VS Industry Faces Slow Road to Recovery -- Market Talk

Dow Jones
Oct 01

0126 GMT - VS Industry's earnings are expected to recover gradually as weak U.S. consumer sentiment weighs on demand, Public Investment Bank analyst Penny Chong says in a note. With Malaysia's U.S. tariff fixed at 19%, roughly in line with regional peers, order flows should improve, she says. Its new Philippines plant, which recently started mass production, is expected to ramp up utilization over time. VS remains focused on operational efficiency and cost optimization to restore profitability amid weak consumer spending in the U.S., she notes. Public IB lowers VS Industry's target price to MYR0.64 from MYR0.83 while maintaining a neutral rating on the stock. Shares are unchanged at MYR0.59. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

September 30, 2025 21:26 ET (01:26 GMT)

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