ya amet2017, this is wat zakiazre4 doing now. but have to pity him bcox all these are his hard earned money. just hope he can cheer up and enjoy the life everyday.

earn easy money. this counter very easy to earn easy money. Stay tuned. hehe

last week big kaki n staff oledi been instructed to take profit at 1.09 1.1. They plan to press down to 0.92 and buy back.

i hope you will have fruitful future. dun keep the hate in ur heart, try to open ur heart and welcome new life bro

aiyo zakiazre, relax, i remembered you told me u bought VS at rm3 and cut loss at rm0.68. Please dun hate the world, enjoy ur life and cheers up.

thanks to big kaki, great chance!! stay tuned!!

ChefSaham if big shark big kaki so kind heart to press down below rm1 then most ppl will be very happy to buy back bcoz most ppl & staff sold at 1.09 1.1 hehehehehe

hehehe shhhhh.......

bcoz many short term ppl oledi took profit at 1.09 ~ 1.1 and all of them are waiting to buy back at 0.9x, hehehehe

but will be best if big sharks big kaki press down price to 0.9X and allow ppl to buy more, wahahahaha

anonyme i didn't disclose anything.... i just said stay tuned

shhh...........

1.25

end of march hehehehehe

to be announced very very very soon!! stay tuned!!

relax relax bro n sis, enjoy ur weekend ya~ stay tuned, coming soon!!

wow 铁娘子

hehehehe, if big shark so kind to press down to 0.8X 0.9X then must remember to grab kuat kuat lo~ bcoz will have announcement for others too soon~~ stay tuned ya~~~

Latest Target Price!!

Maybank RM1.25
RHB RM1.28
JF RM1.27
UOB RM1.33

UOB

COMPANY UPDATE BUY
(Maintained)
Share Price RM1.03
Target Price RM1.33
Upside +28.9%
(Previous TP RM1.10)

Mar 18 May 18 Jul 18 Sep 18 Nov 18 Jan 19 Mar 19
Source: Bloomberg
ANALYST(S)
Desmond Chong
(603) 2147 1980
desmondchong@uobkayhian.com

VS Industry (VSI MK)
Timely Win With Better Contract Terms To Anchor Recovery in FY20

We came away from the well-attended briefing still feeling positive premised on the better-than-expected guidance on contract value. As proven by its ability to secure new and meaningful contracts (in 2013 and now in 2019), we remain hopeful of the group securing new contracts from the remaining prospective customers, with some are already at advanced stage of discussions. Increase FY20F/21F earnings by 11%/13% to account for higher order ramp-up. Maintain BUY. Target price: RM1.33.

WHAT’S NEW
More details on BISSELL. During yesterday’s briefing, VS Industry (VS) management noted that the recent timely win was the fastest contract ever be secured by the company, thanks to the imminent trade diversion arising from the US-China trade war. With the inking of this master agreement with BISSELL, VS became its first EMS partner in Southeast Asia, with a dedicated plant (size: 160,000sf) that will be equipped with injection moulding facilities, assembly lines, warehouse and test labs. Meanwhile, touching base on the concern of conflict of interest with the group’s existing client which is involved with similar products, management reiterated that it has received blessings from this key customer.

Sizeable contract with decent margins. Note that most of the contract manufacturing jobs of BISSELL are being undertaken by two EMS players based in China (80%) and one in
Mexico. With VS now benefitting from the orders fallout from these EMS players, the group believes that it can achieve RM700m sales in two years’ time and eventually up to RM1.2b sales based on the product line-ups (with pricing based on six-month visibility). While management keeps its lips tight on profitability guidance, we believe margins should be more decent than that under the existing key customer’s contract given BISSELL’s product design.

Better orders visibility with key customer’s beauty products gaining traction. While we expected a weaker 2HFY19 and beyond in expectation of slower product uptake by its key
customer (hence earnings revision), management’s latest guidance on a better order commitment from the key customer’s beauty products have altered our overly conservative view. Note that this line of products will see another 50% ramp up amid overwhelming demand globally. Meanwhile, VS will remain as the main supplier for this product.

