Dicker Data's New Acquisition is Incrementally Positive
Dow Jones
Yesterday
2249 GMT - Dicker Data's latest acquisition is viewed at UBS as an incrementally positive step despite its relatively small size. The investment bank's analysts tell clients in a note that Dicker Data's A$111.8 million move for regional tech-solutions distributor Sektor Group helps develop its geographic expansion at an attractive acquisition multiple. They think the deal will be immediately accretive to EPS for the Australia-listed hardware and software distributor. With Dicker Data targeting southeast Asia, the UBS analysts want to see more evidence that Sektor can grow its revenues outside of Australia and New Zealand. UBS has a neutral rating on the stock and an unchanged target price of 15.40 Australian dollars. Shares are at A$15.57 ahead of the open.
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