VS Industry Bhd's net profit for the first quarter ended Oct 31, 2022 jumped 54% to RM60.71 million from RM39.39 million a year earlier, due mainly to higher sales orders from existing key customers.
Between Feb 23 and 28, the Employees Provident Fund (EPF) mopped up 11.06 million shares in VS Industry Bhd, nudging up its shareholding in the integrated electronics manufacturing services provider to 247.45 million shares, or a 6.43% stake.
The EPF surfaced as a substantial shareholder in VS Industry in early August last year with 191.84 million shares, or a 5.01% stake, and has been consistently acquiring blocks of the company’s shares.
VS Industry’s stock hit a 52-week low of 79 sen apiece on Nov 10 last year, but rebounded close to 30% to the RM1 band in mid-February. Since then, VS Industry’s shares have tapered off, to close last Wednesday at 86 sen, for a market value of RM3.31 billion.
VS today 30/3 @12.00 noon, short-selling stood 1023('00) units, they kept throwing to the buyers @ 0.805, how to rise? 0.825 is only 100 units which is regarded is FAKE breakout. in the afternoon session, shorties will beat down the price to maybe 0.795 for mother shares and warrants at 0.004?!
there is only two reasons EPF keep buying in this stock. 1. There is strong reason to believe the stock is undervalued. 2. EPF is generally averaging down waiting for it to bounce back
Either way, both reasons requires trust in the company. they are not cutting loss thats for sure. And with EPF being so strapped now, i believe they did their best to catch the best stocks.
VS keep on buy back include the director oso lorrr they never push up and just follow the share holders interest so .... what is in our mind !! quater will come out about 2 weeks right they are fishing big fish from us lorrr
Since april to the date we can see KWAP @ EPF @ Directors/Share holders then Follow by Company buy back the share alots ... what is the signal ?!? what i can say the dividen will be more from b4
Normally the Major share holder having the monthly reports which they know well what is the expected result 4 this coming qr ..... tt is only my basis !!! GOOD LUCK
about 15% yearly dividen given by the company even during this hard time " “With that, consumer sentiments should improve and we expect potential uptick in demand for the quarter ahead. We are also busy with some new product models that our customers will be launching soon. All in all, the Board opines the financial performance for the remaining quarter to be satisfactory barring unforeseen circumstances,” he added. hope more dividen 4 share holder on this coming qr and annum VS IS COMING BACK RM1 ++ sooner or later Good luck to alls
fruitcake, don't take this report seriously. 2023 will be slow year for industry . How about forward looking earning , report never say. this is a article for reading only.
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Posted by kl_guy > 2022-12-12 21:08 | Report Abuse
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