Posted by raymondtang > 2015-03-24 04:56 | Report Abuse

IDC: Hard drive market is shrinking due to cloud shift

IDC data shows hard drive market is shrinking due to cloud shift
HARD DISK STORAGE sales are almost at a standstill, according to recent figures that show just 0.3 percent growth, most of it in emerging markets.
The International Data Corp (IDC) Worldwide Quarterly Disk Storage Systems Tracker, which reports statistics on purchases of hard drives, has shown revenues falling 1.4 percent year on year to $5.9bn in the second quarter, as more homes and businesses move from local hard drives and onsite servers to centralised cloud storage.
"High-end storage sales fell for the fourth consecutive quarter in 2Q14," said IDC storage research director Eric Sheppard. "The high-end decline was not as striking as last quarter but it was coupled with a drop in midrange sales, suggesting weak demand is spreading to other parts of the market.

http://m.theinquirer.net/inquirer/news/2363694/idc-hard-drive-market-is-shrinking-due-to-cloud-shift

Posted by paperplane > 2015-03-24 06:33 | Report Abuse

Wow, comment during 430am. This Raymond memang stress. Too much in jcy is it? Anyway wish you luck. Nand not killing off HDD/ it is helping more in hybrid. Which in turn help HDD also. Stop spinning lies lah.

Posted by raymondtang > 2015-03-24 06:51 |

Post removed.Why?

Posted by paperplane > 2015-03-24 07:14 | Report Abuse

stop spinning lies lah. Who need ur info anuway

Posted by paperplane > 2015-03-24 07:16 | Report Abuse

Raymond, suggest u go for mental check. C

Posted by Johnnys > 2015-03-24 08:33 | Report Abuse

ray, mean I can collect at even lower price? can it be RM 0.30 or lower? I have many at MPI and preparing to switch to JCY.

Posted by kitykat > 2015-03-24 08:34 | Report Abuse

share price can drop 5% in 2 days based on Ray information. If he convince just half of the 20 top holders to sell with his information where will the price be. Interesting to see.

Posted by bracoli > 2015-03-24 08:36 | Report Abuse

mayb raymond speculate it will bangrup soon ..huhu

Posted by kitykat > 2015-03-24 08:44 | Report Abuse

I think he will bankrupt many investors. No joke the top 20 holder excluding owner is holding more then 150m shares. Very interesting.

Posted by Johnnys > 2015-03-24 08:49 | Report Abuse

YKY already have 74.13%, how to right issue or bonus issue..

Posted by Johnnys > 2015-03-24 08:52 | Report Abuse

this time drop mainly because of HLCAP, suspension due to public shareholder spread. JCY have same problem too.

Posted by longnian > 2015-03-24 09:19 | Report Abuse

Raymond = 枪手？？？？？？

Posted by longnian > 2015-03-24 10:22 | Report Abuse

Raymond's comment removed!!! Why???? Insult ppl????

Posted by Gooseman > 2015-03-24 10:44 | Report Abuse

I bought a Merc thanks to my investment in JCY. So thank you JCY.
Fact: SSD will not be replacing HDD in the next 10 Years.
Reason: there is not enough capacity in Semicon to make the amount of storage required by demand even if SSD prices = HDD prices

Posted by Gooseman > 2015-03-24 10:46 | Report Abuse

However, I will caution investment in JCY because the owner is playing games with the stock price. He is selling high and buying low and making many investors trapped. The owner does not care about other shareholders because he himself is the biggest shareholder and wants to make more money at the expense of the other smaller shareholders. I will stay away from this counter for now. I may be back when the time is right

Posted by Gooseman > 2015-03-24 10:48 | Report Abuse

And yes. I have sold out every JCY shares I had and happy I did that

Posted by Johnnys > 2015-03-24 10:57 | Report Abuse

how come remove Raymond comment?

Posted by Gooseman > 2015-03-24 11:24 | Report Abuse

Only Raymond can remove his own comment I think

Posted by Gooseman > 2015-03-24 11:25 | Report Abuse

He must have realized he said something wrong. Better to remove than keep it there and get flamed like BBQ

Posted by Johnnys > 2015-03-24 12:18 | Report Abuse

Raymond, wake up... you can ask to sell down now, I'm ready to buy more.

Posted by longnian > 2015-03-24 12:22 | Report Abuse

Feel guilty???

Posted by Hazel Lee Mei Gin > 2015-03-24 13:06 | Report Abuse

I agree with gooseman

Posted by lohman > 2015-03-24 15:16 | Report Abuse

Major shareholder Yong Yoon Kiong controls 1515 million shares or 74% and 1.25% dividend for 1Q 2015 yields RM18.9 million which is not inconsiderable. Repeat performance for 3 more Q and he has RM75.6 million. Why play around with the stock price using proxy names with all its attendant dangers when you have so much at stake. Just my view.

Posted by longnian > 2015-03-24 15:45 | Report Abuse

I advise Raymond - just need to convince the Yong Family 74.16% stake in JCY, n tell them JCY no more future, instead to convince us,
and write so many comments here. i THINK to convince a person is much easy to convince a group of people!!!

Posted by longnian > 2015-03-24 16:04 | Report Abuse

If Yong family take Raymond advise , JCY for SURE =$0.30.

Posted by Johnnys > 2015-03-24 18:42 | Report Abuse

sure 0.10 and below.

Posted by virgogo > 2015-03-24 20:21 | Report Abuse

This will hopefully be my last comment that I wish to share with those investors who are at a lost. Last month Mr Wong the ED of the company was quoted as follows" SSD is very efficient in processing, whereas HDD is suitable for bulk storage. The move by Western Digital to acquire SDD players is to complement their HDD business. To set up a new SSD plant is substantial. He further stresses that JCY has no intention of going into SSD business because of high investment cost and they prefer to diversify only into businesses related their core business. He also said that some companies go to consumer electronics (to diversify) but at the end it was disaster".; He further said that the company will spend at least 500 million in the next 10 yrs on automation and machinery.

