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1.32   0.00 (0.00%)  1.32 - 1.34  3,783,700
27,383 comment(s). Last comment by DAN84 at Dec 13, 2019 12:22 PM
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mikebill
292 posts

Posted by mikebill > Mar 1, 2019 4:47 PM | Report Abuse

@jiayou Bcoz of US-China trade war?


v1vin
58 posts

Posted by v1vin > Mar 1, 2019 5:06 PM | Report Abuse

aiyo why dont close 1.10 haha


yxteo2
187 posts

Posted by yxteo2 > Mar 1, 2019 5:14 PM | Report Abuse

Those who didnt buy today really missed the boat. Stay tune on Monday news ya


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 5:35 PM | Report Abuse

yaya ..luckily i bought back 100K today..Monday to sell at 1.25..hahaha


DAN84
380 posts

Posted by DAN84 > Mar 1, 2019 5:35 PM | Report Abuse

Yeahh. Announcement out d. Signing of Master Supply Agreement between Guardian South East Asia Pte Ltd! Huat ahhh!!


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 5:36 PM | Report Abuse

盈警響號》威鋮國際(01002.HK)預警中績轉虧2,500萬人民幣 sap sap water loss...not much impact


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 1, 2019 5:39 PM | Report Abuse

VS Industry advances 9.5% to highest in 11 weeks
TheEdgeFri, Mar 01, 2019 - 1 hour ago

KUALA LUMPUR (March 1): VS Industry Bhd shares rose 9.5 percent, more than any full-day gain since Jan 10, while Malaysia's benchmark index declined.

Market Metrics

* Shares advanced to RM1.09, higher than any close since Dec 14, from RM1 in the previous session.

* Trading volume was more than double the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.5 percent, and the MSCI AC Asia Pacific Index rose 0.2 percent.

* The relative strength index on the stock was above 70, indicating it may be overbought.

Market Insights

* In the past year, the stock had a similar or greater gain once at the close.

* Shares are at a 11 percent premium to the analysts' consensus target price. The stock traded at an average 20 percent discount over the past year.

* Stock declined 54 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 8.7 percent.


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 1, 2019 5:41 PM | Report Abuse

VS
1.090
+0.095 (+9.55%)
OTHERS V.S. INDUSTRY BERHAD ("VSIB" OR THE "COMPANY") SIGNING OF MASTER SUPPLY AGREEMENT ("AGREEMENT") BETWEEN GUARDIAN SOUTH EAST ASIA PTE. LTD. ("GUARDIAN"), A WHOLLY-OWNED SUBSIDIARY OF VSIB AND BISSELL INTERNATIONAL TRADING COMPANY B.V. ("BITCBV")
V.S. INDUSTRY BERHAD

Type Announcement
Subject OTHERS
Description
V.S. INDUSTRY BERHAD ("VSIB" OR THE "COMPANY") SIGNING OF MASTER SUPPLY AGREEMENT ("AGREEMENT") BETWEEN GUARDIAN SOUTH EAST ASIA PTE. LTD. ("GUARDIAN"), A WHOLLY-OWNED SUBSIDIARY OF VSIB AND BISSELL INTERNATIONAL TRADING COMPANY B.V. ("BITCBV")
1. Introduction

The Board of Directors (“the Board”) of VSIB is pleased to announce that its wholly-owned subsidiary, Guardian has on 27 February 2019, entered into an Agreement with a new customer, BITCBV, to manufacture certain homecare products that bear the BISSELL brand (“Products”) on box-build basis.

Guardian and BITCBV is each referred to as the “Party” and collectively, the “Parties”.

2. Information on BITCBV

BITCBV is part of BISSELL, Inc., a family-owned innovative homecare solutions company based in Michigan, USA. Founded in 1876, the BISSELL brand is more than 140 years old, filled with rich history and heritage. Now in its fourth generation of family leadership, BISSELL, Inc. supplies households and businesses across the globe with a wide range of homecare products that include vacuums, sweepers, carpet-cleaning machines, steam and hard floor cleaners, cleaning formulas, as well as pet grooming and pet clean-up products.

Over the years, through continuous innovation and technological breakthrough, BISSELL is ranked one of the top-selling brands in homecare small appliances in the USA.

3. The Agreement

Guardian shall manufacture, assemble, package, label, test and exclusively sell the Products to BITCBV.

The purchase of Products from Guardian is on a non-exclusive basis, i.e. BITCBV reserves the right to engage other suppliers to provide substitutes for the Products.

