Highlights
KLSE: VS (6963)       V.S INDUSTRY BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.98   -0.005 (0.51%)  0.975 - 0.995  13,872,200
Analyze this stock with MQ Trader system

Financials


Market Cap: 1,780 Million

Market Cap 1,780 Million
NOSH 1,816 Million

Latest Audited Result:  31-Jul-2017

Latest Audited Result: 31-Jul-2017
Announcement Date 29-Nov-2017
Next Audited Result: 31-Jul-2018
Est. Ann. Date: 29-Nov-2018
Est. Ann. Due Date: 27-Jan-2019

Latest Quarter:  31-Oct-2018 [#1]

Latest Quarter: 31-Oct-2018 [#1]
Announcement Date 14-Dec-2018
Next Quarter: 31-Jan-2019
Est. Ann. Date: 28-Mar-2019
Est. Ann. Due Date: 01-Apr-2019
QoQ | YoY   3.56%  |    -13.44%

Annual (Unaudited) ( EPS: 8.30, P/E: 11.80 )

Revenue | NP to SH 4,089,191  |  150,766
RPS | P/RPS 225.16 Cent  |  0.44
EPS | P/E | EY 8.30 Cent  |  11.80  |  8.47%
DPS | DY | Payout % 4.35 Cent  |  4.44%  |  52.40%
NAPS | P/NAPS 0.78  |  1.26
YoY   -3.55%
NP Margin | ROE 3.38%  |  10.68%
F.Y. | Ann. Date 31-Jul-2018  |  25-Sep-2018

T4Q Result ( EPS: 7.96, P/E: 12.31 )

Revenue | NP to SH 4,079,661  |  144,585
RPS | P/RPS 224.64 Cent  |  0.44
EPS | P/E | EY 7.96 Cent  |  12.31  |  8.12%
DPS | DY | Payout % 2.92 Cent  |  2.98%  |  36.73%
NAPS | P/NAPS 0.79  |  1.23
QoQ | YoY   -4.10%  |    -14.35%
NP Margin | ROE 3.18%  |  10.03%
F.Y. | Ann. Date 31-Oct-2018  |  14-Dec-2018

Annualized Result ( EPS: 8.77, P/E: 11.18 )

Revenue | NP to SH 4,302,468  |  159,240
RPS | P/RPS 236.91 Cent  |  0.41
EPS | P/E | EY 8.77 Cent  |  11.18  |  8.95%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   5.62%  |    -13.44%
NP Margin | ROE 2.66%  |  11.05%
F.Y. | Ann. Date 31-Oct-2018  |  14-Dec-2018


