Digitalisation drives the tech stock high especially ViTrox and Inari Amerton. 2020 is a good year for us to reflect on the changes that happen for the decade. Some of us are worried that one day AI or robots might take away our jobs. We realise that our life can be much simpler, more comfortable and more efficient with all digital tools in place during the lock-down. Below are some of the things that went digital in the past few years. These benefits are so apparent during MCO! Thus, let’s see how many of them apply to you.
1. Face-to-face meeting to virtual meeting
We used to fly people around the globe for a conference and meeting. Logistics and hotel accommodation expenditures were spent just for a meeting or a conference. The lock-down makes the management realize that virtual meetings can potentially save so much hassle in terms of travelling.
2. Manual Reporting to real-time visualization dashboard
PowerPoint slide used to be our one and only one presentation style. However, recently, many companies have started to adopt PowerBI, Tableau dashboards as they are more interactive. These visualization dashboards allow the management to make quick decisions. All they must do is drop and drag.
3. Manually performing some daily task to everything using apps
A classic example would be the e-wallets. Three years ago, we felt so insecure when we went out with RM100 in our wallet. Now, after MCO, if you ask around your friends who live in Klang Valley, I beg most of them would tell you they have somehow joined the e-wallet crowd. They are more comfortable going cashless! Why? It is because they are worried of touching cash! So, now we are even more dependent on our smartphones.
So, guess what, this drives our tech stock price soar again. Let us, deep-dive, into some tech gainers from this crisis. Vitrox and Inari Amerton.
It is started in 2000, focusing on automated, cost-effective automated vision inspection equipment. One of their solutions is V-one industry 4.0 Smart Solutions. It is a highly customisable one-stop platform to help the management to make a data-driven decision in the manufacturing process. The management team can monitor production remotely and in real-time. Its dashboards are powered with AI and analytics capability.
1. Gain from Trade War
While many people are worried about the trade war effect towards Malaysia semiconductor industry, ViTrox benefits from it. Customers stocking up raw materials and semi-finished products in the manufacturing of IT, telecommunications and automation products.
2. Ride on the rising chip demand
While people spend more time on smartphones, laptop and electronic gadgets during MCOs, the chip demand booms. Recently, ViTrox surges to an all-time high.
5G uses Radio Frequency (RF) to transmit and receive voice and data connecting our communities. Inari Amerton supports in RF testing, primarily through supporting its client, Qualcomm. As a result, it contributes to part of the latest iPhone’s’ series. Thus, when the 5G phones demand picks up and especially Apple demand rises, the same goes to Inari Amerton RF testing demand increases.
In 2018, Inari was recognised as FT 1000 High-growth Companies Asia-Pacific from Financial Times.
ViTrox and Inari Amerton are the gainers from these crisis such as trade wars, Covid-19. Definitely, there are more tech stocks that Do check out our article on How 5G will improve your ability to work from home effectively.