ya, utterly disappointing. Despite the favourable news. Too many stale stale bulls. a lot of people have given up on this counter. They rather sell and move to others.
Agreed wit u bro divine... I hold classic high..BUT i think the big boys blocking...Usually this counter can break 0.15 easily if someone goreng with no gud news two or three times a year..and cool down fast.. BUT this time gud news..n this company also gud penny stocks..Perhaps next week can start cllecting..But if collect now at 0.13..The minimal drop is at 0.125 only...As I observe the price movement becoz i play this since 2011.. Hope wit the gud news it can break 0.15 soon ...Trade at ur own risk...hepi trading
Let's do a bit of analysis. Last year EAH made 5.9 million. The announcement says it secured a project for 59 million. Assuming a net margin of 105, it comes to 5.9 million which is equivalent of the whole of last year's profit. Thus it is not logical for the share of the price to remain at current level. It's just a matter of holding power. Even if it goes up by 1 sen, it gives you a return of about 7.7% (based on closing price of 13 sen). Just be extra patient. The downside is limited with strong support at 12 sen.
Bro divine..agreed wit inwest88..the only different we r being cautious only..BUT bro inwest come out wit details that this counter should be appreciated by now..REMIND what he says A MATTER OF HOLDING POWER..tq bro divine n inwest...gud info..it help players ..tq
Normally they want to flush out the weak holders. as I mentioned the strong support is at 12 sen, which means the downside is only one sen. Even if the price goes to say, 16 sen, the upside is 3 sen. This is simple logic to hold on to the share, even it's for another year or two. Of course any price beyond 16 sen is a big fat bonus.
From The Malaysian Reserve dated 02-11-2011. In addition to the contract, EA Holdings has tendered for numerous projects with government bodies and government-linked companies (GLCs), estimated to be worth around RM100 million in total, of which the company is confident of winning a few, towards sustaining the company’s future. http://www.eah.com.my/images/PR_20111102_TMR.pdf
From The Star dated 01-11-2011. the group had tendered for numerous projects with various Government bodies and government-linked companies that were worth about RM100mil. http://www.eah.com.my/images/PR_20111101_TS.pdf
From annual report 2012 chairman's stmt : Industry Outlook And Group Prospect Malaysia’s information and communications technology (ICT) sector spending is expected to breach the US$10-billion mark for the first time in its history, according to a recent forecast by an analyst firm, International Data Corp (“IDC”). Speaking at its IDC Asean & Malaysia Top 10 Predictions for 2013 seminar here on Dec 6, Roger Ling, research manager, Asean services research group for IDC Asia/Pacific, noted that Malaysia will spend US$10.4 billion in 2013, representing a 7.7% increase from the year before (2012). (Source : Digital News Asia, 7 December 2012) Barring any unforeseen circumstances and in view of the positive developments mentioned above, the Board is optimistic of achieving a satisfactory performance for the next financial year ending 31. December 2013.
I am no expert. But one of my friends has been in the stock market for a very long time and has keen observations. In his own words yesterday evening : "My observations say its not a conman counter!cz if the collections is at 12-12.5 cts these ppl won't run at 13-14 cts cz not all the selling come from them, it oso come from public.I see they simply push down to get not low px but to get the vol:-) Should everything goes as planned I see they will push on the 3rd or 4th days trading days :-) my view only but who knows tomolo shoot up:-)"
The company is consistently making profits but its value is not reflected in its price. On the other hand there are plenty of loss making Medaq companies whose prices are higher. In fact if the price today remains at about the 13 sen level, it provides an opportunity to go in. Just my 2 cents.
Agree ! But as you know if there is no goreng, the market will be very quiet. Except for the true blue chips, most counters are being goreng one time or another. Anyway I will see who is more patient with this counter. Or maybe one day someone will sapu the counter and launch a takeover. Haha !
AWARD OF PROJECT BY LEMBAGA HASIL DALAM NEGERI MALAYSIA The Project value is Ringgit Malaysia Fifty Nine Million One Hundred Forty Thousand Only (RM59,140,000) and is expected to be completed within six (6) months from the date of the Letter of Award and will be extended for another three (3) years for licensing and maintenance services. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1347177
AWARD OF PROJECT BY LEMBAGA HASIL DALAM NEGERI MALAYSIA The Project value is Ringgit Malaysia Eleven Million Nine Hundred And Ninety Eight Thousand Four Hundred And Eighty Only (RM11,998,480.00) and is expected to be delivered over a period of three (3) years and five (5) months from 1 September 2013 until 31 January 2017.
Bro messi ..If u look back at the price movement since 2011 2012 u will see this stock will hev 2 or 3 times a year sudden play will break 0.14 very fast play in one day only.. then retreat to 0.12 - 0.13 .. Maybe this time after t+3 or + 4 since last wed ..help by the gud news the stock will start moving north at time people lost hope...i hold the shares till now at classical high ..bought in 2011...what u n inwest88 divine facal n frenz posts is of great help to players ...tq tq tq
As I mentioned even at a margin of 10% in these 2 projects, it comes to 7 million which is higher than the whole of last year's profits. It"s a matter who is more patient. I have been holding this counter for quite some time. first entry price is 23 sen and averaging all the way down to 12 sen. Good luck !
As I mentioned. for this counter it is a patience game. You will be rewarded if your patience can outlast the big boys. The upside gain is far more than the downside loss.
Just look it it logically and judge for yourself. Very high volume last thursday and friday and thus today should be selling off for contra players. But the price is holding on very well with very strong support at 12.5 sen. In fact I am queuing at 12.5 sen.
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....
messi
1,915 posts
Posted by messi > 2013-07-10 22:33 | Report Abuse
My entry price @ 16sen. Hope to see at least 30% price appreciation tomorrow. Good luck to every EAH investors.