Posted by ray1980 > 2019-06-25 19:06 | Report Abuse

I think Malaysia and other countries can't get more benefit from US-China issues.“因为世界各国的经济增长已经持续衰退中,连带人们的“购买力”也一样下降了”That mean the factory in the world no need more product big volume goods already.这样的话已经不是 transfer order 的问题了!Our BNM president and famous economist have told this point to Malaysia government and people already.

Posted by goodiewilly > 2019-06-25 19:11 | Report Abuse

http://www.enanyang.my/?p=1247240
VS is best performers as compared to ATA n SKPRESOURCES, its price should at least match with SKP at 1.30..and then chase up to ATA to 1.75

Posted by birkincollector > 2019-06-25 19:36 | Report Abuse

err.....can not compare price like tat la...also depends on how many shares each company issued....investment 101

Posted by ray1980 > 2019-06-25 19:47 | Report Abuse

We need study and analysis the Qr report(+old Qr),can't reading like news only.Local paper media like writing “表面”和“好的一面”而已!小心...

Posted by Investor 999 > 2019-06-25 20:11 | Report Abuse

Skp and Ata are trading at PE of 16-17. What is the fair price if VS is to trade at PE of 16-17?

Posted by geary > 2019-06-25 20:15 | Report Abuse

Nowadays most companies don't indicate par value anymore... probably in BURSA still have. Dividend don't pay in percentage of par value. So many younger generation like to trade... Algorithms traders...share price can drop 50% in very short period of time...and the opposite can happen anyway...more supply the better n there must be the demand.
Overall... VS is the leader in OEM industry... supply is good...demand also good. Earnings can move Price, plus demand, news, fund support n important...most important is liquidity inflow...so interest rates play a major part of it. Other markets news also have certain influence on certain business. Look at the macro...GDP growth, geopolitical factors, and the worst is financial crisis or default of country bonds. Aiyah not easy lah... keep on learning...TQ.

Posted by unclelimhuat > 2019-06-25 20:23 | Report Abuse

stay tuned!!!

Posted by Flyinghorse > 2019-06-25 20:26 | Report Abuse

Unclelimhuat huat huat huat huat

Posted by loonginv > 2019-06-25 20:34 | Report Abuse

sifu geary, mind to know your conclusion ? tq, kamsia

Posted by DAN84 > 2019-06-25 20:40 | Report Abuse

Still staying tuned since accumulated quite a few during the drop. :)

Posted by geary > 2019-06-25 20:44 | Report Abuse

Hahaha...I am still considering to add on weakness... because I think trade war will benefit OEM...but I don't think it will be a full blown trade war...only certain products are affected... probably high technology sectors. You already knew this Trump can benefit or destroy your Investing appetite or thesis...but what did he said to Mr. Powell... that's is very big indicator... interest rates wise... will down/neutral...what do you think...very big chance...looking at US GDP... hehehe...!!!

Posted by ccy123 > 2019-06-25 20:47 | Report Abuse

making profit in Indonesia this Q3, hopefully continues Q4

Posted by ccy123 > 2019-06-25 20:48 | Report Abuse

China factory utilisation rate dropping, the only bad news

Posted by goodiewilly > 2019-06-25 20:59 | Report Abuse

http://www.theedgemarkets.com/article/vs-industry-3q-net-profit-43-proposes-08-sen-dividend?type=malaysia

Posted by Surewind > 2019-06-25 21:05 | Report Abuse

China segment
China segment recorded a lower revenue for the current quarter and cumulative quarters
as a result of lower sales orders completed. Operations in China were loss-making for the
current quarter and cumulative quarters in the absence of large sales orders which resulted
in lack of economies of scale as the facilities remained under-utilized.

The Group’s operations in China remains difficult. Performance has been and continues
to be impinged by rising cost and competition with export sales to the US affected by the
trade war while local customers in China are holding back orders due to economic
uncertainties. The issue of under-utilization of capacity is expected to prevail. As countermeasures, management continues to be streamlining operations to improve its positioning
and operational flexibility.