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Jul-2019 14-Dec-2018 31-Oct-2018 1 1,075,617 45,318 28,602 39,810 17,159 1,441,396 43.10% 2.66% 2.76% 1,715,948 62.68 59.23 2.32 2.19 1.00 0.94 0.8400 0.79   3.56%   -13.44% 31-Oct-2018 1.60 2.55 68.97 1.90 1.45% 0.62% 14-Dec-2018 1.17 1.87 50.43 1.39 1.98% 0.85%
31-Jul-2018 25-Sep-2018 31-Jul-2018 4 1,010,936 25,048 23,781 38,441 10,085 1,411,976 26.24% 2.35% 2.72% 1,680,924 60.14 55.67 2.29 2.12 0.60 0.56 0.8400 0.78   82.57%   4.44% 31-Jul-2018 1.68 2.79 73.46 2.00 1.36% 0.36% 25-Sep-2018 1.62 2.69 70.84 1.93 1.41% 0.37%
31-Jul-2018 28-Jun-2018 30-Apr-2018 3 879,811 28,398 21,640 21,055 6,629 1,246,345 31.49% 2.46% 1.69% 1,325,900 66.36 48.45 1.59 1.16 0.50 0.37 0.9400 0.69   -53.50%   -58.31% 30-Apr-2018 2.25 3.39 141.69 2.39 0.71% 0.22% 28-Jun-2018 1.42 2.14 89.42 1.51 1.12% 0.35%
31-Jul-2018 28-Mar-2018 31-Jan-2018 2 1,113,297 68,515 55,664 45,279 19,232 1,205,245 42.48% 5.00% 3.76% 1,282,176 86.83 61.30 3.53 2.49 1.50 1.06 0.9400 0.66   -1.55%   27.52% 30-Jan-2018 3.05 3.51 86.37 3.24 1.16% 0.49% 28-Mar-2018 2.52 2.90 71.36 2.68 1.40% 0.60%
31-Jul-2018 14-Dec-2017 31-Oct-2017 1 1,085,147 54,406 37,149 45,991 19,654 1,205,462 42.74% 3.42% 3.82% 1,310,284 82.82 59.75 3.51 2.53 1.50 1.08 0.9200 0.66   24.96%   37.25% 31-Oct-2017 3.08 3.72 87.75 3.35 1.14% 0.49% 14-Dec-2017 3.10 3.74 88.32 3.37 1.13% 0.48%
31-Jul-2017 27-Sep-2017 31-Jul-2017 4 983,386 47,822 35,599 36,806 11,950 1,051,600 32.47% 3.62% 3.50% 1,195,000 82.29 54.15 3.08 2.03 1.00 0.66 0.8800 0.58   -27.12%   236.31% 31-Jul-2017 2.20 2.67 71.43 2.50 1.40% 0.45% 27-Sep-2017 2.53 3.07 82.14 2.88 1.22% 0.40%
31-Jul-2017 13-Jun-2017 30-Apr-2017 3 854,108 69,801 50,008 50,499 17,781 1,019,463 35.21% 5.85% 4.95% 1,185,422 72.05 47.03 4.26 2.78 1.50 0.98 0.8600 0.56   42.23%   161.56% 28-Apr-2017 2.00 2.78 46.95 2.33 2.13% 0.75% 13-Jun-2017 2.03 2.82 47.65 2.36 2.10% 0.74%
31-Jul-2017 28-Mar-2017 31-Jan-2017 2 763,838 60,557 41,976 35,506 14,108 987,584 39.74% 5.50% 3.60% 1,175,695 64.97 42.06 3.02 1.96 1.20 0.78 0.8400 0.54   5.96%   29.11% 31-Jan-2017 1.50 2.31 49.67 1.79 2.01% 0.80% 28-Mar-2017 1.74 2.68 57.62 2.07 1.74% 0.69%
31-Jul-2017 23-Dec-2016 31-Oct-2016 1 680,018 45,493 30,234 33,508 14,059 913,854 41.96% 4.45% 3.67% 1,171,608 58.04 37.44 2.86 1.85 1.20 0.77 0.7800 0.50   206.18%   -44.32% 31-Oct-2016 1.42 2.45 49.65 1.82 2.01% 0.85% 23-Dec-2016 1.38 2.38 48.25 1.77 2.07% 0.87%
31-Jul-2016 28-Sep-2016 31-Jul-2016 4 554,204 8,857 -321 10,944 9,314 873,191 85.11% -0.06% 1.25% 1,164,255 47.60 30.52 0.94 0.60 0.80 0.51 0.7500 0.48   -43.32%   -79.23% 29-Jul-2016 1.32 2.77 140.43 1.76 0.71% 0.61% 28-Sep-2016 1.34 2.82 142.55 1.79 0.70% 0.60%
31-Jul-2016 29-Jun-2016 30-Apr-2016 3 507,844 22,338 17,761 19,307 9,304 860,673 48.19% 3.50% 2.24% 1,163,072 43.66 27.96 1.66 1.06 0.80 0.51 0.7400 0.47   -29.79%   -27.19% 29-Apr-2016 1.21 2.77 72.89 1.64 1.37% 0.66% 29-Jun-2016 1.19 2.73 71.69 1.61 1.39% 0.67%
31-Jul-2016 28-Mar-2016 31-Jan-2016 2 501,113 35,811 28,124 27,500 9,282 858,649 33.76% 5.61% 3.20% 1,160,337 43.19 27.59 2.37 1.51 0.80 0.51 0.7400 0.47   -54.30%   50.31% 29-Jan-2016 1.34 3.10 56.54 1.81 1.77% 0.60% 28-Mar-2016 1.26 2.92 53.16 1.70 1.88% 0.63%
31-Jul-2016 15-Dec-2015 31-Oct-2015 1 612,465 74,860 58,674 60,177 17,292 853,083 28.74% 9.58% 7.05% 1,152,816 53.13 33.72 5.22 3.31 1.50 0.95 0.7400 0.47   14.18%   70.84% 30-Oct-2015 1.55 2.92 29.69 2.09 3.37% 0.97% 15-Dec-2015 1.57 2.96 30.08 2.12 3.32% 0.96%
