VS (6963): Financial Annual Results (Unaudited)

Sept 24): VS Industry Bhd fourth quarter net profit surged 107% from the year before, due to a one-off gain of RM46.7 million arising from the partial disposal of its equity interest in a subsidiary and increased orders and a better product mix that helped improve utilisation rate.

Net profit for the three months ended July 31, 2024 (4QFY2024), rose to RM126.66 million from RM60.96 million in 4QFY2023, as revenue rose 5.6% to RM1.21 billion from RM1.15 million. Earnings per share rose to 3.28 sen from 1.58 sen, its bourse filing showed.

Adjusting for the one-off non-cash item, the group's 4QFY2024 net profit would be RM80 million, up 31% from RM61 million a year ago.

The group is expecting its positive earnings growth momentum to continue into FY2025 as sales orders from its key customers continue to pick up in tandem with improved consumer sentiments and new model launches, managing director Datuk SY Gan said in a statement.

The group’s newly incorporated Philippines subsidiary has secured new orders with an aggregate value of about RM1.5 billion for the next two years, of which 300 million is expected to be realised in FY2025 and RM1.2 billion in FY2026, Gan said, based on anticipated sales volume and pricing.

The group declared a fourth interim dividend of 0.6 sen per share to be paid on Oct 26. It also proposed a final dividend of 0.6 sen per share to be paid on a date to be fixed once shareholders approve it.

https://theedgemalaysia.com/node/727827

1 week ago

Good to collect… bright outlook and stand to gain from China US friction

1 week ago

yewnamhung

Target Price: RM1.42~~ Hard to push up !!!

1 week ago

2024-09-24

Insider

KUMPULAN WANG PERSARAAAN (a substantial shareholder) disposed 600,000 shares on 23-Sep-2024.

1 week ago

yewnamhung

Banyak kacau !!! Good QR also no points.

1 week ago

OTB

EPF is selling like no tomorrow.
Very sad indeed.
Solid earning, EPF does not care.
Good luck soon.
Thank you.

1 week ago

Taking some profit is normal…

1 week ago

Dont be affected by someone who wants to create negative sentiment

1 week ago

Possible some ppl wants to collect low…

1 week ago

mizieXX

Epf share so foreign investors can buy

1 week ago

Stocker

Later close high

1 week ago

jupiter88

Agreed with you invest AA

1 week ago

Joscylyn

Datuk bought back the shares yesterday. It's a signal 😀

1 week ago

yewnamhung

New TP : RM1.68 - CIMB
Affin Hwang Investment - (Buy / maintain)

1 week ago

CharlesT

VS-WD a good proxy for leverage play

1 week ago

Another tech stock kaput

1 week ago

This is Not tech stock…
My goodness…

Maybank maintained its 'buy' call on VS Industry, with a target price (TP) of RM1.28 .

While HLIB also reiterated its 'buy' call on VS Industry, with an unchanged TP of RM1.42.

1 week ago

Despite the recent movements in the ringgit, RHB Research said the company is anticipated to record a financial year 2025 (FY25) earnings growth of 37%.

This is expected to be driven by the normalisation of a major customer’s orders, the contribution of a new customer with approximately RM300mil of new orders expected and also a turnaround of its China subsidiary post-restructuring.

Also, the company’s establishment of its Philippines operations should commence early next year although the research house only expects positive earnings contribution from this area in FY26.

“The explosive three-year earnings compounded annual growth rate of 30% will be anchored by the expansion into the Philippines for significant market share gain, whilst the development of new capabilities will broaden the supply chain network to enhance the company’s profitability.

1 week ago

So, VS is selling glove, I guess if not tech stock

1 week ago

Pang72 you 52 year old man same age like my mum but you talk like soxaii

1 week ago

Scottyvc98

Pang72 you 52 year old man same age like my mum but you talk like soxaii

10 minutes ago

YOUR BACKSIDE KENA BURN OR YOUR PERIOD COMING..
WHY YOU TALK LIKE SOXXXHAI... JUGA!

1 week ago

VS falls below 80c then you will be more polite in talking?

