KUALA LUMPUR (July 30): Hong Leong IB Research has maintained its “Hold” rating on ViTrox Corp Bhd at RM6.50 with a higher target price of RM6.72 (from RM5.24) and said ViTRox remains upbeat with space constraint solved after moving into Campus 2.0.

In a note today, the research house said mixed performance projections for different products and that 3Q18 guidance is conservative given that it is still early of the quarter and 3Q is seasonally stronger.

“Bill-to-book is admirable at 1.3x ended 2Q18. We raise our FY19-20 forecast as well as target price to RM6.72.

“However, we maintain Hold as valuation appears to be very rich relative to industry standard,” it said.

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

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

Market Outlook Symposium 2018 - Ooi Kok Hwa

Goreng Goreng Goreng.....

Maybank: ViTrox Corp And the race begins… [Goreng Goreng]

Maybank: ViTrox Corp - Another standing ovation please [Goreng Goreng]

ViTrox is Moving to Campus 2.0 Now! [Goreng Goreng]

Vitrox expects 2018 to be another growth year

ViTrox may climb higher, RHB Retail Research [Goreng Goreng]

Strong demand for inspection systems lifts Vitrox earnings [Goreng Goreng]

ViTrox’s V-ONE Collaborates with Fuji Corporation [Goreng Goreng]

IPC CFX 2018_Interview with Khoo Yak Hua, ViTrox [Goreng Goreng]

Soft Launch of ViTrox V-ONE Mobile APP at IPC APEX 2018 [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]