Posted by KowChye > 2012-07-16 10:02 | Report Abuse

With more than 60M cash on hand, min capex. Wonder what they intend to use the cash for? Higher div of more that 8 sen currently given out?

Posted by KowChye > 2012-08-08 17:06 | Report Abuse

healthy 1Q12 eps. low PE. Cash.. but counter just not moving N/S. Dull counter

Posted by kcfan > 2012-08-16 17:08 | Report Abuse

Good counter must keep long looooog time.

Posted by KowChye > 2012-08-20 17:33 | Report Abuse

2Q12 results shows improved revenues and profits, yet.......dull

Posted by kcfan > 2012-08-20 18:02 | Report Abuse

It will benefit from the coming Samsung galaxy note2,note 10'1by this month end announcement.Indirect will increase more profitable and dividend paid out on financial year forecast.Keep the good stock come true.Lol

Posted by kcfan > 2012-09-10 23:21 | Report Abuse

ECS ICT plans 1-for-2 bonus issue is expected to be completed by the fourth quarter of this year.
http://klse.i3investor.com/servlets/fdnews/213605.jsp

Posted by tonylim > 2012-09-11 01:05 | Report Abuse

KCfan, 60% of biz come from smart phone hardwares or device. Are these profitable?

Posted by tonylim > 2012-09-11 01:37 | Report Abuse

is the dato teoh from see hoy chan?

Posted by tonylim > 2012-09-11 01:37 | Report Abuse

is the dato teoh from see hoy chan? public issue in march 2010 at rm1.46

Posted by kcfan > 2012-09-12 21:20 | Report Abuse

The market forecast the company's 2012 fiscal year net profit of up to $ 3.8 million ringgit net profit in 2013, compared with $ 5.6 million ringgit, but we think the new smart phone distributors contribution to make sites higher and enterprise systems, may make 2013 earnings appear surprise. "the management of the ECS predictable, with a product portfolio continues to expand, the second half performance is expected to strengthen further.

Stock valuation has been undervalued by the market
Maybank added ECS stock dividend rate of 5.6%, and net cash of up to $ 2.3 million ringgit, the past five years, the compound annual turnover growth rate of 10.3%, net profit growth of 31.9%, and the past record of excellence.
To this end, the bank is confident that the current stock valuation was undervalued by the market and by the market revaluation coming, to give a target price of 1 ringgit 78 cents, and is not rated.

Posted by Kim Yap Lau > 2012-09-12 21:26 | Report Abuse

KC, you seem very confidence on this counter, have you bought ?

Posted by kcfan > 2012-09-12 21:32 | Report Abuse

I bought and hold it since early on 2012 till now.Slow and steady stock.

Posted by kcfan > 2012-09-23 18:37 | Report Abuse

ECS appointed as Google Nexus7 Tablet PC distributor in Malaysia.
ECS appointed as Nexus7 Tablet PC reseller, will further develop the company's marketing mix, a wholly-owned subsidiary of ECS ECS Astar Sdn Bhd will be responsible for the distribution work in the proclamation.
ECS began in March 2010, appointed as ASUS dealer. The company pointed out that this Nexus7 Tablet PC distribution network of resellers through Malaysia 3000.
Google Nexus7 Tablet PC yesterday in Malaysia to promote. This product is jointly developed by Google and Asus.
ECS Managing Director Hu Shan said: "to once again work for Asus, so we are proud to marketing innovative products, and show that they trust.
Through cooperation, we can not only extended itself a combination of the Tablet PC, and can continue to develop With the increasing demand in Malaysia Tablet PC. '

Posted by kcchongnz > 2012-10-06 13:33 | Report Abuse

During the last budget, Santa Claus (Najib) gave tax payers a RM200 rebate for purchase of a smartphone to be claimed next year. Will this have an impact on ECS, a market leader in ICT distributions in Malaysia which is expected to grow 8%-10% per year? I would think so. However, even discounting this, ECS is still a very attractive investment to me. Why?
Since public listed less than 3 years ago, its annual revenue and net profit has been at the average of 1274m and 31m respectively. This translate to an earnings per share of 26 sen. It has a net tangible asset backing per share of RM1.47, debt free and cash of 38 sen per share in its balance sheet. The interesting things about ECS is relatively it doesn’t need much asset to carry out its business. Its fixed asset turnover is 180 times. Its inventories turnover in less than a month. Its reasonably good ROE of 18% is achieved with a high asset turnover of 4 times. More significantly, it has a very high ROIC of 28%. Think about you put money into a business, it gives you 28% return a year. Actually ECS impresses me most is its ability to generate cash. Last year ECS generated 56 m of cash flows from operations. ECS doesn’t require much capital expenses. Cash return was a whopping 50% of invested capital. Imagine that you put in money for a business and you get 50% return in hard cash a year. Isn’t that a good investment?
But what is the market valuation of ECS? With a closing price of RM1.63 on 5th October, 2012, ECS is trading at a PE ratio of only 6.5, and a total enterprise value of 3 times EBITDA, very low indeed. Isn’t that dirt cheap?

