have a destination dispatch system integrated. “Of course, these are not new technologies, but we would like to be in the forefront in terms of application. Now, this is where we have to work hard and also re-strategise in some of the areas in the market that have better potential.” The new tech lifts are expected to give EITA a competitive advantage in securing new maintenance jobs in the market and to provide recurring income. Since its inception in 1996 until January this year, the company has handed over 3,567 lifts and is maintaining 2,939 units. Fu says modernising the lifts will increase the profit margin from the maintenance segment, which boasted a gross profit margin of 35.1% as at Dec 31, 2020. Embracing Covid-19 as part of operational norm Tech innovations brought about by the pandemic aside, Covid-19 did have a negative impact on EITA as well, as its business hinges in part on the hard-hit construction industry. Fu says all businesses and project delivery, except for the lift maintenance segment, were halted during the first phase of the Movement Control Order (MCO) in mid-March last year. But the lift maintenance business contributed only about 10% of earnings during the period. Given the circumstances, EITA performed reasonably in FY2020, registering a 17% year-on-year drop in net profit to RM17.29 million, from RM20.83 million, while revenue slipped 6.9% y-o-y to RM284.22 million, from RM305.39 million. Even though Fu acknowledges it could be another two years before the construction industry picks up, he is optimistic about EITA’s prospects. There may be fewer new buildings, but there will still be jobs. By being more effective, Fu expects not only to get a fair share of the jobs, but to exceed it. “We’d rather look at it positively, as we also don’t believe this Covid-19 situation will end tomorrow. This is the new norm. We accept that Covid-19 is part and parcel of the operational norm … as part of the operational cost.” Barring unforeseen circumstances, Fu expects growth in earnings performance in the financial year ending Sept 30, 2021 (FY2021), driven by the elevator business and power substation jobs. For the first quarter of FY2021, EITA’s net profit was flat at RM6.03 million, while revenue slipped 5.5% y-o-y to RM66.15 million, from RM70.02 million. Fu says the company’s order book stood at RM393.47 million as at Dec 31, 2020, from RM492.3 million a year earlier. Giving an update on the project delivery of the Light Rail Transit 3, he says EITA aims to speed up delivery and complete the job by 2022. The company expects a more “significant contribution” from the LRT3 project this year. As for the Mass Rapid Transit 2 project, EITA has yet to do the testing, commissioning and handover and inspection, as most of the billings have been 21/04/2021 8:49 PM SEE_Research https://www.theedgemarkets.com/article/eita-resources-leverages-tech-lift-profile 21/04/2021 8:52 PM roger3210 be careful with EITA, someone always release good new to distribute ticket, it happened b4 when CIMB said EITA revenue to up few fold n the share price sink like mad. 22/04/2021 11:21 AM BlackWhite Mere not move so soon , no money , eita rely on lift maintenance, parts, replacing old lift, n sell Schneider elect equipment. A working company not speculative penny stocks 30/04/2021 10:18 AM SEE_Research MBAM CITA Award 2020 POSTED ON APRIL 9, 2021 · POSTED IN GENERAL MBAMCITA On 9 April 2021, EITA Resources Bhd received the CITA 2020 award under the category “Special Mention for Mechanical & Electrical Contractor for Innovation in Vertical Transportation System” from Master Builders Association Malaysia (MBAM). EITA - MBAM CITA Award 2020 - 9 Apr 2021-1EITA - MBAM CITA Award 2020 - 9 Apr 2021-2 14/05/2021 12:51 PM SEE_Research https://klse.i3investor.com/blogs/see_research/2021-05-15-story-h1565065959-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_12_Eita_5208.jsp 15/05/2021 9:38 AM SEE_Research TO : BlackWhite Mere not move so soon , no money , eita rely on lift maintenance, parts, replacing old lift, n sell Schneider elect equipment. A working company not speculative penny stocks ========================================================================= TO : mni75 TO : newbie9893 TO : Stitcher TO : Good_Investor =========================================================================== This stock , is definitely not the speculative penny stock , fully agreed . SEE_ Research (i) Eita / 5208 / Target Price : RM 1.80 / mid term (ii) Eita WA Target Price : RM 1.10 /mid term CIMB Research with the target price RM 