31-Jul-2015 29-Sep-2015 31-Jul-2015 4 506,843 57,073 50,189 52,703 26,406 748,170 50.10% 9.90% 7.04% 1,100,250 46.07 27.91 4.79 2.90 2.40 1.45 0.6800 0.41   98.76%   44.40% 31-Jul-2015 6.35 13.78 132.57 9.34 0.75% 0.38% 29-Sep-2015 1.47 3.19 30.69 2.16 3.26% 1.63%
31-Jul-2015 23-Jun-2015 30-Apr-2015 3 420,100 34,456 23,864 26,516 12,342 633,586 46.55% 5.68% 4.19% 205,709 204.22 23.13 12.89 1.46 6.00 0.68 3.0800 0.35   44.93%   595.05% 30-Apr-2015 3.94 1.93 30.57 1.28 3.27% 1.52% 23-Jun-2015 4.49 2.20 34.83 1.46 2.87% 1.34%
31-Jul-2015 26-Mar-2015 31-Jan-2015 2 465,384 25,456 17,174 18,296 6,051 609,194 33.08% 3.69% 3.00% 201,719 230.71 25.63 9.07 1.01 3.00 0.33 3.0200 0.34   -48.06%   386.85% 30-Jan-2015 3.60 1.56 39.69 1.19 2.52% 0.83% 26-Mar-2015 4.41 1.91 48.62 1.46 2.06% 0.68%
31-Jul-2015 17-Dec-2014 31-Oct-2014 1 544,558 42,701 34,238 35,224 5,890 575,286 16.72% 6.29% 6.12% 196,343 277.35 29.99 17.94 1.94 3.00 0.32 2.9300 0.32   -3.49%   268.37% 31-Oct-2014 2.48 0.89 13.82 0.85 7.23% 1.21% 17-Dec-2014 2.17 0.78 12.10 0.74 8.27% 1.38%
31-Jul-2014 30-Sep-2014 31-Jul-2014 4 534,453 21,252 34,377 36,498 2,555 365,047 7.00% 6.43% 10.00% 182,523 292.81 29.43 4.00 2.01 1.40 0.14 2.0000 0.20   856.70%   0.91% 31-Jul-2014 1.99 0.68 9.95 1.00 10.05% 0.70% 30-Sep-2014 2.59 0.88 12.95 1.30 7.72% 0.54%
31-Jul-2014 25-Jun-2014 30-Apr-2014 3 375,996 4,137 1,172 3,815 4,520 484,559 118.48% 0.31% 0.79% 180,805 207.96 20.70 2.11 0.21 2.50 0.25 2.6800 0.27   1.52%   9,939.47% 30-Apr-2014 1.62 0.78 76.78 0.60 1.30% 1.54% 25-Jun-2014 1.60 0.77 75.83 0.60 1.32% 1.56%
31-Jul-2014 26-Mar-2014 31-Jan-2014 2 367,370 6,424 3,653 3,758 - 491,989 - % 0.99% 0.76% 181,545 202.36 20.23 2.07 0.21 0.00 0.00 2.7100 0.27   -60.70%   9,295.00% 30-Jan-2014 1.44 0.71 69.57 0.53 1.44% 0.00% 26-Mar-2014 1.49 0.74 71.98 0.55 1.39% 0.00%
31-Jul-2014 31-Dec-2013 31-Oct-2013 1 437,263 10,180 7,468 9,562 3,984 479,910 41.67% 1.71% 1.99% 181,098 241.45 24.08 5.28 0.53 2.20 0.22 2.6500 0.26   -73.56%   24.78% 31-Oct-2013 1.35 0.56 25.57 0.51 3.91% 1.63% 31-Dec-2013 1.40 0.58 26.52 0.53 3.77% 1.57%
31-Jul-2013 27-Sep-2013 31-Jul-2013 4 359,780 38,809 32,898 36,169 54 480,199 0.15% 9.14% 7.53% 181,207 198.55 19.81 19.96 1.99 0.03 0.00 2.6500 0.26   95,081.58%   325.27% 31-Jul-2013 1.25 0.63 6.26 0.47 15.97% 0.02% 27-Sep-2013 1.25 0.63 6.26 0.47 15.97% 0.02%
31-Jul-2013 25-Jun-2013 30-Apr-2013 3 242,349 -121 -315 38 - 421,800 - % -0.13% 0.01% 190,000 127.55 13.34 0.02 0.00 0.00 0.00 2.2200 0.23   -5.00%   -99.64% 30-Apr-2013 1.29 1.01 6,450.00 0.58 0.02% 0.00% 25-Jun-2013 1.28 1.00 6,400.00 0.58 0.02% 0.00%
31-Jul-2013 26-Mar-2013 31-Jan-2013 2 233,943 294 -403 40 - 446,000 - % -0.17% 0.01% 200,000 116.97 12.88 0.02 0.00 0.00 0.00 2.2300 0.25   -99.48%   -99.40% 31-Jan-2013 1.38 1.18 6,900.00 0.62 0.01% 0.00% 26-Mar-2013 1.39 1.19 6,950.00 0.62 0.01% 0.00%
31-Jul-2013 27-Dec-2012 31-Oct-2012 1 327,839 10,465 7,787 7,663 3,623 402,171 47.28% 2.38% 1.91% 181,158 180.97 18.05 4.23 0.42 2.00 0.20 2.2200 0.22   -9.90%   -33.88% 31-Oct-2012 1.50 0.83 35.46 0.68 2.82% 1.33% 27-Dec-2012 1.45 0.80 34.28 0.65 2.92% 1.38%
31-Jul-2012 27-Sep-2012 31-Jul-2012 4 366,888 11,613 8,212 8,505 108 362,383 1.28% 2.24% 2.35% 181,191 202.49 20.20 4.69 0.47 0.06 0.01 2.0000 0.20   -20.16%   315.04% 31-Jul-2012 1.59 0.79 33.87 0.80 2.95% 0.04% 27-Sep-2012 1.49 0.74 31.74 0.75 3.15% 0.04%
31-Jul-2012 27-Jun-2012 30-Apr-2012 3 286,897 15,221 10,356 10,653 3,623 402,205 34.01% 3.61% 2.65% 181,173 158.35 15.80 5.88 0.59 2.00 0.20 2.2200 0.22   60.39%   24.42% 30-Apr-2012 1.59 1.00 27.04 0.72 3.70% 1.26% 27-Jun-2012 1.58 1.00 26.87 0.71 3.72% 1.27%
