E.A.TECHNIQUE (M) BERHAD

KLSE (MYR): EATECH (5259)

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Last Price

0.295

Today's Change

-0.005 (1.67%)

Day's Change

0.285 - 0.295

Trading Volume

3,432,200


8 people like this.

2,779 comment(s). Last comment by DoubtfulBsk 1 day ago

Posted by Whiteevoque > 2023-08-03 18:25 | Report Abuse

Steady volume for 2 days. Hopefully will continue and break 25 next week. This counter should be around 80sen at least with current financial performance.

Pekka5

11 posts

Posted by Pekka5 > 2023-08-03 19:20 | Report Abuse

Seems the price moving to meet its fundamental fair value

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-04 08:09 | Report Abuse

Morning holder, good to see you all today. Either Friday Rule or it will break the resistance today.

Pekka5

11 posts

Posted by Pekka5 > 2023-08-04 09:29 | Report Abuse

I think it will break the resistance eventually. Based on Q1 result the current shareholders fund is RM45 mil. Plus the proceed from vessel disposal to settle off scheme creditors of RM135 mil, the shareholders fund will rise to 34 sen per share VS current 8 sen per share. No wonder the price going up as successful vessel disposal leads to settlement of outstanding creditors. When the NTA per share rise to 34 sen, it should address the factor that triggered the PN17. Im positive this counter will eventually freed from PN17

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-04 09:55 | Report Abuse

Great explanation, next week EGM will talk more on vessel disposal and new regulation plans. The price will go back to the price before TS Rashid offer.

Pekka5

11 posts

Posted by Pekka5 > 2023-08-04 10:07 | Report Abuse

Yeap. I suggest we read whatever reports that comes out line by line. Only then we can see whether their plan make sense or just plain loop filler. Whatever the charts telling us, eventually fundamentals will always prevail. Provided that we can be patient and don’t let our emotion controls what we are holding on to. Like these vessel disposals, in short it looks like some bullshit move why only selling meager assets can hike the price up? But if we read the underlying rationale from the released reports, it’s actually a turning point towards their terminal goal to exit the PN status. If we can hold onto the fundamentals, we can hold our position until their plan realised. Just my 2 cents

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-04 11:18 | Report Abuse

EATECH just need approved regularisation plan by SC and to immediately generate net profits or positive operating cash flow in 2 consecutive quarterly results immediately after the completion of the implementation of the regularisation plan in order to get out from PN17.

Looking into QR, no problem for that, the only matter now is approval of regularisation plan by SC.

TheCrown

278 posts

Posted by TheCrown > 2023-08-04 11:22 | Report Abuse

Honestly, I love the positivity of real investors. We are not manipulators. We believe in investing in a good company and hoping the company will get us some good income in the mid to long run.. Only thing is, hope this EATech is really not a con counter..

Posted by Whiteevoque > 2023-08-04 13:25 | Report Abuse

This is jcorp’s counter, and definitely not a con company. Petronas has awarded long term contracts for petroleum product tankers to 2 of eatech’s tankers. Oil and gas and shipping sector are in bullish uptrend for the next few years. Positin yourself while it is still
Below 20c, it will
Probably test ath next year once pn17 uplift similarly to other oil and gas related counters

Huatttt

25 posts

Posted by Huatttt > 2023-08-04 15:37 | Report Abuse

lesgoo, announcement comes out

Huatttt

25 posts

Posted by Huatttt > 2023-08-04 15:37 | Report Abuse

next will be EGM held

loribalak

149 posts

Posted by loribalak > 2023-08-04 16:42 | Report Abuse

Last Regularisation Plan was withdrawn, hence PN17 will not be lifted unless they submit a new one and it is approved by SC.

Posted by Whiteevoque > 2023-08-05 13:43 | Report Abuse

Buy before they submit new reg plan. Price will make new high once reg plan is submitted just like aax

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-07 12:31 | Report Abuse

Big volume coming in. Good sign now

TheCrown

278 posts

Posted by TheCrown > 2023-08-07 12:55 | Report Abuse

If its bot above 0.235, I won't still buy back.. The strong resistance still at this level..

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-07 14:15 | Report Abuse

It's okey @thecrown, im not sure either but this is the sign when price want to jump higher. Maybe it will retrace not more than 7%-10%, if it rebound, it can pass through the resistance.

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-07 14:56 | Report Abuse

Volume keep coming in. 0.23 incoming

TheCrown

278 posts

Posted by TheCrown > 2023-08-07 15:11 | Report Abuse

Thank you Madjin. Investors need a positive person like you that advises positively. I like your clean thinking. And hopefully, investors can make a profit by investing in a good company.

