wait for announcement later after 5pm

they may force to pull out legal against kmpg

Nonsense director

Worry they later make a Utrurn like before say sack KPMG then Uturn

yeh sold all

wow than i will whack more to sell later.Goreng to let us make.Good company

no worry

maybe .68

selling when .65

but buy back more at .62

sold all at .57

sell on rebound

SD is only a small portion of epf portfolio and they may lose here but overall this just peanut,So what they lose ?they have other portfolio to cover

sell sell sell !!!any rebound is opportunity to sell now

Its our chance before it goes back below .60 again

they are pushing it high to off load their shares and we dont get con into this as they need to off load their shares which is a lot.So now is the time we should sell starting from.68

Thursday and Friday heavy volume due again.Tomorrow better sell on any rebound before they sell.Today they sell a lot and remember tomorrow any rebound is a BIG chance to run

remember the .805 to .85 story last week?after let you make some gain 2 days they sell down.Beware they will sell below .60 very soon

most got burn

retailers just trying their luck

Funds changing hands.Some think cheap they buy and some selling.Currently selling is overwhelming

epf start selling since 2/6 ..what about from 3/6 till now.Not transparent enough.After so many days just announce.Malaysia boleh

They will die standing if they continue to let it slide

Big boys still holding a lot of shares

drop too fast

epf sold 680k shares only on 2/6

those cantra kaki avoid this counter.If can pick up can fight.Contra sure die

last minute contra kaki koyak.

This level is a bargain.Drop below .80 will cause Margin call for big boss.So heavy support there.Below .90 still very good buy.Opportunity now

Why sell now?At this price its a bargain already.The audit issue is already discounted in the price.Hold to your position.

dont worry abt the downgrade.It will affect the portfolio of foreign investment only.most shares is in local hands.Not to worry.It will be around this level till the audit is done

when is the agm

this counter down buy up sell la

and also different industry.I person that manage a company well doesnt mean that he will be able to manage another company well too.We have to be more mature here.Luster is too heavy already

Luster unlike Penta its very heavy and too many shares

Dont worry Be Happy.Damage is done.Just sit back and relax and wait la.Not that this company is a PN17 company.Its a money making company with strong dividend and good management.Whatever have happen will soon pass.Eita is still a good company in long term.

KUALA LUMPUR (Feb 22): EITA Resources Bhd, which makes elevator and busduct systems, saw its net profit for the first quarter ended Dec 31, 2020 slip 0.71% to RM6.03 million from RM6.07 million a year ago, on lower revenue.

The group’s quarterly revenue fell 5.53% to RM66.15 million, from RM70.02 million a year ago, its filing with Bursa Malaysia showed.

The group said the fall was due to lower revenue from marketing and distribution, manufacturing and high voltage system segments.

“However, this was mitigated by higher revenue from the services segment,” it said.

The group did not declare any dividend for the quarter under review.

With the current order book and ongoing projects in hand, barring any unforeseen circumstances, Eita Resources said the board of directors expects the group to achieve satisfactory results for the financial quarter ending March 31, 2021.

“With the Covid-19 pandemic expected to continue to impact the general business environment, the group’s prospects in 2021 remain challenging.

“However, the group will continue to be vigilant to the changes in the external environment,” it said.

EITA Resources shares closed 6.5 sen or 6.31% lower at 96.5 sen today, valuing the group at RM267.8 million.

CGS-CIMB
believes
EITA deserves 'better valuation'
Hamsaveni Visuvaseven
/
theedgemarkets.com

February 08, 2021 11:48 am +08

CGS-CIMB believes
EITA deserves 'better valuation'
-A+A
KUALA LUMPUR (Feb 8): CGS-CIMB Research believes that EITA Resources Bhd deserves a better valuation as the elevator and escalator maker aims to enhance its overseas revenue.

The research house reiterated its "buy" call on the stock and raised its post-bonus issue target price to RM2.08 from RM2.06. The target price of RM2.08 values the stock at 20 times CY22F P/E (from 10.5 times) which CGS-CIMB said is at about a 30% discount to the global elevator makers’ weighted average 12-month forward P/E of 31 times.

CGS-CIMB’s analyst Kamarul Anwar pointed out that EITA’s net cash rose from RM11.9 million at end-FY9/13 to RM41.2 million at end-FY9/20.

“We also raise our FY9/21-23F net profit forecasts by 4-10% as the company assures us that its operations are not disrupted by the partial lockdowns due to Covid-19,” he said in a note today.

“Earnings from its elevator construction segments should also accelerate as many of the projects in hand are in advanced stages,” he added.

Kamarul also shared that the elevator and escalator maker had disclosed its aspiration of raising its revenue from RM284.1 million in FY9/20 to RM1 billion per annum (p.a.) by FY25 during a conference call last month (Jan 29).

During the session, the group also noted that it is aiming for revenue to grow by over 252% in five years, bringing revenue compound annual growth rate (CAGR) to 28.6%.

Nevertheless, Kamarul said CGS-CIMB is not adopting EITA’s internal ambition as guidance for his forecasts.

“It (EITA) envisions that a sizeable part of the hypothetical RM1 billion per annum revenue would come from mergers and acquisitions (M&As). Without more details, the impact of acquisitions is not something we can forecast,” Kamarul said.

“Besides, EITA’s plans to aggressively grow its overseas operations would require the company to compete directly with established global elevator players. East Asia has become the Mecca for global elevator and escalator manufacturers since this developing region is looking towards high-rise buildings as an economical solution to house the rapidly increasing population. One risk from the stiff competition, we foresee, is it may stifle the group’s plan to build up its overseas revenue,” he added.

He noted that the potential re-rating catalysts include earnings-accretive M&As, new infrastructure-related contract wins and rousing growth in overseas sales. Meanwhile, a total economic lockdown is a downside risk for the stock, he added.

At the time of writing, EITA’s stock was down 3.48% or four sen to RM1.11.

Sell down?

HSR terminated.How?

can i still buy?

can i still buy now?

be cautious

topaz heavy due tomorrow

PH to take over again.Fall again

run for your life.Rights issue is on the way.Good con job

agree with cybergreen.What type of advice and opinion tht some people write shows their personality and helping more people get con.Stay away from PUC.

Lets dontt waste our time analysing a con man counter.Whatever they do is to con you and you will still end up dead.Good luck to those that believe so much in puc last fee days.Look how they con and make you poor.Many counters have recover buy our beloved con puc still at their very best all time low.Good job con man

as usual its call a con man counter and it still is.never change.Dont buy

adam afvice to stay away from this counter.They are going to consolidate soon.