PETALING JAYA: Shares of Vstecs Bhd
hit an all-time high yesterday, after the ICT distributor was named first Amazon Web Services (AWS) distributor in Malaysia.
The company also hit limit up, surging 29.71% or 82 sen to a record high of RM3.58, with 17.45 million shares traded. It has risen 37.69% in the past five days.
On Wednesday, VSTECS, via its wholly-owned subsidiary, VSTECS KU Sdn Bhd, announced that it would offer AWS’ portfolio of highly scalable and cost-effective cloud services, including compute, storage, databases, analytics, networking, and application services to enterprises in the private and public sectors in Malaysia.
In a statement, the company said its extensive network of channel partners and expertise in cloud services will ensure seamless access and support for Malaysian businesses looking to migrate to the cloud or optimise their existing cloud infrastructure.
In the same statement, chief executive officer JH Soong said the collaboration aligns with the company’s commitment to drive growth in the cloud and data centre space.
