JCY turns over 1 billion in revenue each and every year.

It has reported losses over the last financial year but the cash stockpile continues to grow at nearly 300m (that is 50% of its Current market capitalisation of 600m!)

The company just made significant MA to diversify into auto with synergy to scale up quickly.

The hdd sector is on a uptrend/up cycle as proven by WD where 90% of jcy revenue comes from.

It’s much smaller peers with 5 times less revenue and nearly no cash stockpile has the same if not more market capitalisation and share price Is 5 to 12 times more then JCY.

Share price should surpass 1 rm + based on all the above.

https://www.theedgemarkets.com/article/looks-jcy-comeback-trail

To recap, JCY being a one-stop solution provider for the four key HDD mechanical components — base plates, top cover assembly, actuator pivot flex assembly and antidiscs — is the key strategic supplier to Western Digital (about 90% of total revenue) and Seagate (about 10% of total revenue).

WD results out today (Main customer of JCY).

We expect an accelerated recovery in our flash gross margins, which coupled with ongoing strength in demand for both hard drives and flash, positions us well for continued profitable growth in calendar year 2020.”

https://www.google.com.au/amp/s/www.barrons.com/amp/articles/western-digital-stock-earnings-outlook-flash-memory-51580423471

Very Interesting. 99% of jcy production is in Thailand and malaysia. They should benefit greatly from this.

How much revenue notion and Dufu earn each year versus jcy? these small fry share price is 1.26 and 4.1. Dufu trading at PE x 49 yet Goliath Jcy price is .31 PE is 4.5. Just a matter of time before price will catch up to fair value with peers.

Dangerous to buy or hold this counter now. Share price fully controlled by may bank and RHB. Each day they buy and sell to each other to create volume and to make price up and down in a tight range to lure noobs to buy their warrants. Together they have issued 5 warrants on jcy with lowest exercise price .72 and expiry August 2016. Any price over .72 by August means they must pay out on the warrant so they will make sure price is under .72 by August. Impossible for price to reach rm1 now.

Faye, what about the tax free status exemption extension?

Based on current price .89 JCY PE ratio is 8. Unisem current PE ratio is 13! JCY still got a long way to run up.

Agreed with banker. Dividend alone is instant 4% return for this quarter alone based on current price. Usd appreciation stating in December due to fed starting rate hikes. No reason for the sell down other then accumulation by fund/ shark.

3+ sen div is nearly 4% instant return for 1 quarter alone on current share price! Together with the big profit announcement and further appreciation of usd in short to medium term, share price should reach 1.20 in few months.

Hitnrun, the fact that you are worried means you have no understanding of the products your supposedly employer sells. I would fire you myself.

No, Solid-State Drives Are Not Going To Kill Off Hard Drives

http://www.forbes.com/sites/ciocentral/2012/08/02/no-solid-state-drives-are-not-going-to-kill-off-hard-drives/

That is common sense. Ssd will process faster yes but as a mass storage median it's still 6-7 times more expensive. No doubt ssd demand will pick up over time but until it gets cheaper, hdd is still more cost effective as a storage median. You are not the first person beating the same sunset industry drum and chanting the same arguments that the market already knows since Jcy was listed 5 years ago.

Yet the company continues to turnover 2billion in revenue a year and built a cash pile worth 200m+. As recently as 2012 during Thai flood, the price of hdd almost doubled due to impact to supply. I don't disagree with you that ssd demand will grow, but it will not kill market overnight so why pee in your pants about something that may not happen for 10 years as per your article.

Any technology will go through attrition over time, whether it's it's hdd or ssd, something else will takes its place but it's a question of time.

Jcy supplies about 90% of its products to WD. Now that WD have bought Sandisk, what do you think jcy are going to do? They are sitting on 200m+ in cash and that pile us just going to keep growing.

First rule of business, give the customer what they want. Don't be surprised if Jcy is already looking around for a ssd component maker to buy! No business with this scale and size sits around to become dormant. It's the easiest why to grow and diversify and they have cash to do it.

Even if hdd sales stagnant, they just need to keep reducing cost to increase profit, which is what they are already starting to do. This is a company with 2billion in revenue a year. It has already conered the hdd market. Once it diversify into ssd components, it's going to be a different company.

What you said about hdd being a bottle beck makes no sense. If you are talking about playing a hd movie from a file that you have saved, there is no difference between ssd and hdd other then a slight increase in speed when the movie first loads, otherwise the movie plays at the same speed. This is why hdd are still used in graphic intensive game consoles like Xbox and PlayStation which mind you all play high def files.

If you are talking about streaming high def movies online, then it's totally irrelevant because the speed at which you stream/download the movie is determined by your internet speed not whether you are using hdd or ssd. It doesn't matter whether the movie is stored or hosted in a hdd or ssd array, your streaming/download speed is confined to your internet bandwidth. Nothing to do with hdd or ssd.

Ssd has been around for a long while and is not the next generation storage median. Think 15 years ago with digital cameras, they all had a ssd card in them. It's just they have been too expensive to be used as mass storage and still are at 6 to 7 times the cost per g. Prices have come down but storage needs have also grown with online demand like cloud. More money needs to be spent to drive down the ssd price further and make them more resilient to rewrites.

