Based on the present no of share done at this moment 13,493,500 > 1,947,000 (ESOS). So, ESOS problem solved. JCY free to fly.

Queue at 0.755 to lend support from the ESOS sellers.

I calculate carefully:
(No of ESOS shares listed / No of shares traded daily) × 100
= (1,947,000/131,054,800) × 100
= 1.5%
The ESOS shared traded tomorrow (13.06.2024) is only 1.5% of the no of daily shares traded. I think tomorrow it will open in red, will test the support 0.755 one more time, and if it can hold, then it will turn white and if the last 5 minutes, the good whale appears, it can close 2 sen up.

No investment bank provides coverage for Dufu. But the AI / Data Centres / Hard Disk Drives / Solid State Drives theme play is real and is going on.

Just a normal profit taking. No bad news.

How can the management of JCY offers the ESOS to their employees so frequent. Both Dufu and Notion also got ESOS, but not so frequent.

Dufu closed at 2.65 (up 25 sen) after reaching a high of 2.77. The good fact is HDD/SSD theme play is real.

OTB has invested a small amount of money in JCY already based on TA. He said last Sunday that if Q3 PAT is really 36.26 mil, he will buy big even if at that time (31 Aug 2024) the price of JCY is higher than the present price.

Like just now, those who panic sell at 0.755 got to buy back at 0.780 tomorrow. That is why I dare not sell.

I dare not sell nor add. I want to wait for the 3rd quarter results to witness together with OTB whether or not the PAT Q3 : 36.26 mil. If yes, OTB will buy big.

Today DUFU finally shoots up 25 sen. Ratational goreng.

One after another date centre to be built in Malaysia.
https://theedgemalaysia.com/node/714954
SunCon charts another new all-time high after data centre contract upsized.

This JCY has so many professional support like kkwong13, hng33 (at this moment, who might jump to another counter in a right time), Calvintaneng and OTB (based on TA first). OTB will buy big if the 3rd quarter results satisfy his requirement.

I must save some cash to buy on weakness.

So far, Jerung, zhm540, garychee9 have sold. In 2020, during the glove bullrun, there is a term known as "glove haircut". After this haircut, the glove counters continue to rise. Looks like JCY needs a haircut now.

Using Google Search, key in JCY Ptoducts. You will be able to see SSD components.

All the 66.5 sen tickets completely bought. Let us see tomorrow how. Take one day at a time.

https://www.youtube.com/watch?v=ApC9qiAT5Ew
The Sedenak Tech Park (YTLPOWER / NVIDIA) still under construction. Just wonder this 2nd half of 2024 JCY, Notion and DUFU's HDD/SSD sell to who?

hg33 is also buying Notion at 1.55/1.54/1.53/1.52. Very soon, he will post positive points on JCY and Notion.

hng33 is in JCY already. But he might jump to another counter very fast. Pang72 also missing already.

YTL and YTLPOWER started with the KL - Singapore HSR theme and have gone through 6 rounds of quarterly results and NVIDIA data centre theme. Now JCY is stuck at 0.66/0.67. Just give it two quarterly results and see how.

By how much the PAT goes up, it does not matter for the kaki goreng. Just like MAHSING, everything is still blur, blur (no exact planning yet), the kaki goreng can goreng it up to RM1.85 from RM1.50.

For JCY, it needs the kaki goreng to goreng it up. As long as Q3 is better than Q2 (both QoQ and YoY), it is OK already. And Q4 is better than Q3 (both QoQ and YoY), it is good enough already.

SimeProp went up from RM1.04 to RM1.24 after it said it will build a Data Centre. But people do not know it is going to built for who. After 3 days, it is confirmed that it is built for GOOGLE. But the news have no effect on SimeProp share price, maintain stuck at RM1.24. After being stuck at RM1.24 for 7 trading days, it finally hit an all time high of RM1.36 on 7 June 2024.

People don't know why on 30 May 2024, MAHSING suddenly went up 19 sen to RM1.72. Then after the market closed, the DATA CENTRE joint venture with BRIDGE DATA CENTRE news came out. But on the next day, instead of flying up, it plunged down 21 sen to RM1.50. People laugh at MAHSING for being the last one to jump into the bandwagon, just like the glove bullrun last time. But today, (7.6.2024), MAHSING has hit an all time high of RM1.85.

Posted by FortuneBlooming > 2 days ago | Report Abuse
The frequent mistake made by many during glove🥊 bull🐂 was just thinking, thinking, thinking, namely endless non-stop over-analytical overthinking, from beginning all the way to the end of bull♉ run.
But without having been accompanied by a certain healthy level of early stage trusting in their own simple-logic driven gut instinct.

