InstaForex

July 19, 2021

Golden Rain Reached Vitrox After Reaching Five -Month High

 Electronics company Vitrox Corporation Bhd posted gains up to a five -month high of RM16.88 and has led the most profitable counter in Bursa Malaysia's trading session today.


At 12.30pm, the Vitrox counter ‘rocketed’ more than 5% to RM16.80 compared to RM15.96 when it closed on Friday.


At RM16.80, the company earned a market capitalization of RM7.93 billion with a total turnover of 311,300 shares traded.



Based on the statement released, Vitrox Founder, CEO and President Chu Jenn Weng announced that the group has engaged in smart farming.


The participation aims to accelerate developments in the regional agricultural industry by promoting innovative, planning and creating something more efficient towards smart agricultural solutions.


Jenn Weng wants to work on machine vision, artificial intelligence (AI) and robotics in helping farmers as well as further evolving economical and convenient ways to grow crops.


Furthermore, he also felt that the area would be something interesting in the next five years and would build an industry -centric university in producing a group of skilled workers.