I have positioned into JAG 2 months ago. （You may refer to my previous article for more information）The current market context is fantastic for JAG. Why? Let me tell you:
 

• Gold prices hit all time high as it crosses the 2000 usd mark.

• E-waste processing company like JAG will benefit from its commodities inventories (looking at its latest financial report, JAG had close to RM50 million inventories)

• Gold have been leading commodities prices to surge significantly. Gold and Silver are up 35% and 55% respectively this year.

• Worldwide sales of semiconductors also picked up gradually as work from home trend has started and it has driven a lot of demand on electronic devices. (To my suprise, the sales figures rose amid the lockdown of economy in april.)

• Instead of directly investing into a semi-con companies whereby uncertaines are here to stay for sometime, I have tapped into JAG to enjoy the rally on uptrend semi-con sales and favourable commodities prices at this juncture.

• JAG has been doing well in its last two quarters after a series of better cost management measures. Its trailing 12 months gross profit margin has hit double digits of 10% again since FY2017.

• Riding on the higher commodities prices and favourable operating prospects, I see JAG to enjoy a quick normalisation post-covid 19 with minimal risk as the company's gearing ratio is low (debt to equity ratio at 16%)