KUALA LUMPUR (July 19): Electronics company Vitrox Corporation Bhd saw its share price surged to a five-month high of RM16.88 this morning, making it the top gainer on Bursa Malaysia's trading session prior to lunch break.
At the 12.30pm break, the stock has pared some gains to RM16.80, which is 5% higher compared with its closing price of RM15.96 on Friday (July 16).
At RM16.80, the company has a market capitalisation of RM7.93 billion. Its trading volume stood at 311,300 shares.
In an exclusive interview with The Edge last week, Vitrox’s co-founder, CEO and president Chu Jenn Weng reveals that the group has ventured into precision smart farming as it aims to revolutionise the regional agriculture industry by designing, creating and promoting innovative, high-tech, smart agriculture solutions.
“This will be a very exciting area for us in the next five years because it is well aligned with our core values. We want to use machine vision, artificial intelligence (AI) and robotics to help farmers grow their crops in a more sustainable and cost-effective matter,” he said.
He also shared with The Edge that Vitrox plans to build an industry-centric university as the group hopes to produce a sustainable pool of skilled workers for the next decade and beyond.