tonight announcement~~

財經 [1]

21 Jan 2015 17:19

　（吉隆坡21日訊）券商與管理層會面后得知，威城（VS，6963，主要板工業）將在本財年末季生產第3代新咖啡機，銷量料可取得雙位數成長；消息一出，該股一路衝高，以3.27令吉創2年新高紀錄。

　本週一股價衝破3令吉的威城，以全日最低水平3.18令吉開跑，之后節節攀高。

　休市時，威城漲17仙掛3.27令吉，半日交易量有143萬7800股。

　午盤，該股漲勢持續；截至下午4時半，威城漲17仙或5.5%，報3.27令吉，207萬2400股易手。

　興業證券研究分析員馮鎵恩通過報告指出，Keurig公司咖啡機需求繼續提高，加上威城管理層有信心第3代咖啡機在7月出產后，能取得前者新訂單。

　隨著美元走強讓威城獲益，因為威城是以美元出售咖啡機給Keurig。

　展望2016財年，Keurig對該公司收入貢獻可從10%增高至20%。

　除了Keurig，Dyson將于今年推介新款吸塵器，威城塑料和電子零件訂單料能因而提高；威城為Zodiac公司生產更多泳池清潔產品，因后者簡化法國產量。

　“美元走強，加上威城主要客戶的訂單料繼續增加，我們調漲2015至2017財年收益預測介于55.6%至61.9%；股息收益達5.2%至6.5%。”

　該行維持威城“買入”評級，新目標價4.50令吉，具有45.2%上漲空間。

http://www.chinapress.com.my/node/593946

can buy cincin~~ shiok~~

Rosmah Rosmah~~ :p

Rosmah, what news to announce on Friday? Coca cola business? Bonus Share? Split? New Cincin?

VS Industry - Looking To Brew Up Strong Earnings
Author: kiasutrader | Publish date: Wed, 21 Jan 09:19

We recently met with management and came away feeling positive on its robust earnings outlook, driven by higher volume growth from its key customers, particularly Keurig. Reiterate BUY with a revised TP of MYR4.50 (from MYR2.95), 45.2% upside. The company will produce the third model of coffee machine in 4QFY15. It expects double-digit sales volume growth for the new model vs the outgoing model.

Strong orders from Keurig. VS Industry expects stronger sales volume growth for its coffee brewers, on the back of growing orders from Keurig Green Mountain (Keurig) (GMCR US, NR). Orders for the Keurig 2.0 coffee brewers (production began May 2014) came in stronger than expected. In addition, the group expects to lock in orders for the upcoming model, which will start production in 4QFY15 (Jul). Management has targeted double-digit sales volume growth for the new model vs Keurig 2.0. Thus, moving forward, we believe VS Industry’s hare of Keurig’s production sales volume should grow to 20% by FY16 (current: 10%). We also note that the recent strengthening of the USD vs the MYR bodes well for VS Industry as sales to Keurig are denominated in USD, while only a proportion of its raw material purchases are in USD.

Non-Keurig orders may rise as well. Rising orders from customers like Dyson and Zodiac will also contribute to VS Industry’s strong volume growth moving forward. We understand that Dyson is launching a new vacuum cleaner model this year and, consequently, orders for its plastic and electronic parts will likely see double-digit growth vs FY14 levels. VS Industry has also been ramping up production of the Zodiac pool cleaners early this year after the latter shut down its France plant.

Key risks to our recommendation. These include: i) a weaker-than-expected global macroeconomic environment, ii) dependence on orders from key customers, and ii) unfavourable forex trends.

Maintain BUY with a revised MYR4.50 TP. In view of higher sales volume growth from its key customers, as well as the recent strengthening of the USD against the MYR, we raise our recurring earnings forecasts for FY15-17 by 55.6%-61.9%. Accordingly, our TP is lifted to MYR4.50 (from MYR2.95), based on an unchanged recurring FY16 P/E of 10x. With a minimum payout policy of 40%, it also offers a respectable dividend yield of 5.2-6.5% for FY15-17F.

