Affin Hwang Research maintained its earnings forecasts and reiterated its Buy on VS, with an unchanged TP of RM1.60 based on a target CY20E PER of 16 times.
KUALA LUMPUR: V.S. Industry (VS) is ramping up production for Bissell, Keurig and a new PCBA customer, Affin Hwang Capital Research said.
In its research note issued on Friday, it said the move was to mitigate the lower orders from its key customer as one of the floor-care models reached the end of the product lifecycle.
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