The news is publish by JCY themselves. Why would someone wants to publish bad news. They are not oblige to do so. What is the point of goreng one day then publish the news. The news is from them not from the thier customers.
only end of last year management was looking for buyers to sell their stake and heavily promoting their counter, only announce impairment going forward...
It is the law, to protect the investor. Yes, bad news, but they must announce any bad or good news so that new investor can make their own decision. For those went in earlier, too bad.
[JCY] Following JCY’s announcement on 14 January, it is noted that JCY’s major customer will stop purchasing JCY’s component products which will have negative impact to its financials and possibly result in impairment. But at the same time, JCY has commenced realignment...
@white7012 appreciate much on your explanation, luckily just now i no buy in after read your comments. Agreed, same feeling on JCY always trap retailers. Thank you & happy trading. :)
This bad news already knows since Nov2020. it's already >30% down since Nov2020 which is around 78 cents. For a company that profit for the 2020, Don't think it's going to get worst anymore and should be around the bottom. I collected many! Wait and See. Heehee...
company earnings from impairment gain, how good is this company, lol!!! don't forget company esos @ 0.25 sen only, you think this kind of smart management won't sell and wait for better news come out!!?
i still remember one of the company's director sold his ESOS shares, he got fired by the MD... may be small fry will sell their ESOS shares.. It's all about company image.. Wait and See! Hope i am wrong.
This morning i makan with the boss. He says will goreng in this MCO. The bad news was intentional to wash down the sellers at a cheaper price. Then he will start to goreng.
Net profit in FY21E is expected to grow 3x to RM150.8m as the group takes on higher loading volume in 2H 2020 and into 2021.
Trading Buy with a FV of RM1.35 based on 18.7x FY21E PER, in line with its 3-year mean. The recent surge in web computing is just the beginning of a long-term secular demand for mass capacity storage with TAM estimated to rise from the current market size of US$12.5bil to US$24bil in 2025. We like JCY for being: (i) a close proxy to the massive upcycle in the HDD market due to data centre expansion (ii) able to enjoy higher order volume and ASP owing to supply chain consolidation and (iii) proactive in diversifying revenue stream by venturing into the automotive market.
Good news coming in Q12021, Hee.hee....
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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....
Carl99969
22 posts
Posted by Carl99969 > 2021-01-15 20:32 | Report Abuse
When and how much positive that can offset the losses. That is the problem. Losses is confirm. Positive still not sure.