AI euphoria for next 5-10 years demand will be 100 x said Dell boss last week JCY produce and commands 25 % of HDD global market SSD too don’t haven’t figure yet
The business is just recovered the 1st Q of 24 So, the profit will be higher n higher and will reflect to the share price then.. This is just the beginning of bull run
The improved cost structure and higher customer demand driving higher factory capacity utilisation resulted in our first net profit quarter since December 2021 (1QFY2022),” said JCY International. "This result is even more significant, given that the group’s capacity utilisation was still less than 50% in the reporting quarter (2QFY2024).”
Based on this market trend, the group expects to fare even better in the second half of the year. It is projecting its factory capacity utilisation rate to increase, as its customers see improvement in the units shipped.
I have gone through JCY home page. It seems that the company has the technology to produce both the usual version of HDD (Hard Disk Drive) and the high tech new version SSD (Solid State Drive). 👍
Chloe, It is extract from company prospects.. Company gives a good hints of 2H will be very much better profits.. Let's anticipate the growth for this company..
It is 50% utilisation... What is 60%, 70% or 80% in fact is full because 15 to 20% buffer capacity normally to take in the order
Good opportunity to collect on this market pullback and also JCY share price pull back after a major technical breakout above RM0.50 2 days ago,
For those who like to buy on breakout, then it's time to average down, and for those who prefer to buy on consolidaton after breakout this is a good opportunity to join in below RM0. 50 (RM0.48 is perfect).
Overall, there is no change to fundamental and storyboard momentum for JCY, macro the eon DC remains intacted, market continue to stay buoyant from this HEALTHY CORRECTION.
If it does not correct, it cannot go higher. A higher market is not a one way traffic, it needs rest zones and consolidation. Technically Speaking.
With 50% operational capacity Jcy already seen much improvement due to selling higher value HDD.
Now with operation accelerating plus ever increasing prices due to shortage plus high demand by AI the profits of 2nd half year should amplify Intelligent investment is based on real facts and figures so pullback on weakness is opportunity as the HDD bull is real and solid
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....
chunah
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Posted by chunah > 2024-05-28 13:55 | Report Abuse
AI euphoria for next 5-10 years demand will be 100 x said Dell boss last week
JCY produce and commands 25 % of HDD global market
SSD too don’t haven’t figure yet