VALUATION/RECOMMENDATION
Maintain BUY with a higher target price of RM1.33, based on 13x FY20F PE, which is
close to its 3-year mean PE. We remain hopeful of the group as the frontrunner in clinching
contracts related to the US-China trade diversion.
SHARE PRICE CATALYST
Large contracts wins from new MNC customers.
Favourable forex movements

RHB Research raises target price for VS Industry to RM1.28
theedgemarkets.com
/
theedgemarkets.com

March 07, 2019 08:26 am +08

-A+A
KUALA LUMPUR (March 7): RHB Research Institute Sdn Bhd has maintained its “Buy” rating on V.S. Industry at RM1.03 with a higher target price of RM1.28 (from RM1.08), a 24% upside and 3.2% FY19F (Jul) yield.

In a note today, the research house said during a recent briefing, management provided further clarity on the newly-secured job orders from Bissell.

“In addition, VS Industry remains optimistic that new job flows will be robust, thanks to pockets of opportunities arising from the US-China trade dispute.

“All in, we came away from this briefing feeling more comfortable with the visibility of its earnings and jobs flow outlook,” it said.

Latest Target Price:

Maybank RM1.25
RHB RM1.28
JF RM1.27

ok good hehehehe

Chua Joe Beng bro, explain apa? alamak headache

hehehehe

cheap then buy more add more la

hehehe you guys invest or gamble oh?

sorry mates, attending health talk. stay tuned!

how come miss_secret so guai lan~~ hehe

https://www.malaymail.com/news/money/2019/03/05/local-shares-easier-at-midday/1729193

As for other heavyweights, Maybank rose one sen to RM9.55, Public Bank gained six sen to RM24.68, Tenaga dropped 14 sen to RM12.82 and CIMB was two sen weaker at RM5.62.

Among actives, Bumi Armada fell one sen to 16.5 sen, Sapura Energy was flat at 32 sen, while Dayang Enterprise and VS Industry each added five sen to RM1.41 and RM1.08 respectively.

The FBM Emas Index was 13.69 points easier at 11,752,92 and the FBMT 100 Index decreased 14.97 points to 11,611.88, but the FBM Emas Shariah Index gained 1.14 points to 11,689.43.

The FBM 70 Index advanced 51.26 points to 14,007.33 and the FBM Ace Index appreciated 9.10 points to 4,690.60.

ok ok stingray, sorry for everything, apologize and i hope you will forgive me. sorry.

wow, funny stringray is trying go deep into my mind but seems like failed~~ i'm so scared you trying to stay nearer to me~~ i dun like boy boy please~~ very gao wet~~ LOL

ok ok funny stingray..... dun eat too much sour grapes~~ stay healthy~~

funny stingray sour grapes, i am buying not selling. you like to go deep into ppl mind. i am in the toilet, please go deep into my mind and guess what i am doing in toilet now

remind yourself, everyday read this:

人有三种：
1. 成功人：相信所以看到
2. 普通人：看到才相信
3. 失败人：看到都不相信

你属于那一类人？

Maybank Target Price = RM1.25
JF Target Price = RM1.27

財经 最后更新 2019年03月4日 21时03分

获美顶尖品牌订单　威鋮盈利前景乐观

（吉隆坡4日讯）去年杪预警一家主要客户將削减订单的威鋮集团（VS，6963，主板工业股）上週五宣布，获得来自美国顶尖品牌公司的合约，市场人士正面看待威鋮集团盈利前景。

无论如何，之前已经偷步走高的威鋮集团，股价週一掉头下滑，以1.03令吉掛收，全天滑落6仙或5.5%，成交量为6439万1000股，是全天第7大热门股。

威鋮集团是在上週五（1日）宣布，获得新客户--必胜国际贸易（Bissell International Trading）颁发供应合约，为BISSELL生產特定家用清洁產品，负责成品组装（Box Build）。