Posted by kcfan > 2012-10-06 14:34 | Report Abuse

Do not divorced from fundamentals.If ECS can meet the basic 6 standard fundamental requirement as below.Why not invest a portion or collect more during weakness ? Technically nearly hit records high,targeting to break high and higher just in time waiting.
1. cash on hand is strong enough to pay off all debts(Currently net cash).
2. high dividend that bond return.
3. diluted earnings per share
4. shareholders' funds returns (ROE)
5. value per share (NTA) over stock
6. Low PE rate.
Have a nice trading day's ahead.Thanks

Posted by kcfan > 2012-10-08 23:16 | Report Abuse

On coming Annual general meeting by 10th Oct.

Posted by kcfan > 2012-10-10 20:54 | Report Abuse

ECS gets nod for 1-for-2 bonus issue.
http://www.btimes.com.my/Current_News/BTIMES/articles/20121010201632/Article/index_html

Posted by pathew > 2012-10-15 21:37 | Report Abuse

still worth investing based on current prices and bonus issue coming?

Posted by tonylim > 2012-10-15 22:34 | Report Abuse

i bought already because the price on the day of announcement is highest since listing. v quiet counter

Posted by kcfan > 2012-10-15 23:43 | Report Abuse

ECS - Bonus Issue.
http://klse.i3investor.com/servlets/anpth/183403.jsp

Posted by pathew > 2012-10-15 23:57 | Report Abuse

Tomorrow whack few lots;)

Posted by kcfan > 2012-10-15 23:59 | Report Abuse

Pathew.Good deal !

Posted by kcchongnz > 2012-10-16 04:45 | Report Abuse

One thing good about this Datok Teo, the major shareholder of ESC. He does thing fast. Proposal, ex-date and settlement within a couple of months. No dilly dally. Same for Paramount on its corporate exercise, dividend or special dividend declaration.

Posted by kcfan > 2012-10-16 09:17 | Report Abuse

Touch record high.good signal on bonus issue.

Posted by perakman > 2012-10-17 19:33 | Report Abuse

Strangely the price dropped today. Could people be pushing the price down, and why?

Posted by perakman > 2012-10-17 19:34 | Report Abuse

Can accumulate at present low prices and make money ex-bonus.

Posted by kcfan > 2012-10-17 21:20 | Report Abuse

Just 100 shares traded at last transaction.Good opportunity to collect more before ex-bonus date.

Posted by pathew > 2012-10-17 22:44 | Report Abuse

Tomorrow key in for some action

Posted by kcfan > 2012-10-18 10:07 | Report Abuse

Let's more to go before ex bonus date.

Posted by ccs999 > 2012-10-19 10:54 | Report Abuse

Thanks kcfan, RM1.70 is too high to enter for bonus? Appreciate your advise. Thanks.

Posted by Mingming > 2012-10-23 23:02 | Report Abuse

@CCS, Depend on you.. For me still ok..

Posted by kcfan > 2012-10-23 23:12 | Report Abuse

For me.wait for the right opportunities and calculate value before looking at price.Looking for long term invest with great ideas are rare, so bet big when they come along and when have confidence in them.

Posted by kcfan > 2012-10-24 08:02 | Report Abuse

Last day before ex-date of bonus 2:1 .Ready to collect more on you decision ? Have a nice trading day's ahead.

Posted by kcchongnz > 2012-10-24 08:05 | Report Abuse

Yeah, great stuff to collect. Great business but low market valuation.

Posted by perakman > 2012-10-24 12:52 | Report Abuse

Controlled by the datuk from Paramount. Like Paramount, it will give good dividends. Price very conservative, with a lot of room for upward movement.

Posted by tonylim > 2012-10-24 17:26 | Report Abuse

perak, is the datuk teo from paramount

Posted by perakman > 2012-10-24 18:05 | Report Abuse

Yes, Dato' Teo Chiang Quan or better known as CQ

Posted by kcfan > 2012-10-24 20:43 | Report Abuse

ECS authorized distributor of Huawei products.
http://www.nanyang.com.my/node/486723?tid=462

Posted by kcfan > 2012-10-25 08:00 | Report Abuse

Today is ex-date of 2:1 bonus issue.Opening price for today RM1.12 Cheap valuation for long term investment.Let's go !

Posted by Ben Gan > 2012-10-25 10:22 | Report Abuse

ECS is a quiet stock. Hopefully, the bonus issue will make it more liquid. Its dividend yield is quite high while its PE is low. Its has zero borrowings and lots of cash in hand. This is a safe stock, good for the long term.
What does ECS stand for?
1. Elitegroup Computer System,
2. Electronic Communication System
3. Elite Commerce Special.
Do you know the answer?

