On 9th Feb 2021, three technology related stocks released their quarterly financial results. They are Genetec, FPGroup & JFTech.
I'd say that their results were not up to the expectation of most investors.
Genetec's FY21Q3 PATAMI of RM0.89mil was a 66% and 90% drop QoQ and YoY respectively. This Q3 used to be its best quarter in previous 3 financial years.
FPGroup's FY21Q2 PATAMI of RM2mil was also not that good, but still slightly better than Genetec with a 35% & 57% drop QoQ & YoY respectively.
This quarterly profit is its lowest in the last 2.5 years.
JFTech's FY21Q2 PATAMI of RM4.0mil was a mere 0.15% improvement QoQ, even though its share price has taken a rocket ride from RM1 to over RM8 (adjusted for bonus issue) in less than one year time.
Despite a slight increase in net profit, its EPS actually dropped 1.7% QoQ due to increase in outstanding shares.
