Highlights
KLSE: EATECH (5259)       EA TECHNIQUE (M) BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.445   +0.005 (1.14%)  0.425 - 0.45  1,009,300
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Overview

Market Cap: 224 Million
NOSH: 504 Million
Avg Volume (4 weeks):1,747,975
4 Weeks Range:0.415 - 0.485
4 Weeks Price Volatility (%):
42.86%
52 Weeks Range:0.31 - 0.605
52 Weeks Price Volatility (%):
45.76%
Average Price Target: 0.80
Price Target Upside/Downside: +0.355

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#1]  |  31-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  28-Aug-2019
T4Q P/E | EY: 3.39  |  29.50%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.47  |  0.95
T4Q NP Margin | ROE: 15.69%  |  27.93%

Headlines

Date Subject
12-Jul-2019 M+ Online Technical Focus - 12 July 2019
12-Jul-2019 Technical Buy - EATECH (5259)
12-Jul-2019 Daily Market Update - 12 Jul 2019 (CARIMIN, EATECH)
09-Jul-2019 Stocks on Radar - E.A. Technique (M) (5259)
03-Jul-2019 E.A. Technique (M) Berhad - Funding Its Growth
03-Jul-2019 Mplus Market Pulse - 3 Jul 2019
01-Jul-2019 Malaysia 2H 2019 - Regaining Momentum
27-Jun-2019 Daily Technical Highlights – (CIMB, EATECH)
25-Jun-2019 E.A. Technique (M) Berhad - Too Cheap To Ignore
12-Jun-2019 Mplus Market Pulse - 12 Jun 2019
12-Jun-2019 PublicInvest Research Headlines - 12 Jun 2019
04-Jun-2019 Mplus Market Pulse - 4 Jun 2019
03-Jun-2019 E.A. Technique (M) Berhad - Better Numbers Ahead
31-May-2019 EA科技赔海事重工9128万
20-May-2019 [ EATECH ] - A bridge in Oil and Gas Sector - J4 Investment Capital
17-May-2019 E.A. Technique (M) Berhad - Solidifying Its Comeback
11-Apr-2019 Retail Strategy - Volatile and Newsflow-driven Quarter
01-Apr-2019 Stocks on Radar - E.A. Technique (5259)
14-Mar-2019 E.A. Technique (M) Berhad - Slowly But Surely
14-Mar-2019 EATECH - Is he going to fly

Business Background

EA Technique (M) Bhd is engaged in the business of marine transportation and offshore storage of oil & gas and provision of port marine services. The company is an owner and operator of marine vessels. The company is involved in the charter of various types of tankers for the transportation and offshore storage of oil & gas, charter of marine support vessels for the provision of port marine services and charter of Offshore Support Vessels in the form of fast crew boats to transport personnel/light cargoes between shore and platform, platform and platform and other offshore facilities. The firm generates most of the revenue from EPCC that is engineering, procurement, construction, installation, and commissioning.
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  4 people like this.
 
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
Muhammad Saifuddin Above 0.565 fly
23/04/2019 3:30 AM
pepsicola1012 nobody comment anything for this counter ....
14/05/2019 1:36 PM
ginger9038 irl 49.5 sen rl 2 52
14/05/2019 4:40 PM
kong73 Bila murah senyap senyap collect
14/05/2019 10:15 PM
coolio but the company debt is scary worr
15/05/2019 8:29 AM
pepsicola1012 all company got debt o , i havent seen any debt-free company yet , but only depends how they manage the debt . =P
15/05/2019 9:42 AM
Nicholas Yap What is so scary about the debts, after all the NTA of Eatech still remain at 0.45
15/05/2019 1:16 PM
bizzybone Haha won RM273m contract and share price doesn't move. Contract larger than market cap.
17/05/2019 9:35 AM
calvintaneng Sell eatech and buy Uzma

