The company has 15 years of uninterrupted growth from 1992 to 2006.
Its vision is to be the leading Managed ICT Services Provider in
In 2002, VADS was listed in the Second Board with an offer price of RM2.10.
In 2003, it signed with AT & T to provide high speed international Managed Network Services to over 60 countries.
In 2004, it achieved Cisco Silver Partner status.
In 2005, it was transferred to the Main Board after a bonus issue of 1 for 2. In the same year, it won the Cisco Best Managed Services Partner award as well as the IBM Platinum award.
Besides in-sourcing business from TM group, its other customers encompass other industries with includes banking, insurance, shipping, power & telecommunications
For fiscal year 2006, its EPS was 52.9c. This compares well with EPS of 28.7 sen for 2005.
For the 1st half year ended 30.6.07, EPS jumped to 34.84. The 2nd quarter, in particular, shows phenomenal growth. EPS stand at 21.51 sen. This is a 96.79% improvement over the previous corresponding period of last year.
With some overseas contracts coming on stream, earnings will continue to grow unabated and with greater momentum as well.
The growth potential of this small-cap stock is immense and commendable. Recently, the company announced a share split of 1 into 2 and an interim dividend of 17 sen tax free.
OSK Securities has upgraded its share price to RM10.50 per share.
CEO Dennis Koh Seng Huat and his team have done superbly. May their splendid run continues.
A small-cap stock with explosive earnings growth is the key to great wealth.
As usual, this blog disclaims all liability for its comments.
Cheers!
