now under Goreng but Goreng Downward...better becareful....wait and see...

might work the other way round...
coz laz time cimb give strong buy with TP 1.88, many go in, but later on goreng downwards..
now cimb and most research house cursing it, some even set TP as 0.60, it might ..... giv u a surprise...

This company have bright outlook. I just wondering why the report so shit this quarter...
Luckily not buy at 1 last month. Seem that the stock price being pressed down.
Need to investigate and observe more on this company only decide to invest on this stock...

This post has been edited by ost1007: Dec 3 2010, 12:12 AM

JCY, i believe tis name had made its fame among all investors, no matter young and old. instituitional players are also so keen with it since ipo, especially hong leong mutual fund, cimb and also some oversea funds.

i am considered the very unlucky one, cause i bought in last friday at the price of 0.915, and since then it had lead all the way to free flow. yes, i still keep it, since the entry price is considered low compared to its ipo price hich is only about 10 months ago.

the reason i went in is, i expect the revenue should be around 500 million, which on par with previous quarter. i never expect the nett profit will be - 22 million lost. i expect, big players will come in to give JCY a temporally fry up to above RM 1 before going down again. Yes, i admit my greed and inmature decision had lead me to this lost.

combining 4 quarters, this JCY is still making profit. BUT, ALL MAJOR INVESTMENTS HOUSES had give a red light, a very bearish red light to retail players as a IMMEDIATE TRADING SELLS. i was indeed very panic when the price drop to 0.840. but, i still hold, in the hope that once the panic selling is ease, the price will be stabled down. but, i was wrong again, as it has breached its high support of 0.790 yesterday at 2 december 2010, which the next support is 0.760.

Now, lest face this dillema of heavy sell off. let the past be the history. below are the points which i would like to point out.

1. how many technology stocks in klse with revenue of 500 millon plus at rm 0.900 to rm 1.00 ?
2. they have plants in thai, philipine, singapore, and of course 2 in malaysia.
3. will the demand of hdd obsolete due to the flash drive from apple ?
4. they have new customers from samsung and hitachi.

some said that, since everyone is so fearful of this JCY, it is also a chance for you to make a decent profit from it. but, it is a high risk gamble. make your own decision of to sell, or to buy, or to hold.

good luck.

1. revenue doesn't matter, what investors want is profit, not revenue, you can register 10 bil revenue but reporting losses, investors still dump the share. Do not judge a stock based on Rm0.90 or Rm9.00, it is the EPS the matter, NTA per share matter.
Share price low or high is not about RM0.10, or RM1.00.
Company can issue less share or consolidate share and make the stock price become higher as well.
Just like KNM recently.
or company can issue more issue and make the share price lower.
EPS is the one guide the stock price.

2. it is not a major important point

3. HDD still have years of usage, it won't obsolete, flash drive is not going to replace HDD is near future due to price wise factor.
But flash drive does pose a serious threat on HDD long term future.

4. It is about margin squeeze, not about customer or revenue.

The stock price plunge reason is simple, company make a loss, a huge reverse compared to previous Q or previous year.

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Added on December 3, 2010, 9:49 amIt is not net profit drop a bit, but a huge reverse, and little people expect it make a loss.

This post has been edited by cherroy: Dec 3 2010, 09:49 AM

wasn't it suppose to be a big player & bolehland wants it to list here instead of elsewhere
below is a cincai check, pls do ur own detailed dd. imo, its avoid until fa starts improving
but who nows, under goreng category, anything is possible & it seems doing double bottom

look at its profit/loss
http://biz.thestar.com.my/marketwatch/fin_...?searchstr=5161

are insiders selling
http://biz.thestar.com.my/marketwatch/scha...?searchstr=5161

graph is incomplete as no volume to cross check, last time can see, before hopeless chartnexus took over

After JCY quarterly loss, Notion don't look half as bad.

I suspect this loss is done on purpose to avoid paying additional dividends. Loss amount is just nice to avoid second dividend payment ( dividend policy of 50% of net profit ). I heard some rumour that Yong Yoon Kiong who holds 74% of JCY wants to take it private again since JCY has been underperformed in KLSE. Did anyone hear this rumour ? If it comes true then, there is still a hope.

If the rumour is true, what makes you think he would pay any higher if he is the kind of person that would report lower profits in the first place to pay less dividends?

I think a more believable conspiracy theory is that the share is subdued so all the call warrants issuers will earn since it is all out of money. 3 call warrants in the market, 2 by OSK 1 by CIMB. I won't be surprised if those two research houses issues SELL calls or lower TP to push down the price further so they don't need to pay anyone anything. 2 of the Call warrants will expire by March next year.

EDIT:
Added lower TPs because I noticed OSK has a TP of only 85sens in the research for JCY, compared to their strike price of RM1.75 for their call warrant. How convenient.

This post has been edited by skiddtrader: Dec 3 2010, 06:10 PM

Yeawor, thanks for pointing that out skid

does anyone remember why the owner goes for listing in the first place?
Is he paying of debts, doing any investment or CASH OUT????

i believe he has CASH OUT during IPO, billions in his pocket...

so we r left in the lurch......

Found a snippet of CIMB research on 1st Dec downgrading JCY.

"We slash our FY11-12 EPS estimates by 20-28%. In view of the murky near-term outlook and P/E compression for HDD suppliers, we cut our target P/E from 12x CY11 to 8x CY12, in line with the industry average. This reduces our target price from RM1.88 to 92 sen.

'We downgrade the stock from Outperform to UNDERPERFORM as the stock could be de-rated by these poor results. Although we remain positive on its long-term prospects, we believe a better time to revisit the stock would be 2H11,' it said."

The JCY-CA issued by them has a strike price of RM1.35 maturing in March 2011. How convenient 2H11 only they will re-look this share and re-rate.

He was forced by Najib to list that time. He still owns 74% of listed JCY, when JCY price drop he also rugi besar, better take it private.

Yes he cashed out... I remember it was RM750m masuk pocket?

Back then it was pretty obvious what he intended to do, correct me if I'm wrong. So it's hard to say we got conned or left in lurch if we did our homework

all those company that ask to list will be underperform. Eg, maxis.

think too much lio la. the fact is they reports earnings less than expected. then a q lost. so stock dive which is fair.

ask him to report a 500m profit next q then ca, cb ..., cz also fly to the moon.

This is typical scenario of Chinese Chess " Horse behind gun". I never trust bla bla specialist/expert. If the expert is so good, he/she should comment before the Quarterly Report announce! Do you know the target price revised from RM 1.88 to 92 sen is so serious to innocent buyers and investors, it just show that these kind of fellows are bullshit and useless .

This post has been edited by firee818: Dec 4 2010, 10:04 PM

No hope for the share price at least at the moment ( for this financial year ends).

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Added on December 4, 2010, 9:48 pmDepend, what about MHB!

This post has been edited by firee818: Dec 4 2010, 09:48 PM

If the company have strong fundamental, it will go up again. Just look at SAPCRES history the share price going up and down like waves...So if youa re investor, you invest in potential stock when it is low but if you are a gambler you will run when every \body run. that's what happen with JCY because the majority of share holder are gamblers!

This appeared in The Star today:
James Wong say that 'Malaysian Investor don't understand.... ???'
or he don't understand Malaysian Traders....???

http://biz.thestar.com.my/news/story.asp?f...69&sec=business

This post has been edited by rosdi1: Dec 6 2010, 01:30 PM