Not bad results @dompeilee your analysis was accurate.

ParksonGuy heh. I really love people like you. Your what I call dry humpers. You keep Dry humping on a few so called broad ranging news items and call it one thing until everybody gives up and says OK stop your humping we believe you. I witnessed this when I posted on DUFU a few years ago people kept humping on the fact that HDD sales is broadly dropping without looking at the details which is what I do and find the value in them.

So lets analyze your point about BPMB and the fact that they've sold off their entire control Maybulk to mean that they are pumping and dumping.

In Maybulk 2019 Annual Report at April 17,2020 BPMB owned 183,945,700 shares of Maybulk.

After that they have been disposing Maybulk steadily starting from December 2020.

Here is the amount the got rid of each month.

January - 19,335,700
March - 29,803,800
By April 15th - 47,806,400 -> Note this date as this is before Choivo showed his report and the price for Maybulk at this time is .62 something around there.

So we have nearly half of Maybulk shares disposed long before some chubby knucklehead put up his analysis of the company. If they were trying to make some money to pump and dump they have already lost nearly half their shares before things went crazy.

Now do I think there is something happening in the background, definitely yes. But is it negative news whereby a large shareholder like BPMB is just trying to run before the price goes down. I truly doubt it. Because if that is the case then PPB Group would have also been included in the sales of the company.

In fact if you analyze the top 10 largest shareholders recently according to this https://www.marketscreener.com/quote/stock/MALAYSIAN-BULK-CARRIERS-6496637/company/

and compare it to the April 17,2020 Shareholders you'll see Great Eastern Life went from 7 in the list to number 4 in the list of top shareholders. And it wouldn't even surprise me if there is some changes in other shareholders.

So in short take what I've analyzed Dry Humper and decide for yourself if BPMB sales is a sign of negative news or just the government trying to get quick cash to pay for COVID vaccine.

WallStreeRookie seriously huh you both read and belive believe Calvin? Wow you need to get your head examined. Look up DUFU in I3 and look around Page 79 to 83 and my disagreements with him from 2018. Nothing I've read from them since then has impressed me with his analytical skills.

Pang72 at least has enough good sense to know a good analysis when he reads it. Maybe you should stop saying people like Choivo is a faker and give up good factual based points on why a company share is not worth the current price.

Choivo now your being mean. ;)

=====
Knowing how talented he is, he will somehow lose money again, and then blame me.

WallStreetRookie So passive aggressive.

Wow all these broken records saying pump and dump. Ya'll sound the jealous lover telling the girl to leave the guy cause he's going to pump and dump.

Choivo just ignore them. Their trolls and you don't feed the troll in the Internet.

Your a value investor like me, researching the numbers myself shows that the companies profit's will go up in coming quarters, no need to care. You'll make money and they will keep saying the same thing and repeat what they said again and again to drive the price down. Even if Q3 and Q4 record profits, they will use the same example that 7 CEO's in 10 years to explain that your lying and pumping and dumping. Or look for other BS reasons like GLC companies always pump and dump. etc etc etc.

The price will go up. The Price will go down.

I've done my homework and shared most of it with you guys. Trust the broken record if you want and sell. You will all have to figure out your own selling price. I personally don't give two tugs of a dead dogs penis about the current price.

To be fair it most likely will go down today due to both profit taking and economic data from the US. The annoying part is how so many of these doom preachers always talk like this, knowing it's the natural cycle of any market so they can show these posts as a later example of how smart they are.

I honestly never left. I just don't feel the need to waste my time commenting. Price will always fluctuate. Its the long term value of the business that will always win in the end.

Just read all my posts from last year. It clearly explains why DUFU HDD business isn't related to JCY HDD business. They sell to different HDD segments. One is growing while the other is not growing.

The reason DUFU price is now rising is the previous quarters earning showed that DUFU last years earning is not an anomaly thus the bigger firms have confidence that DUFU is worth to invest on the coming months.

