Highlights
KLSE: DUFU (7233)       DUFU TECHNOLOGY CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.12   0.00 (0.00%)  1.11 - 1.13  130,700
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Dividend, Bonus, Split & Consolidation

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Ann. Date Ex Date Payment Date Type Subject Amount View
29-Mar-2018 25-May-2018 13-Jun-2018 DIVIDEND Final Dividend RM 0.045 Dividend Detail
11-Sep-2017 27-Sep-2017 12-Oct-2017 DIVIDEND First Interim Dividend RM 0.02 Dividend Detail
27-Apr-2017 26-May-2017 20-Jun-2017 DIVIDEND Final Dividend RM 0.035 Dividend Detail
08-Sep-2016 28-Sep-2016 10-Oct-2016 DIVIDEND First Interim Dividend RM 0.01 Dividend Detail
26-Apr-2016 27-May-2016 15-Jun-2016 DIVIDEND Final Dividend RM 0.0110 Dividend Detail
07-Dec-2015 29-Dec-2015 19-Jan-2016 DIVIDEND Interim Dividend RM 0.0200 Dividend Detail
07-Jun-2013 19-Jun-2013 21-Jun-2013 RIGHTS_ISSUE Rights Issue 1 : 2 Dividend Detail
07-Jun-2010 28-Jun-2010 29-Jul-2010 DIVIDEND First and Final Dividend RM 0.01 Dividend Detail
01-Jun-2009 26-Jun-2009 29-Jul-2009 DIVIDEND First and Final Dividend RM 0.01 Dividend Detail
24-Jul-2008 06-Aug-2008 08-Aug-2008 BONUS_ISSUE Bonus Issue 1 : 3 Dividend Detail
04-Jun-2008 26-Jun-2008 29-Jul-2008 DIVIDEND Final Dividend RM 0.015 Dividend Detail
Analyze this stock with MQ Trader system

  8 people like this.
 
RocketRider Today market so bullish, almost all up, but this one down
19/02/2018 19:19
verhansolution Just imagine all HDD sales from notion venture to DUFU, this prove DUFU is flying on this upcoming QTR result. Buckle up to move up RM1.50 for real this time.
23/02/2018 19:29
Investor 9999 Notion vol would not flow to Dufu. Notion fire does not affect HDD business. Performance would be better in view of the growth in HDD by Seagate and Western Digital. Dufu 70% of income is from HDD based on last year annual report.
25/02/2018 12:56
Investor 9999 FY 2016

In Q4 2016, it reported for the qtr a PBT of RM19.9 mil. Included in the PBT is non-operating exceptional income of RM10.0 million which comprised

1. RM3.7 mil gain on dissolution
2. RM2.3 mil reversal of non-trade impairment
3. RM1.2 mil claim on CBT
4. RM2.8 mil impairment on receivables (which were provided in Q2 & Q3) no impact for the FY

For the Year FY 2016, it reported for the year a PBT of RM35.3 mil. Included in the PBT is non-operating exceptional income of RM6.1 million which comprised

1. RM3.7 mil gain on dissolution
2. RM1.2 mil reversal of non-trade impairment
3. RM1.2 mil claim on CBT

After adjusting for the above non-recurring income, the adjusted operating FY 2016 PBT is RM 29.2 mil

FY 2017

For 9 mths to 30 Sept 2017 Dufu reported a PBT of RM 25.7 mil (88% of Financial Year 2016 PBT). The PBT for Q1, Q2 and Q3 is RM8.2 mil, RM 9.2 mil and RM8.2 mil respectively. Thus I expect FY 17 PBT to be better than FY2016 PBT after excluding non-operational income.
I am projecting for Q4 2017 the PBT to be in region of RM8 mil to RM 9 mil (the average qtrly PBT for the first 3 qtr is RM8.6 mil) and a net profit in region of RM 6.5 mil with an EPS of 3.9 Sen for Q4 2017.