As long as i can remember for at least 1.5 years, China operation never made much profit but growing loses.

Posted by goodiewilly > 2019-06-25 21:12 | Report Abuse

If they dispose the land and property, believed will give them a huge capital gain..

Posted by unclelimhuat > 2019-06-25 21:37 | Report Abuse

DAN84 bro, stay tuned!!!

Posted by Patrick13 > 2019-06-25 21:57 | Report Abuse

So far so good. VS is doing well at this current challenging environment. Hope VS can grab more new MNC contracts and further improve overseas business.

Posted by unclelimhuat > 2019-06-25 22:09 | Report Abuse

VS Industry reports 43% jump in Q3 net profit

KUALA LUMPUR: Electronics manufacturing services firm VS Industry Bhd said net profit in the third quarter ended April 30 jumped, as stronger performance by its operations in Malaysia offset weak contributions from overseas.

The company said it is working hard to win new orders from multinational corporations (MNCs) looking to relocate their manufacturing base to Malaysia amid ongoing trade tensions between China and the US.

"Our business development taskforce continues to engage with prospective customers to negotiate terms while pursuing various sales leads arising from the trade diversion," managing director Datuk S.Y. Gan said in a statement today.

"Timing is opportune as we have ready production facility space to take up new businesses," he said.

For the quarter just ended, VS Industry said net profit surged 43% to RM31.38mil, or 1.74 sen a share compared with RM21.92mil made a year ago.

Revenue improved 1% to RM889.7mil.

The company has declared a third interim payout of 0.8 sen a share.

"Our operations in Malaysia posted its best-ever nine months' revenue and profit before tax, which were boosted by higher sales orders, more optimal production lines, and the absence of new lines set-up costs incurred a year ago,” Gan said.

Nine-month earnings improved to RM109mil, or 6.16 sen a share on revenue of RM3.07bil. The group's operation in Malaysia generated slightly more than 80% of its revenue.

"Looking ahead, we firmly believe Malaysia is one of the key beneficiaries of the on-going US-China trade war as many MNC brand owners are relocating their manufacturing base from China to Southeast Asia,” Gan said.

Posted by unclelimhuat > 2019-06-25 22:11 | Report Abuse

[VS] Interim Dividend on 25-Jun-2019
Stock [VS]: V.S INDUSTRY BHD
Announcement Date 25-Jun-2019
Financial Year 31-Jul-2019
Subject Interim Dividend
Type Dividend - Normal or Special
Description Third Interim dividend of 0.8 sen per share
Amount RM 0.008
Ex Date 15-Jul-2019
Entitlement Date 16-Jul-2019
Payment Date 31-Jul-2019

Posted by geary > 2019-06-25 22:12 | Report Abuse

MNC contract extension n new one is the one the management hinted quite some times ago...The crucial one is its China operations efficiency... probably within some dark clouds...as I said not full blown trade war...VS can collaborate with china OEM or their MNC to do better in future...we never know...I think VS won't give up on China operations. Good luck everyone...!!!

Posted by sensonic > 2019-06-25 22:17 | Report Abuse

CHASE VS TOMORROW??

Posted by whalehere > 2019-06-25 22:59 | Report Abuse

Main pts:
1) VS’s performance this quarter EXCEEDED the expectations of the management, which warned it to be gloomy since the last plunge of VS from RM1.5 to 70sen. Read the news for exact number.

2) VS’s management team: still very solid to me. Proven themselves to be capable of finding ways to optimize operations to improve profitability amidst negative outlook.

3) New contracts coming, reiterated over and over. US China ongoing trade war is the main catalyst here. I think the order book will increase by a few hundred million after everything said and done.

4) China operations slowing, other regions looking better- at least for this quarter. VS management smart enough to know they have to keep trying in China despite the uncertainty.

I think 2020 will be a better year for VS.

