AmInvestment maintains Hold on VS Industry, lowers TP to RM1.27

KUALA LUMPUR: AmInvestment Bank research has maintained its hold recommendation on VS Industry Bhd with a lower fair value of RM1.27 a share due to a challenging outlook in its overseas operations while positive prospects from growth in box-build orders have been largely priced in.

"We reduce our FY20F–FY22F forecasts downwards slightly by 1–2% after tweaking forecasts for its Malaysian segment," it said.