Thus adding on and projecting FY 2017, my estimated for FY 2017 PBT is RM 33.7 mil to RM34.7 mil. My FY 2017estimate net profit is RM 26.1 mil with a EPS for the Year FY 2017 to be about 15.6 Sen.

Prudently I am giving it a PE 9 to 10 and its valuation would range from RM1.40 to RM1.56 compared to its closing price of RM1.17, a potential gain of 19.6% to 33.3%
25/02/2018 18:42
Investor 9999 Given Dufu Dividend policy of paying 50% of it net profit, with estimated EPS of 15.6 Sen for FY2017,we can expectidividend to be in region of 7 Sen. At 117, its dividend yield is 6%
25/02/2018 18:45
Investor 9999 DUFU

A Gem to buy before Mr Market rerate it after Q4 announcement on 28 February 2018 given another 4.5 Sen of Dividend is being proposed.

FY 2016
In Q4 2016, it reported for the qtr a PBT of RM19.9 mil. Included in the PBT is non-operating exceptional income of RM10.0 million which comprised
1. RM3.7 mil gain on dissolution
2. RM2.3 mil reversal of non-trade impairment
3. RM1.2 mil claim on CBT
4. RM2.8 mil impairment on receivables (which were provided in Q2 & Q3) no impact for the FY

For the Year FY 2016, it reported for the year a PBT of RM35.3 mil. Included in the PBT is non-operating exceptional income of RM6.1 million which comprised
5. RM3.7 mil gain on dissolution
6. RM1.2 mil reversal of non-trade impairment
7. RM1.2 mil claim on CBT

After adjusting for the above non-recurring income, the adjusted operating FY 2016 PBT is RM 29.2 mil

FY 2017
For FY 2017 Dufu reported a PBT of RM 32.8 mil (RM 3 mil more than FY 2018 adjusted PBT of RM29.2). The PBT for Q1, Q2, Q3 and Q4 is RM8.2 mil, RM 9.2 mil, RM8.2 mil and RM 7.1 mil respectively.

In Q4 2017 Dufu reported a PBT 7.1 Mil and a net profit of RM 6.4 mil with an EPS of 3.9 Sen for Q4 2017 and for the year the net profit is RM26.0 Mil with a EPS of 15.6

Prudently I am giving it a PE 9 to 10 and its valuation would range from RM1.40 to RM1.56 compared to its closing price of RM1.14, a potential gain of 23% to 37%

Dividend
A Dividend of 4.5 Sen is being proposed for shareholders’ approval. A single tier interim dividend of 2 sen in respect of the financial year ending 31 December 2017 has been declared on 28 August 2017 and paid on 12 October 2017. Thus in aggregate Dividend for FY 2017 would be 6.5 Sen.
28/02/2018 17:43
Goldfish2018 Talk too much also no use. You promote Dufu since 1.4x. Until now also see down never see up.
You say will have good result. Also no good result.
01/03/2018 10:37
Goldfish2018 Your MMSV also. Talk so much since 1.8x. No up also
01/03/2018 10:39
Investor 9999 Goldfish, if a Co deliver RM26 mil profit and EPS of 15.6 and giving 4.5 Sen Dividend is not good result, pls go and find other counter. If share price do not move, there is nothing much investor can do. At least my guidance on result is relaible.

Do not be personal, when i call MMSV, it was much lower than 1.6X. Yes result for Q4 was below expectation.
01/03/2018 12:28
Jeffbkt Company keep buying back the share on between 1.15 to 1.2. But the market is keeping selling so it seems like market know better than the DUFU management.
01/03/2018 16:22
verhansolution Seems like the results did not meet what it expected. Drop to RM 1.10 already.
06/03/2018 15:10
RocketRider Every week share buyback by Dufu
07/03/2018 05:22
Investor 9999 Directors buying shares

6 March Wu Mao Yun bought 225K at about average price of 1.153 Sen
5 March Lee Hui Ta bought 222K shares at about average price of 1.1578

Share Buyback
The Company has sent a strong statement to the Mr Market that it is not please with its current share price and did substantial share buyback to support share price on the following dates

6 March Purchase 208,200 shares at price range 113 to 118

14 Feb Purchase 287,100 shares at price range 111 to 120

6 Feb Purchase 291,500 shares at price range 110 to 115

5 Feb Purchase 350,000 shares at price range 112 to 120

29 Jan Purchase 116,900 shares at price range 117 to 120

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
07/03/2018 07:28
Investor 9999 DUFU

We should not give up on Dufu given its strong performance and directors purchase of shares and share buyback.

