VSTECS: Humanoid Robotics Adding Strategic Upside

KUALA LUMPUR, March 24 — AmInvest has highlighted humanoid robotics as a potential new growth vector for VSTECS, following its tie-up with Agibot. While near-term earnings impact is expected to be minimal, the partnership strengthens VSTECS’ positioning with technology principals and broadens its role as Malaysia’s distribution funnel. AmInvest noted that Goldman Sachs forecasts the humanoid robotics market could reach US$38 billion by 2035, potentially expanding VSTECS’ total addressable market by 5 per cent.

VSTECS

During a demonstration, the Agibot robot showcased basic conversational skills, gestures, and stage presence, though practical utility remains limited. VSTECS Astar’s agreement to distribute Agibot solutions leverages its nationwide reach, 4,000 reseller partners, and enterprise relationships, positioning it to seed early adoption. AmInvest maintained a “BUY” call with a target price of RM6.40 per share, citing rising AI infrastructure spend, hardware refresh cycles, and faster cloud adoption as the main earnings drivers.