Highlights
KLSE: EITA (5208)       EITA RESOURCES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.37   -0.15 (9.87%)  1.34 - 1.72  17,281,600
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Change in Remuneration Committee

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Ann. Date Date Type Designation Name View
29-May-2020 29-May-2020 CESSATION OF OFFICE Member of Remuneration Committee TAN CHUAN HOCK View Detail
26-Nov-2018 26-Nov-2018 APPOINTMENT Member of Remuneration Committee HO LEE CHEN View Detail
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  2 people like this.
 
pang1998 if u love day trading, this few day mclean, kpower, or scib will be nice choice, but if u want to play safe, this counter is fast enough and steady
27/01/2021 12:27 PM
Callurson hello guys, i bought 10000 shares @ 3.32 before 26/01/2020. Overall still lose money even when bonus payout?
27/01/2021 12:28 PM
Amao Mao seldom i match lowest price, this time kena, weee
27/01/2021 12:46 PM
jinova546 @callurson on 2nd Feb u will get ur bonus shares
27/01/2021 12:49 PM
Callurson @jinova546 yea but my concern is I still in paper loss even got the bonus share with current price rm1.47, seems not a good deal to buy before bonus lol?

before bonus
10000 shares @ RM3.32 = RM33,200

after bonus
20000 shares @ RM1.47 = RM29,400

Overall paper loss RM3800

is my calculation correct? sorry i'm new to market.
27/01/2021 1:08 PM
Layman @hakubasnow:

Entitlement events # 6: ..X bonus share(s) for holding of every Y existing share(s), with W warrant(s) for every B bonus shares?
27/01/2021 1:33 PM
michaelyeo Q1 report will out on feb,shd be a good report...
27/01/2021 1:42 PM
hakubasnow @Callurson
Yes if you sell today, then your losses will be RM3800
But then you need to also include the 1 for 3 free warrant that you will receive.
So with 20,000 EITA shares you will receive 6666 free warrants

Let say a day before the free warrant listing, EITA closed at RM1.40
Therefore the theoretical free warrant price will be 1.40 - 0.70 (exercise price) = 0.70
If you sold off all your 6666 free warrants @ 0.70 = 4,666
Your gain = 4666 - 3800 = RM866
Of course if EITA closed higher before the listing and the you manage to sell your warrants at a much higher price, you profit will be more than RM866
27/01/2021 3:24 PM
arfastrade Until now i havent sort it how they come up with adjusted price 1.52.
27/01/2021 3:39 PM
arfastrade Anyhow im expecting reversal now from 1.45
27/01/2021 3:43 PM
hakubasnow @arfastrade - Been raking my brain the whole day trying to figure out how they arrived at 1.52
27/01/2021 3:46 PM
Amao Mao I can't imagine it traces back, so sad no bullet to add on some more
27/01/2021 3:51 PM
dp_pupi When will the bonus n warrant deposit to our account ya?
27/01/2021 4:01 PM
Maxsuper Run..... Sharks are throwing n won't come back for a very long time. This stock will become sleepy again
27/01/2021 4:05 PM
Holiao223 Why keep drop till now even alrd 1.35.......................
27/01/2021 4:08 PM
kuring2 I guess many of us get trap.. i also out of bullet.. but the price come down.. another one more counter to donate to bursa i guess..

Dont know need to CL or not.. lol... apa sudah jd ini counter.. bursa nowadays are not meant for retailer to play.. aiyaa... lol
27/01/2021 4:11 PM
aiekakashi maybe flush out contra player.
27/01/2021 4:14 PM
kuring2 Today drop almost 0.40 from the high 1.72 morning.. giler... 1st day only drop gao gao...
27/01/2021 4:14 PM
Stacker Coming back...
aiya just now low price out of bullet also
27/01/2021 4:14 PM
kuring2 Contra player already out from 9 -11am.. now people just throw the price only... this is what i can thinking for now la.. but totally i've no idea..

Maybe someone could give their advise on this..
27/01/2021 4:16 PM
kuring2 Now time is almost 4.30pm... no chance to climb up.. sure friday got another round to drop... lowest now is 1.34... consider weak already...
27/01/2021 4:18 PM
kuring2 Hopefully new joiner did not get trap like us.. if not, pity to them.. us got free warrant n BI also get trap.. How about people just onboard this morning..

Hopefully they are survive if any..
27/01/2021 4:21 PM
ForceBWithU I think sharks are at play to mop up shares from weak holders and contra players. Unless the major shareholder are selling, this is a typical accumulation tactic. Encountered this when I followed through SCIB for Bonus Issue. My average price after BI for SCIB was 1.50 and I endured 6 trading days of downwards push till around 1.20 b4 sharks pushed it up to where it is today, 3.00.

In the case of EITA, even after BI, the share capital is only 260 million shares, smaller than SCIB, EURO or Greatech. Just hold on and I believe it will climb up soon. The AGM is around the corner and I believe there will be some good news and SBB to push the price up again
27/01/2021 4:25 PM
kuring2 @ForceBWithU... noted.. thank you for ur explanations..
Its good for those have extra bullet to average down..

