E.A.TECHNIQUE (M) BERHAD

KLSE (MYR): EATECH (5259)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.30

Today's Change

+0.005 (1.69%)

Day's Change

0.295 - 0.30

Trading Volume

6,497,600


8 people like this.

2,848 comment(s). Last comment by DoubtfulBsk 1 week ago

Posted by Fundamentalist91 > 2020-12-10 12:36 | Report Abuse

Relax, look at the analyst reports, all give TP around 0.40, that's at least 35% upside.

The orderbook remains healthy at 800 Million+

Institutional investors are buying in, they know better, they are even scared of losing money, so they wouldn't be investing if this was a junk stock.

Rest assured and wait

Posted by DonWorryBeHappy > 2020-12-18 10:50 | Report Abuse

Entered 29, think bottom at 28 potential upside good

n00b123

165 posts

Posted by n00b123 > 2021-01-07 11:07 | Report Abuse

My queue matched @0.27..lets see when this will rebound

sokowanda

356 posts

Posted by sokowanda > 2021-01-18 10:52 | Report Abuse

telan kuat ikan paus.

Posted by DonWorryBeHappy > 2021-01-19 15:27 | Report Abuse

Train to Holland someone heavily selling down

Posted by cendolpulut > 2021-01-19 22:05 | Report Abuse

Ex MD sold their share..

Posted by DonWorryBeHappy > 2021-01-20 16:48 | Report Abuse

Yeah he broke the major support lol

Posted by DonWorryBeHappy > 2021-02-09 18:55 | Report Abuse

Should I average down? Looks like all time low.

n00b123

165 posts

Posted by n00b123 > 2021-02-10 12:40 | Report Abuse

Dropping like no tomorrow

Posted by damiantreez > 2021-02-10 14:28 | Report Abuse

maybe will bottom at 20 sen

kl_guy

1,570 posts

Posted by kl_guy > 2021-02-15 10:50 | Report Abuse

lagger in O&G . buy now . This boat haven't move yet.

n00b123

165 posts

Posted by n00b123 > 2021-02-16 10:02 | Report Abuse

It seems like 0.23 is the bottom.. Hope it can recover from this point

Posted by DonWorryBeHappy > 2021-02-26 15:00 | Report Abuse

Insiders disposing heavily GG liau

JK22

1,789 posts

Posted by JK22 > 2021-02-26 17:32 | Report Abuse

just a shareholder hold over 5%. Dispose some for use, what wrong? like retailer hold 0.00001% ,dispose 0.0000001%.

Tesla

905 posts

Posted by Tesla > 2021-03-01 15:49 | Report Abuse

datok lim also dispose Gau gau.... means what?

Posted by DonWorryBeHappy > 2021-03-01 21:52 | Report Abuse

They have to dispose to meet public shareholders spread, got dateline until June 9 only

n00b123

165 posts

Posted by n00b123 > 2021-03-02 18:14 | Report Abuse

Gone case.. Its like the company will not survive

HowAh

963 posts

Posted by HowAh > 2021-03-03 19:25 | Report Abuse

How come no quarterly results?

Tesla

905 posts

Posted by Tesla > 2021-03-05 13:19 | Report Abuse

course case done already? how much to pay? impairment gao gao this Q?

n00b123

165 posts

Posted by n00b123 > 2021-03-08 09:28 | Report Abuse

Being ordered to pay MHB RM122 millions.. Major shareholders keep dumping
I've cut loss.. Gave up

https://www.thestar.com.my/business/business-news/2020/11/12/arbitral-tribunal-orders-ea-technique-to-pay-mhb-us29m

TokioDeals

123 posts

Posted by TokioDeals > 2021-03-08 13:58 | Report Abuse

Gone case?

dompeilee

11,889 posts

Posted by dompeilee > 2021-03-09 07:48 | Report Abuse

Chua Sai Men had 4,927,000 shares in this sinking boat in May last yr LOL!

JK22

1,789 posts

Posted by JK22 > 2021-03-09 10:15 | Report Abuse

Didn't this impair already known since Nov and Dec and was mentioned in last QR . Before Nov or DEC , this counter is above 0.30cts or even at 0.40cts . Thereafter the news of losing court battle , it stay in range 0.22 to 0.26+++ since.

Posted by ValueInvesting > 2021-03-09 14:31 | Report Abuse

In the previous quarter EATECH has made a provision of RM42.6millon for the EPCIC dispute. With the final settlement sum at RM104.7million, they would need at least an additional provision of RM62.1million (unclear what are the agreed payment terms or if this is still subject to negotiations). No doubt that this will seriously drag performance for at least another 2 quarters and the share price will likely remain suppressed for some time unless there are any positive surprises.

However, as at 30.12.2020, the company still has an outstanding order book of RM867.6m and global oil prices have finally recovered to pre-covid-19 levels. As long as the company can survive its current financial problems (which is truly quite difficult), there is a huge potential for its share prices to recover and rebound strongly. With current prices bouncing around RM0.21-0.22, Public Invest's latest TP at RM0.41 marks a 86.36% upside potential.

