PublicInvest Research

TECHNICAL BUY: EITA (5208)

PublicInvest
Publish date: Mon, 25 Nov 2024, 09:07 AM
PublicInvest
0 11,357
An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical chart: EITA

Key Technical Analysis
Last closing price: RM0.725
Support Level Share Price Resistance Level Share Price
1st Support 0.700 1st Resistance 0.790
2nd Support 0.650 2nd Resistance 0.825
3rd Support 0.600 3rd Resistance 0.855

Description

EITA is a leading supplier and manufacturer of EITA-Schneider® Elevator Systems and Furutec® Busduct Systems.

Fundamentals

The Malaysian economy is set to grow, driven by construction, services, and manufacturing, supported by the New Industrial Master Plan 2030 and government facility upgrades, benefiting the Group's business.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) 6.45 20.22 -12.85
Normalised net income growth (%) 28.30 -2.67 -39.85
Return on equity (%) 10.38 9.19 4.97
Return on asset (%) 6.31 5.54 2.95
Price earnings ratio (x) 11.05 10.22 17.12
Price to book ratio (x) 1.11 0.91 0.84
Debt to equity ratio (%) 21.34 23.03 33.56

Source: PublicInvest Research - 25 Nov 2024

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