KLSE: VS (6963)       V.S INDUSTRY BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.58   +0.02 (1.28%)  1.55 - 1.60  2,049,800
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Market Cap: 2,661 Million
NOSH: 1,684 Million
Avg Volume (4 weeks):5,684,311
4 Weeks Range:1.50 - 1.90
4 Weeks Price Volatility (%):
52 Weeks Range:1.50 - 3.27
52 Weeks Price Volatility (%):
Average Price Target: 2.96
Price Target Upside/Downside: +1.38

Financial Highlight

Latest Quarter | Ann. Date 31-Jan-2018 [#2]  |  28-Mar-2018
Next QR | Est. Ann. Date: 30-Apr-2018  |  13-Jun-2018
T4Q P/E | EY: 14.90  |  6.71%
T4Q DY | Payout %: 2.58%  |  38.43%
T4Q NAPS | P/NAPS: 0.7157  |  2.21
T4Q NP Margin | ROE: 4.42%  |  14.82%


Date Subject
21-Jun-2018 Daily Technical Highlights – (HANDAL, VIS)
28-May-2018 V.S. Industry - Buy on weakness
02-May-2018 威铖反弹上挑RM2.35/敏源
08-Apr-2018 EMS Peers Comparison @ 8th April 2018 VS, EG, SKPRES, JHM, PIE, INARI - oldfriendsinvesting
08-Apr-2018 VS @ 8th April 2018 - oldfriendsinvesting
05-Apr-2018 威铖 3年财测调低
04-Apr-2018 VS Industry Berhad - Growth Prospects Intact
04-Apr-2018 V.S. Industry - PE derated amid lack of immediate catalysts
31-Mar-2018 [转贴] [V.S INDUSTRY BHD,新产线投产] - James的股票投资James Share Investing
29-Mar-2018 V.S.Industry - Keurig models grind to a halt, but prospects still bright
29-Mar-2018 V.S. Industry Berhad - Margin Compression in the Near Term
29-Mar-2018 V.S. Industry Bhd - Growing At A Slower Rate
29-Mar-2018 VS Industry Berhad - Waiting For More
29-Mar-2018 Mplus Market Pulse - 29 Mar 2018
23-Mar-2018 威铖 3年财测下修
20-Mar-2018 威铖上挑RM2.80/敏源
15-Mar-2018 PublicInvest Research Headlines - 15 Mar 2018
15-Mar-2018 Mplus Market Pulse - 15 Mar 2018
14-Mar-2018 [转贴] [V.S INDUSTRY BHD,继续成长] - James的股票投资James Share Investing
10-Mar-2018 下跌股:威铖RM2.35支撑

Business Background

V S Industry Bhd is engaged manufacturing, assembling and sale of electronic and electrical products and plastic moulded components and parts. It is an integrated Electronics Manufacturing Services (EMS) provider in the region. Their manufacturing services include plastic injection mould design and fabrication, a wide range of injection tonnage and finishing processes, large-scale production of printed circuit boards, automated assembly and final processes of packaging and logistics. Geographically the company is spread across Malaysia, United States of America, Europe, Indonesia and People’s Republic of China. Maximum revenue of the company is generated from Malaysia.
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  20 people like this.
geary KLCI could slip below 1,700-level as trade war fears escalate | http://www.klsescreener.com/v2/news/view/394215
20/06/2018 08:15
5858 Q3/Q4 results no good too.
20/06/2018 08:32
SuperPanda 1HFY18 keurig and dyson still low vol. 2H prod normally will ramp up 1-2 mnth b4 xmas. This is for MY. Indon/china no idea.

So only can see futher growth in Q1FY19 onwards. If you not stuck here better put somewhere else.
20/06/2018 09:07
geary Trump's Rhetoric trade war...fell lower than April 4...bought on Weakness... hahaha...!!!...n...
Will Sell on Strength...no point talk east n west...wasting time... hehehe...!!!
20/06/2018 09:20
SuperPanda If you just in, current price is the price for mid FY17 which is very attractive.

VS customer based very solid. Its just a matter of product turn around (old model out new model in) to catch up market and boost sales.

