Qtr result..... No worries sir. Hdd demand is fantastic worldwide and also locally. Two more segmentscof revenue auto vehicles and aerospace. Both also good demand.
Jcy has three segments of businesses ie component parts of hdd, auto industry and aerospace industry. Toyota is doing very very well. Many others car industry is doing great too. The auto parts are produced locally but sold overseas.
JCY is a profitable company. So don't worry so much. Keep it and waiting for the fruitful return. Only suitable for mid term investment. For those look for high return in short term or daily transaction. Please forget about this counter. Go to other high risky counter. TP :0.70.
JeffBez88 how do u say its a profitable company? Their QR is bad and their main business partner is leaving. Thats why it drop so much. U better read up rather than just hoping.
I don't want to argue further here. Please refer to the www.klsescreener.com net profit chart. I really feel sorry if some one dislike the information has been disseminate here.
KUALA LUMPUR: hard disc drive (HDD) components maker JCY International Bhd turned a profit in the last quarter ended Sept 30 on higher shipment volume and a reversal of certain impairments.
Net profit for the quarter stood at RM14.1mil that lifted its full year earnings to RM25.6mil.
Foreseen JCY will continue its competitive position in HDD industry, while extending its mix business segment in aerospace industry and automobile industry. Myself still confident and positive about this company financial performance in the whole 2021.
Please be patient. This is a mid term stock. Don't expect to have a big jump in a daily transaction. Recently the stock undergo correction and retracement, it is a time to buy in. Strong support below 0.40. Long term (1 year time) can reach to minimum TP 0.70.
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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....
snwong13
724 posts
Posted by snwong13 > 2021-02-07 08:06 | Report Abuse
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Markets signalled warning signs of market rally!
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-congress-fast-tracks-biden-stimulus-plan-apple-disney-stocks/