Posted by NatsukoMishima > 2 weeks ago | Report Abuse

PETALING JAYA: Kenanga Research anticipates a rise in demand for cloud services as global cloud service providers (CSPs) continue to invest heavily in data centres, cloud and artificial intelligence (AI) infrastructure in Malaysia.

The research house said it believes players involved in various roles within the cloud industry such as CSPs, distributors for global CSPs, managed-cloud service providers, software vendors and system integrators, stand to benefit.

Among the beneficiaries include Telekom Malaysia Bhd, Maxis Bhd, CelcomDigi Bhd, OCK Group Bhd, as well as TIME Dotcom Bhd, Dagang Nexchange Bhd, Vstecs Bhd and SNS Network Technology Bhd.

Posted by SamanthaNg > 2 weeks ago | Report Abuse

Vstecs' PE still lower than its peers 😉

Posted by genchwan2 > 2 weeks ago | Report Abuse

😁

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

The king of tech stock in 2025 , MAGA !

Posted by star584 > 2 weeks ago | Report Abuse

We expect a stronger 2H24, boosted by higher contributions from VMware, along with
new revenue from Google Pixel and AWS cloud services, as well as shipments of AI
related DC equipment. The stock will also benefit from Budget 2025, which allocates
significant funds to promote digitalisation in Malaysia. A key inflection point may occur
with the government’s rollout of new DC incentives, which could potentially
supercharge VSTECS’ growth by unlocking its TAM. Maintain BUY. Target price:
RM5.02.
WHAT’S NEW
 Expect a stronger 2H24. Recall that VSTECS reported a core net profit of RM29.4m (-4%
yoy), accounting for only 40% of our full-year estimate due to the slower rollout of public
sector projects in 1H24. Despite this, there was notable growth in the ICT distribution
segment (+19% yoy) in 1H24, driven by the strong uptake of Starlink (thousands of units
monthly) and a resurgence in PC demand indicating the start of the replacement cycle for
devices bought during the pandemic. We expect earnings to catch up in 2H24, supported by:
a) the rollout of Google Pixel in Aug 24, with thousands of units delivered since Sep 24, b)
new AWS cloud service contributions following its data centre (DC) launch in Aug 24, c)
increased contribution from VMWARE under a new agreement (doubling effect), d)
shipments of AI-related DC equipment in 3Q24, e) steady adoption of Starlink with the
potential rollout of Starlink Mini in 4Q24, and f) seasonally stronger consumer and enterprise
spending in 2H24.
 New DC incentives: A strategic inflection point. The Malaysian government is currently
restructuring its incentive packages for DC investments to prioritise high-value activities that
bring broader economic benefits. Treasury Secretary General Datuk Johan Mahmood
Merican highlighted concerns that while DCs involve significant capex, they often do not
create enough high-skilled jobs and can strain electricity and water resources. To address
this, the government will introduce a new investment incentive framework by mid-25, using a
“scorecard” approach to assess projects based on factors like job creation, local business
linkages, sustainability, and alignment with strategic economic sectors. These incentives will
be backed by a RM1b strategic fund designed to cultivate local talent and promote high-value
activities in the E&E and AI sectors, ensuring long-term economic benefits. We believe this
could be an inflection point for VSTECS, as it will further accelerate its DC equipment and
GPU server deals by multiple folds, growing from the current tens of millions of ringgit.
 Beneficiary of Budget 2025. While details remain sketchy, VSTECS stands to benefit
significantly from Budget 2025, which allocates substantial funds from both the Ministry of
Education (MoE) and the Ministry of Digital to enhance digitalisation and internet coverage
across Malaysia. The MoE's record allocation of RM64.1b includes RM635m for
infrastructure upgrades and expanded internet access in public universities, as well as
RM270m for improving internet coverage in higher education institutes, rural schools, and AI
education initiatives. Meanwhile, the Ministry of Digital is set to receive RM1.3b to promote
the digital economy, alongside capital allowances for e-invoicing implementation that
encompass ICT equipment and software purchases.

Posted by NatsukoMishima > 2 weeks ago | Report Abuse

Vstecs has many HBM , this time really huat kaw kaw !

Posted by genchwan2 > 1 week ago | Report Abuse

😉

Posted by NatsukoMishima > 1 week ago | Report Abuse

Vstecs + starlink + Elon Musk in White house = control the world technogy !

Posted by NRahmat > 1 week ago | Report Abuse

😁😁😁

Posted by genchwan2 > 1 week ago | Report Abuse

will they surprise us with a record earnings? 😉

Posted by NatsukoMishima > 1 week ago | Report Abuse

Yes , it definitely will within 5 years ! More SBB more EPS more higher share price ! Be patience and u will be paid later

Posted by mf > 1 week ago | Report Abuse

Dow falls more than 350 points, retreating from record as postelection rally takes breather

Posted by genchwan2 > 1 week ago | Report Abuse

why posting dow jones crap here? it's a rubbish index even in the US. Nvidia with market cap 3T USD just entered the index few days ago and has like only 2% in the dow just tell how useless the index is. lol

Posted by probability > 1 week ago | Report Abuse

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

Posted by NatsukoMishima > 1 week ago | Report Abuse

Feb got 1 more dividen around 4 - 5 sens , total around 7 sens per year dam dam masuk pocket !

