ECS Holdings may gain on prospect of greater investor interest as IT service provider seeks presence in TWSE by issuing TDRs, following footsteps of increasing number of S-chips. Number of new shares to be issued capped at 20% of existing share capital. With Taiwan home to many tech companies, ECS could benefit in terms of trading liquidity. Despite being one of Singapore tech sector's key performers this year, +10.6% ytd vs +3.8% by FTSE ST Technology Index, stock not actively traded.
Average volume just 99k over last 50 days. Resistance at Jun high of $0.605.
No comments:
Post a Comment