Highlights
KLSE: EATECH (5259)       EA TECHNIQUE (M) BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.27   -0.025 (8.47%)  0.27 - 0.29  798,400
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Financials


Market Cap: 143 Million

Market Cap 143 Million
NOSH 531 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 13-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 13-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Dec-2019 [#4]

Latest Quarter: 31-Dec-2019 [#4]
Announcement Date 27-Feb-2020
Next Quarter: 31-Mar-2020
Est. Ann. Date: 31-May-2020
Est. Ann. Due Date: 30-May-2020
QoQ | YoY   83.02%  |    136.67%

Annual (Unaudited) ( EPS: 6.86, P/E: 3.94 )

Revenue | NP to SH 271,872  |  36,395
RPS | P/RPS 51.25 Cent  |  0.53
EPS | P/E | EY 6.86 Cent  |  3.94  |  25.41%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.49  |  0.55
YoY   -50.97%
NP Margin | ROE 13.39%  |  13.89%
F.Y. | Ann. Date 31-Dec-2019  |  27-Feb-2020

T4Q Result ( EPS: 6.86, P/E: 3.94 )

Revenue | NP to SH 271,872  |  36,395
RPS | P/RPS 51.25 Cent  |  0.53
EPS | P/E | EY 6.86 Cent  |  3.94  |  25.41%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.49  |  0.55
QoQ | YoY   491.55%  |    -50.97%
NP Margin | ROE 13.39%  |  13.89%
F.Y. | Ann. Date 31-Dec-2019  |  27-Feb-2020

Annualized Result ( EPS: 6.86, P/E: 3.94 )

Revenue | NP to SH 271,872  |  36,395
RPS | P/RPS 51.25 Cent  |  0.53
EPS | P/E | EY 6.86 Cent  |  3.94  |  25.41%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   13.09%  |    -50.97%
NP Margin | ROE 13.39%  |  13.89%
F.Y. | Ann. Date 31-Dec-2019  |  27-Feb-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2019 27-Feb-2020 31-Dec-2019 4 271,872 32,679 36,395 36,395 - 262,079 - % 13.39% 13.89% 504,000 53.94 51.25 7.22 6.86 0.00 0.00 0.5200 0.49   -50.97% 31-Dec-2019 0.355 0.66 4.92 0.68 20.34% 0.00% 27-Feb-2020 0.36 0.67 4.99 0.69 20.06% 0.00%
31-Dec-2018 28-Feb-2019 31-Dec-2018 4 419,000 90,361 74,232 74,232 - 226,799 - % 17.72% 32.73% 504,000 83.13 78.98 14.73 13.99 0.00 0.00 0.4500 0.43   161.27% 31-Dec-2018 0.39 0.47 2.65 0.87 37.77% 0.00% 28-Feb-2019 0.425 0.51 2.89 0.94 34.66% 0.00%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 366,970 -131,902 -121,148 -121,148 - 151,200 - % -33.01% -80.12% 504,000 72.81 69.17 -24.04 -22.84 0.00 0.00 0.3000 0.28   -1,479.98% 29-Dec-2017 0.375 0.52 -1.56 1.25 -64.10% 0.00% 28-Feb-2018 0.35 0.48 -1.46 1.17 -68.68% 0.00%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 591,663 21,541 8,779 8,779 - 272,160 - % 1.48% 3.23% 504,000 117.39 111.53 1.74 1.65 0.00 0.00 0.5400 0.51   -23.91% 30-Dec-2016 0.62 0.53 35.59 1.15 2.81% 0.00% 28-Feb-2017 0.64 0.55 36.74 1.19 2.72% 0.00%
31-Dec-2015 29-Feb-2016 31-Dec-2015 4 536,530 15,818 11,537 11,537 - 272,160 - % 2.15% 4.24% 504,000 106.45 101.14 2.29 2.17 0.00 0.00 0.5400 0.51   -18.95% 31-Dec-2015 1.11 1.04 48.49 2.06 2.06% 0.00% 29-Feb-2016 1.04 0.98 45.43 1.93 2.20% 0.00%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 155,657 19,686 14,234 14,234 - 224,651 - % 9.14% 6.34% 416,022 37.42 29.34 3.59 2.68 0.00 0.00 0.5400 0.42   -74.99% 31-Dec-2014 0.465 1.24 13.59 0.86 7.36% 0.00% 27-Feb-2015 0.575 1.54 16.81 1.06 5.95% 0.00%
31-Dec-2013 31-Dec-2013 4 121,118 59,368 56,903 56,903 - 47,319 - % 46.98% 120.25% 100,679 120.30 22.83 19.79 10.73 0.00 0.00 0.4700 0.09   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  4 people like this.
 
