https://klse.i3investor.com/web/pricetarget/research/72738 New TP from PBB. VS Industry: Key Takeaways From Briefing (VSI MK, Trading Buy, TP: RM1.41)
Without taking into the impact of foreign exchange (FX) effects, FY25 could be a strong performance year as management expects a healthy recovery of orders from its main customer, while there will be more new product launches by other customers. The Group is also in the midst of securing a new client by year-end with maiden contribution from Philippine on track. In-short, we are upbeat on the order flows and steady margins, reaffirming our Trading Buy call and RM1.41 TP.