JCY's net EPS for y/e Sept 2009 is 0.10cts. Its issued capital 2,044,860,000 shares of 25 cts par value.
Roughly, you are able to make an educated guess as to how much it is worth. CIMB has indicated a market capitalization of RM3 to 4 billion.

Its IPO price should be around RM1-50 implying a PE ratio of 15 times. How high can it climb post listing?

This post has been edited by Oracles99: Dec 21 2009, 11:12 PM

Thanks for the information. I as wondering which company was that. Well, a lesson to those who like to employ foreigners.

maybe it will only show out in the next quarter. But it is no big deal. This tech business is cyclical

Lots of conflicts of interest - UBS AG and CIMB were the joint managing underwriters and bookrunners for the IPO

I take CIMB's report with a pinch of salt.

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CIMB is getting JCY for public listing @ $2.00, in the same month Feb2010 CIMB issue call warrant with a strike price @$1.35

every uncles and aunties know this, sohai buy shares reading FREE reports written by highly paid analysts funded by IB who thinks you all deserved it.

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You are right.
That not only happened here. It happened in S.Korea some time ago. Well, the US IB, also a manager in the IPO ( I have forgotten the name) also wrote glistening recommendation on the stock. However, 2 months after listing, the same US IB, issued a sell recommendation.

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[The company also didn't take any action to prevent the share price drop further.... no buy back.

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Why should they take action to prevent the share price from dropping? After all, the IPO is for majority shareholders to cash out and those who applied for it are the buyers. As I have said, IPOs today are far different from those of the 1980s. IPOs nowadays are priced as high as possible n investors have to take high risk.

Now that it is below $1-00 it is probably less risky to buy and hold.

This post has been edited by Oracles99: Aug 30 2010, 08:18 PM

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You should put it this way. You will probably lose less if the company goes bankrupt

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Ha,ha,ha, I am sure it won't go bankrupt

JCY is in the export sector. The recent rise in MYR means that JCY's USD earnings will be impacted when translated back to MYR. In the near term, I do not think it can go up to RM1-90. Maybe only CIMB thinks so.

A useful insight. Technology changes so fast. JCY business is volatile and unstable.