此合约从2月27日开始，为期3年。必胜国际须在每个月15日向威鋮集团提供接下来6个月需求预测数据，合约价值则视订单数量而定。


首家东南亚供应商

必胜专门產销各种清洁设备，如吸尘机与地毯清洁器等，是美国小型家用电器市场最畅销的品牌，市佔率预计逾二成。值得一提的是，必胜绝大部份產品在中国製造，此次增加在中国以外的生產商，是出于对中美贸易纠纷的担忧。威鋮集团是必胜首位东南亚区域供应商。

威鋮集团管理层此前披露，將会有特定厂房供新客户专用。马银行投行分析员预期，必胜订单很大可能会是用该集团在2017年买入、佔地12万平方尺的厂房生產。他相信，若真如此，合约价值应在2亿至2亿5000美元之间（约8亿至10亿令吉）。

JF艾毕斯证券补充，初始订单可能不会太大，但预计会日益增加。大眾投行分析员称，若合约价值为5亿令吉，威鋮集团2020和2021財政年盈利料潜在提高15%。

投行一致看好这可正面影响威鋮集团盈利前景，但在等待管理层週三（6日）举行的分析员匯报会上作出进一步宣布大部分分析员保持盈利预测不变，只有马银行投行在週一报告中將威鋮集团2020和2021財政年盈利预测各上修33%和29%，同时也將毛利赚幅（GPM）预测稍微调涨至12%。

另一边厢，管理层透露，在获得新订单之际，公司与其他主要客户的关係依旧良好，让分析员感到宽心。

综上所述，马银行投行与大眾投行將威鋮集团的投资评级上调至「买进」，马银行投行也將目標价从82仙，提高到1.25令吉。此外，JF艾毕斯证券亦將目標价调涨至1.27令吉，但维持评级不变。

hohoho123, read carefully, public bank mentioned target price is subject to upward revision post-briefing.

aiyo mikebill, i oledi shared so many info you still hesitate ah?

人有三种：
1. 成功人：相信所以看到
2. 普通人：看到才相信
3. 失败人：看到都不相信

你属于那一类人？

mikebill sometimes have to wash white white 1st, after wash white white then fresh fresh to the moon~~~

mikebill, who is the so called "somebody"?

no la bro, he better dun come to ka ka cau cau~

Ww1234wW, Uncle kyy got promoting VS again recently?

人有三种：
1. 成功人：相信所以看到
2. 普通人：看到才相信
3. 失败人：看到都不相信

你属于那一类人？

March 3, 2019

V.S. Industry (VSI MK)

Early beneficiary of US-China trade tension

Win exhibits VSI’s capabilities; U/G to BUY
In an impressive turnaround time after being notified of a production
volume cut by a key customer back in Nov 2018, VSI is able to secure a

new contract to fill the void of its excess capacity. We raise our street-
low FY20/21E earnings by 33%/29% to account for higher utilization of

VSI’s plants and slightly better margins. With a more diversified customer
portfolio and opportunities for another win in the near-term, we believe
that VSI should trade at a smaller discount to the tech names within our
coverage. We raise our target PER peg to 15.5x, representing a narrower
discount of 10% (from 20%), lifting our TP to MYR1.25 (+52%).
Turning the tide around
VSI has entered into an agreement with Bissell International Trading

Company to manufacture a certain Bissell homecare products on a box-
build basis for three years, to be extended annually. A search on Bissell
shows that they are in the space of vacuum cleaners, specializing in
carpet cleaning with exposure to commercial cleaning following the
acquisition of Sanitaire in 2018. At a revenue base of ~USD800m in 2017,
Bissell is the most popular brand in North America with an estimated
market share of 20%. We understand that Bissell products are mainly
built in China and this product transfer is a result of the US trade tariff
on China. VSI’s production for Bissell in Malaysia will be in a dedicated
plant, likely the 120k sq ft plant acquired by VSI back in 2017. For this,
we believe that this contract value could range from USD200-250m p.a..

Raising our FY20/21E earnings by 33%/29%
We have previously imputed some job wins for FY20/21 on a conservative
GPM of 10-11%. We raise GPM slightly to 12% considering better margins
from this contract on a higher overall production scale for VSI.
Expect no disruption to existing clients
While we laud VSI’s swift action to secure this contract, there may be
concerns on its existing clients. Nonetheless, we are comforted by VSI’s
press statement which assures investors that its existing relationship
with key clients remain strong, inferring that the former has a go-ahead
to execute this new contract. VSI is eyeing more contract wins ahead;
this could further catalyse earnings and re-rate the stock once again.

