VITROX CORPORATION BHD

KLSE (MYR): VITROX (0097)

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Last Price

7.50

Today's Change

+0.02 (0.27%)

Day's Change

7.38 - 7.58

Trading Volume

1,161,300


4 people like this.

1,833 comment(s). Last comment by SyahSyah 5 days ago

psd57

2,314 posts

Posted by psd57 > 2023-04-18 13:17 | Report Abuse

Vitrox Ends FY2022 on Stronger Note But Expects Downturn in 1H 2023

edgeinvest
Publish date: Fri, 24 Feb 2023, 08:37 AM

Vitrox ends FY2022 on stronger note but expects downturn in 1H 2023
KUALA LUMPUR (Feb 22): Vitrox Bhd says it is bracing for a temporary downturn in the first half of this year, right after closing its financial year ended Dec 31, 2022 (FY2022) with a 5.38% rise in net profit in the final quarter to RM48.6 million from RM46.12 million a year ago on a more favourable product mix.

The temporary downturn is expected to come amid softer global economic growth and uncertainties in general business outlook in the first half of the year, it said in a bourse filing.

“Thus, the group will put more emphasis on long-term growth strategies while preparing for a temporary downturn. The 10-year expansion master plan (2021 to 2030) in Batu Kawan is expected to further strengthen the group’s manufacturing and R&D [research and development] facilities," Vitrox said.

Nevertheless, the board is optimistic on its business prospects for the second half of the year 2023, saying its well-diversified revenue base and exposure to high-growth industries remain bright spots for the group.

Vitrox’s earnings per share for the final quarter of FY2022 expanded to 5.14 sen from 4.88 sen.

Quarterly revenue grew marginally by 2.28% to RM190 million, from RM185.76 million. The increase in revenue was predominantly contributed by robust demand from automated board inspection, partly offset by temporary weak demand from machine vision systems.

For the full FY2022, Vitrox’s net profit increased 18.36% to RM200.82 million from RM169.66 million for FY2021, while revenue grew 10.31% to RM750.25 million from RM680.12 million.

Shares of ViTrox settled six sen or 0.78% higher at RM7.74 on Thursday, giving the company a market capitalisation of RM7.32 billion.

Source: TheEdge - 24 Feb 2023

psd57

2,314 posts

Posted by psd57 > 2023-04-18 14:43 | Report Abuse

Vitrox PE ratio of 41.4x @ Rm 8.03, compared to its peers average of 38.1x: -

1.JF Technology Bhd - 53.9x
2. Greatech Technology Bhd - 46.5x
3. Genetech Technology Bhd - 31.0x
4. M. Technovation Bhd - 22.4x

Posted by NatsukoMishima > 2023-05-09 13:24 | Report Abuse

Vitrox = rm 3 stock

RonnyWu

193 posts

Posted by RonnyWu > 2023-05-18 16:12 | Report Abuse

No cheap price to grab here...

monetary

4,337 posts

Posted by monetary > 2023-05-20 11:22 | Report Abuse

Comments of prospects. The group focus on longterm growth strategies to be well prepared for sharp rebound. Don't know how genuine is this statement.

RonnyWu

193 posts

Posted by RonnyWu > 2023-05-31 17:47 | Report Abuse

Official statement from most of the company. haha

RonnyWu

193 posts

Posted by RonnyWu > 2023-06-02 16:30 | Report Abuse

Overvalued Vitrox at current price...seeking cheaper price to enter

pang72

46,679 posts

Posted by pang72 > 2023-06-23 15:12 | Report Abuse

Overvalue is for sure but will PAS able to bring more technology investment into penang?

pang72

46,679 posts

Posted by pang72 > 2023-06-23 15:14 | Report Abuse

So, production need to stop for sembayang..
Friday shld not work...
I guess good for the worker if PAS win the state

Posted by NatsukoMishima > 2023-07-17 12:03 | Report Abuse

Wow esos only 1.39 ! What shareholder can get from this cheap esos ??

Posted by NatsukoMishima > 2023-07-17 12:04 | Report Abuse

Buy dnex gtronics vstec betterlah !

monetary

4,337 posts

Posted by monetary > 2023-08-28 08:49 | Report Abuse

waiting to buy back at 7

RonnyWu

193 posts

Posted by RonnyWu > 2023-08-29 16:45 | Report Abuse

Me waiting at below Rm7 to do averaging

Vincentpu

59 posts

Posted by Vincentpu > 2023-09-08 14:34 | Report Abuse

Vitrox= another top glove

Beware

U buy it drop


Share is almost corneted by major share holders

Vincentpu

59 posts

Posted by Vincentpu > 2023-09-08 14:35 | Report Abuse

Nta only 90c

Vincentpu

59 posts

Posted by Vincentpu > 2023-09-08 14:35 | Report Abuse

Company little asset

Posted by Dinokola > 2023-09-21 12:31 | Report Abuse

still can up...buy

Posted by submariner > 2023-10-16 11:44 | Report Abuse

What is the strategy now

Posted by stockpick2me > 2023-10-19 12:19 | Report Abuse

Wait below 7 and catch

teknikal

171 posts

Posted by teknikal > 2023-10-29 17:37 | Report Abuse

Price has just broken MA20. It remains in downtrend with price below all MA20, 50 and 200.

