KUALA LUMPUR (Oct 23): Trading of JF Technology Bhd shares will be suspended next Monday, from 9am until 5pm, pending the release of a material announcement.
"The request for suspension is made under Paragraph 3.1(c) of Guidance Note 12 of the ACE Market Listing Requirements of Bursa Malaysia Securities," the company's bourse filings showed.
The counter was the fifth-biggest gainer on Bursa Malaysia, as it closed up 23 sen or 5.03% to its all-time high of RM4.80, after some 12.9 million shares were done. Year-to-date, the stock has gained three times from RM1.58 on Jan 2 this year.
At the current price, its market capitalisation has ballooned to some RM1.08 billion.
JF Technology manufactures and supplies electronic products and components, including test probes and test socket products, to the semiconductor industry worldwide.
It reported a net profit of RM3.09 million for the fourth quarter ended June 30, 2020 (4QFY20) against a net loss of RM656,000 booked in the same period last year, as its quarterly revenue soared to a record high of RM8.13 million boosted by strong demand from its customers overseas.
The earnings growth was also boosted by lower operating expenses which declined 19% to RM3.35 million in 4QFY20 compared to RM4.11 million a year ago.
Earnings per share were 1.47 sen, versus loss per share of 0.31 sen in 4QFY19. Quarterly revenue swelled 60% year-on-year (y-o-y) to RM8.13 million from RM5.08 million a year ago.
For the full year ended June 30, 2020 (FY20), JF Technology's net profit surged 166% to RM8.02 million from RM3.02 million in FY19. While cumulative revenue increased 16% y-o-y to RM26.82 million from RM23.03 million.
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