RHB raises forecasts on VS Industry, TP increased to RM1.28

7 Mar 2019 - The Star Online
KUALA LUMPUR: RHB research has raised its FY20F net profit forecast on VS Industry Bhd by 13% after factoring in the signing of its three-year master supply agreement with Bissell. The research house concomitantly trimmed FY19 earnings by 4% as it removed the orderbook win from this year's tally given ...
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AmInvest Research reduces VS Industry to Hold, FV RM1.04

4 Mar 2019 - The Star Online
KUALA LUMPUR: AmInvestment Bank Research downgrade its recommendation on V.S. Industry (VSI) from Buy to Hold with an unchanged fair value of RM1.04 a share, pegged to a CY19F PE of 14 times, given that the share price has recently risen. It said on Monday VSI has entered into a three-year master supply ...
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EYE ON STOCK

2 Mar 2019 - The Star Online
VS INDUSTRY Bhd ’s (code: 6963) recovery has finally surpassed the resistance at the RM1.04 line, as it made a third challenge to the hurdle in less than two months. The stock has been on gradual retracement following the sharp decline it suffered in mid-December 2018 when the highly negative catalyst ...
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VS Industry bags Bissell contract

1 Mar 2019 - The Star Online
KUALA LUMPUR: VS Industry Bhd has entered into a three-year agreement with vacuum cleaner company Bissell to manufacture its products on box-build basis. The agreement has commenced on Feb 27 and will be automatically extended in one year increments after the initial term, VS Industry said in a filing ...
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VSI selldown offers buying opportunities for investors

23 Jan 2019 - The Star Online
KUALA LUMPUR: Buying opportunities have emerged in VS Industry Bhd (VSI) following the recent selldown despite a deterioration in its short-term prospects, says PublicInvest research. "All-in, we believe VSI’s fundamentals remain intact and recommend a buy on weakness for its shares currently trading ...
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VSI selldown offers buying opportunities, says AmInvestment

9 Jan 2019 - The Star Online
KUALA LUMPUR: AmInvestment research has cut its FY19F-FY21F earnings forecasts on VS Industry Bhd by a further 6-15% due to lower printed circuit board assembly revenue. The research house noted that the lower revenue forecast is tied to reduced contribution from a key customer in 2HFY19 although the ...
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Short selling of VS Industry suspended again, extending losses

18 Dec 2018 - The Star Online
KUALA LUMPUR: The short-selling activities of VS Industry was suspended again early Tuesday after its share price fell more than the 15% or 15 sen limit. Its share price fell to a low of 65 sen, down 17 sen from the previous day’s close of 82 sen, as it continued to come under severe selling pressure ...
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VS Industry plummets on weak 1QFY19 earnings

17 Dec 2018 - The Star Online
KUALA LUMPUR: VS Industry Bhd hit its daily lower share price limit in the first few minutes of Monday trading as its recent quarterly results missed estimates. At 9.04am, the counter plummeted 35 sen or 30% to 82 sen on the back of 9.63 million shares traded. According to PublicInvest research, The ...
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VS Industry warns of weaker profit on declining orders

14 Dec 2018 - The Star Online
KUALA LUMPUR: VS Industry Bhd warned its profit outlook for the coming quarters has weakened as its operations in Malaysia is affected by declining order flow from a key customer. Meanwhile, the group’s factories in China remained under-utilised “Given the aforementioned circumstances, the board opines ...
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Economic Report 2019: Fiscal deficit at 3.4% vs 3.7% this year

2 Nov 2018 - The Star Online
THE government forecasts its fiscal deficit to decline to 3.4% in 2019 from 3.7% this year underpinned by much higher revenue collection, especially from investment income. In the report, it said federal government revenue was expected to increase by 10.7% to RM261.81bil from RM235.45bil this year. Operating ...
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