Highlights
KLSE: JFTECH (0146)       JF TECHNOLOGY BHD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.90   0.00 (0.00%)  0.00 - 0.00  0
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General Meeting

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Ann. Date Date Time Type Venue View
08-Oct-2018 06-Dec-2018 09:00 AGM Greens II, Tropicana Golf & Country Resorts, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
31-Oct-2017 07-Dec-2017 09:00 AGM Greens I, Tropicana Golf & Country Resorts, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
06-Oct-2016 01-Dec-2016 09:00 AGM Greens II, Tropicana Golf & Country Resorts, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
22-Oct-2015 03-Dec-2015 09:00 AGM Greens 1 (Golf Wing), Tropicana Golf & Country Resorts, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
11-Nov-2014 04-Dec-2014 09:00 AGM Greens I, Tropicana Golf & Country Resorts, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
21-Nov-2013 16-Dec-2013 09:00 AGM Greens III, Tropicana Golf & Country Resorts, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
14-Nov-2012 07-Dec-2012 09:00 AGM Greens I, Tropicana Golf & Country Resort, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan Meeting Detail
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  3 people like this.
 
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
Guys Nice View Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe
29/11/2017 08:08
mf https://m.investing.com/news/forex-news/north-korea-launches-icbm-near-japan-ending-twomonth-lull-3-924346
29/11/2017 08:10
Guys Nice View 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
Edwardong53 Looks like any one is interested in JFTech even though its bonus issue of 2:3 to be ex on 27/12/2017. My main worry is the litigation on patent infringement which will be heard on Jan2018.
20/12/2017 17:31
eklim65 To invest or not to invest? 26th is the last day to decide. Let's think this over the weekend and holiday. Good luck. Happy New 201Huat year.
22/12/2017 13:32
ttluck Hentam saja...since all tech stock flying high...
27/12/2017 13:09
Looi Siew Yoong Hi Wanted to know hv bonus issue share been credited to us by today ? pls help to confirm.
30/12/2017 16:48
mdmlyn any idea why keep on drop
15/01/2018 12:25
BetulBetulAlibaba no idea...but will keep collecting...hahaha
16/01/2018 16:32
Genn Pung So is it the end for this stock?
22/01/2018 10:46
flyer111 yes.....going to die liao
22/01/2018 16:02
tecpower https://klse.i3investor.com/m/blog/icon8888/160409.jsp
14/06/2018 22:27
steeelman what happen to yesterday high volume dumping ?
09/08/2018 15:00
Guys Nice View Nice move
16/08/2018 10:54
steeelman haish goreng goreng
16/08/2018 11:47
Yael Jasper Thanks for the profit, earned huge profit to buy stuff hehe
16/08/2018 15:13
ttluck wau....impressive this jf...really giv ppl surprise....suddenly surge....go go go...enter your glorious time as b4......pass RM 1...
23/08/2018 15:30
Stock_god To sink 10% on Monday
24/08/2018 17:48
moguiyu limit down
24/08/2018 17:55
apolloang bad news,mon boh chow si,mati or die
24/08/2018 18:01
Goh Kim Hock lol. The 4Q18 almost wiped out all the profit accumulated for the past 3 quarters. Dangerous this kind of counter. Unsustainable and unpredictable earnings.
24/08/2018 18:39
apolloang like that also price so high,last month 65cts also got
24/08/2018 18:44
Stock_god Hard to believe this junk even go 2.19
24/08/2018 21:16
Justinlim Loss due to Provision for legal damage (6 million +). Business perspective is stable. 11 patents granted and 37 patents pending which are good for future. But Monday share price sure will be affected.
25/08/2018 10:53
steeelman jialak ! i run liao
27/08/2018 12:57
Justinlim Exclude out 6.115 mil Provision, then
NP = 2,105,
EPS = 1.00,
4 Q Total EPS = 4.11,
Price at 0.85

PE = 20.7
27/08/2018 16:37
ttluck hmmm.....wait n c first...
27/08/2018 20:32
steeelman when judge court end ? 1 day no end will affect profit kaw kaw la
28/08/2018 01:40
Justinlim Base on 07/08/2018 announcement :

"The Board wishes to inform that the Court has made an order dated 6 August 2018 awarding JTI damages in the sum of USD1,514,299 and refusing JTI’s motion for attorney’s fees to be paid to JTI.

The Defendant has given instructions to its US counsel to appeal against the judgement of the Court and, if necessary, to apply for a stay of enforcement of the judgement."


I am not so expert in law. Do not know will there be any further damage which will affect future profit other than this time RM6 mil +
28/08/2018 08:44
steeelman goreng stock , very dangerous , i avoid first
28/08/2018 14:43
steeelman macam stock ini pon boleh rise ??
28/08/2018 20:43
kalteh Ne one talking about this when it is up 7% intraday??
26/09/2018 15:54


 

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