Highlights
KLSE: JCY (5161)       JCY INTERNATIONAL BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.485   -0.005 (1.02%)  0.48 - 0.50  13,640,100
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Overview

Market Cap: 1,029 Million
NOSH: 2,122 Million
Avg Volume (4 weeks):33,388,294
4 Weeks Range:0.48 - 0.59
4 Weeks Price Volatility (%):
4.55%
52 Weeks Range:0.13 - 0.87
52 Weeks Price Volatility (%):
47.97%
Average Price Target: 1.35
Price Target Upside/Downside: +0.865
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#4]  |  26-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  25-Feb-2021
T4Q P/E | EY: 40.19  |  2.49%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.4332  |  1.12
T4Q NP Margin | ROE: 2.38%  |  2.79%

Headlines

Date Subject
18-Jan-2021 JCY(5161)损失了重要的客户,接下来业绩开始走下坡了吗?
15-Jan-2021 Mplus Market Pulse - 15 Jan 2021
15-Jan-2021 PublicInvest Research Daily - 15 Jan 2021
14-Jan-2021 [转贴] [Video:浅谈JCY INTERNATIONAL BHD, JCY, 5161] - James的股票投资James Share Investing
04-Jan-2021 Trading Stocks - JCY International
24-Nov-2020 Daily technical highlights – (OPENSYS, JCY)
13-Oct-2020 Stocks On Radar - JCY International (5161)
07-Oct-2020 Tradersbrief - Building Base Near 1500 levels Amid Virus Resurgence
07-Oct-2020 Traders Brief 7 Oct 2020 - Building Base Near 1500 Levels Amid Virus Resurgence
02-Oct-2020 Traders Brief - Still Trapped In Downtrend Channel As The Odds Continue To Favour The Bears
29-Sep-2020 Trading Stocks JCY International
25-Sep-2020 Daily Technical Highlights - (AEMULUS, JCY)
22-Sep-2020 Stocks On Radar - JCY International (5161)
21-Sep-2020 Technical View - JCY International Bhd (JCY, 5161)
12-Sep-2020 JCY国际反弹挑战85仙/敏源
10-Sep-2020 Stocks On Radar - JCY International (5161)
07-Sep-2020 在科技股的推动下,JCY创下4年新高!
03-Sep-2020 JCY Surged to a New High for More Than 4 Years Driven by Technology Stocks!
03-Sep-2020 [转贴] [JCY INTERNATIONAL BHD:有利的汇率和更好的产品组合] - James的股票投资James Share Investing
02-Sep-2020 [转贴] [Video:浅谈JCY INTERNATIONAL BHD, JCY, 5161] - James的股票投资James Share Investing

Business Background

JCY International Bhd and its subsidiaries are in the business of investment holding and manufacturing and trading of hard disk drive components. Its manufacturing plants are located in Malaysia, Thailand and China. The company operates through Malaysia and Thailand segments. It derives majority of its revenues from Malaysia.
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  56 people like this.
 
silverdigger 0.49 is cheap.. but not cheap enough.
19/01/2021 4:29 PM
Tesla This bad news already knows since Nov2020. it's already >30% down since Nov2020 which is around 78 cents. For a company that profit for the 2020, Don't think it's going to get worst anymore and should be around the bottom. I collected many! Wait and See. Heehee...
19/01/2021 5:02 PM
SuperPanda slowly distibute, if cut loss early, already save your capital

averaging down on a risky fundamental value will make your capital suffer

tomorrow will be another drop
19/01/2021 5:06 PM
james8888 Good news coming soon. Start to collect
19/01/2021 5:29 PM
white7012 company earnings from impairment gain, how good is this company, lol!!! don't forget company esos @ 0.25 sen only, you think this kind of smart management won't sell and wait for better news come out!!?
19/01/2021 5:41 PM
Tesla Tomorrow OPR Cut rate, do you think this share will go up?
19/01/2021 5:57 PM
Tesla i still remember one of the company's director sold his ESOS shares, he got fired by the MD... may be small fry will sell their ESOS shares.. It's all about company image.. Wait and See! Hope i am wrong.
19/01/2021 6:00 PM
oirugfhy Tomorrow mco, will meet 30c soon
19/01/2021 6:38 PM
SumaInsider James start to collect? planning to go to amsterdam is it? hahahha
19/01/2021 7:14 PM
Hoho22 Pathetic management sitting on a net cash co,doing nothing.Really hopeless!
19/01/2021 8:12 PM
james8888 This morning i makan with the boss. He says will goreng in this MCO. The bad news was intentional to wash down the sellers at a cheaper price. Then he will start to goreng.
19/01/2021 8:14 PM
skygazer Time to accumulate. Those who've been watching this counter for long time knows that it's currently at support.
19/01/2021 8:52 PM
white7012 tech stock coming, jcy still stack alot buyer there .... still want to trap people ar,lol !!! I still waiting your basket order to throw me please
20/01/2021 9:54 AM
white7012 boss, can you change your goreng style ??? really too low skill for you to dump your share
20/01/2021 9:57 AM
Tesla Net profit in FY21E is expected to grow 3x to RM150.8m as the group takes on higher loading volume in 2H 2020 and into 2021.

