If we compared VS’ latest 4 quarters with the preceding 4 quarters, we can see that its net profit has doubled from RM20.7mil to RM42.0mil, while turnover increased by 46% from RM668mil to RM978mil. EPS has similarly doubled from 20.7 sen to 42.0 sen.
Based on its trading price of RM3.38 as at 11.00 am today & its EPS of 42.0 sen, VS is now trading at a PE of 8.0 times. This is considered inexpensive in view of VS’ strong growth.
The share price has run quite a bit since I highlighted the potential of this stock (go here). The last 4 weeks' price run-up is very sharp (see the chart below). If the price weakened back to RM3.00-3.20, you may want to gain entry into this growth stock.
Chart: VS' weekly chart as at June 28 (courtesy of Quickcharts)