Say whatever one wishes to say. The fact is the future of JCY isn't with HDD where margins are razor thin. It's with precision metal casting where currently HDD is the bulk of JCY business. Hopefully its auto business (plus other sectors) would flourish even though with electric vehicles turning into mainstream hopefully soon the number of metal parts would be drastically reduced. Whether one likes it or not, HDD would be history in future like floppy drive. When is the future is everyone's guesses.
@ ThousandWishes Say whatever one wishes to say. The fact is the future of JCY isn't with HDD where margins are razor thin. It's with precision metal casting where currently HDD is the bulk of JCY business. Hopefully its auto business (plus other sectors) would flourish even though with electric vehicles turning into mainstream hopefully soon the number of metal parts would be drastically reduced. Whether one likes it or not, HDD would be history in future like floppy drive. When is the future is everyone's guesses.
Correct, except that they have also investments in SSD parts supply I believe. Right now, although personal device HDD have greatly been impacted, industrial HDD are very much in high demand. Check the earnings and demand for Seagate and Western Digital
Both Seagate & WD are in SSD after some acquisitions. Like all other disruptive technologies, in both SSD & electric vehicles mechanical metal parts are vastly reduced. Is there any spindle in static SSD?
@ ThousandWishes Both Seagate & WD are in SSD after some acquisitions. Like all other disruptive technologies, in both SSD & electric vehicles mechanical metal parts are vastly reduced. Is there any spindle in static SSD?
No but I don't think JCY is the type to sit on their laurels and wait for the sky to fall. Right now, the bulk of their biz is from enterprise HDD, I think. Which is good for another one or two financial years
Lets wait for the qtr report out. If profit on uptrend then share price will follow go up. Especially when IB and fund manager start to accumulate more shares from the open market.
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Hunger4money
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Posted by Hunger4money > 2020-09-27 14:47 | Report Abuse
My TP RM1.20 by year end.