Going by past precedent, either 21st or 22nd August.

Those whom Bursa wish to destroy, it first makes greedy with unsustainable gains from penny stocks.

Why should KYY post here anymore? I would'nt if I were he. It is a thankless task. You try to teach others to be better investors with the best of intentions but there are just too many wild juveniles, the challenged and intellectually handicapped, near basket cases, fringe elements, mild psychotics and the like expecting you to serve free meals unfailingly, rain or shine, with no effort on their part to contribute or to understand the free lessons given. Hey, KYY is no magician; he is a 80 plus year old fallible human who has feelings too.

Invest in penny stocks? Is'nt that a contradiction in terms? Which penny stocks are investment material? If you say punt in penny stocks, I'll be inclined to agree.

Let me answer the question. I will buy now on personal account when it is still cheap.

Wait till JCY announces a good set of June14 Q results, gives 1.75% interim dividend and provides optimistic guidance for next Q as well. What will you do if you are a fund manager?

Aiya, now have to buy at 73 sen. Why so fast one?

Confirmed from inside source that JCY factory operations in Malaysia, Thailand, China are running at high capacity. While that does not necessarily translate into bumper profits, it surely means they have strong orders to fill and next few Q results are likely to be good. Now have to source more billions (of Rupiah) to invest.

@matakuda; tks, that strategy is open to all investors, including yourself. Buying at 70.5 sen average, I am less than 9% off MD Tan's historical cost; 10% off if buying today but with much reduced uncertainty. If I can confirm JCY is running at near full capacity, I'll sink in billions. Sorry, that's Rupiah billions.

Poor ED Wong, one can feel for him but he had opportunity to liquidate in 2010 and 2012 around RM1.60 but chose not to for his own reasons. As for me, I'll be looking at MD Tan for guidance as to when to sell. Watch out for those public announcements on director's share transactions!

As we edge towards Q3 2014 results announcement, I like JCY more and more; this, despite not so positive technical charts which says sideways trading with a downward bias. Today, volume has picked up together with an uptick in price, and if continued the next week or two, I will become bullish, not hesitant. The charts do not lie, just that they can be interpreted wrongly if insufficient data is collected. At 71.5 - 72.0 sen, I'm in positive territory and a lot better off than ED Wong's imputed position.

ED Wong's JCY share holding as extracted from Bursa records

3.5 mil @ 1.60 ( assume correct)
0.5 mil @ 0.628
0.5 mil @ 0.65
-------------------
4.5 mil @ 1.386
+
1.5 mil @ 0.61 (esos options)
--------------------
6.0 mil @ 1.192

Current price 0.715
if add 0.90 ( as suggested)
-------
1.615

Notional profit 6.0 x (1.615 - 1.192 ) = RM 2.538 mil

Assignment : What is MD Tan's profit on his 5.5 mil JCY shares should the price reach RM1.615?

@matakuda, if JCY is operating at full capacity, I won't have any qualms sinking in RM millions too. How does one confirm it is so? Can't possibly ask MD Tan or ED Wong directly.

Singaporean ED Wong has 4.5 million JCY shares. Guess he, too, has a chance to make millions.

@sage; we can agree to disagree but not to argue unnecessarily. We are here to openly exchange views, not disparage each other. I did not mean to attack you personally and I should not have dissed your misspelling of Confucius. We all have certain habitual quirks which should be overlooked. However, the repeated reference to the ancient great Chinese sage irked me as being excessively irreverent and I responded in haste that Saturday morning. Must have got up on the wrong side of the bed.

Having said that, I still believe JCY will spring a positive earnings surprise next Q or two. If so, I'm going to share a bottle of fine single malt whisky and smoke expensive cigars with MD Tan Shih Leng.

Do you think MD Tan Shih Leng, or a confused layman who misspells Confucius, has a better grasp of JCY's future performance? Follow the smart money with Tan & his fellow directors; they have individually invested RM millions in JCY over 2013/14.

I have bought a significant quantity around 70-71 sen.This is a very liquid stock. Just need some heavy fund money to move up the price in high volume with decent June 14 fiscal Q results to be announced later this August month. Confucius is not a reliable predictor of earnings or stock prices, he is too far into philosophical pursuits to bother about materialistic things. MD Tan Shih Leng's actions are a better indicator of JCY's performance.