Posted by OTB > 23 hours ago | Report Abuse
I need to see PAT=36.26M in Q3 2024 first.
Q2 2024, Rev=147M, PAT=5.35M [EPS 0.25sen]
Q3 2024, Rev=189M, PAT=36.26M [EPS 1.69sen]
Q4 2024, Rev=252M, PAT=82.88M [EPS 3.51sen]
Q1 2025, Rev=315M, PAT=129.50M [EPS 5.26sen]
Total 4 rolling quarters, Rev=903M, PAT=253.99M
EPS = 0.1071
I agreed that there are big demands for HDD, I accept the Rev=903 million (90% higher than FY 2023), but not PAT=254 million which is higher than Rev=1.700 billion, PAT=200 million in 2010.
==================================

Now need to think or not? Next Monday (10.06.2024) can fly or not? I looked back into the glove bullrun. It was only from May 2020 to August 2020.

I think Mr Ooi Teik Bee might prepare the paper work on JCY and he might whatsapps to his subscribers next Monday. Those subscribers who still have extra money (after putting money in their existing portfolios already) might follow his buy call the Monday (10.06.2024).

The 66 sen resistance which cause yesterday (6.6.2024) down fall has to be overcome first.

Tomorrow 9 am, I think pre-open at 0.615 but will drop to support level 0.60. 0.60 Q some, 0.605 Q some, 0.61 Q some, 0.615 buy straight away.

It started to move up from 0.55 to 0.59. Then from 0.59 to 0.67. It caught me by surprise that the "cleaning" comes so fast (oncluding Notion). To be on the safe side, I sell to buyer at 0.64. Those who know retracement charting, please let us know the reentry price.

The ESOS are listed on 30 May 2024. It is six trading days already. So factored in already.

For those who have taken profit, please don't go and chase after JCY if the price continues to go up.

Today, if can close at 0.660/0.665, also fortunate already.

Notion got last 5 minutes rise of 10 sen before. If today JCY were to follow Notion, then today, it should have a new 52-week high but will lose half of the gain at lunch break. At 2.30.pm, it will go up slightly but will come back down and close at the 2.30 pm price. Do not sell because the next day, it will go up again a little bit. And stay at that price, if follow Notion.

Better not to sell too early the Artificial Intelligence and Data Centres shares that you have bought. After you have sold and the share price still go up, then you go and chase it back and the next it drops, then you panic sell and you loss whatever you have gained earlier.

Products of JCY International Bhd:

(1) Hard Disk Drive Components
Dual Material Laminate with Progressive Stamping, Die cut adhesive and Damper Assembly

(2) Solid State Drive Components
Extrusion, CNC Machining, ED Coat, Silk Screen Printing

(3) LED Light Bulb
Die Casting, Spray Painting

(4) Solar Micro Inverter
Die Casting, CNC Machining, Powder Coat, Silk Screen Printing

(5) Baseplate
Die Casting, CNC Machining, ED Coat, Aqueous Wash

(6) Cover
Extrusion, CNC Machining, Clear Anodizing

(7) Heat Sink
Extrusion, CNC Machining, ED Coat

(8) Prototype Hog Out
From 3D CAD model to product prototype samples. CNC machined from solid block of Aluminium or Acrylic.

(9) Prototype Hog Out
Machined from solid block of material

(10) Separator Plate
Extrusion, CNC Machining, Electroless Nickel Plating

(11) Separator Plate
Die Casting, CNC Machining, ED Coat

(12) Heat Sink
Extrusion, CNC Machining, Color Anodizing

(13) Steel Connector Plate
CNC Machining

(14) Actuator Arm Body
Extrusion, CNC Machining, Chemical Polishing

(15) Steel Connector
CNC Turning, CNC Machining

(16) Steel Connector
CNC Turning, CNC Machining

(17) Actuator Pivot Flex Circuit Assembly
Class 1000 and Class 100 Clean Room Assembly

(18) Form-In-Place Gasket
FIPG Plotting, Spot UV, UV Cure, Oven Cure

Aluminium extrusion project is the new project at advancement stage of discussion.

Now it is Notion Vtec's turn to have a big advertisement:

The key words are "LAGGARD NO MORE". Starting tomorrow, Notion will be goreng "kaw kaw".
At market close last Thursday, Notion VTec had a market capitalisation of RM536.7 million, lower than that of JCY (RM844.3 million) and Dufu (RM1.25 billion).
Catch up with JCY first, followed by Dufu.