Posted by optimusprime > 2015-03-24 20:22 | Report Abuse

this stock is useless ady.

Posted by virgogo > 2015-03-24 20:23 | Report Abuse

testing

Posted by virgogo > 2015-03-24 20:28 | Report Abuse

On the company outlook, Mr. Wong said that the strengthening dollar and low oil price will benefit JCY business. Also economic recovery in the US is expected to see increase in IT spending. Judge for yourself the strong financials of the company and its diversified operations in Malaysia, Thailand and China and decide whether the company is well managed.

Posted by optimusprime > 2015-03-24 20:29 | Report Abuse

mr wong will always say good thing.

believe what u see and not what u hear. this stock is coma for months.

it is selling obsolete techonology that will b replaced in future.

and the silly mr wong told fund mgr they are not going to follow the trend.

Posted by longnian > 2015-03-24 21:02 | Report Abuse

Another Ray coming!!!!!

Posted by Gooseman > 2015-03-24 22:58 | Report Abuse

Lohman.... YYK listed and sold 25% of his JCY shares at RM1.60+. Now price at 0.70... And if drop, I would not worry. If drop further, which is YYK interest, is good for taking JCY private again and laugh all the way to the bank

Posted by Gooseman > 2015-03-24 22:59 | Report Abuse

And after a few years, relist it and start the whole cycle once again... All at the expense of smaller share holders.

Posted by jctp2000 > 2015-03-25 08:18 | Report Abuse

becareful. in 2010 listing they announce 182m capex for expansion. then in 2012 after thai flood announce another 300m for expansion. earning have not improved much and some quarter even losses since. where is result of expansion and where the money gone? now announcing another 500m capex over 10 years? do your research carefully and be caution.

Posted by lohman > 2015-03-25 09:58 | Report Abuse

Can't blame investors for exercising caution given JCY's historical price volatility and SSD competition headwinds. Used to have competitor Eng Technology before it was taken private in 2012 at RM2 instead of RM2.50 in aftermath of Thai flood issues. Took me months of monitoring JCY before I bought some in mid 2014 but now I'm more comfortable. Five consecutive profitable Qs and accompanying dividends allayed some fears. But serious fund money is still not into the stock. Good or bad? Waiting for more clarity on SSD threat? You decide.

Posted by Johnnys > 2015-03-25 13:35 | Report Abuse

what happened? force selling by Ray is over? I sold some MPI now is ready to buy more and you tell me is over?

Posted by Gooseman > 2015-03-26 15:12 | Report Abuse

Wow! A trap!

Posted by Gooseman > 2015-03-26 15:15 | Report Abuse

If YKK holds less than 75% share, it means he will buy. If he will buy, he will
Make sure he buys cheap. So price will drop. When YKL share is >75%, he then needs to sell down and he will sell down high. That is how I play JCY. Now is not the time to buy because he will make the price down now to buy to his 75%

Posted by kitykat > 2015-03-26 17:10 | Report Abuse

Interesting to see when Ray will talk to top 20 holders about ssd and how price will be affected. Is suicude for anyone to buy now as price can drop sharply anytime. He mention before he will wait for more to collect first before talking to top 20 holder. My advice for anyone want to buy is to wait for a major dip with big volume before buying otherwise will get burn by him.

Posted by jctp2000 > 2015-03-26 20:29 | Report Abuse

you assuming they will all sell at once which is unlikely. if he talk to one party at a time, the selling maybe in stages and will be hard to predict when the price hit bottom. easy to be trapped because you do not know how many of the top 20 will sell.

Posted by sasword > 2015-03-27 12:44 |

Post removed.Why?

Posted by Johnnys > 2015-03-30 13:31 | Report Abuse

what happened?? where is Ray Negative information?

Posted by sense maker > 2015-03-30 16:44 | Report Abuse

"Everybody loves Raymond"? No news from AGM too?

Posted by lohman > 2015-04-01 09:18 | Report Abuse

Today is GST day and comes with "April Fool greetings to Raymond'' from the top 20 shareholders of JCY.

Posted by Johnnys > 2015-04-01 09:25 | Report Abuse

saw the alliance bank giving TP RM 0.94 with very negative comment, if turn positive mean the price will be more.
I think Ray have do his job, buy enough unit and now is time recommend by Bank one by one.

Posted by ConMan > 2015-04-01 11:46 | Report Abuse

Where are those idiots keep on taking this counter will drop to RM 0.45, now they are laugh as they collected at lower price. Look at Unisem and MPI, where is the big bogus Raymond ?

Posted by sense maker > 2015-04-01 12:36 | Report Abuse

Raymond was a new ID created to scaremonger with SDD threats, stating 30sen target price by June 2015, and also personally going to talk to top 20 shareholders to sell down JCY.

A first call was to cause panic selling. The second (i.e. of talking to top 20 shareholders) was to make sure those who panicked have sold out.

A person without vested interest would not have had so much time to write something like that. Having said that, those uncomfortable with SDD threat may sell their holding as the price is not too bad now. Those who hold on know their risk and rewards as well.

Come back on 30 June 2015 to check if Raymond is correct or not on his target price of 30sen.

Posted by bsngpg > 2015-04-01 13:04 | Report Abuse

I read the hidden message behind Ray’s comments and have quickly taken benefit by buying into JCY at low at that time. As at today, I am still right and making few % of paper gain. Will my interpretation on his intention still be right going forward? Let’s time tells.

Posted by longnian > 2015-04-01 13:47 | Report Abuse

Me too!!