Posted by stocker > 2014-02-10 09:24 | Report Abuse

TP RM1

Posted by Pj Chong > 2014-02-10 09:28 | Report Abuse

Good!!!

Posted by iafx > 2014-02-10 10:01 | Report Abuse

rocks~~

Posted by feifun > 2014-02-10 19:19 | Report Abuse

semic cond and tech ind are improving

Posted by arv18 > 2014-02-10 19:20 | Report Abuse

making losses regularly bro....

Posted by chrisho87 > 2014-02-11 10:01 | Report Abuse

1.3

Posted by faye62118 > 2014-02-11 13:36 | Report Abuse

it will go past RM1, just a matter of time. source tells me they are getting massive orders from Western Digital and Seagate due to China lifting ban on game consoles (Xbox, playstation, Wii etc). What do all the Game Consoles use for storage? you guessed it, HDD.

Posted by faye62118 > 2014-02-11 13:37 | Report Abuse

http://www.ft.com/intl/cms/s/0/1ffe5fac-7779-11e3-807e-00144feabdc0.html#axzz2szKC8V8b



Last updated: January 7, 2014 6:51 pm
China ends ban on foreign game consoles

By Tom Mitchell in Beijing
The Xbox One console is displayed on the final day of the E3 Electronic Entertainment Expo, in Los Angeles, California©AFP

Microsoft, Nintendo and Sony have finally gained the chance to enter China’s multibillion-dollar video game market, after the Chinese authorities lifted a 14-year ban on the sale of foreign-made consoles.

When it implemented the ban in 2000, the Chinese government had cited concerns about harmful effects that violent video games might have on the country’s youth. But the relaxation of the measure, which was formalised on Tuesday, will allow foreign-invested enterprises to ship their products into the country from factories in Shanghai’s new free trade zone.


Despite the restrictions, Microsoft’s Xbox, Nintendo’s Wii, and Sony’s PlayStation consoles became available to buyers in China, as many units were smuggled into the country. In 2012, Lenovo unveiled its own home entertainment console, which it marketed as a family exercise device or “sports machine” to circumvent the equipment import ban – the device was initially priced at more than $600, twice the cost of a comparable Xbox.

The ban also failed to dent the rapid rise of PC, internet and mobile gaming in China. Tencent, China’s most valuable internet company, now makes more than half of its $6.9bn annual revenues from gaming.

Together, these activities feed a total Chinese games market estimated to be worth $14bn annually.

Most of the world’s most popular consoles are already made in China – by contract manufacturers, for export. Such operations offer another potential source of leakage into the market.

However, the requirement that overseas manufacturers must base factories in the Shanghai free-trade zone means they cannot simply redirect their current output to China’s domestic market, and take advantage of existing economies of scale.

In September, Microsoft said it would establish a $240m joint venture with BesTV, an arm of the state-owned Shanghai Media Group. The two companies intend to produce “family games and related services”. BesTV’s Shanghai-traded shares rose more than 8 per cent on Tuesday.

Nevertheless, analysts noted that the Chinese State Council had said the ban’s suspension was “temporary” and consoles manufactured in the zone would be subject to “content examinations by cultural departments” – both factors that could dissuade foreign investors from risking their capital there.

“China’s game console market is virgin territory,” said Zhang Yi, head of iiMedia research. “But lifting the ban is like ice melting – it won’t happen overnight. There are still many obstacles. The most important one is approval from cultural departments.”

The liberalisation also highlighted the piecemeal impact of Shanghai’s new trade zone, the establishment of which was originally likened by its proponents to the rise of special economic zones in the early 1980s under Deng Xiaoping to kick-start China’s reform and opening programme.

Some of the zone’s backers had held out hopes it would bring big-bang reforms ranging from an opening of the country’s closed capital account to relaxation of strict internet censorship.

Additional reporting by Wan Li
Related Topics

China trade,
China,
Microsoft Corp

Posted by smartcat > 2014-02-12 19:50 | Report Abuse

fly liao..fly liao

Posted by Poh Jie Ai > 2014-02-14 10:57 | Report Abuse

go go～

Posted by Andrewkhow > 2014-02-14 14:05 | Report Abuse

$1............go go go

Posted by tasoke > 2014-02-14 14:25 | Report Abuse

sure above rm1, base on stop lost rpt coming soon

Posted by Andrewkhow > 2014-02-14 14:46 | Report Abuse

HDD is good now china market open for game use HDD growth up unexpected....

Posted by lling_er > 2014-02-14 15:27 | Report Abuse

RM1 coming soon...........^_^

Posted by faye62118 > 2014-02-16 16:10 | Report Abuse

Not only china market open up but demand for cloud service infrastructure also exploding. Cloud service provider data centres use HDD for storage because SSD is still 10 x more expensive. Very good times ahead for JCY.

http://www.eweek.com/cloud/ibm-invests-1.2b-in-cloud-infrastructure.html


IBM Invests $1.2B in Cloud Infrastructure


By Darryl K. Taft | Posted 2014-01-16 Email this article Email Print this article Print



IBM announced a $1.2 billion investment in its cloud infrastructure, targeting 40 data centers in 13 countries. IBM has pledged to commit $1.2 billion to significantly expand its global cloud footprint, beefing up its SoftLayer infrastructure and other components.

