http://www.bursamalaysia.com/market/listed-companies/company-announcements/1877617

Q1 result just out. excellent start to the year with 51m profit. Almost 100% increase in profit from last quarter. Increase in dividend to 1.25 sen. .80+ coming next week!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1877637

Cock can talk meh? I never seen before.

http://www.scrapregister.com/news/6316/chinese-spot-aluminium-prices-may-drop-in-q1-2015

CHINA January 12 2015 1:35 PM

SHANGHAI (SMM): Spot aluminium in China could crash through 12,000 yuan ($1,957) per ton in Q1 2015, pressured by worsening supply glut and potential fall in alumina prices, Shanghai Metals Market foresees.

China’s monthly aluminum output is expected to continue rising in Q1. Aluminum consumption, however, might weaken further as processors begin to close heading into the Chinese New Year. Both factors will cause aluminum stocks to mount.

SMM spot aluminum price slumped to 12,730 yuan per ton January 8. This has left 42% or 12.71 million tons of China’s aluminum capacities in losses in cash costs.

Lohman do not discount the possibility so easily. This counter went from .40 to 1.62 in the space of 6 months during flood in 2012 so anything is possible. Did anyone expect it to drop to .47 recently? No. Even you and your md friend got caught with your pants down in the recent sell down. It may drop back to .47 again or it may well go beyond ipo price. Let time be the judge.

DOW down almost 200 point on Friday. Impossible to move up today.

pine, what is the reason for the coming price push? is it something to do with WD?

JCY current PE ratio = x 8
Western Digital current PE ratio = x 17
Seagate current PE ratio = x 15

Just now they just wack it down from .515 to .505 in the last few mins before closing. They seem to be using some software to automatically do it each day at the same time.

Sage, you are right. I noticed this for the last 2 months. that why it has not recovered much since being oversold
from the Oct Dow dip and recent oil price drop (its dropped more then even some of the Oil/Gas counters, yet it is a beneficiary of low oil prices). The only time this counter ever reach this low price was back in 2010 when it reported heavy losses for many quarters. No doubt many have sold out of fear and frustration. A long period of capitulation is always followed by a strong reversal. I have
seen it many times over.

Why anyone would sell down this counter in this crisis really baffle me, but anyway keep selling so I can accumulate. This is one of a few counters that will actually benefit from the current oil crisis. Aluminum prices falling (the main material used by JCY), ringgit down due to oil, and US dollar up (favorable Forex). Now management just need to lock in/hoard the low aluminum prices in for the next 12 months before oil rises again. Another flood in the making.

No wonder starting to get funds attention last week.

Hedge funds will be coming in soon. Watch carefully.

Yes a percentage of it depending the number of CW they issue. They need it for hedging and control price near expiry of cw. This why I recommend everyone stay far away from any cw not just jcy cw. With cw, the bank already beat you the moment you buy the cw.

The CW will be issue soon without saying because they must always profit on both mother and son. contact telling me they still working on the exercise price because like us, they do not know how good the earnings will be from next quarter, will be double? triple? same as flood when JCY can earn 160m in one quarter? nobody know yet, all we know is it will be good. So they have to be careful with exercise price, set too low and they will lose alot of money like the JCY-CD and set to high nobody will buy the warrant. But warrant should not stop the mother from going higher because you look back at JCY, even when it rally from .40 to 1.60 during flood , there were many warrant on it. In fact, the issuer must make sure price go higher to create interest otherwise who want to buy their warrant. But different story when you get closer to the expiry date of CW lah for obvious reason. But they also protect them self by only issue 2 for 1 ratio CW only. Many people just blindly buy CW but actually do not know how to calculate and lose alot of money, they make the most money from these people. Example they issue CW at exercise price RM1 with 2 for 1 ratio and listed at .15. Based on current mother price .73, the mother have to go up by another .27 just for you to break even only. You also look at all the warrants issue in the market and when they expire, 99% of the time they expire worthless because the issuer make sure of this outcome. This is why I never interested in warrants. Better to buy the mother low and ride the uptrend then buy CW which is worthless when you buy and also worthless when it expires.

yhtay2k / the timeframe for uptrend to resume will depend on
when RHB have finish collecting. They cannot block the price too low for too long either because
other big funds/Investment bank will come in to the picture sooner or later. Once RHB finish collecting they will definately let price back up over .77 to let it resume uptrend otherwise they cannot profit.There is no point for RHB to do the exercise if they do not profit.

tasoke / I started collecting more last week at .745.I will be diverting 30% of my portfolio to this counter next week. If price go down more, i will divert more. I think many the comments here is correct about the price should easily RM1+ but they did not expect the RHB blocking. I think
if RHB did not blocking, the price closed at .90+ last thursday already. I also agree JCY profit will grow alot from next quarter.

Profit taking only small reason why price not moving up much since good Q1 result announced. My contact in the equity dept in RHB/OSK tell me they have been blocking the price from going up to collect and when they finish collecting then they will stop blocking and let price resume uptrend to profit.

This why RHB release report yesterday to market they ceasing fundamental coverage on JCY because the real fundamental of JCY is too good it will contradict their technical report release today which they using to block and press price (under "heard lines" and "News and Reports" on this page to see the RHB reports). In technical report RHB ask market to liquidate if price stay below .75. That why they have been selling price down under .75 so market can liquidate and they collecting back at lower price. This why RHB pressing price down to close at .745 yesterday in preparation for technical report release today.

The price will eventually resume the uptrend but only when RHB/OSK have collected enough. RHB have to profit first before market can profit. my contact tell me alot of the counters cover by RHB/OSK in their fundamental and technical reports is also control in the same way to make sure they always profit first.