Posted by bonescythe > 2012-03-04 18:51 | Report Abuse

If bought at 40 cents, it is handsome 5% dividend yield. :)

Posted by ahyeo > 2012-03-04 20:23 | Report Abuse

I don't think JCY will drop to 40 cents level ever again. If they do drop to 40 cents, they would not be able to pay any dividends....

Posted by Usry Bin Abdullah > 2012-03-04 20:35 | Report Abuse

Agree with Bonecythe,.The JCY price may not be drop to 40 cents as the management of JCY plan to 'buy back' their share.this will help the price of JCY mantain at this level (RM1.20- RM1.30) and may be it also has a chance for price up at least 5%-10% from current level during the company buy back their share.By the way this only a theory and most of the share price will up during company buy back their share.The AGM will be hold on 23 march 2012 for this solution..

Posted by Fat Cat Tim Buddy > 2012-03-04 20:51 | Report Abuse

more dividend will come.. =)

Posted by bonescythe > 2012-03-04 21:46 | Report Abuse

Probably you guys misunderstand me. I say, if bought at 40 cents last year and hold until now, dividend yield is 5%.. Is my previous statement so misleading until you think JCY will drop to 40 cents? Hmm... I am wondering.

My opinion, JCY will likely to side way at 1.1x to 1.2x area at least for some time being. :) Just my honest opinion based on my experience..

Posted by Utopia > 2012-03-06 10:52 | Report Abuse

Western digital in KL already ready for production? What I get from JCY management staff. Tought their schedule is still damn busy, and increasing capacity.

Posted by afar_filhaq > 2012-03-06 11:11 | Report Abuse

means?

Posted by shanting > 2012-03-06 12:51 | Report Abuse

I believe no change in foundamental, business is still good.

Posted by jtpc2006 > 2012-03-06 13:29 | Report Abuse

JCY is ahead of the pack, they benefitted immensely from the recent floods, their preparations already done, all they have to do is produce, produce, produce as planned, and take their profits!

Posted by afar_filhaq > 2012-03-06 14:28 | Report Abuse

when will be next financial report will out?

Posted by bomblikeme > 2012-03-06 14:33 | Report Abuse

somewhere around April-May, company making announcement on 23rd March! Hopefully something good to be said...

Posted by Usry Bin Abdullah > 2012-03-06 16:53 | Report Abuse

23 march is AGM for propose to buy back their share. Usually if company buy back their sahre,the share price will shoot 5%-10% from current price.(or the company will press the price as cheaper as they can and buy back at low price,As a result,the price stil not move)
by the way just look and see..They are big Jaws and we are small fish(ikan bilis)

Posted by bomblikeme > 2012-03-06 16:57 | Report Abuse

Usry: You sure they are proposing to buy back their share? I believe with their profit it is possible, but I'm not sure is it enough to fund the RM300m capex for the new plants

Posted by ahyeo > 2012-03-06 18:24 | Report Abuse

JCY's last quarter and this quarter profit is more than enough to pay for the RM300m capex

Posted by bomblikeme > 2012-03-06 18:33 | Report Abuse

oh, then there's possibility then...

Posted by Usry Bin Abdullah > 2012-03-06 19:30 | Report Abuse

Bomblikeme: please refer to Notice of AGM that will be hold at 22 march 2012 at Grand Paragon Hotel,JB.
Agnda no 6:
Ordinary solution 2:(resolution 8)
-Propose renewal of authority for share buy back.

by the way pls correct me if i'm wrong.
thaniks

Posted by afar_filhaq > 2012-03-06 21:48 | Report Abuse

usry: actually how the company will do to press the price?

Posted by Fat Cat Tim Buddy > 2012-03-07 02:14 | Report Abuse

yesterday i got this jcy agm form and 2011 anual report book and a cd with the anual report pdf inside.

i think the company try to scare people off with all the scary figure ( which iniatially i was shocked ) because the company 2011 ending date is 30 september, and the earning per share is shockingly 0.71 cent, not even a cent...

but the catch is, they din't send the 2012 1st quarter report, the earning per share for year 2012 1st quarter is 7.94 cent.

so, my guessing is, maybe.. they try to scare off uninformed investors, so that they can buy back the share cheaply.

Posted by ahyeo > 2012-03-07 07:35 | Report Abuse

If this is true, JCY management has no class. How much do they plan to buy back ? And at what price ?

Posted by cytew > 2012-03-07 09:26 | Report Abuse

The management is doing the right thing !!!