Keurig a significant contributor to VS Industry. Keurig is involved in the selling and distribution of the Keurig machines and systems, and roasts and distributes coffee in single serve K-Cups. Its strategy is to drive its brewer sales to generate
ongoing demand for its K-Cup packs. As of FY14, KGM had the top four best-selling at-home coffeemakers by USD volume in the US, according to the NPD Group for consumer market research data. As of FY14, its biggest market is still the US, which comprised 86.5% of the group’s sales, followed by Canada with a contribution of 13.2%. In 2014, the group launched its products in the United Kingdom and is targeting expansion into Sweden, Australia and South Korea.

Strong caffeine boost from Keurig. VS Industry’s partnership with Keurig began in 2011, when it entered into an agreement with Keurig to produce the single-cup Keurig K10 MINI Plus coffee brewers. In May 2014, the group commenced the production of the Keurig 2.0 K500 coffee brewers, which saw a huge boost to its 4QFY14 earnings. The group is on track to manufacture the third model in 4QFY15. The third model is a completely new model with multiple-cup brewing capacity and VS Industry targets double-digit sales volume growth vs its predecessor, the Keurig 2.0 K500. VS Industry’s contribution to KGM’s production sales volume is only 10%, with the remainder coming from original equipment manufacturers (OEMs) in China. With the third brewer model, we believe VS Industry’s share of KGM’s production sales volume should grow to 20% by FY16 from 10% currently.

Sole OEM for Zodiac pool cleaners. Management revealed that Zodiac has recently shut down its manufacturing plant in France due to high production costs and consequently, VS Industry is appointed to be the sole OEM for its Zodiac pool cleaners. Production of two models of the Zodiac pool cleaners has started in Malaysia since early 2015 and we gather from management that sales volume is ramping up as the relocation takes place. While Zodiac contribution to the group’s revenue is estimated at ~MYR100m (4.6% of group’s revenue for FY15F), its contribution to PBT is estimated to be larger at 7.8% of

Decent yi

who is Datuk Han? should be Datuk Gan right?

http://images.bidnessetc.com/img/b0b07fecb2354efcdfc9671484b6eaa9-keurig-further-brews-its-ties-with-coca-cola.jpg

Puan Sri Rosmah, this Friday announcement for coca cola business or for bonus share issue or for split share?

Always Coca-Cola~~!!!

http://images.bidnessetc.com/img/keurig-green-mountain-inc-gmcr-to-launch-soda-machine-in-2015.jpg

http://images.bidnessetc.com/img/2a084e55c87b1ebcdaad1f62fdbbac8e-keurig-green-mountain-inc-nasdaq-gmcr-news-analysis-is-the-coca-cola-company-nyse-ko-eyeing-an-acquisition.jpg

someone even told me besides giving 3 sen dividend on March, VS may announce bonus issue & split shares soon!!

by end of Deb should be RM3.60, after released Q result @ MArch, target price will be revised to RM4.xx!!

Then Censof announced a partnership with ABSS to tap into GST ready software for SMEs enterprises. The tie up with them is to take advantage of government funding for SMEs to be GST compliant.



Its in house GST compliant software generally distributed to government agencies, expects a sales spike in the GST segment as the implementation deadline approaches.



As of Dec 2014, it has rm1 million in its orderbook for the GST software systems alone, from its existing clients. Most of its agencies are equipped with the system and what they need now (Dec 2014) is to upgrade it. The fee could range from rm100000 to rm500000 depending on the size of the organization.



Censof serves 80 government agencies but only four are upgrading their systems.

you guys know ahead got how much dividend and entitlement date which has been announced?

