KUALA LUMPUR: AmInvestment Bank research has maintained its hold recommendation on VS Industry Bhd with a lower fair value of RM1.27 a share due to a challenging outlook in its overseas operations while positive prospects from growth in box-build orders have been largely priced in.
"We reduce our FY20F–FY22F forecasts downwards slightly by 1–2% after tweaking forecasts for its Malaysian segment," it said.
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