Just announced that TTB icap has bought 400k shares in May 2013. I suppose around 62 sen. Now people chasing them up to 93 sen today. Just wondering what is he up to as tech and computer stocks are not recovering as expected.
interesting...if it is overprices! PE is 9.63 Retained Earning is RM87 mil, look at the number of shares of 232.5mil..the RE is equal to RM0.37/share Cash flow +RM44 mil Latest 3rd Q earning is RM11mil (2013, 9mth RM18.8 mil)
This stock is very limited shares, 30 major shareholders has oledy hold up >90 % shares. Btw, today nanyang newspaper just has reported it might can challenge up to RM 1.35 according to TA analysis.
Could be another Globetronics. Way cheaper but needs pay more dividends.
• Home-grown champion of automated vision inspection systems & equipment with global track record • Aggressive products launch pipeline and stronger marketing team to drive 3-year EPS CAGR of 21% • RM1.70 TP is pegged to 12x FY14 EPS
Fair value of RM1.70. Our TP is pegged to 12x FY14 EPS, at a premium to ViTrox’s historical forward mean PE of 9x because it is in the midst of an exciting growth phase, riding on the growing electronic manufacturing services industry. FY13 revenue is set to breach the RM100m mark for the first time since inception in 2000 – a remarkable success for the home-grown champion.
Best in class. We forecast ViTrox will register 3-year earnings CAGR of 21% over FY12-15F. We also like its net cash position (RM0.11/share), superior margins (>25%) and high ROE (>19%). ViTrox will also benefit from the progressive recognition of RM16.2m government grant (FY13-15F) and tax-exempt status for its innovative products.
Wildcard. The Agilent machines that have been serviced by ViTrox since Agilent exited the business in FY10 are nearing the end of their life-cycle. This is a huge opportunity for ViTrox to fill. Additionally, ViTrox’s machines are compatible with the Agilent systems and interfaces which the customers are accustomed to.
Don't worry, just drop a little, it drop just because of Vitrox company has go through open market to sell off treasury stocks. This company stil hasl very bright prospect.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jacklew
499 posts
Posted by jacklew > 2012-07-13 16:22 | Report Abuse
monitoring vitrox for quite some times too....