Mar 2, 2015
ETI Tech Corporation Bhd (+ve) Red Flag
ETI Tech (Fundamental:0.15/3, Valuation: 0.3/3) was highlighted as a “Red flag” Stocks With Momentum by The Edge Market’s proprietary algorithm yesterday, suggesting that investors should exercise extra caution while trading. The stock closed up 1 sen at 8.5 sen on the back of 66.12 mil shares traded.
The company is going through some tough times. It has an upcoming hearing on writ of summon and statement of claim filed by Maybank Islamic. It recently completed a restructuring and settlement of debts by issuing new shares and warrants. Its auditors have qualified the company’s latest FYJuly2014 financial statements. And its directors were fined for failing to announce its audited financial statements for the financial period from 1 September 2011 to 28 February 2013.
An MSC status company, Eti Tech is involved in the R&D of intelligent battery management systems for rechargeable energy storage solutions.
http://www.theedgemarkets.com/my/article/stocks-momentum-eti-tech