The Agreement does not specify contract volumes and amounts. However, BITCBV shall on the 15th of each calendar month during the term of the Agreement, provides Guardian with an updated and revised rolling forecast containing volume estimates of Products for the following six (6) months period, and the actual contract sum shall be determined based on purchase orders placed over the duration of the Agreement.

The duration of the Agreement is for three (3) years commencing on 27 February 2019. Provided that neither Party is then in default, the Agreement shall be automatically extended in one (1) year increments after the initial term.

4. Financial Effects

The Board does not expect the Agreement to have any material impact on earnings for the current financial year ending 31 July 2019. However, the Agreement would contribute positively towards the earnings of VSIB from financial year ending 31 July 2020 onwards. The Agreement will have no effect on the issued capital of the Company.

5. Risk Factors

Risk factors affecting the Agreement include availability of skilled manpower and materials, changes in pricing, market demand volatility, competition, and foreign currency rates fluctuation. Notwithstanding the above, VSIB has a proven and established track record in undertaking electronics manufacturing services that would help mitigate such risks.

6. Approvals Required

The Agreement entered is in the ordinary course of business of VSIB. It does not require approval of the Company’s shareholders and/or any regulatory authorities.

7. Directors’ and Substantial Shareholders’ Interest

None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Agreement.

8. Directors’ Statement

Having considered all aspects of the Agreement, the Board is of the opinion that the Agreement is in the best interest of the Company.


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 5:54 PM | Report Abuse

Appreciate so much of Unclelimhuat sharing.
my personal view: The Agreement does not specify contract volumes and amounts. The purchase of Products from Guardian is on a non-exclusive basis, i.e. BITCBV reserves the right to engage other suppliers to provide substitutes for the Products.

Why not they state that their estimation is RMx billions and occupy xxx,xxx sf of production capacity etc..bigger than Dxxxx capacity. ..hahaha i know its not possible.

Monday see at TP 1.30 as told by unclelimhuat


Hotstuff
264 posts

Posted by Hotstuff > Mar 1, 2019 6:20 PM | Report Abuse

my C63 is on the way. place deposit next week!


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 6:36 PM | Report Abuse

l love you, unclelimhuat..i know your meaning...thanks...having a nice and enjoyable happy weekend


Tan Chow Giat
1 post

Posted by Tan Chow Giat > Mar 1, 2019 6:52 PM | Report Abuse

Tq Unclelimhuat


goreng_kaki
1169 posts

Posted by goreng_kaki > Mar 1, 2019 8:39 PM | Report Abuse

BISSELL?? tak pernah tengar dulu


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 8:47 PM | Report Abuse

Bissell Inc., also known as Bissell Homecare, is a privately owned vacuum cleaner and floor care product manufacturing corporation headquartered in Walker, Michigan in Greater Grand Rapids. The company is the number one manufacturer of floor care products in North America in terms of sales, with 20% marketshare. Wikipedia
Founder: Melville Reuben Bissell
Founded: 1876
Number of employees: 2,500
Headquarters: Walker, Michigan, United States
Parent organization: BISSELL Homecare, Inc.


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 8:50 PM | Report Abuse

Genre Home Care
Founded 1876; 143 years ago
Founder Melville Bissell
Headquarters Walker, Michigan
Key people
Mark J. Bissell, President
Products Vacuum cleaners and other floorcare products
Revenue $ 800 Million USA (2017)
Number of employees
2,500
Website http://www.bissell.com/


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 8:50 PM | Report Abuse

VS will get how much ?


goodiewilly
1639 posts

Posted by goodiewilly > Mar 1, 2019 8:52 PM | Report Abuse

more to come lar, unclelimhuat, right ?


Surewind
198 posts

Posted by Surewind > Mar 1, 2019 9:19 PM | Report Abuse

https://www.theedgemarkets.com/article/vs-industry-secures-contract-manufacture-bissel-home-care-products

FY20


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 1, 2019 9:29 PM | Report Abuse

VS Industry secures contract to manufacture Bissel home care products
Tan Xue Ying
/
theedgemarkets.com

March 01, 2019 21:00 pm +08


-A+A
KUALA LUMPUR (March 1): VS Industry Bhd said it has signed an agreement with US-based Bissell International Trading Co BV, to manufacture home care products under the Bissell brand name, on a box-build basis.

According to VS Industry’s exchange filing today, the master supply agreement — signed between Bissell and VS Industry’s wholly-owned unit, Guardian Southeast Asia Pte Ltd — is for a three-year period beginning Feb 27, and may be automatically extended in one-year increments thereafter.

Under the agreement, Guardian will manufacture, assemble, package, label, test, and sell the products to Bissell.

