Equity Analysis /
Malaysia

MY : VS Industry Bhd - Robust order flows despite transient hiccups

    CGS-CIMB
    19 December 2021
    Published byCGS-CIMB

    We came away from VSI’s recent analyst briefing more positive on its prospects, buoyed by a strong order flow outlook from key customers. VSI has secured new models from its existing key customer and is still on track to ramp up production for newer customers. Reiterate Add with a higher TP of RM1.94 (19x CY23F P/E).