dun 4 la, next year 2.5 will do... hehe

key? keyless? Power start button hahaha

Secures Bissell As New Customer*
Analyst – Soong Wei Siang

*Comments:*
• *Positive on the announcement.* We view the new win as timely with the share price weakening significantly since the guidance on lower volumes from key customer earlier on.

• We understand that this opportunity arose from the ongoing China-US trade war. With VS in negotiation with other MNCs, we believe it will stand a good chance in securing more contract wins from a trade war diversion angle especially after making a strong statement by securing high profile customer in Bissell. In addition, the win would also reduce and diversify its dependence on key customers.

• From our past conversations with management, we believe that the existing key customer will have no qualms over VS manufacturing similar products for other customers and VS would have gotten the blessing from the said key customer.

• Considering VS’s expertise in manufacturing floorcare products, we think the lead time to ramp up the new production capacity will be reasonably short.

• 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.

Best regards,
*RHBRI*

Oops

wah!! limit up!! syok lo!! huat huat!!

市场广度在收盘前转向，上升股有486只、下跌股460只，另有329只无起落。

全日共有29亿股，值23亿5000万令吉成交。

主要上升股包括威铖（V.S. Industry Bhd），而国家能源（Tenaga Nasional Bhd）和马国民再保险（MNRB Holdings Bhd）为主要下跌股。

https://www.thestar.com.my/business/business-news/2019/03/01/vs-industry-bags-bissell-contract/

VS Industry secures contract to manufacture Bissel home care products
Tan Xue Ying
/
theedgemarkets.com

March 01, 2019 21:00 pm +08


-A+A
KUALA LUMPUR (March 1): VS Industry Bhd said it has signed an agreement with US-based Bissell International Trading Co BV, to manufacture home care products under the Bissell brand name, on a box-build basis.

According to VS Industry’s exchange filing today, the master supply agreement — signed between Bissell and VS Industry’s wholly-owned unit, Guardian Southeast Asia Pte Ltd — is for a three-year period beginning Feb 27, and may be automatically extended in one-year increments thereafter.

Under the agreement, Guardian will manufacture, assemble, package, label, test, and sell the products to Bissell.

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However, the purchase of the products from Guardian is on a non-exclusive basis, which means Bissell is free to engage other suppliers to provide product substitutes, it said.

No contract volume or amount was specified today, as Bissell will provide Guardian, on a monthly basis, the rolling forecast containing volume estimates of the products for the following six-month period.

The actual contract sum shall then be determined based on purchase orders placed over the duration of the agreement, read the filing.

“The board does not expect the agreement to have any material impact on earnings for the current financial year ending July 31, 2019 (FY19).

“However, the agreement would contribute positively towards the earnings of VS Industry from FY20 onwards,” it added.

Based in Michigan, US, Bissell is a family-owned home care solutions company founded in 1876. It is known for supplying households and businesses globally with home care products such as vacuum cleaners, carpet-cleaning machines, cleaning formulas, as well as pet grooming products.

Shares in VS Industry closed 10 sen or 9.55% higher at RM1.09 — its highest in 11 weeks — for a market capitalisation of RM1.97 billion. The counter saw a turnover of 78.29 million shares, making it the third most actively traded on the local bourse today.

VS
1.090
+0.095 (+9.55%)
OTHERS V.S. INDUSTRY BERHAD ("VSIB" OR THE "COMPANY") SIGNING OF MASTER SUPPLY AGREEMENT ("AGREEMENT") BETWEEN GUARDIAN SOUTH EAST ASIA PTE. LTD. ("GUARDIAN"), A WHOLLY-OWNED SUBSIDIARY OF VSIB AND BISSELL INTERNATIONAL TRADING COMPANY B.V. ("BITCBV")
V.S. INDUSTRY BERHAD

Type Announcement
Subject OTHERS
Description
V.S. INDUSTRY BERHAD ("VSIB" OR THE "COMPANY") SIGNING OF MASTER SUPPLY AGREEMENT ("AGREEMENT") BETWEEN GUARDIAN SOUTH EAST ASIA PTE. LTD. ("GUARDIAN"), A WHOLLY-OWNED SUBSIDIARY OF VSIB AND BISSELL INTERNATIONAL TRADING COMPANY B.V. ("BITCBV")
1. Introduction

The Board of Directors (“the Board”) of VSIB is pleased to announce that its wholly-owned subsidiary, Guardian has on 27 February 2019, entered into an Agreement with a new customer, BITCBV, to manufacture certain homecare products that bear the BISSELL brand (“Products”) on box-build basis.

