At last, gogogo MK Land.

Are you sure today and tomorrow no power? Thursday is a public holiday, Friday is the last day of trade for the week. Any day the news can be out. Have you look at SEALINK recently? How the offshore vessel industry are in high demand right now? Ask anyone in O&G marine industry how busy are they now.

EATECH is in 'ready' mode.

Second quarter 2023 earnings released: EPS: RM0.015 (vs RM0.008 loss in 2Q 2022)

Second quarter 2023 results:

EPS: RM0.015 (up from RM0.008 loss in 2Q 2022).
Revenue: RM33.9m (down 11% from 2Q 2022).
Net income: RM7.80m (up RM11.8m from 2Q 2022).
Profit margin: 23% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses.

Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings but still profitable company. The PN17 status has no effect on the company earning.

E.A. Technique (M) Berhad reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MYR 33.9 million compared to MYR 37.97 million a year ago. Net income was MYR 7.8 million compared to net loss of MYR 4.02 million a year ago.

Basic earnings per share from continuing operations was MYR 0.0147 compared to basic loss per share from continuing operations of MYR 0.0076 a year ago For the six months, sales was MYR 68.21 million compared to MYR 68.67 million a year ago. Net income was MYR 15.29 million compared to net loss of MYR 8.61 million a year ago. Basic earnings per share from continuing operations was MYR 0.0288 compared to basic loss per share from continuing operations of MYR 0.0162 a year ago.

Through Sindora, the Johor government investment arm holds a 50.05% stake in EATech. JCorp is also an indirect shareholder of EATech through the 2.43% stake held by Kulim (M) Bhd.

just CL this counter, not worth it. To risky. Internal problems like a broken family, looks normal but messy and anytime can collapse.

Looking at the weekly and monthly chart, the pattern is good. No overbought on weekly & monthly chart. If you swing or proposition trader, still no signal for sell. But TAYOR.

Eatech will leave PN17 soon.

Although EA Technics (EATECH, 5259, Main Board Transportation and Logistics Stock) is a PN 17 company, its stock remains active, with the stock price forming an upward trend line between September 2022 and March 2023.

Subsequently, this uptrend line was broken and the stock entered into a roughly 4-month sideways consolidation. However, after the consolidation phase ended, the stock price broke through the Ichimoku Cloud on the technical chart and started a new upward trajectory.

Resistance = RM0.34, RM0.385 Support = RM0.22 to RM0.24

do you know?

On February 25, 2022, EA Technology was officially included in the list of PN17 companies by Bursa Malaysia, because its shareholder fund as of December 31, 2021 was RM5.96 million, accounting for less than 50% of its share capital of RM179.76 million , and the auditors have identified material uncertainties related to the going concern of the business in their latest audited financial statements for the year ended December 31, 2020.

After falling into PN17, the company needs to submit a restructuring plan to the Securities Regulatory Commission (SC) and the stock exchange within 12 months, and obtain approval for implementation, otherwise it will face the doom of delisting and delisting. However, the company failed to

This, and apply to the exchange for a 6-month grace period, extending to August 24, 2023 to submit the restructuring plan.

According to the latest quarterly report, the company's shareholders' funds/equity ratio has improved significantly compared to the past 3 quarters, as the company managed to regain money after a period of losses.

In addition, EA Craft is currently a business that continues to operate, although currently a PN 17 company, the company is constantly looking for new business and contracts.

In an exchange filing dated Aug 4, 2023, the company had secured two contracts with customers for the supply and operation of marine tankers worth RM12.62 million.

As of June 30, 2023, the company has a total order book of RM197 million with a renewable value of RM294.1 million.

One of the major contracts secured by EA Craft is the contract with PETCO Trading Labuan to provide long-term charter services for new tankers. The contract value is approximately RM100.63 million.

in conclusion:

In order to get rid of the PN 17 status, EA craft must meet two conditions: 1. Increase the shareholder fund to more than 25% of the issued share capital (excluding treasury shares; 2. Shareholder fund reaches at least RM40 million. According to the latest quarterly report, The company has met these conditions.

The company has worked extremely hard to get out of PN17 status.

This determination is further underscored by recent contract wins and strong orders, illustrating the company's commitment to recapture its strong market position.

In addition, EA Craft stock has recently set off a new wave of gains. Is this the first sign of a company leaving PN17 status?

The 2023 Q2 performance report released on August 24, 2023 shows that EA Process's financials continue to improve, further increasing the possibility of the company getting rid of PN17 status.

However, as with any investment, it is important to conduct thorough research and consider one's risk tolerance before making a decision. If the company fails to make favorable adjustments in a timely manner, there is still a risk of delisting. So readers, buy and sell at your own risk.

