From the share price itself , felt shame to compare JCY n DUFU , hopefully the Managment wake up ,, otherwise go to DUFU or Notion , learning from them
No doubt, ,over the past performance of JCY was very bad because of the conservatives of major share holder , never wanted to change .. however , heard that some action was taken on it since last year . Let see this coming Q result ... look promising
As a tentative global recovery from the COVID-19 pandemic begins, there are considerable uncertainties in the world outlook. The general consensus is that recovery to pre-pandemic levels may take at least two years and, perhaps more significantly, that the disruption caused by the pandemic may well lead to significant structural changes in global economic and trading systems in the future.
In the immediate term, while overall supply and demand has fallen across the board, the need to strengthen systems for management and monitoring of national economies and the shift to “work-from- home” has resulted in increasing demand from sectors associated with IT infrastructure, IT devices and components, and cloud services. Post-MCO, JCY resumed full operations from 29 April, 2020 and will be actively engaged in accommodating our clients’ requirements in this space. While JCY remains competitive in the HDD component space, we continue to carefully monitor changing patterns in the global supply chain in order to further diversify our businesses.
Share price stay around 0.32 , u can see very strong resistance at this level , it may take some times to break this resistance with better profit n revenue, based on the last Q , seems worth to wait .
On 12 March 2019, the Company announced that YK Technology (Suzhou) Co., Ltd (“YKT”), an indirect wholly-owned subsidiary of the Company, had entered into a Non-residential Property Relocation Compensation Agreement with Guo Lane Street Relocation Office ("Guo Lane") for the proposed acceptance of relocation compensation for the land located at No. 1777, YiZhong South Road, Suzhou Wuzhong Economic Technology Development Area together with non-commercial buildings erected thereon by YKT from Guo Lane for a total relocation compensation amount of Chinese Yuan (CNY)133,306,850 (equivalent to approximately RM81,050,565).
On 21 March 2019, YKT received the first payment of CNY 26,661,370 (equivalent to approximately RM16,215,000) as per payment schedule stipulated in the Agreement. On 25 October 2019, YKT officially handed over the properties to Guo Lane per agreed under the Relocation Compensation Agreement. In December 2019, YKT received second payment of CNY 66,653,425 (equivalent to approximately RM39,554,000) as per payment schedule stipulated in the Agreement.
On 13 January 2020, the Company announced that it had entered into a Business Sale Agreement with SDM Precision Casting Sdn. Bhd. ("SDM") to purchase the Business of SDM for a total purchase consideration of RM5,385,900. The Company is currently conducting an opertional due diligence as one of the conditions precedent to the Business Sale Agreement.
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Posted by Bourbon > 2020-05-06 09:48 | Report Abuse
let's go JCY