Eita shares up 4.8% on contract win

Eita shares up 4.8% on contract win


KUALA LUMPUR: Shares of Eita Resources Bhd

 rose 4.85% in morning trades supported by the company securing contracts worth RM126.19mil.

The counter gained 4.85%, or eight sen to RM1.73 , its highest since late December 2017. Its is currently trading at a PE ratio of 13.53 times.

Eita Resources has secured three contracts totalling RM126.19 million for the supply of lifts and escalators for the Light Rail Transit Line 3 (LRT3) project.

The group said the contracts were awarded to its unit EITA Elevator (M) Sdn Bhd by Prasarana Malaysia Bhd.