ya lorr.... u are right zakikitoro... how I wish. I could turn d clock round back, so that I could buy genetec,.. maybe dataprp could be next...don miss d boat guys....
@Sailangking, today selling is still more than buying. Seems not much of buying interest in this stock. People don't like JFTECH. Hahaha... I also wanted to give up already.
180 plus days already in a bear market for JFT since peak in Jan 2021. So how long do we think this is gonna be in this situation? 365 days? or 730 days? I mean I can wait ahahaha :P
• Technically speaking, JFTECH’s share price has been treading within a narrow range since the beginning of March 2021, plotting a sideways channel along the way.
• The stock has just seen a Golden Cross (whereby the 50-day MA has cut above the 100-day MA), signaling an upward bias in the stock price ahead.
• With the shares continuing to tread above the Golden Cross level, and on the back of the rising ADX indicator, we expect the buying interest to persist to lift the stock higher.
• Therefore, we project the share price could challenge our resistance targets of RM1.68 (R1; 18% upside potential) and RM1.82 (R2; 28% upside potential).
• Our stop loss price is pegged at RM1.20 (or 15% downside risk).
• JFTECH has positioned itself as a leading innovator and manufacturer of high-performance test contacting solutions for global integrated circuit makers.
• The group is currently in a growing phase with its manufacturing plant expansion in China ready to begin production in 4QCY21, which would cater to the rising demand from its Chinese customers.
• JFTECH reported net earnings of RM3.5m (+110% QoQ) in 3QFY21, driven mainly by stronger sales (from exports to China) and lower operating cost, taking YTD net profit to RM7.6m (+145% YoY).
Year 2022 target ..$2.50-$3.00 Reason : 1) China factory generates profit 2) main board listing 3) more new products/pattern 4) Chip shortage for another 1-2 years
TOKYO -- Japanese chipmaker Renesas Electronics on Thursday reported a 115% jump in operating profit in the January to June fiscal first half, as the company recovers from a debilitating fire at its main plant and capitalizes on strong demand for semiconductors worldwide.
Renesas's six-month operating profit came to 65.6 billion yen ($600 million), as sales increased 22% to 421.5 billion yen.
Renesas is a key chip supplier for Japanese automakers, including Toyota Motor and Honda Motor.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zakikitoro
69 posts
Posted by zakikitoro > 2021-07-13 09:33 | Report Abuse
buy now or u will miss the boat like what happened to genetec, hightec and many other tech..huat2