I think you have missed the news on 10 August 2007 DJ MARKET TALK: DBS Vickers Cuts ECS To Hold On VST Buyout
0504 GMT [Dow Jones] STOCK CALL: DBS Vickers downgrades ECS Holdings (E18.SG) to Hold from Buy on limited upside to its target price of S$0.67 after VST Holdings (0856.HK) offers to buy 52.5% stake in IT products distributor for S$0.668/share; deal will trigger mandatory takeover offer for rest of ECS shares under Singapore takeover rules. Says investors should accept offer as bid attractive, valuing ECS at 1.3X P/B. Stock +1.6% at S$0.64 midday. STI down 2.9%. (FKH)
Contact us in Singapore. 65 64154 150; MarketTalk@dowjones.com
陈桦
I think you have missed the news on 10 August 2007
DJ MARKET TALK: DBS Vickers Cuts ECS To Hold On VST Buyout
0504 GMT [Dow Jones] STOCK CALL: DBS Vickers downgrades ECS Holdings (E18.SG) to Hold from Buy on limited upside to its target price of S$0.67 after VST Holdings (0856.HK) offers to buy 52.5% stake in IT products distributor for S$0.668/share; deal will trigger mandatory takeover offer for rest of ECS shares under Singapore takeover rules. Says investors should accept offer as bid attractive, valuing ECS at 1.3X P/B. Stock +1.6% at S$0.64 midday. STI down 2.9%. (FKH)
Contact us in Singapore. 65 64154 150;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
August 10, 2007 01:04 ET (05:04 GMT)
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