RM0.835 onwards have very huge roadblocks. Today if can close at RM0.83 should be a very well done job by JCY.

The UMA to PIE: Everything also said unaware. And its share price dropped for 4 consecutive days already.
The UMA to Notion: Notion wrote a long reply to Bursa explaining why its share price deserved to be bullish. It is a blessing in disguise. From unfamous suddenly becomes famous after HLIB make a coverage for Notion by making
a buy call. Dufu and JCY follow Notion to rise.

Ooi Teik Bee (OTB):
I will invest some money on this stock based on TA because the technical chart looks fantastic to me.
I will buy big if the Q3 2024 result is very good even though the share price is higher than the present share price.
Q3 2024, Rev=189M, PAT=36.26M [EPS 1.69sen] [forecast of kkwong13]

Exactly 60 days from today (21.06.2024), we will know who is correct. Is it kkwong13 or OTB?

OTB buy big means he will make a "strong buy call" to all his 1,000 subscribers.

Still remember long-long time ago, during a lunch break, he whatsapped to all his subscribers to buy big (strong buy) for Gadang, it opened gap up 10 sen in the 2nd session.

Where is "FortuneBlooming"? Hope he has not sell all. Without he/she around, this forum very boring.

Number of trade done so far 12,751,500 > ESOS (1,900,500).

kkwong13 is like Dragon328 in YTLPOWER, the leader (captian).

All I can do is as what Calvin Tan said "Don't look at the computer screen, do some other thing, and come back in August".

Today I will ask my remisier of HLIB to transfer the profit of RM24,000 from my CTA (Client Trust Account) back to my bank account; after buying at RM0.775 yesterday. If I do not do that, I will lose back all the profit back to the share market. Thus, if JCY were to drop further, I will not be able to buy on weakness.

The longest period of time he spent was with YTL and YTLPOWER. Once YTL had broken RM1.00, he sold all.

hng33 is using margin trading. He is trading with a high number of shares in JCY and Dufu. If go down some more, he will cut. If go up a little bit, he will sell.

rr88 will make you fear, very very fearful and do panic selling.

ESOS:
(Number of ESOS listing / Number of shares traded daily) × 100
= (1,900,500 / 51,276,900) × 100
= 3.7%

There are times I am doubtful whether or not this so-called AI /DC bullrun is true or false. Look at Genting. Came out with a record net earnings. But on the next day, it opened high but slowly turns red.

But the overall market seems bad. KLCI goes back down to below 1, 600 points.

The panic selling is due to ESOS. I have calculated that it is only 1.5% of the number of shares traded daily. In fact JCY closed at RM0.895 on an ESOS listing day.

hng33 is back for JYC and Dufu. Please stay longer.

Shut my eyes press buy at RM0.775.

Thought it is a bull market. What ever AI / DC counters you tembak, also will go up. Today thought will be a better day, open straight away red. Disappointed.

@Sunnykhor, HLIB makes it compulsory for all clients to open an CTA (Client Trust Account). Clients must put a certain amount into the.CTA account, let's RM100,000 as what they call "cash upfront". If I sold my shares with a profit of RM40,000, to me, I will not use the RM140,000 to continue to trade. I may lose back all the profit of RM40,000 back to the share market. I will withdraw the RM40,000 back to my account. For this transfer, only HLIB remisier can do online via link with HLIB HQ KL. No cheques will be used. Any trade (contra gain or contra lost) will be automatic shown in the computer trading system. If I want to add capital, I have to bank in straight into the HLIB account, show the slip to my remisier and he will lias with HQ KL.

I have a very strict rule for myself, any amount of money exceeding the capital (profit), I will ask my remisier to transfer back to my bank account. If the profit is used to trade again, there is a possibility of losing back to the share market.

@FortuneBlooming: I got add at 0.80 and O.78. Then, no more bullets already. Seeing it plunge down to 0.75, my HLIB trade system shows a paper loss of around RM5,000. Fortunately, Notion leads JCY and Dufu to turn green.