Eatech will eat up your capital

Uzma

Utterly
Zealous
Mastering
All
17/05/2019 10:46 AM
mf123 stock hopeless
28/05/2019 9:17 PM
mf123 get many contract but the share price not move...always down..
28/05/2019 9:18 PM
longvalley Waiting n seeing at $0.70....
30/05/2019 6:08 PM
JayC not bad result. annualised will be PE 6.4x
31/05/2019 5:24 PM
kong73 So cheap laaa eatech at 45 sens.. buy sum more
10/06/2019 5:09 PM
kong73 E.A Technique (M) Bhd has received a US$6.1 mln (RM25.4 mln) payment claim from Malaysia Marine Heavy Engineering Sdn Bhd (MMHE) over disputes regarding the non-payment of additional works performed by the latter, under the conversion contract signed in June 2015. (The Edge Daily)
Source: Mplus Research - 12 Jun 2019
17/06/2019 6:54 PM
SK1200 Got chance to rebound..let see
20/06/2019 4:31 PM
InvestsucessTrader E.A. Technique (M) Berhad - Better Numbers Ahead
Author: PublicInvest | Publish date: Mon, 3 Jun 2019, 11:17 AM

Stripping-off net gain on forex of RM2.7m, E.A. Technique (EAT) reported 1QFY19 core profit of RM6.4m (-21.8% YoY) on the back of 4.1% rise in revenue to RM66.5m. The results were below our expectation accounting for 17.4% of our full-year FY19 projections. The underperformance was mainly attributed to lower recognition from port marine division which saw EBITDA sliding by 22.7% YoY due to i) relocation of PFLNG1 hence lower job order for the quarter, and ii) scheduled dry-dock for some vessels. We are leaving our forecasts unchanged nonetheless with anticipation that EAT’s core profit numbers should pick-up in the remaining quarters. Earnings outlook remains strong, supported by an orderbook in hand of c. RM1.3bn, translating to 4.9x of FY18’s marine operations revenue. Our Outperform rating on EAT is affirmed with a higher TP of RM0.78 as we rollover valuation to FY20, based on 10x PER over its FY19 EPS. EAT is trading at only 5.8x forward PER currently, indicating that forward valuations remain attractive.

