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Insider - Company Hints :
  Investor 9999 https://www.seagate.com/files/www-content/about/investors/_shared/documents/fiscal-q2-2018-supplemental-information.pdf 02/02/2018 06:59  paktua73 old man love make money.. old man always know how to fight on red sea.. now just relax counting profit on each sen up.. tut tut stand profit 07/02/2018 09:20 paktua73 sold partially at 1.16 just release the burden secure back capital and lock some profit.. its just tactical step for more strong fight later.. tut tut 07/02/2018 09:36 Investor 9999 DUFU Share Buyback Continuously buy in decent Volume 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 6 Feb Purchase 291,500 shares at price range 111 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. 07/02/2018 11:37 Investor 9999 A Gem to buy before Mr Market rerate it upon Q4 announcement on 28 February 2018. It is trading at historical (FY 16) PE 7.3 and estimated FY 2017 PE 7.4 with an estimated Dividend payment of 7.5 Sen giving a dividend yield of 6.5% My target valuation is using my projected FY17 EPS of 15.5 Sen with a PE 10 to PE 12 is RM1.55 to RM1.86. If your entry price is 115, the potential gain would range from 40 Sen to 71 Sen, a gain of 34.8% to 61.7% I would cut loss at 105. Your risk is 10 Sen and your reward can range from 40 Sen to 71 Sen 07/02/2018 11:38 Investor 9999 Basis of Valuation For Q3 Dufu reported a 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 11.7 Sen. The net profit would have been higher if not for the Forex loss of RM577K in Q3 and total of RM2 mil for YTD. Given the strong positive statement by Dufu’s Board on its prospects for remaining qtr (see below extract), I have estimate Q4 EPS to be 3.8 Sen (same as Q3. Note that the average EPS for last 3 qtrs is 3.93 Sen) to give me an estimated FY 17 EPS to be 15.5 Sen. Dufu in FY16 Annual Report disclosed that 70% of its income is from HDD. Seagte and WD is its main customer . The expected strong performance is supported by information from Seagate Q2 result showing an increase in HDD shipments capacity (EB) from 70.3 to 87.5 an increase of 24.5%, average capacity per drive (TB) had increased to 2.1 from 1.9. Both Co have performed better than market expection Similarly at Western Digital Q2 result is also showing an increase in HDD shipments capacity (EB) from 87.4 to 97.3 an increase of 11.3%, average capacity per drive (TB) had increased to 2.1 from 1.9. Dividend Policy The Co has a policy of paying 50% of its net profit. Thus with an estimated EPS of 15.5 Sen, I would expect the FY 17 Dividend to be about 7.5 Sen. An interim Dividend of 2 Sen was paid in Oct 2017. 07/02/2018 11:39 Investor 9999 Prospect for Q4 Dufu’s Board Statement on Prospects in Q3 announcement 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 (Note that BOTH SEAGATE AND WD HAD 37.9% and 12.5% growth in high capacity nearline HDD in qtr announced recently). 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. 07/02/2018 11:44 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 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 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  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 RJ87 Managed to collect abit at 1.05... Who wants to sell bellow RM1.05...I sailing semua 10q 28/03/2018 21:49 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 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 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  |
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