Coffee maker is competitive product in us and dyson vacuum always challenge by hoover and others. To remain at top, they hve to diversify to health and hygiene product which can be seen in market later.

Going from cable to cordless also will benefit vs for its batt pack and pcba. Cables are outsource frm 3rd party.

I always like vs and dont think fund will continue dumping and ignore for rest of year. At certain point they hve to buy bck for its value.
20/06/2018 09:36
geary Good morning n Good analysis. TQ.
20/06/2018 09:38
SuperPanda Pls wait qtr out only buy. I expect another downside but cant tell how low it can go.
20/06/2018 09:40
geary Jack Ma was inspired to create Alibaba by Malaysia's Prime Minister Mahathir Mohamad | http://www.klsescreener.com/v2/news/view/394503
20/06/2018 16:16
geary Trump's tariffs could deliver a sizable hit to China's economy | http://www.klsescreener.com/v2/news/view/394519
20/06/2018 16:40
geary Faux Pas...!!!
20/06/2018 17:06
akupolitikkk Last time babi here said will down very low. Now macam he true. Just wonder where babi
20/06/2018 17:31
coldinvestor 股价崩盘的日子近了!
21/06/2018 11:02
freddiehero wakaka..
21/06/2018 11:10
freddiehero next 1650
21/06/2018 11:10
tsaihoo Going south! ! Vs-wa below 0.30...by today
21/06/2018 11:39
coldinvestor 下星期RM1.25 再见!
21/06/2018 12:10
Skykiller is time for me to top up.
21/06/2018 12:26
newrookie Can top up little bit at WA but will all in when its down to 24.5 cents
21/06/2018 13:13
tsaihoo Coming soon...0.28 VS -wa. ..can buy???
21/06/2018 14:52
newrookie tsaihoo.. Can but just today if rebound... I believe it can be lower than that..
21/06/2018 14:58
Fergus Chong So many people waiting vs down, how to go lower? U guys should not wait here, wait for your target price
21/06/2018 20:37
stockmann Good chance but not now, wait for 1 more quarter.
21/06/2018 21:11
DearFion$$$ i just bought 80 lots at 1.70, seem like bought at wrong timing. The QR delayed and seem to me pretty bad QR, the price keep on dropping may due to huge number of warrant conversion to mother share for past few weeks
21/06/2018 23:43
Kc54 It will drop further ....
22/06/2018 09:51
tsaihoo It seem all fund manager forecast....qtr result will drastically drop. ...waiting drop till 1.35..
22/06/2018 09:57
geary Ha...Added...plus free shares...<@1.50...80K shares...!!!
22/06/2018 11:16
newrookie Mother green but son still red. Do not understand..
22/06/2018 11:44
miker Sellers outnumber buyers, at the end of the day, mother will be red :)
22/06/2018 11:51
coldinvestor You will lose 50% of your capital next week if you buy WA at 0.290-0.300 now.
22/06/2018 12:02
micsoh Pls share ,coldinvestor.
22/06/2018 12:45
5858 banker chip already quit since March 2018... majority are retailer and small funds locking... avoid..QR once release...I think another round big drop
22/06/2018 13:31
moneyface25 why wa unable to buy now? expiry on jan'19 rite
22/06/2018 14:45
micsoh Yesterday when mother share drop until rm1.53, I was wait at 22 Sen, but it lower only 28Sen only.
22/06/2018 16:50
micsoh I think mostly is due to us tariff issue, vs got business in China.
22/06/2018 16:52
22/06/2018 17:52
22/06/2018 18:03
atameiban price oledi factor in weak qtr result next week.
22/06/2018 19:49
coldinvestor PAT about 20-25mil
22/06/2018 20:13
oranje buy will return to rm 1.9
22/06/2018 22:10
SuperPanda Loss in weak market is normal. EPF also losing big. Nothing to worry. As long as you hve capital to invest, weak market gives you opportunity to buy good stock at bargain price.

Those said im at loss sold 90% of my wa at 50c-60c will hve to rethink the strategy. Is it bad? Of course not.

