sure can buy, it now in uptrend mode. Will rebound further.... with its high earn per share... it does not deserve this price....should be 1.5 and above.... nw whole klse is bullish...u should have a try. This is just my personal opinion
Those miss the boat will regret. Smart , have said its an uptrend mode... believes or not is up to u. Trade at.your own risk...... Good Luck and Happy Investment
sure still can buy, u noe just nw how many lots was sold at 1.28 and 1.3? just nw i already ask you to buy at 1.28, for long term tp is 1.5++ but trade on ur own risk, it just my opinion. I like to add on when bullish
Don't worry DUFU still intact , not at overbought position. Now is just market correction and profit taking. Later u c DUFU going higher n higher . Don't regret for your action...hahaha.
UncleJohn a bit hard to break la, wait later 4 pm dumping (if got any) baru buy... 08/01/2018 14:23
Yesterday UncleJohn said he would buy if the share price goes down. The lowest for the day was RM1.27. Now UncleJohn said he bought at RM1.23. Don't talk cock and cheat lah, Uncle.
Sales for Q4 is expect to increase inline with Seagate Q2
Based on preliminary Q2, Seagate expects to record 88 exabyte shipments with about 40M drive shipments and an average capacity per drive of 2.2TB in Q2. In Q1 2018, the shipments were 70.3 EB averaging 1.9 TB.. Increase in shipments in Q2 of vol of HDD shiped when you look at above table and graph.
Seagate is one of Dufu largest customers and Dufu revenue would increase in this Q4 compared to Q3 based on abover Seagate increase in shipments.
This is consistent to my information from what I have just seen in a non listed key HDD business player (who is also a key industry player with more than 50% global market share dealing with Seagate and WD) for its Dec 17 closing and Q4 17 and found it to be stronger than Q3 17 and Q4 last year. For both its Malaysian and Thailand operations. Dufu business performance for Q4 should be inline relatively to this Group. My source who deals with Seagate and WD in US Corporate had also invested in Dufu
Key take home of Seagate preliminary informations having indicatios of coming Dufu Q4
The strength in the Company’s revenue and gross margin for the quarter was driven primarily by better-than-expected demand for the Company’s HDD mass-storage solutions portfolio and operational execution.
“Our revenue growth and strong portfolio profitability in the December quarter reflect solid demand for high-capacity mass-storage solutions, particularly for our cloud-based environments,” said Dave Mosley, Seagate’s chief executive officer. “Availability of our cloud and edge portfolio remains constrained with broad-based customer demand globally and we are looking forward to planning discussions with a significant number of customers at CES this week,” said Dave Mosley.
Due to industry forecasts for explosive data creation and next-generation workloads over the next decade and beyond, the storage industry anticipates an increase in global storage needs for existing and new markets. To address these needs, Seagate has developed and invested in building a robust digital storage portfolio to provide customers with solutions that fit their dynamic storage needs, including HDDs, SSDs, and hybrid solutions.
Dufu Prospects Statement in Q3 on Q4 is now supported by Seagate Preliminary Result announced on HDD industry and demand
18. Prospects 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.
I think the market is reflecting the impact of weaker usd on dufu’s profitability. For fy2018, the reduction in profit after tax would b at least by rm7m if ringgit stays at the current level or strengthens. At eps of rm0.10 a year, the share price may fall further towards rm1. For a mainly hdd biz, pe of 10 is quite fair given its rm40m net cash.
Most tech companies in manufacturing also have very high import cost components, so the forex issue is there, but should be manageable. Still, for tech companies, they had been doing very well the past several years not bcos of forex gains, but bcos of increased sales from global tech sector upcycle... and this up cycle is still strong.
So, for Dufu, Forex should still be manageable... If you recall Q1 16, RM appreciate from 4.30 on 2 Jan 16 to 3.89 to mid-April 16 and at 30 Sept was 4.125 and Dufu was profitable for the 9 mths in 2016. If you take Q3 16, the RM to USD range from 4.00 to 4.125 and in Q3 16, and Dufu made a net profit of RM7.36 mil in the quarter. Hope this allay your concern
The Company has sent a strong statement to the market that it is not please with its current share price and did substantial share buyback to support share price on the following dates
22 Jan Purchase 216,800 shares at price range 116 to 120
17 Jan Purchase 161,000 shares at price range 118 to 120
14 Dec Purchase 285,000 shares at price range 119 to 120
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....
Peng1185
283 posts
Posted by Peng1185 > 2018-01-08 12:50 | Report Abuse
Bigger volumes today hope to break 1.27 n fly fly to 1.30