Posted by wallstreetrookieNEW > 2023-08-07 15:12 | Report Abuse

Thanks Madjin

Posted by wallstreetrookieNEW > 2023-08-07 15:12 | Report Abuse

mf is wrong again xdd

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-07 15:49 | Report Abuse

RSI almost touch 70, it tells the stock is almost 'overbought' now. Some stock will retrace or correct after this, but let see how smart money want to play.

eatsmall

1,552 posts

Posted by eatsmall > 2023-08-07 15:50 | Report Abuse

harap boleh berlayar jauh..jangan mundor mundor..

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-07 16:13 | Report Abuse

break 0.215, now at 0.220. Holdddd

cedcan

401 posts

Posted by cedcan > 2023-08-07 16:18 | Report Abuse

Been waiting long enough for it to come

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-07 16:20 | Report Abuse

Who bought at 0.17, it is safe to take TP1 at 0.22. hehe

Posted by StockSniffer > 2023-08-07 16:31 | Report Abuse

woww 0.225

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-07 16:35 | Report Abuse

0.23! Amazing for today game

mf

28,496 posts

Posted by mf > 2023-08-07 16:37 | Report Abuse

target 0.280

willee2

1,089 posts

Posted by willee2 > 2023-08-07 16:58 | Report Abuse

sold 225 tq operator!!

willee2

1,089 posts

Posted by willee2 > 2023-08-08 00:27 | Report Abuse

lets wait below 0.18 again to collect pullback^^

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-08 08:10 | Report Abuse

Today maybe will be some retracement, expect heavy sell off. Those have taking profits, congrats. For those who are still hold and expect next price pushing, behold, there will be turbulence ahead. Make sure CL have been determined and cut like a robot.

willee2

1,089 posts

Posted by willee2 > 2023-08-08 09:16 | Report Abuse

below 0.2 again comeeeeee

cedcan

401 posts

Posted by cedcan > 2023-08-08 09:36 | Report Abuse

Waiting to collect back

Madjin Gun

356 posts

Posted by Madjin Gun > 2023-08-08 10:01 | Report Abuse

As expected, heavy sell off is happening. Based on Fibo Retracement, the rebound may happen on 0.195-0.185. If the vol is coming back, expect more to come.

willee2

1,089 posts

Posted by willee2 > 2023-08-08 10:47 | Report Abuse

haiyaa no below 0.2 ? weak operator

Posted by StockSniffer > 2023-08-08 11:31 | Report Abuse

pengaut untung sudah habis... lagi mahu lompat

TheCrown

278 posts

Posted by TheCrown > 2023-08-08 11:38 | Report Abuse

Break 0.235, expected to be 0.335

Posted by EatGreen40 > 2023-08-08 11:48 | Report Abuse

thanks eatech for today profit :)

Posted by StockSniffer > 2023-08-08 11:54 | Report Abuse

Yakinnn break 0.235

cedcan

401 posts

Posted by cedcan > 2023-08-08 15:46 | Report Abuse

No show this afternoon

willee2

1,089 posts

Posted by willee2 > 2023-08-08 15:57 | Report Abuse

wait few more days to wash contra players out first.

TheCrown

278 posts

Posted by TheCrown > 2023-08-08 16:13 | Report Abuse

I hope it breaks 0.235 then, many more investors will be in the same boat...

willee2

1,089 posts

Posted by willee2 > 2023-08-08 22:28 | Report Abuse

kena tgu few days bro sbb kontra kaki nie

Posted by EatGreen40 > 2023-08-09 09:43 | Report Abuse

look good if price not fell below 0.2c

willee2

1,089 posts

Posted by willee2 > 2023-08-09 15:46 | Report Abuse

today break 0.2 at 430pm

Posted by kawkawhoot > 2023-08-09 18:07 | Report Abuse

KT LIM <<<<——— One of the biggest triggers for Eatech to take off in the near future

Posted by kawkawhoot > 2023-08-09 18:07 | Report Abuse

hoot as much as u can tomorrow! buy asap or regret later

Posted by Whiteevoque > 2023-08-09 23:24 | Report Abuse

Who is kt lim?

tiputipu

59 posts

Posted by tiputipu > 2023-08-10 09:55 | Report Abuse

wake up wake up..sudah start engine

Posted by StockSniffer > 2023-08-10 12:31 | Report Abuse

harap2 kasi pecah 0.235

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