DUFU (7233) - Stocks With Momentum: Dufu Technology Corporation
Dufu Technology Corporation Bhd
Trading volume in Dufu (Fundamental: 1.35/3, Valuation: 1.2/3) started to surge last Thursday with its share price rising to a 3-year high of 40.5 sen on Friday, amid rumours that Inari Amertron is going to take over the company. Dufu has since refuted the news reported.
Dufu, a hard disk drive (HDD) component maker, has been operating in the red since 2011. The Penang-based company also diversified into non-HDD business, such as sensor controls and the medical devices, as the HDD market faces intensifying competition from solid state drives (SSD) and pricing pressures by the multinational players.
For 9M2014, Dufu returned into the black with a net profit of RM6.99 million, due primarily to one-off gain of RM6.24 million on disposal of its subsidiary which owns a 2-storey factory with RM19.49 million of borrowings – to Inari Semiconductor Labs Sdn Bhd, a 99.9%-owned subsidiary of Inari Amertron.
This article first appeared in The Edge Financial Daily, on February 4, 2015.
http://www.theedgemarkets.com
Dufu Technology Corporation Bhd
Trading volume in Dufu (Fundamental: 1.35/3, Valuation: 1.2/3) started to surge last Thursday with its share price rising to a 3-year high of 40.5 sen on Friday, amid rumours that Inari Amertron is going to take over the company. Dufu has since refuted the news reported.
Dufu, a hard disk drive (HDD) component maker, has been operating in the red since 2011. The Penang-based company also diversified into non-HDD business, such as sensor controls and the medical devices, as the HDD market faces intensifying competition from solid state drives (SSD) and pricing pressures by the multinational players.
For 9M2014, Dufu returned into the black with a net profit of RM6.99 million, due primarily to one-off gain of RM6.24 million on disposal of its subsidiary which owns a 2-storey factory with RM19.49 million of borrowings – to Inari Semiconductor Labs Sdn Bhd, a 99.9%-owned subsidiary of Inari Amertron.
This article first appeared in The Edge Financial Daily, on February 4, 2015.
http://www.theedgemarkets.com