The next generation of storage will be laser type storage, but like ssd too expensive to mass produce unless more investment is pump into research.

Not forgetting the company consistently turnover close to rm 2 billion a year in revenue so the potential to increase net earnings through cost savings is huge.

Cipapo=Your friend Raymond? Btw in your calculation you have not accounted for the savings after workforce reduction through automation. Drop in work force reduction from 18000 to 17000 is about a 5% saving which equates to 22m per year in savings as per uob report. 22m minus your yearly wage increase of 11m and they are still ahead by 11m in cost savings even if wage increase. They are aiming for another 25% to 30% reduction so the potential cost savings is tremendous.

Raymond, Why worry about something that's not going to happen for another 10 years. Who is stupid enough to buy a counter and hold it for 10 years. As long as earnings remain good for another 3-5 years that's more then good enough for investors. Jcy is sitting on a 250m pile of cash, pays one of the highest dividend yields and conditions are ripe for an exponential profit announcement in 4 weeks.

In fact ssd itself has not been doing so well that is why Sandisk sold itself to western digital.

http://www.techfact.net/sandisk-became-a-potential-target-for-rivals-due-to-its-struggling-says-analysts/

You are forgetting that Jcy workforce are spread across Malaysia, Thailand and China. Also if you read the uob report , they have reduced their total global workforce down to 17k since the start of year through automation. They plan to reduce the total workforce by further 30% within next 3 years. Noting that a 5% reduction in workforce number translates to net saving of 22m per year as per report. Malaysia minimum wage will not have significant impact.

Good detailed report from UOB KayHian Conference with JCY on 15/10/2015

Buy Call with Target Price RM 1.08

https://42.156.32.166/cgi-bin/getReport.py?id=6db94a03-523f-47e3-8ee0-a12a777b1d7e

coming quarter results is for reporting period ending 30/09 and earnings would have been locked to exchange rate on that day at.4.46

The following quarter result is for period ending 31/12 due to be annouced in Feb 2015. By then, the US FED would have started raising rates which will strengthen/appreciate USD against the ringitt. JCY sales are all dominated in USD.

Exponential profit of 100m for Q4 due to be announced in 5 weeks, upside in sales growth from China buyout of WD and coming US Fed rate raise. All 3 catalyst should easily propel share price past RM 1 even if ringitt stabalises.

No need to have sour grape. Just wait patiently for result announcement in 6 weeks. Last 3 quarters the earnings of 133m move the share price to a high of .81. Coming result of 100m is a 200% increase in net profit from last Q and will bring total fy15 earnings to 233m. should easily crack the rm 1 barrier after result announcement. Btw good analysis banker.

Faye - the 2.5 sen dividend is confirm as well?

Even resorting to making up positive media article now. What a joke. No need to get restless. The price will limit down in open tomorrow.

Some very desperate comment from some very desperate shareholders. First want to say profit increased by comparing to quarter earning 1 year ago, then try to justify 40% drop in profit by saying all due to forex loss. But wait the ringgit has been declining for the last 6 months and jcy sell product in USD!

The fact of the matter is the profits have dropped by more then 40% from the last quarter. It doesn't matter if the company pay 1.25 sen dividend or even 3 sen dividend. The share price will plunge and it makes no sense for investors to buy the counter for 1.25 sen div when they are likely to face 20+ sen capital loss on the share price. Why worry?

foreign funds will start disposing soon because of possible capital control if ringgit drop anymore. There are more then 100m shares held by foreign funds. Don't be surprised if price drop to .40 range in the coming months.

the directors starting to dispose already say alot....

UOB analyst? 2 UOB report come out within weeks of each other and latest one expecting weakness coming Q result but with same TP. I think like UOB you already know the result already. It will be at best not much improvement from last q. Then after result is announced, our UOB friend can issue another report to say the result not as bad as we expect and therefore it above our expectation...TP RM6!. Fantastic excitement come and buy your jcy from us at high price which we collected at lower price. Then watch the price fall like a rock again. good setup to burn the small frys. But some need to be burned to learn.

Ma rumour has been around since listing. Nothing new. Let's see... UOB issue report with target price rm1+ followed by Rhb report target price .815 and then suddenly a few days later in sinchew rumour appear of MA story again. What a perfect share distribution strategy.

Then new stories will emerge from the company and market to stimulate the share price in the short term until price falls again and cycle repeats again. There can be no long term share price gain without innovation and long term growth plan. The company was listed 5 years ago at 1.60 and over 5 years the price limping between .50 and .75. 5 years is more than an accurate indication of where this company is heading.

Patience on this counter has cost many vast amounts on money over the years. This is not the kind of counter you buy and hold. Son, the truth of the matter is this company manufactures mechanical components for a dying sunset industry. The mechanical age is coming to an end and being replaced by the digital electronic age. Ie ssd. Companies you buy and hold are the ones with growth and innovation potential with long term growth strategy. This one has nither and if not for forex gain will be in deep shet already. So yes maybe it will make less or the same for coming quarter but a closer look at the amount of forex gain will tell you it is actually in deep shet as well. Eventually the sales will keep going until even the forex gain can no longer sustain earning.