cendolpulut MD bought at lower price
28/01/2020 9:32 PM
wakarimas Md bought sikit only
29/01/2020 11:43 PM
terence775 Any hope for this counter?
30/01/2020 11:27 AM
Michael Kwok Please read.I watch this counter for months.Its seem already consistent profit 6-12 million 3 consecutive quarter for financial year end 31 Dec 2019.See it as TP 55-65 cent.A buy.
30/01/2020 7:04 PM
wakarimas https://www.theedgemarkets.com/article/ea-technique-bullish-2020-performance
30/01/2020 7:05 PM
wakarimas seems like the engine is about to starts soon. Got news released
30/01/2020 7:05 PM
Jeffreyteck Afraid its ability to meet liabilities needs. In need for cash call to improve cash flow. TP lower than 50% of NTA.
30/01/2020 7:42 PM
kong73 E.A. Technique (Outperform, TP: RM0.62): Bullish on 2020 performance. E.A. Technique (M) (EATech) is bullish on this year’s performance with an improvement of between 30% and 40% in its bottom line. Revenue from projects secured last year is expected to transpire in the current financial year. MD Datuk Abdul Hak Md Amin said EATech secured combined contracts valued at more than RM500m in 2019, including an Operation and Maintenance (O
31/01/2020 9:38 AM
kong73 Go go go
31/01/2020 9:39 AM
wakarimas just wait and see what happend to eatech.
31/01/2020 3:49 PM
kong73 Ok wait and see for an under rated energy transport company
03/02/2020 2:49 PM
Quartz Free warrant, hooray! another gap down time!
03/02/2020 5:14 PM
Michael Kwok My coverage support By PUblic Invest.Please read;

Michael Kwok Please read.I watch this counter for months.Its seem already consistent profit 6-12 million 3 consecutive quarter for financial year end 31 Dec 2019.See it as TP 55-65 cent.A buy.
30/01/2020 7:04 PM


E.A. Technique (Outperform, TP: RM0.62): Bullish on 2020 performance. E.A. Technique (M) (EATech) is bullish on this year’s performance with an improvement of between 30% and 40% in its bottom line. Revenue from projects secured last year is expected to transpire in the current financial year. MD Datuk Abdul Hak Md Amin said EATech secured combined contracts valued at more than RM500m in 2019, including an Operation and Maintenance (O&M) contract from Petronas Carigali SB, worth about RM20m annually. (The Edge)

Source: PublicInvest Research - 31 Jan 2020
03/02/2020 5:32 PM
HSienZ I think Eatech will be benefited from the bullish oil tanker freight rate. If compare to Sealink, the total cap of Eatech is only half of Sealink but fundamental is much better than Sealink.

https://www.reuters.com/article/usa-crude-exports/oil-tanker-flotilla-steams-toward-us-as-freight-rates-surge-sources-data-idUSL1N29B0X7
05/02/2020 4:11 PM
wakarimas worry that this counter might drop another round when the right issue is coming.
05/02/2020 7:33 PM
Makeprofit Buy buy
06/02/2020 10:20 AM
vcinvestor There are 2 upcoming issues with this counter which you should take into consideration of your respective target price(s):

1) The payment claim made by MMHE (USD30m) has been adjourned until 18 March 2020. Who knows what the outcome of that will be but the company certainly cannot afford to pay out RM120mil++ in cash (Sept'19 closing bank balance = RM8.7 mil)

2) Private placement of shares + capitalization of debt owed to its holding co will result in the issuance of 223 mil new shares (about 42% of its current share capital) and that is BEFORE accounting for the exercise of 365mil new warrants (to be issued). The company had just written to SC for an extension for #2 which (if approved) gives them up to 3Q'20 to complete.

While the MD has come out to say he is bullish on the company's prospects in 2020 (which is fair, based on recent contract wins and deliveries) these two events are looming over the company in 2020 and shareholders who bought in before the recent price drop (like myself) will likely have to hold this counter for the mid to long term (The free warrants are a sweetener too).
06/02/2020 3:37 PM
Quartz After directo announced good prospect, New low coming.
07/02/2020 11:43 AM
kong73 What the director is saying that they are now cash rich Q1 2020
07/02/2020 4:55 PM
JK22 From quarterly report on consolidated results for the period ended 30 September 2019

CHANGES IN MATERIAL LITIGATION
i) Malaysia Marine and Heavy Engineering Sdn Bhd (“MMHE”) and E.A. Technique (M) Berhad ("EAT")
MMHE, a wholly owned subsidiary of the Company, and EAT are parties to a contract entered in June 2015 for the Provision of
Demolition, Refurbishment and Conversion of Donor Vessel into a Floating, Storage and Offloading Facility for Full Development
Project, North Malay Basin (hereinafter referred to as the “Contract”).

Disputes and differences have arisen between parties, amongst others, in relation to MMHE’s entitlement to payment for additional
works completed under the Contract pursuant to the Additional Work Orders (“AWOs”), as well as in relation to a Letter of
Undertaking dated 22 June 2018 (“LOU”). In this respect, the following proceedings have been filed

A Notice of Arbitration was filed by EAT on 27 September 2018 claiming for the sum of USD21,656,198 being (a) alleged overpayment; (b) refund of sums paid by EAT to MMHE under the LOU; (c) certain costs incurred under the Contract as well as (d) a
declaration that MMHE is not entitled to payment for the AWOs.

