Great article! I am so bullish with oil and gas counters for 2023 and 2024. Oil price will rally with China is opening up. Expect brent to go above usd100 and more offshore activities will be activated. All oil and gas related companies will get the benefits including supply vessels companies like eatech. Between all of them my top pick is eatech because of the turnaround story and attractive valuation. I think it will give 400-500pct yield from current price range
substantial shareholder Dato Abdul Haq is no longer in the company. Most of his shares were forced sell by the banks. Heard that his stakes are almost 0 to date. Thats why we shall wait for the new whiteknight that soon will emerged as a new substantial shareholder.
Besides, looking at the recently appointed management team, especially the CEO , Nasrul Asmi , he had extensive background in marine & shipping industry since he was a VP in marine & shipping specialist, RHB bank prior to join Eatech. On a side note, Nasrul was appointed by Jcorp as head honcho to spearhead Eatech's restructuring its business and financial performance.
Despite the selling by Dato haq, no 1 substantial shareholder which is sindorra (subsidirary of jcorp) did not dispose a single unit. So no issue on that.
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2958 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Whiteevoque
292 posts
Posted by Whiteevoque > 2022-12-30 22:46 | Report Abuse
Great article! I am so bullish with oil and gas counters for 2023 and 2024. Oil price will rally with China is opening up.
Expect brent to go above usd100 and more offshore activities will be activated.
All oil and gas related companies will get the benefits including supply vessels companies like eatech.
Between all of them my top pick is eatech because of the turnaround story and attractive valuation. I think it will give 400-500pct yield from current price range