Posted by hng33 > 2020-11-24 12:06 | Report Abuse

JCY is a key supplier and contract manufacturer of precision components and sub-assembly for the hard disk drive (HDD) industry with production plants located in Malaysia, Thailand and China.
In the red for the last two financial years, the Group is on track to return to the black after posting net profit of RM11.5m in the 9-month ended June 2020 (from a net loss of RM52.0m previously). The turnaround performance was mainly attributable to higher margins as a result of cost rationalisation efforts and better exchange rates.
Financially stable, the Group was in a net cash position of RM304.7m (or 14.5 sen per share) as of June this year.
Technically speaking, the ongoing share price weakness – which has slid from RM0.78 in early November to close at RM0.64 yesterday – presents a buying-on-weakness opportunity to accumulate the stock.
With the positive trend still intact as JCY shares continue to hover above the 38.2% Fibonacci retracement line, the stock could climb towards our resistance thresholds of RM0.73 (R1) and RM0.81 (R2) when buying interest resumes. This implies upside potentials of 14% and 27%, respectively.
We have set our stop loss price at RM0.57 (or 11% downside risk).

https://klse.i3investor.com/blogs/kenangaresearch/2020-11-24-story-h1536583005-Daily_technical_highlights_ndash_OPENSYS_JCY.jsp

Posted by kasiong1995 > 2020-11-24 12:06 | Report Abuse

科科
基本面那么好的公司
继续丢多点。。。
好让我捡便宜票

Posted by Anaksarawak > 2020-11-24 14:32 | Report Abuse

This quarter got any impairment loss..??

Posted by protrader888 > 2020-11-24 14:36 | Report Abuse

Fast buy, going to rise !

Posted by ntygis > 2020-11-24 14:49 | Report Abuse

buy more

Posted by Aaron_tan > 2020-11-24 15:25 | Report Abuse

buy. discounted price

Posted by TraderID > 2020-11-24 15:28 | Report Abuse

Nice discount time

Posted by GGecko > 2020-11-24 15:37 | Report Abuse

We hear u hng, but with the current unsure Climate, it will be tough for the counter to climb up. According to mkini, it could be 110 - 108 budget voting, of cos subject to actual count by houtian. I supposed Friday morning will be a better bet to enter any new position. In the mean time, sit back n relax

Posted by GGecko > 2020-11-24 15:51 | Report Abuse

It's so unfortunate that we have to face this budget voting saga, all politicians that caused this uncertainty should be despised. Bursa should be in bouyant mood n JCY should have been moving towards 70 Sen n beyond. After all, DJIA is climbing high towards 30K, DJIA futures tonite is pointing towards another 200-point increase, Brent oil now is USD46.52, third vaccination candidate against covid was announced, n Biden white house transition is nicely taking shape after Trump allows the transition team to proceed. But our stupid politicians in parliament messed it all up. Sigh

Posted by TraderID > 2020-11-24 16:15 | Report Abuse

looks nice q buy for jcy...

Posted by sharonchok > 2020-11-24 22:48 | Report Abuse

is it because of the ESO that makes it drop?

Posted by hng33 > 2020-11-25 11:22 | Report Abuse

sold back JCY at 63sen, cash out first ahead of parliament voting tomorrow as risk management

Posted by GGecko > 2020-11-25 11:23 | Report Abuse

wise move

Posted by hng33 > 2020-11-25 11:24 | Report Abuse

https://www.msn.com/en-my/news/national/analyst-sees-najib-anwar-as-big-winners-if-budget-shot-down/ar-BB1bkkAG?ocid=msedgntp

Posted by chiahs > 2020-11-25 11:55 | Report Abuse

we've seen both PH and PN in action before... :)

Posted by WxF8888 > 2020-11-25 12:16 | Report Abuse

This counter is full of conmen and liars.....

Posted by Anaksarawak > 2020-11-25 14:01 | Report Abuse

Here got Mr.bursa...??

Posted by shavemyfurm > 2020-11-25 14:21 | Report Abuse

Kena shave liao

Posted by Anaksarawak > 2020-11-25 15:13 | Report Abuse

Esos coming..

Posted by bowman > 2020-11-25 15:14 | Report Abuse

https://www.computerweekly.com/microscope/news/252482331/HDDs-big-comeback

Worth noting, this story. Published in April, but relevance is undeniable.

