How on earth did they end up in a building without the CF in the first place ? It's their building or rented ?

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.

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I only know market is not bullish about HDD price remain at the same elevated level over the long run.

How do you know that? Provide supprting facts and evidence please, anyone can make generalisations and assumptions. Eveything you have said thus far has
not been backed with facts and evidence.  iam still waiting on examples from you of the 2 companies which made 100x increase in earnings but share price did not move.

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I'm still waiting for your facts and evidence to show that OSK manipulated the price to maintain it low.    Let's not accuse unless we have facts ourselves, am I right?

Facts/Evidence:

-JCY-CD expiry on 27th Feb.
- Price tested 1.50 on Feb 8th but retraced back to 1.21 by 27th Feb (JCY-CD expiry).
-Price continues to retrace back to a low of 1.07 and last week OSK announces new warrant JCY -CE and share price slowly trickles backup.
-Refer to historical price charts on tradesignum etc please during this time. I cannot be bothered pasting it here for you.
-Also please do some research on warrants and how intistitutions hedge, your lackof knoweldge is a complete waste of my time.
 
Now please give me my 2 examples of companies that have experienced 100x increase earnings and share price has not moved. Stop avoiding this question.

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HDD prices will not maintain. This is not an assumption. If you track HDD prices before the Thai flood and now, you would know that once production for every supplier comes onstream again, HDD prices will without a doubt fall again. It may not be this year, but come 2013 HDD prices will be forced down again. While 2012 will not JCY is expanding to absorb the production capacity that will be shifted out of Thailand. This is a good way to cement it's reputation as a huge HDD parts supplier. A lot can happen in 2 years.see a serious challenge from SSD market, it is catching up and growing considerably as prices of RAMs drop. Who knows in 2013/4 what will the prices of SSDs be.

sorry these generalisations/assumptions  are invalid unless you can back up these claims with facts/ evidences/ sources.
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JCY is expanding to absorb the production capacity that will be shifted out of Thailand. This is a good way to cement it's reputation as a huge HDD parts supplier. A lot can happen in 2 years.

- A very BIG F for fail for you here and further evidence of your lack of knowledge in commenting on something you know absolutely nothing about.. JCY has already stated publicly that it intends to use 80% of the money to buy new machines. If they were shifting their production out of thailand, they dont need to buy new machines, they can simply move the machines out of thailand. And no they are not shifting anything out of thailand because their factory in Saraburi thailand sits on high ground with no threat of flooding. hence they were not impacted by the floods.

Below are facts and supporting evidence which proves you are not only wrong but do not have a clue. 

FACTS/SUPPORTING EVIDENCE.  http://www.theedgemalaysia.com/highlights/...e-19-fold-.html

"to cater for an expected increased demand from its major customers, JCY's board has approved
RM300m capital expenditure to expand its facilities in Malaysia, Thailand and China"

"Some 80% of the money will be used to buy machinery"

So I rest my case and will not be wasting anymore of my precious time because of your lackof knowledge and inability to research.