Posted by jtpc2006 > 2012-03-07 10:02 | Report Abuse

Fat Cat, pls read the directors' statement on 4th Jan 2012, I think the figures for 30th Sept 2011 in your post, there's something not right!

Posted by jtpc2006 > 2012-03-07 10:06 | Report Abuse

PHere are some extracts: ... the Board of Directors of JCY International Berhad ("JCY" or "the Company") wishes to inform the shareholders and potential investors that, having assessed the curently available information, the Group is likely to record an increase in net profit for the financial quarter ended 31 December 2011 of approximately 1,900% compared with the corresponding period in the previous financial year (period ended 31 December 2010, Net profit: RM7.5million) or 460% compared with the immediate preceding quarter (period ended 30 September 2011, Net profit: RM26.4million) ......
This announcement is dated 4 January 2012.

Posted by Fat Cat Tim Buddy > 2012-03-07 10:27 | Report Abuse

ya i know that, but the annual report is based on the company fiscal year, the company fiscal year end at 30 september 2011 , so ... any earning beyond the date is counted as 2012 1st quarter earning.

i hope u get what i means.. ya i probably freaked out abit, but it was OK when i find out that everything is correct, those number are good.

Posted by ahyeo > 2012-03-07 23:58 | Report Abuse

EARNINGS
Earnings Per Share (MYR) (ttm) 0.0071
Quarter Estimated EPS (MYR) (mrq) -
Year Estimated EPS (MYR) (09/2012) 0.2050
P/E Ratio (ttm) 166.1972
Estimated P/E (09/2012) 5.7561
Relative P/E vs. FBMKLCI 10.0774
Next Earnings Announcement

Posted by Utopia > 2012-03-08 02:50 | Report Abuse

Mr yeo, whats that suppose to mean? MYR5.7 this coming sep?

Posted by ahyeo > 2012-03-08 07:36 | Report Abuse

It was taken from Bloomberg on JCY analysis. Not sure how much to believe but it is an analysis. Take it with a pinch of salt but if it means what you say, buy at own risk...

Posted by LittleY > 2012-03-08 11:31 | Report Abuse

For upstairs:

Year Estimated EPS (MYR) (09/2012) 0.2050 = JCY is estimated to earn 0.2050 per share in FY2012 (ended September 2012, so coded 09/2012), or equivalent to RM420 million in the year

Estimated P/E (09/2012) 5.7561 = Estimated P/E at current price divided by Estimated FY2012 EPS (meaning Share Price / 0.2050, so it uses RM1.18 as the share price)

The post did not indicate any Target Price, but does supply you a comparison of relative P/E for FBMKLCI of 10.0774, meaning JCY P/E is well below the industry average, suggestive it may have rooms to move up.

Posted by LittleY > 2012-03-08 11:46 | Report Abuse

Share Buy-Back concept correction:

Most companies do share buy-back because it thinks that the share price performance is NOT up to the expectation of the companies and thus they want to reduce the free-flow shares in the market.

Share buy-back will normally bring boost to the share price, because:-
1) Market confidence. As the company itself also thinks fit to buy its own shares, that is an indication that the share price must be fair or undervalued and justifiable for a buy.
2) Reduced free-flow public shares. So that lesser shares in movement and supply of the shares in market will be limited. Assuming demand of the shares remains the same, with lesser supply, the price will go up.
3) Solvency. Company must ensure there is sufficient cash reserve to pay debts before it can buy-back shares. A Company capable of buying back shares is at least free from risk of default in short term.
4) Increased EPS. Computation of EPS will not take the shares bought-back by the company into consideration. So with more shares (treasury shares) held by the company itself, it means more profit will be enjoyed by each other share in the market. Also, the company will not receive dividend for the shares held by itself as treasury shares.
5) Bonus shares. Shares bought-back by company and held by the company can later be paid as bonus shares (free shares given to shareholders).

Posted by raphael > 2012-03-08 12:08 | Report Abuse

share buy back means good to shareholder most of the time.
JCY has been doing share buy back for the pass.

Posted by Utopia > 2012-03-08 13:13 | Report Abuse

Thx Mr Y. It is worth the space to save down your comment.

Posted by shanting > 2012-03-08 15:32 | Report Abuse

Hi Little Y, as JCY already has no enough public float (min 25%), do you think JCY will buy back more shares?

Posted by Fat Cat Tim Buddy > 2012-03-08 15:38 | Report Abuse

they can buy back from their major shareholder , buy back 5 percent from public 25%, buy back 5-6 percent from major shareholder 75%, then the proportion is still going to be same. correct me if im wrong..

