Saturday, May 18, 2013

ECS Highlights of 2012

Expanded tablet PC range
Appointed by ASUS to distribute the Google Nexus 7 tablet PC in Malaysia
Now a major tablet PC distributor to the local market, with extensive product model portfolio from Apple, Samsung, Asus and Lenovo

Established new smartphone distribution channel
Signed distribution agreement with China’s Huawei to distribute the Huawei Ascend P1 smartphone

Enhanced Enterprise Systems portfolio
Appointed by Huawei to distribute its full range of enterprise systems products and solutions
Undertook 1-for-2 Bonus Issue
Implemented on 31 October 2012
Group’s share capital increased to 180 million shares of 50 sen each (from 120 million shares of 50 sen each previously)

Investment Merits (as at 30 Apr 2013)

Market leader in ICT distribution in Malaysia 

Domestic ICT market continues to be growth industry 

Cloud computing and mobility devices to be growth catalysts 

Net cash position allows for future expansion Dividend policy of 30% payout Single-digit PE valuation an affordable entry into ICT growth proxy

Source: ECS Annual Report

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