PETALING JAYA: EITA Resources Bhd
’s internal target to achieve a revenue of RM1bil per year in the next five years will hinge on potential mergers and acquisitions (M&As), exploring new markets in South-East Asia and the Middle East as well as strengthening its presence in existing markets.
To achieve this, the elevator and escalator maker would have to a generate a compounded annual growth rate (CAGR) revenue of 28.6% between financial year (FY) 2020 and FY25, said CGS-CIMB Research in its report.
EITA was featured at the recent CGS-CIMB Securities’ conference call series held late last month.
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