nothing will change in this short term period. The worldwide PC sales was dropping already affected the hard disk sales, some more the operating expense of JCY was higher compare with the past due to the minimum salary apply...it has a little chance to hit 0.70 in the next 10 days because of the JCY-CQ (just a little chance) and will go down again after this.The only chance JCY will fly again is the flood like 2011 happen again in the bangkok.
Erina, you need to look into their actual business... WD n Seagate dont only supply desktops/laptop type of harddisk which is declining, their enterprise and 5mm harddisk sales is doing good too and with much higher margin. The only problem is, is JCY and Notion(which i'm invested in) manufacturing the profitable type of disk, and at what costs? Also, of course, min wage policy hits both company too.
Well, good news is, at least the director is buying 300k of shares at 62.5, so it should be a good buy below this price, for safety margin, i'll buy it if its dropped 10% from 62.5 or maybe he knows something good will happen soon? nothing speaks louder than dropping 600k into shares, dont think he intend to burn himself
Lossing 50mil yr2013 ,depreciate 100 mil, stil make momey 50mil, cash in hand 175 mil less borrowing 55mil, stil cash in hand 120mil. ta boleh pi holand la this counter.
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....
Sekut Azan
309 posts
Posted by Sekut Azan > 2013-10-08 09:26 | Report Abuse
drop to 0.615..Good time to buy.