0208 GMT - VS Industry's near-term earnings outlook likely remains clouded, says Affin Hwang IB analyst Faustine Chua in a note. While management sees a healthy customer order flow, order placements may remain prudent amid global uncertainties, supply chain risks and weak consumer sentiment, she notes. The company expects new model launches in fiscal 4Q to drive future growth, while its Philippine operations prepare for mass production in the next two months, she adds. Chua cuts VS Industry's FY2025-FY2027 earnings estimates by 16%-35% after disappointing 1H core earnings. Affin Hwang downgrades VS Industry's rating to hold from buy and lowers the target price to MYR0.91 from MYR1.18. Shares are 0.6% higher at MYR0.85. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
March 23, 2025 22:08 ET (02:08 GMT)
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