If you look at page 3 of the audited annual report, the most glaring thing is the increase in director holding. Dato Wong's holding has increased from 3.5M shares to 4.5M shares, whereas Dato Tan's holding has increased from 0.5M to a staggering 5,5M shares !!!! Do read in between the lines, dare I say more?
paperplane, there are plenty of lines, funny or not, but they are all HINTS. So go in and load and load tomorrow, for next week it may be TOO LATE !!!!
Well i can only say from experience, in stock mkt, each stock got their own characters, like human. Some stock move only when quarterly result out, good or bad. Some move due to release of some news. Some move accordingly to currency, som3 move everytime before div announced. Agree not.
Jcy is the type will quiet for sometimes, then suddenly few months back you see huge different liao. Like it drop to 0.50 past few months, now recovery to 0.70. If continue full yr good result, exp3ct it to move higher to rm1. Why i positive? As both its big customers alredi showing good results. Moved above 30%. It is just time jcy follow them. And its book is so strong without much debts, and with strong cashflows, it can go up higher.
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!
The result is over and beyond expectation!! What I said to paperplane became true. Quote " Next week will be TOO LATE" The forward guidance is also good especially the part on forex. We can expect an EXPLOSIVE start on Monday morning. Nothing short of RM1 will suffice. Happy new year to all. YAM SENG, MANY CHEERS !!!
Jcy a good buy. Caused comapred last yr, it will has at least 10% growth. With so many qe, so many low int environment, anything above 4% ppl chase to buy. So fund mgr will chase. Now jcy even lower than pe10. At least go back pe10. I will not surprise, if it can goes up pe15 even when eVery fund mgrs chasing it later if profit sustained. Why? It is just tht no much else offer ard. Anything below 0.80 next week i think still a good buy.
I echo the above positive comment lah. Law of Attraction says if you wish for something everyday, it will oneday come true. Furthermore it will be a big ang pao for everybody mah. Gong Xi Fa Chai.
Well,for shrt term lets see if can break 0.80 tomolo. Once done, 0.96, then above rm1. Well, if ppl get more positive, assuming more positive pe, it will be above that price using 12m eps estimation. Coupled with good div, fund mgrs will just buy you see.
well, anything possible these years. Mainly due to hot money flowing in, which in turn caused unrealistic return for some assets. Example, Gold, Silver 2 yrs back. Then some stocks which get great rally.....mainly because nothing else better to buy
result is good, dividend is better, prospect is great...but......the price is a dynamic one and it's determined by factors influencing the supply and demand, ECON101. Go! Go! Go!
the price cannot sustain because of the following reasons: 1) Profit taking. The price has risen from 50sen just a month ago 2) Coming long holidays, Risky to hold on position, something can happen during this time and we are totally helpless and, 3) Lots of people on holiday
The fundamentals are good and the stock should go up once the selling pressure eases. Happy new year !!!!
This is from FT.Com. Their analyst advises that effective 15 Feb 2015 JCY rating has improved to outperform the market. The forecast for the year is 58% up from a price of 73sen.
thx faye. I figured as much. the last quarter profit of 50m was based on exchange rate of 3.2MYR against the USD (between Oct and Dec). The ringitt has since weakened more (currently 3.65) and the USD continues to raise (despite the fed not even increasing interest yet). Continued ringitt weakening win for JCY, continued USD raising also win for JCY. USD will continue to raise in anticipation of fed rate raise in the next few months. When the rate raise happens the USD will surge even more due to more $ piling back to the USD. Also worth noting the USD has been at all time low since GFC and the USD is recovering from the all time lows as the economy recovers and is not a temporary currency gain. This means the continued growth in JCY profits are not due to temporary USD currency gains, but a recovery of its earnings due to the recovery of the USD. Expect profits to keep growing as the USD keeps appreciating/recovering. Share price should go past rm1+ easily in the coming months.
The US$/MYR exchange rates for Oct-Dec 2014 were trending up; 3.2702 on 1/10/14, 3.3085 on 1/11/14, 3.4325 on 1/12/14 and 3.4977 on 31/12/14. Out of its reported RM50 mil profit for 1Q2015, exchange gain contributed a whopping RM16mil. Excluding this, net profit RM34 mil is only marginally better than 1Q2014's RM30 mil. Similarly, revenue is RM487mil vs RM476 mil. Results are okay but not brilliant. I would like to see real improvement in topline revenues and bottomline profits next Q results.
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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 > 2015-02-11 14:11 | Report Abuse
0.75 resistance so hard to break..... just wait wait wait, wait result out or durian drop....