Posted by mikebill > 2019-03-01 15:07 | Report Abuse

No deal for Trump-Kim meeting, likely there is deal for Trump-Xi meeting. President Trump needs good score card for his coming 2020 election. Apparently most of the cases involve Trump do not have good scores.

Posted by goodiewilly > 2019-03-01 15:11 | Report Abuse

i key in to buy back again 100K ..see next week gain

Posted by coolmo > 2019-03-01 15:45 | Report Abuse

last call for 1.0x ?

Posted by mikebill > 2019-03-01 15:50 | Report Abuse

Yes, I just got another 100K

Posted by mikebill > 2019-03-01 15:53 | Report Abuse

Probably the announcement be made at closing

Posted by jiayou > 2019-03-01 16:34 | Report Abuse

FYI

《盈警響號》威鋮國際(01002.HK)預警中績轉虧2,500萬人民幣
http://www.aastocks.com/tc/stocks/news/aafn-news/NOW.926038/1

Posted by mikebill > 2019-03-01 16:45 | Report Abuse

unclelimhuat, why VS Malaysia counter moving up, But VS China not moving? If Trump-Xi meeting strikes a deal, VS China should benefit. Right?

Posted by mikebill > 2019-03-01 16:47 | Report Abuse

@jiayou Bcoz of US-China trade war?

Posted by v1vin > 2019-03-01 17:06 | Report Abuse

aiyo why dont close 1.10 haha

Posted by yxteo2 > 2019-03-01 17:14 | Report Abuse

Those who didnt buy today really missed the boat. Stay tune on Monday news ya

Posted by goodiewilly > 2019-03-01 17:35 | Report Abuse

yaya ..luckily i bought back 100K today..Monday to sell at 1.25..hahaha

Posted by DAN84 > 2019-03-01 17:35 | Report Abuse

Yeahh. Announcement out d. Signing of Master Supply Agreement between Guardian South East Asia Pte Ltd! Huat ahhh!!

Posted by goodiewilly > 2019-03-01 17:36 | Report Abuse

盈警響號》威鋮國際(01002.HK)預警中績轉虧2,500萬人民幣 sap sap water loss...not much impact

Posted by unclelimhuat > 2019-03-01 17:39 | Report Abuse

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.

Posted by unclelimhuat > 2019-03-01 17:41 | Report Abuse

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.

Posted by goodiewilly > 2019-03-01 17:54 | Report Abuse

Appreciate so much of Unclelimhuat sharing.
my personal view: The Agreement does not specify contract volumes and amounts. 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.

Why not they state that their estimation is RMx billions and occupy xxx,xxx sf of production capacity etc..bigger than Dxxxx capacity. ..hahaha i know its not possible.

Monday see at TP 1.30 as told by unclelimhuat

Posted by Hotstuff > 2019-03-01 18:20 | Report Abuse

my C63 is on the way. place deposit next week!

Posted by goodiewilly > 2019-03-01 18:36 | Report Abuse

l love you, unclelimhuat..i know your meaning...thanks...having a nice and enjoyable happy weekend

Posted by Tan Chow Giat > 2019-03-01 18:52 | Report Abuse

Tq Unclelimhuat

Posted by goreng_kaki > 2019-03-01 20:39 | Report Abuse

BISSELL?? tak pernah tengar dulu

Posted by goodiewilly > 2019-03-01 20:47 | Report Abuse

Bissell Inc., also known as Bissell Homecare, is a privately owned vacuum cleaner and floor care product manufacturing corporation headquartered in Walker, Michigan in Greater Grand Rapids. The company is the number one manufacturer of floor care products in North America in terms of sales, with 20% marketshare. Wikipedia
Founder: Melville Reuben Bissell
Founded: 1876
Number of employees: 2,500
Headquarters: Walker, Michigan, United States
Parent organization: BISSELL Homecare, Inc.

Posted by goodiewilly > 2019-03-01 20:50 | Report Abuse

Genre Home Care
Founded 1876; 143 years ago
Founder Melville Bissell
Headquarters Walker, Michigan
Key people
Mark J. Bissell, President
Products Vacuum cleaners and other floorcare products
Revenue $ 800 Million USA (2017)
Number of employees
2,500
Website http://www.bissell.com/

Posted by goodiewilly > 2019-03-01 20:50 | Report Abuse

VS will get how much ?

