Highlights

ViTrox Corporation

Author: gorenggoreng88   |   Latest post: Mon, 25 Feb 2019, 9:38 AM

 

Vitrox to develop advanced robotic vision equipment [Goreng Goreng]

Author:   |    Publish date:


 

Chu: This year the group will spend RM40mil as capital expenditure to be used mainly for the new plant in Batu Kawan.

Chu: This year the group will spend RM40mil as capital expenditure to be used mainly for the new plant in Batu Kawan. 

 

 

 

GEORGE TOWN: Automated vision-inspection manufacturer Vitrox Corp Bhd’s improved cash flow of RM151mil will be used for developing new advanced robotic vision equipment for the automotive and solid state memory industries projected to grow in 2018 and beyond. 

Group chief executive officer Chu Jenn Weng (pic) told StarBiz that more factories were now automating their production process, creating demand for advanced robotic vision equipment.

“We can see this happening in Asia, especially in the automotive and solid state memory industries.

“The highly precision parts used in the automotive sector were previously checked manually.

“Now automotive component manufacturers are using advanced robotic vision equipment to check these components.

We released the first generation of the the advanced robotic vision equipment late last year and the sales are encouraging,” he said.

Chu said the company would spent another 12% to 13% of its revenue for 2018 on development and design activities.

“Last year, we spent RM40mil for such work compared to RM31mil in 2016.

“This year the group will spend RM40mil as capital expenditure to be used mainly for the new plant in Batu Kawan,” he added.

The advanced robotic vision equipment contribution to the company’s revenue will not be immediate. “We can expect this segment to contribute positively in two to three years,” Chu said.

The key markets for these equipment, used for checking semiconductor components like sensors and printed-circuit board assembly products, include the US, China and South-East Asia, where prices range between US$100,000 and US$500,000 per unit, depending on their complexity, size, and functions.

 

According to Chu, the cash flow has improved because the cash conversion period has shortened to 210 days from 405 days two years ago.

Cash conversion measures how fast a company can convert cash on hand into inventory and accounts payable, through sales and accounts receivable, and then back into cash.

“The days sales outstanding period has also been reduced to 115 days from 158 days two years ago.

“As a result, the inventory conversion period has also been cut to 179 days from 303 days two years ago,” Chu said, adding that the first-half of this year looked strong.

The first quarter of 2018 should be another strong quarter.

“In the corresponding period of 2017, the revenue generated was RM69mil,” he said.

LMC Automotiv, which provides data on automotive production and sales forecasts, said in a recent report that global auto sales may hit an all-time record this year of 97.3 million vehicles.

“That 2.1% jump over 2017 would come despite a weak market in North America, as well as softening growth in what is now the world’s largest automotive market, China,” LMC researchers said.

LMC also forecasts that China, as well as the rest of Asia and Western Europe, will see modest sales gains in 2018.

“The big drivers of global growth in 2018 will be Central and Eastern Europe, as well as a rebounding South American market.

All three of those regions are expected to post double-digit gains this year,” the researchers said. 

 

Ooi Kok Hwa: Bull market in stocks has years to run

Ooi Kok Hwa: The share market will be extremely bullish!

Goreng Goreng Goreng.....

Vitrox to develop advanced robotic vision equipment [Goreng Goreng]

ViTrox on the prowl for M&A [Goreng Goreng]

ViTrox not resting on its laurels as it is 'not the best yet' [Goreng Goreng]

Global semicon sales up 21.9% y-o-y in October to US$37.1 billion, says SIA [Goreng Goreng]

ViTrox Receives Global Technology Awards in Productronica Germany 2017 [Goreng Goreng]

ViTrox - Double inspection speed [Goreng Goreng]

Vitrox reports 41% rise in 3Q net profit, declares 1.5 sen dividend [Goreng Goreng]

Penang manufacturing ready for Industry 4.0? [Goreng Goreng]

Vitrox investing RM130mil to expand ops; 2017 2H should see double-digit Growth [Goreng Goreng]

Malaysia companies like Vitrox are critical for high-tech products [Goreng Goreng]

The Edge weekly ~ Catching the next big wave - Semiconductor [Goreng Goreng]

Vitrox posts 48% increase in 2Q net profit [Goreng Goreng]

ViTrox feeling awesome on HLIB Research *ViTrox will achieve another record breaking*[Goreng Goreng]

ViTrox celebrates strong sales in Mexico and 2 years partnership with SMTo [Goreng Goreng]

#ViTroxtalents won the Innovate Excellence Award [Goreng Goreng]

ViTrox - Courtersy Visit @ FMM (21 July 2017) [Goreng Goreng]

Budget 2018 - Govt to focus on tax incentives for Industry 4.0 [Goreng Goreng]

#ViTroxtalents - Great achievement in IMDC 2017 [Goreng Goreng]

 

Share this
Labels: VITROX

Related Stocks

Chart Stock Name Last Change Volume 
VITROX 10.38 +0.48 (4.85%) 239,000 

  VenFx likes this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

433  510  520  491 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 TOPGLOV-HA 0.20+0.135 
 PDZ 0.235+0.03 
 SUPERMX-HB 0.235+0.175 
 VSOLAR-WB 0.015-0.005 
 VSOLAR 0.04-0.015 
 PHB 0.02+0.005 
 ANZO 0.155-0.04 
 VIVOCOM 0.040.00 
 DGB 0.05+0.005 
 JCY 0.445+0.095 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers