Followers
0
Following
0
Blog Posts
0
Threads
1,104
Blogs
Threads
Portfolio
Follower
Following
2019-03-24 18:09 | Report Abuse
2019-03-22 11:14 | Report Abuse
vroom vroom vroom vroom~~~~~~~~~~~ bom~~~~~~~~~~~~~~~~~
2019-03-21 15:14 | Report Abuse
upward sound effect is vroom vroom vroom vroom~~~~~~~~~~~ bom~~~~~~~~~~~~~~~~~
2019-03-21 15:13 | Report Abuse
downward sound effect is uuuuuuuummmmmmmmm boom.........
2019-03-21 14:55 | Report Abuse
Definition of vroom in English:
NOUN
informal
The roaring sound of an engine or motor vehicle.
‘the vroom of a passing motorcycle’
EXCLAMATION
informal
Used to convey the idea of speed or acceleration.
‘press the ignition button and vroom!’
2019-03-21 14:41 | Report Abuse
KLCI dropping 17 will "on hold" VS a while, very very soon vroom vroom vroom!!! stay tuned ya!!!
2019-03-21 09:38 | Report Abuse
what if another new customer another new project to be announced next week? hehehehehe stay tuned
2019-03-21 09:37 | Report Abuse
2018 is fake bear market, 2019 is true ultimate strong bull market, 2020~2021 market crash!! must must must grab the chance earn as much as possible from bull market this year!! many stocks are keep rising!! dun miss the chance!!
2019-03-20 21:37 | Report Abuse
stay tuned!! count down few days for bombastic announcement!!
2019-03-20 17:11 | Report Abuse
what if another new customer another new project to be announced next week? hehehehehe stay tuned
2019-03-20 15:32 | Report Abuse
Patrick13 bro, that one oledi factored in, otherwise last year won't from 1.3 to below rm1. All factored in~~~
2019-03-20 15:16 | Report Abuse
count down few more days for fantastic bombastic announcement and news!!!
2019-03-20 15:07 | Report Abuse
Please take note of the following:
“In the EMS industry, if you can secure one new contract every three years, you are considered doing very well. But we will be securing three new contracts this year alone. That’s something remarkable,” says the 62-year-old Gan, who joined VS Industry in 1982.
2019-03-20 15:07 | Report Abuse
Please take note of the following:
“What I can say is that Bissell will not be our only new client this year. We are confident of securing at least another two contracts by the end of this year,” he says.
2019-03-20 15:05 | Report Abuse
“All this happened when we were releasing our financial results in mid-December. Naturally, investors were concerned about the gap between the commencement of new jobs and completion of earlier ones. But to us, it is all about timing. If old things don’t go, new things will never come,” he says.
He points out that VS Industry was awarded “vertically integrated” status by the European customer in 2016.
“Logically, whenever the European client is launching a new product, it will come to us first.”
He admits that in the past, VS Industry had relied quite heavily on the European client. But today, the group has diversified its customer base. At the same time, the European client is making some changes to its business strategy.
“Certain people misunderstood. It is perfectly normal for MNCs to shift their production lines when they think the time is right,” Gan explains.
“But we view it positively. Think about it ... orders for old models will always decline whereas orders for new models will always increase. From our perspective, we don’t want old products to occupy too much capacity in our plant. We would rather be an EMS provider that is capable of making new products so that we can grow together with our client.”
Still, he warns that VS Industry may see a slight decline in earnings for FY2019 due to the six-month order gap from the European client between February and July this year.
“But we expect a double-digit recovery in both top line and bottom line come FY2020,” he states.
2019-03-20 15:05 | Report Abuse
US-based Bissell brings welcome relief to VS Industry
TheEdgeWed, Mar 20, 2019 - 1 hour ago
FOR homegrown electronics manufacturing services (EMS) provider VS Industry Bhd, newly secured job orders from US-based Bissell International Trading Co BV could not have come at a better time.
Recall that the stock, which has been on a downward trend since January last year, got hammered to a three-year low of 64 sen in December.
The management had then issued a profit warning, telling investors that earnings for the second half of its financial year ending July 31, 2019 (2HFY2019), were going to weaken as the group anticipated that order flow from a key customer might decline.
Compounding this was speculation that the group may have lost some job orders from the European multinational corporation (MNC), best known for its home care products. Some even went as far as to say that VS Industry may have lost the global brand as a client.
Its share price declined 69% last year before staging a rebound, rising 42% year to date to close at RM1.04 last Thursday.
On March 1, VS Industry announced that it had signed a three-year master supply agreement with Bissell — a leading home appliance company in the US — to manufacture its home care products on a box-build assembly basis.
Although no contract volume or amount was specified, managing director Datuk Gan Sem Yam expects Bissell to become the group’s second largest customer, contributing about 15% to 20% to its turnover in the coming years.
“Bissell is our first new key customer in recent years. The new contract is expected to drive our future earnings performance, but we may not see a significant contribution yet in FY2020,” he tells The Edge in an interview.
Currently, the group’s top three clients are the European client, Keurig Green Mountain Inc (a US-based hot beverage system company) and Zodiac Pool Systems Inc (a global manufacturer of pool and spa equipment).
Based in Michigan, Bissell is a family-owned home care solutions company founded in 1876. It is known for supplying households and businesses globally with vacuum cleaners, carpet-cleaning machines, cleaning formulas and pet-grooming products.
Bissell currently has three contract manufacturers — two in China and one in Mexico. VS Industry will be its first in Southeast Asia.