Posted by unclelimhuat > 2019-06-26 07:29 | Report Abuse

awesome whalehere bro!! tats y i said year end 1.6x++, 2020 looking forward rm2

Posted by unclelimhuat > 2019-06-26 07:30 | Report Abuse

count down for less than 10 days!!! stay tuned!!!

Posted by Skyway > 2019-06-26 07:36 | Report Abuse

MNC contract extension n new one is the one the management hinted quite some times ago...The crucial one is its China operations efficiency... probably within some dark clouds...as I said not full blown trade war...VS can collaborate with china OEM or their MNC to do better in future...we never know...I think VS won't give up on China operations. Good luck everyone...!!!

Sifu, just for your input.
VS is moving out from China operation.
Dr. is planning back to Malaysia since year ago.
Some new personal bussiness is carry out in Malaysia to pack and sell China product.
All of Malaysian and Taiwanese Specialist in VS China some even worked there since VS China started already been retrenched.
As I understood from them, now only maintained 1 factory operated in Zhuhai, seem it will going to end very soon.
Trade war maybe help to push VS leaving faster, as it is a burden for the group now.

Posted by saintambrose > 2019-06-26 07:58 | Report Abuse

Why still 10 more days? Not today meh

Posted by huatchye > 2019-06-26 08:35 | Report Abuse

Skyway,

"All of Malaysian and Taiwanese Specialist in VS China some even worked there since VS China started already been retrenched. "

Retrenched because VS wants to localize its staffs which is cheaper compare to expensive expats. Retrenchment doesn't mean bad business but it's a move for cost savings.

Posted by Flyinghorse > 2019-06-26 09:04 | Report Abuse

Wow....1st placing in top volume. Now at 1.160

Posted by ccy123 > 2019-06-26 09:08 | Report Abuse

Stay tuned. New contract coming

Posted by unclelimhuat > 2019-06-26 09:16 | Report Abuse

stay tuned!!! more to come!!!

Posted by Vincent Soh > 2019-06-26 09:29 | Report Abuse

come fast go fast

Posted by unclelimhuat > 2019-06-26 09:29 | Report Abuse

yeah bought more today!!! stay tuned!!!

Posted by Flyinghorse > 2019-06-26 09:31 | Report Abuse

1.130 leo......

Posted by Skyway > 2019-06-26 09:34 | Report Abuse

Retrenched because VS wants to localize its staffs which is cheaper compare to expensive expats. Retrenchment doesn't mean bad business but it's a move for cost savings.

Yes, maybe you are right too.
But when consider back, Dr. willing to release the people who follow him more than 30 years, it definately not his characteristic.
The fact is the China operation is slim down sharply as you can compare what is the factory size its operators for the previous 2 years.
Cost down is a good and practice in manufacturing, but when it turn revenue also reduced very much what is the meaning?
VS not sure will totally move out from China or not, but the fact is getting small now and unlikely to extend in future.

Thank you.

Posted by Flyinghorse > 2019-06-26 09:44 | Report Abuse

Quite impossible to touch 1.200. Most probably today closing will be 1.140

Posted by goodiewilly > 2019-06-26 09:49 | Report Abuse

I key 1.17 and 1.18 to sell, never hit mine...now drop back 1.13, I add some more..follow unclelimhuat

Posted by Leonardo1134 > 2019-06-26 09:52 | Report Abuse

Today profit taking, will further fly if good news release

Posted by goodiewilly > 2019-06-26 09:53 | Report Abuse

This is a joke..once news, even though good news, it's just drop back...trap people only

Posted by Skyway > 2019-06-26 09:56 | Report Abuse

I key 1.17 and 1.18 to sell, never hit mine...now drop back 1.13, I add some more..follow unclelimhuat

if the transaction volume still high, no worry.
But if less transaction, then....

Posted by unclelimhuat > 2019-06-26 09:58 | Report Abuse

bought more again!!! stay tuned!!!

