Technology index is above 20-day EMA and it is bullish temporarily, hope that the worst is over for this stock. RM also depreciated 5%, hope that the sell down on technology stock is over. Good luck. Thank you.
Wow, now i cyberattack is so terrible can even malfuntion the hospital medical device , like that i think not only sme but all government agencies departments should have starsentry system to safeguard cyberattack !
LGMS is partnering with VSTECS Astar Sdn Bhd as an official distributor for StarSentry. By leveraging VSTECS’s extensive network of 3,600 channel partners, the partnership aims to empower businesses especially SMEs to safeguard their digital assets effectively. – Oct 17, 2024
If u still dont know why i keep saying vstecs will hit rm 3 - 6 - 11 - 50.... pls go to check who is palo alto , starlink , amazon , google pixel ! I just dont know why they still dont want annouce partnership with Nvidia blackwell in data center , maybe vstec worry about their share price will direct skyrocket to multiple limit up !
Please do me a favour, please stop to badmouth other stocks in I3, I believe the share price of Vstecs will move up north very fast. I also have a big investment in this stock, please do not spoil the party here. Thank you for your help.
Key initiatives include the Supply Chain Resilience Initiative and the New Investment Incentive Framework, both aimed at enhancing Malaysia’s standing in the global tech landscape. This budget demonstrates a strong commitment to fostering technological advancements, digitalisation, and skilled talent development, crucial for positioning Malaysia as a key player in the semiconductor supply chain.
The New Investment Incentive Framework, with a strategic fund of RM1 billion, targets high-value-added activities, placing a strong emphasis on AI, semiconductor technology, and innovative industrial practices. This framework aims to boost local talent, encouraging them to pursue research and high-value projects within the country, with implementation expected in the third quarter of next year.
Additionally, Malaysia’s tax incentives are being expanded to include advanced materials and integrated circuit (IC) design, further cementing the nation as a major player in the high-tech sector.
A significant aspect of Budget 2025 is the commitment to digitalisation and automation, with investments totalling USD16.9 billion from global technology giants. This support aims to modernise industries, particularly in automating and upgrading current processes, and includes accelerated capital allowances for ICT equipment, software, and consulting services. The new incentives also extend support to integrated circuit (IC) design activities, further strengthening Malaysia’s position in the semiconductor industry.
Please do me a favour, please stop to badmouth other stocks in I3, I believe the share price of Vstecs will move up north very fast. I also have a big investment in this stock, please do not spoil the party here. Thank you for your help.
__________ If a stock really worth the high price with bright future n solid fundamental then u no need to worry about other people sabotage this stock because the share price will keep uptrend ! I just like give own opinion about business not bad mouth if compare with other people using rude words curse your family ! I respect u OTB for good vision in ytl brothers , i still holding ytl no scare !
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.
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.
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
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
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 ! 🤣🤣🤣
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 !
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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....
genchwan2
43 posts
Posted by genchwan2 > 2 months ago | Report Abuse
extremely undervalued counter. if you look at US tech stocks. Their PEs are much higher