Nowadays people are talking about Industrial Revolution 4.0 (IR 4.0), which is about smart factory with the integration of Internet of Thing, big data analytics, artificial intelligence, automation etc.
Manufacturing businesses will probably lose their competitiveness and be at risk of being eliminated if they do not go for this revolution.
Automation is one of the major component of IR 4.0. It is not a surprise to see that some of the stocks related to automation have posted decent growth in revenue and profit.
Their share price keep on increasing until a PE of more than 50.
Among those solid companies related to automation and robotics are Greatech, Pentamaster and MI. They are fundamentally sound and deserve to have their share price appreciation.
Favelle Favco, an undisputed king of cranes in Malaysia, also diversified into automation business mainly in the oil & gas field in 2018.
There are other smaller automation companies listed in Bursa Malaysia such as Genetec, iStone and AT Systematization.
