Everythings need time . Just wait a matter of time only . They are playing us with PSYCHOLOGY . Once you are going to give up they will push up the share price . You must also know how to overcome your emotions . Thank you sir .
PC sales dropping, HDD demand dropping confirmed by seagate, industry consolidating and getting smaller confirm by the company, company sales dropping, SSD prices free falling and about to catch up with HDD, new breakthrough technology with 1000 times more capacity then SSD have been developed which will kill HDD even faster. only reason the company can show some profit is because of forex. sound like a promising industry/company to invest in?
Director Peter Lim announced disposal of his 1 mil shares today. I'm not waiting for MD Tan Shih Leng to announce progressive sale of his 7 million as well. It's bye bye JCY, nice knowing you the past 12 months. Your price performance was a little disappointing but TQ for the good dividends.
MD Tan will also dispose all his 7m shares before result is announced. He already announced intention to trade the shares during the closed period (1 month before and 1 month after announced) on 20/07.
The following table demonstrates the sensitivity of the Group’s profit net of tax to a reasonably possible change in the USD, SGD and Baht exchange rates against the respective functional currencies of the Group entities, with all other variables held constant. Group Profit net of tax 2014 2013 RM’000 RM’000 USD/RM - strengthened 10% (2013: 3%) 50,533 7,016 - weakened 10% (2013: 3%) (50,533) (7,016) USD/Baht - strengthened 3% (2013: 3%) (6,664) (7,010) - weakened 3% (2013: 3%) 6,664 7,010 USD/RMB - strengthened 10% (2013: 10%) 4,381 2,933 - weakened 10% (2013: 10%) (4,381) (2,933) SGD/RM - strengthened 7% (2013: 7%) (932) (1,040) - weakened 7% (2013: 7%) 932 1,040 Baht/RM - strengthened 10% (2013: 10%) (4) (120) - weakened 10% (2013: 10%) 4 120
Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Group is exposed to transactional currency risk primarily through sales and purchases that are denominated in a currency other than the functional currency of the operations to which they relate. The currencies giving rise to this risk are primarily United States Dollars (USD), Singapore Dollars (SGD) and Thailand Baht (Baht). Foreign exchange exposures in transactional currencies other than functional currencies of the operating entities are closely monitored by the Group and kept to an acceptable level. Approximately 78% (2013: 78%) of the Group’s sales are denominated in foreign currencies whilst 49% (2013: 55%) of costs are denominated foreign currencies. The Group’s trade receivable and trade payable balances at the reporting date have similar exposures. The Group and the Company also hold cash and cash equivalents denominated in foreign currencies for working capital purposes. At the reporting date, such foreign currency balances (mainly in USD) amount to RM130,274,000 (2013: RM161,983,000) and RM39,000 (2013: RM39,000) for the Group and the Company respectively.
yes it is highly exposed because the forex gain is hiding the actual poor sales performance .it is a HDD component manufacturer bound by the laws of supply and demand for HDD components and like any product, the price for which it can sell these products (Average selling prices). The forex gain is one small component only but the company needs to sell its products to realise this gain. With actual worldwide HDD sales dropping, the earnings cannot be maintaned forever because the RM can not weaken forever to keep masking the poor actual sales results.
With the current price is good buy, rm continue weaken no chance to strengthen in next one yr.... Either convert our money to US$ park in the bank or buy Jcy still can get high dividend. Still a Buy call!
Affected by our KLCI not about the company fundamental. Even strong fundamental stock also keep on dropping. Buy low and sell high. Be greedy when everyone is fear. Its will follow the market trend . When market rebound its will also rebound .
kitykat "yes it is highly exposed because the forex gain is hiding the actual poor sales performance .it is a HDD component manufacturer bound by the laws of supply and demand for HDD components and like any product, the price for which it can sell these products (Average selling prices). The forex gain is one small component only but the company needs to sell its products to realise this gain. With actual worldwide HDD sales dropping, the earnings cannot be maintaned forever because the RM can not weaken forever to keep masking the poor actual sales results."
I beg to differ. Look at the revenue which has increased over the pass few quarters.
the revenue looks like it's marginally increasing because it has been masked by the forex gains. The company sells in usd and then for reporting purposes converts this back to RM. in the last 3 quarters the rm has continued to weaken against usd, this makes it look like revenue is marginally increasing but in fact the currency gain is keeping the revenue figure afloat.
kitykat you have a point there, but surely it doesn't look as bad as what you said. well lets see whether Dato Tan acquire any shares these coming two weeks.
Last warning. Sell before the result announce in 2 weeks or you will regret. Profit a lot less then last quarter and price will fall sharply after announced.
Insider contact. Also md tan shi leng is disposing soon as well. He let his fellow md Peter lim dispose all first before he unload his 7m shares. the next 3 quarters earnings will be very bad that is why all the directors disposing. Anyone still holding after result is announce be prepared to lose alot.
foreign funds will start disposing soon because of possible capital control if ringgit drop anymore. There are more then 100m shares held by foreign funds. Don't be surprised if price drop to .40 range in the coming months.
No point for foreign funds to invest here anymore. Ringgit getting weaker and us about to increase interest rate. Any dividend or capital gain made here will be hit hard by the forex conversion. Eg dividend rm 1.25 sen = US .30 sen, next to nothing after conversion
Para-para pelabur sekelian , jangan pandang rendah terhadap kaunter ini , ya . Dividen kali ini lebih baik daripada yang dulu . Tunggu pengumuman syarikat akan datang . Jangan kecewa .
Tolong jangan salahkan orang. Saya sendiri pun ada kena rugi juga . Dalam keadaan sekarang mana ada kaunter tak jatuh , tapi kaunter JCY amat malangnya. Tapi jangan kecewa di mana ada kemahuan di situ pasti ada jalan . Kalau risau dan bimbang sampai tak dapat tidur atau makan esok jual habis-habisan kaunter ini lah .
Keuntungan dan dividen syarikat mungkin di luar jangkaan. Syarikat akan mengumunkan dalam masa yang terdekat . Ini adalah pandangan peribadi saya sahaja . Dengar sahaja tapi jangan percaya .
Faye, exactly as you advised. 32m profit for Q3... 40% drop in profit from last quarter. Heavy sell down tomorrow. Those who bought into the hype today will be crying tomorrow.
Stay away from this counter for at least the next 3 quarters. Earnings will continue to slide into losses. Price will be in the rm .40 range in next few months.
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....
calvin
249 posts
Posted by calvin > 2015-08-04 10:07 | Report Abuse
so strong,can buy buying now.....