Vitrox Corporation Bhd (KL: VITROX) jumped after posting a stronger-than-expected quarter, prompting analysts to raise earnings forecasts and target prices. Robust demand for AI infrastructure, an expanding product pipeline, and tax incentives are expected to drive earnings growth through H2 2026. Apex Securities lifted its target to RM11.12 (highest among 14 houses). Shares hit a record high (up to RM9.20), adding over RM2 billion to market cap; the stock has more than doubled year-to-date, making ViTrox the largest tech firm on Bursa Malaysia. ViTrox makes automated vision and X-ray inspection systems for semiconductors and PCB assemblies. Analyst consensus now: 10 buys, 2 holds, 2 sells; average target RM9.21. Firms note rising complexity of AI chips, greater high‑bandwidth memory use, and higher AI server content as demand drivers, with upside if capacity expansion and market-share gains accelerate.
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