PublicInvest Research

TECHNICAL BUY: VS (6963)

PublicInvest
Publish date: Mon, 04 Nov 2024, 05:18 PM
PublicInvest
0 11,440
An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical chart: VS

Key Technical Analysis
Last closing price: RM1.03
Support Level Share Price Resistance Level Share Price
1st Support 0.975 1st Resistance 1.10
2nd Support 0.900 2nd Resistance 1.18
3rd Support 0.820 3rd Resistance 1.24

Description

VS is a leading integrated Electronics Manufacturing Services (EMS) provider in the region.

Fundamentals

The new financial year looks promising for VS, with RM1.5bn in new orders secured through its Philippines subsidiary. In Malaysia, the Group is optimistic about adding a new client by the end of 2024 to support further growth.

Key Financial Data
Growth / Ratio FY22 FY23 FY24
Revenue growth (%) -2.20 17.63 -7.74
Normalised net income growth (%) -22.93 -11.54 16.59
Return on equity (%) 8.07 8.24 11.08
Return on asset (%) 4.51 4.46 6.06
Price earnings ratio (x) 22.60 19.21 22.74
Price to book ratio (x) 1.77 1.60 2.04
Debt to equity ratio (%) 25.57 37.58 39.61

Source: PublicInvest Research - 4 Nov 2024

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