Highlights
KLSE: JFTECH (0146)       JF TECHNOLOGY BHD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
2.01   +0.01 (0.50%)  2.00 - 2.05  51,600
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Overview

Market Cap: 253 Million
NOSH: 126 Million
Avg Volume (4 weeks):113,852
4 Weeks Range:1.86 - 2.14
4 Weeks Price Volatility (%):
53.57%
52 Weeks Range:0.45 - 2.29
52 Weeks Price Volatility (%):
84.78%
Average Price Target: 0.23
Price Target Upside/Downside: -1.78

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#1]  |  28-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  22-Feb-2018
T4Q P/E | EY: 35.09  |  2.85%
T4Q DY | Payout %: 1.00%  |  34.91%
T4Q NAPS | P/NAPS: 0.26  |  7.73
T4Q NP Margin | ROE: 28.32%  |  22.03%

Headlines

Date Subject
27-Sep-2017 Mplus Market Pulse - 27 Sept 2017
09-Sep-2017 Are tech stocks overheating? [Goreng Goreng]
21-Aug-2017 The Edge weekly ~ Catching the next big wave - Semiconductor [Goreng Goreng]
01-Aug-2017 JF Technology - From The Kitchen to Global Innovator
30-Jun-2017 Daily Technical Highlights - (TECFAST, JFTECH)
13-Jun-2017 Mplus Market Pulse - 13 Jun 2017
12-May-2017 Technical Buy - JFTECH (0146)
03-Apr-2017 JFTECH (0146) - WE BRING POSSIBILITIES
28-Mar-2017 TRADING BUY - JFTECH (0146)

Business Background

JF Technology Berhad is an investment holding company. The Company's business is focused only in manufacturing and trading of electronic products components and test probes, including production, packaging, marketing and distribution of its products, in Malaysia. During the fiscal year ended June 30, 2011 (fiscal 2011), approximately 1.2 % of total sales are exported to Asian countries. The Company's wholly owned subsidiaries are J Foong Technologies Sdn. Bhd., which is engaged in manufacturing and trading of electronic products components, and JF Microtechnology Sdn. Bhd., which is engaged in design, development, custom manufacture and sale of integrated circuit test sockets, interconnect, test solutions and equipment for the semiconductor and electronic assembly markets.
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  3 people like this.
 
dxbman There is pending litigation for patent infringement against the company in the US. Looks like they will lose the case and have to pay damages which will result in negative QR for next quarter. Read the last QR for more info. The directors already started selling last week.
07/08/2017 13:24
lisac8011 https://www.digitalnewsasia.com/enterprise/jftech-confident-it-will-prevail-in-us-patent-infringement-case

JF Technology Bhd believes it will prevail in a pending patent infringement case with US-based Johnstech International Corp.