Fund managers have a herd mentality; give them a valid reason and they will fall over each other to buy. JCY has notably weak investor relationship, management does not give sufficient guidance Q to Q to provide earnings visibility. No one knows what's coming Q to Q. So you look at the insiders actions for guidance. MD Tan Shih Leng bought 5.5 million shares over 2013/14 at average 65 sen and is still holding. Other directors also bought millions and still hold. Does that tell you anything?

Both digital storage leaders Western Digital and Seagate reported good results this June Q with their share prices near 12 month highs. As one of their mechanical HDD components supplier, can JCY lag that far behind? Still cheap at 70-71 sen, JCY may spring a pleasant surprise this fiscal Q June 2014. Then, funds may chase the share and clean up the weak retail traders.

samT, hahaha; I warranty BC will not break your heart for he is not into romantic hype. He is a self centred calculating machine, more likely to break your faith in human nature. Stay the course though and you can beat him at his game, for age and health are not on his side.

@samT, an incisive analysis. You hit the nail on the head, neither side trusts the other; that's how the numbers were worked out. With the proposal, BC has bought time from creditors; and can still look for a better deal elsewhere. On the other hand, TPY is only putting RM8.25 mil at risk currently for a chance to make tenfold that. There's still room for manoeuvers from either side in the interim.

@stkoay, Tks for the lead but I am actually in the process of liquidating the larger portion of my portfolio. Only holding some key stocks and taking small new trading positions for fun. Absolute YTD June return on portfolio is 23% after a 25% return in 2013. That is why I leave the last 10% of this year's market for others to make money.

stkoay, TQ. I am writing because of idle time on my hands currently and also because of old nearly forgotten ties to MPCorp and Bill Ch'ng. Bought some shares to be emotionally involved as well. Not sure whether to invest more though. Does'nt fit my investment stock profile at all.

A conspiracy theory! Certainly out of the box thinking. Which parties cleverly planned the insider trading event? TPY has motive to be involved, he stands to gain the most. However, minor insider trading is'nt that big a deal; even if convicted, one can get off with a fine, certain corporate sanctions and for an aging not-so-healthy man, probably no jail term on compassionate grounds. If you know Bill Ch'ng, you will appreciate he is not easily railroaded.

calvintaneng, whose 'earth abides forever', you speak like a true blue property man! Your enthusiasm is most commendable. However, we are investing in MPCorp shares, not its Nusa Damai lands, and there can exist prolonged negative divergence in value between the shares and the land, if the company is continually badly managed. We can't ignore the BC and TPY connection much as we would like to.

@cytew, are you referring to my above comments? Would you like to add something more pithy than an ambiguous one liner? You seem to be a fan of TPY, perhaps you have better insight as to what he intends to do. Do share with us.

calvintaneng; I have no wish to dampen your enthusiasm but you may want to re-interpret the deal and ask yourself the following open ended questions and brush up on your technical knowledge:

1. Why transact only 15 mil shares which is just 5.2% but a significant minority stake? Why not sell double that in direct deal to TPY but still keep majority 51%?

2. Why price at 55 sen for 15 mil shares, value RM8.25 mil?

(Of course, it is willing buyer, willing seller; mutually acceptable terms. Each party has its own reasons for settling at these numbers. However, many astute businessmen would not want to be in a minority position in a financially troubled company, especially with a dodgy partner. TPY, however, is a publicity hound who wants to make a name as a whizkid corporate player but his resources are spread too thin)

3. Private placement can only be done at minimum par value, which is RM1.00, far above the then market price of 48.5 sen; therefore totally not feasible. In addition, in a private placement, proceeds of new share placement go to the company. In a share sale, proceeds of existing issued shares go to the selling shareholder.

(Nb: MPCorp is still trading around 46 sen this morning albeit with lower volumes. The market is not impressed with TPY. What will he do in the next few months? Buy more from the market to average down his 55 sen cost?)

calvintaneng, investing RM100mil in Bursa stocks requires a very different approach and stock picking strategy to investing only RM300k. In any event, there is no shame in having only RM300k to invest, everyone has to start somewhere.

samT, Bill Ch'ng's past track record indicates he will not give up control behind the scenes. He is a most difficult person. I'm not sure if anyone can partner/jv with him at all. That is why I only have a small exposure.

@samT, I'm wary of Bill Ch'ng because of his quarrelsome and stubborn disposition. Yes, I know of him from way back. You are right to sit back and watch coming developments. I bought some MPCorp at 47 sen today just to dip my toes. Like their land bank but not the existing management. They don't create fair value for all shareholders, always looking out for #1.

