RHB-OSK, 21Jul15: JCY International may trend higher after breaching the downtrend line and MYR0.73 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price ofMYR0.815, followed by MYR0.875. The stock may drift lower if it cannot sustain above the MYR0.73 mark. In this case, further support is anticipated at MYR0.685, where traders can exit upon abreach.
Q1 and Q2 was not 1.5 sen div. spruikers like to tell tall tales. Price will come down sharply soon when no one except Rhb buying their own shares to sustain price. Easy come easy go. Smart ones will use this opportunity to take profit before that happens.
Beza : It gave 1.25 cents but not 1.5 cents in Q1 and Q2.
JCY made eps 4.99cents in the 1st half. If it sustains the same eps for the 2nd half which I think it will make it easily seeing the weakening RM, then the whole year eps would be 4.99x2=10 cents. With the same DPO at 55% as last year, total div for this year would be 5.5 cents, i.e. 55/770=7.1% yield. Cheers !!!
Thanks bsngpg for your sharp reply. Correction: 1.25 cents div per quarter (projected for another 2 Q also is reasonable) means 5 cents div per annum. So the target price is RM1.00 for 5% div too and RM1.25 for 4% div etc.. far better than bank offer.
Highlighting these 2 very important points: The demand for cloud infrastructure and enterprise applications will continue to make up for the reduction in PC shipments. The recent appreciation of the US Dollar relative to Ringgit Malaysia will continue to benefit JCY’s results as all JCY’s sales are denominated in U.S. Dollars.
The same story seem to play over and over again every year and price end up dropping back to .60 or .50. The company pay whatever div in the last few q does not mean it will pay the same or more in the next few q. Also to buy at a high price now and risk capital losses of 30% or more to make 5% or so on div is absurd. WD and Seagate profit waning and share price falls in the last few months tell the whole story already.
Price: To put it bluntly, SSDs are more expensive than HDDs in terms of dollar per GB. For the same capacity and form factor 1TB internal 2.5-inch drive, you'll pay about $60 to $75 for an HDD, but as of this writing, an SSD doubles that to $130 to $150. That translates into 7 cents per gigabyte for the HDD and 14 cents per gigabyte for the SSD. Since HDDs are older, more established technologies, they will remain less expensive for the near future. Those extra hundreds may push your system price over budget.
You conveniently forgot to mention WD price dropped from $115 to now $78 within the space of 6 months. A nearly 40% capital loss. You also forgot to mention Seagate in the same boat with a current PE of 8.3 and capital loss of nearly 40% on the share price in the last 6 months.
The stories on Jcy have been told to death. Even the company claim on automation to reduce costs has been spun since listing. Every year countless newbies like you repeat the same cycle. you think the institutions so nice issue reports to help you make money? The report is for them to profit by distributing to people like you at high price. Guess what happens when their profit is made...unwind, unload = price fall like rock.
Overall: HDDs win on price, capacity, and availability. SSDs work best if speed, ruggedness, form factor, noise, or fragmentation (technically part of speed) are important factors to you. If it weren't for the price and capacity issues, SSDs would be the winner hands down.
Please don't challenge each others . Different people with different opinions . Time will prove it and time will also heal the wound . Make everyone of us happy in this forum .
Patience on this counter has cost many vast amounts on money over the years. This is not the kind of counter you buy and hold. Son, the truth of the matter is this company manufactures mechanical components for a dying sunset industry. The mechanical age is coming to an end and being replaced by the digital electronic age. Ie ssd. Companies you buy and hold are the ones with growth and innovation potential with long term growth strategy. This one has nither and if not for forex gain will be in deep shet already. So yes maybe it will make less or the same for coming quarter but a closer look at the amount of forex gain will tell you it is actually in deep shet as well. Eventually the sales will keep going until even the forex gain can no longer sustain earning.
Then new stories will emerge from the company and market to stimulate the share price in the short term until price falls again and cycle repeats again. There can be no long term share price gain without innovation and long term growth plan. The company was listed 5 years ago at 1.60 and over 5 years the price limping between .50 and .75. 5 years is more than an accurate indication of where this company is heading.