“All three of these PLCs [Notion VTec, JCY and Dufu] are machinist companies serving the HDD sector. I would say Notion is the most diversified among them,” he says.
“But yes, Notion has been underperforming over the past few years, mainly because we had to struggle on with the new investment in healthcare, and as a result we took our eyes off precision machining. We are now back in force and we should see strong stable growth going forward.”
Except for a one-for-two bonus issue of ordinary shares in 2020, Notion VTec has not paid cash dividends since FY2019. The company is currently undertaking a one-for-10 bonus issue of free warrants.
“When you are losing money, there’s simply no money to fund dividends. It has been testing times. We know the pain, so investors need to stay patient while we work hard to restore and rejuvenate the business model,” says Thoo.
At end-December last year, Notion VTec had cash in the bank amounting to RM52.24 million. According to Absolutely Stocks data, its net cash position stood at RM16.8 million. The latest warrant exercise, assuming full conversion, is estimated to bring in additional cash of RM23 million over the next five years.
“However, very few would convert to the mother share until the tail end. Free warrants are to reward shareholders and great instruments in a rising share price environment,” he says.

Laggard no more?
Looking at Notion VTec’s share price performance against that of its closest peers, namely JCY and Dufu, Thoo concedes that his company was a laggard before the recent surge. At market close last Thursday, Notion VTec had a market capitalisation of RM536.7 million, lower than that of JCY (RM844.3 million) and Dufu (RM1.25 billion).

The Western Digital factor
In early April, it was reported that American computer drive manufacturer and data storage giant WD was seeing higher-than-expected demand across its entire flash and hard drive portfolio.
In response to the supply chain challenges in the electronics industry, WD had reportedly issued formal letters notifying its customers of product price increases. The adjustments took immediate effect in some cases.
Due to the growing demand for high-capacity HDD products driven by the artificial intelligence (AI) hype, WD’s rival Seagate Technology joined the price hike party a few weeks later.
Notion VTec has direct accounts with WD and Toshiba, as well as indirect accounts with Seagate through its unit in Thailand.
Thoo says Notion VTec’s main supply is in high-volume manufacturing of HDD spacers and disk clamps for the enterprise segment, which supports cloud and data centre storage.
“We have seen strong demand in recent months and this will continue in the next five years or more, driven by new demand in the generative AI data needed for machine learning text, videos and imaging tech for ChatGPT, full self-driving (FSD) AI led by Tesla and humanoid AI robots in the coming years,” he elaborates.
In any event, Thoo anticipates exciting times ahead for Notion VTec’s HDD segment, which is expected to contribute about 30% to group revenue.
“There are reports suggesting that the HDD demand is trending upwards due to this new AI growth trend. I believe this supply shortage is a result of the recovery of cloud and new data centres,” he observes.
For the automotive segment, Notion VTec produces the electronic braking system’s (EBS) aluminium hydraulic plunger for major manufacturers, including for electric vehicle (EV) customers.
“This sector will continue to grow with our new customer in South Korea supplying volume production of solenoid valves for the auto sector starting 2HFY2024,” says Thoo, adding that the automotive division is expected to contribute 35% to the group’s top line.
In the EMS accessories business, although Notion VTec already has a major client in the segment, the group has taken on board a few new customers.
“These new EMS clients are also in the high-end electrical appliances sector and other niche industries. We expect a 35% contribution to our group revenue,” he says.

However, Notion VTec would need to finalise some of its joint venture plans as realising the targets solely through organic growth would be challenging.
“Let me put it this way: our existing businesses [HDD, automotive and EMS] are not likely to drive us to achieving RM1 billion in turnover. Our next growth catalyst could be the aluminium extrusion business. If the new ventures do come about, they will have a major impact on our revenue from FY2025,” says Thoo.
Nearly two decades ago, in February 2005, he was appointed to Notion VTec’s board of directors. He is the brother-in-law of managing director William Choo Wing Hong and executive directors John Choo Wing Onn and Choo Wing Yew. As at Dec 29 last year, the Choo brothers and Thoo collectively owned 20.338% equity interest in the company.
Notion VTec’s earnings performance has been rather lumpy since the Covid-19 pandemic. After reporting a net profit of RM6.3 million in FY2020, the group slipped into the red with a net loss of RM7.8 million in FY2021.
Although Notion VTec returned to the black in FY2022, with a net profit of RM9.4 million, it incurred a net loss of RM45.02 million in the following financial year, attributing it mainly to impairment of plant and machinery amounting to RM30.69 million and inventory write-off of RM8.5 million.
Thoo concedes that it was a “painful decision” for Notion VTec to fully impair its PPE assets and investments as the group “cannot wait for a recovery” of the PPE industry. Like other PPE players, it suffered a decline in average selling prices amid an oversupply in the market.
“We have cut our losses and completed the impairment and exited the healthcare business. A hard lesson learnt,” he acknowledges. Notion VTec was among the first to jump on the PPE manufacturing bandwagon in 2020 in response to the shortage of such equipment following the Covid-19 outbreak.
“Many things have happened over the past five years. Certainly, the pandemic took us all by surprise and the time needed to restore [normalcy] was long. That’s when Notion VTec entered healthcare out of little choice,” says Thoo.
“Our main markets were disrupted by shipping, lockdowns, disruption of supply chain, downtime and other factors. It was a very unproductive period. It was scary in the beginning but we managed to gradually restore and recover. It’s a great time to learn and reflect too.”

