Highlights
KLSE: EATECH (5259)       EA TECHNIQUE (M) BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.22   -0.005 (2.22%)  0.22 - 0.225  2,395,300
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Financials


Market Cap: 117 Million

Market Cap 117 Million
NOSH 531 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 16-Jun-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 16-Jun-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  30-Sep-2020 [#3]

Latest Quarter: 30-Sep-2020 [#3]
Announcement Date 30-Nov-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 27-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   -1,023.53%  |    -1,278.89%

Annual (Unaudited) ( EPS: 6.86, P/E: 3.21 )

Revenue | NP to SH 271,872  |  36,395
RPS | P/RPS 51.25 Cent  |  0.43
EPS | P/E | EY 6.86 Cent  |  3.21  |  31.18%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.49  |  0.45
YoY   -50.97%
NP Margin | ROE 13.39%  |  13.89%
F.Y. | Ann. Date 31-Dec-2019  |  27-Feb-2020

T4Q Result ( EPS: -10.09, P/E: -2.18 )

Revenue | NP to SH 316,691  |  -53,552
RPS | P/RPS 59.70 Cent  |  0.37
EPS | P/E | EY -10.09 Cent  |  -2.18  |  -45.88%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.39  |  0.56
QoQ | YoY   -266.79%  |    -476.14%
NP Margin | ROE -16.91%  |  -25.88%
F.Y. | Ann. Date 30-Sep-2020  |  30-Nov-2020

Annualized Result ( EPS: -16.55, P/E: -1.33 )

Revenue | NP to SH 330,292  |  -87,748
RPS | P/RPS 62.26 Cent  |  0.35
EPS | P/E | EY -16.55 Cent  |  -1.33  |  -75.18%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -433.62%  |    -372.67%
NP Margin | ROE -26.57%  |  -42.41%
F.Y. | Ann. Date 30-Sep-2020  |  30-Nov-2020



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 3 / 4 75.00% 6 / 8 75.00%
Continuous Quarters Of Positive Profit 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE -7.21% -4.21%
Average Net Profit Margin -21.78% -8.33%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 7 Years
Continuous Years Of Revenue Growth 0 / 5 0.00% 0 / 7 0.00%
Total Positive Profit Years 4 / 5 80.00% 6 / 7 85.71%
Continuous Years Of Positive Profit 2 / 5 40.00% 2 / 7 28.57%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 7 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 7 0.00%
Total Dividend Years 0 / 5 0.00% 0 / 7 0.00%
Continuous Years Of Dividend 0 / 5 0.00% 0 / 7 0.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 7 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 7 0.00%
Average ROE -5.21% 14.37%
Average Net Profit Margin 0.35% 8.26%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 316,691 330,292 271,872 351,830 437,207
NP to SH -53,552 -87,748 36,395 11,561 1,959
Dividend 0 - - - -
Adjusted EPS -10.09 -16.55 6.86 2.18 0.37
Adjusted DPS 0.00 0.00 0.00 - -

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -29.42% -5.59% 22.09% -16.37% -28.24%
NP to Owner -1,023.53% -1,278.89% -372.67% -489.80% -905.13%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS -1,024.22% -1,278.54% -372.77% -489.94% -905.30%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 16.49% -27.56% -9.99% 21.49% -24.45% -6.12% -35.11% -37.82% -22.73%
NP to Owner -247.14% -2,833.64% -563.18% -341.10% -4,579.22% -858.95% -50.97% 1,757.84% 214.79%
Dividend 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%
Adj. EPS -247.07% -2,832.38% -562.97% -341.24% -4,581.76% -859.38% -50.97% 1,757.83% 214.79%
Adj. DPS 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  4 people like this.
 
