JF Technology Berhad’s (KLSE:JFTECH) 35% Price Boost Is Out Of Tune With Revenues
JF Technology Berhad (KLSE:JFTECH) shareholders would be excited to see that the share price has had a great month, posting a 35% gain and recovering from prior weakness. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 17% in the last twelve months.
After such a large jump in price, given around half the companies in Malaysia’s Semiconductor industry have price-to-sales ratios (or “P/S”) below 3.1x, you may consider JF Technology Berhad as a stock to avoid entirely with its 10.7x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
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