ViTrox’s Resurgence Viewed With Cautious Lens

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ViTrox’s Resurgence Viewed With Cautious Lens - Business Today

Quick Summary:

Both CIMB Investment Bank Bhd (CIMB Securities) and Hong Leong Investment Bank Bhd (HLIB) gave ViTrox Corp Bhd a HOLD rating with an unchanged target price of RM3.00 and lowered the target price to RM2.65 from RM3.13, respectively.

It expects ViTrox to benefit from structural trends such as AI-driven infrastructure growth and the nationalisation of semiconductor supply chains, which could support long-term expansion.

Both firms pointed to ViTrox’s improving book-to-bill ratio, which rose to 1.3x at the end of 1Q25 from 1.1x in the previous quarter, as a positive sign of stabilising demand.