KUALA LUMPUR: VS Industry Bhd remains firmly on track to achieve robust earnings growth in the coming financial years, underpinned by increasing orders by its key customers, said Public Invest Research. It said the overall plant utilisation is currently at 80 per cent, up from 68 per cent in financial year 2016. For its operation in China, PublicInvest said VS overall plant utilisation is now at 60 per cent since the commencement of production of air purifiers for Perfect China. “Management is still in the midst of negotiating for a replenishment of orders, and indications continue to remain positive,” it said. PublicInvest has reaffirmed its “outperform” call on VS with unchanged target price of RM2.36 based on 16 times fully-diluted calendar year 2018 earnings per share.

Source: New Strait Times July 05, 2017 04:18 UTC