A company dependent on forex gain to sustain their earnings is a doomed one.

You conveniently forgot to mention WD price dropped from $115 to now $78 within the space of 6 months. A nearly 40% capital loss. You also forgot to mention Seagate in the same boat with a current PE of 8.3 and capital loss of nearly 40% on the share price in the last 6 months.

The stories on Jcy have been told to death. Even the company claim on automation to reduce costs has been spun since listing. Every year countless newbies like you repeat the same cycle. you think the institutions so nice issue reports to help you make money? The report is for them to profit by distributing to people like you at high price. Guess what happens when their profit is made...unwind, unload = price fall like rock.

The same story seem to play over and over again every year and price end up dropping back to .60 or .50. The company pay whatever div in the last few q does not mean it will pay the same or more in the next few q. Also to buy at a high price now and risk capital losses of 30% or more to make 5% or so on div is absurd. WD and Seagate profit waning and share price falls in the last few months tell the whole story already.

Q1 and Q2 was not 1.5 sen div. spruikers like to tell tall tales. Price will come down sharply soon when no one except Rhb buying their own shares to sustain price. Easy come easy go. Smart ones will use this opportunity to take profit before that happens.

faye, what do you expect following Q profit to be?

Mr Lohman did you survive the selldown or you gave up? Do you and your MD friend know what is about to happen?

Yesterday the second number in the volume used to wack down was 7. Jan is very important. Exciting exciting new year. Haha

second number 4 and third number 8.

haha. I know what you know ;)

cannot be the major holder as he already own 75% and cannot exceed this according to bursa rules. Also no point for him to take private as most the profit already go back to his own pocket as dividend. (eg last financial year= 4 sen dividend x 1.5 billion shares, you can do the maths). This is the work of a fund.

the same shark is the one throwing small unit (usually before close each day) to keep price low for accumulation. This is quite obvious if you watch the buy/sell que and price movement each day. The shark cannot keep the price low forever and have to let it run back up after they are done collecting in order to profit. With a bumper profit coming in next quarter announcement, my guess is the shark will be done by mid Jan and we should see a rally before the CNY.

How big is the profit for coming quarter?

4th QUARTER RESULT
Revenue: $462.8m
Profit: $26.7 million
Dividend: 1 sen
-------------------
FULL YEAR RESULT
Revenue: 1.86 Billion
Profit: 123.4 million

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1806869

Price will not move much until after result announce. Shark have put a block on price waiting for result and dividend outcome. Before then each time price try to move up , it will be knock down, often near close each day. Volumes / price should surge after on/after Friday after q earning is proven.

Yes I realize that. The comparison was simply to illustrate a point that jcy is undervalued now. Iam not suggesting that jcy share price should be 10x notion current share price.

USD is only small factor. Their sales increasing due to cloud and enterprise growth but most importantly, they are using their size/scale/pricing to kill off their competitors who cannot compete on pricing because they are smaller. For example you look at notion last 3 quarters = -17 million loss. JCY last 3 quarters = 95 million profit and combined with coming quarter profit of 30m+ , you are looking at profit of 125m+ for the year (btw faye insider info is always 100% correct, you can check her previous postings against reported earnings for the last few quarters, espeically the last quarter when she said Q3 was going to be less then Q2) People do not realise JCY is the largest HDD component maker in the world and turning over 1.5 billion in revenue each year for the last 5 years without fail. Let me put it into perspective:


JCY -
last 3 Quarters Revenue = 1,404,764 Billion
Last 3 Quarters Profit = 95,194 Million Profit
Current Share price = .545


NOTION -
Last 3 Quarters Revenue = 144,097 Million
Last 3 Quarters Loss = -17 million Loss
Current share price = .48 (deemed fairly valued by RHB http://klse.i3investor.com/blogs/rhb/62562.jsp )


JCY revenue and profit is 10 x more then Notion for the last 3 quarters yet the share price is almost the same? And Notion share price is deemed fairly valued by RHB? This is why I say you should not wet your pants Mr lohman because JCY share price will make a strong come back, its only a matter of time.

So if you knew that why have you incurred such big losses? since 4th Sept, how much has the price fallen again? so was that statement not true at the time? Can you ask MD Tan to sell all his shares to bring the price down further so I can buy more please. Both your losses are my gain.

Yes and back then the share price was about .70 when you kept pushing million/billion dollar stories to convince forumners to buy at that price when I said the price was going to drop. I was right about the share price dropping. Do you think the share price will magically spring back straight away after a severe and sudden unexplained sell down? The market is freightened now (see the small volume lately) and the counter needs time before it recovers. The fears will only be allayed after the company PROVES its earnings to the market with its coming Q result announcement. Only then will you see funds coming back.

the fact of the matter is you are the one currently holding big paper losses because you did not heed my advice about the price dropping back in Sept. I have only just started accumulating and to be frank with you, I dont mind for it to fall further so I can accumulate more. But you dont need to wet your pants because it will recover beyound .70 in the short term. Just sit and watch patiently to see if Iam right again.