JF Technology Bhd (-ve)
SHARES in JF Technology Bhd (fundamental: 2.5/3, valuation: 0.2/3) triggered our momentum algorithm for the first time since we started tracking. The counter closed 1.5 sen or 2.8% higher at 55 sen yesterday, with 644,800 shares traded. In comparison, its 200-day average volume is only around 13,554 shares.
The electronic products and components manufacturer saw a turnaround with a net profit of RM1.17 million in the second quarter ended Dec 31, 2016 (2QFY17), compared to a net loss of RM300,000 a year earlier, mainly due to an increase in export sales and strengthening of the US dollar against the ringgit during the quarter. Revenue rose 19.57% to RM5.65 million from RM4.7 million.
For the six-month period of FY17, its net profit jumped 49.44% to RM2.66 million from RM1.78 million. Revenue rose 17.01% to RM11.9 million from RM10.17 million.