people might have mistaken this as gloves counter. This is not a gloves counter. It is pure tech counter. All its products and services are tech-based. It has good EPS and has no record of posting losses too.
Yes. Market sentiment is bad bcos of those excessive speculated and overvalued glove counters being sell down. Luckily Vstecs still provide dividend for its shareholders.
WOW . Didnt realize this used to be ECS ICT LOL . Last time ald doing so good. Change name straight fly to the moon. If I knew like that also can ... All in ald back then . HAIYAAAAA
"This resulted in an increase in sales volume and we could have done better if not for supply constraints in fulfilling market demand. We are working closely with our brand principals to improve supply. To continue scaling up our ICT distribution business, we are looking to deepen our e-commerce reach by representing more official online brand stores next year"
Based on current market outlook with the effect Covid-19 impact, VSTECS recorded RM821.5mil revenue (+3% YoY) in 1HFY20 pursuant to higher sales of notebooks, printer and monitor which happened during second-wave of Covid19 MCO periods have provide us the insight of demands in ICT products from private/public corporates in 2HFY20 to tackle the third-wave of Covid-19 obstacles. Expecting VSTECS to record RM1.12bil (+11% YoY) for 2HFY20 ramping up total revenue RM1.942bil (+8% YoY) resulting net profit FY2020 at RM30.8mil at 1.60% profit margin.
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....
gohkimhock
3,138 posts
Posted by gohkimhock > 2020-09-10 10:21 | Report Abuse
people might have mistaken this as gloves counter. This is not a gloves counter. It is pure tech counter. All its products and services are tech-based. It has good EPS and has no record of posting losses too.