VS Industry to continue with customer expansion plan
Author: value_investor | Publish date: Tue, 6 Jan 10:36 | >> Read article in Blog website

VS Industry Bhd has set its sights on expanding its customer base, leveraging on its vast experience in handling global clientele. Its managing director Datuk Gan Sem Yam said that the group has ample production capacity in its manufacturing facilities in Malaysia and Indonesia to take on more sales orders from existing and new customers. "We continue to be in talks with several potential customers in the consumer electronics space and hope to capture this demand," Gan said. (Financial Daily)

Source: CIMB Daybreak - 06 January 2015

2015-01-05 10:32

＊企業進展

雖然威城（VS,6963,主板工業產品組）前3季業績表現落後預期，不過，新訂單數額貢獻強勁，估計末季盈利將有所改善。

威城盈利前景可期，主要由新款咖啡機生產提昇貢獻，儘管公司管理層認為，這款新咖啡機的生產線將有40%成長率，不過，保守估計按年漲幅為25%。

派息率料維持至少40%
該公司在收購子公司後，負債率從去年的0.4倍上升至0.6倍，一般相信威城會維持至少40%的派息率，如果以2015財政年每股盈利預測達26.1仙計算，保守估計派息率維持在40%，相等於每股10.4仙股息，並提供5%的淨利息收益。

＊年報摘要
全球經濟在2013下半年走勢堅穩，復甦步伐延至2014上半年，新興市場經濟成長放緩，在經濟形勢不穩定、市場面臨挑戰的同時，威城營業額成長強穩，盈利也顯示改善。
其中集團營業額上漲47.4%至17億令吉，比之前的12億令吉高，主要是整合位於中國威城國際集團的業務。
在總營業額中，其中10億7千840萬令吉，或62.9%來自大馬業務，另外5億6千760萬令吉或33.1%來自中國市場的業務。此外，印尼業務佔集團其餘的6千670萬令吉或3.9%的營業額。
儘管營運與融資成本升高，集團在2014財政年凈盈利成長22.1%至5千360萬令吉，每股盈利從前期的24.23仙，增長至29.54仙。
此外，現金儲備持穩，共有1億2千350萬令吉，股東資金從4億7千960萬令吉，增至5億2千620萬令吉。
與此同時，集團貸款從3億6千180萬令吉，擴大至4億零980萬令吉，主要是所需營運資本偏高，股東資金與現金盈餘增加，促使集團負債率從前期的0.6倍，減至0.5倍。
在受檢討年股息分發每股11.7仙，以集團歸股東凈利5千360萬令吉計，股息的分發佔集團凈盈利的42%。
另外，國際貨幣基金組織預測，全球經濟成長預計從2014年的3.3%，上升至2015年的3.8%，儘管已開發市場顯示復甦跡象。可是，全球經濟復甦步伐不平穩，預料將影響電子生產服務業的發展，除了宏觀經濟展望不穩定，電子生產服務業之間競爭依然激烈，該領域的科技迅速演進與革新是主要因素。
威城自1982年成立以來，經歷幾次的經濟危機。值得欣慰的是，今天，威城依然是全球電子生產服務業的一家主要供應商，從2007至2013年，保持在全球50大電子生產服務業供應商的排行榜。