2.08 mid term . It is good to collect when it is on ground floor, RM 0.93 closed 12.30 pm , 12 May 2021 , as practically most of you do not believe; just like the escalator at the bottom , sooner or later ,it will move to the top. ( before the release of the coming financial quarter report ) Just remember to record down this report before the big move on the prices , that will be surging even before we notice. The remarks by the real KLSE investors will be in this manner : "Many are shown in the positive direction but nobody notices, strangely, it may seem so. " 15/05/2021 9:50 AM SEE_Research Advanced Motor--- a permanent-magnet gearless synchronous motor =========================================================================== Please view the German partner -- Schneider --- with the advanced technological features in showcase to the users . EITA High Speed Elevator is driven with a permanent-magnet gearless synchronous motor. Its large torque outputs at low revolutions resulted in smooth and low noise operation of the elevator. The high efficiency and power factor enable energy saving of up to 30% – 40% as compared to conventional warm geared machines. 15/05/2021 9:58 AM SEE_Research https://klse.i3investor.com/blogs/see_research/2021-05-15-story-h1565088124-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_12_EITA_5208_UPDATED.jsp 15/05/2021 4:03 PM henry888 warrant is overpriced. exercise ratio 1 - 1, exercise price 0.700. mother price now is 0.930. 16/05/2021 6:02 AM SEE_Research TO : Ny036 if hold eita-warrant, do it entitle dividend as per mother? 15/05/2021 11:01 PM Reply when an investor buys the warrant , the investor is NOT ENTITLED FOR THE DIVIDEND that is payable to mother share only. ============================================================================== https://klse.i3investor.com/blogs/see_research/2021-05-15-story-h15650 ========================================================================== please view the link to understand the business of EITA /5208 The aluminium alloy is used in manufacturing heavy duty escalators and its accessories , in providing safe ,reliable services in the harsh , heavy usage, transportation systems, built by EITA /5208 SEE_ Research (i) Eita / 5208 / Target Price : RM 1.80 / mid term (ii) Eita WA Target Price : RM 1.10 /mid term CIMB Research with the target price RM 2.08 mid term . It is good to collect when it is on ground floor, RM 0.93 closed 12.30 pm , 12 May 2021 , as practically most of you do not believe; just like the escalator at the bottom , Can it moves to the top ? Like a steady escalator sooner or later ,it will move progressively to the top. ( before the release of the coming financial quarter report ) Just remember to record down this report before the big move on the prices , that will be surging even before we notice. The remarks by the real KLSE investors will be in this manner : "Many are shown in the positive direction but nobody notices, strangely, it may seem so. " Please clip on the below link to understand better how the escalator moves up --NORTH https://www.shutterstock.com/video/clip-9925883-bottom-ascending-escalator-stairs-rise the technological support is from Germany business partner -- Schneider Steuerungstechnik GmbH, Germany 18/05/2021 4:41 PM kuring2 Noticed, everyday got seller 1 bid.. looks like he want pressing down the price.. n collect using right pocket.. keep selling 1 lot,2 lot, 4 lot n 5 lot.. huhuhuhu.. in anyway, nothing much we can do as a small bilis.. lol.. 30/06/2021 8:36 PM Maxsuper ...... gone case.... used to be good bcoz of low shares in circulation.... when warrants converted it won't be so any more... big guns ran off long ago... 01/07/2021 9:44 AM kuring2 People busy focussing serba i guess.. hehehe..but nervermind.. i just hold here.. lets see next year maybe lol 01/07/2021 2:59 PM kuring2 Hi eita.. how long u want to sleep.. :).. wake up pls.. now is july.. 5months sudah tido.. 05/07/2021 12:16 PM Maxsuper .... 50% off highest.......gone case...... with warrants conversion this stock will have massive shares in circulation... 07/07/2021 10:25 PM Unnature Received dividends today, thank you Eita, long way to go , still undervalued 09/07/2021 9:31 AM jinova546 very kesian this stock.....almost hit 52week low...omg . where's everyone runs to? 15/07/2021 8:40 PM Maxsuper ....... on the first day of ex I advised to sell above 1.60 but so many said 1.60 is still very cheap n plan to hold long term..... all gone Holland. 16/07/2021 8:49 PM  |
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