PETALING JAYA: V.S. Industry Bhd (VSI) could be heading back to its glory days after the latest acquisition of a new factory as well as securing a new large US-based customer, which is expected to contribute to group revenue in the financial year ending July 31,2022 (FY22).
UOB KayHian in a research report noted that the new US customer (Y) is the fifth new order won by the electronics manufacturing services (EMS) provider since early 2019, as a result of the US-China trade diversion.
“While there is scarcity of details on customer Y, we believe this could be another lucrative contract with gross margin of no less than 12%, taking cues from the new contracts secured since early-2019.
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