Dufu Technology Corp Bhd (-ve)
Trading of the shares in Dufu Technology Corp Bhd (fundamental: 3/3, valuation: 1.8/3) triggered our momentum algorithm as the share price surged by 8.64% or 14 sen to close at RM1.76 with about 7.71 million shares traded. Its market capitalisation stood at RM286.4 million.
The trading volume was about 11 times higher than the group’s 200-day average volume of about 654,206 shares.
On Tuesday, Dufu Tech said net profit for its second quarter ended June 30, 2018 (2QFY18) rose 72% to RM11.81 million from RM6.88 million a year ago, due to higher demand for hard disk drive components and strengthening of the US dollar.
The group’s revenue also jumped by 43% to RM58.69 million in 2QFY18 compared with RM40.97 million last year.
In the past one year, Dufu Tech’s share price has gained by about 34.82%. It was last traded at a trailing price-earnings ratio of 8.8 times while dividend yield stood at 5.70%.