Maybank analysts report out. TP1.25 wow!!!

remisier wants you keep trading for commission hehehehe

dun forget ya:

• Details are scarce at this juncture pending a briefing on 6th March. We are making no changes to our earnings forecast, BUY recommendation and TP of MYR1.08 based on 12x FY20F P/E.

• Assuming a contract sum of MYR500m and net margin of 5%, the latest win could boost our FY20 earnings forecast by 15% and bump up our TP to MYR1.24.

威铖国际集团执行主席 拿督马金龙 DATUK BEH KIM LING

威铖国际集团于1982年创办于马来西亚，几年后发展平台伸展至印尼、新加坡、香港，继而于1997年在中国深圳、珠海、青岛等多个地区建立多家子公司和生产项目，员工总人数逾1万余人，于2002年2月在香港联合交易所主板挂牌上市。

该集团的营业是集模具设计与制造、生产注塑产品和电子装配产品为一体，是一站式综合制造型企业。目前，威铖集团生产范围从普通电子产品已逐步扩大到多媒体电子和高科技通讯产品。

该集团执行主席马金龙表示，多年来无论是技术、业务，还是管理、服务，他们皆秉承着“客户至上，质量第一；群策群力，精益求精”的宗旨和理念，在全球开拓合作伙伴和客户群体。

自力更生创大业

马金龙是白手起家的企业家，荣获马来西亚企业家奖、珠海荣誉市民、夏威夷檀香山大学颁予工商管理名誉哲学博士（PhD）学位等多个殊荣。

他青年时期到新加坡做工，21岁即于新加坡创立VS Industry Pte Ltd，专门制造卡式录音带及录像带零件。1982年他与太太拿汀颜秀贞DATIN GAN CHU CHENG联手将VS Industry Pte Ltd的全部业务营运由新加坡迁往马来西亚新山，并在新山设立VS Industry Berhad（VS有限公司）。凭借在新加坡及马来西亚之塑胶注塑模具制造业务上获得的丰富经验，他于1997年在中国创立威铖国际集团。现时，他专注于威铖国际集团之业务发展及制订整体业务策略。

他表示，1995年他已有计划要前往中国投资，但，前提是必须先整顿好该集团在马来西亚的业务，及于1997年之前在大马股票交易所上市，以筹措资金。

威铖国际集团于1997年，成功在深圳开设第一家工厂，可是却不幸遇上亚洲金融风暴，导致第一笔资金贬值，令公司陷入困境。

马金龙以不认输的坚定态度将该集团撑到1999年后，当全球市场开始恢复活力时，该公司的业绩也趁势而起，成长速度飞快，进而出现生产空间不足的窘境。

珠海奠定企业王国

马金龙指出，该集团的经营目标是满足顾客的需求，赚取利润，发展公司，服务社会。他当时已看好中国的发展潜能和商机，这也激发他要以行动实现设立“一站式”综合型企业的目标。他毅然投下重金在珠海威士茂工业园购置100英亩土地，开拓他的企业王国。现在看来，他当年大胆决策是正确的，珠海威士茂通过一站式的制造服务与完善的物流系统，为客户提供供应链一体化解决方案，双方提升竞争力，赢得全球客户，市场份额迅速提高。

公司开发、生产多种高科技产品，发展了多个世界500强新客户，公司在全体员工团结奋斗，战胜困难，不断提高产品质量，加强管理，降低成本，使公司年销售额平均高达2亿7千万美元（约11亿令吉），生产合格率99％以上，准时交货率100％，各重点客户稳定，公司进入快速持续发展时期。

