KLSE (MYR): DUFU (7233)
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Last Price
1.76
Today's Change
+0.02 (1.15%)
Day's Change
1.74 - 1.76
Trading Volume
207,700
Market Cap
958 Million
NOSH
544 Million
Avg Volume (4 weeks)
1,233,745
4 Weeks Range
1.71 - 1.91
4 Weeks Price Volatility (%)
52 Weeks Range
1.68 - 2.35
52 Weeks Price Volatility (%)
Previous Close
1.74
Open
1.74
Bid
1.75 x 38,300
Ask
1.76 x 81,500
Day's Range
1.74 - 1.76
Trading Volume
207,700
Latest Quarter | Ann. Date
31-Dec-2023 [#4] | 27-Feb-2024
Next QR | Est. Ann. Date
31-Mar-2024 | 28-Apr-2024
T4Q P/E | EY
39.35 | 2.54%
T4Q DY | Payout %
3.05% | 119.80%
T4Q NAPS | P/NAPS
0.62 | 2.82
T4Q NP Margin | ROE
10.69% | 7.17%
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Subsector: INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Description:
Dufu Technology Corp Bhd is Malaysia-based firm. The company is engaged in the manufacture and sale of industrial products; trading of computer disk-drive and related components. It is involved in the design, development, manufacture, assembly, and trade of die components; and precision machining of vice, computer peripherals, and parts for hard disk drives. Its product portfolio consists of precision turning products, precision machining product, metal stamping, sheet metal fabrication, tool and die fabrication, and plastic components. The company serves HDD, industrial safety and sensor, telecommunication, computer, and consumer electronics industries. Most of its revenue comes from Malaysia market, while it also has a presence in the China, Singapore, Thailand and other countries.
and if packaging is the way forward, they will build their own factory to have more designs down the 5-10 years road. and not rely on 3rd party..
1 month ago
I have no idea why the stock plunged from RM1.94 to the current price.
But I guess the real reason behind the plunge is due to the sluggishness of the Q4'23 earnings report. Institutions maybe already access the QR report and decided to dump the shares.
1 month ago
Wait... You mean TSMC wants to build the equipment by themselves?
Do they have the capability?
Why Apple chose to use ICs from other companies instead of building all by themselves?
1 month ago
Do you really understand how difficult it is to build an equipment like the ASML EUV?
Why US ban China from buying high end EUV from ASML?
Why AMAT, KLA, LAM and etc are still there but not slaughtered by TSMC expansion?
1 month ago
Control cost is by having a lot of suppliers. The more they are, the cheaper it will be the equipment. FYI, companies like ASML has no competitors in their league. The price of a EUV can go up to 500 million USD just for one equipment. This industry is not a "commodity" or any "low barrier to entry industry". The amount of patents and intellectual properties are insane and I don't think in any near future, TSMC will be able to build their own equipment, especially the EUV machine.
1 month ago
thanks for your sharing Souljabo, more than 76% of its revenue is generated from the
HDD segment as per AR2023, appreciate if you could shed some lights how TSMC Capex would have spillover effect to precision maker like Dufu, no doubt data center expansion has to support growth in AI & others which will benefit Dufu.
1 month ago
TSMC is just a benchmark. It shows that the semicon industry is reviving again.
The capex guided by TSMC is mainly to expand their manufacturing capacities for AI chips (Nvidia, AMD and etc). Therefore, we can expect that the money will be channelled to a lot of front-end to back-end (CoWos capacity) equipment manufacturers. The equipment manufacturers will look for precision metal players to manufacture the modules (precision parts). Other than TSMC, big players like ASE and Amkor are also expanding to provide advanced packaging (2.5D) services.
This year will be a HUAT year for all the semicon players (not so huat for automotive)...
Logic, Memory, Analog, Sensors... The market will be hotter once Intel introduces their AI PC...
