based on techical analysis again? So accurate then don't need to empty talk here already.. Don't see any rationale/good intention from those tin kosong. Trust tin kosong punters/ yourself /kenanga, which one is wiser. Too clear.
Directors are selling. Not a good sign. Nowadays HDD such high capacity. Also HDDs are not disposables live gloves. Demand will dry up. So surge in demand is temporary. How to justify such high valuation when that kind of surge in demand will probably last less than 2 yrs. Increase capacity will incur capital expenditure . Also labor shortage. Unless you can see long term demand surge, you probably won't spend to boast production
Jcy boss James Wong has just conducted a talk! You can refer to the star online today! He said Jcy has received a huge demand for HDD and the profit will be increased hugely at least in the coming two quarters!!!!! He said Jcy is under value and he told me that the price will be moving higher and higher starting next week!!!!!!!!
US market this morning has shown rebound sign! After market Jerome Powell told that the job market has improved significantly and much better than expectation and the interest rate will continue to be at low level for a very long time!!! Normally when this announcement came out, US market will get back full steam again!!!!!
Nothing to do with disposable or undisposable. The rising of demand is purely due to home working measure from all the world as well as web service necessity. The demand will continue to rise until Covid is under control. This stock price will concur with Kenanga Research TP and even greater than that in short while. Dont forget the TP RM1.35 is based on Kenanga conservative estimation, more upside is pending.Personally, i see it worth at least RM1.8. Judge yourself
Impairment loss on property, plant and equipment were wholly contributed by an additional impairment provision of RM29,712,000 (FY2018: RM90,098,000) as a result of lower net realisation value in comparison to the net carrying amount for the plants, properties, equipment as required under MFRS 136. There is no cash flow impact in this impairment provision
The above is the excerpt from JCY's annual report. 50% writeback is ~ RM55m!
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....
facsc118
331 posts
Posted by facsc118 > 2020-09-04 16:41 | Report Abuse
i still buying
not collect enough