HowAh

963 posts

Posted by HowAh > 2021-03-09 17:31 | Report Abuse

So next quarter, impairment again.... Big loss again...but at least it's settled

JK22

1,789 posts

Posted by JK22 > 2021-03-09 20:45 | Report Abuse

https://klse.i3investor.com/servlets/ptres/59020.jsp

Markets
E.A. Technique (Outperform, TP: RM0.41): Settles with MHB over contract dispute. E.A. Technique (M) has reached a USD25.5m settlement with Malaysia Marine and Heavy Engineering (MHB) over their dispute concerning a 2015 floating storage and offloading conversion project. (The Edge) Comments: While this development is undoubtedly not in EAT’s favor, it is somewhat helpful toward the Group’s prospect moving forward. The settlement amount is ~14% lower than the amount that EAT was ordered to pay by the Arbitral Tribunal. There will be no impact to the Group’s profit and loss statement as it has made provision in 3QFY20. Nonetheless, concerns may now arise on how EAT will pay this amount with cash outstanding of only RM24.1m as of September 2020. While existing cash flow generation may be somewhat supportive, EAT does have three tugboats and a crane worth an estimated USD12m used as collateral which they could dispose. There is no disclosure of other terms in the settlement agreement such as due date, payment structure etc which we believe it is still under negotiations.

ratha52

121 posts

Posted by ratha52 > 2021-03-09 21:03 | Report Abuse

its ups and downs situation. hope the situation will go in positive direction.

Davidl

1,816 posts

Posted by Davidl > 2021-03-10 08:17 | Report Abuse

Right issue coming soon!

JK22

1,789 posts

Posted by JK22 > 2021-03-10 10:56 | Report Abuse

@ Davidl ..... No fact , don't simply post your own thinking to sound like a statement.

n00b123

165 posts

Posted by n00b123 > 2021-03-15 09:17 | Report Abuse

Price will not go up until Lim Chai Beng disposed all his holdings

Posted by Edwardong53 > 2021-03-15 18:49 | Report Abuse

Only Public Invest has been recommending this counter to buy and collect since 2017

Posted by Edwardong53 > 2021-03-15 18:51 | Report Abuse

If I am not wrong, Public Invest has been recommending ppl to buy many times since last year

Jeffreyteck

4,247 posts

Posted by Jeffreyteck > 2021-03-15 20:12 | Report Abuse

Very good results for management and bod, lol.

HowAh

963 posts

Posted by HowAh > 2021-03-15 20:23 | Report Abuse

Y results so bad ah?

Isabelle

126 posts

Posted by Isabelle > 2021-03-15 20:30 | Report Abuse

Yes public invest keep asking

Isabelle

126 posts

Posted by Isabelle > 2021-03-15 20:49 | Report Abuse

Izzit because of the court case? Or?
My entry price was 0.4xx. Haizzz

Posted by battosai123 > 2021-03-15 21:29 | Report Abuse

operation loss nothing to do with court case (read the star).....just hope for the best guys...cut if keep going down no choice...Sxxx

Isabelle

126 posts

Posted by Isabelle > 2021-03-15 21:32 | Report Abuse

Hope bursa style still ongoing.bad qr = up

Isabelle

126 posts

Posted by Isabelle > 2021-03-15 21:40 | Report Abuse

Haiz. Mean gone

JK22

1,789 posts

Posted by JK22 > 2021-03-15 22:22 | Report Abuse

You could be possible right .. because the demanded price is for future prospect not past . The Oil rally and recovery terms will be a help here .
+++++++++
@Isabelle Hope bursa style still ongoing.bad qr = up

Isabelle

126 posts

Posted by Isabelle > 2021-03-15 22:27 | Report Abuse

Jk22. Hpe so.

Hope the previous lower price already priced in

Jjkcl

883 posts

Posted by Jjkcl > 2021-03-15 22:49 | Report Abuse

Already low price, cannot take pants away.

Isabelle

126 posts

Posted by Isabelle > 2021-03-15 22:51 | Report Abuse

Looking forward bursa miracle

n00b123

165 posts

Posted by n00b123 > 2021-03-16 09:52 | Report Abuse

Koyak again

Isabelle

126 posts

Posted by Isabelle > 2021-03-16 20:20 | Report Abuse

Hope stop koyak again tml

n00b123

165 posts

Posted by n00b123 > 2021-03-19 17:03 | Report Abuse

Possibly will go below 0.2

Posted by TanHuatHeng > 2021-03-19 21:02 | Report Abuse

Huat ah

m16454

227 posts

Posted by m16454 > 2021-03-22 10:52 | Report Abuse

OTW to 0.10

n00b123

165 posts

Posted by n00b123 > 2021-03-22 11:10 | Report Abuse

0.2 is the support level.. If broken, then gone case

Post a Comment
Market Buzz