Sorry just wonder why faye62118 and kitykat have comment on JCY only? You guys don't buy any other share? Or you all have dedicated nick to each counter.
which rule state that forumner must comment on every counter in bursa? I assume Faye only comment here because she has inside contact as she advised and proven. keep the forum constructive and focus discussion on JCY and not who, how and when someone should comment here.
Why worry???? If you go to detail on the quarter report Q3 . Profit drop was due to FOREIGN EXCHANGE LOSS RM1328K COMPARE FOREIGN EXCHANGE GAIN RM10255K IN Q2, The rest items not much different with Q2 & Q1. These is why profit drop, JCY still maintain dividend 1.25 cent as previous Q1&Q2.
Some very desperate comment from some very desperate shareholders. First want to say profit increased by comparing to quarter earning 1 year ago, then try to justify 40% drop in profit by saying all due to forex loss. But wait the ringgit has been declining for the last 6 months and jcy sell product in USD!
The fact of the matter is the profits have dropped by more then 40% from the last quarter. It doesn't matter if the company pay 1.25 sen dividend or even 3 sen dividend. The share price will plunge and it makes no sense for investors to buy the counter for 1.25 sen div when they are likely to face 20+ sen capital loss on the share price. Why worry?
Macam-macam cerita orang boleh cakap . Syarikat untung atau rugi pun ada orang cakap . Syarikat telah masuk dalam PN17 pun boleh naik tapi pun tak boleh bangkrap . Kenapa ada segelintir golongan meramal syarikat JCY International seolah-olah mahu bangkrap . Mana boleh tiap-tiap quarter untung punya . Tengok jari manusia mana ada sama panjang ada yang panjang dan ada yang pendek . " AKU MEMANG KAKI CEMBURU ". Target price saya tak ubah.
Dunia ini memang sudah terbalik. Syarikat untung akan menghadapi limit down dan yang rugi akan menghadapi limit up . Esok mungkin pasaran akan jatuh sedikit sebab pasaran di Dow Jone jatuh ratusan mata. Mana ada syarikat memberi dividen pada tiap-tiap quarter . Kalau ada mana-mana syarikat yang rugi teruk tapi pun bagi dividen itu yang bahaya. "MEMANG BAHAYA"
HDD is still cheaper compare to SSD .... so they still have market for the time being.... about outdated HDD, this face by technology company, things get outdated and new thing comes fast... just see how they cope with the transition only if HDD really extinct one day...
The downtrend will be ended soon so get ready your money and buy as much as you can . There are thousand over public listed company . Pick the right one only . Average down .
TECHNOLOGY, CORPORATE Immediate hurdle for JCY at 68 sen, says AllianceDBS Research By theedgemarkets.com / theedgemarkets.com | September 9, 2015 : 7:39 AM
KUALA LUMPUR (Sept 9): AllianceDBS Research the immediate hurdle for JCY International Bhd ( Valuation: 2.40, Fundamental: 2.50) was at 68 sen and said JCY had on Sept 8 traded higher to 67.5 sen before closing near the day’s high at 66.5 sen (up 3 sen or 4.72%).
In its evening edition yesterday, the research said JCY crossed over the 20-day MA line on Sept 8.
“Following the up close, the stock is expected to test higher level again with immediate hurdle at 68 sen.
“A crossover of 68 sen should see further price rise to the next overhead resistance zone, 71 sen – 72 sen.
“The support is pegged at 64 sen. A fall below 64 sen would put pressure on the stock down to the subsequent support zone, 60 sen – 62 sen,” it said.
AllianceDBS Research said stock volume traded on Sept 8 was 8.32 million shares compared to the 3-month average volume of 5.43 million shares.
The research house said indicators wise,the MACD was above the 9-day moving average line with the buy signal remains intact.
It said the relative strength index indicated that the stock was currently in the neutral zone.
RM dropped further last couple days meaning profit from currency gain of JCY increases. As long as the shipped qty of it's HDD products stays at the same level, its eps will increase and so its share price, premised the sentiment of the broad mkt does not turn too bearish.
In fact, I am very pessimistic on the macro economy and RM. I opine that 4.5 to 1 usd is within reach soon. If Father of Donation stays in power, I would not suprise to see RM touch 5 to 1 usd.
China very confident and bullish on HDD market. WD now have direct access to China market. Big increase in sales for JCY in the future as WD is a major customer of JCY.
Forbes Asia 9/30/2015 @ 9:52AM 1,176 views
China's Unisplendour Buys Western Digital Stake For $3.78 Billion
Unbelievable. each time earnings start to drop, some unexpected event/s will occur to make the earnings sky rocket. Last time got thai flood, then this year weakening ringgit/strong USD and now China/WD deal. Honest's claim is confirmed. The coming quarter result will increase by a staggering 200%+ from last quarter to over 100m profit with 2.5 sen dividend. Flood time earnings replaying again. Lets see if share price will cross RM1 again.
Many the export company that sell in usd already double or triple in price in the last 12 months. Eg VS and Lihien. Jcy have not move much but With the coming Q big result and the China buyout of WD, should easily pass rm 1.
2015 - 233m Net Profit (inclusive of 100m upcoming profit for Q4)
Calculations below are based on 233m net profit for FY2015 which includes the upcoming 100m net profit for Q4.
-------------
EARNINGS PER SHARE (EPS) = Net Profit /Number of shares = 233m /2 billion shares = 11.65 sen EPS.
-------------- PRICE to EARNINGS RATIO (PER)
= Current Price Per Share / EPS = .68/11.65 EPS
= 5.8 PER
Western Digital Current PER = 12 (90% of JCY sales comes from WD)
Assumming a conservative PER of 10 for JCY: = 1.20/ 11.65 sen EPS = 10 PER
JCY Fair Value (FV) at PER 10 = RM 1.20 Dividend yield for full financial year = 6.25 sen (5.5%)
Potential Share Price upside = 52 sen or 80% from current price of .68
* This is based on earnings alone and does not factor in future value of increased sales/orders from WD due to recent China Aquisition of WD which will give WD direct access to china market (90% JCY sales comes from WD). Noting any increase in sales will have an increased multiplier effect on net profit due to weakening ringgit strengthening USD.
500m shares on market with other 1.5b shares held by ykk. Has not changed since listing in 2010 and during 2012 flood price went back to IPO price of 1.60.
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....
yapie
301 posts
Posted by yapie > 2015-08-19 19:23 | Report Abuse
Sorry just wonder why faye62118 and kitykat have comment on JCY only? You guys don't buy any other share? Or you all have dedicated nick to each counter.