Posted by lloydlim > 2016-05-20 14:21 | Report Abuse

Better stay aside & wait for price below 0.60

Posted by ivan9511 > 2016-05-20 22:29 | Report Abuse

younginvestor92 , hi younginvestor92 , why this company make big loss still can provide high dividend as usual , ?
? loss money still can give high dividend ?

Posted by CUTLOST > 2016-05-21 22:02 | Report Abuse

More room to go down..after new Qtr

Posted by goldisgold > 2016-05-22 13:46 | Report Abuse

Reaching 52 weeks low soon, I guess.

Posted by lloydlim > 2016-05-22 18:53 | Report Abuse

Price shall retest 52 weeks low after dividend exdate

Posted by KLCI King > 2016-05-22 22:02 | Report Abuse

Any more hope?

Posted by ivan9511 > 2016-05-23 01:34 | Report Abuse

lloydlim , do you know why loss huge but still can provide such high dividend, means jcy is very rich ?

Posted by xexlone > 2016-05-23 09:35 | Report Abuse

starting to drop...quickly run!!!!!!

Posted by Matchai > 2016-05-23 11:03 | Report Abuse

US summer demand is absolutely weak one. It is a cycle.I think If I'm top management, I would issue low yield dividend for next quarter. So that, share price will drop more, eliminating those traders or speculators, and give chance for real investor to accumulate at low share price . Issued better dividend yield by year end to reward those investor.

Posted by Cherrie > 2016-05-23 18:25 | Report Abuse

Cessation of HDD operations in China. Impairment loss of RM12.6mil will be recognized in financial account nx Quarter.

Posted by moneySIFU > 2016-05-23 18:32 | Report Abuse

The global demand for Hard Disk Drive (“HDD”) products continues to face a very challenging global economic environment. The total addressable market (“TAM”) remains weak in the coming quarters.

The production facilities in YK Foshan had not been optimised meaningfully and the Group has sufficient production facilities in other locations should TAM recover in the near term.

The Board, taking cognisant of the above and after having reviewed and assessed the overall production facilities of the Group, is of the view that it is more operationally efficient and cost effective to cease the operations in YK Foshan.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5099905

Posted by Angielim9955 > 2016-05-24 20:22 | Report Abuse

so how low can it be

Posted by Davidl > 2016-05-25 01:52 | Report Abuse

Let's c how low it could go!

Posted by Mohd Fahmi Bin Jaes > 2016-05-25 07:55 | Report Abuse

http://www.theedgemarkets.com/my/article/jcy-under-downward-pressure-says-alliancedbs-research

Posted by Joblessrich > 2016-05-26 17:10 | Report Abuse

I have told people that Hard Disk Drive Industry is in trouble. They are replaced by SSD. Especially 2,5 inch drives (for notebooks) will be gone in a matter of time. What is left is 3.5 inch drives which has limited volume. That means revenue of JCY will be down.
Unless JCY has replacement business, I think the counter will be on the -ve trend.

Posted by Angielim9955 > 2016-05-26 21:09 | Report Abuse

Joblessrich, but jcy still can give high diviend , near the highest at bursa ?

Posted by Joblessrich > 2016-05-27 08:11 | Report Abuse

You decide for yourself. I just share my opinion.

Posted by xexlone > 2016-05-27 09:22 | Report Abuse

yeah! unless they change the whole operation to poduce SSD & Flash drive....

Posted by goldisgold > 2016-05-28 09:00 | Report Abuse

Someone can shed light why they made a loss last quarter but cash holdings still can increase? Thanks.

Posted by Chin Pin Tan > 2016-06-01 23:53 | Report Abuse

goldisgold, loss is due to forex loss which is a non cash item. Other than that, changes in the other working capital such as payable, receivables and inventories will have impact on cash movement as well

Posted by derricksyl > 2016-06-07 10:51 | Report Abuse

TP 0.75 ....

Posted by derrickinvestor > 2016-06-12 12:20 | Report Abuse

0.75? It is impossible.... Perhaps 0.635

Posted by xexlone > 2016-06-13 10:56 | Report Abuse

0.75? It is impossible.... Perhaps 0.635 +1

Posted by sasword > 2016-06-15 16:51 | Report Abuse

0.50 is the answer...

Posted by Hafiz Rashid > 2016-06-17 16:13 | Report Abuse

625 lowwww

Posted by GGmalaysia > 2016-06-19 22:33 | Report Abuse

funny everyone say hard disk drive is dead due to SSD is cheaper. so today i went digital mall survey, and this is what i got:-

HDD 500GB - RM180
HDD 1TB - RM210

SSD 120GB - RM 220 <- Only gamer will use this
SSD 250GB - RM 399 <- Still not enough for business use
SSD 500GB - RM 899 <- Barely enough, and it's still freaking expensive, can get 5 qty of harddisk drive with the same pricing

So according to Morse law, every 2 year, Price drop to half, given 1TB is out 2017, and the price is RM1599.

