Stock wise, being well-positioned in the HDDs supply chain, JCY (RM0.705-Not rated) is one of the largest global precision engineering manufacturers of HDD mechanical components, with decades of working relationship predominantly with Western Digital. It poised for a huge upcycle on rising demand for HDDs, supported by the growing emphasis of social distancing and home-based working since Covid-19 lockdowns coupled with the continuous upgrading of the data center with increased storage capacity as more companies are preparing themselves for 5G technology rollout, big data, powerful analytics, artificial intelligence and other key innovations to drive growth.
IDC predicts that the global datasphere will grow from 33 Zettabytes (ZB) in 2018 to 175 ZB by 2025. Throughout the 2019-2024 forecast, IDC expects the installed base of storage capacity to achieve a compound annual growth rate (CAGR) of 17.8%.
Valuation is undemanding at 9.9x FY21E P/E (52%below peers), supported by a net cash position of RM302m or 14.3sen. The stock is ripe for a triangle breakout soon after consolidating near the RM0.65-0.68 levels. A decisive breakout above RM0.735 (downtrend line) will lift prices higher towards RM0.77 and our long term price objective of RM0.87 (6 Aug high). Cut loss at RM0.645.
Because of Biden’s election fraud, the US judicial investigation Biden obtained a large number of fake votes, and Biden will lose his presidency. Trump will be re-elected as President on January 20.
Trump said that next week, good news will be announced.
If Trump is re-elected as president, technology stocks will fly!
if you check back their company announcement. Almost every month they give Esos... give to their employee option to buy 0.25 per shares... The share prices now is 0.67 - 0.70 range... means once they bought then they can directly sell it and they earn 250%.... WHAT THE FXXX..... those employee are so BLESSED... but we all investor are losing money feeding them..
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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....
profitgrow
773 posts
Posted by profitgrow > 2020-11-10 19:23 | Report Abuse
better sell it 1st before its too late..