大會焦點威城（VS,6963,主板工業產品組）
活動：股東大會
日期：1月5日（星期一）
時間：上午10時
地點：柔佛峇株巴轄（星洲日報／投資致富‧本周焦點）

2014-12-29 05:53
1.请问威城（VS，6963，主板工业产品股）派息前景如何？
2.威城估值会高吗？适合买入吗？
3.公司净利前景是否可期？
答
威城（VS，6963，主板工业产品股）是一家区域电子制造服务供应商龙头。
该公司为欧洲及日本的知名品牌提供供应链和完整的合约制造服务，包括松下（Panasonic）、索尼（Sony）和佳能（Canon）等。
该公司目前在我国、中国、印尼和越南均有制造厂。
威城首季正常化净利为3120万令吉，按年激增327%，比预期佳，占全年预测的35%。
优秀的业绩归功于表现比预期好的营业额，相信是由新的咖啡机所主导。
中国亏损比预期少
另外，优良的产品组合和较高的营运效率，也提升了盈利赚幅。
中国业务的亏损比预期少，亦是个利好。
不出我们所料，威城宣布派息3仙，相等于当季19%的派息率。
虽然首季派息率比至少派息40%的股息政策要低，但不足以构成担忧，因该公司一般上还会派发终期股息，以弥补之间差距。
展望看俏财测上修
威城公布业绩后，我们更正面看待其净利前景，因咖啡机产量增加，这赚幅优渥的产品将主导公司净利。
另一方面，该公司其他的产品，如吸尘机、遥控器、供应给家电和设备的印刷电路板组装（PCBA）和塑胶外壳等，都取得稳定订单。
而厂房使用率高，也推动赚幅增长。
基于相信营业额增长持续稳健，及估计赚幅可达4.7%，我们将本财年净利预测上调至7130万令吉，2016财年的净利则预计为7540万令吉。
周息率5.6%
我们相信重估该股是必然的，因威城净利规模可观，加上致力于派息，相信可交出5.6%的周息率。
我们重申“短线买进”的投资评级，目标价格上修至3.56令吉。
威城目前的股价依旧便宜，只有2015财年本益比的7.1倍，相较同行是53%的折价。


http://www.nanyang.com/node/671729?tid=885

my friend is working inside VS, that recall model VS no longer produced since last year.... my friend also wonder such old news why published last week.... probably US fund wanna grab VS at lower price?

good chance to grab more~~~ that past tense issue brought impact to VS competitor~~

great news~~ got US fund just bought many lots from open market from RM2.5x to RM2.6x~~!!

V.S. Industry Bhd - Still have legs
Author: kiasutrader | Publish date: Tue, 23 Dec 09:29

· 1QFY15 results above expectations. V.S. Industry (VSI) recently reported a 1QFY15 normalised Net Profit (NP) of RM31.2m, a robust growth of +69% QoQ and +327% YoY respectively. Note that the 1QFY15 normalised NP has been adjusted by excluding tax gains related to the enhanced export incentives which amounted to c.RM4m. Even so, the results came in way above expectations, beating our full-year forecast and the consensus by 35% and 30% respectively. The key positive deviations were due to: (i) higher-thanexpected revenue which we believe was driven by new coffee brewing machines and (ii) higher-than-expected EBIT margin on the back of favourable product mix and higher operational efficiency and (iii) lower than expected losses in the China segment. Taking a closer look at its 1QFY15 results, EBIT soared by 86% QoQ to RM47.6m due much to higher EBIT margin of 8.7% (+3.9ppts from 4QFY14) resulting from improved sales mix for the Malaysia operations.

· Stronger dividend in the pipeline. As expected, a first interim single tier of 3.0sen dividend per share (DPS) (vs. 2.2sen net DPS in FY14) was declared, which implied 19% of dividend payout ratio (DPR) for the quarter. Although the 1Q15 implied DPR was below its dividend policy (min. 40% DPR), we are not worry of the shortfall as the group will usually declare a final single tier dividend in the final quarter to fill up for the gap based on its historical trend.

· Earnings blossoming in FY15. Post results, we are turning more POSITIVE with the group’s earnings prospects, premised on: (i) the production ramp-up for its new coffee brewing machine (+55%), which will continue to be the fat margin products driving up the group’s profitability, (ii) its ongoing resilient orders of finished products ranging from vacuum cleaners, remote controllers, PCBA & plastic casings for other appliances and equipment and (iii) margin expansion mainly due to the higher utilisation rate. Subsequently, we have increased our FY15E NP to RM71.3m (by +37%) based on higher revenue growth assumption mentioned above and higher EBIT margin assumption of 4.7% (+1.0ppts) on better product mix and higher operating efficiency. We have also introduced our FY16 projections with revenue growth assumption of +8% and EBIT margin assumption of 4.5%.

