Broker Name: Maybank Investment Bank Berhad
Date of Report: March 27, 2026
Excerpt from Maybank Investment Bank Berhad report.
Report Summary
- V.S. Industry (VSI) posted a weak 1HFY26 core profit of MYR3m, drastically below expectations, prompting Maybank to downgrade the stock to HOLD and lower the target price to MYR0.30 due to soft global consumer demand, higher costs, and margin compression.
- Key headwinds include weak order loadings, rising fixed and raw material costs, currency pressures, and delayed cost pass-throughs, with upside risks mainly from faster-than-expected recovery in customer demand and successful ramp-up of new operations.
Above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank Investment Bank Berhad website : www.maybank.com/investment-banking