n00b123 Never saw any publications
27/08/2020 9:08 AM
BullWC16 Expects revenue from oil tanker boom
27/08/2020 11:14 AM
Narialse Quarter results just released, looks ok, not great. Giving out free warrants which investors always love. No entitlement date yet, though.
28/08/2020 5:41 PM
n00b123 QR shows it is doing better than last year. But the current price is lower than last year. Means undervalued?
29/08/2020 10:26 AM
29/08/2020 10:35 AM
DreamGladiator down 3.95%!
29/08/2020 10:36 AM
DreamGladiator apa sudah jadi ni
29/08/2020 10:36 AM
DreamGladiator susah sikit la ini macam
29/08/2020 10:36 AM
DreamGladiator boleh bikin itu investor lari oh
29/08/2020 10:37 AM
DreamGladiator misti mau kasi improve sikit la
29/08/2020 10:37 AM
n00b123 No investors interested with this counter
01/09/2020 11:23 AM
cendolpulut when the company want to give free warrant..?? take so.long time
18/10/2020 11:45 AM
Davidl Time to accumulate!
26/10/2020 10:46 AM
kong73 Q 20000units@0.31 today
11/11/2020 1:09 PM
kong73 secured 20000 units @0.31..check out my portfolio
11/11/2020 5:25 PM
kong73 E.A. Technique’s (EAT) 2QFY20 top line grew by 41.4% YoY, mainly attributed to higher recognition from the Group’s Temporary Storage Tanker (TST) contract which commenced operation in February this year. Nonetheless, core net profit slipped 16.1% YoY to RM8.8m due to enforcement of Movement Control Order (MCO), resulting in a significant disruption to its operations. For 1HFY20, the Group reported core net profit of RM22.7m ( 34.6% YTD), in tandem with higher revenue of RM181.5m ( 36.7% YTD) on the back of stronger 1QFY20 numbers. While core earnings were at 66.8% of our full year projections, we deem the numbers as in line however. We err on the side of caution over its earnings in the remaining quarters, considering the operating environment after the Covid-19 and the level of oil prices currently with earnings likely be affected as a result of fewer spot charters and adjustment on charter prices. We maintain our Outperform call on EAT nonetheless in view of its stable earnings outlook despite recent hiccups. Our TP of RM0.47 based on 8x FY21 EPS.

Lower QoQ earnings due to MCO. EAT reported lower core net profit of RM8.8m (-37.1% QoQ) in 2QFY20 despite of higher revenue by 7% QoQ to RM93.8m. This was mainly due to enforcement of the MCO starting mid March, resulting in a significant disruption to its operations particularly on the movement of crew as well as additional costs incurred due to Covid-19. With that, the Group’s profit margins compressed by 11ppt and 6.6ppt at gross and net profit levels respectively. Higher top line in the quarter was not a surprise given the first full contribution from the Group’s TST contract.
Earnings forecast unchanged. Despite the commendable 1HFY20 performance, we err on the side of caution on EAT’s 2HFY20 earnings given the impact of low crude oil prices due to the Covid-19 pandemic. The Group’s earnings are likely to be affected as a result of fewer spot charters, lower charter rates and possible termination of contracts. Recall, global oil majors including Petronas have announced capex cuts ranging from 20% - 30% this year. As such, we foresee there are charter rate adjustment risks on EAT’s FSO Muar and Tembikai. We also foresee there is risk for TST contract to be ended earlier than the original due date (January 2021) given the role of the TST itself as a temporary storage for Early Well Test (EWT) for the Sepat C exploration field.

