Share buy back 10pct! Power eatech got cash now to boost share price. Next will be dividend. Reg plan also has received bursa’s comment and resubmit to include pp
Somebody talking when he know shit abt corporate restructuring & only read the headlines. This particular counter the white knight inject RM60 mil to get the shares at discount. Seems fair for an investor coming during PN17 period. Read the reg plan thorougly esp on the prospects this white knight bringing on the table
Yup so unprofessional how jjptr made that statement when know nothing about corporate exercise. Eatech is not goreng company, they have more than 20 vessels and have long term contracts with Petronas and other clients (not relying on speculative gov contracts) Tan sri rashid is very respectable business figure who COFOUNDED Ecoworld. Look at where is ecoworld now JJPTR. Eatech just announced 10pct share buy back when thy are still PN17, and soon dividend will be installed. They are looking for growth and to the next level with tan sri rashid as the head honcho. Give it a year and then u can judge. Oil and gas is bullish until 2025 and i am sure there will be more long term contracts for eatech with new assets
From a technical analysis perspective, E.A. Technique Berhad (EATECH) is currently trading in a sideways trend. The stock has been trading between the support level of RM0.1700 and the resistance level of RM0.1850 for the past few months. The RSI indicator is currently at 50, which indicates that the market is neither overbought nor oversold. The MACD indicator is also showing a neutral signal.
The overall technical analysis suggests that EATECH is in a neutral trend. The stock is likely to continue to trade between the support and resistance levels in the near future. However, if the stock breaks above the resistance level of RM0.1850, it could signal a bullish trend. On the other hand, if the stock breaks below the support level of RM0.1700, it could signal a bearish trend.
Here are some of the key technical indicators for EATECH:
1. Financial performance: EATECH has a strong track record of financial performance. The company has been profitable for the past 10 years, and its revenue and earnings have been growing steadily.
2. Valuation: EATECH is trading at a relatively low valuation. The company's price-to-earnings ratio is below the average for its industry.
3. Technical analysis: The technical analysis suggests that the stock is in a neutral trend. This could mean that it is a good time to buy.
4. Risks: EATECH is exposed to the cyclical nature of the oil and gas industry. Its stock price could be volatile if there is a downturn in the industry. Additionally, the company is facing increasing competition from foreign players, which could put pressure on its margins.
And yes, there are some patterns of smart money in the technical chart of E.A. Technique Berhad (EATECH).
Slowly starts rebounding. Weekly and daily tf are hugely oversold. Really solid profit despite challenging months. Should move towards 60-80sen if can maintain same profit this year
Have you looked at the qr and announcement michael? PE is only 3 at current price. Tan sri rashid will not buy and just sitting duck. Look at ecoworld now
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Posted by TCH1186 > 2023-03-30 00:28 | Report Abuse
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