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KUALA LUMPUR (Feb 10): JF Technology Bhd s net profit for the second quarter ended Dec 31, 2020 (2QFY21) surged 184% year-on-year to RM4.01 million from RM1.41 million, boosted by higher revenue due to sustained robust demand from customers despite the Covid-19 pandemic. A bourse filing yesterday showed that its revenue climbed 54.19% to RM9.36 million from RM6.07 million previously, on stronger sales and lower operating cost to revenue ratio. Earnings per share rose to 1.77 sen in 2QFY21 from 0.67 sen a year earlier. The group also declared a single-tier interim dividend of 0.5 sen to be paid on March 11. For the cumulative six-month period ended Dec 31, its net profit soared 148.91% to RM8.02 million from RM3.22 million a year ago. Meanwhile, revenue increased 47.9% to RM18.51 million from RM12.51 million previously, driven by higher demand from its customers. ....
THE tech stock rally this month, which was particularly strong last week, should not come as a surprise to investors as many of the counters have hit all-time highs since last year’s June-to-August market rally. The spectacular share price performances of these semiconductor and semiconductor-related stocks have been overshadowed by the rubber glove mania last year amid the Covid-19 pandemic. Until lately, that is. One major factor fuelling the current rally is the global chip shortage, which has pushed up the prices of certain semiconductors and caused automotive firms to halt production. But it appears that the shortage has become a boon to semiconductor players, including Malaysian companies, as lockdowns and travel restrictions are prompting consumers to buy more smartphones, smart devices, smart TVs, computers and laptops. ....
The main index at Bursa Malaysia rose 0.57% in early trade on Thursday in line with regional markets as renewed optimism over US fiscal spending lifted global investor sentiment. At 9.10am, the FBM KLCI rose 9.19 points to 1,610.73.d ....
The stocks with negative momentum were: BCB Bhd down 0.5 sen at 37 sen Cheetah Holdings Bhd up two sen at 88 sen Focus Point Holdings Bhd up 13 sen at RM1.29 JF Technology Bhd up 28 sen at RM2.24 Kenanga Investment Bank Bhd up six sen at RM1.26 KPower Bhd down 12 sen at RM2.57 Multi-Usage Holdings Bhd up three sen at 51 sen Pantech Group Bhd up 1.5 sen at 46 sen UMS-Neiken Group Bhd up 23 sen at RM1.18 Zhulian Corp Bhd up 13 sen at RM1.78 The stocks with positive momentum were: Dagang NeXchange Bhd (DNeX) up four sen at 26.5 sen Eita Resources Bhd up 16 sen at RM3.11 ....
KUALA LUMPUR (Jan 21): The main index at Bursa Malaysia reversed its earlier gains and slipped to below the 1,600-point level at the midday break today as investors digested the impact of the expanded movement control order (MCO) restrictions, against the backdrop of firm regional markets. At 12.30pm, the FBM KLCI dipped 3.37 points to 1,598.17. The index had earlier risen to a high of 1,615.22. Losers led gainers by 471 to 239, while 751 counters traded unchanged. Trading volume was 3.85 billion shares valued at RM2.19 billion. The top losers included Euro Holdings Bhd, Cymao Holdings Bhd, KESM Industries Bhd, PPB Group Bhd, PM Technology Bhd, Petronas Chemicals Group Bhd, Time dotCom Bhd, Genetec Technology Bhd and GHL Systems Bhd. ....