Posted by ray1980 > 2019-06-26 10:00 | Report Abuse

My comments is real true,see how the price now.Don't read the paper media news write the good only.Go high(reading paper news) then go flat(people got deep research) already.

Posted by Hotstuff > 2019-06-26 10:10 | Report Abuse

The whole market buying mood is low. Once the mood kicks in the price will move higher. Why so impatient?

Posted by amet2017 > 2019-06-26 10:17 | Report Abuse

wow who bought 1.17 this morning..now already 1.12

Posted by KAQ4468 > 2019-06-26 10:18 | Report Abuse

apa Nye amettttt


ini VS apa bikin ???

Posted by amet2017 > 2019-06-26 10:18 | Report Abuse

buyers q getting lesser, sellers piling up

Posted by goreng_kaki > 2019-06-26 10:22 | Report Abuse

SHOW END, 1.17 DUMP TO 1.12

Posted by Hotstuff > 2019-06-26 10:34 | Report Abuse

lol...0.98 you don't buy 1.17 you all in

Posted by smartinvestorbuffet > 2019-06-26 10:40 | Report Abuse

Boring...All in your money into this stock https://klse.i3investor.com/blogs/investsmartway/212355.jsp

Posted by unclelimhuat > 2019-06-26 11:12 | Report Abuse

VS Industry Berhad - As Expected
Date: 26/06/2019

Source : PUBLIC BANK
Stock : VS Price Target : 1.26 | Price Call : BUY
Last Price : 1.12 | Upside/Downside : +0.14 (12.50%)

Back

The Group reported a sequentially weaker net profit of RM31.4m (-17.3% QoQ) for 3QFY19, though largely within expectations as a reduction in demand had already been anticipated. Cumulative net profit of RM109.1m (+0.1% YoY) for 9MFY19, excluding a net foreign exchange gain of RM7.1m, is in line with our and consensus numbers at 77% of full-year numbers. FY20 will be lifted by recently secured work orders from Bissell, with a number of other new clients also reportedly on the cards. Our Trading Buy call is retained in anticipation of further contract wins in the coming months. Target price is raised to RM1.26 (RM1.10 previously) on a 17x multiple to FY20 EPS of 7.4sen, underpinned by a 2-year (2019 to 2021) CAGR of 22.5%. Separately, the Group declared a third interim dividend of 0.8sen for the quarter, bringing financial year-to-date payout to 2.8sen.

Revenue of RM889.7m for 3QFY19, down 9.5% QoQ, is reflective of a reduction in orders from a certain key customer in its Malaysian operations which had been previously communicated. Cumulatively however, 9MFY19 saw the highest revenue for the Malaysian operations as it benefited from higher orders from other customers. Malaysia continues to underpin growth, making up the lion’s share of Group revenue at 84%, with Indonesia and China still struggling to find their footing. Mass production for Bissell is on track to commence by 2QFY20, providing another lift to numbers with the estimated contract size ranging between RM500m and RM1bn annually.
Net profit of RM31.4m for 3QFY19 saw a more pronounced +43.1% YoY jump largely due to the absence of set-up costs for new lines that were incurred in the corresponding period last year. The 17.3% QoQ drop was a result of weaker revenue, reasons of which are mentioned above, as well as widening losses in its China operations, now made worse by further output reductions as a result of the US-China trade tiff. Cumulative 9MFY19 pretax losses in China are now RM33.6m due to significant plant under-utilization, weighing heavily on its overall profitability, and which may extend for another quarter or two.
Current developments. The Group continues to pursue opportunities arising from trade diversions out of China, with many multi-national company (MNC) brand owners actively looking to re-locate operations to the ASEAN region. While management remains tight-lipped on progress of these talks, we reckon one or two could be close to signing on. Estimated annual contract sizes could average between RM200m and RM300m. Capacity is of no question as the Group has readily-available production facilities to cater for potential new businesses, and a healthy cash pile to fund necessary capital expenditures.
Source: PublicInvest Research - 26 Jun 2019