The so called reduction in price between SSD and HDD is actually false when you look deeper into the issue. Applepen your so called Sifu just only read the articles who say that the price difference has been going down. However the truth is a little bit more complicated. The article link as below will show.

https://thessdguy.com/are-ssds-approaching-price-parity-with-hdds/

Basically the price difference situation between SSD and HDD has actually stayed the same since SSD was introduced in 2007. On a personalized individual PC level the SSD is getting cheaper per GB than it was in the past compared to HDD. However as the article, above explains at higher capacity the cost difference between SSD and HDD goes back into 5 to 1 difference or even as high as 10 to 1 when comparing the new 16TB Helium HDDs.

Going deeper in WD and Seagates reports you should all be looking at the Enterprise Sector HDD sales or their term is Data Center Devices & Solutions

These are the sales numbers for Western Digital in millions

3/30/2018 6/29/2018 9/28/2018 12/28/2018 3/29/2019

Data Center Devices & Solutions1 1,660 1,612 1,446 1,074 1,245



This is Seagate sales in total Exabytes sold per quarter for Enterprise HDD.

Q3’17 Q4’17 Q1’18 Q2’18 Q3’18 Q4’18 Q1’19 Q2’19 Q3'19
2.3 2.2 2.1 2.4 2.5 2.6 3.0 3.4 2.9
30.0 21.4 21.2 25.1 35.1 41.3 44.5 42.5 33.0


All shows sales are still growing and good for Enterprise type HDD sales long term. So in my eyes yes DUFU might not have as good as quarter as last year but it won't be a major disaster nor downturn. It's just retrenchment.

hellokitty88 from my experience global average P/E ratio is 13. Global Tech Companies long term P/E ratio average is 17. As long as the P/E for DUFU is below these two global long term averages I consider the price to be undervalued most of the time.

Unless the business itself is doing bad, but that can be surmised most of the time from looking at companies financial statements. Please note I said statements not statement, meaning I usually look at as many company financial reports I can stomach. In DUFU's case I went back 11 years looking at all the financial reports in detail as much as possible looking at trends and such. So in my opinion they've got a sound financial business with the current Enterprise HDD for at least a few years.

As for everybody else who is going to ask my opinion on DUFU's 4th quarter. I am certain it will exceed their 2017 4th Quarter and their 2016 4th Quarter. However I am not certain it will exceed their 2018 3rd quarter but that to me is not important because their 2018 result's overall has been very good and I am certain they can maintain those numbers this year. Hence the reason I've kept my share despite the hyperbolic's.

Yu_and_Mee go through the back comments in DUFU and look up my posts from August onward's. Then you will understand why DUFU results is good while JCY's results is not.

Let's just agree to disagree. Good night.

Hi Sslee

Let's break down my original comment.

I was comparing Julius Nyerere with Suharto and their legacy.

Unfortunately we do not have accurate numbers on GDP of Tanzania during Julius Nyerere time and compare them with the same period with Suharto.
But it is generally accepted by all economist that Indonesia economy grew under Suharto time while Tanzania's economy shrunk during Juliis Nyerere time. These two links will show.

This article belows states that.
https://www.indonesia-investments.com/culture/economy/new-order-miracle/item247?

These article praises Nyerere but admits that economically Tanzania isn't doing so well.
https://www.nytimes.com/1975/12/12/archives/economic-woes-and-drought-peril-tanzanias-gains.html
https://www.nytimes.com/1990/10/24/world/nyerere-and-tanzania-no-regrets-at-socialism.html


But lets look at the numbers during Suharto period.
These statistics is from the world bank data.
https://knoema.com/mhrzolg/gdp-by-country-statistics-from-the-world-bank-1960-2017?country=Indonesia

There are no data during Nyerere time but the data on Tanzania after he left can be seen.
https://knoema.com/mhrzolg/gdp-by-country-statistics-from-the-world-bank-1960-2017?country=Tanzania


If you note, those numbers on Tanzania which is after Nyerere time with GDP per capita in the 1980's showing that doesn't even match Indonesia GDP per capita during the 1970's. In Raw numbers alone Indonesia was doing better economically during Suharto's time than Tanzania is doing before, during and even after Nyerere time to the current day.

