<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily on August 21, 2017 - August 27, 2017</div><div class=newsTextDataWrapInner>ViTrox Corp Bhd (+ve) 
SHARES in ViTrox Corp Bhd (fundamental: 3/3, valuation: 1.1/3) triggered our momentum algorithm last Friday for the sixth time this year. The counter closed down 15 sen or 3.12% at RM4.65 last Friday, with 1.43 million shares done, compared with its 200-day average volume of 229,899 shares.</div>

<div class=newsTextDataWrapInner>ViTrox’s net profit increased 48% to RM21.34 million in the second quarter ended June 30, 2017 (2QFY17) from RM14.42 million, mainly due to higher customer orders of its machine vision system and automated board inspection products. Consequently, earnings per share rose to 9.09 sen for 2QFY17 compared with 6.17 sen in 2QFY16. Revenue rose 37% to RM77.62 million from RM56.64 million a year ago.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The group said the increase in earnings was driven by higher demand from a wider customer base and positive acceptance of products.</div>

<div class=newsTextDataWrapInner>At the current share price, ViTrox is trading at 3.72 times its book value.</div>

ViTrox Corp Bhd (+ve)
SHARES in ViTrox Corp Bhd (fundamental: 3/3, valuation: 1.1/3) triggered our momentum algorithm last Friday for the sixth time this year. The counter closed down 15 sen or 3.12% at RM4.65 last Friday, with 1.43 million shares done, compared with its 2...

Stock With Momentum: ViTrox Corp

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