It is likely that the price is being surpressed by operators. Knowing Directors and sharebuyback is being consistenlt done fron 111 to 120,

WHY WOULD INVESTORS CONTINUOUSLY QUEUE BIG VOL SALES AT 113 TO SURPRESSED THE PRICE? These Investors could wait for better sentiment to exit


Directors buying shares (since 1 March 2018 is 1.178 mil shares)

8 March Yeoh Beng Hooi bought 30K at about average price of 1.11

7 March Yeoh Beng Hooi bought 30K at about average price of 1.11

5 March Lee Hui Ta bought 671K shares at about average price of 1.159

2 March Lee Hui Ta bought 222K shares at about average price of 1.1578

1 March Wu Mao Yun bought 225K at about average price of 1.153 Sen

Share Buyback (total since Dec 2017 1.916 mil price range 111 to 120)

The Company has sent a strong statement to the Mr Market that it is not please with its current share price and did substantial share buyback to support share price on the following dates

6 March Purchase 208,200 shares at price range 113 to 118

14 Feb Purchase 287,100 shares at price range 111 to 120

6 Feb Purchase 291,500 shares at price range 110 to 115

5 Feb Purchase 350,000 shares at price range 112 to 120

29 Jan Purchase 116,900 shares at price range 117 to 120

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

We can infer that, the Co is willing to support share price below 120 by exerting share buyback mandated by shareholders.

Do not give your shares to operators collecting it cheap
13/03/2018 07:09
kser just bought this stock. can keep for long term
20/03/2018 11:07
Yolonomics Bought as well. Holding for long term.
22/03/2018 15:28
Xbear Bought. Holding for big gain.
22/03/2018 17:28
eklim65 Right move.
26/03/2018 18:39
blazer1991 It's the time Now!!
28/03/2018 11:32
Alex™ this counter heavily controlled. i watched the seller keep provoking 1 lot sell down to test water and see got ppl cut loss on TA neckline breaking or not. In the end, also need to do a hammer. haha
28/03/2018 16:56
Alex™ btw, the queue below RM1 is pathetic. kesian.
28/03/2018 16:56
Pengyong Loo Company always buy above RM 1.05 how can you queue below RM 1.00 haha
28/03/2018 17:57
RJ87 Managed to collect abit at 1.05...

Who wants to sell bellow RM1.05...I sailing semua 10q
28/03/2018 21:49
Alex™ Yesterday got ppl throw 102
29/03/2018 09:57
Xbear Hold, company is making profit.
29/03/2018 10:10
RJ87 Kimak...why announce dividend the day before PH?

So, that they can tapao sui sui for themselves or what?
29/03/2018 18:13
RJ87 I didn't notice Good Friday is Public Holiday for Sabah & Sarawak only...my bad
29/03/2018 19:39
RocketRider Only Sabah & Sarawak got holiday, you can sapu as much as possible like the company.
29/03/2018 19:41
kser wah, share buyback a lot
30/03/2018 17:42
didi2005 Good dividend yield
31/03/2018 16:57
Bluenote this month DUFU continuously shares buy back quite a few times
31/03/2018 17:46
sapurakencana my friend :

