to learn which is better

talking about MOAT

https://theedgemalaysia.com/node/662007

“Our network and channels have been built over three decades and it will be very tough for any new entrants to come in over the short term. Our profits have almost doubled over the last three years and we believe the best is yet to come,” he says.

KGB is good but perhaps VSTECS is way better...it only needs a small margin expansion to cause significant impact on its bottom line

dont forget KGB's warrants will dilute the outstanding shares by almost 1/3 by 2026

VSTECS EPS just released 5.5 cents!
Amazing results! Quarter to Quarter shot up 28%! Better than KGB

For Q3 FY2024, the revenue increased by 30.2% to RM841.8 million from RM646.4 million last year attributed to recovery in both consumer and enterprise product and new product launching. Accordingly, gross profit (GP) increased by 28.6% to RM48.9 million from RM38.1 million last year.

Amazing results! Quarter to Quarter shot up 28%! Better than KGB

For Q3 FY2024, the revenue increased by 30.2% to RM841.8 million from RM646.4 million last year attributed to recovery in both consumer and enterprise product and new product launching. Accordingly, gross profit (GP) increased by 28.6% to RM48.9 million from RM38.1 million last year.

Profit before tax (PBT) increased by 53.5% to RM26.5 million from RM17.3 million after accounting for lower impairment of
financial instrument by RM845,000 and higher share of associate profit by RM452,000

Malaysian handphones can also explode if they keep supporting Hezbollah!

Better to obtain all electronic devices from authorized distributors like VSTECS


https://www.bbc.com/news/articles/cj6ezre8xr4o

Icom further added that all its radios are manufactured at the same factory in Japan, and that it only sells products for overseas markets via authorised distributors.

All sales made by VSTECS to the Purchaser shall be subject to the following Terms and Conditions (T&C). The Purchaser’s unequivocal acceptance of these T&C shall be deemed by any of the following actions:

3. PRICE, PAYMENT AND CREDIT FACILITIES

3.1. VSTECS's quoted prices shall be in Ringgit Malaysia (RM) and are subject to change without prior notice.

https://www.ecsm-online.com.my/TermsOfSale.aspx

ICT exports rise for 10th straight month in August

https://en.yna.co.kr/view/AEN20240913002700320

Outbound shipments of ICT products came to US$20.6 billion last month, up 28.5 percent from $16.03 billion a year earlier, according to data compiled by the Ministry of Science and ICT.

Malaysian buying power of imported products would have increased significantly....govn salary hike would amplify these effects further

What we know about the Google Pixel 9 series in Malaysia

https://klgadgetguy.com/what-we-know-about-google-pixel-9-in-malaysia/

Although we haven’t got the official general availability date, official retailers and telcos will be taking preorders of the Pixel 9 on 14th August onwards, the official retailers are Urban Republic, Senheng and SenQ. while only telcos Maxis and CelcomDigi have confirmed that they will be offering the Pixel 9 through their postpaid plans.

According to the SIRIM eCOMM database, the distributor for the Google Pixel 9 series is VSTECS ASTAR Sdn Bhd, which is a well known and reputable distributor that has carried various tech products in the market, some notable brands include HP, ASUS, HONOR and Ruark, hence we should expect decent after sales support.

Retailers are expected to begin their preorder on 14th August 2024, which is the day that Google will also officially launch the phones globally, this is commendable and we are happy to see that Google is making Malaysia one of its key market in the APAC

From Q1 FY2024 Pg 13 & 14:

17. Results from operating activities are arrived at after (charging)/crediting: (continue)

The Group is exposed to foreign currency risk on purchases that are mainly denominated in US Dollar ("USD"). However, the Group hedges most of the exposures by purchasing forward currency contracts in USD for payments on due dates


19. Prospects

Malaysia’s economy is estimated to have grown 3.9% in the first quarter of 2024. The International Monetary Fund (IMF) has revised the outlook for Malaysia’s real gross domestic product (GDP) by a notch upwards to 4.4 per cent this year from its earlier prediction of 4.3 per cent.

In February, Ringgit traded at almost RM4.80 against the US Dollar, near 26-year lows since the Asian Financial Crisis. The weak Ringgit exchange rate continues to have a negative impact to all ICT imported goods and consumer spending sentiment.

VSTECS sees growth momentum on all fronts

https://theedgemalaysia.com/node/725187

https://theedgemalaysia.com/node/725616

CMSB wants to break away from general market looks like....

must be aiming to break its recent peak very soon

I see, Thanks sslee

what could be the motive of substantial shareholder transferring to another? any experienced traders can enlighten

if more than 50% of their revenue is coming from local sales....this stock will be a jackpot investment due to MYR strengthening against USD

market mistaken it as export oriented tech stock...when in fact a major chunk of products are imported

if they can increase margin just by another 2% from weaker USD (their product cost), profit will be explosive.....

Isn't VSTECS a beneficiary of strong MYR against USD?

very strange this stock....i have never seen a stock declining purely because of expected forex loss, market will always look forward excluding one-off gain or loss ...

as such perhaps there is another underlying issue unknown to us regarding Notion

of course positive la...