The main segment of business EA Craft is the tanker charter segment which deals in marine tankers for the transportation and offshore storage of oil and gas and provides port and marine services. The company also owns and operates marine tankers. The following is a breakdown of the sectors: Maritime Transportation and Floating Storage Units/Floating Oil Storage Units (FSU/FSO)‧Its product tankers are used to transport refined petroleum products from petroleum refineries to end users. ‧ FSU/FSO are usually used as storage facilities for offshore oil and gas. ‧Fast work boats are mainly used to transport personnel between shore and platform, platform and platform or other offshore facilities.

Port marine services provided by Port Marine Services include tugboat services, which involve towing, pushing or maneuvering ships.

Ship Engineering Services Ship engineering services cover shipbuilding and ship repair.

The Other operating segment includes mooring services activities.

Just like seacera u mean @kawkawhoot?

Power will come when the rumours on uplifment pn17 is emerging.

Buying pressure at 0.26. They want to collect more.

Morning all, we can see new registered profile has been made and come here to talk on Eatech. Eatech has gain spotlight again now.

Based on the reports, they are still in the midst of preparing the reg plan. That’s the next big news of Eatech. Expect bull run like Bplant.

What a surprise! So that’s the good news hah. A solid profit from Q2 2023 report. Now Eatech has 4 consecutive positive QR. No way it gonna stay PN17 until end of this year. Yes, Eatech is a giant Phoenix that will rise from the ash. No Friday rule for Eatech tomorrow.

Thats all folk. Let see what the news

gatekeeper at 0.265. Or force selling. Hard to sustain 0.27.

why keep throwing at 0.265???

Let see for the 2nd wave after 4:30pm.

1 hour more, still some roadblock to face. Seems the smart money have the news already.

Heavy buy in now, just touch 0.27.

this make me nervous, feels like deja voo during TS Rashid time.

after 2:30 still no power. Arent they suppose to submit the reg plan to sc by today?

Road block ahead. Need more ticket to collect I guess.

For those has been collect from my suggestion at 0.17 cents, I hope you guys can get what I got before this with EATECH. 1000% and 100% is real. If it hit 0.34 again, 100% is in your hand. Be greedy when others are fear. If today it hit LU, tomorrow it will gap up and moribozu too.

@thecrown, you still hold bro?

Morning all, let see how the chart will reflect the incoming good news today. Will they 'whipsaw' all the weak traders, push it or no reaction at all. Grab some popcorn.

Thanks guys

@eatgreen, where do you get the info on the date of next qr?

No rebound yesterday? need to be carefull now

Buying pressure at 0.245 now.

PSA, tomorrow is the day. There will be turbulence, behold.

Morning all, heavy profit takings has been done yesterday and that’s is good. Remember, a healthy stock is not always going upwards. Let’s see, what EATECH will bring us today. Cheers

Massive sell off after 4;30.

someone put a roadblock at 0.135, they want to collect more at 0.13 and below.

Sudah collect massively at 0.13 this morning. Rebound will happen today. Ready to take off with the good news. See money take money.

The income will reflect on Q4 2023 I guess. The price seems to retrace it support at 0.18 to 0.19.

Power plant profile: MK Land Resources Sdn Bhd Solar PV Park, Malaysia

Description
The project is being developed and currently owned by Solar Citra Sdn. The company has a stake of 100%.

MK Land Resources Sdn Bhd Solar PV Park is a ground-mounted solar project.

The project is expected to generate 22,735MWh of electricity.

Development status
Post completion of the construction, the project is expected to get commissioned in December 2023.

Power purchase agreement
The power generated from the project will be sold to Tenaga Nasional under a power purchase agreement for a period of 25 years.

Renewable energy investments in SE Asia seen topping US$76b by 2025

KUALA LUMPUR (Aug 21): Southeast Asian national oil companies (NOCs) and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives with investments set to exceed US$76 billion (RM353.1 billion) from 2023 to 2025, according to Rystad Energy.

https://theedgemalaysia.com/node/679525

Similarly, Gentari, a wholly-owned subsidiary of Petronas, has made substantial investments in solar capabilities, seeking to harness the nation's considerable renewable energy potential.

RE is a hot business right now.

Collect before 24th of August and set your CL because the price either fly to the moon or go south to Holland just like previous announcement of TS Rashid takeover.

The news of EATECH will be out from PN17 just like Seacera is wilddd.

Got collect some more at 0.215.

Good news incoming. ;)

I will collect more today!

No power today.

smart money has aboard the ship. Lets go

buying pressure just in.

Buying pressure flooding in.

https://theedgemalaysia.com/node/679143

RE industry is on fire now

Gap down and no power. But the only resistance is at 0.235.

Morning, let see either MK Land breakthrough the 0.235 resistance or retrace back.