31-Jul-2012 29-Mar-2012 31-Jan-2012 2 265,769 9,027 6,520 6,642 3,629 393,801 54.64% 2.45% 1.69% 181,475 146.45 14.63 3.66 0.37 2.00 0.20 2.1700 0.22   -42.69%   -34.24% 31-Jan-2012 1.59 1.09 43.44 0.73 2.30% 1.26% 29-Mar-2012 1.55 1.06 42.35 0.71 2.36% 1.29%
31-Jul-2012 30-Dec-2011 31-Oct-2011 1 282,438 12,930 10,560 11,590 9,068 395,402 78.25% 3.74% 2.93% 181,377 155.72 15.55 6.39 0.64 5.00 0.50 2.1800 0.22   393.05%   -10.94% 31-Oct-2011 1.36 0.87 21.28 0.62 4.70% 3.68% 30-Dec-2011 1.57 1.01 24.57 0.72 4.07% 3.18%
31-Jul-2011 29-Sep-2011 31-Jul-2011 4 261,859 5,970 -10,710 -3,955 5,442 388,243 - % -4.09% -1.02% 181,422 144.34 14.42 -2.18 -0.22 3.00 0.30 2.1400 0.21   -146.19%   -142.59% 29-Jul-2011 1.55 1.07 -71.10 0.72 -1.41% 1.94% 29-Sep-2011 1.31 0.91 -60.09 0.61 -1.66% 2.29%
31-Jul-2011 27-Jun-2011 30-Apr-2011 3 262,052 13,144 9,312 8,562 2,720 397,262 31.78% 3.55% 2.16% 181,398 144.46 14.43 4.72 0.47 1.50 0.15 2.1900 0.22   -15.23%   31.54% 29-Apr-2011 1.90 1.32 40.25 0.87 2.48% 0.79% 27-Jun-2011 1.66 1.15 35.17 0.76 2.84% 0.90%
31-Jul-2011 31-Mar-2011 31-Jan-2011 2 255,513 14,121 9,734 10,100 4,508 387,767 44.64% 3.81% 2.60% 180,357 141.67 14.07 5.60 0.56 2.50 0.25 2.1500 0.21   -22.39%   127.73% 31-Jan-2011 1.91 1.35 34.11 0.89 2.93% 1.31% 31-Mar-2011 1.96 1.38 35.00 0.91 2.86% 1.28%
31-Jul-2011 29-Dec-2010 31-Oct-2010 1 247,394 18,128 13,100 13,014 3,580 386,660 27.51% 5.30% 3.37% 179,009 138.20 13.62 7.27 0.72 2.00 0.20 2.1600 0.21   40.13%   220.62% 29-Oct-2010 1.60 1.16 22.01 0.74 4.54% 1.25% 29-Dec-2010 2.12 1.53 29.16 0.98 3.43% 0.94%
31-Jul-2010 29-Sep-2010 31-Jul-2010 4 249,513 11,505 8,464 9,287 8,964 374,707 96.53% 3.39% 2.48% 179,285 139.17 13.74 5.18 0.51 5.00 0.49 2.0900 0.21   42.68%   776.40% 30-Jul-2010 1.22 0.88 23.55 0.58 4.25% 4.10% 29-Sep-2010 1.42 1.02 27.41 0.68 3.65% 3.52%
31-Jul-2010 29-Jun-2010 30-Apr-2010 3 192,716 10,763 6,347 6,509 - 362,208 - % 3.29% 1.80% 179,311 107.48 10.61 3.63 0.36 0.00 0.00 2.0200 0.20   46.76%   253.33% 30-Apr-2010 1.30 1.21 35.81 0.64 2.79% 0.00% 29-Jun-2010 1.20 1.12 33.06 0.59 3.02% 0.00%
31-Jul-2010 30-Mar-2010 31-Jan-2010 2 181,109 7,066 4,448 4,435 2,693 366,291 60.73% 2.46% 1.21% 179,554 100.87 9.97 2.47 0.24 1.50 0.15 2.0400 0.20   9.26%   92.83% 29-Jan-2010 1.23 1.22 49.80 0.60 2.01% 1.22% 30-Mar-2010 1.31 1.30 53.04 0.64 1.89% 1.15%
31-Jul-2010 31-Dec-2009 31-Oct-2009 1 176,832 7,485 4,272 4,059 - 359,203 - % 2.42% 1.13% 179,601 98.46 9.74 2.26 0.22 0.00 0.00 2.0000 0.20   395.63%   -52.48% 30-Oct-2009 1.23 1.25 54.42 0.62 1.84% 0.00% 31-Dec-2009 1.28 1.30 56.64 0.64 1.77% 0.00%
31-Jul-2009 29-Sep-2009 31-Jul-2009 4 171,680 1,103 -1,375 -1,373 2,318 356,623 - % -0.80% -0.39% 178,311 96.28 9.45 -0.77 -0.08 1.30 0.13 2.0000 0.20   67.66%   -112.10% 31-Jul-2009 1.38 1.43 -179.22 0.69 -0.56% 0.94% 29-Sep-2009 1.22 1.27 -158.44 0.61 -0.63% 1.07%
31-Jul-2009 30-Jun-2009 30-Apr-2009 3 170,804 -3,788 -4,019 -4,245 - 356,436 - % -2.35% -1.19% 179,113 95.36 9.41 -2.37 -0.23 0.00 0.00 1.9900 0.20   -284.57%   -143.40% 30-Apr-2009 1.09 1.14 -45.99 0.55 -2.17% 0.00% 30-Jun-2009 1.27 1.33 -53.59 0.64 -1.87% 0.00%
31-Jul-2009 31-Mar-2009 31-Jan-2009 2 194,785 4,133 1,246 2,300 - 361,171 - % 0.64% 0.64% 179,687 108.40 10.73 1.28 0.13 0.00 0.00 2.0100 0.20   -73.07%   -89.15% 30-Jan-2009 1.23 1.13 96.09 0.61 1.04% 0.00% 31-Mar-2009 1.01 0.93 78.91 0.50 1.27% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  24 people like this.
 
