Western digital reported last quarter good profit on July 27...and completely turnaround compared a year ago. The price had moved from usd44 to usd81...
As of icy...the turnaround in profit follow the trend in western digital but price is still lingering in the lowest ranges compared last year.
This implies there is a big room for price to double....great day is coming soon.
quick translation for comrades who are not Chinese ed. brief and short..
Jcy director Dato Ng pointed out that the company will go into full robotic system to cut down worker from 19000 to 9000, that help to safe cost up to 100 millions a years and production will increased ,revenue will go up to 1 billion.
having cash in hand of 200 millions, jcy has no problem to continue paying 5 sen dividen to share holder..Hdd production will continue but mean time jcy is in the process to produce SSD but will be in steps.
the SSD business is very tough as there are many big player around but JCY know to deal with to make it a success.
Jcy management may look to be very conservative but working hard for a big success
My two cents, at 57.5 and dividend of 5 sen, it give you 8.7 % in return, upside potential for capital gain equally good,,i hold a lot of JCY share. Why not you?
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....
Yippy68
1,698 posts
Posted by Yippy68 > 2017-08-04 14:14 | Report Abuse
3 years later .jcy 4.03, unisem back to 1.05..any thing can happened, happy trading, i am happy with jcy.