Stock Name: ECS
Company Name: ECS ICT BERHAD
Company Name: ECS ICT BERHAD
| Research House: ECMLIBRA | Price Call: BUY | Target Price: 1.70 |
ECSICT is a distributor of ICT products in Malaysia,and is thus a proxy to ICT spending in Malaysia. It announced itsFY11 results last night, which places the stock on an FY11 PER of only 5.6xwith a net cash per share of 56 sen! Its proposed dividend alsotranslates into an attractive net dividend yield of 5.7%. We have not metwith management and our Buy recommendation is purely based on publiclyavailable information.
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