KUALA LUMPUR: Affin Hwang Capital research has maintained its buy rating and unchanged target price of RM1.60 on VS Industry Bhd
as its first quarter earnings for the 2020 financial year came within expectations.
The research house said net profit rose 21% year-on-year (y-o-y) as a result of reduced losses in the group's China operations following a restructuring and streamlining exercise of its operations.
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