Dufu case study is quite similar with Unimech that i brought 15 years ago.This type of company rich of money,they willing to pay dividend & keep on buy back their share share, at the end the price never move up but keep on droping.i wonder this history will repead again .
31/03/2018 17:58
RocketRider What is the problem at the end after the continuous share buyback? Can share more?
01/04/2018 11:17
Simple man strong support at 1.055. stay turn for rebound
03/04/2018 12:31
Simple man Single Tier Final Dividend of 4.5 sen per share.
03/04/2018 12:32
Bluenote see DUFU still continuously shares buy back these few days.
company very aggressively supporting it
04/04/2018 09:04
RJ87 as long as they pay 3sen a quarter average, the company will hv given me about 12% return on my money on top of opportunity for capital growth..
06/04/2018 17:42
Alex™ INVESTMENT IN CLUB MEMBERSHIP...

This dufu company banyak enjoy~
18/04/2018 10:20
18/04/2018 11:12
abcde12345 haha
18/04/2018 12:23
Xbear This stock only shock sendiri. No eyes see!
20/04/2018 11:19
abcde12345 gogogo
20/04/2018 11:46
mrinvestor12 https://www.mrinvestor12.com/2018/04/dufu-technology-corp-bhd-7233.html
30/04/2018 12:37
RJ87 Who buy who buy? Why such movement?
14/05/2018 17:17
Patrick DUFU (forwarded from Mr Tan Peng Lam)
Single Tier Final Dividend of 4.5 sen per share for the year ended 31 December 2017. The above Company's securities will be traded and quoted "Ex - Dividend” as from: 25 May 2018

At PE 9, the valuation would range from 1.26 to 1.35

At PE 10 the valuation would range from 1.40 to 1.50.

Thus at 1.13 closing, there is still room for profit.

Based on our engagement with Dufu Management in April 2018, we were guided that shipments would be stronger than FY 2017 and topline would grow in tandem with expected growth in nearline (high capacity) HDD shipments and based on forward orders received from customers. Sales would be exceeding RM200 mil based on outlook of its customers. This is despite RM to USD is 3.9264 compared to 2017 average of 4.1643 (a drop of about 6%) in Q4 2017.

The Co is also upgrading its plant and machineries to cater for new titanium material being used in spacer ring. In FY 2017, Co capex was RM5.3 mil and at 31 Dec 2017 there were RM3 mil capital commitments outstanding. The Co is expecting to spend another RM10 mil capex for expansion in 2018 for CNC machines and factory expansion. The Co is running out of capacity and in process of renting a new factory for expansion of its capacity for both HDD and metal stamping business.

Given Q1 2018 global nearline HDDs shipments increased by 27% compared to Q4 2017 (and when compared to Q1 2017, the increase is 98%) using Seagate and Western Digital Qtr reports, Dufu sales of spacer ring would increase in tandem. I am also guided by another HDD player of the strong sales in in Q1 and Q2 2018.

I tend to project Dufu Q1 FY 2018 volume of shipments would grow in region of 10% to 20% based on discussion with management given the capacity expansion in FY 2017 and FY2018. However, selling price would reduce by 6% given the average Ringgit vs USD Forex rate had dropped from 4.1643 in Q4 2017 to 3.9264 in Q1 2018.
For my estimate, I am using Q4 2017 sales of RM50.3 mil as base, I would expect sales to be ranging from RM53.1 mil to RM56.7 mil. The profit before tax would range from RM7.434 mil to RM7.938 mil (assuming PBT is 14% of sales, do not asked me why 14%) compared to Q4 2017 PBT of RM7.1 mil.

Assuming the effective tax rate of 21% (same as FY 2017 but rate could be lower due to the reinvestment allowance of Capex incurred in 2017 and 2018), I project the net profit after tax to be range of RM5.872 mil to RM6.271 mil giving an EPS of 3.5 Sen to 3.77. Extrapolating for the year FY 2018 EPS could range from 14 Sen to 15.08

The above valuation would hold if Co delivered the estimated turnover.

FY 2017 Historical Comment
For FY 2017 Dufu reported a PBT of RM 32.8 mil (RM 3 mil more than FY 2016 adjusted PBT of RM29.2). The PBT for Q1, Q2, Q3 and Q4 is RM8.2 mil, RM 9.2 mil, RM8.2 mil and RM 7.1 mil respectively.