Ma rumour has been around since listing. Nothing new. Let's see... UOB issue report with target price rm1+ followed by Rhb report target price .815 and then suddenly a few days later in sinchew rumour appear of MA story again. What a perfect share distribution strategy.
Gagal pada masa lalu tidak bermakna Jcy International akan gagal lagi pada masa depan . Sentiasa ingat , matahari bukan sentiasanya ditutupi oleh awan hitam . Satu hari nanti ia akan cerah balik . JCY boleh .
@kitykat Cynical comment. LOL! But, as with many comments here, there is some truth based on previous record. These IB analysts - I'd read their analysis but would never bet the house on these actually materialising. Nothing against JCY - it was one of my favourite counters, and I believe it's getting in the spotlight again. You need the contra players to be more involved to help sustain the momentum. The past few weeks have been promising although it is now correcting. If it remains above the moving averages, there's a very good chance to make a few ringgit from JCY.
Intel, Micron debut 3D XPoint storage technology that's 1,000 times faster than current SSDs
29 July 2015, 4:48 am AEST
Intel and Micron today unveiled their all-new memory technology called 3D XPoint (pronounced "cross-point"). This is a new class of memory that can be used both as system memory as well as nonvolatile storage. In other words, 3D XPoint can be used to replace both a computer's RAM and its solid-state drive (SSD).
The companies claim that 3D XPoint is a major breakthrough in memory process technology, the first new memory category since the introduction of NAND flash in 1989. It's said to be extremely fast and durable, up to a thousand times faster (both in read and write speeds), and it will have higher endurance than existing NAND Flash memory currently being used in SSDs. What's more, it also has as much as 10 times greater density, leading to much more storage capacity in the same physical space, while remaining as energy efficient and affordable as existing NAND flash memory.
UOB analyst? 2 UOB report come out within weeks of each other and latest one expecting weakness coming Q result but with same TP. I think like UOB you already know the result already. It will be at best not much improvement from last q. Then after result is announced, our UOB friend can issue another report to say the result not as bad as we expect and therefore it above our expectation...TP RM6!. Fantastic excitement come and buy your jcy from us at high price which we collected at lower price. Then watch the price fall like a rock again. good setup to burn the small frys. But some need to be burned to learn.
Lower expectation first to make bad/average result look better when result released. also directors announced to bursa they intend to trade the share during closed period. If Ian. Not wrong closed period is one month before and one month after result announced. Clear setup to sell.
past few weeks trend shows directors keep buying low and selling high...as for the rumours maker who said that jcy is still a good fundamental company...dear small shareholders please open ur eyes and see if this is true...hahahahaha...
Don't always make decisions base on minute by minute market reports . It is not a good investment strategy . I always did the opposite when people ask to sell i will buy . As an long term investor we must have the ability to control our emotions and not worry too much about market volatility . Believe me or not it will reach my target price in just a matter of time . Maybe next month there will also be some inovation plan annoucement . Belive me or not ?
Daily Technical Highlights - JCY Author: kiasutrader | Publish date: Tue, 4 Aug 2015, 09:48 AM
· JCY (Trading Buy, TP: RM0.85). Yesterday, JCY gapped up and closed at RM0.765 (+2.5 sen or +3.38%). Chart-wise, the share price broke out from downtrend trend line resistance of RM0.735, while a bullish “Flag” pattern is taken shape. JCY is well supported by all 3 SMAs and the surged of daily trading volume. Despite Stochastics are trending into overbought territory, MACD histogram continues its bullish divergence, while RSI is hooking upwards, this is suggesting strong buying interests that could possibly rally the stock further. As such, we are placing a “Trading Buy” call on JCY with a target price of RM0.85 (based on objective measurement), while a strict stop-loss of RM0.72 should be placed (3 bids below support level of RM0.735 (S1)).
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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....
bsngpg
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Posted by bsngpg > 2015-07-21 16:42 | Report Abuse
RHB-OSK, 21Jul15: JCY International may trend higher after breaching the downtrend line and MYR0.73 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price ofMYR0.815, followed by MYR0.875. The stock may drift lower if it cannot sustain above the MYR0.73 mark. In this case, further support is anticipated at MYR0.685, where traders can exit upon abreach.