Tuesday, March 1, 2011

ECS Holdings rated 'buy' by NRA Capital

Stock Name: ECS
Company Name: ECS HOLDINGS LIMITED
Research House: NRA Capital

NRA Capital in a Feb 28 research report says: "Revenue declined 6% y-o-y (+13% q-o-q) to $840.5 million in 4Q10 due to deconsolidation of ECS ICT Bhd following its successful listing. Excluding ECS ICT's revenue for 4Q09 and constant currency effects, group's revenue would have grown 19%.

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