MHE disputed EAT’s claims and filed in a counter claim, amongst others, for the sum USD49,095,096 being payment for the
AWOs, prolongation costs and additional costs incurred due to variations to the original scope of work.

The Group will continue to rigorously defend the claims made by EAT and pursue its counterclaims.
The evidential hearing has commenced and presently scheduled to conclude by 8 November 2019.
10/02/2020 11:18 AM
JK22 Who claim who ? Who will have a better case ?
10/02/2020 11:19 AM
wakarimas dont understand this cerita industan....
12/02/2020 6:01 PM
JK22 cerita industan , don't understand.. no problem, as long as it is attractive and have many fans
14/02/2020 10:37 AM
Quartz Big big said good prospect 2020. Share good news & up, then QR drop a bomb? old tactics?
14/02/2020 11:09 AM
Quartz Hoax after hoax from the Big Big?
14/02/2020 12:20 PM
Michael Kwok U see, ong had come.See another 2-3 weeks of uptrend.My coverage also support by Public Invest.

Posted by Michael Kwok > Feb 3, 2020 5:32 PM | Report Abuse X
(34 cents)

My coverage support By PUblic Invest.Please read;

Michael Kwok Please read.I watch this counter for months.Its seem already consistent profit 6-12 million 3 consecutive quarter for financial year end 31 Dec 2019.See it as TP 55-65 cent.A buy.
30/01/2020 7:04 PM


E.A. Technique (Outperform, TP: RM0.62): Bullish on 2020 performance. E.A. Technique (M) (EATech) is bullish on this year’s performance with an improvement of between 30% and 40% in its bottom line. Revenue from projects secured last year is expected to transpire in the current financial year. MD Datuk Abdul Hak Md Amin said EATech secured combined contracts valued at more than RM500m in 2019, including an Operation and Maintenance (O&M) contract from Petronas Carigali SB, worth about RM20m annually. (The Edge)

Source: PublicInvest Research - 31 Jan 2020
14/02/2020 9:53 PM
hafizsmj BREAKOUT!!!
15/02/2020 12:04 AM
wakarimas What about the court cawe compensation??
16/02/2020 8:22 PM
n00b123 Gogo.. Up another 10%today
17/02/2020 9:45 AM
wakarimas this counter float much recently.
18/02/2020 6:15 PM
lim900510 Private placement price 0.35
20/02/2020 9:50 AM
hafizsmj meaning that support won't go beloe 35 sen?
20/02/2020 11:28 AM
lim900510 Logically yes, and director price 0.47 even though just 1M of shares
20/02/2020 2:33 PM
wakarimas Private placement 0.35?? I thought 0.47.
22/02/2020 7:52 PM
wakarimas When is it??
22/02/2020 7:52 PM
wakarimas result cantik hari ni??
27/02/2020 6:14 PM
terence775 Finally time for rebound? I bought at 0.44 about half year ago... heart pain keep holding and average down
27/02/2020 6:36 PM
copymen54321 FY2019 EPS 7.22sen, stock price only RM0.36 and PE5??? gogogo limit up, at least PE8-10 for Oil and gas Sector, TP RM0.60
27/02/2020 7:13 PM
copymen54321 So many projects going to commence in 2020 GOGOGOGOGOGO
27/02/2020 7:14 PM
wakarimas How about the court case. And the profit could continue?? And the private placement effect?? Too many corporate exercise..... Don't understand
27/02/2020 8:30 PM
Primeinvestor strong !
27/02/2020 8:30 PM
copymen54321 why profit wont continue????they have been consistently earn at least 6m for 4 quarters, few new projects going to start this year, lets say private placement increase 30-40% of the capital shares and these new projects profit offset it, forward EPS for FY2020 only 5-6sen, hey PE 8 already 40sen and PE10 is 50sen, look at their money earning capability,not those stupid court case that might drag for few years, even if they have to pay for losing court case, but does it affect their capability to earn money??? No!
27/02/2020 11:02 PM
Smallretailer Walauwei. 32 sens. Malaysia really has to buck up and choose a pm or reelection
28/02/2020 1:20 PM
wakarimas when is the next private placement or right issue??
06/03/2020 7:19 PM
TSFH wakarimas, based on PBI info, est by Aug 20. I just bought some of this stock. I'll hold it for 1-2 years depends on each qtr performance.
06/03/2020 7:29 PM
wakarimas Really hope this counter move
06/03/2020 9:04 PM
wakarimas eateach tenggelam .......
09/03/2020 5:01 PM
ozymandias 32mn underlying net profit, 128mn market cap. 4x p/e. 2020 will have additional tankers. Operating cash flow generated is more than its market cap. No brainer multibagger
11/03/2020 7:05 PM
Foogo90 Ozy u collecting?
11/03/2020 8:40 PM
mukhriz02023 Kutip
12/03/2020 3:53 PM