KUALA LUMPUR: AmInvestment Bank Research has maintained its “hold” recommendation on VS Industry Bhd
(VSI) with a lower fair value of RM1.27 a share due to the challenging outlook in its overseas operations while the positive prospects from growth in box-build orders have been largely priced in.
“We reduce our financial year 2020 (FY20)-FY22 forecasts downwards slightly by 1%–2% after tweaking forecasts for its Malaysian segment, ” it said.
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