For this Elevator company, an IPO Uplift

EITA Resources Bhd, Group MD Fu Wing Hoong discusses:

- Offer for sale - reasons;
- Fu himself - selling 5.2 million shares -- and leaving only 1.1 m shares - whether wrong signals;
- Remuneration - 1.25-1.3m / yr - justify;
- Financial record - revenue - choppy - margins;
- Pink forms - independent directors - justify;
- Mkt cap - post IPO - 99m rgt - plans for liquidity - interest;
- Dividend policy of 30 per cent of PAT;
- Installed base - 1,450 units - outlook;
- IPO proceeds - new lift manufacturing facility - Batu Bukit Raja - implications;
- When - commissioned;
- R&D - innovations expected;
- Energy efficient lifts;
- Main contributor @ 52% marketing and distribution -- outlook;
- Main clients;
- Competition - undercutting - market share.