相关阅读：http://koonyewyin.com/wordpress/2015/09/24/export-manufacturers-will-benefit-when-ringgit-is-17-year-low/
The above chart is encouraging you to buy. My reasons are:
Its 3rd quarter eps was 39.80 sen while
MPI’s was 39 sen. MPI’s 4th quarter eps was 18 sen as announced at end
of Aug. making its annual eps of 57 sen.
VS will announce its 4th before end of
Sept. as its financial year end in July. VS’s quarterly revenue is
always about 30% more than MPI. VS exports about 90% of its products in
US$ and in view of our Ringgit being 17 year low, we can expect VS to
announce a higher profit than MPI.
The CEO of VS gave an interview which
was reported by the Star newspaper recently and KLSC queried him. Here
is his explanation as announced on Bursa:
We refer to the article “Exciting time
for VS” published in The Star newspaper dated 5 September 2015. We wish
to clarify as follows:-
We confirm that almost 90% of sales are transacted in US Dollar
We confirm that VS hopes to achieve 10%
to 15% growth in terms of sales and net profit for the financial year
ending 31 July 2016.
After reading this CEO’s statement, I strongly believe VS has very good profit growth prospect for this year and next year.
As you know KLCI has been dropping for
more than 2 years and foreign institutional investors have been selling
and running away. In spite of this fact, VS is still going up with huge
daily transaction. I can imagine when the foreign fund managers return,
they will rush to buy VS.
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