I loss here 20K after sold but new entry and upside onwards will gives me chance to recover capital.

The selling provides me 40K cash to buy wa again. I will only enter after rpt out. Plan to buy at 25c-26c for 1.5K lot on panic selling. It might lower than that depends on how market react at opening.

The rpt should be out already but i believe mgmt has delay it next week when klci rebound. Publish weak rpt in weak mrket is disaster.

Some said dont buy wa bcoz it will expires early jan. Of course warrant will be less attractive when near expire but as long as cmpny doing well, you jst need to exercise it. Only problem that hve to pay 1.32 and fees which only a problem to those without capital which is not a problem to me.

And if i really can get 25c price, with rsi is oversold below 30%, anytime within few weeks or 1-2 months it can be at 50% rsi and price should be near to 35c.

With 1.5k lots, every 1c up will gain 1.5K. If i can recover 10c within 3 mnths, that good enough. I can sell 2/3 and exercise the bal will less capital.
23/06/2018 02:00
23/06/2018 10:19
Johnson Wong sharing is caring =)
23/06/2018 11:07
geary Ha...Those who Never lost in the Stock Market... aren't Not qualify as professional Investor or trader. Many established funds n hedge funds will never employ a person who didn't lose money Investing or trading. No discrimination please...respect others...n others will respect you. Be Humble... whether you Win or Lose...at the end of the day...you still all your clothing On...TQ.
23/06/2018 19:13
Ray Mond coldinvestor, from your opinion this vs long term good?
23/06/2018 22:26
Yu_and_Mee VS good time already into history
23/06/2018 22:30
bennyloke i see VS keep hiring people, anyone can comment? High turnover? Ramping capacity?
23/06/2018 22:56
Tong1907 Believe me ,dont buy wa -that will reborn ,buy vs ok
24/06/2018 00:51
geary Don't worry be happy...I take Germany...Won...hehehe...!!!
24/06/2018 10:11
joetay12 .....
24/06/2018 10:12
Skykiller We reiterate BUY on V.S. Industry (VSI) and raise our bonus-adjusted fair value from RM2.00/share to RM2.15/share. Our fair value is pegged to 15x CY19F FD EPS of 14.3 sen (rolled forward from FY19F). Our forecasts are unchanged.
VSI share price, besieged by several negative events recently, has fallen over 20% from the peak. Recall that the commissioning of an assembly line for a lifestyle product was delayed from Nov 2017 to May 2018. Not helping either were the introduction of foreign workers levy and the earlier-than-expected discontinuation of 2 Keurig models. However, we believe these are merely temporary hiccups.
Despite recent headwinds, VSI is set to record sturdy earnings growth of 23% in FY19, underpinned by:
1) Production of 4 new Keurig models. VSI is expected to commence the production of 4 Keurig models, one each in May 2018, Aug 2018, Mar 2019 and Apr 2019. These would make up for the discontinuation of 2 models in 2QFY18.

2) Production of a lifestyle product and bid for two additional lines. The group plans to start the production of a lifestyle product in May 2018 and bid for two additional lines from its key customer. If awarded, the additional lines are expected to be commissioned in Oct 2018.

3) Adopting automation in manufacturing processes. VSI plans to automate 30% of its manufacturing processes in Malaysia. For a start, the group is installing >20 units of robotic equipment that facilitate the plastic injection and spraying processes. Management has indicated that one unit is expected to save 2–3 workers, who are being paid circa RM3,000 per month. Assuming a 10% depreciation rate, we estimate that 25 units of the equipment can bring about net savings of up to RM2.5mil per year.

All-in, we believe the recent selldown offers opportunities for investors to bank on VSI’s continued positive trajectory. We continue to like VSI due to: 1) its association with a key customer, who plans a slate of new product launches over the next few years; 2) its ability to offer turnkey electronic manufacturing services (EMS) solutions being a vertically integrated player; and 3) its handsome growth prospects from FY18F-FY20F, underpinned by sustainable capacity expansions.
Source: AmInvest Research - 28 May 2018
24/06/2018 16:44


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