unclelimhuat big shark big kaki staff like dropping~ they aim to buy back at 0.92~0.95
15/03/2019 13:41
unclelimhuat as per plan as per strategy
15/03/2019 13:41
digi_three aiyoo cannot trust this man anymore lorr aiyoo full of craps one aiyoo ...
15/03/2019 14:04
itstime LOL. Don't trust anyone, if he can trust, sand can eat I tell you.
If you trust him, you really eat sand in the end. haha
15/03/2019 14:16
Flyinghorse Going down.....
15/03/2019 14:29
unclelimhuat as per plan as per strategy
15/03/2019 14:35
unclelimhuat stay tuned!
15/03/2019 14:35
unclelimhuat big kaki will press down to 0.92
15/03/2019 14:36
15/03/2019 14:36
itstime unclelimhuat, ask those big kaki kasi 0.500, so we can collect together.
15/03/2019 14:40
Figo Lee Shaking off weak holders only, tp 1.20 no problem ;)
15/03/2019 14:49
Nicholas Jin When QR coming ?
15/03/2019 15:13
Flyinghorse Think holland liao ....hahaha
15/03/2019 15:54
zakiazre4 Haha
15/03/2019 17:39
whalehere uncle quietly collecting without you knowing LOL
15/03/2019 18:09
Jacky Loh https://www.facebook.com/TheSnowball3354/photos/a.2305834023030526/2308761759404419/?type=3&theater
15/03/2019 18:15
Jacky Loh 威城(V.S. Industry (VS,6963))

