ECS Holdings (E18.SG) may gain on prospect of greater investor interest as supplier of IT services, hardware seeks presence in Taiwan Stock Exchange by issuing TDRs, following footsteps of increasing number of SGX-listed companies, says Dow Jones.

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% year to date vs +3.8% by FTSE ST Technology Index, stock not actively traded. Average volume over past 200 days under 200,000 shares, just 99,000 over last 50 days.

 

Stock flat at $0.52 yesterday. Immediate resistance at September high of $0.545, then $0.565 July peak.