EONMETALL GROUP BHD

KLSE (MYR): EMETALL (7217)

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Last Price

0.395

Today's Change

-0.005 (1.25%)

Day's Change

0.395 - 0.40

Trading Volume

325,400


4 people like this.

1,178 comment(s). Last comment by lassy 2023-11-03 11:36

SSTT

240 posts

Posted by SSTT > 2020-11-23 19:54 | Report Abuse

EONG01-A2010-IQL-23112020-00003-R2 2 of 2 1 not aware of any corporate development relating to EGB and its subsidiaries (“Group”)’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation / discussion save for the Company is currently in negotiation / discussion to purchase an equity interest of 51% in a company, of which its intended principal activity is in the production of medical grade (nitrile) gloves and non-medical grade gloves (“Proposed Acquisition”). The purchase consideration for the Proposed Acquisition is envisaged to be satisfied via issuance of new shares in EGB. A memorandum of understanding is expected to be executed between the parties and announced to Bursa Securities in due course. Thereafter, the parties will negotiate to formalise the detailed terms and conditions to the Proposed Acquisition;

Posted by Creativeteam > 2020-11-23 22:33 | Report Abuse

Whats the price of new issuance given that the company has nta than current market price

Henry Tie

57 posts

Posted by Henry Tie > 2020-11-23 22:45 | Report Abuse

good news?

Chi3n123

10 posts

Posted by Chi3n123 > 2020-11-23 23:07 | Report Abuse

Reply to Query, The company is currently in negotiation/discussion to purchase an equity interest of 51% in a company, of which its intended principal activity is in the production of medical grade (nitrile) gloves and non-medical grade gloves.

Chi3n123

10 posts

Posted by Chi3n123 > 2020-11-23 23:08 | Report Abuse

“The company”is another steel company?

kklim1990

31 posts

Posted by kklim1990 > 2020-11-23 23:13 | Report Abuse

haven't announced yet but they're in midst of dealing with all the paper work expect to announce soon.

Henry Tie

57 posts

Posted by Henry Tie > 2020-11-23 23:16 | Report Abuse

what you think the share tomorrow?

Henry Tie

57 posts

Posted by Henry Tie > 2020-11-23 23:44 | Report Abuse

only god knows

Kent33888

109 posts

Posted by Kent33888 > 2020-11-23 23:53 | Report Abuse

Tomorrow price is unpredictable, because being chase by investor, so invest with your own risk...but heard tomorrow still crucial moments, for eon metal :) good luck

Kent33888

109 posts

Posted by Kent33888 > 2020-11-23 23:58 | Report Abuse

Their targets reached , by their employees news... Penang friend told... 50-80sen...i regret did not trust,and miss out this boat...fundamental is fine

calvintaneng

53,703 posts

Posted by calvintaneng > 2020-11-24 07:25 | Report Abuse

Sell and run now.
Or end up like those trapped in mmag or Gets

Go buy real profit making palm oil stocks now

kklim1990

31 posts

Posted by kklim1990 > 2020-11-24 08:32 | Report Abuse

A lot people think it will be the same story like vivocom mmag or gets, but Eon Metal is build totally the different from other it have NTA 1.31 ringgit to support it price and metal line is profiting due to spike of the metal price.

Posted by Creativeteam > 2020-11-24 10:44 | Report Abuse

TP rm1.30 due to busines expansion n nta n low market cap

Jokers2020

2,006 posts

Posted by Jokers2020 > 2020-11-24 11:08 | Report Abuse

haha..again another con to acquire glove company stake...sama story like salcon

Posted by Creativeteam > 2020-11-24 21:49 | Report Abuse

Caught up with old friends who say export business is very good. Coming QR could be good n valuation is catching up with fundamentals.

kentrade888

1,559 posts

Posted by kentrade888 > 2020-11-25 11:10 | Report Abuse

IQGROUP (5107)QR is about to be announced and can continue to be collected now.

SSTT

240 posts

Posted by SSTT > 2020-11-25 19:28 | Report Abuse

Hope today annoucement can help this stock up 0.05cents tomorrow.

Posted by Creativeteam > 2020-11-25 20:12 | Report Abuse

Should be more than 5sen. Profit guarantee rm100m x 51%= rm51mill is more than what emetall have making yearly.

Posted by Creativeteam > 2020-11-25 20:40 | Report Abuse

Most years profit less than rm5mill. Now rm50m

SSTT

240 posts

Posted by SSTT > 2020-11-26 11:18 | Report Abuse

Gg. Com... 0.05cents up pun tak ada

Posted by OngOngBoskur > 2020-11-27 09:37 | Report Abuse

the real counter shd be another steel company under same boss.... lsteel..... they push this counter to trap... thn goreng lsteel... GL

Posted by Creativeteam > 2020-11-27 23:01 | Report Abuse

Result improving. With glove business better results will be achieved

ykloh

510 posts

Posted by ykloh > 2020-11-28 17:39 | Report Abuse

MOU with yet to start a glove manufacturing business. Very entertaining.

