Posted by mfaizgaaffar > 2021-02-08 09:50 | Report Abuse

CNY effect. Comeback next week.

Posted by Loop37 > 2021-02-08 09:54 | Report Abuse

Low volume pullback. Healthy

Posted by Upup168 > 2021-02-08 10:14 | Report Abuse

time to collect if got fund..

Posted by StephenNg > 2021-02-08 10:44 | Report Abuse

Rocket is refueling ....

Posted by kentrade888 > 2021-02-08 11:53 | Report Abuse

Now the target has been transferred to VIS.

Posted by mokluhanj21 > 2021-02-08 12:46 | Report Abuse

confirm2 make money once listing warrants.

actually this trick is the trick that most Chinese entrepreneur companies do on Bursa Malaysia. (but institutional owned companies cannot/ don't wanna do) If I have growth story and I wanna be billionaire, I also will do this trick

they issue bonus shares to bring down the existing price per share.
then they also throw in free warrants as sweetener to ensure shareholders stay and be loyal.. but the end game is clear: they want the share base to grow, and share price to also go back to same old price.

you just see la TopGlove. Business wise they are good but Billionaire Lim also understands how to appease trading uncles and the shareholders. he split shares (in the name of bonus shares) almost 5 times ady same trick. now he is one of the richest billionaires in Malaysia...if you bought in 2010 TopGlove, today your return ady 20x you know...

so ahso ahso and uncle2 .if u wanna be rich, just play along for the long game.
and lets go to the Moon together with Elong Mask

Posted by mamatede > 2021-02-08 14:48 | Report Abuse

dont understand why share split become a trick for chinese entrepreneur. Theres a reason for share splits. Even Tesla also share split. Even Karim Kpower, SCIB also share split... apu.. so shallow la u @mokluhanj21

Posted by kentrade888 > 2021-02-08 14:54 | Report Abuse

CGS-CIMB believes EITA deserves 'better valuation'
TheEdge Mon, Feb 08, 2021 11:48am - 2 hours ago


KUALA LUMPUR (Feb 8): CGS-CIMB Research believes that EITA Resources Bhd deserves a better valuation as the elevator and escalator maker aims to enhance its overseas revenue.

The research house reiterated its "buy" call on the stock and raised its post-bonus issue target price to RM2.08 from RM2.06. The target price of RM2.08 values the stock at 20 times CY22F P/E (from 10.5 times) which CGS-CIMB said is at about a 30% discount to the global elevator makers’ weighted average 12-month forward P/E of 31 times.

CGS-CIMB’s analyst Kamarul Anwar pointed out that EITA’s net cash rose from RM11.9 million at end-FY9/13 to RM41.2 million at end-FY9/20.

“We also raise our FY9/21-23F net profit forecasts by 4-10% as the company assures us that its operations are not disrupted by the partial lockdowns due to Covid-19,” he said in a note today.

“Earnings from its elevator construction segments should also accelerate as many of the projects in hand are in advanced stages,” he added.

Kamarul also shared that the elevator and escalator maker had disclosed its aspiration of raising its revenue from RM284.1 million in FY9/20 to RM1 billion per annum (p.a.) by FY25 during a conference call last month (Jan 29).

During the session, the group also noted that it is aiming for revenue to grow by over 252% in five years, bringing revenue compound annual growth rate (CAGR) to 28.6%.

Nevertheless, Kamarul said CGS-CIMB is not adopting EITA’s internal ambition as guidance for his forecasts.

“It (EITA) envisions that a sizeable part of the hypothetical RM1 billion per annum revenue would come from mergers and acquisitions (M&As). Without more details, the impact of acquisitions is not something we can forecast,” Kamarul said.

“Besides, EITA’s plans to aggressively grow its overseas operations would require the company to compete directly with established global elevator players. East Asia has become the Mecca for global elevator and escalator manufacturers since this developing region is looking towards high-rise buildings as an economical solution to house the rapidly increasing population. One risk from the stiff competition, we foresee, is it may stifle the group’s plan to build up its overseas revenue,” he added.

He noted that the potential re-rating catalysts include earnings-accretive M&As, new infrastructure-related contract wins and rousing growth in overseas sales. Meanwhile, a total economic lockdown is a downside risk for the stock, he added.

At the time of writing, EITA’s stock was down 3.48% or four sen to RM1.11.

Posted by rocketstock > 2021-02-08 15:35 | Report Abuse

@mamatede split it to make it more liquid. KLSE market size is small unlike dow, where u c shares with price above 10-50-100 are common. Malaysia wise if your share price is above 10, the trading activities are for sure low

Posted by tean2020 > 2021-02-08 15:47 | Report Abuse

if i sell now. do i entitle for free warrant?
when is the bonus issue date?

tks guy

Posted by TreeTopView > 2021-02-08 15:50 | Report Abuse

Ex Date 22 January

Posted by tean2020 > 2021-02-08 15:51 | Report Abuse

both free warrant and bonus issue?