@samT, You must also take into account buyers who may want to add to their existing holdings, like calvintaneng, and fresh buyers. Not all will be sellers unless none have faith in MPCorp. By the way, you are one steady investor with sound analytical mind. Good work.

@calvintaneng, If you have faith in MPCorp and its current management, you should be buying heavily today ( vol over 3.5 mil now) at price 46 sen when there are many motivated sellers, not wait for 'tong sampah' prices when sellers could dry up. You may miss the boat trying to save pennies. After all, what's the difference of a few sen for a possibly jackpot counter? Care to elaborate? Thanks.

Market says thumbs down to the multiple fundraising proposals this morning. Bill Ch'ng and TPY as a dynamic team looking out for all shareholders interest stretches investors credibility somewhat. Question is, can you trust them with more of your hard earned money? Can they deliver results within a reasonable time frame?

How can JCY shares trap anyone? There is adequate liquidity to sell a million shares nearly every single day. If current price is not up to expectations and you have lost faith, sell, take a loss and move on to something else. Unfortunately, we investors have to dance to the tune of the stock performance and not the other way round. Stocks often don't perform in the short time frame we want but this does not mean it is lousy.

Let me use fishing as an analogy on share investments. KYY wants to teach you to fish so you can be self sufficient. He even identifies some edible species and suggests you use a rod, hook, line and sinker at the nearby river. However, people learn at different rates, have different skill sets, risk perceptions and so on. Some people, instead of hooking a fish, hook themselves due to inexperience or clumsiness! Some too excited ones fall into the river. Some fish in dangerous spots where there are crocodiles. But they may blame KYY for their mishaps instead of taking responsibility for themselves. No one can teach you how and when to execute correctly on the internet even in a simple sport like fishing. You learn through repeated real life experience.

There is nothing wrong with differing views. Different folks, different strokes. I don't agree with all KYY's views on stocks, or politics, for that matter, notwithstanding his investing experience or his grey hairs. We can all agree to disagree amicably. But to malign him unnecessarily is beyond bad manners. Though from a less confrontational generation, he has put up with it for a while, much more than I would. The cloak of anonymity on the internet seems to bring out the worst in some people. If it was a face to face meeting, I am sure many would refrain from displaying such ill manners.

As an investor, I only recognize consistently good performance on a decent sized personal fund (RM millions) over the long term, no less than 10 years, preferably much longer. Someone who beats the averages handsomely, notwithstanding the occasional hiccup. Someone who has gone through one or more full economic cycles, from boom to bust, and prospered through it all. If anyone here has a better track record than KYY, do say so and give us the benefit of your invaluable experience; or else zip it and defer to others who have. KKY does not deserve the brickbats some of you give him and if he does not post articles anymore, we are the ones who have have lost a selfless friend. This is not the first time either it has happened either.

Quote taken from an S&M practitioner's guide : "One man's pain threshold may be another man's pleasure zone".

PC demand may have remained benign 2Q2014 but this does not seem to have rubbed off on HDD component manufacturer's JCY's share price which is still stuck around 71 sen. A large part of the problem is earnings visibility which is the main excuse given for JCY not being covered by research houses other than CIMB since its 2012/2013 earnings debacle. No one can guess what is coming Q to Q . Where can you find a company that can scale the heights of profitability one year and plunge into losses the next? That would scare off most serious investors. I can only fault Management for not courting, and not giving sufficient guidance, to research analysts on its coming performance each quarter.

Yes, PR can win more parliamentary seats in GE 14 but may not form the next government. Do you think BN will step aside in a gentlemanly manner? I think not. In addition, can the PR coalition survive its own internal divisions even if it forms the next government? There are so many obstacles to a happy and peaceful Malaysia. What troubles me is that there are no farsighted leaders in the country who can unite a troubled nation ridden by numerous, so far insurmountable, differences. We are all in for a rough ride. Hang tough if you are going to stay.

Assuming the figures are correct, this is but a snapshot of KYY's portfolio changes over a 7 week time span. Too short to make any meaningful conclusions.

Mr Koon, no matter what you mean you say, some will misunderstand and some will get the execution wrong. And blame you, which is most unfair. I just don't like to see you maligned unnecessarily for good men are few and far between. Especially one who sticks to his principles. Have a good day.