Ignore the numbers and lets look at the base infrastructure developed during Suharto's time and during Nyerere time.

After 1998 Financial crisis Indonesia still had banks, International Airports, Manufacturing Industries and a transportation network to rebuild the nations economy after 30 years of corruption.

While after Nyerere there were no banks because the financial institutions had been wrecked when the Tanzania nationalized the banks during his time, there was no manufacturing factories to help rebuild, their airports barely reached 1000 international visitors at the end of his presidency. Etc etc etc.

Even Nyerere with deep honesty and Humility admitted he failed when he stepped down as president in 1985.
http://internationalpublishers.tripod.com/id25.html


Which circle back to my original comment. Indonesia was richer after Suharto while Tanzania was not. The rulers of both nations existed in the same period. They both choose very different paths to ruling their nation.

Nyerere legacy was a poorer but stable nation from the time he took power. His honesty and idealism kept the nation stable. But it did not make the nation or it's people richer, though an argument can be made that the stability itself is a good legacy.

Suharto legacy is a richer nation from when he took power. A nation that had a strong enough infrastructure to take advantage of good stable and honest government to make the country even richer and better after he lost power.

Was Suharto regime a corrupt regime? Hell Yes.

Could things have been better with somebody less corrupt? Most likely, we all look at Singapore as the example.

Does Suharto deserve praise for his accomplishment? Not really. The reason Indonesia is richer is because he himself wanted to make himself richer. It was by accident not deliberate policy to make things better for everyone.

Did Suharto leave a big debt problem for his nation that needed to be fixed by future leaders? Definitely.

Disagree with me but the numbers do not lie and we have to accept the history as it is and only try to make future decisions on the lessons it gives us.

EatCoconutCanWin huh where did you learn that, or why do you say that?

Intel and Micron are computer chips makers meaning Semiconductor based manufacturing. DUFU makes precision metal components. That is totally unrelated to what Micron and Intel needs for their business.

Hi Alex,

Just call me Chang, or CYF like everybody else is doing. Familiarity is not something I give lightly.

When I started investing I organized all the data myself and did the raw number crunching. It's only recently in the past 3 years that I started using Equities tracker and their equities management tool. https://equitiestracker.com/ It's not cheap however I find they have a pretty good beginners and intermediate course on Value Investing that I recommend to a lot of people also.

Ok lets tackle the issue with the directors credibility.

Your asking for my view point. Short answer is, I personally do not care a lot about what happened. The business operation is more important than ethical management.

In DUFU's situation I consider the Ethical breach to be inconsequential to the overall running of the business. Let me break it down for you.

- Yong the former CEO had embezzled some money from the company.
- He wasn't attempting to manipulate the companies annual reports to make the company profits look better, to manipulate share prices.
- The manager was fined by the SEC not jailed
- The reason the SEC fined the management is because they repaid the money they embezzled from the company.
- Which mean in the end no real harm was done to the companies finances.
- The fact that the SEC has already investigated the company means that DUFU is now under their radar.
- Which means any further whiff of wrong doing by DUFU will immediately cause bring the SEC down on them.
- For now DUFU's directors have to walk on some eggshells to make sure they don't bring further SEC scrutiny.
- I'm not entirely happy with Li being the head of the Board of Directors in DUFU and the CFO of the company.
- However since Li also owns the largest single share of the company I trust him to not piss on his own well.

This situation whereby the head of the board also holds an administrative position in the company is not that rare in Malaysia. Look at Lim Kok Thay and Genting. As long as the guy on the top holds a large chunk of share in the company they wont do much harm to the long term prospects of the company.

I long learned to accept that since I live in Southeast Asia I'm going to have to live with a degree of Ethical Flexibility in regards to corruption.

I recommend you read the following book.

False Economy by Alan Beattie
https://www.amazon.com/False-Economy-Surprising-Economic-History/dp/1594484449

I read the book about 8 years ago and one portion stood out. The arthur compared the most honest ruler of an African nation in history Julius Nyerere to one of the most corrupt Leaders in Southeast Asian history Suharto and concluded this. Even though Nyerere is universally revered as honest he made his nation poorer while Suharto made his nation richer.

