buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

aws账号(www.2km.me)_VS Industry’s prospects remain intact

admin2021-12-2121

aws账号

aws账号www.2km.me)提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售,提供api ,质量稳定,数量持续。另有售azure oracle linode等账号.

RHB Research, which has maintained a “buy” call on VS Industry, said it was not overly perturbed by the soft Q1 earnings as most of the drag factors were temporary.(File pic shows the VS Industry plant in Senai)

PETALING JAYA: VS Industry Bhd’s earnings decline for its first quarter (Q1) ended Oct 31, 2021 has been viewed as a temporary setback by analysts.

They remain optimistic about the electronics manufacturing service company’s prospects, and expect the group to register stronger earnings growth in the upcoming quarters, citing robust order flows.

RHB Research, which has maintained a “buy” call on VS Industry, said it was not overly perturbed by the soft Q1 earnings as most of the drag factors were temporary.

“VS Industry’s Q1 results disappointed due to sharp but temporary margin compression. Most of the drag factors should dissipate going forward hence we foresee a quick earnings rebound,” the brokerage said.

RHB Research, however, has cut its target price for VS Industry to RM1.85 from RM2.03 previously. “The continuous capacity expansion has signified management’s optimism on the future contract flows with the company actively engaging with more prospective customers,” the brokerage said.

“We understand that VS Industry has identified areas of improvement and the relevant action plans in order to further upgrade its labour standards and this should lift sentiment and allay the concern on the migrant workers issue,” it added.

Meanwhile, CGS-CIMB Research said it expected VS Industry’s revenue momentum to remain robust in the upcoming quarters from its two United States-based customers, secured in financial year ended July 31, 2019 (FY19) and FY20, respectively, on the back of a strong ramp-up in orders, as well as production ramp up for its newest US-based customer.

“Nevertheless, we remain cautious on the impact of supply chain disruptions to its operations” the brokerage said.

CGS-CIMB Research has maintained its “add” recommendation on VS Industry. It, however, has lowered the target price for the counter to RM1.85 from RM1.87 previously.

VS Industry’s net profit fell about 41% to RM39.39mil in Q1 from RM66.68mil a year ago. This was due to lower orders for printed circuit board assembly (PCBA) from key customers as well as disruption in component supply.

In a filing with Bursa Malaysia, the group said the impact was partially offset by the production of box-built for a new customer.

Its revenue slipped 1.9% to RM967.99mil in the quarter compared with RM987.10mil a year ago, dragged by lower contribution from the Malaysian operations.

“The Malaysian segment posted a marginal decrease in revenue of RM18.9mil in the current quarter by comparison to the previous year’s corresponding quarter due to lower PCBA orders,” it said.

Reviews

Popular tags