Quite Spineless stakeholders. With possible impairment WRITEBACKS, the earnings and dividends should be good moving forward according to the CEO interview and Kenanga analysis.
JCY International Bhd (5161) • JCY closed 2.2% or 1.5 sen higher to RM0.71 last Friday.
• From a technical perspective, share price is currently trading above key moving averages which is a good sign of buying momentum. Recent pull back from high of RM0.87 level provides a good entry opportunity and should buying interest persists, share price is expected to trend towards the RM0.80 level.
• As such, resistance levels are identified at RM0.80 (R1) and RM0.87 (R2).
• On the downside, support levels are seen at RM0.59 (S1) and RM0.50 (S2)
Source: Rakuten Research - 21 Sept 2020
Very tempted to do an entry@68.5 after reading the above call. However the TA shows otherwise. So no entry so far. Be more patient.
JCY is just a pure manufacturer of hard disk drives and components. purely hardware thingy and little value added services to computing solution. old technology that already exists for decades
...................................................................... hng33..Digitization storage and cloud computing are next growth sector
i m just stating the fact that it is purely an HDD manufacturer, the technology that exist sunce 1980s, even the article u appended confirmed it. as for its new business venture, of cos la, got to survive the low margin business of computer hardware. i m in the computing industry for more than 3 decades, so i know what it is capable of
"He sees demand sustaining in the near future with newer IT technologies such as cloud computing, contact tracing and 5G.
“All these data will need to be stored somewhere. There are two choices available in the market now: HDD or solid state drives (SSD). But SSD is very expensive and costs about 10 times more for a company that wants to set up cloud computing data centres, ” Wong says."
Also mind you E-commerce industry analysts predict that within the next ten years, more than 80% of all computing, data storage and e-commerce will get shifted to the Cloud where the cloud data will be stored in enterprise HDD
yea u r right hng33, but i was just higlighting JCY's origin of mainly HDD mfg n components. the ED now surely knows that the co couldnt survive on these alone, hence business diversification for its survival. plus all these announcements will increase appetite of investors n punters to buy 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....
jk20598
213 posts
Posted by jk20598 > 2020-09-18 22:56 | Report Abuse
Mana operators?Sudan cukup untung?