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NewsECS ICT outlook to remain bright: Kenanga (5162)
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ECS ICT outlook to remain bright: Kenanga (5162)
by hlk Tue 11 Sep 2012, 23:13
KUALA LUMPUR: Kenanga Research expects ECS ICT Bhd's outlook to remain
bright, underpinned by robust information technology spending and
encouraging market trends.
The research house anticipated a
better second half performance from the information and communications
technology (ICT) product distributor underpinned by stronger sales from
all its business segments due to more product launches and seasonality
factors.
However, it said in a research note today it was
maintainig ECS ICT's "outperform" valuation and pre-bonus target price
at RM1.70.
-- BERNAMA
bright, underpinned by robust information technology spending and
encouraging market trends.
The research house anticipated a
better second half performance from the information and communications
technology (ICT) product distributor underpinned by stronger sales from
all its business segments due to more product launches and seasonality
factors.
However, it said in a research note today it was
maintainig ECS ICT's "outperform" valuation and pre-bonus target price
at RM1.70.
-- BERNAMA
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