DUFU for a short trading period / window will have no more immediate headwind, unlike its peers who's yet to report QR.
Additionally, they still have the 6c dividend as well as bonus issue (1 for 1) which had been proposed in Jan / Feb which is still in play. Any positive update with regards to these 2 corporate action will be another tailwind to the stock price.
The stock price trading at 22x PE is not cheap for sure, but I can't find an alternative that fares alot better in risk / reward, so will keep holding and nibbling.
as long as dufu can continue to ride on the secular growth trend of cloud solutions, it's probably still cheap vis-a-vis other tech players in msia which may have much less visibility over the next 6 months
I told many times that it is a very good counter. They argued with me and I said wait the time to prove it! I also lazy to quarrel with them! I had followed this stock since it was 50sen
those that bought in below 4.55 this morning laughing :) Yes - 1 for 1 bonus issue in the announcement - that's what everyone been talking about - plus good dividen.
U TECHNOLOGY CORP. BERHAD (Registration No. 200201013949 (581612-A)) (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of Dufu Technology Corp. Berhad (“Dufu” or “ ”) will be held on a fully virtual basis at the Broadcast Venue: Conference Room of Plot 19, Hilir Sungai Keluang 2, Taman Perindustrian Bayan Lepas, Fasa IV, 11900 Penang on Friday, 19 June 2020 at 11.00 a.m. or immediately after the conclusion or adjournment (as the case may be) of the Company’s Eighteenth Annual General Meeting, to be held at the same venue and on the same day at 10.00 a.m., whichever is later, ORDINARY RESOLUTION PROPOSED BONUS ISSUE OF UP TO 267,618,367 NEW ORDINARY SHARES IN DUFU (“DUFU SHARE(S)” OR “SHARE(S)”) (“BONUS SHARE(S)”) ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING DUFU SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“PROPOSED BONUS ISSUE”) “THAT subject to the approvals of all relevant authorities and/or parties (where applicable) being obtained, and to the extent permitted by law and the Constitution of the Company, approval be and is hereby given to the Board of Directors of Dufu (“Board”) to issue up to 267,618,367 Bonus Shares on the basis of 1 Bonus Share for every 1 existing Dufu Share held by the entitled shareholders whose names appear in the record of depositors of the Company at the close of business at 5.00 p.m. on an entitlement date to be determined and announced later; THAT fractional entitlements arising from the Proposed Bonus Issue, if any, will be disregarded, and/or dealt interest of the Company; THAT the Bonus Shares shall, upon allotment and issuance, rank pari passu in all respects with the existing Dufu Shares; AND THAT the Board be and is hereby authorised to take all necessary steps to give effect to the Proposed manner as may be required by the relevant authorities and to deal with all matters relating thereto and to take all such steps and do all acts and things in any manner as the Board may deem necessary or expedient to By order of the Board How Wee Ling (MAICSA 7033850) Ooi Ean Hoon (MAICSA 7057078) Secretaries Penang 21 May 2020
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paktua73
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Posted by paktua73 > 2020-05-14 13:16 | Report Abuse
paktua dream only rm4..
but..dufu fly more than thats..
wow wow..only that word can say......
tut tut
wow wow wow..