VSI rally supported by strong earnings visibility
PETALING JAYA: V.S. Industry Bhd’s (VSI) share price rally is supported by strong earnings visibility in the coming quarters, said AmInvestment Bank (AB) Research.
This is following the ramp-up in orders for a “customer X” and notably, a convincing turnaround of its China operations.
“Opportunities for higher box-build orders from ‘customer X ‘would provide fresh catalyst for earnings upgrade.
“Its share price has risen 12% since our initiation end-January 2017, yet we think the rally still has legs,” AB Research said in its report yesterday.
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