· Reiterate our Trading Buy rating with a higher TP of RM3.56 (from RM3.16). We believe its valuation re-rating is warranted given its crystallising sizeable earnings as well as the commitment of dividend payout policy which could give a decent net yield of c.5.6%. Post earnings upgrade, our TP has been raised to RM3.56 from RM3.16 based on a lower targeted 10.0x FY15 EPS (to align with the forward FBMSC P/E valuation of 10.5x) which also implies a steep discount of 34% from the closest valuation from its peer, SKP Resources (trading at 15.1x FY15 PER). Coupled with the net dividend yield assumption of c.5.6%, this could translate into a decent total upside of c.46% to shareholders. Looking at the current share price, its valuation is still cheap, trading at an undemanding FY15 PER valuation of 7.1x which is at a 53% discount to its closest peer.

Source: Kenanga

at current price, the PE is still around 6.1x only~~ by right this share's PE can near to 9 or 10, which still lower than skpres, let's say PE is 9, VS share price should be RM3.78!!

near 40% potential return within 3 months time~~ chinese new year big ang pow!!

very soon VS will pecah RM2.7~~ near 90% next Q China branch will bring in positive return, plus existing VS Malaysia powerful business orders, heading to RM3.3x is not a problem.

good business, good dividend, good profit, good revenue, everything good~~ soon will rise back to RM2.6 then heading to RM3~~

yup, agree, one of the best of the best~~!!

https://research.osk188.com/report/14364/vs-industry-a-strong-start-to-fy15.html

18 DECEMBER 2014 08:17AM
VS Industry - A Strong Start To FY15
RECOMMENDED: BUY
TARGET PRICE: MYR 2.95
PRICE: MYR 2.17
VS Industry’s MYR35.2m 1QFY15 earnings were above our expectations. Maintain BUY with revised MYR2.95 TP (vs MYR2.92, 35.9% upside). Earnings rose 268.4% YoY on the back of higher sales, EBIT margin expansion and tax incentives from its enhanced exports initiatives. An interim dividend of 3 sen per share was declared for the quarter under review.

 Above expectations. VS Industry’s 1QFY15 (Jul) earnings of MYR35.2m were above expectations. They were up 268.4% YoY on the back of: i) a 24.5% YoY rise in sales – largely contributed by Keurig coffee machines, ii) EBIT margin expansion from higher utilisation rate and improved product mix, and iii) tax incentives relating to the enhanced export incentive for the quarter under review. By comparison, in 4QFY14, earnings eased 3.4% QoQ. However, we note that the higher earnings in the preceding quarter were due to higher utilised tax incentives of MYR18m (1QFY15: ~MYR3.9m). Stripping off these incentives, 1QFY15’s core earnings rose 68.6% QoQ, driven by higher sales and EBIT margin expansion from increased utilisation rates as well as improved product mix from the production of the new Keurig coffee machine model that began in May. An interim dividend of 3 sen per share was declared for the quarter under review.


 Forecasts. As 1QFY15 earnings were above expectations, we raised our FY15-16 EPS forecasts by 3-8% respectively after updating our sales and margins assumptions, the enlarged share base from conversion of ESOS and taking into account the seasonal sales weakness from November-April. We also take the opportunity to introduce our FY17 projections. Key risks to our recommendation include a weaker-than-expected global economic environment that could dampen sales and dependence on orders from key customers.


 Investment case. We maintain our BUY call with a revised MYR2.95 TP (from MYR2.92), which is based on a recurring FY16F P/E of 10x. This is broadly in line with its closest peer, SKP Resources’ (SKP MK, BUY, TP: MYR0.85) 11x valuation. The stock is currently trading at an undemanding FY16F P/E of 7.8x relative to its 3-year earnings CAGR of 21.3%.

most likely by end of Dec this stock's price will be touching RM3~!!

