The facts and goodies have been discounted but lack fryers. Just waiting for big legs to light up the torch to glory. Certain stocks with financials constraints and QR losses still park and find its way in the top gainers column . Sound funny.......yah !
money reclaimed. yes. but the director involved is still sitting on the board with 20% stake.
anyway, i got some stake in dufu also. I'm giving them a chance to prove themselves. I know human made mistake and can be allured by greed. I hope that the taiwan director will take opportunity to take the company to next level.
I'm still waiting for them to do some acquisition.
either go all out into high capacity HDD, and also consider involving in big data/cloud computing/industrial 4.0 trend. Please don't do diversification to non-core activities.
yea agree. dufu next quarter result should be good as Western digital and Seagate result is higher. their export of hdd shows higher figure as well. hope this will boost their quarter earnings and share price.
It seems like overall market under correction phase. Majority of the stocks sudden bashing down.Dont be in a hurry to buy...... just wait for the market to stabilise first.
yes, fundamental stock, if it's not a crisis, ignore those noises. buy and keep. we are not trader. we can't time the market and pick the lowest. unless it's not fundamental company.
For the Q3 result announced, it reported net profit of RM 6.4 mil with an EPS of 3.8 Sen and for the year to date to 30 Sept a net profit of RM 19.6 mil with an EPS of 11.8 Sen. The net profit would have been higher if not for the Forex loss of RM577K in Q3 and RM2 mil for YTD.
Financial period-to-date against preceding year corresponding financial period
Group revenue for the period ended 30 September 2017 was RM130.9 million compared with RM122.6 million for the period ended 30 September 2016, an increase of 6.8%. The increase in revenue was mainly due to the increase in demand related to Hard Disk Drives (“HDD”). The Group’s profit before taxation for the period ended 30 September 2017 improved to RM25.7 million from RM15.5 million registered in the previous financial period ended 30 September 2016.
Good FA fundamental with a good business and a dominant global market share of 40 in the HDD components it manufactured. A small bank borrowings of RM6.7 mil with RM 37.5 mil cash in hand. To-date in 2017, the Co had paid 5.5 Sen Dividend. On 20 March 2017, after taking into consideration the recommendation of DUFU’s principal adviser, Affin Hwang Investment Bank Berhad, the Board has resolved not to proceed with the share split exercise and will evaluate alternative options. There could be a share split and bonus exercise given its Reserves of RM57 mil
Current year prospects by the Board
We expect sales to continue to remain favorable towards end of 2017 as our major product is driven by the growth in high-capacity nearline HDDs as well as stabilization of client storage demand. The long-term future of HDDs are likely rests with high capacity HDDs, particularly in data centers serving cloud storage applications. The demand for high capacity storage drives, enhanced performance, and lower storage cost is set to rise. Global internet penetration, the rise in e-commerce in emerging markets, and the current trend for high-resolution media standards are the likely drivers for the continuing rise in global data storage demand.
Nevertheless, the Group will continue to improve its operational efficiency and keep a tight rein on costs to ensure price competitiveness on its products. The Group is also working closely with existing and new customers in creating value to their supply chain, and will continue to seek opportunity to venture into new business segments that can synergizes with the Group’s current business model. With this in place and considering the continuing stable demand based on the current market trend and assuming that there is no volatility in the United States Dollar (“USD”) currency against Ringgit, the Group is optimistic about its earnings and growth in the coming quarters.
Usually the uptrend mode is short-lived and cannot be sustained discounted the present weak market sentiment. I do agree with you stocklistener ..... and for those who bought for contra is at risks .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Investor 9999
168 posts
Posted by Investor 9999 > 2017-11-09 15:16 | Report Abuse
Integrity issues were resolved. It is history now. All money loss has be reclaimed back.