Hi Alex,

First check out my posts on the DUFU forum page in August 2nd this year. I am just reiterating what I said post to you.

To answer your first question about DUFU's Moat. DUFU doesn't have a Moat. It has a competitive advantage from being the first manufacturer to retool their manufacturing to take advantage of new technology in 2012. In fact check out my previous posts in August 13th where I showed how DUFU did a lot of capital expenditure to take advantage of the new technology that is coming out. In theory any other manufacturer could also do the same thing to retool their machines to make the component required for the new technology.

The fact that you would think DUFU has a Moat tells me you've read some of the investment literature but barely understand them.

Warren Buffett and his partner Charles Munger used the word Moat to depict the market situation they witnessed, because it is a very special situation.

Lets go back to some history and try to understand the Moat analogy. A Moat is big pile of water surrounding the medieval castle. If we look at the castle as the company we see the Moat as a powerful defensive structure to protect the castle or the company. Compared to other defense structures like a wall a Moat takes a lot of work to build just like a business moat because it takes a lot of effort by a company to build a brand into a Moat like Coca Cola for instance. But why did Warren Buffett and Charles Munger used the word Moat and not a wall. Because if we take the defensive castle analogy further a Moat is a very powerful defensive structure that takes a lot of work and manpower to break. You cannot directly assault it without already losing men as they drown trying to swim the moat. They have to take time to drain it of water, fill it with rocks so they can walk over or build bridges over the Moat. All of these is risky and give the defender time to do more damage to the attacker.

So we take that to actual brands that have a Moat. Coca Cola for instance the first company Buffett and his team said had a Moat. The name Coca Cola is so famous that it will defend the companies revenue in all sorts of times that will assault a company's profitability. In economic recession people would buy less designer clothes but they never stop drinking Coke. If we have an analogy for a Moat in Malaysia it would be Nestle and Milo. When times are bad children still drink Milo.

A Moat is a powerful business position to have whereby your brand or your product cannot be easily copied so it become hard for other business to fight your company to get more market share. At the same time it defends your business in bad economic times because you will still expect a good level of sales of your brand or product in bad times.

As for where I get the company annual reports I'm not sure I understand your question. Are you asking where I can get all the data organized in a way that is easily readable and comparable? Or are you just asking where I can get all the annual reports for a specific company?

Finally don't call me Bro. I'm a pedantic person and Bro to me means "Brother in Arms" since I came from a Military College and I am certain you never served, you haven't earned the right to call me brother.

I'll answer your second question about credibility tonight as that one is another long post.

Hi Alex,

Thanks for writing down your fundamental analysis. I was the person who posted the question. Reading through your fundamental analysis answers, the thing that stands out for me is all of it is very surface level on the industry and not on the company itself. It goes back to my original point that your style of Fundamental Analysis is very different from Peter Lynch's style. This is not an attempt at insult, but rather to help improve your analytical abilities for the future, because I always believed that a fundamental analysis is about the company not about the industry the company is in.

Lets break down your analysis and lets see if we can help you learn to look deeper in the future.

Fundamental analysis
1) HDD business is only as good if SSD never catches up. One day it eventually will. Hence, HDD to many is a sunset industry.

-The flaw in this view is the definition of a sunset industry. What exactly is a sunset industry? The generally accepted thing in peoples mind is the industry will dissapear like the buggy whip makers when cars were invented. I recommend you do some research on that first. Here's a link to help you get started. http://www.nytimes.com/2010/01/10/business/10digi.html?hpw

The main takeaway is that companies and businesses adapt to the changing trends. Some businesses stop because they couldn't adapt. While others prospered for decades in the new environment.

So lets look into SSD vs HDD.

I'll give an example of how I do my research. First when I look at all the HDD and SSD makers annual reports I noticed that the HDD industry is broken down into two main sectors in their reports. Enterprise and PC's. While overall HDD sales was reducing for Western Digital and Seagate, the per total units sales of Enterprise HDD was rising for both of them and industry wide.