Mr Koon, you can make RM millions on moderate price fluctuations of 10% or so on highlighted stocks because of your relatively high transaction volumes. Not so the rest of us who don't have the means to commit tens or a hundred million RM on a single counter, no matter how promising. To some extent, your trades do influence the stock price and some who have been negatively impacted may be justified to doubt your sincerity. I know you mean well but is it possible to tone down the shouting about how much you bought at the cheap sale and how much you will make in future? The information sharing is very much appreciated but not so much what seems like bragging. Excuse my forthrightness and thank you for your understanding.

Shout and scream all you want but there is little hope of changing the present corrupt culture without changing the BN government and that alone is a monumental challenge fraught with uncertainties. The rot goes too deep after four decades of continuous decay. Even with a PR government, there is no guarantee of better governance, only the chance that things can get better. There's going to be a lot of pain coming our way, change or no change. That's how bad things have become. Too pessimistic? The many who salt away funds in overseas accounts don't think so.

I have 3 children, 2 working in Sydney and Singapore with 1 still studying in HK. All are well educated at my expense from hard earned funds, as was my own education. None, however, will stay back in Malaysia to 'rot', as the youngest succinctly put it. She is very outspoken. I don't have a successful business or professional practice for them to come back to, like some of their more fortunate friends. Although they can be comfortable here, they choose to struggle to make good where they have settled. They have seen enough here to reject a lopsided system that can only result in eventual failure. As a parent, I am pleased to see that Mr Koon has some hope left for change. Frankly, I have none, at least during my lifetime. I see the children perhaps once a year and it is a rare occasion that the whole family can gather together. This is the price we pay as parents when our children leave our shores. This price we pay is not included in our GDP.

Zaid Ibrahim speaks as an observant ex-Umno insider with no vested interest and no axe to grind. Unfortunately, he has no more political traction, a position he put himself into with his political naivete. Very rich man Daim was the godfather of Umno cronies when Finance Minister at a time of frenetic state privatization, what more is there to be said about him? As for Utusan/Perkasa, they play an eternal blame game centered on race. You can feel present day Malaysia is mired in trouble with deep divisions in its social fabric and no solution in sight.

This is mere bragging by Landmarks once again. Their balance sheet shows they need much more funds to develop Treasure Bay at Bintan Island. Their present directors are not top level people from Genting. As a not-in-favor step child, they don't interest Genting unless there is clear possibility of a casino license. Competitor Gallant Ventures listed on SGX controlled by a powerful Indonesian business family is at least pressing ahead to raise more funds to further develop neighboring Lagoi Bay.

JCY is classified under Precision Engr industry while Unisem/MPI/Inari/Globetronics are under Semicon on Bursa. The semicon company shares have moved far ahead in 2014 in line with global trends but this does not mean JCY as a mechanical HDD component manufacturer will not have its day in the sun. Granted, the HDD industry is undergoing consolidation and component prices were pressured by SSD competition but better days are here after a disastrous 2013. I take comfort that certain JCY directors bought, and are still holding, millions of JCY shares over 2013/2014.

Malaysian politicians have little sense of humour, least that of the self deprecating kind. What many have is an exaggerated sense of self importance. Add in misplaced pride and deep seated insecurities and you have a totally potent mixture in these types. When their moral authority is questioned, as in the Teresa Kok satire, you can have a potential conflagration in the making.

This is still one of the cheapest HDD manufacturers. IPO in 2010 was RM1.52 retail but price got bashed down because it did not achieve profit forecasts. Profitability year to year can be highly volatile. You need to catch it on the business upswing. I believe this is the time now to buy @ 71/72 sen and hold for improving results next 6 months. Balance sheet is healthy with low gearing. It pays quarterly dividends out of profits. Controlling shareholder still has 70% stake but 2 plus billion share capital base means there is adequate liquidity.

To be fair to KYY, all his pertinent comments on JTiasa should be reproduced in full and not just one small portion, which in isolation, can be misleading to new readers. Judge the man fairly, on his merits, over time. Whether his judgement calls on this or that stock are right or wrong should not be the measure of the man. What is critical is his heart, which is in the right place. He is a man of strong beliefs. You may not agree with his politics, or his call on JTiasa and other stocks, but do not malign him. He shares his views only and that at his own expense. Remember that character assassination is often the hall mark of an anonymous coward.