Q4 earning is flat though turnover had increased mainly due to the strengthening of USD that had affected its margin

In Q4 2017 Dufu reported a PBT 7.1 Mil and a net profit of RM 6.4 mil with an EPS of 3.9 Sen for Q4 2017 and for the year the net profit is RM26.0 Mil with a EPS of 15.6

Prudently I am giving it a PE 9 to 10 and its valuation would range from RM1.40 to RM1.56 compared to its closing price of RM1.13, a potential gain of 23.9% to 38%
18/05/2018 23:52
Patrick Fair value of DUFU:

Discounted Cash Flow (DCF)5.0% Growth 1.34
Discounted Cash Flow (DCF)12.5% Growth 1.97
Relative Valuation 2.69
Graham Formula 1.23
Graham Number 1.7
Net Tangible Asset MA 0.79

Based on isaham fair value of dufu, it should be worth at least 1.97 per share with market cap of RM335million, which is 74% upside.
18/05/2018 23:57
Patrick Chart wise,

1) short term downtrend broken
2) long term uptrend still intact
3) support 1.12/1.04/0.95
4) resistance 1.14/1.16/1.2/1.29/1.57/ new high

This counter is different from others as it jumps like a corgi, instead of kangaroo. If you seek for value investing or putting money to a safe counter, this will be a good counter for you. If you are a risk taker or speculator, this counter is not suit for you.
19/05/2018 00:12
Investor 9999 DUFU

Share Buyback (total number since Dec 2017 till yesterday was 3.259 mil price range 108 to 120)

TOTAL NUMBER OF SHARES IN TREASURY SHARE 12.233 Mil out of the total shares issued of 175.47 mil.

Directors had also bought total of 1.178 mil share from 1.11 to 1.159

The Company has sent a strong statement to the Mr Market that it is not please with its current share price and did substantial share buyback to support share price on the following dates

7 May Purchase 125,000 shares at price range 105 to 108

27 April Purchase 182,000 shares at price range 110 to 114

18 April Purchase 182,000 shares at price range 110 to 114

17 April Purchase 113,000 shares at price range 110 to 113

16 April Purchase 81,000 shares at price range 108 to 112

6 April Purchase 82,000 shares at price range 99 to 102

5 April Purchase 70,000 shares at price range 100 to 100

4 April Purchase 66,000 shares at price range 98 to 100

2 April Purchase 90,000 shares at price range 108 to 108

29 March Purchase 60,000 shares at price range 107 to 107

28 March Purchase 232,000 shares at price range 107 to 108

22 March Purchase 254,000 shares at price range 108 to 112


6 March Purchase 208,200 shares at price range 113 to 118

14 Feb Purchase 287,100 shares at price range 111 to 120

6 Feb Purchase 291,500 shares at price range 110 to 115

5 Feb Purchase 350,000 shares at price range 112 to 120

29 Jan Purchase 116,900 shares at price range 117 to 120

22 Jan Purchase 216,800 shares at price range 116 to 120

Directors buying shares (since 1 March 1.178 mil shares)
8 March Yeoh Beng Hooi bought 30K at about average price of 1.11
7 March Yeoh Beng Hooi bought 30K at about average price of 1.11
5 March Lee Hui Ta bought 671K shares at about average price of 1.159
2 March Lee Hui Ta bought 222K shares at about average price of 1.1578
1 March Wu Mao Yun bought 225K at about average price of 1.153 Sen
21/05/2018 06:55
Investor 9999 Q1 Dufu had reported a decent result despite a RM 2 mil forex loss. It reported a PBT of RM7.63 mil and net profit after tax of RM5.76 mil with a EPS of 3.5 Sen.
22/05/2018 17:48
tcs888 A good qr indeed.. hopefully tomorrow won't have negative impact on the -ve revenue growth
22/05/2018 19:52


 

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