KNM is an interesting case. I think the owner is taking the investors for a ride, but it seems the investors there don't think so. So much so that a lot of people joining in the fray, both pro & cons. So, i am following closely just to see the outcome, not investment!
hehe how dare you say I the great General taking you all ikan bilis for a ride??? You think it's easy to ride in my gravity defying process eqiuipments ah? You know how many tons those things ah? You know we have the best german technology before hitler even exist! you so smart you built one then we talk. I'm taking them all a ride to orbit and going to beat all the americans, russians and chinese space programs. I' will be the greatest and crush you all. wahahahah
@jacklintan - Just because it has the potential to go to 1.40 doesn't mean that it will. Even if it does get to that price, it won't be a straight line. For the moment, it is obviously on a downtrend and it is prudent not to go against this. Even when it looks "cheap". As we have seen with various counters, cheap often becomes cheaper.
All these new analyses by the various investments won't help sentiments either. By the way, it wasn't too long ago that they were praising it to the sky. I think I remember one analyst espousing JCY as "the best counter in the universe" or something to this effect. I'll try to find it and post the link here.
At the same time, don't totally discount it yet. Be cautious but also watch out for signs of a mild rebound. I'll be eyeing the warrants this time. Right now their premiums aren't too high as previously, so there is potential for some money here when there's an upswing momentum. Plus the potential to lose some money too, of course:-)
But whatever, it will be interesting to see how it fares next week. Remember the T+3 which KC Loh mentioned. There might be many lots from Wednesday and Thursday which traders had held on to, hoping for a rebound. But time is running out and their remisiers will do the selling on Monday and Tuesday if these aren't picked up. However, if the price generally holds, then this will be JCY's new support line for a base to form.
2/8/12 when NEXTNET was at 0.10, TA says "Sell". Guess what happened after that?:-) Ah, these `analysts' - if one follows them 100%, one would either lose money or forsake the chance to make it. Not that we should ignore their reports - please read them but make our own decisions. After all, it's OUR money.
Analysts reports are always good because they HAVE the contacts with management BUT we will have to do our home work. Understand that they are PREDICTING The figures based on this and that and this is where we all have to ANALYSE ourself if the reports are true or not.We also have to understand the Happenings around a certain stocks whether it is investment worthy or just pure speculations. well I guess more readings then huh? hehe
ohhh... welcome home our prodigal howardbach! hahaha :)
yeah, i guess it was naughty of the IBs. They spread the rumours and now they are buying back. When they said it was accounting rigging for JCY, i knew at least where one of the culprit was! :)
JCY should climb back, albeit cautiously. Market fear very hard to remove after this! :)
just be a bit careful. i think Bangkok admin is ready, but the thing about force majeure cases is, you can never predict how bad it is! and how wily Thais are in claiming insurance!
Need to do own homework. Western D is one of the largest customer for JCY. What will happen to JCY in next few months? http://www.malaysiakini.com/news/206566
Electronics giant Western Digital earlier this month offered its staff in Malaysia a voluntary separation scheme, targeting to slash its employees by up to 20 percent or about 1,200 people.
Weakening of the hard disk drive (HDD) industry caused by the persistent uncertainties in the eurozone has caused JCY International shares to extend its last week's loss, easing one sen to RM1.12 as at 4.30 pm today.
The share price fell sharply last week, with the price closing on Friday at RM1.13, down 21 per cent week-on-week, Kenanga Research said.
"Despite uncertainties in eurozone, the weaker performance is also caused by the slowdown in emerging markets (China and India), and weak consumer sentiments in the personal computer market," it said in a research note today.
In the case of HDD, there has been a compression of the average selling price after Thailand's floods as HDD vendors have slowly returned to their usual suppliers after the flood, Kenanga said.
"As such, the tide in the industry may have turned negative and JYC, being the leader in the local HDD sector, is likely to be the first to feel the adverse impact," it said in a research note today.
Kenanga said the situation may have prompted investors to move out from the stock as seen in the sharp fall last week.
When we invest in a company, we are investing in the future of the company, not the past and not even the present. A low current PER can deteriorate rapidly in the following year; on the other hand, a high current PER can quickly turn around. It all depends on the future prospect of growth of the company. One must make a logical assessment of industry future before one makes a sensible investment decision. In today's internet age, news and data are plentiful and easily available. It is quiet easy to do some viability study for JCY.
JCY is a subcon for WD and Seagate. If those giants have extra bread that they cannot finish, they will give to subcon to take the business. Cannot just look at the current dividend and financial reports. That is the financial performance for the past quarter. Need to look at the company up-to-date production output, and the current semicon worldwide trend. Never trust the report from IB. They are paid to write what their boss want.
Buy (RED), Sell (RED), Main Marker (RED) = Triple Code RED. Pending World Market (RED) for Quad Code RED: Buy at Dip. [Note: Applicable to Strong Cash-Position Traders. Hold for the next rebound)
T3 means terminator 3, quoted by charlie adam, professor of finance of yale in year 1933. which means it's a completely destruction day for JCY, where sellers are going to be 300% higher than buyers at least. For who still owns the share, quickly dump it.
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....
KC Loh
13,701 posts
Posted by KC Loh > 2012-08-25 22:34 | Report Abuse
tonylim, intraday comparison is quite a good method. i do use it myself. Thanks.