Doing a google search for Enterprise HDD and one word keeps popping up. Helium HDD drives. This is new technology that the industry that only just matured into general release in the market. At this point I did a keyword search for the word Helium on the annual reports for HDD parts manufacturers in Malaysia. Only one of them had the word Helium listed on their annual report and that was DUFU. Looking at DUFU's overall business numbers and compare them to the other HDD parts makers like JCY and you will see their sales growing while the others sales is reducing.

My thoughts were as follows. This is a company that has what seems a near monopoly on a new technology that is trending on an industry that a majority of analysts thinks is a Sunset Industry. It's P/E ratio at the time was lower than 10, it's cash position is relatively 30% of the companies overall share price, plus there is little debt. This was a very good opportunity for a 3-5 bagger as Lynch calls these things. Hence my own heavy investment on this company.

2) Recent Big Data trend pushes for more use of existing and improved HDD technology to co-exist with SSD technology.

-Read my post above.

3) Dufu's major customer seems to be a solid one.

-No comment on this one.

Correct.

And as for email just remove the numbers and you should be good.

hehehehehe. Reopen the doc again and re-enter the info again.

Hmmm not getting a text do you have Whatsapp or Telegram?

Crypt Zero Two

Hmm can't seem to open the forms when I cut and paste the links.

Calvin if you have proof please go to the Securities Commission of Malaysia and lodge a complaint with them.

https://www.sc.com.my/enforcement/actions/

RJ87 hmmmm Ok I guess next best thing is your going to have to contact me directly. Go to this shop. Wira Games & Hobbies.

https://www.facebook.com/WiraGamesHobbies/ ask the manager Edwin for my number, I'll tell him to give it to you and then you can call me and well talk.

RJ87 nice to hear from you again. I'm wondering if there is a way to message you privately via the forum cause I would like to meet up to talk about your analysis on some of the other shares your involved in.

Calvintaneng either your right or your not. In my opinion DUFU is not the stock your purport it to be so well see.

Calvintaneng

As I said to shpg22 I know why bought DUFU. I only shared my research because I was in a generous mood. I'm in no hurry to sell it because the business condition that brought up increased sales is still the same.

Peter Lynch in his second book "Beating the Street" has this to say about the situation we are in right now. It is from Chapter 5 Magellen the middle years.

'Analysts love to brag about how they "initiated coverage" on a company when the stock was selling for 25 cents, and ten years later it is selling for $25. What's more important is whether they reinforced their opinion when the stock hit $5, then $10, then $15. An initial buy signal is quickly forgotten, and if that's all the analyst has provided, the audience has missed the chance to profit from the stock farther up the line.'

Your final point.

Is HDD is sunset and insiders making a killing before dufu business fold up? Jcy has not been doing well in HDD and yet Dufu is goreng and goreng up in the last hurrah of a sinking Titanic.

I would recommend you read my past posts on what is the difference between DUFU's HDD components compared to their competitors like JCY. HDD in regards to consumer sales to like PC is on the downturn but HDD sales to the backend Enterprise markets is on the upswing and that is why DUFU's sales is up.

I would like to discuss your points and go through them one by one.


1. Profits we're largely Receivables
This would be relevant argument if throughout DUFU last 10 years of operations their Receivable is lower than Payables. However if you look at their Balance sheet in Receivable and Payable section for the past ten years you will note that Receivables have always been higher than Payables for the last 10 years.

DUFU
BALANCE SHEET @ 2017 @ 2016 @ 2015 @ 2014 @ 2013 @ 2012 @ 2011 @ 2010 @ 2009 @ 2008
Creditors / Payables 25,665 28,129 24,694 26,318 17,202 19,408 15,021 15,749 19,564 19,920
Debtors / Receivables 51,234 54,508 52,752 49,575 31,966 30,191 28,617 39,485 39,428 26,364

From what I can gather this is an industry standard.

Look at Vitrox Balance sheet. 10 out of the last 10 years Receivables have been higher than Payables.