VS Industry may trend higher after breaching the MYR2.52 mark on a strong white candle. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.68, followed by MYR2.88. The stock may pull back and consolidate further if it retraces back below the MYR2.52 level. Further support may be found at MYR2.27, where traders can exit upon a breach on closing.

Having said that, our view and year-end target of 1,910 remains unchanged. We believe the domestic market will still be supported by the strong domestic liquidity position and the favourable seasonal pattern. Besides, as FBMKLCI is traded at 7% discount to its consensus target price of 1,945, the downside could be limited. Based on the track records between FBMKLCI and its consensus target, we believe any dips below 1,830 should serve as “Buying On Weakness” (B.O.W.) opportunities. Apart from YTD underperformers / laggards, we still like BARAKAH (OP, TP: RM1.74), COASTAL (OP, TP: RM5.94), GAMUDA (OP, TP: RM5.52), KSL (TB, TP: RM6.63), MUHIBAH (OP, TP: RM3.55), SIME, (OP, TP: RM10.10), SUPERMX (OP, TP: RM3.23) and VS (TB, TP: RM3.16). Our other 2 Top Picks - MBSB (OP, TP: RM2.65) and RHBCAP (OP, TP: RM10.00) – have performed well after the recently announced CIMB-MBSB-RHBCAP merger structure. As such, we are replacing these 2 Top Picks with MPI (OP, TP: RM6.72) and PMETAL (OP, TP: RM8.87).

Source: Kenanga

VS experienced a mild consolidation breakout above the RM2.36 level with improved volumes. The MACD Line has crossed above zero, while the RSI is hovering near the 50 level. Price target will be envisaged around the RM2.65 and RM3.00 levels. Support will be located around the RM2.28 level.

Source: M+ Online Research - 19 Nov 2014

once Q result release on dec 2014, target price will adjust to RM3.60!

wind is coming~~ buy before too late~~ ^^

my dear team mates, based on technical analysis, will be free fall to 0.6, if worse, free fall to 0.4... if can, lock profit, buy back at low price.... dun fight with big market trend....

sell now at least you guys can lock profit~~!!! future still have bullets to buy @ 0.4 0.5~~!! my mates, please!!!

based on technical analysis, once break 0.8 then will direct free fall to 0.6 then 0.4~~!! warning mates!!

base on technical analysis, once drop and pecah 0.8, this powerful falling knife will hurt your hands, deep deep bleeding, until RM0.6~!!

sell call~~!!!!

technical chart showing falling knife is on going, will drop back to 0.6 by next week~ fast fast take profit!!!!

very great chance to top up more for any price below 2.4~~ nearer to Dec this stock will rise with superb turbo engine~~!!! huat huat~~!!

pjdev and pjdev-wc will start rising tomorrow, especially next week~

I am the king of the world, i oledi told u~~ hahahahaha~~~~

Russian, where is your magic show?? -> http://www.amigirl.com.tw/wp-content/uploads/2013/06/xiao-zhong-Mr-Magic.jpg

Russian's magic -> http://www.amigirl.com.tw/wp-content/uploads/2013/06/xiao-zhong-Mr-Magic.jpg

Russian so called magic -> http://www.amigirl.com.tw/wp-content/uploads/2013/06/xiao-zhong-Mr-Magic.jpg

I am the mother father of RussianRoulete~~ i am the king of the world~~~~ wah hahahhahahha

Russian, please do not insult my grandparents, warning!!

actually u guys need not to guess what's the price will be closed today, you guys all not long term investors ka? what's the purpose you invest this company? not hand in hand with this company towards better future ka? as long as this company keeps earning will do~~ everyday up down up down will u feel siok and can sleep nicely? if cannot sleep nicely, wat's the point you earn this money? health important or money important?

anyway, i am the king of the world~~ :)

goreng pisang?? wah hahahhahahahaha no matter how, i am the king of the world~~~