Q115 JCY EPS= 2,47 cents, Dividend payout = 1.25 cents , Dividend payout ratio =50.61%.
JCY been pay dividend every quarter since last year. If EPS up mean dividend up. WILL HUAT LATER.

1Q15'( OCT 14' ~DEC 14' )JCY reported FOREX GAIN = RM16684K. same period RM depreciate vs USD 5% . (RM3.21 FY14' to RM 3.37 FY15' AVG 3 MONTHS ). RM16684K = 3.42 % 1Q15 REVENUE.
Imagine how much FOREX GAIN will get for 2Q15' (JAN15~MAR 15) RM depreciate from RM3.30 FY14' TO RM3.63 FY15' AVG 3MONTHS. about 10% (double 1Q15')????
Forecast atleast $25000K.
Please study also JCY revenue for last 6 quarters between RM452630K TO RM487868K QUITE STABLE.If 2Q15' revenue about same as previous 6 quarter OR between above figure, EPS will increase a lots.
Why people said JCY is a bad counter!!! i totally don't understand.

Please take a look Japan YEN, EU dollar, Australia dollar , British POUND , Singapore Dollar , Indonesia RUPIAH, RUSSIA, TURKEY N ...... vs USD ANY APPRECIATE FOR 2015'??????

Ray , i said I confident JCY will GOOD 2015 n 2016, later i don't know.
you think RM will appreciate b4 2016' , i don't think so !!!!
So many reason, Japan QE , Eu QE , 1MDB ISSUE n..........

Even Seagate HDD sales for 2014' =221 mil, 1 st half 2015 =116.4 mil . DROPPING?????

From 1ST HALF 2015 WD RESULT HDD SALES 125.7 MIL VS 2014 249.2 MIL (yearly ) , DROPPING????
Seagate only forecast Q315' RESULT WILL DROP 6% , PLEASE WAIT TILL Q315 RESULT COME OUT ....OK.
Please look at whole year result not particular quater result!!!

As i know few year ago , (if mistake please correct me) Notion produce parts for NIKON, n much depend on NIKON DIGITAL CAMERA SALES.Due to smart phone have camera operation cause Nikon sales drop. Notion become loss. After that notion try other field up to now the result still NG.

From Seagate data - demand for note book & laptop cause HDD sales drop , But other area increase.
Seagate forecast Q315' might drop only 6% due to Europe sales. The reason is due to currency N business environment . Not even mention competition from SSD.
My opinion for JCY more important is qty.IF HDD PRODUCE drop 6% this year, as Seagate forecast WILL STILL fine for JCY due to ringgit malaysia BEEN depreciate more than 15% this year. Benefit for JCY . Please refer to JCY 2014' annual report pg 86.(FINANCIAL STATEMENT)

http://www.storagenewsletter.com/rubriques/financial-results/seagate-fiscal-2q15-financial-results/

Please refer to attach seagate report for Q215' the trend is almost same as WD. why problem??
Seagate & WD total about 80%++ world market for HDD!!!

If data shown drop 30%++++ , i will admit JCY got problem, n JCY MUST need to SHIFT TO OTHER FIELD.

According WD data Q314' HDD sales DROP from 63.1mil (Q214' ) TO 60.4 mil drop 9.6%. Then RECOVERY back.WHY LAST QUATER DROP 3% BECOME BIG ISSUE HERE????

DROPPING 3% problem?????

Just in mind,i don't care how high SSD sales will increase this year or future. As long as the demand for HDD still there, JCY will be no problem & survive.

Good morning bsngpg , welcome.

http://www.global.tdk.com/ir/ir_events/conference/2015/1q_3.htm

Please refer attach TDK ( the only dedicated HDD head maker) increase forecast HDD SALES FOR 2015' FROM 535 mil to 552 mil. This is the evidence HDD sales will never drop for 2015'.

I am not fight. I am confident JCY will perform well 2015' & 2016' base on WD data.
But someone comment - seem like JCY going to ' close shop ' another 6 months. Make all the JCY's shareholder nervous n panic. Some more , The Comment without any fact n data , just predict & shown his technical knowledge.
I really don't know his purpose behind his comment.

SSD been launch since 2012' - 3 years ago, sales for HDD maintain at about 240 mil++ sets for 2012. 2013. 2014 and even 2015 1st half = 125.7 mil sets,( please refer to my previous attachment.)
From WD data i can't see any sign sales decline for 2015'.
Why someone comment that HDD will decline sales n even obsolete another 6 months.?????
Base on what say that????
I think WD data is most accurate because WD produce about 43% HDD world market.

Sorry not SDD but SSD!!!

http://files.shareholder.com/downloads/WDC/4126643538x0x805254/532FED91-164F-4A2E-8229-34297883A65A/Q215IIS.pdf

Please refer to attach Western Digital Quarterly Fact Sheet for Q215' (OCT 14~ DEC 14' ) .
Revenue for HDD = USD 3888 mil , SDD = USD 187mil ( SDD SALES ABOUT 5% HDD SALES ONLY).
From the data, SDD been launch since Q312', sales increase from USD 11mil to USD187mil (Q215').All those SDD sales increase a lot ( 30%++ every quarter ). Sales for HDD not much effect . still maintain at USD3600mil ++++ .
Why worry , SDD still have big gap to catch up HDD!!!!

JCY just a component supplier for HDD, present machines & facility can produce other spare part
for other field.( if HDD sales going down or HDD cannot compete with SSD in-future.)Why so worry??? Let this problem for JCY TOP MANAGMENT TO SOLVE!!!
At present what i know is FOREX GAIN from sales . TODAY USD EXCHANGE RATE = RM3.72+++.

TDM 1H eps=0.59 cents, Q313 plantation CPO - 20% vs last year, AVG price CPO Q313' down
20% COMPARE 2012'. mean Q313' RESULT ATLEAST 20% DOWN compare last year. the best result for 13'. eps = 4 cents . pe = 24.25 times. base on TDM policy 30% EPS for dividend = 1 cent
DY=1.03 cent.
TDM future is goods but after 2015' , presently cash will use for expansion for plantation & hospital,
I will not BUY TDM now, due to above above reason, the reasonable price for me is below 75 cents.