Guardian and BITCBV is each referred to as the “Party” and collectively, the “Parties”.

2. Information on BITCBV

BITCBV is part of BISSELL, Inc., a family-owned innovative homecare solutions company based in Michigan, USA. Founded in 1876, the BISSELL brand is more than 140 years old, filled with rich history and heritage. Now in its fourth generation of family leadership, BISSELL, Inc. supplies households and businesses across the globe with a wide range of homecare products that include vacuums, sweepers, carpet-cleaning machines, steam and hard floor cleaners, cleaning formulas, as well as pet grooming and pet clean-up products.

Over the years, through continuous innovation and technological breakthrough, BISSELL is ranked one of the top-selling brands in homecare small appliances in the USA.

3. The Agreement

Guardian shall manufacture, assemble, package, label, test and exclusively sell the Products to BITCBV.

The purchase of Products from Guardian is on a non-exclusive basis, i.e. BITCBV reserves the right to engage other suppliers to provide substitutes for the Products.

The Agreement does not specify contract volumes and amounts. However, BITCBV shall on the 15th of each calendar month during the term of the Agreement, provides Guardian with an updated and revised rolling forecast containing volume estimates of Products for the following six (6) months period, and the actual contract sum shall be determined based on purchase orders placed over the duration of the Agreement.

The duration of the Agreement is for three (3) years commencing on 27 February 2019. Provided that neither Party is then in default, the Agreement shall be automatically extended in one (1) year increments after the initial term.

4. Financial Effects

The Board does not expect the Agreement to have any material impact on earnings for the current financial year ending 31 July 2019. However, the Agreement would contribute positively towards the earnings of VSIB from financial year ending 31 July 2020 onwards. The Agreement will have no effect on the issued capital of the Company.

5. Risk Factors

Risk factors affecting the Agreement include availability of skilled manpower and materials, changes in pricing, market demand volatility, competition, and foreign currency rates fluctuation. Notwithstanding the above, VSIB has a proven and established track record in undertaking electronics manufacturing services that would help mitigate such risks.

6. Approvals Required

The Agreement entered is in the ordinary course of business of VSIB. It does not require approval of the Company’s shareholders and/or any regulatory authorities.

7. Directors’ and Substantial Shareholders’ Interest

None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Agreement.

8. Directors’ Statement

Having considered all aspects of the Agreement, the Board is of the opinion that the Agreement is in the best interest of the Company.

VS Industry advances 9.5% to highest in 11 weeks
TheEdgeFri, Mar 01, 2019 - 1 hour ago

KUALA LUMPUR (March 1): VS Industry Bhd shares rose 9.5 percent, more than any full-day gain since Jan 10, while Malaysia's benchmark index declined.

Market Metrics

* Shares advanced to RM1.09, higher than any close since Dec 14, from RM1 in the previous session.

* Trading volume was more than double the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.5 percent, and the MSCI AC Asia Pacific Index rose 0.2 percent.

* The relative strength index on the stock was above 70, indicating it may be overbought.

Market Insights

* In the past year, the stock had a similar or greater gain once at the close.

* Shares are at a 11 percent premium to the analysts' consensus target price. The stock traded at an average 20 percent discount over the past year.

* Stock declined 54 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 8.7 percent.

my best friend in penang bought a lot Ambank, so confidence

pity SuperPanda....... cheer up

next year RM2.5 to RM3 !! hehehehehe

last time i said if dun grab 0.9x then no more 0.9x. Now, listen to me, last chance for you all to grab 1.0x, next week 1.1X !! stay tuned!!

May**** adjusted target price to RM1.3X, Pub*** adjusted target price to 1.4X, AM**** adjusted target price to 1.5X, stay tuned!!

357万令吉 in malaysia is not enough for early retirement if he/she has family with kids......

huathuat11, very very soon, count down stay tuned!

itstime, dun feel tired la, come to Penang & find me lim teh chit chat gossip

aeon got promotion? hehe

not bad

i just got a latest surprise news from my buddy whom working in Johor, besides existing few new plants, VS going to build additional new plant again!! wow!!

