VSTECS share price and key numbers
| Stock code | VSTECS (5162), Bursa Malaysia Main Market, Technology sector |
| Share price | RM1.61 (close, 29 September 2026) |
| 52-week range | About RM1.23 – RM2.18 |
| Market capitalisation | About RM1.72 billion (around 1.07 billion shares) |
| P/E ratio | About 15 times trailing earnings |
| Dividend yield | About 2.2% (about 3.6 sen paid over the past 12 months; latest ex-date 23 April 2026) |
| Revenue (trailing 12 months) | About RM4.22 billion, up 33% |
| Net profit (trailing 12 months) | About RM113.8 million, up 44% |
| Next results | 3Q2026 results expected around mid-November 2026 |
Figures from StockAnalysis.com (S&P Global data) as of 29 September 2026. For the live VSTECS share price, check your trading app; prices change every trading day.
What does VSTECS do?
VSTECS distributes computers, servers, storage, networking and software from global brands to resellers and corporate customers in Malaysia. It is part of the Hong Kong-listed VSTECS Holdings group and reports three business segments:
- ICT Distribution: PCs, laptops, printers and accessories sold through dealers and retailers.
- Enterprise Systems: servers, storage, networking, cybersecurity and software for companies and government projects. This is now its biggest segment.
- ICT Services: installation, support, managed services and cloud subscriptions, a source of more recurring revenue.
Latest results: 2Q2026 and 1H2026
- 2Q2026 net profit: RM30.3 million, up 50% year on year.
- 2Q2026 revenue: RM1.08 billion, the third quarter in a row above RM1 billion.
- 1H2026 net profit: RM53.2 million, up 40%.
- 1H2026 revenue: RM2.13 billion, up 41%.
- Enterprise Systems revenue rose 46% to RM567 million in 2Q, helped by more public-sector projects, and made up 53% of group revenue.
- ICT Distribution revenue grew 20%, and ICT Services grew 14%.
Management said demand stayed resilient despite global shortages of CPUs and memory chips, citing spending on digital transformation, AI and cybersecurity infrastructure. In 1Q2026, profit had already risen 29% on AI data centre demand and customers buying devices ahead of price increases.
Analyst target price
| Low | Average | High | Upside from RM1.61 |
|---|---|---|---|
| RM2.14 | RM2.27 | RM2.40 | About 33% – 49% |
Three analysts are tracked, with a consensus “buy” rating. Their 2026 forecasts average about RM4.34 billion in revenue and about 11 sen in earnings per share. Analyst targets are opinions and are often wrong. Treat them as one input, not a reason to buy.
Why the VSTECS share price moves
- Quarterly results: as a low-margin distributor, small changes in sales volume or margin move profit a lot.
- Government and enterprise IT spending: public-sector projects drove much of 2026’s growth, so contract timing matters.
- AI and data centre investment: demand for servers, storage and networking from Malaysia’s data centre build-out.
- Component supply and prices: chip and memory shortages can delay deliveries but also lift selling prices.
- Tech sector sentiment: VSTECS often moves with Bursa technology stocks and global chip news.
Risks to watch
- Thin margins: distribution businesses earn only a few sen per ringgit of sales, so a small cost increase can hit profit hard.
- Can growth of 40–50% last? Part of 2026’s jump came from projects and pre-buying ahead of price increases, so growth may slow.
- Supply and vendor dependence: VSTECS relies on allocations from global brands, especially for GPUs and storage.
- Working capital: higher inventory and receivables tie up cash if demand slows.
- Public-sector timing: delays in government projects could make quarterly results uneven.
Is VSTECS shariah-compliant?
Check the latest Securities Commission Shariah Advisory Council list, which is updated every May and November, or the Shariah tag in your trading app before you buy. Status can change between reviews.
How to buy VSTECS shares in Malaysia
- Open a CDS and trading account with a Bursa broker. With M+ Global you can do it online with your MyKad. See the M+ Global guide.
- Deposit money, then search “VSTECS” or “5162” in the app.
- Place a limit order in lots of 100 shares. At RM1.61, one lot costs RM161 plus fees.
Frequently asked questions
What is the VSTECS share price today?
VSTECS closed at RM1.61 on 29 September 2026. Check a live quote in your trading app for today’s price.
What is the VSTECS stock code?
VSTECS trades on Bursa Malaysia’s Main Market under the code 5162 and the short name VSTECS.
Does VSTECS pay dividends?
Yes. It paid about 3.6 sen a share over the past 12 months (latest ex-date 23 April 2026), a yield of about 2.2% at RM1.61.
What is the VSTECS target price?
The three analysts tracked by S&P Global have targets from RM2.14 to RM2.40, averaging about RM2.27 (as at late September 2026).
Why did VSTECS profit jump in 2026?
Mainly Enterprise Systems growth from public-sector projects and enterprise spending on AI, cybersecurity and infrastructure, plus higher device shipments.
Key takeaways
- VSTECS (5162) is a Malaysian ICT distributor trading around RM1.61, at about 15 times earnings with a yield of about 2.2%.
- 1H2026 net profit grew 40% to RM53.2 million, led by Enterprise Systems and public-sector projects.
- Analysts’ average target is about RM2.27, but thin margins and how long growth can last are real risks.
Want a second opinion before you buy? Open M+ Global with invitation code UBZQ and message me for the latest research on VSTECS and other Bursa tech stocks.
Disclosure: Dexter Chia is a licensed dealer’s representative (DR code R336) at Malacca Securities Sdn Bhd. This article is for education only and is not a recommendation to buy or sell any security. Sources: VSTECS Berhad results announcements (May and August 2026), The Star and The Edge Malaysia, StockAnalysis.com (S&P Global data, 29 September 2026).