Posted by KowChye > 2012-10-27 22:20 | Report Abuse

I bought @RM 1.20 after Cold Eye article in NYSP using ECS@1.40 to demonstrate how to conduct FA. Therefor, after bonus 2 for1@RM 1.12 is consider high I think. Dividend yeild at 8 sen still possible?....better watch out for the coming quarterly report to have better picture. My 2sen opinion.

Posted by kcfan > 2012-10-28 13:40 | Report Abuse

ECS Outlook ?
http://www.nanyang.com/node/486307?tid=885

Posted by kcfan > 2012-10-28 13:43 | Report Abuse

Fundamental stock picking:ECS
http://www.nanyang.com.my/node/415999?tid=702

Posted by kcfan > 2012-11-09 16:26 | Report Abuse

Outlook The lower consumer demand for Notebook PCs coupled with the higher price tag of the popular ultrabook has hurt the sales of its ICT distribution segment. Recently, the group has also started to distribute Google's Nexus 7 (tablet) to its IT channel retailers with the much anticipated ASUS Padphone 2 and iPad mini to come soon by early next year. We believe this will provide an additional revenue stream to the group in the future.

Posted by KowChye > 2012-11-15 10:17 | Report Abuse

Quarterly report ending 30 Sept seems ok..Decide to hold on..

Posted by kcfan > 2012-11-16 21:48 | Report Abuse

The company's largest shareholder is the Singapore-listed ECS Holdings (ECS Holdings, 41%), and Entertainment Park (Paramon, 1724, motherboard industry shares) Chairman Datuk the Zhang Changjiong (8.6%).
The company is Malaysia's largest information technology products agent and distribution companies in Malaysia has over 2500 distribution points.
Agents and distribution of products, including laptop computers, personal computers, copiers, software, network, telecommunications equipment, data storage, etc..
ECS distribution of more than 30 kinds of brands, including HP (Hewlett Packard), IBM (IBM), Cisco (Cisco), Microsoft (Microsoft), Apple (Apple), Dell (Dell), Samsung (Samsung) are world-renowned brands.
In September of this year, the ECS Malaysia Asustek (ASUS) appointed as Nexus7 Google Tablet PC distributor in Malaysia, the company is optimistic about the future performance and outlook.

Posted by kcfan > 2012-11-16 21:49 | Report Abuse

45 million of net cash
It the past two years, turnover of more than 100 million 20 million ringgit net profit of 30 million, about 24 to 25 cents earnings per share, the PE ratio is between 5-6 times.
Meanwhile, the company has an annual dividend of 8 cents, the weekly rate of about 5-7%, is a leader in technology stocks.
As of June this year, the semi-annual report, the net income per share of 11.4 cents, the company has no debt, has net cash of 45 million ringgit, about 38 cents per share.
The company recently announced 2 get 1 bonus shares, shareholders King held on October 10. (Shareholders has been approved by the King on Bonus Scheme) its share price by the bonus shares motivate currently record high floating.
In a great variety of technology areas, such as investment, we must be careful to follow up its quarterly results to be evaluated.
However, fundamental factors and its past record of shareholder returns to judge, ECS is worth the long-term ownership.

Posted by jesry > 2012-11-30 16:15 | Report Abuse

thanks for ksfan analysis, appreciated

Posted by 1901 > 2012-12-02 08:13 | Report Abuse

Its all true kcfan, been holding it almost 2 yrs. My worry is will it hold again if market started to lose steam, simply because its is consumer IT expenditure - people tend to hold back its spending when times are not good. Has anyone attempt to estimate the effect of RM200 rebate for ECS? Until now also got no news on how the rebates gonna works.

Posted by kcfan > 2012-12-05 23:53 | Report Abuse

http://klse.i3investor.com/servlets/stk/5162.jsp
（美國‧波士頓5日訊）國際數據資訊（簡稱IDC）發布的最新數據顯示，雖然假期銷售旺季期間智能手機發貨量有望創下新高，按年增長45%；但如果計入功能手機，預計今年全球手機市場僅增長1.4%，為3年來最低年度增長水平。

　IDC指出，今年手機發貨量將超過17億部；到了2016年，全球手機出貨量將達到22億部。

　受強勁的消費需求提振，第4季全球智能手機發貨量料將達到2億2450萬部，較上年同期增長40%。

　今年智能手機發貨量預計將按年增長45%，至7億7150萬部。

　該公司指出，智能手機銷售量強勁增長得益於多個方面的因素，其中包括來自營運商，特別是成熟市場營運商的高額設備補貼，以及新興市場250美元（約763令吉）以下智能手機銷量的增加。

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