frankly speaking, if compare the recent price increase ratio and QR performance, sorry to say below expectation ........... 18/08/2020 8:04 PM ------------------- unquote ---------------------
Yesterday already highlighted u all ........ sigh ..........
Watch their automotive space that is proceeding at a fast pace and is expected to contribute to the coming quarters.
Key points: - 1) The group has an automotive manufacturing licence as it was awarded the International Automotive Task Force (IATF)’s International Standard for Automotive Quality Management Systems in July last year; 2) In January, JCY signed an agreement to acquire the businesses of SDM Precision Casting Sdn Bhd — which trades in and manufactures aluminium alloy die casting products — for a total of RM5.385 million in a 15:85 cash-plus-shares deal; Quote JCY executive director Datuk James Wong King Kheng - "When SDM Precision Casting came to visit our plant, they were shocked [at how good our machines are]. Our plan is to utilise our spare capacity. The automotive operations will be consolidated in Johor,” he says. JCY is also looking further afield to other countries. 3) SDM Precision Casting not only produces parts and components for its Japanese client, but also a German automotive firm. Apart from that, it is in the midst of securing another big client from Japan; 4) JCY has received many enquiries on producing automotive parts and components in Malaysia in the wake of the US-China trade dispute. If you look at the big automotive firms in Japan, a significant portion of their parts and components come from China. Because of the pandemic and the trade war, many businesses are worried, and they wish to diversify their suppliers to outside China. JCY is now trying to convince them to source automotive parts in Malaysia as these automotive firms are not able to go back to Europe because the cost is too high; 5) JCY’s strength is casting. They have a lot of good, high-precision casting machines. For them to go into two-wheel or four-wheel casting is not an issue at all. In fact, it is quite an easy job for them. They don’t even need to buy new equipment to produce their components! 6) Malaysia is a small market. JCY will not stop here as they are eyeing business opportunities in the whole region. For motorcycles, the biggest market in Asean is Indonesia, followed by Vietnam, Thailand and the Philippines;
JCY International jumped and touched the RM0.665 resistance level. With its 21-day moving average pointing upwards, coupled with a higher low candlestick pattern, we see that there is a possibility it will experience a technical breakout. If this happens, expect it to travel towards the short-term target prices of RM0.700 and RM0.735. The downside support is anticipated at RM0.635, whereby traders may exit on a breach to avoid the risk of a further correction
Greenpacket partner with tencent (中国腾讯)to setup cloud computing in malaysia while microsoft also setting up database at johor, hdd requirement will grow and benefit jcy
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....
JualanMurah
35 posts
Posted by JualanMurah > 2020-08-19 15:14 | Report Abuse
90 cent soon