Big Blue said the investment includes a network of cloud centers designed to bring clients greater flexibility, transparency and control over how they manage their data, run their business and deploy their IT operations locally in the cloud.

In 2014, IBM plans to deliver cloud services from 40 data centers worldwide in 13 countries and five continents globally, including North America, South America, Europe, Asia and Australia. Among the newest IBM cloud centers to launch are Washington, D.C., Hong Kong, London, Toronto, Japan, India, China, Canada, Mexico and Dallas.

This global expansion is aimed at accelerating into new markets based on growing client demand for high value cloud. With this news, IBM now plans to have four or more data centers in all major geographies including Europe, Latin America, Asia and the Americas with plans to expand in the Middle East and Africa in 2015.

Posted by Andrewkhow > 2014-02-17 00:44 | Report Abuse

No body knew that..target $1...

Posted by feifun > 2014-02-17 20:41 | Report Abuse

steadily moving up

Posted by Devil86 > 2014-02-19 07:01 | Report Abuse

hope that it keep in the raising trend

Posted by Andrewkhow > 2014-02-19 07:49 | Report Abuse

What for today....good news

Posted by Tipper > 2014-02-19 12:44 | Report Abuse

Surely good news; price will shoot up to above 85cts.....

Posted by chrisho87 > 2014-02-19 13:11 | Report Abuse

when

Posted by Tipper > 2014-02-19 13:12 | Report Abuse

By this Friday loh !

Posted by Andrewkhow > 2014-02-19 13:20 | Report Abuse

Where u got this info ? Max up to 0.77 can't go up leh

Posted by Tipper > 2014-02-19 13:28 | Report Abuse

U see lah n talk again on Friday

Posted by Andrewkhow > 2014-02-19 14:00 | Report Abuse

Wow wow...we wait to see today first....but I know market for HDD as normal...not like rocket as previous ...anyway support for above 0.80cts

Posted by chrisho87 > 2014-02-19 14:35 | Report Abuse

TiPper BOLEH NA|K RM1

Posted by Andrewkhow > 2014-02-19 16:58 | Report Abuse

Tipper...look like good sign.... Hope u are rite coming

Posted by Tipper > 2014-02-19 17:03 | Report Abuse

Watch out for announcement soon!!!

Posted by sage > 2014-02-19 18:05 | Report Abuse

Q1 result just out. Faye your info very accurate. 30m profit and revenue increase by 100m from last quarter. Will be huat year for jcy this year!

Posted by Devil86 > 2014-02-19 19:14 | Report Abuse

harddisk demand now is quite high, even cloud system still require harddisk to store data..... furthermore heard china open market for gaming something require harddisk to suppoort

Posted by feifun > 2014-02-19 20:27 | Report Abuse

with dividen somemore, very potential to break RM1

Posted by byrop > 2014-02-20 09:30 | Report Abuse

A cut from the Quarterly report on the increase in revenue - "The Group recorded a revenue of RM442.6 million for the reporting quarter,an increment of 26.5% compared to previous year's corresponding quarter. This was due mainly to the higher quantities shipped, better average exchange rate of USD against Ringgit Malaysia and improved Average Selling Prices ("ASP") in the reporting quarter."

Huat a lot this year!!

Posted by nighthood > 2014-02-20 09:43 | Report Abuse

Finally JCY is back into the black!

Posted by Andrewkhow > 2014-02-20 10:02 | Report Abuse

What is target price $1 .

Posted by Win_ling > 2014-02-20 10:53 | Report Abuse

Jcy good result, why the price not raise one?

Posted by speakup > 2014-02-20 10:56 | Report Abuse

jcy share already rise from low of 55 sen last december. insiders bought because they knew good results coming. now they sell when news out.

Posted by speakup > 2014-02-20 10:57 | Report Abuse

jcy classic case of insiders having privilege information.

Posted by speakup > 2014-02-20 11:18 | Report Abuse

same thing for unisem. insiders have pushed up the share from low 80s to high 1.00 now. insiders already know results will be good. when results out, insiders will sell.

Posted by Win_ling > 2014-02-20 11:39 | Report Abuse

Thank you

Posted by sage > 2014-02-20 11:44 | Report Abuse

This is normal profit taking (buy on rumour sell on news) and price will go back up.
Insiders will not be that stupid to sell now. Results for Q1 covers Oct, Nov, Dec 2013. China lifted Game console ban in mid January 2014 and IBM announced 1.2 billion spending on data centres around the same time. Which means increase in HDD orders/demand have not even started to reflect in their earnings yet until from next quarter. Expecting their earnings to grow even more from next quarter.