Tomorrrow (20.6.24), whether Notion will trade above RM2.00 or below RM2.00 is very critical for both JCY amd Dufu. Today (19.6.24), it is very obvious the when Notion turned green, Dufu turned green, followed by JCY. If tomorrow Notion is above RM2, then JCY and Dufu will go up and vice versa.

Notion closed at RM2. Dufu up 1 sen to close at RM2.56. JCY is the worst performer today, closing at RM0.825, down half a sen. Hope for a better tomorrow for JCY.

Notion fail to break RM2. JCY and Dufu also drop back. Hope for a better tomorrow.

JCY is struggling to turn white now. Yes it did it but don't know can sustain or not.

Both Dufu and Notion are green now. But JCY still in red.

Dufu turns green. Notion and JCY still red.

Notion will fly above RM2 (can't afford already). Dufu is disturbed by DUFU-CS that will expire on 28.6.24, where the issuer (MIBB) will press down the price from going up so that they do not have to pay anything. Eddie Ong's golden touch HEXCAP recommended by Calvin Tan like not more power already. So, only can afford to add JCY.

Full reply to UMA by Notion Vtec:

We would like to clarify that the recent rise in share price could be attributed to the following key factors:-



(i) Strong Financial Performance Recovery



Notion VTec has reported positive returns in first and second quarters of financial year 2024 (“FY2024”). Our financial results have shown consistent improvement, demonstrating our resilience and effective strategic initiatives. Investors, both retail and institutional, have responded positively to our performance, reflecting their confidence in our ongoing business prospects.



(ii) Industry Turnaround



In line with technology stocks growth on the NASDAQ stock market, Notion VTec being a technology stock has benefitted from a notable turnaround of the Hard Disk Drive (HDD) and Electronics Manufacturing Services (EMS) sectors. Furthermore, in the Automotive sector, Notion VTec may benefit from the trade tension between China and the West with the recent increase in import tariffs of aluminum and steel products exported from China to the United States of America with the possibility of major customers reallocating more orders in the coming quarters.



This increase in sales was highlighted in the commentaries of unaudited quarterly financial report for the second quarter of FY2024 where we mentioned that the second half of FY2024 may outpace the first half of FY2024.



(iii) The Edge Weekly magazine article dated 27 May to 2 June 2024 may have heightened investors’ interest



Please refer to the positive comments and business outlook of Notion VTec in the said article from The Edge weekly dated 27 May to 2 June 2024 on page 22 with headlines: “Well-diversified Notion VTec seeks next earnings boost.”

Reply to UMA:

We would like to clarify that the recent rise in share price could be attributed to the following key factors:-



(i) Strong Financial Performance Recovery



Notion VTec has reported positive returns in first and second quarters of financial year 2024 (“FY2024”). Our financial results have shown consistent improvement, demonstrating our resilience and effective strategic initiatives. Investors, both retail and institutional, have responded positively to our performance, reflecting their confidence in our ongoing business prospects.



(ii) Industry Turnaround



In line with technology stocks growth on the NASDAQ stock market, Notion VTec being a technology stock has benefitted from a notable turnaround of the Hard Disk Drive (HDD) and Electronics Manufacturing Services (EMS) sectors. Furthermore, in the Automotive sector, Notion VTec may benefit from the trade tension between China and the West with the recent increase in import tariffs of aluminum and steel products exported from China to the United States of America with the possibility of major customers reallocating more orders in the coming quarters.



This increase in sales was highlighted in the commentaries of unaudited quarterly financial report for the second quarter of FY2024 where we mentioned that the second half of FY2024 may outpace the first half of FY2024.



(iii) The Edge Weekly magazine article dated 27 May to 2 June 2024 may have heightened investors’ interest.



Please refer to the positive comments and business outlook of Notion VTec in the said article from The Edge weekly dated 27 May to 2 June 2024 on page 22 with headlines: “Well-diversified Notion VTec seeks next earnings boost.”

Tomorrow can do bargain hunting bit by bit cautiously.

Notion Vtec had replied the UMA:
(1) Strong financial performance recovery, where the 2nd half of FY24 will be better than the 1st half,
(2) Industry turnaround for HDD and EMS,
(3) The Edge article.

