KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Tariff Shock Pushes Firm Into the Red
Electronics manufacturing services provider VS Industry Bhd (KL:VS) slipped into a net loss of RM33 million in 4QFY2025, compared with a net profit of RM126.6 million a year earlier. Revenue tumbled 29% y-o-y to RM858.8 million from RM1.21 billion, as US reciprocal tariffs triggered sharper-than-expected adjustments from customers.
Additional Headwinds
Beyond weaker sales, the group’s results were weighed down by:
Cost-down pressures from customers
Start-up losses at its Philippines operations
Impairments on trade receivables and plant & equipment
No dividend was declared for the quarter.
For the full FY2025, net profit plunged 85% y-o-y to RM36.7 million, while revenue fell nearly 11% to RM3.79 billion from RM4.25 billion.
Outlook: Challenging but Improving
VS Industry expects operating conditions to remain challenging, with performance tied to consumer sentiment and customer outlook. Still, management highlighted signs of recovery:
Customer orders have picked up in the current quarter
New product models are entering mass production
The Philippines plant is gradually increasing utilisation rates
Market Reaction
Shares of VS Industry were unchanged at 58 sen on Tuesday ahead of the earnings announcement, valuing the company at RM2.29 billion. Year to date, the counter has lost more than 48%, reflecting investor caution amid tariff uncertainties.
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