The sell down presented good opportunities to buy more around 50 sen. MD Tan and myself expect to make very good money on JCY this year. Hope you make money too.
There has been a clear pick up in the demand in enterprise class HDDs. This momentum is likely to sustain into 2015. The demand for PCs is stablising with an increasing demand for low cost notebooks particularly in emerging markets. The ongoing consolidation of the HDD industry is expected to have a positive impact on the demand for JCY products. JCY will continue to leverage its competitive strengths of its economies of scale, multi-products, and increasing levels of automation in its manufacturing processes to lower its costs of production in order to achieve higher profitability.
If JCY can report above RM40 mil profit 1QFY15 ( earnings 2 sen per share) and declare interim dividend 1.25 sen, breaking 70 sen is no sweat by end Feb 2015. I hope for increasing profits next 4 Qs and a share price much above 80 sen this year. This is the hurdle in a bearish market but I am optimistic JCY will be re-rated. I like the improved trading volumes these few days.
Last Friday JCY correction was normal and expected since it has been going up for 7 days. Now after correction, there will be a 2nd wave prior to positive announcement of quarterly report
You can't make serious money fussing about daily price fluctuations or trading small. Pick your stock carefully, have faith in your selection and invest for the longer term. Undervalued JCY is attracting attention from strong buyers. Look at the recent spike in trading volumes.
Seriously, faye, JCY exceeding historical IPO price RM1.60 will be one really tall order. That will give JCY market value RM3.24 billion, historical p/e 27x (2014 earnings) and 3x book value. Far too rich. Even Western Digital/Seagate don't command such lofty p/e valuations. I am, however, buoyed by your obvious optimism about JCY's vastly improving prospects.
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.
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....
Johnnys
759 posts
Posted by Johnnys > 2015-01-08 17:45 | Report Abuse
RM 1 is no a dream, but need good result to push.
already have good div payout.
good P/E
good USD
Now only need result......