Posted by Creativeteam > 2020-11-28 21:42 | Report Abuse

Production lines are being installed already estimated 60%

Posted by darkmagician > 2020-11-29 16:04 | Report Abuse

Hopefully can goreng like gets.. but this one got fundamental..

Posted by Creativeteam > 2020-11-30 22:18 | Report Abuse

Rubber glove counters eps are so good announced by comfort rubberex recently means invitation for new entrants into the industry.

Assuming 50% profit of established producers it would also contribute significantly since most of their businesses are so so only.

One can conclude further upside in their share prices if the market cap is small.

Posted by Creativeteam > 2020-12-02 20:47 | Report Abuse

With current fear of similar happening of covid 19 n foreign workers
accomodation to other glove companies this will benefit new entrants
which will fill up the supply gap

carilembu

1,224 posts

Posted by carilembu > 2020-12-03 09:45 | Report Abuse

go go break 86

Posted by Creativeteam > 2020-12-06 08:15 | Report Abuse

Current orders from TG already diverted to other small sme mfg co n they have orders filled up until 2Q next yr. TG loss of production est 90bill/50% for 2weeks
So Emetall AT etc could easily locked in orders now with the view that buyers must diversify
source of supply going forward.

carilembu

1,224 posts

Posted by carilembu > 2020-12-07 16:21 | Report Abuse

awaiting rotational play

Posted by Creativeteam > 2020-12-07 20:30 | Report Abuse

Emetall fabricates palm oil fruits extration plants for big companies. Now that palm oil prices have gone up so much it is more impt to fully extract out the oil.
Bright future ahead given diversification into glove production.

Jay2020

560 posts

Posted by Jay2020 > 2020-12-08 08:58 | Report Abuse

Collect more before price spike ...

yongyong88

394 posts

Posted by yongyong88 > 2020-12-08 17:07 | Report Abuse

LOOKS MORE LIKE GOING TO DROP MORE THAN SPIKE. LET'S SEE WHETHER I M RIGHT OR U R WRONG

ivanlau

1,333 posts

Posted by ivanlau > 2020-12-08 20:14 | Report Abuse

the fair value of eonmetall till March 2021 only 60 cents...... now consider overvalue .

Posted by Creativeteam > 2020-12-08 21:33 | Report Abuse

Pls enlightened how 2 derive fair value at 60sen. Tqvm

yongyong88

394 posts

Posted by yongyong88 > 2020-12-09 10:31 | Report Abuse

so many ppl talk coxk here simply give valuation without proof. Look at bintai, hwgb, solution, their valuation are so much much lower than 0.60 yet spike to rm1 plus

Jay2020

560 posts

Posted by Jay2020 > 2020-12-09 10:37 | Report Abuse

Accumulate & keep....

yongyong88

394 posts

Posted by yongyong88 > 2020-12-10 09:15 | Report Abuse

bila mau break 80?

Posted by Creativeteam > 2020-12-10 10:36 | Report Abuse

Once trial production starts should move up.

Jay2020

560 posts

Posted by Jay2020 > 2020-12-10 11:19 | Report Abuse

Collect more ...

yongyong88

394 posts

Posted by yongyong88 > 2020-12-11 08:47 | Report Abuse

still waiting for SPIKE ah? Think he left the building days ago

Jay2020

560 posts

Posted by Jay2020 > 2020-12-11 09:43 | Report Abuse

Be patience will be rewarded ...hold!!

ivanlau

1,333 posts

Posted by ivanlau > 2020-12-14 20:25 | Report Abuse

------------ quote ---------
Stock: [EMETALL]: EONMETALL GROUP BHD

Dec 8, 2020 8:14 PM | Report Abuse

the fair value of eonmetall till March 2021 only 60 cents...... now consider overvalue .
--------- unquote ----

today closing 0.625

Posted by Creativeteam > 2020-12-23 13:44 | Report Abuse

Now moving upwards already

Jay2020

560 posts

Posted by Jay2020 > 2020-12-23 15:25 | Report Abuse

Accumulate more before rocket start ...

Jay2020

560 posts

Posted by Jay2020 > 2020-12-23 16:12 | Report Abuse

Slowly , steady & surely ....gogogo

Posted by Creativeteam > 2020-12-23 23:20 | Report Abuse

Insider buying lately which means positive outlook with glove coming into operations

Jay2020

560 posts

Posted by Jay2020 > 2020-12-24 08:34 | Report Abuse

Emetall, new star in year 2021 !!

jinghee

134 posts

Posted by jinghee > 2020-12-28 15:18 | Report Abuse

anyone know what is steel storage? They keep and store a lot of steel? If so, with the current price hike, next quarter their earning will be booming?

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