It started to move up from 0.55 to 0.59. Then from 0.59 to 0.67. It caught me by surprise that the "cleaning" comes so fast (oncluding Notion). To be on the safe side, I sell to buyer at 0.64. Those who know retracement charting, please let us know the reentry price.
the frequent mistake made by many during glove🥊 bull🐂 was just thinking thinking thinking, namely endless non-stop over-analytical overthinking, from beginning all the way to end of bull♉ phase
but without having been accompanied by a certain healthy level of early stage trusting in their own simple-logic driven gut instinct
"Anyway we can see here very active and all sort of target coming out. Start with the scream of RM1, then RM1.4 follow by RM2.4 then latest RM3. And suddenly also got mergers and takeover. Kikikiki. Colourful and lively here. Entertaining. No wrong or right. It’s just fun."
you know, at early very very early stage of glove bull, supermax and topglove were both only around 1.50 to 2.00 IIRC, while hlt was only like 30 sen
then supermax and topglove both went on to hit peak above rm30, while hlt went up to rm3
WD expects Q4'FY2024 quarter revenues to be in the range of $3.6 billion to $3.8 billion, increase vs $3.46 billion last Q3'FY24 revenue. The $3.7 billion mid-point would represent a 38.8 percent annual increase, making for a $12.94 billion full year, moving into turn around year revenue growth starting 2024.
Can JCY, Notion, Dufu n SNS compete with major global player for DC in our local market? Nvidia is leader in AI and generative AI with its GPU chips while Seagate and Western Digital are major beneficiaries of the increased storage demands for AI. Seagate and Western Digital advanced technologies will keep HDDs in the forefront of demand over SSDs through 2030.
Here is my research and finding of how to estimate its potential share price rise for JCY business revenue & earning growth throughout year end 2024 & beyond with raising AI cloud & data center.
If the share prices of Western Digital (WDC) and Seagate Technology (STX) on Nasdaq is doing well, there is no reason to think that share prices of JCY International (JCY) should do any lesser. The logic, simply because JCY's business well-being is highly corelated to its customers WDC and STX since they co-exist within the same value chain.
JCY being the up stream component manufacturer & part assembler whilst WDC and STX being the brand owner and downstream seller of the finished product (HDD & SSD). As much as WDC and STX are both very important customer of JCY, likewise JCY is an important component supplier to its customers. No-one should discount this business link.
JCY.KL (JCY International) +310.0% (low base rock bottom effect). Isn't This The Beginning Of Recovery Or Share Price Too Aggressive In A Short Time? JCY IPO Price was set at RM1.60 at a Market Cap of RM3.1bn when it was listed back in February 2010.
On a YTD basis, JCY has surged more than 3X from a low of RM0.15 (a year ago) on the back of big improvement in its last quarter results. So the question is will JCY continue to outperform its customers and how?
My 2 Cents. Yes. JCY Will Continue to Outperform And This Is Only The Beginning .
How?
Second half of 2024 results are expected to be better than First Half as confidently guided by management in their result review and commentary in May.
Operational Leverage and Economies of Scale for JCY is Much Greater Than its Customers'. At slightly below 50% plant utilization rate, JCY is already clocked in RM5.34mn in net profit. Ask any production manager or factory owners that manufactures goods how important is it to get pass breakeven utilization rate. When utilization rate surpass breakeven level, profits can flow in exponentially with every improvement in utilization rate (also known as economies of scale).
If JCY sales order rise higher than expected toward 80% factory utilization earlier, then its next EPS reporting will hit >=5sen vs early estimation, riding along with Western Digital & Seagate upraising sales order HDD, SDD demand in 2H'24.
Any pullback in an opportunity to collect for next 6mth to 1yr for multi baggar return to $2.00 share price with moving positive economy trend on data center demand HDD, SDD growth.
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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....
Oliver Ooi
234 posts
Posted by Oliver Ooi > 2024-06-06 17:11 | Report Abuse
lol, suddenly retracing pulak. this week are done, let's see for next Monday movement.