<div>This article first appeared in <em>The Edge Financial Daily, </em>on March 27, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Eita Resources Bhd (-ve)</strong><br />
Eita Resources Bhd (fundamental: 1.7/3, valuation: 2/3) shares, which triggered our momentum algorithm for the second time this month, climbed 7.64% or 11 sen to RM1.55 last Friday.</p></div>

<div class=newsTextDataWrapInner><p>The counter saw 2.33 million shares traded, versus its 200-day average volume of 65,480.5 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On Feb 28, Eita’s group managing director Fu Wing Hoong said it plans to bid for contracts under the Kuala Lumpur-Singapore High-Speed Rail, besides bidding for Malaysia’s light rail transit Line 3.</p></div>

<div class=newsTextDataWrapInner><p>Other significant jobs that the home-grown elevator manufacturer is eyeing include bids for mass rapid transit Phase 2 for the supply and installation of lifts and escalators.</p></div>

<div class=newsTextDataWrapInner><p>In its first financial quarter ended Dec 31, 2016, Eita’s net profit grew 145% year-on-year to RM10.43 million mainly from foreign exchange gain, as revenue jumped 14.69% to RM82.68 million.</p></div>

<div class=newsTextDataWrapInner><p>The company aims to raise its exports contribution to 50% from 20% currently, targeting Asean and Middle Eastern markets.</p></div>


This article first appeared in The Edge Financial Daily, on March 27, 2017.

 

Eita Resources Bhd (-ve)
Eita Resources Bhd (fundamental: 1.7/3, valuation: 2/3) shares, which triggered our momentum algorithm for the second time this...

Stock With Momentum: Eita Resources

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