Current qtr revenue down by RM6.7m but profit up by RM5.0m compared to previous qtr Management said increase in profit due to current qtr forex gain of RM2.4m and previous qtr forex loss of RM3.3m. No revenue and profit growth compared to immediate preceding quarter after all the positive indications we heard.
Also i wonder if high steel prices and other commodities will increase their cost significantly this coming quarters.. my gut feel is yes. How much cost can they pass on to customers?
If trading this counter be careful as tech is not in play at the moment..
Value investor, I agree that Q1 cannot compared to Q4.
But Dufu needs a better performance to justify and maintain its good run in share price. There are indicators pointing strong HDD Enterprise demand and also increase in HDD ASP out there. But drop in sale of RM6.7m qtr to qtr is not what investors would like to hear.
Q1 previous year was partially affected by MCO lockdown and it was before the work from home spillover effect and yet the company was able to deliver a commendable financial result.
Anyway, let's hope for a better sequential qtr results so investors will have stronger confident.
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Intrinsic99
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Posted by Intrinsic99 > 2021-04-23 08:23 | Report Abuse
direct impact on tech stocks