Trading Buy with a FV of RM1.35 based on 18.7x FY21E PER, in line with its 3-year mean. The recent surge in web computing is just the beginning of a long-term secular demand for mass capacity storage with TAM estimated to rise from the current market size of US$12.5bil to US$24bil in 2025. We like JCY for being: (i) a close proxy to the massive upcycle in the HDD market due to data centre expansion (ii) able to enjoy higher order volume and ASP owing to supply chain consolidation and (iii) proactive in diversifying revenue stream by venturing into the automotive market.

Good news coming in Q12021, Hee.hee....
20/01/2021 10:02 AM
white7012 please don't put old new and show like got news
20/01/2021 10:31 AM
Anaksarawak Useless company and management team..
白拿薪水的一群
20/01/2021 3:33 PM
sprite_888 will JCY drop below 0.480? Seem the support is 0.480, correct me if i wrong.
20/01/2021 3:52 PM
white7012 they get salary from trap people in the share, nice job... i think will easily drop below 48
20/01/2021 4:04 PM
white7012 how many buyers stack there also same, left hand to right hand
20/01/2021 4:05 PM
bowman No way this stock will fly like last year. There simply are no incentives and with the MCO, production will be affected
20/01/2021 4:14 PM
white7012 is the banker or boss no intention to fly the share, if want fly won't released such bad new after the day spike up with volume . they just want to pakat with ibank and sell off their share only .
20/01/2021 4:43 PM
kahsoon888 The one day spike very obvious is a trap...They will not push up again in near future. Next QR u will see the profit
20/01/2021 4:45 PM
white7012 spike with volume give hope to retailers, timing very good, but 1 day show only, really useless boss
20/01/2021 4:47 PM
Anaksarawak This year company said got impairment loss already..wtf... dividend no..real profit no.. business no.. ESOS got .. impairment loss got..reversal impairment got... totally rubbish company
20/01/2021 5:45 PM
Anaksarawak This call turn around company..? Bxllshxt
20/01/2021 5:46 PM
Superb99 turnaround to longkang
20/01/2021 5:47 PM
Anaksarawak Pandai use ESOS turn money to own pocket..?? LoL
20/01/2021 5:48 PM
NIWV Don't be surprise if JCY rebound tomorrow..
20/01/2021 5:56 PM
SuperPanda ask to cut loss above .50, now continue losing, even if you think its going to reverse, wait until reversal trend only buy, should cut your loss small

btw, i do survey for new laptop today, it come to my surprise that almost all laptop now using SSD

no wonder customer cancel order
20/01/2021 6:04 PM
Joyce126 Cheap technology stock
Net cash
Growing co.
Need to hold min 6 months
Good luck and sure will make money
20/01/2021 7:15 PM
Carl99969 So, next month go lower, after 6 months later only make money?
20/01/2021 9:57 PM
white7012 stack at support level 0.48 and 0.485 for what , u think kindergarden student don't know what is your tartic ar?? lol. double bottom , u think so good want rebound at support level give retailer run meh
21/01/2021 8:58 AM
white7012 please dont stack there, just dump to 20 sen , see how your company will change . lets see
21/01/2021 8:59 AM
white7012 if want see jcy come or not very easy , will straight away eat up at least 3 bit and wont throw down within 10 min. this stock banker only got 1 type only , thats y say him low skill
21/01/2021 9:22 AM
white7012 prepare to break down 0.48 sen soon, they cant tahan already
21/01/2021 10:23 AM
white7012 4pm already, where are you ? basket order ? where
21/01/2021 3:58 PM
james8888 Just hold this mco until cny. I will fly again
21/01/2021 6:02 PM
white7012 within 10 min , then die again,lol same pattern. they change hand like this already know gone case
22/01/2021 9:43 AM
Nancy Boon james8888
really it will come back then I hold
22/01/2021 9:45 AM
white7012 keep??!! see will break down 0.48 only justified.
22/01/2021 11:32 AM
druggy8989 Cut loss already :(.