大众投资银行研究(PublicInvest Research)在3月6日出席可公司举行的简报会,提供关于它与一个新客户Bissell International Trading Co BV最近签订合约的更多消息。在合约下,公司将以成品组装形式(box-build)制造BISSELL品牌的一些家电产品。

大众表示,该合约的年度估计价值可能比其预期(5亿令吉)来得高,因此可能把未来盈利拉高。

不过,大众指出,公司管理层并没有提及既有大客户未来订单的能见度,尤其一张涉及全套电子制造服务(成品组装、印制线路板及电池组块)的重要订单。因此,市场对公司赢得新客户的好消息反应冷淡,公司股价在一夜之间走下坡。

尽管如此,大众把其FY20及FY21业绩预估平均提高20%,以反映公司赢得新合约。大众也把目标价从之前的0.97令吉调高至1.10令吉,即相等于15倍FY20每股盈利预估。基于公司可能进一步赢得更多合约,大众维持其对这只股的‘短期买入’评级。
http://cj.sharesinv.com/20190314/64241/
15/03/2019 18:20
Harold Huong VS very consistent
16/03/2019 12:27
whalehere Highlights
V.S. Industry Bhd (VSI) has inked a three-year master supply agreement with Bissell International Trading Company B.V. to manufacture certain homecare products on a box-build basis. The contract also comes with an option to extend the deal in one year increments after the initial term.
Bissell is a well-known family-owned homecare solutions provider based in Michigan, U.S., which was established in 1876. Ranked as one of the leading brands in the homecare small appliances category, its homecare product portfolio include vacuums, sweepers, carpet-cleaning machines, steam and hard floor cleaners, pet cleaning products as well as cleaning formulas. Bissell’s products are also sold in various countries including North and South America, Europe, Middle East, Taiwan, Japan and China. Its manufacturing facilities, meanwhile, are located in Mexico and China.
As the first turnkey EMS supplier to Bissell in Southeast Asia, VSI is responsible for the manufacturing, assembly, packaging, labelling and testing of the products before it is exported to the latter in the U.S.
Although there is no fixed contract value, Bissell is expected to provide a rolling forecast containing the volume estimates (for about six-to-twelve months’ forward) to VSI. Subsequently, the actual contract sum will be determined based on a per order basis.
Prospects
As promised, the group has announced the entry of a new customer in the form of Bissell – a well-known homecare products manufacturer in the U.S. At the current juncture, turnover from Bissell is forecast at RM150.0 mln and RM700.0 mln in 2019 and 2020 respectively. The increased revenue is expected to cushion the lower revenue contribution from an existing customer amid weaker demand for selected home cleaning devices. Going forward, we are positive that VSI will receive more orders from Bissell to eventually reach RM1.0 bln in orders by 2021. Bottomline margins could also see improvements due to VSI‘s flexibility of as a turnkey supplier in sourcing more competitively-priced raw materials.

Over the near-term, however, we expect a weaker FY19, dragged down by high restructuring costs as the group restructures its business amid the significant slowdown in China and loss of orders from key customers.

