Last 2 days, including today no accumulation and turnover down. Looks like early month accumulation could be due to Funds re organisation of its Portfolio and the fact that its last year dividend yield is good at 6 sen per share.

Hard-disk drive maker JCY International posts RM12.8m net loss in Q3

JCY International Bhd posted net losses of RM12.87mil in the third quarter ended June 30, 2013 compared with a hefty earnings of RM105.20mil a year ago.

The hard-disk drive manufacturer said on Monday the decline was due mainly to the reduction in volume shipped and reduction of average selling prices.

JCY's revenue fell 29.9% to RM401.69mil from RM 105.14mil. Its loss per share was 0.63 sen compared with earnings per share of three sen.

For the nine-months ended June 30, 2013, its net losses rose to RM59.33mil from earnings of RM430.74mil in the previous corresponding period. Its revenue fell 30.9% to RM1.179bil, down from RM1.708bil.

JCY said the poorer financial performance was due mainly to the lower revenue and higher operating costs for the reporting quarter as a result of lower output caused by reduction in global demand for the hard-disk drives and resumption by other suppliers of the mechanical components of the HDD after the Thailand floods.

Quarterly rpt on consolidated results for the financial period ended 30/9/2013
http://www.bursamalaysia.com/market/listed...cements/1468709

Any idea is this good to buy now?

Looks like people have lost interest in mechanical HDD component manufacturer JCY even though the company made profits for 2 consecutive Q in fy2014. Share price stuck around 70 sen last 2 months. Anyone with news to share?

Striking workers in Kulaijaya torch factory building

http://www.thestar.com.my/News/Nation/2014...g-workers-fire/

800 nepal workers strike and torch building...

JCY International Bhd saw its net profit for the first quarter ended Dec 31, 2014 (1QFY15) risen 65.92% to RM50.19 million, from RM30.25 million a year ago, mainly due to favourable exchange rate and increased in sales volume.

Quarterly revenue climbed by 2.32% to RM487.9 million, versus RM476.81 million a year ago.

JCY has recommended a Single Tier Tax Exempt First Interim Dividend of 1.25 sen per ordinary share or 5% for the financial year ending Sept 30, 2015.

In a filing with Bursa Malaysia today, the multi-mechanical components producer for hard disc drive (HDD) industry, said the strengthening of the USD against ringgit has been favourable to the firm.

On prospect, the Total Addressable Market (TAM) for HDD has been steady, as the decline in PC shipments has moderated and the demand for cloud and enterprise storage remains healthy, according to JCY, which expects “the trend to be continued".

The arts of pump & dump at the highest level. Those entering during euphoria will experience the destruction of wealth.