Posted by Anaksarawak > 2020-11-25 17:46 | Report Abuse

Today so quiet.... boring

Posted by wakarimas > 2020-11-25 19:34 | Report Abuse

now people keep posting that the result kanasai....pressing the price

Posted by zanbini > 2020-11-25 20:03 | Report Abuse

The Trump lawyers in the United States are sure to overthrow Biden with legal actions, and it is impossible for the Democratic Party to steal votes to govern. Now to acquire JCY stock, Trump’s lawsuit is successful, and technology stocks are about to fly!

Posted by zanbini > 2020-11-25 20:03 | Report Abuse

美国川普律师团有把握以法律行动推翻拜登，民主党窃取选票不可能执政。现在要收购JCY股票，川普诉讼成功，科技股就要飞了！

Posted by Anaksarawak > 2020-11-25 22:04 | Report Abuse

Talk nonsense

Posted by bowman > 2020-11-26 09:48 | Report Abuse

results should be coming in soon. let's see if it is true HDD sales drop

Posted by Caesar7781 > 2020-11-26 10:34 | Report Abuse

Please update, tq

Posted by AbuBakar157 > 2020-11-26 12:11 | Report Abuse

Look like selling scare people is over. Now can in and harvest later :)

Posted by Jokers2020 > 2020-11-26 12:22 | Report Abuse

QR will be out today or tomolo...shud been good as seem that operators collecting at 0.615-0.62..afternoon will surge as. this stock is always afternoon showtime

Posted by kasiong1995 > 2020-11-26 12:32 | Report Abuse

Nope
maybe goreng again?? Hahahahaha

Posted by steveninvest > 2020-11-26 12:35 | Report Abuse

Only noob are selling such a good stock.
The CEO already mentioned the hard time is over and the outlook for next 6 months will be quite good. Never read news !
https://www.thestar.com.my/business/business-news/2020/09/05/hard-times-over-for-jcy-international

Posted by MillionMindset > 2020-11-26 12:46 | Report Abuse

Nowadays people buy stock never read news, there is why losing money. Jcy CEO said hard time has over, mean next quarter result will be better.. Cheers..

Posted by homhom > 2020-11-26 13:08 | Report Abuse

HDD business is good now (you can look at dufu and notion QR report to check whether HDD business ok or not).

Posted by hng33 > 2020-11-26 13:09 | Report Abuse

added back today at 62-64sen with margin capital

Posted by hng33 > 2020-11-26 13:10 | Report Abuse

hope today vote can pass smoothly

Posted by Caesar7781 > 2020-11-26 13:20 | Report Abuse

Hoping for the best

Posted by Caesar7781 > 2020-11-26 13:24 | Report Abuse

Next week JCY will be back at 0.72

Posted by LaoTzeAhSir > 2020-11-26 13:32 | Report Abuse

vote pass or not. it has been priced in.

Posted by LaoTzeAhSir > 2020-11-26 13:33 | Report Abuse

jcy rsi at 30% level only, at the most bottom of lower bollinger band (oversold state) and rebounded at important support of 60-61c. looking great.

Posted by stockwin > 2020-11-26 14:41 | Report Abuse

expected good qtr result?

Posted by druggy8989 > 2020-11-26 15:38 | Report Abuse

"Kenanga is expecting JCY’s net profit for FY21 to triple to RM150.8mil, as the group takes on a higher loading volume in the second half of 2020 and into 2021" -the best part of the news.

Net profit (not revenue) to triple. Anyone knows when the results will be out?

Posted by ntygis > 2020-11-26 15:57 | Report Abuse

wonderful!!!

Posted by hng33 > 2020-11-26 15:59 | Report Abuse

hope for the best, increase profit + write back 50% earlier provision loss due to full utilization rate in production line.

Posted by hng33 > 2020-11-26 16:00 | Report Abuse

Budget vote risk already over

Posted by Anaksarawak > 2020-11-26 16:55 | Report Abuse

QTR results faster come out....so slowly

Posted by ntygis > 2020-11-26 16:55 | Report Abuse

Anak Sarawak everyday cry for falling knife.

Posted by ChrisMz > 2020-11-26 16:57 | Report Abuse

closed high.. something good coming?

Posted by Anaksarawak > 2020-11-26 17:08 | Report Abuse

Hahaha.. give me tissue la when i cry

Posted by rocky_88 > 2020-11-26 17:14 | Report Abuse

pullback

Posted by Evara75 > 2020-11-26 17:17 | Report Abuse

Fly high .....