Seagate and WD shares are going up again. Will JCY follow ?

Dknycom: stop misleading the troops

Business is bad. Market is very bad. Consumers are holding back PC purchasers and overbuilt inventory

Market is really bad for HDD now. Orders are down. Competitors are back. I think it's game over for JCY rally unless HDD Orders picks up

The HDD market is really soft right now. Be careful.

Major JCY share holder owns 75% of JCY. If he wants to take it private, he can take it at the lowest price and all minority shareholders will lose. What can the minority share holders do to protect their interest ?

Any more Call warrants coming up ?

When call warrants are issued the last time, JCY mother drop like rock!

Profit taking

The break everyone is waiting for. Gogogog

So many different news... Confusing...(Reuters) - Seagate Technology Plc's shares fell as much as 8 percent on Tuesday, after the hard disk drive (HDD) maker projected first-quarter revenue below estimates on slowing sales of personal computers.

The company has been hit by slowing economic growth and shaky sales of PCs as consumers shift toward tablets and smartphones.

FBN Securities cut its price target on Seagate's stock to $32, saying selling prices had started to decline from their peak levels after the Thailand floods last year and inventory had started rising.

Seagate's weak outlook follows an upbeat fiscal 2013 forecast from rival Western Digital Corp, which is banking on strong sales to big businesses.

The company forecast first-quarter sales of about $4 billion, below analysts' estimates of $4.62 billion, according to Thomson Reuters I/B/E/S.

"Our checks continue to show caution from PC vendors while the industry is still going through major product transitions," Barclays Capital analyst Ben Reitzes said.

Reitzes, however, raised his price target on Seagate's stock, saying the company represents a good investment in the longer term as it has raised its dividend and has said it will buy back shares.

Shares of the company fell 8 percent to $27.90 in early trading on the Nasdaq on Tuesday. The stock has dropped 7 percent since touching a life high of $32.55 on May 1.

Poised for higher upside as technicals are bottoming up
JCY is expected to trend higher as its biggest customer, WD’s share prices rallied 21% in the wake of a robust 4Q12 results and delivered a positive FY2013 outlook. Meanwhile, its 2nd largest customer, Seagate share prices also soared 13% ahead of its 4Q12 results on 30 July.
Technically, JCY is grossly oversold and we see a good chance of technical rebound soon as daily technicals are on the mend. Immediate upside target is RM1.50 (mid Bollinger band). A breakout above RM1.50 will spur prices higher to RM1.60 and RM1.63 (upper Bollinger band). Cut loss below RM1.34.
Source: Hong Leong Investment Bank Research - 27 July 2012

Good finish today

JCY may reach new heights like Seagate and WD

WD & Seagate reported impressive results and analyst finally agree HDD is a profitable business. Will they look the same to JCY or is the price going to continue to be pressed down....

Orders dropped. Competitors are back.

Guys. Be prepared. HDD market slowdown. Inventories at hubs are at a very high level. Seagate announced they missed they quarterly target in drive shipment and revenue.

Thanks Bro Usry

Bro Usry. When is the listing date ?

I think the cowboys need to buy to accumulate more bullets

HDD industry CAPEX to make 100 million units of 1TB HDD storage is USD2.5Bn

FCTB. He meant if SSD wants to replace the entire HDD market as the next gen mass storage solution, the industry needs to spent USD500Bn. This is reasonable since Samsung spent USD12Bn just to make NAND flash memory enough for 7 Million units of 1Terabyte HDD storage using the latest 24nm technology. And HDD ships 650milliom HDDs yearly. You can do the math.

No joke it is correct. It will cost the industry USD140Bn to build enough capacity to just replace the lost capacity from the Thai flood. Which is why we saw SSD failed to replace HDD during this critical shortage

Right. They should sell their other counters and put them in JCY

Coming back up

Looks like the battle is on

Kent Lee... Why you sell all if you think it will
Fly some more tomorrow ?

I smell the appetizer coming.....

No reason why the Q2 result won't be better than Q1 since all JCY competitor are still not up and HDD shipment volume increased 25%.

Why is this site still showing target price of $1.22 ? Who updates this ?

Jjtrader. Nice one

Possible...

Today volume is very slow.... Resting for next run ?

Volume jumping up again

JCY volume is huge today. Institution starting to buy ? Anyone can check and confirm ?

Volume up. Hold on to your JCY mother shares

Remisers are asking people if they would be willing to sell their JCY shares... What does this mean ???

Totally agree with Usry and Yew Kian. Only buy mother share

Does Bursa have any restrictions on the number of call warrants ?

In 1Q2012, Seagate shipped 61million HDDs vs 47million in 4Q2011. Big jump. Guess who got most of the incremental share ?

JCY share the same fortunes as Seagate where their plants are not affected by the flood like their competitors and both are taking share significantly. In the flood quarter, JCY profit rose 20X

for those who have not followed Seagate, Seagate's last quarter results has exceeded their previously 1 year performance in terms of net income... net imcome improvement of 5X!!!! I can only see JCY to mimic the same or better

today's news - Seagate reports latest quarter results....
CUPERTINO, CA – April 17, 2012 – Seagate Technology plc (NASDAQ: STX) today reported financial results for the quarter ended March 30, 2012. The company reported revenue of $4.4 billion, gross margin of 37%, net income of $1.1 billion and diluted earnings per share of $2.48. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported net income of $1.2 billion and diluted earnings per share of $2.64.
The company generated approximately $938 million in cash from operations, paid cash dividends of $112 million and used approximately $1.1 billion to repurchase 43.1 million shares of common stock and for the early retirement of debt.

Like I said earlier, as the flood recovery happens, the volume and revenue will only climb higher. Look forward to JCY's results.

IDC expects HDD industry to record year-over-year unit shipment growth of 7.7% in 2012

Following two major disasters, worldwide hard disk drive (HDD) unit shipments declined year-over-year by 4.5% in 2011, according to International Data Corporation's (IDC) 'Worldwide Hard Disk Drive 2012-2016 Forecast: The Industry Hits the Reset Button.'

If the HDD industry has hit a reset button, only means JCY is set to gain... Historical results cannot be compared anymore... My 2 cents

Thanks Lamken. Keep the news flowing

Lamken, any update on Seagate acquiring JCY ?

I'm curious. The timing of the warrant and JCY Buyback AGM is done so precise timing. Is this a plan between JCY major shareholder and OSK ?

Anyone can explain how this new call warrant works ?

Lam ken, please add me too. Ahyeo@hotmail.com

Funny. Market sentiment is up. Yet JCY down