Finally Vitrox hit more than 5b value today. Their vision 5.5.5 (2/3) achieved. Revenue 500m - Strong growing Employee 500 people - Achieved. Market value 5 billion - Achieved today
This stock is suitable for those who like long term investment. 10 years ago the stock price is only RM0.30 and today it already hit RM 11.42 (RM 22.84 actual value). Just buy, ignored and no need to worry to get PN17 note or delisted. The return rate is better than FD or other investment.
It is not goreng counter. Bad result probably due to the Covid 19 pandemic. This counter is good for long term investor. All of you judged on the company price based on the financial performance. But you all do not understand how is their culture and value of the technology they have. This company can be known as "Apple" Malaysia version. Even the founder build their latest HQ building similar to Apple HQ design.
Founder and co-founder hold more than 50% of the total shares and if includes the BOD and employees it will make to around 75% while floating around free market is 25%. Most of the employees believe in the company and do not sell their share and keep it. Maybe will sell it if urgently need financial aid. Many of their employee already become millionaire in their portfolio for those still hold the share since 2006.
Their technology is niche and mostly use in semiconductor industry and some in military. In Malaysia, only this company has their own X-ray inspection technology and the value of the company is their value of the technology they have. You can read their annual report to get more information about this company.
You may study their chart since 2006 and see how it move up and previously this company listed in MESDEQ (ACE market) changed to Main board.
Oh ya, I will avoid HLG price target research as every time they CALL SELL, this company share price still getting up higher and higher.
Will Vitrox be able to maintain its profit margin without the tax incentive? Will the government allow further tax incentive or raising the tax rate after the bad time which end up a huge expense? Will the rise in Greatech/UWC/Penta etc affect the company business and its revenue?
114.45% increase in net profit to RM29.71mil for its third quarter ended Sept 30 (Q3) from RM13.86mil in the same period last year due to strong sales volume and optimisation of production capacity.
The electronics company also registered a record quarterly revenue of RM123.75mil in Q3, up 86.06% from RM66.51mil previously.
Look at Unisem EPS as well, posted almost 7 Sen per share for Q3 2020 that was released today afternoon and its price only hit RM4.20. Fantastic result !
Tech sector in Malaysia depend on US election results. If Biden win Malaysian tech sector can kaput because Biden want to end the tech trade war with China.
Ending the China trade war is not good for Malaysia tech company because our tech stock benefits from the China trade war. China is the world largest tech manufacturing in the world.
If Joe Biden win then it will affect Malaysia Tech stock because China will leading again the tech export. Malaysia tech benefits largely from the US China trade war. Once Joe Biden announce to stop the trade war our tech sector will kaput.
5G is labelled as IR4 revolution that will generate trillions of dollars .This especially with the 5G launch globally in Oct that is why tech stocks is in the trend.Follow the Funds investing in the right 5G tech that will benefit from the uprising Industry.
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....
RainT
8,448 posts
Posted by RainT > 2020-03-23 10:05 | Report Abuse
this VITROX share price seem steady
no much drop
why ah ?