Notion rebounded strongly. Very likely the aluminium extrusion joint venture with a China company is successful.

All in the same boat (AI / DC) got indirect negative effects. Before this, was PIE (due to AI rise) also got UMA.

https://theedgemalaysia.com/node/715729
Notion VTec receives UMA query as shares hit decade high.

https://theedgemalaysia.com/node/715729
Notion VTec receives UMA query as shares hit decade high.

Probably it will move sideway. Like what OTB said its price must be justified by a good results. 😥

Dufu has a structural co-warrant DUFU-CS expriring on 28 June 2024. I think the issuer (MIBB) will press down the price of the mother share so that they do not have to pay anything.

I have noticed the movement of both JCY and Notion. After 3 days of weekend holidays, both JCY and Notion will gap up, including Notion-WD.

All investors / punters / stockists should have at least one of the upstream (land sellers (EcoWorld), constructions (Gamuda, SUNCON), water (Ranhill), electricity and cable (HexCap) or downstream (HDD and SSD producers (JCY, Notion, Dufu), IT (SNS)).

https://theedgemalaysia.com/node/715603

Areca Capital Sdn Bhd CEO Danny Wong believed that the strong momentum in both construction and technology counters would be "sustainable", driven by the data centre craze which would benefit both upstream and downstream components.

The word used is "sustainable" and not knee jerk reaction of the glove shares one day show after US raise the glove tariff on China.

Conclusion:
JCY INTERNATIONAL BERHAD technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating JCY INTERNATIONAL BERHAD stock shows the strong buy signal.

https://uk.marketscreener.com/quote/stock/JCY-INTERNATIONAL-6500944/graphics/
Technical analysis points to bullish for ALL the short term, medium term and long term.

https://www.investing.com/equities/jcy-international-bhd
Technical analysis points to "strong buy".

I continue to be bothered by whether or not JCY produce SSD components. Finally I found it in the Annual Report 2023 (pages 21 & 22):

The non-HDD revenue from the sales of components to other business sectors, including the sales of components to the Solid State Drive, which consists of 7.8% in the financial year 2023.
SSD has been generally thought to be the next generation of digital storage technology that will
potentially replace a large portion of digital storage demand currently fulfilled by the HDDs.

@Superlimit77: I also hope so that JCY can trade between RM0.90 and RM1.00 next Tuesday to Friday. If can cross RM1 even better. So far I have witnessed YTLPOWER, YTL and KGB-WB crossing RM1.00. It is very exciting.

@orlandoW3AI:
Comeback in storage demand sees JCY international returns to black in Q3 FY24 on the back of the rise in demand for both HDD and SSD ...

JCY produce both of the HDD and SSD components.

Does JCY really produce SSD?

I watch the following you tube and find that the components of SSD are very much more high-tech as compared to the one shown in the JCY homepage.

https://www.youtube.com/watch?v=1cyMTl_QXSc

An SSD consists of a controller, which performs a role similar to the CPU in a PC, NAND flash for data storage, and DRAM (Dynamic Random Access Memory), which functions as cache memory between the SSD and external devices.
NAND is like a library that keeps books and DRAM is like a librarian who organizes books.
===============================
Then I take a look at the May 2024 Quarter Report:

Comeback in storage drive demand sees JCY International return to black in 2Q on the back of a rise in demand for both hard disk drives (HDD) and solid-state drives (SSD) …
The word SSD is there, but I think a small portion of components.

Today very obvious the bulls do not have the intention to jack up the price. After they have eaten all the sell Q, they did not increase the number of shares in the new buy Q as a defence. Thus, the bears can easily throw back the shares to the old buy Q.

I keep on looking at kkwong13's projection of the future earnings of JCY. It will be doubled by the end of the next three quarters. That means from 31 May 2024 to 28 Feb 2025. On 31 May 2024, the price of JCY was around 65 sen. Thus, by Feb 2025, it should be around RM1.30. That means crossing RM1 is a certainty but don't know when. Everyone is hoping next week. So are SNS shareholders.