1 month ago
Nearline HDD is mainly used in the conventional data center. AI data center has a lot of issues to solve, power is one of them. FYI, GPU is very power intensive. Hence, you will see headlines like Microsoft is proposing to use nuclear energy for their AI data center and etc... In general HDD uses more power than NAND flash (SSD), so I don't think it will be the main storage that will be used in the AI data center. It will be benefitted by the trend, because generative AI will create a lot of new contents. The new contents have to be stored, and nearline HDD is the most economical way to store these data. This is guided by Seagate in their earnings call, I don't have the details and firm answer for this.
1 month ago
No one can replace ASML. But TSMC can replace advanced packaging factories. And they wanted to do that. Due to US ban on China Etc reason.
1 month ago
What happened after 1nm and they cannot go lower.. They will start stacking chips.. this is where advanced packaging is important for future. And TSMC definitely will build their own advanced packaging factories.
1 month ago
I would say the fabless players will look for more than one supplier...
NO ONE WILL WISH TO RELY 100% on TSMC.
They will place order with other OSAT players like ASE/AMKOR.
No doubt that TSMC will further expand their advance packaging capacities, but do they wish to take orders from chips that are 10nm and below? Keep in mind that the margin is so low, and saturated with China players in this region...
1 month ago
Dufu , kobay both PE only worth around 10 ! Higher is overvalue , sorry to say that is the truth !
1 month ago
Some suppliers went bust during this HDD recession. WDC and STX mentioned that this recession hurt their supply chain gao gao. Hence, I am very confident that WDC and STX will not terminate their contracts with Dufu. A good relationship with its customer is also a moat.
3 weeks ago
If the hyperscaler is asking for more HDD, WDC and STX also mentioned there is a supply issue due to unhealthy supply chain. Keep in mind that Toyota once shut down their factory due to insufficient disk space. This shows how important is a 'cheap but large capacity storage devices'.
3 weeks ago
All the local OSAT players are getting more orders from China. Customers are looking for a more resilient supply chain instead of focusing all their resources in China. This will benefit our local OSAT players, as well as equipment and precision metal players.
3 weeks ago
The semiconductor industry is definitely going to revive in this second half of this year. There is no turning back, we all are using more digital devices.
3 weeks ago
Notion HDD revenue rebounded from 16million last quarter to 23million this quarter...
3 weeks ago
HDD is now on the verge of entering a new phase of growth, thanks to breakthrough technology aimed at increasing its capacity.
This technology is the ultimate form of energy-assisted recording aimed at improving recording density, known as Heat-Assisted Magnetic Recording (HAMR).
Seagate Technology in the United States plans to start mass production of 3.5-inch HDDs for data centers using HAMR by the end of March 2024. The recording
capacity per disk (per platter) is 3TB, and they have developed a product with a capacity of 30TB, named Exos Mozaic 3+, by incorporating 10 disks.
3 weeks ago
Heat-Assisted Magnetic Recording (HAMR) is a groundbreaking technology designed to significantly increase the storage capacity of hard disk drives (HDDs). By using a laser to temporarily heat a small area of the disk, HAMR enables the magnetic recording of data on much smaller regions than was previously possible, leading to a dramatic increase in data density. This technology allows for the potential creation of HDDs with capacities far exceeding current limits, aiming towards drives with 20TB of storage and beyond, with projections reaching up to 100TB by around 2030. HAMR technology operates by focusing a laser's heat on the disk surface, which reduces the coercivity of the material, making it more susceptible to magnetic changes. Once the area cools down, the data is securely stored with high fidelity. Despite the advanced nature of this technology, it is designed to be compatible with existing HDD form factors, ensuring that it can be integrated into current systems without necessitating significant changes to hardware configurations. This compatibility extends to the anticipated running costs of HAMR drives, which are not expected to be significantly higher than those of traditional HDDs, as the laser used in HAMR requires only a small amount of power. The development of HAMR technology by companies like Seagate marks a significant milestone in data storage technology, aiming to meet the growing demand for higher capacity storage solutions in data centers and other applications where massive data storage is essential.
