The stock is on track to meet Target Price of 16sen this February and in fact, it could even surpass it.
Why 16sen by this February is realistic ?
Semiconductor Sales Higher in 4Q2016 and Will Continue to Ramp Up in 2017 and Beyond
As we know that JAG's operation is directly related to semiconductor sales and copper price. I bet 4QFY16 results that scheduled to be released at the end of this February will come in HIGHER than previous quarter and corresponding quarter last year.
This is based on 4Q2016 semiconductor sales of US$93 billion were 12.3% higher year-on-year and 5.4% more than the 3Q2016.
The SIA said that regionally, annual sales increased 9.2% in China, leading all regional markets, and in Japan (3.8%). All other regional markets – Asia Pacific/All Other (-1.7%), Europe (-4.5%), and the Americas (-4.7%) – saw decreased sales compared to 2015.
SIA president and CEO John Neuffer said following a slow start to the year, the global semiconductor market picked up steam mid-year and never looked back, reaching nearly $340 billion in sales in 2016, the industry’s highest-ever annual total.
Market growth was driven by macroeconomic factors, industry trends, and the ever-increasing amount of semiconductor technology in devices the world depends on for working, communicating, manufacturing, treating illness, and countless other applications.
The SIA expect modest growth to continue in 2017 and beyond.
Copper Price Remains on the Healthy Uptrend
YTD average copper price of USD2.67 is still bettering 12% 4Q2016 of average USD2.39, which it hints higher 1Q2017 net profit.
While the price is still hovering above USD2.60 even though having minor correction, JAG's net profit in 2017 should be better than FY16. So long the price can sustain above USD 2.53, the uptrend remains intact and profit margin still superior as compared to previous quater of average USD2.39
Technical wise, copper price is still on the uptrend line. We can expect the price will hit USD3.0 this year backed by economic recovery in China and higher demand for copper.
Conclusion, JAG is in better position to trade higher this month and onwards. A TP of 16sen will translate 28% potential gain in one month.
Collecting mode ON, for those miss out the boat, hungry for last chance to grab it
yeohhh don't speak so loud before the result show anything yet. anything can happen in this world be realistic and not naive . Today share drop , i also can say bad about this counter , if tomorrow good news announced i also dare to say it's too good. who so naive in this case? hahahaha
An important but bearish development took place on 20 February 2017 where the price of JAG broke the support level of 0.145. This breakout was accompanied by a higher than average traded volume which shows the bearishness of the traders to push the price lower and past this support hence pointing to a higher probability of a bearish breakout.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BabyTA
590 posts
Posted by BabyTA > 2017-02-17 16:55 | Report Abuse
top 5 most active stock, still cant move a single shit, LOL this joker stock really.