LOL. For ur info, the listing is fully offer for sale. Bcz the parent's company, MMC Corp, which is also the largest shareholder of Gas Malaysia, wants to pare down its debt level. Hence, any listing fund raised will go to MMC Corp, no proceeds go to Gas Malaysia.... Their expansion relies on Petronas, which is the only supplier of natural gas in malaysia. So, if Petronas wanna expands its network in Malaysia, Gas Malaysia will also set the pipe nearby.

I am quite familiar with Gas Malaysia as I did some IT work for them before. Based from my understanding, the expansion is not really mean pipeline network, but customer based. This is due to the increase of supply quota from Petronas on the recently signed new gas supply agreement (10 + 5 yrs if I am not mistaken) from 282mmscfd to 422 mmscfd. At the same time the demarcation of supply is now upgraded form only customer consumption below 2 mmscfd to below 5mmscfd. This will translate to more customer using gas as the current limitation for natural gas usage is demand exceed supply That's why demand more than supply and TNB always screaming for more gas for thir power plant from Petronas. If you are in manufacturing line, you will no how costly it is to produce things using other fuel and how long you have to queue to get natural gas piped to you premises.

And do remember, the portion of the extra supply will come from Melaka newly completed natural gas storage complex (gas imported from oversea and stored there before distributed), which is not subsidized. That's means it will be supplied at market price and Gas Malaysia will charge at their own profit margin for this portion.

If you look into their book, never in red since day 1. Yes, they no longer enjoying the ridiculous profit as they used to be (that's why I term it), but they are very stable and always exceed their projected profit. For you info, the staff have been getting an average of 6 month bonus for the last 5 years.

This post has been edited by bobmali: May 24 2012, 10:44 AM

This is JCY thread, not Gas Malaysia

lol, i thought jcy is technology?

What do u mean? Of course its under Technology stocks.
last few posting are sesat.. should be posted in Gas Malaysia thread.

haha..
sesat~~ i playing with aglobal now... as well as technology stock.

Erm... Down somemore Down Down Down JCY!!!

Yea..........

Hope to see JCY at 125. A good entry then?

hi zamans98,so u will enter @ 125

YES, i'm.
Did few contra, 1.32 > 1.35

In mid term can hold, as demand for HDD [JCY - not a HDD Producer remember] will still be there.

looks like good siupport at 0.875 today. the question is will it go back to the rm1 level in near term after all the downgrades from brokers?
panic selling panic selling throughout

longkang liao.

back to 50's it seems.

cant hope much with a bad review and bad earnings...maybe waiting for the highest new low

Hoping it down more so I can buy!

difficult to seek entry point with osk rating it for 0.35!!!
still making 10m profit ma, why the market is so unkind? of cpurse there are rumours that big guys r unloading. but a report says this could be the end of selling.

Looks like gaining momentum gain last friday. hope it continues into monday and right thru the cny.

On 22 Nov 2012, there was heavy selling of JCY shares of 65 mill. Since then the overhanging shares have yet to be mopped. Need at least RM50 mill to support JCY. 3 days of Accumulation are not enough. Let us see whether any corporate news which are earnings acretive or heavy speculation on Monday can continue.

WAH!!!..at least not close at 0.66..still got chance untuk Naik!!pls lar up!!

4 Weeks Range: 0.61 - 0.70 Hope to break 0.70 soon .

looks like strong support at 0.68. should see a good rebound this week? go go go !!!