Still, you need 6~8 Years for it to drop to RM200. by then, your dividend return of JCY already cover 80% of your capital. by then standard storage is jumped to 4TB. Good luck catching up HDD, SSD mate!

Posted by WhoKnows > 2016-06-20 08:49 | Report Abuse

dun care what others think, i am slowly cummulating just for the high dividend. nothing else

Posted by mywb > 2016-06-20 19:03 | Report Abuse

GGmalaysia, you are right but we cannot think logically in investing.Investing is an 'Art'.Eg. Some odd drawing may be valued a few millions while some good drawing just valued at a few hundreds.

Posted by Alfred Tay > 2016-06-20 19:47 | Report Abuse

Personally, I think there's nothing wrong with the share, it's just that some people took advantage of the uncertain times to suppress the price to collect from the weak holders......when things turn for the better the price will recover.

Posted by lloydlim > 2016-06-27 22:54 | Report Abuse

Time to accumulate!

Posted by WhoKnows > 2016-06-28 16:19 | Report Abuse

managed to get 0.595 yesterday already...... :) think will continue slowly accumulating till 0.65, then just hold and wait

Posted by Hafiz Rashid > 2016-06-29 14:52 | Report Abuse

595 is a good price.keep accumulating.go for high dividend!

Posted by WhoKnows > 2016-06-30 19:52 | Report Abuse

not everyday you can get 0.595 ohh.... hope this counter does not go up at all, but continue giving good dividends...... wakakakaka, think i will get shot for this :)

Posted by lloydlim > 2016-07-01 12:00 | Report Abuse

Strong support at 60cts level!

Posted by WhoKnows > 2016-07-01 13:10 | Report Abuse

still queuing for more at 0.595...... kekekke..... very low possibility, but one can hope right? :)

Posted by Eric Wong > 2016-07-08 12:05 | Report Abuse

Anyone close with their management team as i heard from Penangite that JCY factories in Penang only work 4.5 days per week due to low orders. Thanks.

Posted by Eric Wong > 2016-07-08 12:19 | Report Abuse

The main issues for last quarter loss are their massive forex losses and also lower sales mainly from Malaysia as the profit dropped 45% compared to previous year same q. Also, they have ceased operation of the Company’s subsidiary in China, YK Foshan, announced on 23rd May 2016. As these all negative news will suppress or even pressing down the JCY share prices further deep for next 2 q as the tax exemption only will start from August 2016.

Posted by telusdansuci > 2016-07-08 19:09 | Report Abuse

Due to increase of minimum wage in M'sia the company have to cut cost by bringing down the amount of employees to 4,000 jobs to total 16,000 from 20,000 employees as mentioned earlier by company's finance director as stated from Starbiz dated 25/11/2015 . Additionally, the group is automating many of its production processes and has managed to reduce its workforce significantly . By the way JCY International saves some Rm 600 million from the years 2002-2012 in 10 years period from being tax exempted .

Posted by WhoKnows > 2016-07-09 11:59 | Report Abuse

renewal of tax exemption - Aug2016? seems good news to me

Posted by goldisgold > 2016-07-11 17:21 | Report Abuse

Strong RM is punishing JCY share price...

Posted by Razi Ahmad > 2016-07-12 01:30 | Report Abuse

Accumulating or sell???

Posted by xexlone > 2016-07-12 10:05 | Report Abuse

Hafiz Rashid @
595 is a good price.keep accumulating.go for high dividend!

Posted by Angielim9955 > 2016-07-12 19:40 | Report Abuse

xexlone jcy still got hope, I loss 25% alreday can top up? the biz seem sunset ?

Posted by WhoKnows > 2016-07-12 20:31 | Report Abuse

suggest hold till Sept, and only decide whether to top-up then (if the rationale for you to top-up is just to average down). price might be higher (then no issue for you), or lower (then top-up). there is no guarantee that JCY will declare dividend then. but at least the Q report for 30-June would be out. easier to gauge then......

Posted by Angielim9955 > 2016-07-13 01:34 | Report Abuse

thanks

Posted by xexlone > 2016-07-13 13:02 | Report Abuse

58c good price?

Posted by WhoKnows > 2016-07-14 08:55 | Report Abuse

for me, any price below 0.65 is a good price since I am only collecting for dividend.....

Posted by Joblessrich > 2016-07-14 09:34 | Report Abuse

Seagate, one of the major customer is retrenching 6500 employees.

Posted by derricksyl > 2016-07-14 23:17 | Report Abuse

keep collect ...

Posted by CUTLOST > 2016-07-15 00:11 | Report Abuse

Good news soon