JCY shares slump on bleak PC outlook

Publish date: Mon, 10 Sep 2012, 11:45 AM
Shares in computer hard disk drive manufacturer JCY International Bhd fell 4.9 percent on concerns of a slowdown in personal computer (PC) sales worldwide.

JCY dropped as low as RM0.97 per share.

Hong Leong Investment Bank cut its target price on JCY to RM1.23 from RM1.58 on expectations that shares would come under further pressure from weaker third-quarter results and PC makers Hewleet Packard Co and Dell Inc warning of subdued sales globally.

The investment bank kept a neutral call on the stock, saying it does not discount the possibility of JCY being taken private at such low valuations. -- Reuters

Labels: JCY

Discussions
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mcchia

Rubbish report.

2012-09-12 19:19

Fat Cat Tim Buddy

unless there a software that can compress a 10gb++ movie into 1gb and still get the same quality, if not, digital storage will continue have huge demand.

2012-09-12 19:27

dknycom

JCY WILL GO LOWER THAN 75 - 80 CENTS NEXT WEEK.
DOWNTREND NOW....

2012-09-23 19:17

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