Posted by Innerpeacee > 2021-02-08 16:01 | Report Abuse

only warrant, bonus shares ex date tbc after warrant exercise completion

Posted by Upup168 > 2021-02-08 16:07 | Report Abuse

TreeTopView Ex Date 22 January, it is 22 FEB.. now sell don't get

Posted by tean2020 > 2021-02-08 16:14 | Report Abuse

tks buddy
HOLD THE LINE
TO THE MOON RM4 GO GO GO

Posted by SUPERMONEY > 2021-02-08 16:20 | Report Abuse

3.01

Posted by SUPERMONEY > 2021-02-08 16:22 | Report Abuse

Break 3.00

Posted by TreeTopView > 2021-02-08 16:24 | Report Abuse

I've got no idea why I said January, when we are currently in February!!

I must be living in a time warp. Sorry for any confusion caused.

Posted by 99newbie > 2021-02-08 16:36 | Report Abuse

cheap add some…bonus issues soon

Posted by samflyer > 2021-02-08 16:41 | Report Abuse

game over?... for those who bought at 3.30 or even 3,20...

Posted by kentrade888 > 2021-02-08 16:50 | Report Abuse

It will drop to 2.5

Posted by anthonytkh > 2021-02-08 17:11 | Report Abuse

Lotsa profit taking. Already said before that this week won’t move up but bull run expected until at least 18/2

Posted by Xxxting > 2021-02-08 17:12 | Report Abuse

Bought in 3.1. Should i hold or cut loss?

Posted by gemfinder > 2021-02-08 17:23 | Report Abuse

HOLD TIGHT TIGHT

Posted by StephenNg > 2021-02-08 17:25 | Report Abuse

It is not the end... the rocket need to rest abit... it will be back !

Posted by tean2020 > 2021-02-08 17:52 | Report Abuse

NEXT FEW DAYS SOLARVEST WILL FLY TO THE MOON !

Posted by Jingweihan > 2021-02-08 18:10 | Report Abuse

Don't worry

Posted by Loop37 > 2021-02-08 18:11 | Report Abuse

Healthy pullback on low volume..hold!

Posted by Dragon88 > 2021-02-08 18:41 | Report Abuse

Hope today is just a healthy correction. Anyway renewal energy counters got great potential and outlook is positive in mid and long term

Posted by GetInCondo > 2021-02-08 18:53 | Report Abuse

aiya bought liao 3.04 it straight dive to 2.99 T_T too rush not be patient enuf x_x

Posted by ampabella > 2021-02-08 19:01 | Report Abuse

kasi flush flush dulu

Posted by Kc1154 > 2021-02-08 19:12 | Report Abuse

Big players on CNY mood. Hope they show power after a good rest.

Posted by tamarindo > 2021-02-08 19:17 | Report Abuse

it is definitely a good sign. sure up after this. look at greatech and uwc. i 1000% regret of not holding long enuff. look at their performance now.

Posted by Roroho00 > 2021-02-08 19:18 | Report Abuse

Warrant ex date first, no advantage to shareholders, tmrw drop to 2.5

Posted by Jingweihan > 2021-02-08 20:20 | Report Abuse

Above 3.30

Posted by lfccrew84 > 2021-02-08 22:59 | Report Abuse

Just hold tight.

Posted by Upup168 > 2021-02-09 00:54 | Report Abuse

don't worry. potential and good.. time to collect again..

Posted by SUPERMONEY > 2021-02-09 09:33 | Report Abuse

For now looks like still momentum not ready to climb back up yet.

Posted by SUPERMONEY > 2021-02-09 09:40 | Report Abuse

Hope today samaiden movement up can boost solarvest moving forward...

Posted by anthonytkh > 2021-02-09 10:41 | Report Abuse

Better buy now for the entitlement before the bull run expected next week

Posted by LA777 > 2021-02-09 12:12 | Report Abuse

Bought some today.

Posted by SUPERMONEY > 2021-02-09 12:24 | Report Abuse

shortened trading week, non sustaining sentiment. cautious. if can take some money out and see next week.

Posted by Xxxting > 2021-02-09 14:47 | Report Abuse

Tp of this counter should be how much?

Posted by Willy888 > 2021-02-09 15:48 | Report Abuse

Xxxting. My guess is 3.50 to 4.00

Posted by Nafhah10 > 2021-02-09 15:55 | Report Abuse

Wow change hand from right to left

Posted by SUPERMONEY > 2021-02-09 15:58 | Report Abuse

@Nafhah, what do you mean change hand from right to left , at what price ?

Posted by Nafhah10 > 2021-02-09 16:04 | Report Abuse

@supermoney 20k share done change at 3.03

Posted by SUPERMONEY > 2021-02-09 16:06 | Report Abuse

oh, prob throwing to other party same gang

Posted by SUPERMONEY > 2021-02-09 16:07 | Report Abuse

unsure why still stalling at current range price.

Posted by Astute > 2021-02-09 16:10 | Report Abuse

Buy rate at 64% and yet it is moving sideways. Very interesting...