Advertisement

However, the purchase of the products from Guardian is on a non-exclusive basis, which means Bissell is free to engage other suppliers to provide product substitutes, it said.

No contract volume or amount was specified today, as Bissell will provide Guardian, on a monthly basis, the rolling forecast containing volume estimates of the products for the following six-month period.

The actual contract sum shall then be determined based on purchase orders placed over the duration of the agreement, read the filing.

“The board does not expect the agreement to have any material impact on earnings for the current financial year ending July 31, 2019 (FY19).

“However, the agreement would contribute positively towards the earnings of VS Industry from FY20 onwards,” it added.

Based in Michigan, US, Bissell is a family-owned home care solutions company founded in 1876. It is known for supplying households and businesses globally with home care products such as vacuum cleaners, carpet-cleaning machines, cleaning formulas, as well as pet grooming products.

Shares in VS Industry closed 10 sen or 9.55% higher at RM1.09 — its highest in 11 weeks — for a market capitalisation of RM1.97 billion. The counter saw a turnover of 78.29 million shares, making it the third most actively traded on the local bourse today.


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 1, 2019 9:30 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2019/03/01/vs-industry-bags-bissell-contract/


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 1, 2019 9:32 PM | Report Abuse

市场广度在收盘前转向,上升股有486只、下跌股460只,另有329只无起落。

全日共有29亿股,值23亿5000万令吉成交。

主要上升股包括威铖(V.S. Industry Bhd),而国家能源(Tenaga Nasional Bhd)和马国民再保险(MNRB Holdings Bhd)为主要下跌股。


Patrick13
1864 posts

Posted by Patrick13 > Mar 1, 2019 10:49 PM | Report Abuse

Impossible to disclose because this is P&C information. Otherwise SKP Resources come to offer more competitive pricing agreement to BITCBV,...

goodiewilly Appreciate so much of Unclelimhuat sharing.
my personal view: The Agreement does not specify contract volumes and amounts. The purchase of Products from Guardian is on a non-exclusive basis, i.e. BITCBV reserves the right to engage other suppliers to provide substitutes for the Products.

Why not they state that their estimation is RMx billions and occupy xxx,xxx sf of production capacity etc..bigger than Dxxxx capacity. ..hahaha i know its not possible.


geary
3307 posts

Posted by geary > Mar 1, 2019 11:02 PM | Report Abuse

Hahaha...One of the greatest show on planet earth just begins... hehehe...!!!


Ww1234wW
95 posts

Posted by Ww1234wW > Mar 1, 2019 11:08 PM | Report Abuse

Next week limit up?


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 1, 2019 11:16 PM | Report Abuse

wah!! limit up!! syok lo!! huat huat!!


loonginv
821 posts

Posted by loonginv > Mar 1, 2019 11:35 PM | Report Abuse

"Although prospects in second half of financial year 2019 are expected to dampen due to expectations of declining order flow from a key customer for its Malaysian segment, VSI is currently in serious talks with more than five prospective MNC customers to secure new orders that would fill up the excess capacity."

Above copy from The Edge 2 month ago, now it's first order secured, could be more good news !! Huhu kiki


elvingan
242 posts

Posted by elvingan > Mar 2, 2019 2:03 AM | Report Abuse

next week rm1.50 coming....


Money122
795 posts

Posted by Money122 > Mar 2, 2019 3:20 AM | Report Abuse

Order secured;this is reason that cause price go up!


Money122
795 posts

Posted by Money122 > Mar 2, 2019 3:23 AM | Report Abuse

Yeah, limit up! I want top up more!!


Pyh96
226 posts

Posted by Pyh96 > Mar 2, 2019 9:04 AM | Report Abuse

Sell on news...or hold


coolmo
43 posts

Posted by coolmo > Mar 2, 2019 9:31 AM | Report Abuse

buy the rumour, sell the fact.


Lappier811
121 posts

Posted by Lappier811 > Mar 2, 2019 1:45 PM | Report Abuse

Philip Morris?


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 2, 2019 2:26 PM | Report Abuse

Oops


Hotstuff
264 posts

Posted by Hotstuff > Mar 2, 2019 2:39 PM | Report Abuse

short term trader can't win big money. that's the fact


Hotstuff
264 posts

Posted by Hotstuff > Mar 2, 2019 2:45 PM | Report Abuse

I hold 200k at 0.85 average. 48k profit on paper. But I'm greedy, i am looking at TP rm2.00 to hit 230k profit.


