Patience and conviction will pay off eventually

IT HAS been painfully frustrating investing in value stocks in Malaysia (in fact in value stocks in general) over the past three years - stocks which are cheap remain cheap, or worse, got cheaper. That is up till recently.

In the last few weeks, a number of deep value stocks in Malaysia have perked up sharply. This is the epitome of value investing. It requires conviction and patience. The rewards will come at an indeterminate future, and when they come, they generally do make the wait more than worth your while.

Take the example of VSTECS Berhad. The company distributes information and communication technology products like notebooks, personal computers, smartphones, tablets, wearables, printers, network and communication infrastructure servers, and enterprise software systems. It serves customers in Asia Pacific.