Eng Kah Corp (EKC MK, BUY, FV: RM4.25, Last Closed: RM3.19). A Specialised OEM/ODM in Personal Care and Household Products. Eng Kah Corp (Eng Kah) is a renowned Penang-based original equipment manufacturer (OEM) of cosmetics, perfumery, toiletries, skin care and household products. Its fundamentals are underpinned by compelling dividends payout, exciting opportunities ahead and its ability to be an exceptional OEM player. Pegging a fair 5% FY12 dividend yield, we have a Target Price of RM4.25, which suggests a potential upside of 33% from the current share price.
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