《销售低迷.JCY需多元化突围》~~ JCY国际(JCY,5161,主板科技组)销售连年低迷,大华继显认为,集团需多元化业务才能突破现有困局,短期催化因素欠奉。 大华继显表示,受到销售量和平均售价双减影响,JCY国际过去3年的销售持续减少,在过去14季中有13季(2015财政年首季至2018财政年次季)呈现跌势。“ JCY国际盈利起伏不定,主要是其对美元汇价起伏高度敏感。展望未来,随着马币短期走疲,我们相信这对JCY国际将是一大利多,但集团业务基础相对脆弱的根本问题未解,主要是市场正快速转向固态硬碟(SSD),未来传统硬碟价格压力和长期风险犹存。” 大华继显说,尽管2017年全球面临固态硬碟短缺问题,让业者过了个好年,但相关效益却未扩散至JCY国际等硬碟制造商身上,其中最大客户——西部数据(Wes t e r n Digital)传统硬碟出货量即在2017年和2018年首季下跌7%。 虽然西部数据有望从数据中心和云端相关储存设施对传统硬碟殷切需求中受惠,但JCY国际却无法从中受惠太多,主要是其传统硬碟销售与领域总出货量息息相关,而企业硬碟需求增长并不足以抵销个人电脑需求下滑冲击。 该行认为,JCY国际欲扭转乾坤,集团急需多元化传统硬碟业务。JCY国际在过去2至3年不断寻找新商业机会,但至今仍毫无结果。 《无力维持派息》 整体来看,我们觉得除弱势马币以外,JCY国际短期催化因素欠奉。值得一提的是,JCY国际在2018财政年第二季并未派息,为4年来首见,反映出集团虽手握2亿1600万令吉净现金,但严峻的营运环境却导致其无力维持每季派发1仙至1.25仙的股息。 有鉴于此,大华继显对JCY国际前景日趋悲观,决定将之从追踪名单除名,最后评级维持在卖出,目标价为26仙。 http://www.sinchew.com.my/node/1769210/
We expect sales to continue to remain favorable towards the second half of 2018 as our major products are driven by the growth in high-capacity nearline HDDs as well as stabilization of client storage demand. The demand for high capacity storage drives, enhanced performance, and lower storage cost is set to rise. Global internet penetration, the rise in e-commerce in emerging markets, and the current trend for high-resolution media standards are the likely drivers for the continuing rise in global data storage demand.
opportunity to venture into new business segments that can synergize with the Group’s current business model. The incorporation of Dufu Metal Sdn Bhd in this quarter is a testament of our effort to synergise our current machine precision and metal fabrication business which will eventually value add to the Group’s exposure in the business segment of fabrication and assembly of machinery equipment. With this in place and considering the continuing stable demand based on the current market trend and assuming that there is no volatility in the USD currency against Ringgit, the Group is optimistic in its earnings and growth in the coming quarters.
The long-term future of HDDs will likely rest with high capacity HDDs, particularly in data centers serving cloud storage applications. Nevertheless, the Group will continue to improve its operational efficiency and keep a tight rein on costs to ensure price competitiveness on its products. The Group is also working closely with existing and new customers in creating value to their supply chain and will continue to seek..
Walaoooo... DUFU HDD have got good selling... JCY is the kings in HDD, how about JCY? If JCY Qr got loss profit,, rogol gaogao management.. what are doing la!!! Don’t play play all investors long years support him......
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....
1009
2,020 posts
Posted by 1009 > 2018-05-15 23:58 | Report Abuse
【太有欠途的JCY】
持续4个季度亏损
累积高达6633.9万马币
管理层不再季度派息
也许尽量避免不必要的支出外流?
那么.公司每年就能节省4千万至6千万马币
目前公司持有的
现金余额与存款:2亿66681万
库存:2亿1524万
应收款项:2亿7733万
需要支出的有
贷款:5085.6万
预付账款:1亿8163万
之前报道写出
公司股本为5亿3673.2万
储备金为5亿2334.5万
公司最大股东持股73.53%
另29位股东共持股大约10%
管理层有预愿回购另10%市场流动票
那么即将剩下的流动票不多吧
希望能稳定继续走低的股价
但就是没说..几时的
JCY目前越生产就越亏钱盈利
真怀疑亏钱的订单还继续经营
管理层难道不应该检讨一下吗?
还是第一大股东都说..也无所谓?
Notion,Dufu虽小
但懂得变通和争取盈利至上
希望JCY管理层,不要玩到收..红卡啦!
时代在进步,记得积极创新会比较好的。