Supply chain disruption downer for VS Industry

KUALA LUMPUR: Integrated electronics manufacturing services (EMS) provider VS Industry Bhd is expected to record sustained weak margins in the second half of its financial year ending July 31, 2022 (FY22) due to labour and component shortages as well higher raw material costs, according to CGS-CIMB Research.

The research unit said it had lowered its FY22 earnings per share (EPS) forecasts for VS Industry, and remained cautious on the impact of supply chain disruptions on its operations as it has yet to see clear signs of an improvement on this front.