多元经营创新路

根据市场需求的不断变化，不断的调整公司的产品结构，产业结构，走多元化经营是必然选择。因此，马金龙适时决策，从2000年开始，陆续的进入第一产业和第三产业。第一产业先后在印尼和中国进入采矿业和种植业；第三产业是在中国进入酒店服务业。现在在中国深圳、珠海和沈阳分别开设了两个四星级和一个五星级商务酒店，客房和餐饮都生意兴隆，大有再布局开发新地区，新地点之势。

公司名称：
威铖国际集团有限公司

公司分类：
制造业

公司业务：
生产及销售塑胶模制产品及零件、装配电子产品、模具设计及制模

上市日期：
2002年2月8日，香港上市

威铖集团的优势：
超过35年行业经验，拥有一支具有丰富的国际化企业运营和管理经验的领导团队；
集注塑、电子装配和模具纵向合并为一体的一站式服务；
具备从设计、工程服务到生产制造、物流配送一条龙的供应链管理；
拥有近港口、机场便捷的运输网络；
为雇员提供一个温馨舒适的居住和工作环境。

资料来源： 马来西亚-广东投资促进总商会（MGCIP）

必胜/BisselL品牌背景 #VS 的新顾客

必胜/BisselL品牌，于1876年诞生于美国，是主要定位于吸尘器、蒸汽拖把、配件等的研究生产和销售于一体的公司。
必胜的目标是协助改善家居清洁的方式,让家居一尘不染，绝灭细菌病原。自1876年起，我们经年累月研发各种清洁工具如地毯扫把机与清洁配方，保持生活环境逹最高水平。

Bissell夫妇 • 19世纪中 - Anna 和Melville Bissell夫妇于美国密西根州激流市 (Grand Rapids, Michigan, USA) 经营一间陶器店铺。Melville是一位机械爱好者，因要清除地毯中的锯木屑，他成功设计与制成了第一台地毯扫把机。1876年 - 必胜地毯扫把机获得专利。
客户与朋友开始查询，希望都卖一部必胜地毯扫把机。1883年 – Melville Bissell于密西根州激流市兴建了第一间必胜工厂。1889年 - Melville Bissell不幸去逝，Anna Bissell接手管理公司，成为美国第一位女行政总裁。必胜工厂 • 19世纪后期 - 在Anna进取与创新的管理下，必胜业务迅速扩展至整个北美与欧洲。
英国维多利亚女王坚持每个星期都使用必胜产品清洁他的宫殿。1956年 - 必胜研制了全新的地毯洗器，从始洗刷地毯不再有粗活。1960年代末 - 必胜研制了吸刷两用的吸尘机，干粉洗刷器与双刷扫把机，用于不同类型的地或者平面，照料周详。1979年 - 必胜研制了首台深层清洁机，清洁地毯变得有如玩儿魔术般神奇。
1980年底 - 必胜研制了首台无需要接驳水龙头的深层清洁机，从始清洗地毯变得轻松自在又有效。1990年代 - 必胜首台直卧式吸尘机 "PowerGroom"面世,机如其名,具有超级吸力。2000年代 - 我们发现公司全部员工都喜爱宠物(其中七成更有养殖宠物)。为了鼓励更多人关爱小动物,我们开始和Petfinder.com合作，展开收养宠物大行动。
2005年,必胜研发了"SpotBot"手提式深层清洁机，专为清洁因宠物导致的污垢，深受宠物主人欢迎。在Bissell家族成员Cathy Bissell的领导下，我们不遗余力筹款支持美国各宠物公益机构。2011年 - Cathy Bissell更加成立必胜宠物慈善机金会，把售买必胜宠物清洁机所得的收益拨入机金用处，造福美国被违弃或者受虐待的小动物。
自成立以来，机金会已经捐赠了超过50万美元予美国43个州合共375家宠物慈善机构。我们希望每年筹得25万美元支持活动，除了帮助小动物找到他们的家，亦可以让客户知道选用适合的清洁机可令饲养宠物成为赏心乐事。时至今日，必胜这一家家族拥有的行业仍热心致力协助你更有效及容易地清洁家居，使你能尽享家居生活，总的来说，无论那团糟是小孩子的食物，红酒,泥泞，朱古力或者宠物的污垢，我们都能帮你瞬间清除。
健康家庭，必胜做得到!