EITA RESOURCES BERHAD (5208)

Catalyst #1

Eita bags > RM 100 million substation jobs from TNB over the last 6 months.

TNB to invest RM 90 billion for grid infrastructure (August 2023)

Huge opportunity for EITA. 

2% of RM 90 billion is RM 1.8 billion.

Catalyst #2

EITA secures 2 big orders worth RM 28 million from government data-center projects in Singapore.

Data Center is booming in Malaysia!

Huge opportunity #2 for EITA.

There are more than 10 data centers under construction across Malaysia.

source: annual report

Catalyst #3

Insiders buying!!

QL Resources Director Chia Mak Hooi and 

EITA Managing Director Lim Joo Swee are buying recently.

EITA is well known as the leading locally based elevator manufacturer, with 10% market share under its in-house brand EITA-Schneider. 

But not many know that EITA is also involved in power substation jobs (for TNB and Sarawak Energy) and design and manufacture busducts to power data centers. 

Will these 2 high growth engines power EITA to greater heights?

Appendix

Background of EITA

Substation division.

Elevators division

source: annual report