According to Gan, US-China trade tensions have opened up opportunities for VS Industry as Bissell, for example, had to move out some of its production lines from Shanghai.
“I met CEO Mark Bissell (the fourth generation of the founding family) at its US headquarters and his key management members in Hong Kong to discuss how VS Industry could absorb its orders in Shanghai. Subsequently, they came to Johor to visit our plant. Within less than six months, we managed to secure the contract,” he says.
Gan firmly believes that the US and China trade dispute will bring many business opportunities to Malaysian manufacturers, and hence, the prospects for VS Industry in the next three years should remain bright.
“What I can say is that Bissell will not be our only new client this year. We are confident of securing at least another two contracts by the end of this year,” he says.
Johor-based VS Industry is the fourth largest EMS provider in Asean, and among the top 50 in the world, with in-house printed circuit board (PCB) and battery-pack assembly capabilities.
The group manufactures products such as vacuum cleaners, coffee brewers, robotic pool cleaners, air purifiers and automatic paper dispensers for its clients.
“In the EMS industry, if you can secure one new contract every three years, you are considered doing very well. But we will be securing three new contracts this year alone. That’s something remarkable,” says the 62-year-old Gan, who joined VS Industry in 1982.
Besides Bissell, there are many other MNCs looking to relocate their production lines from China, he says.
Nevertheless, VS Industry will be selective as its production capacity is limited.
Assuaging investor concerns
Gan deems talk that it had lost the European MNC as a client as “simply ridiculous”.
“According to these people, we just lost them all of a sudden. Frankly, we were not worried at all, although we were quite shocked when we heard the rumours. We know our business model is sustainable, and we know that we still have the client,” he stresses.
He acknowledges that the European client had, towards the end of last November, revealed that it planned to shift a production line to a Taiwanese firm operating in the Philippines and another to a local competitor of VS Industry.
The European client, however, subsequently gave VS Industry a new production line — the world’s first and only one so far — to produce its latest groundbreaking product, which is currently sold out in the market.
Gan stresses that it is normal practice in the industry for clients to take away an old product from a manufacturer and replace it with a new product.
2019-03-15 13:41 | Report Abuse
big shark big kaki staff like dropping~ they aim to buy back at 0.92~0.95
2019-03-15 12:07 | 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!!
2019-03-13 08:38 | Report Abuse
[VS] Change In Substantial Shareholder's Shareholding - KUMPULAN WANG PERSARAAAN on 12-Mar-2019
Stock [VS]: V.S INDUSTRY BHD
Announcement Date 12-Mar-2019
Substantial Shareholder's Particular:
Name KUMPULAN WANG PERSARAAAN
Details of Changes:
Currency -
Date of Change Type Number of Shares
11-Mar-2019 Acquired 1,739,800
Registered Name KUMPULAN WANG PERSARAAN
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Acquisition
Total no of securities after change
Direct (units) 185,412,050
Direct (%) 10.27
Indirect (units) 24,336,025
Indirect (%) 1.35
Total (units) 209,748,075
Total (%) 11.62
Date of Notice 12-Mar-2019
2019-03-13 08:38 | Report Abuse
[VS] Change In Substantial Shareholder's Shareholding - KUMPULAN WANG PERSARAAAN on 08-Mar-2019
Stock [VS]: V.S INDUSTRY BHD
Announcement Date 08-Mar-2019
Substantial Shareholder's Particular:
Name KUMPULAN WANG PERSARAAAN
Details of Changes:
Currency -
Date of Change Type Number of Shares
07-Mar-2019 Acquired 2,027,000
Registered Name KUMPULAN WANG PERSARAAN
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Acquisition
Total no of securities after change
Direct (units) 185,412,050
Direct (%) 10.27
Indirect (units) 22,596,225
Indirect (%) 1.25
Total (units) 208,008,275
Total (%) 11.52
Date of Notice 08-Mar-2019
2019-03-12 09:20 | Report Abuse
zakiazre4 pls forget those big loss tat you had encountered in VS, It is the hopeful, buoyant, cheerful attitude of mind that wins. Optimism is a success builder, pessimism an achievement killer.
2019-03-12 09:18 | Report Abuse
ya, please enjoy the day bro, dun worry, please be cheerful no matter what, ok bro?
2019-03-12 08:58 | Report Abuse
zakiazre4 bro.... Life is one big road with lots of signs. So when you riding through the ruts, don't complicate your mind. Flee from hate, mischief and jealousy. Don't bury your thoughts, put your vision to reality. Wake Up and Live!
2019-03-12 08:57 | Report Abuse
zakiazre4 bro.... If you want to forget something or someone, never hate it, or never hate him/her. Everything and everyone that you hate is engraved upon your heart; if you want to let go of something, if you want to forget, you cannot hate.” “When we don't know who to hate, we hate ourselves.
2019-03-12 08:56 | Report Abuse
zakiazre4 last year i did tell you try to welcome new life dun always remember the big loss tat you had encountered in VS. ya i knew you bought VS at RM3 and sold at rm0.68 really a big pain and you lost all the confidence, but please, welcome new life and moving forward i believe you can gain back more. trust yourself bro!
2019-03-11 22:50 | Report Abuse
good night zakiazre, pls welcome new life, enjoy ur life. have a sweet dream :)
2019-03-11 22:28 | Report Abuse
many ppl happy bcoz earning easy and fast money. now big kaki n staff are waiting to buy back at 0.9x after laughing all the way to the bank.
Stock: [VS]: V.S INDUSTRY BHD
2019-03-24 18:46 | Report Abuse
one of the bombastic news on next week!! stay tuned!!