Posted by stockpick2me > 2023-10-31 11:27 | Report Abuse

thought the semiconductor market would recover in the 2nd half of this year 😐

James_Bond

2,247 posts

Posted by James_Bond > 2023-11-03 14:24 | Report Abuse

Vitrox looks delicious…

James_Bond

2,247 posts

Posted by James_Bond > 2023-11-08 17:35 | Report Abuse

Collected vitrox at 6.78, 6.79, 6.80! Cheers!

James_Bond

2,247 posts

Posted by James_Bond > 2023-11-20 11:57 | Report Abuse

Go go go vitrox!

Posted by Dinokola > 2023-11-21 23:02 | Report Abuse

up up up vitrox

Luisa7

87 posts

Posted by Luisa7 > 2023-11-22 16:30 | Report Abuse

shoot! thought can grab it at cheaper price like 6.60 ...

Luisa7

87 posts

Posted by Luisa7 > 2023-11-28 14:18 | Report Abuse

Talking about ESG now. https://theedgemalaysia.com/node/691116

Luisa7

87 posts

Posted by Luisa7 > 2 months ago | Report Abuse

Nice, break RM7 after they declare dividend

James_Bond

2,247 posts

Posted by James_Bond > 2 months ago | Report Abuse

Congrats my comrades for buying vitrox at dirty cheap low! Cheers!

James_Bond

2,247 posts

Posted by James_Bond > 2 months ago | Report Abuse

Go go go Vitrox!

Posted by stockpick2me > 2 months ago | Report Abuse

wah, what happened? Semicon turning black horse?

James_Bond

2,247 posts

Posted by James_Bond > 2 months ago | Report Abuse

I m loving you, Vitrox! Cheers!

James_Bond

2,247 posts

Posted by James_Bond > 2 months ago | Report Abuse

Be informed that I will be taking profit on Vitrox slowly. Let the latecomers could join in as well! Cheers!

James_Bond

2,247 posts

Posted by James_Bond > 2 months ago | Report Abuse

Matched sell 7.20/7.21. Thanks! Merry Christmas!

James_Bond

2,247 posts

Posted by James_Bond > 2 months ago | Report Abuse

Going to use the profit to buy Starbucks merchandise later as Christmas presents… cheers!

James_Bond

2,247 posts

Posted by James_Bond > 2 months ago | Report Abuse

Sold some at 7.35! Cheers!

RonnyWu

193 posts

Posted by RonnyWu > 2 months ago | Report Abuse

wow, it drops after you sold, James_Bond😮

Rocky42

12 posts

Posted by Rocky42 > 2 months ago | Report Abuse

Good company can become better and better.

RonnyWu

193 posts

Posted by RonnyWu > 2 months ago | Report Abuse

wish I had collected enough at 6.7x there

Luisa7

87 posts

Posted by Luisa7 > 2 months ago | Report Abuse

Next stop, Aminvest's TP 😀

RonnyWu

193 posts

Posted by RonnyWu > 2 months ago | Report Abuse

Rm8.60? need to wait for one year I guess

RonnyWu

193 posts

Posted by RonnyWu > 1 month ago | Report Abuse

Kenanga stays 'neutral' on tech sector, anticipates cycle bottom and recovery in 2H. https://theedgemalaysia.com/node/696122

Posted by stockpick2me > 1 month ago | Report Abuse

Slide down again. May be can collect it at below Rm7 again

Posted by shareinvestment7 > 1 week ago | Report Abuse

Tesla will set up a new gigafactory in Mexico very soon. Vitrox has their footprint in Mexico since year 2023. The proposed new gigafactory in Mexico will definitely benefit Vitrox indirectly.

tim09

207 posts

Posted by tim09 > 1 week ago | Report Abuse

Bonus issue 1 for 1

gohkimhock

2,891 posts

Posted by gohkimhock > 6 days ago | Report Abuse

I still prefer a less number of shares high price to exhibit its high premium quality.

James_Bond

2,247 posts

Posted by James_Bond > 6 days ago | Report Abuse

Hurray! I m right on Vitrox! Haha! Congrats my comrades!

Posted by SyahSyah > 5 days ago | Report Abuse

vitrox bagus, naik

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