Core profit should pick-up in the remaining quarters. EAT recorded not so-encouraging numbers in its 1QFY19 results as lower earnings recognition from its port marine services, attributed to relocation of PFLNG1 from Kumang cluster field in offshore Sarawak to the Kebabangan cluster field in offshore Sabah. As such there were less requirement for EAT’s tug boats during the relocation period. We understand that there was only one lifting of LNG done in January, versus an average of 2 per quarter. Nevertheless, we reckon profit numbers should pick-up in the remaining quarters as the PFLNG1 has performed its first LNG loading operations in May. In addition, we also understand that there is a minimum of 10 liftings at PFLNG1 per year as per contract. Therefore, there are at least 9 liftings that will need to be performed in between June to December.
Recent job win has boosts orderbook to RM1.3bn. Earnings outlook remains strong, supported by an orderbook in hand of c. RM1.3bn, translating to 4.9x of FY18’s marine operations revenue. This includes the recent job win comprising of 3 units of 9,000 DWT-sized long-term time charter coastal vessel services worth RM478.2m for a primary period of 5 years with 5-year extension. We are slightly surprised with the value of the contract as it has exceeded management’s target of a 30% success rate from its RM1.2bn tenderbook which would have translated to c. RM360m. The RM478.2m exceeds that by 33% and represents about 4x of FY18 replenishment on its own. Based on certain work progress and margin assumptions, this contract is expected to lift our FY21 earnings higher by c. 20.8% to RM50m. We maintain our forecast for now nonetheless, pending better guidance from management.
More to come? Given the improved sentiment coupled with good track record and strong business relationship with clients, we do not rule out the possibility of the Group securing more projects particularly on the short-term time charter and/or port operation segments as they do not require capex given EAT’s capacity constraint.
Update on material litigation with MMHE. Separately, in response to the Adjudication Decision dated 27 May 2019 pursuant to the CIPAA between MMHE and the Group, EAT announced that it will file an application to set aside and/or stay of execution of the Adjudication Decision. Earlier, EAT reported that the Adjudicator had delivered its Adjudication Decision with ordered to i) pay the sum of USD21.6m including 6% of GST to MMHE on or before 28 June 2019, ii) pay interest at the rate of 1.5% per month on the Adjudication Sum from the date of Payment Claim (5 Oct 2018) until the full settlement, and iii) bear the costs of adjudication totaling RM309,113.38 While we think this could raise concerns on EAT, we believe that the Group will at least be granted a stay of execution until hearing of the arbitration. First hearing is expected to be in Oct or Nov this year. To recap, on 1 Oct 2018, EAT filed a legal claim with the Director of Asian International Arbitration Centre amounting to USD21.7m (RM89m) against MMHE for the i) recovery of overpayment of USD8.7m in respect of contract price for the conversion contract, ii) the claim for an amount of USD4m being the back charges under the Conversion Contract and iii) the recovery of USD9m paid to MMHE pursuant to the letter of undertaking due to unsubstantiated change orders. Meanwhile, MMHE had made a payment claim under the Construction Industry Payment and Adjudication Act 2012 amounting to USD30.2m (RM123m) for the unpaid invoices pursuant to additional work orders and costs.
Source: PublicInvest Research - 3 Jun 2019
21/06/2019 7:50 PM
InvestsucessTrader Oil continue to soars this morning to 65.38, This is oil related stock but place under Transportation sector, many may had miss this Stock by Publicinvest TP 0.78cts, low P/E 5.8 with Quaterly profit and dividend. The lowest P/E in oil related stocks. ( This is not a buy or sell call but just for sharing,)
24/06/2019 7:03 AM
akulamatata https://www.klsescreener.com/v2/news/view/542152
24/06/2019 10:12 PM
akulamatata Gain another rm84m++ project oh
24/06/2019 10:13 PM
sokowanda Got project, means will drop more. Old style, old trick.
25/06/2019 12:18 AM
InvestsucessTrader I already said a very good with very low P/E stock
25/06/2019 9:46 AM
sokowanda price will not sustain. will continue drop, boss style.
25/06/2019 10:25 AM
mukhriz02023 Rileks la. TP almost double the current price. Keep accumulating guys
25/06/2019 1:00 PM
mukhriz02023 Beli2
26/06/2019 12:11 AM
SK1200 Good volume..positive momentum..can buy
26/06/2019 9:45 AM
InvestsucessTrader On friday and monday I had been calling to buy at 0.41 so many times
26/06/2019 9:57 AM
KAQ4468 E.A. Technique (M) Berhad - Too Cheap To Ignore
Source : PUBLIC BANK, Price Call : BUY, Price Target : 0.90
Last Price : 0.435, Upside/Downside : +0.465(106.90%)
26/06/2019 12:26 PM
KAQ4468 waaaaaaaaaa ...90 cents wooooo
26/06/2019 12:27 PM
akulamatata Omg,XKL in this group r,pity
26/06/2019 8:39 PM
sokowanda finish, will superdrop start from today. Boss style
27/06/2019 7:53 AM
SuhaimiSo Buy? or wait lagi?
27/06/2019 2:59 PM
InvestsucessTrader @suhami, monday I said buy at 0.41 cts, why you wait until now 0.45 only ask?
27/06/2019 3:06 PM
pepsicola1012 looking bright future for EATech , but stock price doesnt reflect it .
03/07/2019 11:12 AM
Jeffreyteck Not enough cash to fuel borrowings and current liabilities.
03/07/2019 11:23 PM
James Ng https://klse.i3investor.com/blogs/general/213629.jsp
[转贴] [EA TECHNIQUE (M) BHD:外汇收益减少和利息支出增加] - James的股票投资James Share Investing
04/07/2019 9:54 AM
lurhays buying volume straight for 1/2 hours...
08/07/2019 10:43 AM
InvestsucessTrader This stock I had already post 2-3 weeks with good earning and low P/E,
08/07/2019 10:45 AM
mukhriz02023 Semua hang nak claim. Ambik ja semua
08/07/2019 10:51 AM
HawkEyes Boutght some EATECH. Target price around 0.98.
11/07/2019 11:47 AM
kong73 I am cummminnng
11/07/2019 11:57 AM
yapts 0.46 still cheap....
11/07/2019 12:16 PM
John Lu Hearsay uncle Koon and OTB is here
11/07/2019 12:36 PM
pongting I wait u in 0.515 .
Pls come here .
11/07/2019 1:49 PM
CaptainVeryKeng Thought of buying but see Uncle Koon and OTB the chebai here I better stay out. Real M F the OTB guy
11/07/2019 2:52 PM
kong73 I am cummminngg up again
12/07/2019 10:39 AM


 

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