'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.”
I still remember when i show out this stock price progression rm 3 - 6 - 11 - 50... malaysia first tech stock to hit rm 100 , some people said vstec rm 3 is a dream but now it progress to the next level rm 6 , many prople dont believe and laugh at japanese , but never mind because japanese will force you to believe later and if u want get rich u better trust japanese only in bursa !
Tomorrow its will retrace to Support1 3.80 then continue to Support2 3.50 .....its not possible as I see and if you noticed from 9 Jul its volume started to shrinking in the rising market. Its make a new high + bearish signal. You can TP rm6, 11,50, 100 ......currently Bursa is not able to realize it... Btw T A Y O R & Happy Trading😁😁😘
The Lull, before the Storm Take profit if you can Cut loss if you can't There will be a repeat of last week! Vstecs can plunge below RM4 soon, same trend as Ytlpower & Nvidia with bearish engulfing pattern!
Investors make Bursa like a cassino and it is mostly controlled by the Sharks.... Rm6, 11, 50 ,100.....is just a day dream...Sharks are just waiting to traps a retail investors.. ...what important is SAVE YOUR CAPITAL first and dont greedy..,, T A Y O R & Take Care
Waiting for break out soon. Chart Pattern shows after down for few days, it will go up with Higher low and Higher Highs. Anyway has great potential due to AWS, Starlink, and etc.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NatsukoMishima
8,119 posts
Posted by NatsukoMishima > 2024-07-01 15:45 | Report Abuse
Once latest qr out jump above rm 5 already !