China company sacrifice shareholder earnings for the employees ma.......

EPS 3.11 cents...fantastic!

Prospects for the year ending 31 December 2024

The Group is cautiously optimistic of the prospects for 2024, aside from the following challenges barring any other unforeseen circumstances:

• RM:USD exchange rate movements; and
• The outcome of the ongoing arbitration for Cahya Mata Phosphates Industries Sdn Bhd.

Cement demand is expected to pick up in second half of the year driven by infrastructure projects.
While wider economic volatility may persist in the light of inflationary pressures and supply chain disruptions due to global geopolitical uncertainties.

The Group will continue with its pursuit of operational, logistics
and distribution efficiencies.

We will continue to remain resilient and focus on realising our full growth potential, leveraging on our healthy balance sheet and diverse portfolio of businesses.

Earnings out - 4.4 cents! Fantastic...

may be because the management keep highlighting they were optimistic on Q2 earnings and future but results was not as good as portrayed.......keep highlighting good news by linking with big companies but nothing concrete has surfaced to the bottom line...

impression on management turned negative

but sometime charlestT not sure where the lie is...he will shoot blindly like these guys in predator

https://www.youtube.com/watch?v=dK1B9b_0Z2Y

but CharlesT sometimes over cynical leh....

Posted by CharlesT > Aug 26, 2024 11:28 AM | Report Abuse

Bsides Sifu, I think I am the one who undertands Sifu the most...

The real Sifu, including his dark side

ha ha..i like this statement from OTB!

Its so obvious KYY is a heartless liar from beginning...he is a bit like Trump...he thinks he can use his success to make others belief whatever he says....but cannot be so blatant la...he he


Posted by OTB > Aug 26, 2024 11:20 AM | Report Abuse

Posted by Sslee > 3 minutes ago | Report Abuse

No point keep looking back as you cannot change the past. Rightly the past belong to the past.

Why not look forward and start afresh with a new Koon-Bee goreng shop?
----------------------
It will never happen again.
I completely shut him off from my contact.

I will run far ... far ... away from this man.
No credibility and ungrateful person.
Thank you.

the more the investments there, the more money flows around ...catalyst for population growth and construction of infrastructure

https://theedgemalaysia.com/node/723068

VSTECS TO HARNESS DATA CENTRE, CLOUD & AI OPPORTUNITIES

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473370

what about VSTECS? i think it should benefit from stronger MYR as its importing product & services from US and selling in Malaysia

furthermore, its margin is thin....it will have significant benefit

https://www.cnbc.com/2024/08/01/aws-q2-earnings-report.html

https://theedgemalaysia.com/node/721226

Sarawak has vast resources for green energy

https://www.thestar.com.my/business/business-news/2024/07/18/sarawak-has-vast-resources-for-green-energy

i think coming qtr earnings of YTLP will be fantastic....

however, if you are too afraid incase its below expectations, suggest to move some from YTLP to Ranhill

Ranhill will move up independent to its earnings result

Sarawak recorded RM4.2b investments in 1Q2024, targeting more green investments — Zafrul

https://theedgemalaysia.com/node/719374

for those who missed this info earlier....

The State of the Nation: Investments in water need to keep pace with influx of data centres

https://theedgemalaysia.com/node/718243

I am going to be honest with you. Data centres are not environmentally sustainable,” admits an investor, who is setting up a data centre in Selangor. “And the only reason people come to Malaysia to invest is that Singapore doesn’t want data centres anymore.”

Malaysia has seen an influx of data centre investments over the last three years, coinciding with Singapore’s moratorium on the energy-guzzling boxes between 2019 and 2022. The moratorium was lifted last year.


Between 2021 and 2023, data centre investments approved by the Ministry of Investment, Trade and Industry (Miti) totalled RM114.7 billion, making up 79% of total approved digital investments during that period.

The influx is pushing Malaysia into becoming the region’s new data centre hub, catching up with Singapore.

One factor that could throw a spanner in the works, however, is water.

...............

Data from RSAJ shows that it has received applications for 439.67MLD of water between 2024 and 2035 from data centres. Of this amount, 316.38MLD have been supported, while the remaining 30.51MLD have yet to be supported by the water operator.

We Are Ranhill SAJ

https://www.ranhillsaj.com.my/

Ranhill SAJ is an integrated water supply company incorporated in the process of water treatment, distribution and management. We manages the whole water network in Johor and manages raw water abstraction, treatment, distribution, and sale as the sole operator for the state.

Holistic approach to developing data centres

https://www.thestar.com.my/business/business-news/2024/07/13/holistic-approach-to-developing-data-centres

“Firstly, data centre operation consumes a lot of power and water. A lot of companies decided to choose Malaysia as the destination because of our relatively affordable electricity and water tariff.

“In addition, our power and water supply is relatively stable compared to many developing countries in the region.

“However, with the existing and incoming data centres, we need to ask how sustainable is our capacity to supply undisrupted power and water to these data centres without compromising other sectors such as the commercial, residential, medical and/or manufacturing segments.”