Posted by goodiewilly > 2019-03-01 20:52 | Report Abuse

more to come lar, unclelimhuat, right ?

Posted by Surewind > 2019-03-01 21:19 | Report Abuse

https://www.theedgemarkets.com/article/vs-industry-secures-contract-manufacture-bissel-home-care-products

FY20

Posted by unclelimhuat > 2019-03-01 21:29 | Report Abuse

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.

Advertisement

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.

Posted by unclelimhuat > 2019-03-01 21:30 | Report Abuse

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

Posted by unclelimhuat > 2019-03-01 21:32 | Report Abuse

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。

Posted by Patrick13 > 2019-03-01 22:49 | Report Abuse

Impossible to disclose because this is P&C information. Otherwise SKP Resources come to offer more competitive pricing agreement to BITCBV,...

goodiewilly Appreciate so much of Unclelimhuat sharing.
my personal view: The Agreement does not specify contract volumes and amounts. 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.

Why not they state that their estimation is RMx billions and occupy xxx,xxx sf of production capacity etc..bigger than Dxxxx capacity. ..hahaha i know its not possible.

Posted by geary > 2019-03-01 23:02 | Report Abuse

Hahaha...One of the greatest show on planet earth just begins... hehehe...!!!

Posted by Ww1234wW > 2019-03-01 23:08 | Report Abuse

Next week limit up?

Posted by unclelimhuat > 2019-03-01 23:16 | Report Abuse

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

Posted by loonginv > 2019-03-01 23:35 | Report Abuse

"Although prospects in second half of financial year 2019 are expected to dampen due to expectations of declining order flow from a key customer for its Malaysian segment, VSI is currently in serious talks with more than five prospective MNC customers to secure new orders that would fill up the excess capacity."

Above copy from The Edge 2 month ago, now it's first order secured, could be more good news !! Huhu kiki

Posted by elvingan > 2019-03-02 02:03 | Report Abuse

next week rm1.50 coming....

Posted by Money122 > 2019-03-02 03:20 | Report Abuse

Order secured;this is reason that cause price go up!

Posted by Money122 > 2019-03-02 03:23 | Report Abuse

Yeah, limit up! I want top up more!!

Posted by Pyh96 > 2019-03-02 09:04 | Report Abuse

Sell on news...or hold

Posted by coolmo > 2019-03-02 09:31 | Report Abuse

buy the rumour, sell the fact.

Posted by Lappier811 > 2019-03-02 13:45 | Report Abuse

Philip Morris?

Posted by unclelimhuat > 2019-03-02 14:26 | Report Abuse

Oops

Posted by Hotstuff > 2019-03-02 14:39 | Report Abuse

short term trader can't win big money. that's the fact

Posted by Hotstuff > 2019-03-02 14:45 | Report Abuse

I hold 200k at 0.85 average. 48k profit on paper. But I'm greedy, i am looking at TP rm2.00 to hit 230k profit.

Posted by Johnny Ting > 2019-03-02 16:13 | Report Abuse

next monday limit up

Posted by mikebill > 2019-03-02 16:23 | Report Abuse

Going to be quite sometime to hit your target. 12 months? Provided if things go well.

Posted by yxteo2 > 2019-03-02 16:30 | Report Abuse

Take my words Monday VS RM 1.60

Posted by amet2017 > 2019-03-02 16:50 | Report Abuse

bro you are high aa? Limit up price oni RM 1.42.

Posted by slts > 2019-03-02 16:50 | Report Abuse

mon close 1.2x , i m happy already

Posted by Simple man > 2019-03-02 17:20 | Report Abuse

strong support at 1.09. wait correction and collect more

Posted by unclelimhuat > 2019-03-02 17:31 | Report Abuse

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*

Posted by mikebill > 2019-03-02 17:59 | Report Abuse

US-China trade war resulted Bissell to buy insurance to shift their existing product models out of China. Due to non-exclusivity and if Trump strikes a deal with Xi, then certain models should remain in China. VSI should demonstrate their design ability and value-add to support Bissell in long term. Existing models will only show returns in 9 months, whereas new design will roll in 9~12 months. Immediate show in share price hikes quite difficult.