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bayar hutang is good ma.. now interest rate high. after clear hutang dy can save on interests. savings go straights to profit (gotta pay tax la). and the rest of proceeds go to expanding business.
Just read thru prospectus. Vetece is partner to Oracle, Salesforce, WSO2 and Teradata. not bad wor. All the big big MNCs use these solutions ..they need local company to implement the system and do maintenance. Vetece GP >40%. recurring revenue also >40% .. steady bom pi pi.
actually, can read the quarterly report for details. revenue up.. operating profit for the quarter is decent at RM4m.. but bottom line was affected due to accounting matters. nothing to do with operations.. last year numbers got bumped up by RM10m reversal of impairment loss. not apple to apple comparison. anyway, i reckon time will tell.. we see next quarter results... i have been following this stock for a while.. if you follow the development in Australia.. then u will understand why this company will do well next quarter.. stay tuned!