KUALA LUMPUR: The ringgit opened lower against the US dollar this morning as the greenback strengthened on continued optimism from the US tax reform, dealers said.
At 9 am, the local unit opened at 4.0840/0870 against the greenback from 4.0730/0780 on Wednesday.
A dealer said the US dollar climbed higher on increasing expectation the US House and Senate would reconcile their tax bills over the next week or two, with the legislation ready to be signed before the books were closed on 2017.
He said markets' focus now was on Federal Open Market Committee meeting next week for the most-awaited decision on US monetary policy which they were fully expecting the Federal Reserve to raise interest rates next Wednesday by 25 basis points for the third time this year.- Bernama
Well done, Carton boxes and Kiln-Drying segments! Likas project will kick in once the raining season is over. I believed the management has taken steps to offset or counter-balance the loss of revenue in plant upgrade. May be more construction projects will be awarded soon. Anyway, plant upgrade means better efficiency and bigger capacity which is a good news to the true investors.
In the meetings, Tan Sri shared that JayCorp will have a joint venture for its JayCorp Construction (Sabah based (70%)) with other more experienced construction company (Most likely Mudajaya (30%)) to bid for Pan Borneo Highway Project. It is positive.
i dont recognize you le....u should have intro yourself to me....i was the one asking the most questions in the room during the EGM.....anyways, how can we be in touch? seems like we always follow the same companies.
i wanted to ask more questions about thr current business and the outlook for 2018 but held back as Tan Sri got a call during the AGM informing him his sister's demise....so it was best to keep the AGM short as he wanted to rush off as soon. Sad..
Low Ji Teng, who is Stock Aid Sdn. Bhd.? Did anyone from the Company go to their AGMs/EGMs? I guess not because Stock Aid only did analysis on papers. Too many analysts do analysis but never be rich. Why? Because they made a lot of mistakes in their analysis. They don't know much about the managements. Comparing JayCorp now with pure furniture stocks is a real big mistake since JayCorp has not been a pure furniture for a few years and recently going to expand more on Engineering and construction while other furniture stocks don't.
Agree @shortinvestor77, Jaycorp recently ventured into construction. But we also understand it's a recent development, so we 'historians' would just evaluate the company within the industry's context :)
We believe with the recent strengthening of MYR/weakening of USD this industry might be trading at a discount, so we looked into it. And what we find is that Jaycorp would lagged behind it's peers, but diversified it's business. Which is another story. So investors who are interested to go in this industry, which is relatively cheaper in valuation would have better options.
Disclaimer, I do own Jaycorp shares together with other furniture exporters.
hurricane and storm and fire in California was unfortunate but ongoing re-build should continue to support Jaycorp..US economy & housing. Economics indicators in US is on the positive side that will continue provide consistent increase in imports of furnitures should cushion the effect of rising MYR/US exchange.. https://tradingeconomics.com/united-states/indicators. good to collect at this price when panic investor sells
Changes in Director's Interest Name: MR YEO AYK KE Descriptions(Class): Ordinary Shares Date of change: 08/01/2018 No of securities: 878,625 Type of transaction: Acquired Nature of Interest: Direct Interest
Wow, bought at 1.402/share for 878,625 shares (why not buy cheaper later if it's gonna fall more). That is a huge chunk if we compared to daily volume, ~160k shares of 4 weeks average trading volume and NOSH 137 million. If want to show support to prevent falling, i will separate to MULTIPLE times like buying high at end of every trading day... Something is brewing??
Yeo Ayk Ke --A Malaysian, aged 48, male, was rst appointed to the Board as Director on 19 July 2002 and is presently a Non-Independent Executive Director of the Company. He is also a member of the Investment Committee and Enterprise Risk Management Committee of the Company. Yeo AK started his career as Marketing Executive with Pioneer Packing Industries in 1990. He joined Yeo Aik Wood Sdn Bhd as Marketing Manager in 1992. Since then, he has been involved in developing the marketing master plan for the Group’s products, especially in penetrating the overseas market. His great interpersonal skills has enabled him to build up strong relationships with the customers. He has travelled extensively to participate in trade fairs and to meet up with customers overseas. This has given him wide exposure to furniture trade designs, customers buying patterns, trends and behaviours in various countries. He oversees the marketing plan and strategies for the Group. His extensive marketing network enables him to lead the marketing function for the Group’s furniture products. Yeo AK has attended 5 out of 6 Board meetings held in the nancial year. He is not a director of any other public company. He is the brother of Yeo Eck Liong (Managing Director and a deemed major shareholder of the Company) and Yeo Aik Tan (Alternate Director). He has no con ict of interest with the Company. During the nancial year under review a penalty was imposed on him by the CCM for late disclosure in respect of the changes in his indirect substantial shareholdings in the Company. The penalty imposed amounted to RM60,000.00 (after reduction granted by the CCM). Save as disclosed above, Yeo AK has not been convicted of any other offences (other than traf c offences, if any) within the past 5 years and has not been imposed of any other public sanctions or penalties by the relevant regulatory bodies.
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....
shortinvestor77
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Posted by shortinvestor77 > 2017-12-07 12:25 | Report Abuse

KUALA LUMPUR: The ringgit opened lower against the US dollar this morning as the greenback strengthened on continued optimism from the US tax reform, dealers said.
At 9 am, the local unit opened at 4.0840/0870 against the greenback from 4.0730/0780 on Wednesday.
A dealer said the US dollar climbed higher on increasing expectation the US House and Senate would reconcile their tax bills over the next week or two, with the legislation ready to be signed before the books were closed on 2017.
He said markets' focus now was on Federal Open Market Committee meeting next week for the most-awaited decision on US monetary policy which they were fully expecting the Federal Reserve to raise interest rates next Wednesday by 25 basis points for the third time this year.- Bernama