Johnny Ting
100 posts

Posted by Johnny Ting > Mar 2, 2019 4:13 PM | Report Abuse

next monday limit up


mikebill
292 posts

Posted by mikebill > Mar 2, 2019 4:23 PM | Report Abuse

Going to be quite sometime to hit your target. 12 months? Provided if things go well.


yxteo2
187 posts

Posted by yxteo2 > Mar 2, 2019 4:30 PM | Report Abuse

Take my words Monday VS RM 1.60


amet2017
2444 posts

Posted by amet2017 > Mar 2, 2019 4:50 PM | Report Abuse

bro you are high aa? Limit up price oni RM 1.42.


slts
1716 posts

Posted by slts > Mar 2, 2019 4:50 PM | Report Abuse

mon close 1.2x , i m happy already


Simple Man
812 posts

Posted by Simple Man > Mar 2, 2019 5:20 PM | Report Abuse

strong support at 1.09. wait correction and collect more


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 2, 2019 5:31 PM | Report Abuse

Secures Bissell As New Customer*
Analyst – Soong Wei Siang

*Comments:*
• *Positive on the announcement.* We view the new win as timely with the share price weakening significantly since the guidance on lower volumes from key customer earlier on.

• We understand that this opportunity arose from the ongoing China-US trade war. With VS in negotiation with other MNCs, we believe it will stand a good chance in securing more contract wins from a trade war diversion angle especially after making a strong statement by securing high profile customer in Bissell. In addition, the win would also reduce and diversify its dependence on key customers.

• From our past conversations with management, we believe that the existing key customer will have no qualms over VS manufacturing similar products for other customers and VS would have gotten the blessing from the said key customer.

• Considering VS’s expertise in manufacturing floorcare products, we think the lead time to ramp up the new production capacity will be reasonably short.

• Details are scarce at this juncture pending a briefing on 6th March. We are making no changes to our earnings forecast, BUY recommendation and TP of MYR1.08 based on 12x FY20F P/E.

• Assuming a contract sum of MYR500m and net margin of 5%, the latest win could boost our FY20 earnings forecast by 15% and bump up our TP to MYR1.24.

Best regards,
*RHBRI*


mikebill
292 posts

Posted by mikebill > Mar 2, 2019 5:59 PM | Report Abuse

US-China trade war resulted Bissell to buy insurance to shift their existing product models out of China. Due to non-exclusivity and if Trump strikes a deal with Xi, then certain models should remain in China. VSI should demonstrate their design ability and value-add to support Bissell in long term. Existing models will only show returns in 9 months, whereas new design will roll in 9~12 months. Immediate show in share price hikes quite difficult.


mikebill
292 posts

Posted by mikebill > Mar 2, 2019 5:59 PM | Report Abuse

It is all your own judgement.


geary
3307 posts

Posted by geary > Mar 2, 2019 5:59 PM | Report Abuse

VS...Probably is well diversify of key customers...Another 4 more to go... that's how efficient they are...I think they will do a well n balanced key customers... probably around 10% sales from each customer... Altogether probably they have more than 10 key customers...that will bring good earnings growth prospects from them... around the 3td or 4th quarter...n beyond...Be Patient...Your pot of gold...will be okay...Just Hold...GL...!!!


mikebill
292 posts

Posted by mikebill > Mar 2, 2019 6:04 PM | Report Abuse

Alternatively if US-China got deal, VSI can convince Bissell to shift some of the lower end products to VS China. Whereas VS Malaysia stays focus on new design and higher end products. VS management should share their business strategy for their new JV fastest so that investors have better picture in their investments.


geary
3307 posts

Posted by geary > Mar 2, 2019 6:27 PM | Report Abuse

Ha...Businesses aren't so easy to execute...so many walls n barriers...but it is through such walls that you can't or we can't see it...those people with strong determination n foresight will try to break those barriers...where most of us failed. That's why...they can become tycoons...Tan Sri n above...So try to break those walls...n you will see quite clearly...do some yoga...n eat less meat...or eat less...you will have good concentration...Be hardworking...GL...!!!


geary
3307 posts

Posted by geary > Mar 2, 2019 6:51 PM | Report Abuse

Good Book to Read...Thank you for being Late... Friedman... Thriving in the age of accelerations...!!!


EST85
344 posts

Posted by EST85 > Mar 2, 2019 8:40 PM | Report Abuse

No need to share those news we can see in the news.
What is limit up or target price by who who who..

The only thing is... How much the contract value for the new customer? This is only the key ! Understand?


unclelimhuat
1003 posts

Posted by unclelimhuat > Mar 2, 2019 9:15 PM | Report Abuse

key? keyless? Power start button hahaha

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