Worst Is Likely Over for VS Industry -- Market Talk

Dow Jones03-29

0309 GMT - The worst is likely over for VS Industry, RHB IB analyst Soong Wei Siang says in a note. The provider of electronics-manufacturing services seems to be making good progress in deal talks with potential customers and is hopeful that it will achieving positive outcomes by end-2024, he says. New product launches in the pipeline, steady volume growth from key customers and margin improvement from new capabilities also support the company's outlook, he says. Soong expects VS's net margin for FY 2025 to increase by 1.1 percentage points to 5.1% from a year earlier. RHB upgrades the stock to buy from neutral and raises the target price to MYR1.02 from MYR0.81. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

March 28, 2024 23:09 ET (03:09 GMT)

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The provider of electronics-manufacturing services seems to be making good progress in deal talks ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VS","symbol_name":"Versus Systems Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2423058104","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2423058104","pubTimestamp":1711681740,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0309 GMT - The worst is likely over for VS Industry, RHB IB analyst Soong Wei Siang says in a note. 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