sell on news is a normal behaviour for everyone to profit take, however, there will have some correction in these few days to push the contra kaki out... good luck to all 炒风者
Agreed with banker. Dividend alone is instant 4% return for this quarter alone based on current price. Usd appreciation stating in December due to fed starting rate hikes. No reason for the sell down other then accumulation by fund/ shark.
yes can see the same thing from monitoring que and price movement since yesterday open. Anyone selling now must be crazy. Giving up at least 40% to 50% potential upside profit! Not to mention the big dividend returns.
JCY’s 4QFY15 core net profit is in line with our expectation. JCY is shielded by a favourable exchange rate as well as a potential value-accretive M&A that would allow it to gain market share. Cash-rich JCY declared a high 3 sen dividend and offers a prospective dividend yield of 6.0%. Maintain BUY. TP: 1.50
JCY’s 5+5 MSC status is due to expire in Apr 16. JCY is in negotiations with the authorities for renewal and the progress has been positive so far, according to management. Management expects an outcome by 1Q16. Should JCY be unsuccessful in obtaining any tax incentive and has to pay the standard corporate tax rate of 24%, this would lead to a 15% downside to our net profit forecasts and lower our target price to RM0.93.
Fortunately I also in the market long enough to know that unexplained sell down is always followed by a surge in price recovery shortly after. HK I have the same report. Their reporting is usually quite good without much bias.
JCY climbed to a three-year high of 91.5 sen on Nov 19 before reversing slightly undergoing correction. The trend going forward is pretty simple.
While the prevailing trend still is bullish, a clear penetration of the recent high of 91.5 sen barrier would signal the resumption of a rally, enroute to challenge the upper strong hurdle of RM1.07 or the greater resistance of RM1.25-RM1.26 band in the immediate term. On the opposite, a breach of the of 80 sen mark may see further downside risks and in this case, the lower 75.5 sen floor will be much weaker.
Accumulate now before it is too late . Anytime they can GORENG . They are looking for the right time only . They will make you people angry first than only befriend with you people .
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....
poklang
53 posts
Posted by poklang > 2015-11-24 11:33 | Report Abuse
http://www.mybursa.news/2015/11/24/jcy-powered-by-us-dollar-lifts-profits-up-by-450-per-cent/