Those who has bullet might want to standby to buy at the lowest u can.. but for me, im done..no more money left..lol.. just pray if eita could be the same momentum n trend like euro..
27/01/2021 4:32 PM
Innerpeacee @forcebwithu

+1

SCIB I experienced the same roller coaster. I reduced position at breakeven price. Not long ago top up at 2.17

Believe in EITA strong fundamentals, endure the ups and downs if not in a rush
27/01/2021 4:39 PM
kuring2 Operator collect big today.. they can put a roadlock at any price they want.. we just wait n hold only..

Nothing much we can do... the real is we cant fight with them.. we just tumpang the ride only.. if they do not want to tumpang, they will make us panic n CL..they will collect cheaper.. plus the trading player..
27/01/2021 4:45 PM
Zolan2020 it's good to add some more below 1.40. soon it will go up. hold tight
27/01/2021 4:53 PM
Callurson @hakubasnow Thanks for the explanation!
27/01/2021 4:58 PM
Ong Yee Hor may i know what is excercise price for warrant? when will listing?
27/01/2021 5:38 PM
ninibobo Today drop 10%. If tomorrow drop 10% again, will goes to around 1.2
27/01/2021 6:58 PM
Ny036 what price will be bottom before rebound to support the warrant when warrant listing?
27/01/2021 7:21 PM
jinova546 If keeps dropping then F my life...
27/01/2021 8:14 PM
Innerpeacee Wild guess

(1.8*3 + 0.70) / 4 = 1.525
27/01/2021 8:37 PM
arfastrade I think i have figured out how they come with the adjusted price of 1.52

Just like innerpeace wrote above.

As in the proposal, they alrdy stated the adjustd price ex bonus issue 1 : 1 is closing price/2

And mind u, the free warrant is calculated based on total no of shares rise ( existing share + bonus issue )


So, here, i think the warrant will demonstate as what happened with CAELY WA. It will not start listed from 0.005, instead at higher price, just like CAELY WA was traded around 60c to 78c on 1st day
27/01/2021 9:34 PM
Alvin Chan what is the warrant ex price?
27/01/2021 9:38 PM
YULIKETHIS Relax guys, wait for it to turn around and form a U, then it will be entry point, at least for me haha, fun for day trading before, not today :(
27/01/2021 9:45 PM
ForceBWithU Looking at SCIB Warrants listing date on 16/2, wondering if EITA Warrants would be listed on Bursa before 12/2 since it ex- 2 days prior to SCIB ex warrant date. That would leave it about 7 trading days to Warrants listing.

Anyone can assist on the Warrants listing date confirmation?
27/01/2021 11:10 PM
SateMan Should i cut loss on this Friday? Scared aleady. I'm still newbie :(
28/01/2021 4:44 AM
GS9688 Based on my observation, EITA has always remained around 1.60-1.80 (price history) for the past year. It is a company with strong fundamentals and clearly capable of a rebound in the near future.

The panic sellers involve those who have not studied the fundamentals/technical analysis and the possible growth prospect of a company.
The support level is definitely there and based on consideration the many sellers have sold off in panic because the price dropped.
Based on https://www.tradingview.com/symbols/MYX-EITA/ it is maintained a "buy" stock.
Hence your holding power and patience will surely be paid off.

The medium TP is at 2.05. Stay calm and hold. Don't have to panic and lose your capital.
We stand together and hold! The lower the price, the more buyers can come in and ultimately QR is coming out on the 25th of February.
28/01/2021 11:35 AM
oasischeah I will hold on as it is a strong fundamental stock. Let it slide for now as panic people will throw for a couple of days. It will be low to get the warrants a good start up.
28/01/2021 11:41 AM
stockraider Run b4 too late lah!

Overvalue mah...already up alot loh!!

Take profit...take profit loh!
28/01/2021 11:42 AM
davech Last time mostly, 1.6?

If it's so, after the BI, 1.6/3 = 0.53 should be reasonable price?
28/01/2021 11:44 AM
Ny036 please drop more so that can top up the warrant upon listing.
28/01/2021 11:44 AM
GS9688 There must have also been many contra players yesterday, who bought in the morning hoping the price will rise. When they saw no rebound after lunch (how it happened the day before RM3.30-RM3.60); they started offloading, selling off to cut their lost.
I believe we should see some stability from Friday leading into next week.
28/01/2021 11:48 AM
kuring2 @GS9688.. YA, I believed so.. friday will fly..
28/01/2021 12:55 PM
Miz Raya Bloom Sateman, kenapa tak minta dealer remiser calculate kan?
28/01/2021 3:46 PM
Miz Raya Bloom tessa ada letak kat wall whims
28/01/2021 3:47 PM
wasting_time_only Hsi drop 800 points today. Why big drop? I better cut lost
28/01/2021 4:30 PM
GS9688 I also encourage you to observe the bonus price for Euro Bhd. The moment it opened the next day, the prices went down by 0.15cents, then only on the 3rd or 4th day it begins rising up again. I do not claim that it will be the same for Eita, but I just want to bring some perspective especially for those who are new here. Give it a few days before deciding what to do.

Secondly, once the bonus is added into the account, it could potentially rise since the number of stocks/volume has increased.

The support resistance level entry is at 1.755 with a medium TP of 2.05. Hopefully, it breaks the resistance soon, and it starts its upward trend. We're not too far technically speaking!

Just my thoughts and I hope it helps bring some perspective.
28/01/2021 6:09 PM
SateMan Thank you for the kind explanations. Hopefully the price will go up again
28/01/2021 8:03 PM


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