Posted by shanting > 2012-03-08 15:44 | Report Abuse

Hi Fat Cat Tim Buddy, i am not sure if the company can buy back from major shareholder? Conflict of interest? Interested parties transaction? allowed by SC?

Posted by jtpc2006 > 2012-03-08 15:48 | Report Abuse

this means JCY making lots and lots of money for their major shareholder. no problem, public also get their share.

Posted by Usry Bin Abdullah > 2012-03-08 17:13 | Report Abuse

Tomorrow is 9 march (ex date) so we have 2 condition here either the price will 'press do' further and stay at 'that' level until AGM on 23 March..
Or
the price will shoot up for 2%-5% from today price..
By the way it also depend on market sentiment.If market sentiment ok,than the price will stay but if market sentiment is not healthy- we can see the price will 'slide' further.

Posted by kawelegen > 2012-03-08 19:58 | Report Abuse

See Benalec down after ex date,this may follow for a week than mari ramai2 pakat beli JCY at 1.10....hoho

Posted by Usry Bin Abdullah > 2012-03-08 20:27 | Report Abuse

I wait JCY down RM1.00 than i will average down..hopefully i get it..

Posted by chong > 2012-03-09 03:01 | Report Abuse

ha, ha, ha, the sharks are trying their old tricks again...yes, they did it yesterday again by throwing 1-5 lots cheaper by 1 cent to collect to goreng. I watch the show & collect & buy some at $1.17 because of the 2 T.E dividend [expired today] & now waiting for it to goreng back by the sharks, hee, hee, hee

Posted by chong > 2012-03-09 08:36 | Report Abuse

Sharks had collected these past few days at a cheap price...time to go up perhaps?

Posted by ahyeo > 2012-03-09 10:09 | Report Abuse

Funny. Market sentiment is up. Yet JCY down

Posted by Fat Cat Tim Buddy > 2012-03-09 10:11 | Report Abuse

i already dont care if it down, as long as the company earn money, it will reflect on the share price, plus i no planning to sell it anyway.

Posted by undukngadau > 2012-03-09 10:27 | Report Abuse

Saya rasa hari ini boleh beli Jcy. Tidak boleh tunggu sudah.

Posted by bomblikeme > 2012-03-09 10:33 | Report Abuse

ahyeo: Didn't go down la, is just haven't go up!

Posted by chong > 2012-03-09 17:32 | Report Abuse

No lah brother bomblikeme , in fact it went up by 1 cent today as we all qualify for the TE dividend of 2 cents....being ex dividend it should minus 2 cents, our JCY should be $1.15 & not $1.16 as is last traded.....so stay on my friends as we may see further rise.

Posted by bomblikeme > 2012-03-09 19:21 | Report Abuse

Hi chong, I understand. I'm just telling to ahyeo, that 1.15 is just aft dividend adjustment, let's wait n see the action once for jcy to turn to new value

Posted by bomblikeme > 2012-03-09 19:21 | Report Abuse

Sorry, correct to its true value

Posted by Usry Bin Abdullah > 2012-03-09 19:31 | Report Abuse

hopefully we can see it fly or we must wait for another episode and after (23 march) than we can see either this stock will show i's canine or it's nails..:P

Posted by chong > 2012-03-10 01:57 | Report Abuse

Brother Usry Bin Abdullah, JCY will show both it's canine teeth & nails as well. Mind telling all what's special about the AGM on 23 March?...another surprise? ...thank you brother Usry...cheers.

Posted by Usry Bin Abdullah > 2012-03-10 11:05 | Report Abuse

Bro Chong:Dividen payment was announced- and usually the share price will drop during ex date,.. than it will consolidate for 1-2 week b4 it show its true value- usually share price will up after 2-3 week of ex date(by assume that market sentimentis stable/good)
than on 23 march- JCY will hold AGM and 1 of propose is a share buy back.. so usually during share buy back- the price will up 5%- 10% from current price.- this is what i means about JCY has a canine teeth but if it price down further although they were agree for propose share buy back- this condition we can says that JCY only has a nail(very useless & hopeless)
(We assume the market sentiment is good and stable)

Posted by chong > 2012-03-10 17:31 | Report Abuse

Well said brother Usry Bin Abdullah & thank you so much for your fair comments. And by mid May the quarter report will be out & then bingo, another bonanza, hee, hee, hee