VSIG (VSI’s China subsidiary) has issued a profit warning of a preliminary net loss up to RMB25.0 mln in 1HFY19 (vs. net profit RMB5.0 mln in 1HFY18). The solemn performance were mainly attributed to the significant drop in orders by about RMB160.0 mln and the deconsolidation of results from a disposed subsidiary in China, in-tandem with the disposal of the latter in December 2017.

However, not all is gloomy for the group as we foresee a gradual recovery from FY20 onwards, on the back of higher orders from existing and new customers looking to diversify their operations away from China due to inflated cost.

Valuation and Recommendation
We left our FY19 and FY20 forecast largely unchanged after taking into account weaker performance from China and increased orders from new (i.e.: Bissell) and existing customers to arrive at a net profit of RM135.9 mln (-2.0%) and RM161.7 mln (-0.4%) respectively, while revenue is expected to be at RM3.88 bln (+5.8%) and RM3.85 bln (- 2.5%) in FY19 and FY20 respectively.

WE REITERATE OUR BUY CALL FOR VSI WITH AN UNCHANGED TARGET PRICE OF RM1.20 BY ASCRIBING TO A UNCHANGED TARGET PER OF 16.0X TO ITS REVISED FY19 EPS OF 7.5 SEN, AS WE REMAIN SANGUINE ON VSI’S LONG-TERM GROWTH OUTLOOK, DESPITE THE MINOR STUMBLE LAST YEAR DUE TO THE UNEXPECTED LOSS OF ORDERS FROM A KEY ASSEMBLY CUSTOMER AS ITS PRODUCTS REACHED ITS PRODUCT CYCLE MATURITY.

THE TARGET PER REMAINS AT A PREMIUM TO ITS CLOSEST COMPETITOR, SKP RESOURCES BHD, MAINLY ON THE GROUP’S LEADING POSITION IN MALAYSIA’S EMS INDUSTRY THAT IS STRENGTHENED BY ITS WIDE ARRAY OF SUPPLY CHAIN SERVICES AND SOLID EARNINGS TRACK-RECORD.

Source: Mplus Research - 7 Mar 2019
16/03/2019 16:53
goodiewilly Next week another push UP ? Or, as per unclelimhuat NOW says, stay tune, push down to 92?? No intraday, no contra, bought and leave there till 1.20..wont be too long, just be patient
16/03/2019 20:18
Surewind Better to wait for results to buy in, results will be out in less than 2 weeks.
If results not that good, can buy for cheap. Since expected to have good FY20.
If results is good, can buy also. Means lost of existing customer not as bad as expected and you get a better picture.
16/03/2019 20:33
goodiewilly Hehehe..my entry was 80-85, please dont fall to that level as no more fund to buy extra
16/03/2019 21:07
Investor 999 (吉隆坡15日讯)威城(VS,6963,主板工业产品服务组)日前获得Bissell颁予新订单合约,实是改变公司未来业务新发展,分析员普遍调高其财测之余,却顾虑其股价已反映此项利好,决定维持评级不变。
17/03/2019 12:40
Investor 999 PAT to be announced on 27th March drops more than 20% compared to 2nd quarter FY2018 . Don't say i have never informed you early !
17/03/2019 12:41
amet2017 Good. Already screenshot. Whoever is free can report this statement for leaking company's information.
17/03/2019 13:05
spectre007 Bro 999 sekali you say rm1.30... Sekali now u say PAT drop 20%... Means what ahh?
17/03/2019 13:06
anonyme if u r aware, VS did declare this to u all earlier, the price correction oso was happened at that time. isn't it?
17/03/2019 13:10
spectre007 So it would have already been priced in.. Nothing new.. Within expectations
17/03/2019 14:15
dusti In the latest issue of the EDGE, U OB-KayHian has recommended a "Buy" with a TP of 1.33.
17/03/2019 15:53
geary Aiyah whatever it's at present... looking at markets trends everywhere... interest rates are stabilised... liquidity is flowing 70~80% into equities...AAA bonds rates are going down...these are the crucial sentiments that everywhere stocks are in bullishness trends...Even we have all the FA is good... current n annual earnings are in green...if liquidity never flows into stocks...we are in Bearish trends...So think about it...I know many people are smart...but most of us never think rationally...!!!
17/03/2019 17:33
geary Stock Markets Crash...can wipe out around 50~70% of our capital...like in 2008/2009...so how to invest with huge Margin of Safety...???...Never chase the last dollars...have your own target price to exit...n reduce or eliminate your cost of capital. If the company don't pay dividend, bonus, etc...Just Sell all...when your target is reached... unless you know it's business model is sustainable n BODs allocated its retained earnings above average Dupont ROE. Always analyse its products or services...how is its demand... worldwide...who n why people buy or use it... cyclical or defensive...!!!...???
17/03/2019 18:14
freddiehero haha dj break 21k still no problem le..
17/03/2019 18:21
freddiehero if 18k mayb big problem liao
17/03/2019 18:22
geary Hahaha...BTW...I would like to be too smart...to predict DJ... probably if it peaks at 29,000~30,000 points...then probably a huge reversal can happen...but before it happens...some happening must be going on...like GDP slow down... interest rates is going up...n bond rates is up...all types of rates is up...or probably crisis in Latin America... or Eastern Europe...or probably huge debts... defaulted...by some countries...some many variables...so difficult to predict... hehehe...!!!
17/03/2019 18:50
Figo Lee If you do research you’d know new contracts are very likely, prospects for FY19 and 20 are considered very good amidst US China trade war.
The edge UOB Kay Hian also just declared RM1.33 TP on VS, buy call ;)
17/03/2019 19:33
geary Well...trade war... economic war...cyber war...whatever is it...US just don't really understand or trust China...these problems will be solved...but not perfectly solved...So many top companies in China aren't public listed...plus lack of transparency....run by state enterprises. These are the strong points in CCCP...you can see how fast the growth...it takes China 30 years...but for others probably more than 100 years...!!! There are many extraordinary kids born in China this century...as I know this century belongs to China...as was the last one belongs to US. Before that it was UK. So within these scenarios...I think some OEM/ODM will benefits companies in SEA...plus others types of industries like furniture, glove, OSAT, ATE...where there are a lot of outsourcing manufacturing of original products or services. So Bursa companies need to be daring to venture into it...plus government need to solve foreign workers levy at reasonable rates. Malaysian need to upgrade their respective skills to undertake all these....GL...!!!
17/03/2019 19:55
pussycats Posted by unclelimhuat > Mar 15, 2019 12:07 PM | Report Abuse

