UOB Kay Hian Research sees strong Malaysia orders boosting VS Industry

UOB Kay Hian Malaysia Research: “Given VS’s ability to secure meaningful contracts (new PCBA orders of about RM200mil per year on top of the master agreement with BISSELL), we remain confident of the group securing new contracts from prospective customers."

KUALA LUMPUR: UOB Kay Hian Malaysia Research expects VS Industry's results for the financial year ended July 31,2019 (FY19) to be in line, despite the profit warning from its 43.3%-owned VS International Group (VSIG) in China.

The research house said on Thursday it expected the results to be supported by strong orders from Malaysia judging from 9MFY19 visibility.