Wee Tiam says there needs to be plenty of “planning ahead” when it comes to setting up a data centre.

“Do we plan for the future in terms of sufficient power generation and comprehensive network coverage? Do we plan for sufficient water reservoirs/storage and treatment plants to cater to the sudden surge in usage?

.....

only ytlp has the holistic approach capability....

Holistic approach to developing data centres

https://www.thestar.com.my/business/business-news/2024/07/13/holistic-approach-to-developing-data-centres

“Firstly, data centre operation consumes a lot of power and water. A lot of companies decided to choose Malaysia as the destination because of our relatively affordable electricity and water tariff.

“In addition, our power and water supply is relatively stable compared to many developing countries in the region.

“However, with the existing and incoming data centres, we need to ask how sustainable is our capacity to supply undisrupted power and water to these data centres without compromising other sectors such as the commercial, residential, medical and/or manufacturing segments.”

Wee Tiam says there needs to be plenty of “planning ahead” when it comes to setting up a data centre.

“Do we plan for the future in terms of sufficient power generation and comprehensive network coverage? Do we plan for sufficient water reservoirs/storage and treatment plants to cater to the sudden surge in usage?

.....

only ytlp has the holistic approach capability....

Analysis: Positive as Petros takes the helm for Sarawak’s gas

https://www.theborneopost.com/2024/07/09/analysis-positive-as-petros-takes-the-helm-for-sarawaks-gas/

Belgium’s Melexis opens its largest wafer testing site worldwide in Kuching

https://theedgemalaysia.com/node/718460

Analysis: Positive as Petros takes the helm for Sarawak’s gas

https://www.theborneopost.com/2024/07/09/analysis-positive-as-petros-takes-the-helm-for-sarawaks-gas/

Belgium’s Melexis opens its largest wafer testing site worldwide in Kuching

https://theedgemalaysia.com/node/718460

liquid cooling is a technology where coolant is used as a intermediary medium to takeaway heat from DC and then pumped to heat exchanger to transfer back the heat to water.....

water is the greatest heat remover with the cheapest capital investment and operational cost

the pouring investment of DC at Johor in the first place is because of cheap water source

Great thing about Ranhill is that...its actually selling its water to international market (USD) by supplying to DC.

The weak MYR coupled with cheapest water price in the region shows how big the potential is....Singapore DC market will all move to Johor.

https://www.thestar.com.my/news/nation/2024/01/04/malaysia039s-water-tariff-among-lowest-in-asean-says-span

this is a jackpot investment

Read the Edge weekly article on water demand for DC just out...

old article on data centres to remind investors

https://theedgemalaysia.com/node/662007

'our network and channels have been built over three decades and it will be very tough for any new entrants to come in over the short term' - Mr. Soong

Venturing into power solutions market

As data centres have become more critical to the operations of businesses and organisations, the demand for reliable and continuous power supply has also increased.

On March 22, VSTECS announced that the group was authorised to distribute Schneider Electric’s uninterruptible power supply (UPS) devices, sold under its flagship brand, APC, an industry leader in physical infrastructure and software solutions.

Soong highlights that power solutions and UPS are important and represent a significant market in the data centre industry.

“This year, we will be entering the power solutions market. This is highly complementary to the core offerings of VSTECS’ enterprise systems segment, where our clients require a reliable and uninterrupted power supply to ensure continuous operation of their mission-critical IT infrastructure,” he stresses.

For the longest time, says Soong, VSTECS never supplied power-related products to its customers, whereas the UPS systems and equipment manufacturers had been selling their products through the electric power distributors.

“But now, VSTECS will be going into this space from the IT perspective. We have close to 5,000 resellers, about 2,000 of which are systems integrators, which have been supplying IT equipment for servers and storage. It will be very synergistic if we could ask them to sell UPS products as well because they are serving the same customer base anyway,” he points out.

On top of UPS, VSTECS will also be covering the renewable energy (RE) and electric vehicle (EV) charging businesses in the power solutions space.

“VSTECS also wishes to play a role in the RE space. Today, data centres around the world are consuming huge amounts of electricity. There are many hyperscalers investing in data centre infrastructure in Malaysia and this is where we see the opportunity,” Soong says.

As regional data centres are expected to flock to Malaysia in a big way, Soong says other than supplying the ICT products and offering enterprise systems to its customers, the group also intends to sell power solutions and green energy products.

“We could help data centres measure their power usage and we could offer intelligent green solutions such as portioning out certain parts to RE. We could also install solar panels on the roof of data centres to capture the power for daily consumption, which could help them save on their electricity bills, or to store the energy in the UPS, which is essentially a battery backup,” he notes.

In a nutshell, says Soong, VSTECS’ smart power supply solutions could help data centres go greener. “We also expect that in the coming years, everybody will need an EV charger at home. We believe EV chargers are the next big thing. It will become a consumer product.”

even steel producers stock price are rising due to anticipated DC investments...which is only one time capex...

what about that DC which needs water for cooling forever at ever increasing amount?