Vitrox
BALANCE SHEET @ 2017 @ 2016 @ 2015 @ 2014 @ 2013 @ 2012 @ 2011 @ 2010 @ 2009 @ 2008
Creditors / Payables 86,647 71,316 30,481 40,460 18,276 17,111 12,173 11,971 2,965 2,267
Debtors / Receivables 129,809 106,896 95,344 78,203 53,353 40,371 22,876 18,467 6,246 5,659

JCY also. 6 out of it's last 8 years Receivables have been higher than Payables.

JCY
BALANCE SHEET @ 2017 @ 2016 @ 2015 @ 2014 @ 2013 @ 2012 @ 2011 @ 2010 @ 2009
Creditors / Payables 217,115 231,967 323,326 283,989 255,428 351,911 257,740 243,408 465,300
Debtors / Receivables 328,690 328,751 381,480 309,239 238,801 425,342 337,009 354,310 345,300

So what you see as a warning sign is just industry standard.

2. Cash position did not improve much
DUFU just bought two new properties for expansion of their manufacturing lines in the last 3 months, that would impact their cash position.

3. Dufu looks and smells very fishy
I suspect I know why you think it smells fishy. It's a beginners stock investors mistake. Especially since you showed that you don't go in depth into a companies or industry history when you talked about Receivables like it was an anomaly.

4. Bonus Issue is the Final Bait to lure in victims
Though the Bonus Issue has been the most unexpected thing for me, however I do not consider it to be signs of price manipulation. DIGI also did something like that when it started its price run up, their Stock split reducing the price from RM8 to RM4.

5. One Insider completely sold all his dufu shares 100% and run
This insider has been buying and selling since 2015. As you can see from the lines below.

MR SUNG, CHENG-HSI 13-Nov-2018 Disposed 264,500 3.571
MR SUNG, CHENG-HSI 23-Aug-2018 Disposed 25,500 2.050
MR SUNG, CHENG-HSI 21-Aug-2018 Disposed 319,500 2.050
MR SUNG, CHENG-HSI 28-Nov-2017 Acquired 609,500 1.350
MR SUNG, CHENG-HSI 21-Mar-2017 Disposed 400,900 1.210
MR SUNG, CHENG-HSI 21-Mar-2017 Disposed 300,000 1.200
MR SUNG, CHENG-HSI 12-Jul-2016 Disposed 151,000 0.660
MR SUNG, CHENG-HSI 11-Jul-2016 Disposed 500,000 0.658
MR SUNG, CHENG-HSI 11-Jul-2016 Disposed 200,000 0.655
MR SUNG, CHENG-HSI 08-Jul-2016 Disposed 200,000 0.630
MR SUNG, CHENG-HSI 09-Oct-2015 Others 1,751,900 0.000

Meaning it has no relationship to current price upswing.

What is more relevant to insider trading is if the insider who has been acquiring for a very long time. Mr. Lee has disposed of any. And we have not see any sales from him in the run up for this share since his last purchase of the stock in July 2018.