Having said that, EAT’s earnings outlook is expected to remain stable with growth seen in FY21 onwards after commencement of the three new tanker contracts. Outstanding orderbook remains healthy at RM910.9m, translating to 3.3x FY19 revenue.
Source: PublicInvest Research - 1 Sept 2020
12/11/2020 5:39 PM
kong73 Oil price is creeping up slowly but surely
12/11/2020 5:40 PM
kong73 No chance for TST contract to be terminated
12/11/2020 5:41 PM
cutie An arbitral tribune has ordered EA Technique (M) Bhd (EATech) to pay Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) a sum of US$29.52 million (RM121.93 million), after hearing a dispute between the two companies over a contract.
13/11/2020 1:11 AM
flyingtomoon2020 Eatech gogogo
13/11/2020 3:12 AM
flyingtomoon2020 Post removed. Why?
13/11/2020 3:12 AM
n00b123 Koyak
13/11/2020 9:22 AM
HowAh Wow... totally got cheated
13/11/2020 10:32 AM
vcinvestor public bank is not fully taking into account the impact of the arbitration award so their RM0.41 price target is laughable.

the only way EA can meet the claim sum is via issuance of new shares which will dilute the existing shareholders like hell.
13/11/2020 10:59 AM
DODO Wow TP by PB is so high...
13/11/2020 4:41 PM
kong73 blardy eell
13/11/2020 4:59 PM
HowAh Wtf?
30/11/2020 6:44 PM
kong73 Bad Q3 result shocking
30/11/2020 7:05 PM
cendolpulut aiyooo.. mcm mana boleh rugi
01/12/2020 8:31 AM
kong73 kalah kena bayar gantirugi kepada mmhe...Q3 dia orang dah impair..but cash flow dia orang from current operation nampak ok
01/12/2020 9:59 AM
n00b123 Q3 huge loss and yet lost the court case with mmhe.. Gone case for this company
03/12/2020 9:09 AM
TokioDeals Q3 huge losses because of provision to pay mmhe. Q4 will be back in black, just look at segmental performance. Will hit 60 soon.
04/12/2020 2:52 PM
kong73 No laaa Q4 hancur TSR dah habis.. tunggu tahun depan baru ada new contract kick in
04/12/2020 9:05 PM
TokioDeals Q4 their new floating storage will continue to do well plus profit from petronas contracts. 2 new MR tankers in Q4. Improving cashflow after debt reduction exercise last year. Should at least trade above NTA and if you annualized last yr profit with 10x PE it should trade at 68 sen. But this year excluding provision to mmhe, profit could be 2x more than last year. So it can trade higher than 68 sen.
05/12/2020 4:02 PM
Dangel Today O&G and plantation theme play today!
07/12/2020 8:51 AM
JK22 How many years it need to work , to earn back the 78million lost
09/12/2020 10:27 AM
Fundamentalist91 Relax, look at the analyst reports, all give TP around 0.40, that's at least 35% upside.

The orderbook remains healthy at 800 Million+

Institutional investors are buying in, they know better, they are even scared of losing money, so they wouldn't be investing if this was a junk stock.

Rest assured and wait
10/12/2020 12:36 PM
DonWorryBeHappy Entered 29, think bottom at 28 potential upside good
18/12/2020 10:50 AM
n00b123 My queue matched @0.27..lets see when this will rebound
07/01/2021 11:07 AM
sokowanda telan kuat ikan paus.
18/01/2021 10:52 AM
DonWorryBeHappy Train to Holland someone heavily selling down
19/01/2021 3:27 PM
cendolpulut Ex MD sold their share..
19/01/2021 10:05 PM
DonWorryBeHappy Yeah he broke the major support lol
20/01/2021 4:48 PM
DonWorryBeHappy Should I average down? Looks like all time low.
09/02/2021 6:55 PM
n00b123 Dropping like no tomorrow
10/02/2021 12:40 PM
damiantreez maybe will bottom at 20 sen
10/02/2021 2:28 PM
kl_guy lagger in O&G . buy now . This boat haven't move yet.
15/02/2021 10:50 AM
n00b123 It seems like 0.23 is the bottom.. Hope it can recover from this point
16/02/2021 10:02 AM
DonWorryBeHappy Insiders disposing heavily GG liau
26/02/2021 3:00 PM
JK22 just a shareholder hold over 5%. Dispose some for use, what wrong? like retailer hold 0.00001% ,dispose 0.0000001%.
26/02/2021 5:32 PM