Bursa Malaysia Stock Watch
JCY - JCY active, up after RHB Research maintains outperform call
kltrader
Publish date: Tue, 05 Oct 2010, 06:40 PM
kltrader
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Stock Name: JCY
Company Name: JCY INTERNATIONAL BERHAD
Research House: RHB
KUALA LUMPUR: JCY International was actively traded on Tuesday, Oct 5 after RHB Research Institute maintained its outperform recommendation on the stock with a fair value of RM1.31.
At 3pm, JCY was up 2.5 sen to 99 sen with 11.87 million shares traded.
RHB Research said that going forward, JCY's earnings would be mainly driven by strong demand for the 2.5'' hard-disk drive (HDD) fuelled by stronger-than-expected demand for mobile PCs and consumer electronics; resilient demand for the 3.5'' HDD stemming for demand for desktops and gaming consoles; and improving corporate and consumer IT spending.
'We upgraded the stock to Outperform from market perform in our 4Q2010 strategy report dated 1 Oct. Our fair value of RM1.32 per share is based on an unchanged 10 times FY11 EPS,' RHB said in a note on Oct 5.
Company Name: JCY INTERNATIONAL BERHAD
Research House: RHB
KUALA LUMPUR: JCY International was actively traded on Tuesday, Oct 5 after RHB Research Institute maintained its outperform recommendation on the stock with a fair value of RM1.31.
At 3pm, JCY was up 2.5 sen to 99 sen with 11.87 million shares traded.
RHB Research said that going forward, JCY's earnings would be mainly driven by strong demand for the 2.5'' hard-disk drive (HDD) fuelled by stronger-than-expected demand for mobile PCs and consumer electronics; resilient demand for the 3.5'' HDD stemming for demand for desktops and gaming consoles; and improving corporate and consumer IT spending.
'We upgraded the stock to Outperform from market perform in our 4Q2010 strategy report dated 1 Oct. Our fair value of RM1.32 per share is based on an unchanged 10 times FY11 EPS,' RHB said in a note on Oct 5.
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