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.
One contract is for the supply and installation of escalators worth RM70.55mil, and the other two are for the supply and installation of lifts worth RM27.76mil and RM27.88mil respectively.