VitroX's net profit continued to decline by 4 quarters, and YOY continued to decline by 5 quarters. Vitrox's revenue and net profit for the quarter reached RM119.6mil and RM17.2mil. The main reason why net profit for the quarter fell by RM15.7 mil (47.8%) compared to the same period last year was due to a decline in demand for Automated Board Inspection (“ABI”). Management revealed that demand for the Machine Vision System (“MVS”) is beginning to recover, and management is also actively doing research and development to develop more new products.
Vitrox also currently enjoys Pioneer status, so it will pay less than the normal 24% of taxes. Know 2025. Management remains optimistic about the upcoming needs of the global semiconductor industry. They are also optimistic about the future growing demand for artificial intelligence (AI), telecommunications, and automotive industries.
The performance this time is relatively poor; PE has reached 64. $VITROX(0097.MY)$

Nice gap up base with “ant” volume.
$BOC HONG KONG(02388.HK)$

$Zoom Video Communications(ZM.US)$ shares are dropping 3.5% to $203.94 as $Microsoft(MSFT.US)$ unveiled a standalone version of Teams for small businesses.
Microsoft Team Essentials will cost $4 per user per month and get access to core features of Teams, without having to also subscribe to Office, The Verge notes.
In comparison, Zoom has a small business plan that costs $19.99 per month per license. Zoom Pro, which the company says is "great for small teams," costs $14.99 per month per license.
Small businesses previously had to pick a Microsoft 365 Business Basic plan, which cost $5 per month per user, or other platforms, such as Slack - owned by $Salesforce(CRM.US)$, Google Workspace $Alphabet-A(GOOGL.US)$, Workplace from $Meta Platforms(FB.US)$ or others.
The standalone version of Microsoft Teams Essentials has a simpler chat interface and focuses on meetings and video calls, Jared Spataro, head of Microsoft 365, told the news outlet.
Microsoft Teams Essentials has 10GB of OneDrive storage, whereas Business Basic has 1TB worth of storage. Essentials also does not have the ability to record meetings, provide transcripts, translation, separate rooms or channels and other functions that the more expensive plan has.
Last month, Zoom's shares plunged after the company reported fiscal third-quarter results that disappointed Wall Street and acknowledged that it would face headwinds in 2022 as more employees return to offices around the globe.

$Grab Holdings(GRAB.US)$ When it comes to food delivery, I wonder if any comparisons to China are entirely valid. So much of SEA's food tends to be home-cooked, often with gravies, which is a likely natural competitor to 'drier' foods preferred by Chinese customers, from fast food chains to their own cuisines.
Going forward, isn't increased fuel costs a major headwind for Grab?

$Grab Holdings(GRAB.US)$ Grab is giving big discounts for their food service right now in Indonesia. Gojek is giving less, and shopee is the least.

$Grab Holdings(GRAB.US)$ I expected Grab's mobility segment to recover to figures between Q1 and Q2, given that COVID19 cases are stabilizing in SEA. However, this minor recovery isn't enough to justify its current $52bn valuation, where its valuation implies an expectation of 35% CAGR on top of a fully recovered pre-pandemic mobility segment over the five years. On top of that, the removal of the $10 NAV floor post-merger and the high inflationary and high risk of tapering/rate hikes economic environment adds to investors' downside risk. Therefore, we chose the conservative alternative to take profits at this price level and only leave profits on the table to capture potential spike on announcements related to its merger.