Posted by NatsukoMishima > 1 week ago | Report Abuse

Towards rm 6 !

Posted by NatsukoMishima > 1 week ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1424703

Posted by troy88 > 1 week ago | Report Abuse

Great QR. Well done!

Posted by UnicornP > 1 week ago | Report Abuse

For Malaysia, Nikkei > Dow

Posted by KelvinGoh123 > 1 week ago | Report Abuse

brother even 3.60 also can't break🙄

Posted by NatsukoMishima > 1 week ago | Report Abuse

Be stand by for partnership with Nvidia Black well announcement !
Who sell who bodoh ! Vstecs possible really hit rm 50 in future !

Posted by serbatipu > 1 week ago | Report Abuse

Yang hari2 pekik RM6 lagi bodxh

Posted by jamishoot > 1 week ago | Report Abuse

Relax bro ..be happy

Posted by SamanthaNg > 1 week ago | Report Abuse

Nice, stellar financial performance and got dividend too

Posted by diuleiloumei > 1 week ago | Report Abuse

Congrat to those selling today, you may collect back cheaper soon

Posted by NatsukoMishima > 1 week ago | Report Abuse

I think u are the person who want to buy cheap ticket later not the smart investors who already parked their heavy capital in vstecs before it surge ! 🤣🤣🤣

Posted by NatsukoMishima > 1 week ago | Report Abuse

It s not too late for u to buy now before vstecs hit rm 6 - 11 - 50 !

Posted by genchwan2 > 1 week ago | Report Abuse

fantastic result. good growth
hope the ICT services segment will grow more
🤗

Posted by NatsukoMishima > 1 week ago | Report Abuse

https://www.orientaldaily.com.my/news/nation/2024/11/15/693112

Posted by NatsukoMishima > 1 week ago | Report Abuse

We all shareholders should recommend Mr Song to increase profit margin even a bit than their qr np will hit rm 30m atleast and dividen can hit 10 sen per annual !

Posted by leeeun > 1 week ago | Report Abuse

good result and good prospects, very much looking forward to see 7 to 11...🤗

Posted by leeeun > 1 week ago | Report Abuse

arigatou@NatsukoMishima,always promote this counter with perseverance👏

Posted by NatsukoMishima > 1 week ago | Report Abuse

I hope when share price hit rm 6 - 11 , u all will know in bursa u can only trust jepun ! Btw , u all should all in ranhill ,it will hit rm 5 !

Posted by genchwan2 > 4 days ago | Report Abuse

🤤😝

Posted by NatsukoMishima > 4 days ago | Report Abuse

Higher dividen in Feb !

Posted by NatsukoMishima > 3 days ago | Report Abuse

Vstecs is at warming up bull stage 1 only !

Posted by NatsukoMishima > 3 days ago | Report Abuse

Bull stage 2 = rm 6
Bull stage 3 = rm 11
Bull stage 4 = rm 50 (a stage u must take profit immediately and stay sideline )

Posted by NatsukoMishima > 3 days ago | Report Abuse

Nvidia partnership soon !

Posted by genchwan2 > 3 days ago | Report Abuse

😍

Posted by mf > 3 days ago | Report Abuse

Russia says its air defenses shot down five of the six missiles in the first such attack by Ukraine

Posted by NatsukoMishima > 3 days ago | Report Abuse

January all the war will stop !

Posted by NatsukoMishima > 2 days ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1428251


How many ICT products they will purchase from vstecs > 5000 selling channel ???

Posted by NatsukoMishima > 2 days ago | Report Abuse

Very easy to hit rm 6 in 2025 ! Dont miss out this golden opportunity!

Posted by genchwan2 > 2 days ago | Report Abuse

mf

Russia says its air defenses shot down five of the six missiles in the first such attack by Ukraine
==

and the russian men also shagged your mom

Posted by genchwan2 > 2 days ago | Report Abuse

diuleiloumei

Congrat to those selling today, you may collect back cheaper soon

5 days ago
==

thats why stock is not for you. You're obsessed about diaoing your mama only 🤣

Posted by investor77 > 2 days ago | Report Abuse

Had anxious moments when price fell below RM3 from Rm 4.27. Thank God now recovered a bit. Jepun confident it will hit Rm6, lets hope it is true. For Ranhill to touch RM 5, notice it struggles at around 1.30 area. Anyway YtlPower still in Doldrums while VsTecs has recovered steadily. Will it, VsTecs go up when NVidia goes up ?

Posted by NatsukoMishima > 2 days ago | Report Abuse

Nvidia partnership coming !

Posted by NatsukoMishima > 2 days ago | Report Abuse

True or false not decided by me ! I only know vstecs has big partner coming soon n robust np starts from now !

Posted by genchwan2 > 2 days ago | Report Abuse

yamete kudasai

Posted by Abba84 > 2 days ago | Report Abuse

Hmm,! Nvidia drops 2% in dow opening! Nasdaq in - territory!