ECS (5162) - Stocks With Momentum: ECS Ict
ECS Ict Bhd (+ve)
SHARES for ECS (Fundamental: 2.0/3, Valuation: 2.4/3) closed 16.8% higher last Thursday after announcing its appointment as an authorised distributor of Xiaomi MiPad tablets in Malaysia — but gave back some gains to end at RM1.56 on Friday.
ECS is Malaysia’s largest distributor of ICT products — such as notebooks, personal computers, software, servers, smartphones and tablets to end-users and corporations — with sales totalling RM1.6 billion in 2014. It has over 5,000 resellers covering 40 well-known brands.
It is debt-free with cash of RM89.7 million or 31.2% of its market capitalisation. From 2010-2014, pre-tax profit ranged between RM36.6-40.9 million on RM1.3-1.6 billion sales. ROE was a solid 14.2% in 2014.
The stock is trading at a trailing 12-month P/E of 9.8 times and 1.3 times book. Dividends totalled 6 sen per share in 2014, including final dividend of 3 sen, giving a yield of 3.8%. The stock will trade ex-entitlement on June 3.
http://www.theedgemarkets.com/my/article/stocks-momentum-ecs-ict
ECS Ict Bhd (+ve)
SHARES for ECS (Fundamental: 2.0/3, Valuation: 2.4/3) closed 16.8% higher last Thursday after announcing its appointment as an authorised distributor of Xiaomi MiPad tablets in Malaysia — but gave back some gains to end at RM1.56 on Friday.
ECS is Malaysia’s largest distributor of ICT products — such as notebooks, personal computers, software, servers, smartphones and tablets to end-users and corporations — with sales totalling RM1.6 billion in 2014. It has over 5,000 resellers covering 40 well-known brands.
It is debt-free with cash of RM89.7 million or 31.2% of its market capitalisation. From 2010-2014, pre-tax profit ranged between RM36.6-40.9 million on RM1.3-1.6 billion sales. ROE was a solid 14.2% in 2014.
The stock is trading at a trailing 12-month P/E of 9.8 times and 1.3 times book. Dividends totalled 6 sen per share in 2014, including final dividend of 3 sen, giving a yield of 3.8%. The stock will trade ex-entitlement on June 3.
http://www.theedgemarkets.com/my/article/stocks-momentum-ecs-ict