Simple man not 1.10, is 1.30!!

not only one, not only two new projects!! stay tuned!!

stingray funny guy, why you don't mention VS current price is 0.955 from 0.63? ppl oledi laughing all the way to the bank but you keep focusing on go deep into ppl mind. Really funny LOL

u will feel its power soon, hehe stay tuned!!

funny stingray came here act pro again, go deep into ppl mind. I am in the toilet now, please tell me what's in my mind?

funny stingray came here act pro again, go deep into ppl mind. I am in the toilet now, please tell me what's in my mind?

you all nid not to predict or worry or guess, within few weeks will be heading to rm1. 30. something happen stay tuned!

you all nid not to predict or worry or guess, within few weeks will be heading to rm1. 30. something happen stay tuned!

stay tuned ya brother and sister, heading to RM1.30, after pecah then moon moon is there

[VS] Change In Director's Shareholding - DATUK BEH KIM LING on 20-Feb-2019
Stock [VS]: V.S INDUSTRY BHD
Announcement Date 20-Feb-2019
Director's Particular:
Name DATUK BEH KIM LING
Details of Changes:
Currency -
Date of Change Type Number of Shares Price
18-Feb-2019 Acquired 55,200 0.935
Registered Name Beh Hwee Sze
Nature of Interest Indirect Interest
Consideration RM0.935
Nature of Interest Indirect Interest
Shares Ordinary share
Reason Acquisition by daughter
Consideration -
Total no of securities after change
Direct (units) 140,600,993
Direct (%) 7.79
Indirect (units) 191,945,974
Indirect (%) 10.63
Total (units) 332,546,967
Total (%) 18.42
Date of Notice 20-Feb-2019

Trading Bull Run

The Year of the Piglet scampered off to a brilliant start. I did expect the uptick to happen in the 1st 2 quarters of 2019, and it looks like there might be some steam left till end April at least.


http://malaysiafinance.blogspot.com/2019/01/stocks-for-2019-discussion.html


It is only natural for the small caps to outperform, but also thankfully most of the upswingers had the right stories as well. We have to be cognizant of the fact that many are just coming back from oversold territory as well.

The volatile MYEG and Prestariang have been well documented, and they are more likely to be still volatile according to their corporate newsflow. Hence traders should be more careful when trading these counters.

A sure sign that liquidity has returned was the ability of the market to move even Sapura. That is not an easy counter to move. There are no discernable themes for the moment. Earnings recovery and oversold good stocks would appear closest to what we can consider as themes.

Some of the other stocks that looked good from a trading perspective (in no particular order):

LAY HONG
CCK
BENELAC
VS
BAHVEST

count down!! coming soon!!

i oledi hint you all early..... stay tuned ya!

1.3 1st la bro~

ruslimz...

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？

0.9x last round of chance for you all to add position, after that no more below RM1~ stay tuned!

as mentioned few days ago, "rest" a while then UP mode

ya, his info is correct, famous household appliance maker!! RM1.3!! stay tuned!!

yes, got 12k dividend~ big big thanks to VS~ good company good boss good business everything good~

stay tuned ya~

dun worry, these few days will purposely "rest" a while, after that galloping horse!!

Change In Substantial Shareholder's Shareholding - DATIN GAN CHU CHENG on 15-Feb-2019
Stock [VS]: V.S INDUSTRY BHD
Announcement Date 15-Feb-2019
Substantial Shareholder's Particular:
Name DATIN GAN CHU CHENG
Details of Changes:
Currency -
Date of Change Type Number of Shares
13-Feb-2019 Acquired 200,000
Registered Name Gan Chu Cheng
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary share
Reason Acquisition
Total no of securities after change
Direct (units) 128,169,625
Direct (%) 7.10
Indirect (units) 204,322,142
Indirect (%) 11.32
Total (units) 332,491,767
Total (%) 18.42
Date of Notice 15-Feb-2019

go deep into ppl mind everyday~ aiyoyo funny la~ guess what's my mind now~ i am in the toilet now~ pls guess wat's in my mind~

then everyday keep promoting:

stingray(
100% Candlestick,simple,fast,high accuratecy
No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns.
No Indicator
No News
No FA / TA
Go deep into operator mind and read their steps
Go deep into retailer mind and read their steps after operator actions
)

oh my god damn funny

funny la you stingray, dun laugh die ppl here please, everyday posted selling detected since last week, but VS share price keep rising till 0.94 now~

i oledi mentioned, stay tuned!! 1.3

AhJee, need not wasting your time to read msg of stingray, too funny :)

0.9x too cheap to sell with fantastic announcements ahead! stay tuned!

RM1.3 stay tuned