09-Dec-2021 Insider DATIN LING SOK MOOI (a substantial shareholder) acquired 500,000 shares on 09-Dec-2021. 09-Dec-2021 Insider DATUK GAN SEM YAM (a substantial shareholder) acquired 500,000 shares on 09-Dec-2021. 09-Dec-2021 Insider DATUK GAN SEM YAM (a company director) acquired 500,000 shares at 1.234 on 09-Dec-2021. 08-Dec-2021 Insider Notice of ceasing to be substantial holder - EMPLOYEES PROVIDENT FUND BOARD on 02-Dec-2021. 08-Dec-2021 Insider DATUK BEH KIM LING (a substantial shareholder) acquired 400,000 shares on 08-Dec-2021. 08-Dec-2021 Insider DATUK BEH KIM LING (a company director) acquired 400,000 shares at 1.280 on 08-Dec-2021.
10-Dec-2021 Insider DATUK GAN SEM YAM (a substantial shareholder) acquired 300,000 shares on 10-Dec-2021. 10-Dec-2021 Insider DATIN LING SOK MOOI (a substantial shareholder) acquired 300,000 shares on 10-Dec-2021. 10-Dec-2021 Insider DATUK GAN SEM YAM (a company director) acquired 300,000 shares at 1.240 on 10-Dec-2021.
Andy hall wont let malaysis ems settle so easy with simply a few words , they must spend huge money like top glove to build 3 stars accomodation first in order to talk further !
For the current quarter under review, the Group recorded a revenue of RM968.0 million, a decrease of RM19.1 million as compared to the previous year corresponding quarter largely due to lower contribution from the operations in Malaysia. Profit before tax was lower at RM50.3 million, a decline of RM38.2 million over the same period. The performance was affected by lower orders for Printed Circuit Board Assembly (“PCBA”) from key customers during the current quarter, coupled with disruption in component supply. The impact was partially offset by production of box-built for a new customer.
Malaysian segment posted a marginal decrease in revenue of RM18.9 million in the current quarter by comparison to previous year corresponding quarter due to lower PCBA orders. Meanwhile, profit before tax dropped by RM41.7 million over the preceding year corresponding quarter, affected by a combination of factors that included increase in labour and raw materials costs, higher depreciation from new facilities, setup costs for the Industrial Vaccination Centre (PPVIN) under the PIKAS initiative at one of the VS factories and the vaccination cost for the entire workforce. Mass production for a new key customer has commenced during the quarter under review but has yet to achieve optimal level. This, along with disruptions to supply chain, had led to lower operational efficiency.
China segment registered a lower revenue for the current quarter as operations remained under-utilised in the absence of large orders, given the highly challenging operating landscape in China. Operating loss, however, continued to narrow with lower expenses incurred following a series of streamlining initiatives.
On a brighter note, he said overall demand by customers would likely remain robust and was expected to sustain in the coming quarters.
"The group is also currently in advanced discussion with key customers on potential new orders, which if materialise, will contribute to future earnings."
He said its business development team would continue to receive enquiries from prospective multinational corporation customers and are following up on some shortlisted names.
haven't gone thru the report, but from a glance, with full mco during the quarter, setup costs of the new factory, the revenue increase is a surprise. Looks like the new orders are being produced from the new factory is contributing, upcoming qrs should be much better..
strong price accumulation as upcoming qr will see much better earning after analyst briefing done. expecting price to shoot above RM 1.50 soon as new facility will contribute a lot, also ATAIM order may move all to VS, which easy contribute 500m-1 bil per qr, looking at ATAIMS one qr revenue is about 800m-1 bil.
KUALA LUMPUR (Dec 17): Earnings forecasts for VS Industry Bhd were lowered after its net profit for the first quarter ended Oct 31, 2021 (1QFY22) failed to meet analysts' expectations.
Affin Hwang Investment Bank research analyst Tan Jianyuan in a note on Friday (Dec 17) said that VS Industry's 1QFY22 core profit, which fell 43% quarter-on-quarter or 47% year-on-year to RM35 million, was a miss, comprising only 12% and 10% of his and the consensus estimates for the financial year ending July 31, 2022 (FY22).
“We cut our FY22 earnings forecast by 8% to RM284 million to reflect the weak 1QFY22 margin. [But] we expect stronger subsequent quarters on improving factory utilisation and operational leverage,” he said.
He also noted that his earnings forecasts of RM320.4 million for FY23 and RM362.4 million for FY24 are below the consensus as he earlier factored in higher compliance cost in relation to the company's migrant worker welfare as well as less bullish contract win assumptions.
He reiterated his "sell" call on VS Industry and revised down his target price (TP) to 98 sen from RM1.03.
all this morning bank research are not latest update, those based on yesterday result. this morning they have a new analyst briefing on future prospect... after listen... all big buy up.. can see from price movement.. haha
Some contracts from ATA moved to VS, expect additional 1B revenue:
Customer X and US customer. Strong outlook from Customer X with order diversion from another contract manufacture following the recent labour issue. management expects to start production for the diverted 4 models in 3QFY22. With the availability of floor space following Victory’s exit, potentially there could be additional RM1bn revenue from the conversion of space. As for US Customer, VSI is currently running the production for 8 models and is expected to reach RM1.1bn revenue in FY22. Note that the margin contribution from US Customer is higher than Customer X. Furthermore, we understand that US Customer is the only one that is shielded from the component shortage as it mostly requires mechanical components.
VS Industry Bhd (ADD, tp:MYR1.94 ) - Robust order flows despite transient hiccups - 20/12
We came away from VSI’s recent analyst briefing more positive on its prospects, buoyed by a strong order flow outlook from key customers. VSI has secured new models from its existing key customer and is still on track to ramp up production for newer customers. Reiterate Add with a higher TP of RM1.94 (19x CY23F P/E).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Investeye
2,347 posts
Posted by Investeye > 2021-12-09 14:58 | Report Abuse
Great, hopefully EPF do not pull down the price again !