as per big shark big kaki and staff plan, they sold at 1.08~1.1, and will buy back at 0.91~0.95. Stay Tuned!!
=========

I record what this uncle said.

See whether his words in the long run boleh percaya kah?
Stay tune...
17/03/2019 21:14
Power1 Pussycats, he didn't ask you to percaya. He said "stay tune"
17/03/2019 23:15
unclelimhuat Stay tuned ya~~
18/03/2019 10:07
anonyme @unclelimhuat, do u mean "as per big shark big kaki and staff plan, they sold at 1.08~1.1, and will buy back at 0.91~0.95. Stay Tuned!! "?
18/03/2019 10:08
goodiewilly Stay tuned means when unclelimhuat commented the shares up price, it goes up lar.

do u mean "as per big shark big kaki and staff plan, they sold at 1.08~1.1, and will buy back at 0.91~0.95. Stay Tuned! In this case, Stay Tuned means koyak, going to drop lar...

Hahaha
18/03/2019 10:13
goodiewilly today lost coffee money, cut position to sell 995 ..won a cup of coffee, lose a cup of coffee...sianzzz
18/03/2019 10:27
whalehere herd mentality gets u nowhere...
18/03/2019 11:02
Skyway Q. When the price is dropping, stay tune means
a. follow the trend to sell
b. sell first and buy back at lower price such as 0.91-0.95
c. keep on buying to average down the on-hold price
d. ignore any further action and just keep the share even continue
drop
18/03/2019 13:11
Skyway Please vote A, B C or D...heheeeee
18/03/2019 13:12
Skyway Or even you have answer E, F...
Our SIFU here always mentioned stay tune, but whether they take the action simultanously...
Go deep to the operator mind....hahaaa
18/03/2019 13:15
whalehere This counter worth at least 1.20. As long as u buy below 1.00 you're okay
18/03/2019 15:08
anonyme awaiting kind heart shark to press down to 0.92 for more collecting...
18/03/2019 15:56
pinetree88 When is VS roughly gg annouce Q4 results?
18/03/2019 18:31
Plug EPF is buying this counter, then should be OK..
18/03/2019 18:32