3 weeks ago
Seagate Will Release 30TB HAMR Hard Drives in Early 2024
https://www.guru3d.com/story/seagate-will-release-30tb-hamr-hard-drives-in-early-2024/
Despite the decreasing cost of SSD storage, HDDs are expected to remain the preferred option for mass storage in data centers for the foreseeable future due to their capacity advantages. Reflecting on the evolution of storage capacities, Seagate's progress is noteworthy, considering they reached a milestone of 16 terabytes only in 2018, and are now poised to double that capacity.
3 weeks ago
Last Friday sell off was to price in the poor performance of its peers. Dufu is quite unique in the supply chain, its metal stamping division takes semiconductor parts, automotive, life sciences and etc. But its main product is the spacer ring, which I anticipate the recovery has definitely started since January of this year.
3 weeks ago
Notion HDD segment does base plates, spacers, disk clamp... But dufu is spacer pure play company.
3 weeks ago
Dufu has ~40% spacer ring market share. Just take notion HDD segment as a reference, we can anticipate a somehow modest recovery...
3 weeks ago
Finally turnaround! 2024 quarter should be better. Even bad result trading at only pe of 35.
2 weeks ago
https://phys.org/news/2024-02-3d-nanoscale-optical-disk-memory.html
This should be the last nail on the coffin for dufu. Run run run!!! Don't be in denial. Technology obsolescence for dudu is inevitable.
2 weeks ago
https://investors.seagate.com/events/default.aspx
Let's join together and listen to STX's update on their core HDD business.
2 weeks ago
https://seekingalpha.com/article/4676136-western-digital-corporation-wdc-morgan-stanley-technology-media-and-telecom-conference
And then in the HDD business, of course, we saw the big hyperscale players in the U.S. coming back more robust conversations there. We saw good growth in China. We had over 100% sequential growth in China in the HDD business. So we came into the quarter with a lot of strength and a lot of momentum in the business. which brings us to the current quarter. I'll give a little bit of an update on what the environment looks like right now.
I think from when we guided, the business is stronger than that at this point. If we look at the guidance ranges, we provided, we expect to be near the high end of guidance of the range we provided. But each business is performing better from a profitability point of view. Couple of points of additional gross margin in each business. All the rest of the numbers are within guidance ranges. So we expect this quarter, we expect on an EPS basis to exceed the high end of our guidance range.
1 week ago
https://seekingalpha.com/article/4676136-western-digital-corporation-wdc-morgan-stanley-technology-media-and-telecom-conference
And then in the HDD business, of course, we saw the big hyperscale players in the U.S. coming back more robust conversations there. We saw good growth in China. We had over 100% sequential growth in China in the HDD business. So we came into the quarter with a lot of strength and a lot of momentum in the business. which brings us to the current quarter. I'll give a little bit of an update on what the environment looks like right now.
I think from when we guided, the business is stronger than that at this point. If we look at the guidance ranges, we provided, we expect to be near the high end of guidance of the range we provided. But each business is performing better from a profitability point of view. Couple of points of additional gross margin in each business. All the rest of the numbers are within guidance ranges. So we expect this quarter, we expect on an EPS basis to exceed the high end of our guidance range.
1 week ago
Question: Okay. And I'll come back to some of that, but maybe just on the quarter being better, similar on the hard drive side, where are you seeing that gross margin improvement? Is that all price? Or is there other cost element.