They lost 1 major customer, previous financials good because of the reversal of impairment. Too much opportunity cost will be lost if continue to hold.

Good luck to all that is holding.
22/01/2021 1:58 PM
white7012 48 48 faster break down , basket order please . you already no ability to change hand at higher price already
22/01/2021 3:43 PM
skygazer next week fly
22/01/2021 4:49 PM
SuperPanda the rest tech already shoot the moon, this tech dive into water find fish

cant u smell the fishy?
22/01/2021 4:52 PM
white7012 fly down lo
22/01/2021 4:52 PM
white7012 jcy only acting as tech stock , they don't have any technical advantage
22/01/2021 5:01 PM
FlyingElephant Reported by the edge this weekend..that's why the fly down..

News about JCY losing a major customer has put investors on the alert. There are concerns that a scaling back on buying by HDD producers as they embark on a rationalization of their supply chain may hurt the market.

Apart from JCY, two others listed HDD players are DUFU and Notion.

Industry observers are of the view that JCY’s announcement does not reflect the situation in the entire HDD market, citing competition and pricing as possible reasons for the JCY customer’s decision.

It is worth noting that there are various mechanical components in HDDs, with JCY mainly involved in producing base plates while DUFU and Notion manufacture disk spacers. The components are then supplied to three HDD giants, namely Seagate, Western Digital and Toshiba.

Market observers say the advantage enjoyed by DUFU and Notion is that demand for disk spacers increases in tandem with storage capacity. That is why observers see healthy growth for the next two years from Jan 2021 at least, especially enterprise servers for cloud computing in a post pandemic.

However for base plates, in which JCY has a presence – the growth goes in tandem with the unit of shipment which has been falling over the years because low end HDDs are being replaced by SDDs which a are faster, lighter, more durable and consume less energy.

The unit of shipment for HDDs is down 10% every year. Now (Jan 2021) we don’t talk about the unit of shipment but it is calculated based on the amount of storage which has been growing 30% per year since 10 years ago.

The storage growth will be even higher in the next five years from Jan 2021 driven by the work from home arrangements because of the pandemic. Technological advancements such as 5G will also spur the expansion in the HDD segment.

Exponential growth in data gas prolonged the life span of HDDs. As such HDD component manufacturers are focusing on higher end HDDs catering for enterprises.

Whole SSDs are seen as a threat for HDDs observers think that more time is needed for the SSD segment to catch up, on the back of huge investment cost involved. Despite the SSD price coming down in the past two years the cost of ownership for a higher version of HDD is still 10x cheaper than that of SSD.

Overall industry players do not foresee a structural change to the HDD segment, as demand from enterprise sector is still growing, albeit with shrinking orders from the consumer side.

Enterprise hubs such as Google will not choose to change to SSDs entirely because of the cost efficiency consideration. It is not just about the storage issue but they have to take into account other factors such as electricity voltage and backup system. Observers do not think the price gap between HDDs and SSDs will be closed anytime soon.

Enterprise HDDs will continue to be the target market for HDD component manufacturers. And it will tough for these manufacturers to venture into the SSD market due to the huge differences in internal components.

The HDD segment contributes 80% to Taiwan’s DUFU top line.

JCY loss of its major customer is expected to have a negative impact on its financials with possible impairment provisions for FY2021. In response it said a major realignment of its customer base has commenced.

Currently only 40% of Notion top line is derived from HDD business.
23/01/2021 9:35 AM
bursa_malaysia If you are looking to invest in the technology sector this year, Bursa Malaysia has much to offer. You will find that technology companies are mushrooming in recent years what with the need and the demand for better and faster technology among consumers and users around the country. Hence, you will find that companies which manufacture or offer technology-based services and products might just be a sound investment and worth considering.

The company with the largest market capitalisation is JCY International Berhad which is among some of the most unknown companies in Malaysia. In the grand scheme of things, JCY is a hard disk drive manufacturer which supplies its products to the global market. This makes it one of the major market players in the sector. It rose to fame recently after the major flood crisis hit Thailand which saw some manufacturers having to halt production while JCY continued on unaffected. Its factories are also in Thailand and China while it is headquartered in Johor with plants in Penang and Melaka.





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23/01/2021 12:54 PM
skygazer @FlyingElephant true, also keep in mind about cloud computing. Majority of servers in data centers will continue to use HDDs instead of SDDs due to cost and storage capacity. With the cloud storage boom in coming years, there's going to be huge demand for HDDs. SDDs may be dominant among conventional purposes for general customers. HDDs will be predominant in data centers. It's a major shift but HDDs aren't going away anytime soon.
23/01/2021 12:55 PM


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