“The results of our financial performance this quarter reflect a stable demand environment, good operational execution and momentum in the stabilization of our business model,” said Steve Luczo, Seagate’s chairman and chief executive officer. “With a market-leading and cost-efficient storage solution portfolio, Seagate is well positioned to support our existing and new customers in a world of accelerated data creation and increased storage needs driven by emerging technologies and new business models. We will continue to focus on future growth opportunities, generating profits and building lasting value for our shareholders.”
Didnt manage to catch a glimpse after we placed orders few months back. It is going well as with our portfolio since we are adding it today to make it our biggest holding in our portfolio after offloading Vitrox and Elsoft. We are confident of this stock reaching P/E of 15 and then to reduce after announcing quarter results. The improved product mix has given this business a strong moat. Coupled with the global short supply of memory, this forms our strongest stance to bet big and hold. Top up as it breaks out. Let's wait for RM2.15-2.30 for its current business fair value and see if coming quarters improves. We will continue to hold if so, so that we can have another Penta/JHM/Vitrox in our portfolio.
It is not about time. It is valuing and finding misprice. We are lucky that we found Dufu is strongly mispriced and additionally, the earning is growing rapidly. Both lead us to only one path, Buy, hold and be patient.
Feel free to ask me more if you want to learn more about us. Happy Investing!
I feel still can hold...but dunno...if you want to take profit, can sell half...I didn't say it will reach rm2...but I am sure that 1.40 or 1.50 is no problem
I don't think many retailers goreng this counter. So T+3 or T4 impact may be limited. Anyway, any share price correction should be healthy for long term gain...
I am very curious why hard disk manufacturer Seagate reported net profit drop from last quarter 297 Millions to this quarter 194 Millions but Dufu stock still can up so much. Dufu main client is Seagate. My forecast Dufu coming quarter result not good.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
goyangkaki
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Posted by goyangkaki > 2017-05-02 09:53 | Report Abuse
since seagate is one of major customer of DUFU, any idea where to find the " correct" summary of seagate latest Q report?...:)