Answer: The hard drive business is driven by both better pricing and higher shipments. So we're still in an underutilized state. We expect to be -- still have some utilization this quarter, but we're seeing a little better volume. And of course, when you're -- we have underutilization, we're going to see a margin impact of that. But we're seeing better volume and better pricing in the drive business. And as I think if you roll both of these forward into Q4, we're going to see again, in Q4, we're going to -- our F Q4, which is our June quarter. Again, on the flash business, you're going to see bits flat so we'll see some modest pricing driven improvement there. And then we'll see some modest growth in exabytes and pricing in the drive business. So I would expect some modest sequential growth going into F Q4. Yes. But we're also -- I want to balance it with one thing, we're going to see more variable comp headwinds in outperformance of the business in Q4.
1 week ago
Joe Moore
Yes. Okay. That makes sense. And then you guide one quarter at a time, which I appreciate, but any sense on the durability of the good things that you're seeing beyond the current quarter?
David Goeckeler
Well, if I look at the drive business, we're getting -- we're coming back. We did a lot of work during the downturn where we just structurally remove capacity from the system. So I think the drive industry is an industry that has been going through this client to cloud transition for literally 15 years. And the client business, there's just a lot more unit capacity that in the system that is required in a nearline dominated business. So we've just removed that from the system, I think we've signaled that to our customers. We don't have as much capacity as we had in the past. And in return, they're giving us more visibility into what their ordering looks like throughout the rest of the year. So in the drive business, we came into the fiscal year believing we're going to see sequential growth throughout the fiscal year, certainly, in the first half of the year, first 3 quarters of the year, we're seeing that.
And last earnings call, we extended that to this calendar year. So we feel good about that business in a return to kind of reversion to the mean of the 20%, 20% to 25% through cycle exabyte growth we're getting back to that.
1 week ago
Joe Moore
Yes. Okay. I mean that idea that on the hard drive side, your focus isn't on supply growth. Like what if demand comes back? I mean, it seems like it could be a very good backdrop for drives in the sense of what's your ability to respond to a pickup in demand. And because it's such a complicated supply chain with so many parts, and it's been bad for so long, frankly, that I would think some of your subcomponent suppliers have limited flexibility as well.
David Goeckeler
Yes. Well, remember that in the drive business, even you're coming back to more exabytes, but units, it's still going down, right? So we've sized the business for what we think the number of units we need going forward that will keep the market balanced and that's where we want to stay because every quarter you go forward, the mix moves forward to higher capacity drives, you're adding exabytes through more capacity per unit. But I think the drive business has been persistently oversupplied for what, maybe 15 years, 20 years.
I mean everybody talks about the Thailand flood, it's like more, I mean it's like the only time where we had supplied more demand than supply in the drive business was when we had a flood in Thailand. And I was just there like 3 weeks ago, and they still have the thing on the wall that tells you how high the water went, but I don't think the drive industry should be any different than any other industry in the data center, right? You can't just show up in the quarter, you need something and you get it. And that's the way the business has been run for a very long time because of this persistent oversupply.
And I talked about earlier, we've now the downturn was a brutal downturn it had impact on quite frankly, a lot of people's families that work in those places that we are underemployed. And so we want to set the supply at a certain level. And then when we get visibility and conviction on sustained demand, not demand that just shows up for 1 quarter or 2 quarters or 3 quarters. I mean sustained demand for a long time, then we can start talking about if we put supply back in the system. But we're -- we're not at that point yet. We'll see how quickly we get there. I do think we're -- I do think in the next several quarters, we'll get back to supply-demand balance drive industry for maybe the first time in a long time.
1 week ago
WDC and STX are clearing their inventories, and it will take some time.
I believe if what WDC said the conference is true which the demand is actually recovering, then it is going to take 2-3 quarters until they start to order from their subcomponent suppliers.
1 week ago
share price always response 6 months ahead. If what WDC saying is truth, rebound of dufu share price is near the corner....
1 week ago
Dufu is game over. Run before it's too late. www.livescience.com/technology/electronics/new-petabit-scale-optical-disc-can-store-as-much-information-as-15000-dvds
6 days ago
nicholas99
when you are as big as tsmc. you would want to make things yourself to control the cost.
1 month ago