1 week ago

Then, please wait for it to come... It is coming anywhere

1 week ago

People like you pang only bark ok social media . Your life Must be miserable. Kaput here and there and complain hahahaha . Pity you

1 week ago

sorry typo pang is “ on “ . Have a nice day with your family

1 week ago

My life is Obsolutely good..
Kaput is fact. People losing money in VS will hv much miserable life than me, I believe

1 week ago

No need pity me.
You takes care of your VS at 80c...
I don't own such lousy stock..
I can sleep well, eat well and pop well

1 week ago

OTB

Posted by OTB > 2 days ago | Report Abuse

EPF is selling like no tomorrow.
Very sad indeed.
Solid earning, EPF does not care.
Good luck soon.
Thank you.
---------------------------
Posted by INVEST_AA > 2 days ago | Report Abuse
Dont be affected by someone who wants to create negative sentiment
-------------------------
Posted by INVEST_AA > 2 days ago | Report Abuse
Possible some ppl wants to collect low…
----------------------------
Posted by INVEST_AA > 2 hours ago | Report Abuse

OTB just brush away the fact that the collaboration between ytl and Nvidia maybe CALLED OFF… Lol…

Does Nvidia want to collaborate with party that is under investigation for corruption? Likely No…

There are tonnes of parties who can collaborate with Nvidia besides Ytl….

Don’t be surprise when Nvidia call OFF the data centre collaboration with YTL…

That time the share price will tank like no tomorrow…

So better cut now than be sorry later on…

Probably those supporting with info like OTB is already dumping…
GOOD LUCK
---------------------------
YTLPower and Vs are the stocks that I strongly recommended to buy in 2024.
Because of my earlier posting, INVEST_AA mistaken and attacked me on YTLPower.
I did not sell VS and I did not sell YTLPower.
Both are my favourite stocks.

Good luck.
Thank you.

1 week ago

Scottyvc98

Pang72 you 52 year old man same age like my mum but you talk like soxaii

2 days ago

I HOPE YOUR BACKSIDE DIDN'T PAIN LIKE HOT CHILLI

6 days ago

Hahahaha pang72 52 year old man like a kid . Pity your life . Must be a mess . Btw I miss your wife haha

6 days ago

By the way, I miss your red hot chilli ass..... And, I am gays for your information

6 days ago

Vs99c drop 5c
Vs-w 18.5c drop 1.5c

Yummy hot chilli

6 days ago

My life is miserable
My life is sucxxx
But, when I saw red hot chilli Scott asssss.... I felt excited

6 days ago

fortunefire

how come vs laosai despite good qr?

6 days ago

Low 96c...

90c is next destination

5 days ago

I say, no check just now.....Epf starts to acquire.....

5 days ago

I notices a few accs alwasy go here and there blow shi-iits ....

5 days ago

Cut lose at 96c
Up till 1.02..

Pain in the asssss

5 days ago

Hahahahah funny 🤣

4 days ago

My life is miserable mah..
So good but not funny:)

4 days ago

Adam92Rosli

V shape pattern slowly appears

4 days ago

SuperA

Dyson dah nak tutup Singapore office, sales tak bagus. "Dyson conducted a round of layoffs in Singapore on Tuesday (Oct 1) in a “surprise” move that has left employees here feeling shocked and in a state of “low morale”.

This comes about three months after the technology firm said Singapore, which serves as its global head office, was “not directly impacted” by a global restructuring that involved about 1,000 job cuts in Britain."

4 days ago

97c which is 1c higher than my cut lose price yesterday!!
Today is really funny:)

4 days ago

97.5c closing
What a miserable day.

4 days ago

Wednesday, 2 Oct 2024
5:16PM
VS EMPLOYEES PROVIDENT FUND BOARD (7,216,900 units Acquired)
Tuesday, 1 Oct 2024
5:06PM
VS EMPLOYEES PROVIDENT FUND BOARD (1,216,700 units Acquired)
Monday, 30 Sep 2024
5:08PM
VS EMPLOYEES PROVIDENT FUND BOARD (7,519,600 units Acquired)

3 days ago

25 - 27/9 transactions

3 days ago