Posted by Andrewkhow > 2014-02-20 13:14 | Report Abuse

Saga...you are rite as statement Further more...Q1 result based on USD$3.05-$3.1 current Jan-Mar Q2 result will based on USD$3.2-$3.3 profit will more and more..compare with Q1.further more JCY business looking better..sure continue to growth up..I believe today will come back green side....

Posted by sage > 2014-02-20 19:38 | Report Abuse

While some taking profits today, the directors buying even more. Check out latest announcement today.

Posted by faye62118 > 2014-02-21 07:50 | Report Abuse

sage/andrew that is correct.


http://nexttrade.blogspot.com.au/2014/02/jcy-brighter-prospect-ahead.html


We can see that top-line, bottom-line & profit margin are all rising. More importantly, the 4-Q PBT & NP margins are both positive. All these positives were present in 2011 when JCY had a sharp rally from RM0.40 to RM1.60. The same may happen today.

JCY is poised to enter into its next upleg. The share price has just breached the line connecting the reaction highs (B-B1) at RM0.72-0.73. Its immediate resistance will be the horizontal line at RM0.90 and beyond that, we have resistance at RM1.00 (psychological level), RM1.05 & RM1.40.

Posted by bankertan > 2014-02-21 20:41 | Report Abuse

Profit taking only small reason why price not moving up much since good Q1 result announced. My contact in the equity dept in RHB/OSK tell me they have been blocking the price from going up to collect and when they finish collecting then they will stop blocking and let price resume uptrend to profit.

This why RHB release report yesterday to market they ceasing fundamental coverage on JCY because the real fundamental of JCY is too good it will contradict their technical report release today which they using to block and press price (under "heard lines" and "News and Reports" on this page to see the RHB reports). In technical report RHB ask market to liquidate if price stay below .75. That why they have been selling price down under .75 so market can liquidate and they collecting back at lower price. This why RHB pressing price down to close at .745 yesterday in preparation for technical report release today.

The price will eventually resume the uptrend but only when RHB/OSK have collected enough. RHB have to profit first before market can profit. my contact tell me alot of the counters cover by RHB/OSK in their fundamental and technical reports is also control in the same way to make sure they always profit first.

Posted by yhtay2k > 2014-02-21 21:21 | Report Abuse

If it breaks the support line is gonna probably take a while before the upward momentum continues

Posted by sage > 2014-02-21 21:58 | Report Abuse

Banker thx for sharing . I suspected that was the case as price actually surge to a high of .79 within 30 mins of opening on Thursday but was pull back down to .76 very quickly like some one intentionally break the uptrend momentum. Will collect some more on Monday while The price is low .

Posted by tasoke > 2014-02-22 00:29 | Report Abuse

Banker u get so true inform, r u untung alot on this counter?

Posted by bankertan > 2014-02-22 12:31 | Report Abuse

yhtay2k / the timeframe for uptrend to resume will depend on
when RHB have finish collecting. They cannot block the price too low for too long either because
other big funds/Investment bank will come in to the picture sooner or later. Once RHB finish collecting they will definately let price back up over .77 to let it resume uptrend otherwise they cannot profit.There is no point for RHB to do the exercise if they do not profit.

tasoke / I started collecting more last week at .745.I will be diverting 30% of my portfolio to this counter next week. If price go down more, i will divert more. I think many the comments here is correct about the price should easily RM1+ but they did not expect the RHB blocking. I think
if RHB did not blocking, the price closed at .90+ last thursday already. I also agree JCY profit will grow alot from next quarter.

Posted by tasoke > 2014-02-22 18:48 | Report Abuse

Next quarter will maintain profit without surprise dues to capex 50 mil for new equipment, but exchange rate will recover.

Posted by faye62118 > 2014-02-23 10:09 | Report Abuse

The capex of 50m is for the entire year and not just for the next quarter. Also it is not for new equipment but to automate existing equipment to reduce labour cost which will only improve the profit margin further from next quarter. Their orders/shipments have already started increasing significantly from WD and Seagate but will also will only be realised from next quarter. There will will be good surprises from next quarter, just a question of how good.

http://www.freemalaysiatoday.com/category/business/2014/02/21/jcy-to-spend-rm50m-on-automation/


JCY to spend RM50m on automation
The Malaysian Reserve | February 21, 2014
By Tanu Pandey

KUALA LUMPUR: Hard disk drive manufacturer JCY International Bhd will spend about RM50 million as capital expenditure this year mainly on automation of equipment.
“The digital data storage market is only going to grow. We are quite comfortable we will be having decent earnings this year,” executive director Wong Khing Kheng told reporters yesterday in Kuala Lumpur.

JCY is optimistic its shipments will increase in line with improving demand for hard disk drive.
The company now has factories in Malaysia, China and Thailand and its shipments are mostly sent to the US to customers like Western Digital and Seagate.