JF Tech also argued that US patent laws do not apply outside the United States, and that the manufacture, use, sale and offering for sale of its Zigma (pic) products outside the United States are not affected by this case.
07/08/2017 15:23
michaelwong Overvalued...,... over fried ! Too high price
07/08/2017 16:34
dxbman lisac8011, the article is dated 3 years ago. Read the latest QR.
07/08/2017 17:15
ttluck trap.....shit
08/08/2017 14:25
Alex™ amazing optimism
08/08/2017 15:59
nkc33 Flying....
08/08/2017 16:12
MrRightTiming JFTECH bila mau rebound? Or is it going to become like DNEX?
16/08/2017 15:34
flyer111 tunggu sekejap
17/08/2017 11:29
Edwardong53 Any one has any good news of its coming Qtr results ... good or bad ?
19/08/2017 00:20
Gary Ooi Sure good la
19/08/2017 12:59
teh13 yala, sure got improvement
23/08/2017 16:21
ttluck fantastic.....finally rebound....up more....yeah....
24/08/2017 17:39
Edwardong53 Any one has news on its coming Qtr results, please share
25/08/2017 17:16
Rzeznikyoung Be passion then is yours
25/08/2017 17:53
mongmongcaca Results out d
28/08/2017 12:51
chinteikong very good result
28/08/2017 12:56
Unicorn Got dividend somemore.
28/08/2017 14:42
Gary Ooi http://www.klsescreener.com/v2/news/view/276275
02/09/2017 21:52
Gary Ooi http://www.thestar.com.my/business/business-news/2017/09/09/are-tech-stocks-overheating/
09/09/2017 10:48
ttluck yeah....strong rebounding....pls shoot up to 3.....
21/09/2017 09:46
Vegeta http://www.bursamalaysia.com/market/listed-companies/company-announcements/5553325
26/09/2017 14:18
Vegeta Bonus Issuance. Short term TP 2.50. Long term 3.00
26/09/2017 14:19
26/09/2017 14:28
26/09/2017 14:28
ttluck yeah....JFTECH ....shooting up....
27/09/2017 09:44
AhSeng Tomorrow gap up. Jftech
04/10/2017 19:59
chinteikong thanks JF AhSeng
05/10/2017 12:32
Megaknight PE41... is it too high for JF?
07/10/2017 09:06
Investor 9999 Jftech for FY 2017 ended 30 June, reported a turnover of RM24.7 million and a profit before tax of RM6.964 million and a profit after tax of RM 6.379 million. The EPS for the year was 5.06 Sen and the latest Q4 EPS was 1.72 Sen.
At current share price of RM2.06, it has a market capitalisation of RM 253 million. For a company having a net profit of RM6.379 and the market is valuing it at RM253 million. My opinion it is grossly overvalued. If you have a sober mind, would you buy such small Co, Jftech for RM253 million and wait 39.7 years to get back the amount you paid for your investment in the Co assuming there is no growth in net profit on the extreme pessimistic stand.
Ask yourself, is Jftech a world leader in its field of business (with no competitors around) with superior technology advancement or advancement in its field of business for market to give it a valuation of PE 39.7. Further below, I would compared it with FoundPac.
Will Warren Buffet or any prominent private like Navis Capital or The Blackstone Group or other re-owned international fund buy Jftech at this valuation? My answer is no for any astute investors who is worth his salt. Why pay so high for the future and it is not proven yet.
Owner and key directors had sold 4.055 million share ranging from 1.44 to 210 from 1 June to 6 Oct. See my list attached. If stakeholders are selling, it must reached their fair value. Why then should we hold
I have look at the list of substantial shareholders in the Annual Report for 2016 and 2017. There was no institution shareholder in 2016. However in 2017, the institutions shareholders were Kenanga Growth Fund (2 mil shares) and Philip Capital (610 shares). There are no other big name. I do not know both institution entry price. I can only said prior to 3 April, the share price was 88 Sen and below. Subsequently it went up all the way till now at 2.06 with frenzy goreng.
Comparing to FoundPac for FY 2017 ended 30 June, FPG reported a turnover of RM40.0 million (Jftechfast=RM24.7 million) and a profit before tax of RM13.0 million (Jftech =RM7.0 million) and a profit after tax of RM 10.22(Jftech =RM 6.379 million). FPG EPS for the year was 2.92 Sen (Jftech = 5.06 Sen) and FGPe latest Q4 EPS was 0.8 Sen (Jftech=1.72 Sen). Jftech figure in bracket.

I am not promoting FPgroup but just a comparison

It is also a thinly traded counter.
09/10/2017 15:49
Megaknight 9999, thanks for the good analysis
10/10/2017 07:51
Megaknight I think the company will have a better result in FY2018 and expect the US legal case to have a favourable outcome. With lower share price due to the bonus issue, the share appears to have more upside than downside. However the key question is the high PE.
10/10/2017 08:17
Scofield Koh The volume is so low ..@@
27/10/2017 07:53
shareinvestor88 IQ a better buy
08/11/2017 23:30
Thomas Pang 9999, I disagree you on certain things

"Will Warren Buffet or any prominent private like Navis Capital or The Blackstone Group or other re-owned international fund buy Jftech at this valuation? My answer is no for any astute investors who is worth his salt. Why pay so high for the future and it is not proven yet. "

