Bursa Malaysia Stock Watch
JCY - JCY slides to historic low, heavy volume
kltrader
Publish date: Wed, 01 Sep 2010, 05:27 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Stock Name: JCY
Company Name: JCY INTERNATIONAL BERHAD
Research House: RHB
KUALA LUMPUR: Shares of hard-disk drive manufacturer fell to its historic low of 87.5 sen in late afternoon trade on Wednesday, Sept 1 in the absence of fresh negative news despite RHB Research Institute maintaining a market perform call and fair value of RM1.32.
At 3.31pm, it was down eight sen to 88.5 sen. There were 23.74 million shares done at prices ranging from 87.5 sen to 96 sen.
RHB Research said that JCY, given its reliance on Western Digital and Seagate, was looking to expand its customer base as well as increase its margins.
Going forward, JCY's earnings will be mainly driven by: 1) strong demand for the 2.5'' HDD fuelled by stronger-than-expected demand for mobile PCs and consumer electronics; 2) resilient demand for the 3.5'' HDD stemming for demand for desktops and gaming consoles; and 3) improving corporate and consumer IT spending.
'We maintain our Market Perform call on the stock with a fair value of RM1.32/share based on an unchanged 10x FY11 EPS,' it said.
Company Name: JCY INTERNATIONAL BERHAD
Research House: RHB
KUALA LUMPUR: Shares of hard-disk drive manufacturer fell to its historic low of 87.5 sen in late afternoon trade on Wednesday, Sept 1 in the absence of fresh negative news despite RHB Research Institute maintaining a market perform call and fair value of RM1.32.
At 3.31pm, it was down eight sen to 88.5 sen. There were 23.74 million shares done at prices ranging from 87.5 sen to 96 sen.
RHB Research said that JCY, given its reliance on Western Digital and Seagate, was looking to expand its customer base as well as increase its margins.
Going forward, JCY's earnings will be mainly driven by: 1) strong demand for the 2.5'' HDD fuelled by stronger-than-expected demand for mobile PCs and consumer electronics; 2) resilient demand for the 3.5'' HDD stemming for demand for desktops and gaming consoles; and 3) improving corporate and consumer IT spending.
'We maintain our Market Perform call on the stock with a fair value of RM1.32/share based on an unchanged 10x FY11 EPS,' it said.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
3
save malaysia!
4
5
7
8
AmInvest Research Reports
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