MR LEE, HUI-TA ALSO KNOWN AS LI HUI TA 05-Jul-2018 Acquired 98,000 1.018
MR LEE, HUI-TA ALSO KNOWN AS LI HUI TA 04-Jul-2018 Acquired 44,000 1.020
MR LEE, HUI-TA ALSO KNOWN AS LI HUI TA 27-Apr-2018 Others 1,398,000 -
MR LEE, HUI-TA ALSO KNOWN AS LI HUI TA 05-Mar-2018 Acquired 671,000 1.160
MR LEE, HUI-TA ALSO KNOWN AS LI HUI TA 02-Mar-2018 Acquired 222,000 1.158
MR LEE, HUI-TA @ LI HUI TA 10-Oct-2016 Acquired 90,000 0.569
MR LEE, HUI-TA @ LI HUI TA 07-Oct-2016 Acquired 415,000 0.584
MR LEE; HUI-TA @ LI HUI TA 24-Jun-2016 Acquired 645,400 0.588
MR LEE; HUI-TA @ LI HUI TA 26-Apr-2016 Acquired 50,000 0.475
MR LEE; HUI-TA @ LI HUI TA 04-Apr-2016 Acquired 64,000 0.475
MR LEE; HUI-TA @ LI HUI TA 28-Mar-2016 Acquired 36,000 0.475
MR LEE; HUI-TA @ LI HUI TA 16-Mar-2016 Acquired 53,000 0.475
MR LEE; HUI-TA @ LI HUI TA 15-Mar-2016 Acquired 50,000 0.475
MR LEE; HUI-TA @ LI HUI TA 20-Nov-2015 Acquired 1,000,000 0.397
LEE; HUI-TA @ LI HUI TA 29-Sep-2015 Acquired 9,321,400 0.270
LEE; HUI-TA @ LI HUI TA 24-Apr-2015 Acquired 1,030,000 0.428
LEE; HUI-TA @ LI HUI TA 23-Apr-2015 Acquired 1,310,000 0.424
LEE, HUI-TA ALSO KNOWN AS LI HUI TA 15-Apr-2015 Acquired 1,638,248 0.370
LEE, HUI-TA ALSO KNOWN AS LI HUI TA 08-Apr-2015 Acquired 1,665,000 0.408
LEE, HUI-TA ALSO KNOWN AS LI HUI TA 07-Apr-2015 Acquired 605,000 0.375
LEE, HUI-TA ALSO KNOWN AS LI HUI TA 03-Apr-2015 Acquired 275,000 0.365
LEE, HUI-TA ALSO KNOWN AS LI HUI TA 05-Sep-2013 Others 16,924,500 0.000
LEE, HUI-TA ALSO KNOWN AS LI HUI TA 19-Jul-2013 Acquired 6,118,188 0.200

I just registered though I would like to talk to you face to face to understand what is your PHD paper about.

paktua73 good on you. By the way where is RJ87? I haven't seen him post since August.

PW888 I guess you owe me drink.

But I'm going to be honest, to all the people paying attention to my posts, I'm not very comfortable being some sort of guru poster so I'm just going to warn you all that I'm not going to be announcing when I sell or anything like that.

My job is equities investing and capital appreciation for myself and my family, nothing more. In theory by posting people can say I am manipulating stocks prices which is not my intent, but it is a reasonable assumption.

I'm just posting as I said to help some people learn about value investing and how by understanding a companies business you can earn a lot more than through other ways like technical analysis. This is just my proof that the true 200% 500% returns is through value investing strategy.

Lesson over.

plroo7 most likely end of November. Remember they have the EGM for the new share issue this Friday. However before you all get your nickers in a twist I'm going do some teaching right now, since I consider DUFU a good teaching opportunity on top of a good stock for new value investors.

A trick you guys can do next time to know a companies overall performance ahead of time is to look at their customers quarterly report. Since DUFU's two biggest customers is SEAGATE and Western Digital both of whom is listed in other stock markets and both just released their quarterly reports last week. You can go check those out to see how DUFU sales is doing to them.

But remember DUFU is selling one very specific type of product not just HDD drive components but HDD drive components for the Enterprise market because of the Helio HDD Drives. Learn to read through WD and SEAGATE QR to find the little nugget of information relevant to DUFU and decide for yourselves if this is really a speculative situation or a value buy or hold.

There is no specific date attached to their announcement. But from what I understand is Bursa Malaysia rules they have to give an announcement with a specific date of the exercise 2 months from date of the initial announcement. So wait and see.

I did not expect the bonus issue. It's nice, but totally unexpected.

shpg22 "shrugs" well see if your right or not. I've already listed my research and views in previous post on this thread and it hasn't changed. I'm still holding my chunk of DUFU and I haven't sold a single lot yet.

Though you are some what correct that the pump and dumpers are jumping in now to make a quick buck. I'm personally amused at the NOISE they are generating. For instance these speculators have used the "Bonus" share issue trick twice in the past month to pump this stock. And they've just used the "Fake Financial Reporting so under SEC investigation" trick also. So now I'm waiting for "Government Contract" or "Government will change rule" trick.

I'm personally more interested in the next quarterly report than all this NOISE. It will go up and it will go down in the mean time.

