ViTrox Corporation Berhad (“Vitrox”) (KLSE:VITROX) designs and manufactures innovative, leading-edge and cost-effective automated vision inspection equipment and system-on-chip embedded electronic devices. Vitrox was listed on the MESDAQ market in 2005 and successfully transferred to the Main Market of Bursa Malaysia on 9 November 2009. Since its listing, the stock has been a multi-bagger for its investors, its share price has grown over 1,200% in value. In this article, we will take a closer look at the business, management and financial aspects of the Group, to assess whether it is worth an investment. Business Overview Vitrox’s business comprises three core products:

• Machine Vision System (MVS) – inspects for defects on integrated circuits in the semiconductor and electronic packaging industries.
• Automated Board Inspection (ABI) – inspects for defects for several types of printed circuit boards for customers in the telecommunications and automotive industries, etc.
• Electronics Communication System (ECS) – products for data communication and motion control to help integrate Vitrox machine vision systems with customers’ machines.

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