Well-diversified Notion VTec seeks next earnings boost
This article first appeared in The Edge Malaysia Weekly on May 27, 2024 - June 2, 2024
PRECISION parts manufacturer Notion VTec Bhd (KL:NOTION), which has been under the radar of investors in recent years, appears to be solidly back in favour with its stock price surging 225% since the beginning of the year.
Its peers in the manufacturing of hard disk drive (HDD) components — JCY International Bhd (KL:JCY) and Dufu Technology Corp Bhd (KL:DUFU) — have also enjoyed investor interest, even though the counters have gained only 81% and 25% respectively.
The stronger share price performance of the three stocks is believed to be partly driven by news reports in April of Western Digital Corp (WD) and Seagate Technology raising their pricing for new HDD orders owing to supply shortages.
Main Market-listed Notion VTec currently operates in several business segments, including HDD, automotive and electronic manufacturing services (EMS).
In an interview with The Edge, Notion VTec executive chairman Thoo Chow Fah reveals that the group is in advanced negotiations with potential Chinese partners over aluminium extrusion and machining ventures, driven by the latter’s need to relocate their operations out of China because of US-China trade tensions and US tariff hikes on specific Chinese imports.
According to Thoo, in a blue-sky scenario, the aluminium extrusion projects are expected to generate an additional RM500 million in annual revenue, thereby creating a fourth major pillar in Notion VTec’s business portfolio.
“We are in the advanced stage of discussing ventures with two potential Chinese partners in aluminium extrusion and machining as these partners are planning to move their operations out of China. We are quite close to deciding which partner we want to team up with,” says the 71-year-old mechanical engineer.
Notion VTec generated revenue of RM334 million in the financial year ended Sept 30, 2022 (FY2022) and RM345 million in FY2023, with 23% coming from the HDD business, 31% from the automotive segment, 44% from EMS and camera and 2% from personal protective equipment (PPE). For 1HFY2024 ended March 31, 2024, turnover amounted to RM205.388 million (see chart).
Thoo says that, internally, Notion VTec aims to achieve a top line of RM500 million in FY2025 and double the target by FY2026.
“Overall, we are positive on the company’s outlook over the next five years in terms of top and bottom line. It is our board’s vision and hope to hit the RM1 billion revenue mark and we believe it should happen by FY2026 or beyond,” he elaborates.

I always look highly on pang72 on positive thinking.

Today is a good day for JCY but not a good day for Notion.

Summary of the article:
Will HDD regain its glory? Will JCY International be able to achieve success?

With the changes in technology, the rise of SSD (Solid State Drive), has begun to erode the market of HDD (Hard Disk Drive). JCY which sticks to HDD business has suffered loss for many years and its stock price has hit new lows.

Global data storage demand continues to search, giving the hard disk drive (HDD) market which has been demoralized for years, might have a turn around.
With the rapid rise of artificial intelligence (AI), HDD is becoming one of the key pillars of future data storage for data centres and demand has begun to exceed supply.

SSD is faster and more stable than HHD but HDD is eight time cheaper than SSD. SSD will be used for data application (such as AI learning models) while HDD will be used for data storage (such as database). Data centres are expected to be dominated by HDDs where its technology continues to improve constantly breaking through capacity limits (HDD can store more data than SSD).

Read carefully first. SSD which is faster and more stable are going to replace HDD. This is why JCY continues to have quarterly loss and make new lows these few years. Can JCY turn around, such that HDD is cheaper and can store up more data?

@FortuneBlooming: the ESOS at 0.25 in such a big volume looks worrying.

Mah Sing also produce plastic pallets in Malaysia and Indonesia.
www.msplastics.com.my

@jepun: Mah Sing glove factory in Kapar, Klang, Selangor is still operating.
www.mshealthcare.com