Yes an no. As you can surmise from the stocks I've talked about in the past DUFU is not my first big return stock. From my own experience I have witnessed such exuberance and massive attempts by others to pump and dump throughout the years.

This always happened with undervalued stocks, once the market as a whole realize a stock is undervalued, there wont be just value investors like me coming in, but speculators, and institutional investors trying to pump the stock with NOISE to make a quick buck. As I commented earlier it's like death and taxes.

The question on everybody who's read my earlier posts should be is the current price reasonable for the overall business value of the company? Since DUFU is going through a massive growth phase due to HOT new technology and the new technology hasn't achieved market saturation yet is a price of RM2.40 which is a P/E of 14 too high when compared to industry average P/E of 17?

Well shpg22 it seems like you've got your wet dream. Though the P/E ratio is still relatively low.

RJ87 unfortunately true. However I do believe I've given quite a lot of knowledge for majority of the value investors here to figure out their exit price. Though I'm sure you all would love to know how I research Market Saturation for High Density HDD.

I'm curious on how they do the valuation of the top shareholders value is it based on the closing price at a certain date because honestly my valuation should be above 2 million as of Friday, not 1.76 million.

RJ87 Institutions pushing up share prices is always going to happen Death and Taxes. It's doesn't just happen in the KLSE, America has thousands of historical cases of institutions manipulating prices.

Trying to beat them in their own game is akin to trying to mud wrestle a pig. You might win but you'll be dirty and smelly afterwards.

Mostly I ignore them. The only thing I care about is whether the share price is now higher than the business fundamentals I researched. If not then I hold on, if yes I would sell it and look for something else.

NOISE is the name used by Equities tracker, for the "hypes", "rumors" and "Technical Analysis" that are the stock and trade of these manipulators.

Let's take a look at the rumor that there will be Bonus Issue, I'm going to ask you a Socratic Question have you ever observed a company to issue bonus shares after it did share buyback 6 months ago?

They have a living to make, selling their software. I'm not in the mood to take away other peoples living nor am I their competitor so I do not wish to comment.

RJ87 do me a favor and just drop it.

I'm willing to be magnanimous and I understand it is most likely the closest I will ever get to an apology from SuperPanda.

One thing I've learned is unless you are willing to destroy a person completely best to leave them with some dignity.

michaelwong I've miss read so pardon me.

SuperPanda fair enough well leave it at that.

Sorry but I don't quite understand what you are trying to say. Do you mean it is my blunder (mistake) that I decided not to spoon feed people or is it a blunder (mistake) that I did not provide the data on time, or it is a blunder (mistake) that I did not give detailed exact number by number analysis on whether people should hold their shares at a certain price? Could you please elaborate.

michaelwong I have already provided the data on how to calculate YOY potential for DUFU in my previous posts. I'm not in a mood to spoon feed people.

Actually I'll bit SuperPanda.

I'm willing to provide screen shots of my Kentrade Portfolio which shows my current ownership of DUFU how many shares I've bought and the AUC I bought them at, plus I'll even include screen shots of receipts from Kenanga online which shows purchases I made for DUFU in my name.

But before I do that what are you willing to put up in return for me to publicly disclose something that should have remain private to prove that I am the rarest thing around here a long term value investor altruistically providing knowledge for free that I can in theory charge thousands of dollars per person for? What are you willing to bet?

RJ87 I don't charge because I hardly ever talk about my investment strategy. In theory I should for DUFU but I'm already in good enough shape financially that I would rather have more educated value investors in the market. Hence I broke my usual silence and decided to post my DUFU research especially my research on SSD prices.

Because no insult to you or investor 9999 that was the missing info to make DUFU price skyrocket. Nobody could counter the one arguement that HDD is in the downswing compared to SSD. No matter how many times you guys brought up the good numbers and P/E ratio somebody would say HDD not as good as SSD and everybody would worry.

This is what I mean by understanding the business. My curse is I'm one of those who cannot leave a question unanswered at least to my own satisfaction and I will spend hours or days to research the answer. I don't just read what everybody is saying I go to direct sources and read the raw data themselves to find my answer.