I personally view Warren Buffett has a horrible track record of investing in technology companies because his philosophy is never touch technology counters. He lost billions in a fallen giant IBM and only started investing in Apple in 2016, way too late for a legendary like him and if he smart,he should have invested in Apple in 2007 when the Iphone came out, not 2016 and also Google, Amazon, microsoft when satya nadella take control or even facebook, but he didn't. He himself also admitted he was stupid for not investing in Amazon and Amazon now has a PE of nearing 300

Navis' philosophy is only invest in consumer and retails, technology is not on their cards. Even if there is a technology counter with very attractive number and metric, they are also not going to touch it.

instead of basing metric to determine technology counter, I personally think is much better to learn how to view technology counter from Don Valentine, Marc Andressen or even Ashton Kucher to see how they look at things. Adopting philosophy from people who don't invest in technology like Warren Buffett to evaluate technology counter is seriously flawed
16/11/2017 23:54
apolloang investor 9999,if u think like that better buy KEN.....PE less than 5
17/11/2017 00:01
Edwardong53 This counter has been consolidating since late Sept. Not sure whether the coming Qtr results going the push factor for its price b4 bonus issue date is fixed in the coming EGM.
20/11/2017 08:31
Alex™ http://www.marketwired.com/press-release/jury-awards-johnstech-international-636k-in-test-contactor-patent-infringement-case-2175065.htm

The writing is one-sided. But at least it gives a picture from JTI's perspective. Triple damage, if realised, may have a short term severe impact to to JFTECH's performance.

I also want to invest in a good patent protected company. I'm finding a good price entry and hope that JFTECH will stand strong for the time ahead.
23/11/2017 10:41
Thomas Pang Alex Foo, the article you posted is 1 year ago.

Perhaps you will need to get more updated information

http://www.malaysiastock.biz/Company-Announcement.aspx?id=999028

The hearing has been rescheduled to 18 january 2018
23/11/2017 12:16
flyer111 means what
23/11/2017 14:22
Vegeta Last call guys, next week counter is going to fly
24/11/2017 15:53
24/11/2017 18:49
GodShare2222 Don’t go in .. soon they will issue placement ,then right issue ..all ace market did the same .. price too high ... Turnover less than 25m .. nett profit 6m++ ...
27/11/2017 08:11
GodShare2222 All future profit ....
27/11/2017 08:14
GodShare2222 All future profit ....
27/11/2017 08:15
Gary Ooi Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe
29/11/2017 08:08
Mohd Fahmi Bin Jaes https://m.investing.com/news/forex-news/north-korea-launches-icbm-near-japan-ending-twomonth-lull-3-924346
29/11/2017 08:10
Gary Ooi Rollercoaster sudah rosak...kns
29/11/2017 18:10
ttluck https://www.thestar.com.my/business/business-news/2017/12/07/jf-tech-appoints-ex-mida-deputy-ceo-as-chairman/
08/12/2017 12:21
Investor 9999 Sales growth from FY 2015 to 2016 from RM 19.02 mil to RM 24.67 (ie 30% growth). Q1 18 compared to Q4 17 growth in sales is 5% (growth for last 3 qts range from 5% to 10%). it is not a quantum leap Co to deserve a high forward PE 26.2

Profit of the Co for last FY 2017 and 2016 had been pull down by the legal cost incurred to defend infringement of patent in US court. Q1 2018 cost was minimal and resulted in it reported a higher net profit of RM 2.3 mil with Q1 EPS of 1.8 Sen

I have projected the FY 2018 EPS to grow by 30% (aggressive growth projection) using Q1 2018 EPS as a base. (1.84X4X 130%) to be 9.57 Sen. With PE 15 to 18, my JFTech valuation range from 143 to 172 at max.

Comparing to its current price of 205, it is far overvalued.

The share price of JFTech is just being manipulate by operators of funds holding it by buying a few lots to hold the price. Like today, 99.2K shares traded, the price push up 14 Sen,

Invest at your own peril
15/12/2017 10:50


 

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