Posted by KC Loh > 2012-09-06 12:25 | Report Abuse

this is the malaysia-finance blogsite about JCY. i suspect the fall to 40-sens was when the sole owner Yong wanted to sell his interest. but this is just guess work. bottom line is, this is where the privatize part of JCY came about! its being re-packaged and story sold to many again, in my guess by CIMB!

question must be asked, why Yong didn't want to take it private when it was hovering around 40+ sens? made sense then rather than joining forces with naughty IBs (and loaning their stocks to sell and yada yada...) and skirting trouble with SC and shareholders now that the turnaround project is successful? any last minute experts' intake on this?

http://malaysiafinance.blogspot.com/search?q=jcy

Posted by KC Loh > 2012-09-06 12:26 | Report Abuse

and darn... this salvatore guy can really find some nice pix of the featherless kind eh? LOL

Posted by Mat Cendana > 2012-09-06 12:58 | Report Abuse

Broad correction going on today with a lot more counters losing than gaining. Even a miserable 2 sen gain can take three counters into the Top 10 "Gainers"! Quality counters are becoming more attractive but at the same time can't be too hasty.

My list includes:
Digi, Axiata, Maxis, TM, Mudajaya, SKPetro, UOADEV, YTL Power, Perisai... but they will have to shed some more sen to be really attractive. So many counters but capital, as always, is limited. Therefore, will have to find the best bang for the buck. It's back to fundamentals where PE and dividend yield will decide, aided by technical readings and the comments here.

Posted by azta12 > 2012-09-06 14:47 | Report Abuse

KC I heard your war drum is still beating. Thumb up for the braveheart.

Posted by KC Loh > 2012-09-06 14:50 | Report Abuse

lion dance troupe, not me! :)

end of the day, let's hope what the markets are predicting correctly! ECB will do massive buyback of Spanish and Italian bond to lower their gearing!

Posted by Mat Cendana > 2012-09-06 15:13 | Report Abuse

From what I had read at Bloomsberg last night, ECB will purchase the bonds. But as compromise and to `jaga hati' the fiscal hawks in Germany and the northern countries, the interest rates will be market-based. So, those deadbeat countries will still have to cough it out through their nose should the market decide above 6% or more. I think that's fair - they *will* get the funds but surely they can't expect to pay what Germany has to.

By the way, comparatively we are doing okay. The 3-year rate (or is it 5, not sure) for us is only at 3.something%. That 1997/8 financial crisis is a blessing in a way because it checked us from having enough rope to hang ourselves, like Greece and Spain.

Posted by azta12 > 2012-09-06 15:32 | Report Abuse

The US is already printing out the monies<as there is a surge in their asset in the previous balance sheet, although the Fed chairman is beating around the bush with regards to its another round of quantitative easing(QE) move. let see who make the 1st move.

Posted by Mat Cendana > 2012-09-06 15:45 | Report Abuse

Now that QE has been mentioned - although it will likely boost the market for a while, I feel all of this money-printing and huge debts are going to end badly for the US and Europe. And we will also be affected although most likely not as badly.

Their debts are simply unsustainable - the US especially. Should countries like China no longer purchase the US bonds - or worse, unload what it is already holding - what other options would the US have? They can continue to print money but it will become like the `duit pohon pisang' as issued by the Japanese during WWII. Even right now I think it should be less than RM3.00 for 1 US$. The only reason why it had gone up to this current level is because of the Euro crisis - people are even more fearful of the Euro situation and had looked for seeming `safe havens'... ignoring the fact that the US isn't exactly in sound financial shape.

For us, BSKL is one way to invest and try make some money. But I'd say it's prudent not to put all our capital into the market. Diversifying a certain percentage (10% or so) into precious metals like gold and silver would be prudent.

Posted by Mat Cendana > 2012-09-06 16:07 | Report Abuse

JCY is picking up again!

Posted by Mat Cendana > 2012-09-06 16:22 | Report Abuse

Drat! It petered out with some party selling heaving into 0.97. Looks like I should pick up the shares and wait out these sellers over the coming weeks.

Posted by datuk > 2012-09-06 16:24 | Report Abuse

Mat Cendana = KC Loh???hehehehe

Posted by KC Loh > 2012-09-06 16:24 | Report Abuse

go buy and sleep easy. This share will follow back value after all the selling is done!

Posted by SamuelChong > 2012-09-06 16:27 | Report Abuse

I support KC Loh. Hope go go n up!

Posted by KC Loh > 2012-09-06 16:34 | Report Abuse

i smell 0.98 sens! lion dance troupe doing fine performance! :)

Posted by KC Loh > 2012-09-06 16:36 | Report Abuse

chart RSI and Stochastic slowly hooking up and dividends ex-date coming! steady.... steady.....

Posted by datuk > 2012-09-06 16:38 | Report Abuse

KC...how was yr maggi mee? U lai sai Boh? Hopes yr JCY reaching rm0.98....kikikiki

Posted by KC Loh > 2012-09-06 16:38 | Report Abuse

quite the harebrain that you are datuk, reached liao today!

how's your BJCorp? :)

Posted by KC Loh > 2012-09-06 16:40 | Report Abuse

smelling 0.985 ... come to papa, come to papa!

Posted by datuk > 2012-09-06 16:40 | Report Abuse

Got 1KK units.....paper loss more than rm10K...result ang ang...

Posted by KC Loh > 2012-09-06 16:42 | Report Abuse

oic... kesian...

go check back some of these pointers.. maybe somewhere kena trip by the rotten IBs

1) Dun rely on the qtr report alone when come to big investment; it's
a must but not enough.

ii) Must understand the business model and knows its landscape.

iii) Connected to the senior management in the industry.

iv) Common sense is the biggest asset in investment.

v) Be fanatic and decisive

vi) Rigidity is disastrous in investment.

vii) Always invest with owner perspective.

viii) Always manage risk exposure

ix) Balance portfolio is the ultimate wealth creator.

Posted by Mat Cendana > 2012-09-06 16:42 | Report Abuse

Datuk, maggi mee can be quite nice...the maggi goreng especially. This is what I'd usually order at the restaurant. Or roti canai. Nothing else. I'm so predictable.

By the way, to the Buyers - buy la the -CF at 0.055... so kedekut Heheh!

Posted by KC Loh > 2012-09-06 16:43 | Report Abuse

touching 0.985... push push!

Posted by datuk > 2012-09-06 16:47 | Report Abuse

aiyah...kc...paper loss rm 10K is a small matterlar.....still can afford to hold mah.....pu yau chin lar....

No pain no gain mah.....pahit dulu manis kemudian mar ..hehehe

Posted by KC Loh > 2012-09-06 16:50 | Report Abuse

i see... ok datuk. say what you will. just be careful! vincent's misai thicker than yours! :)

Posted by datuk > 2012-09-06 16:51 | Report Abuse

Understand...gua cukur sama dialor.....kikikiki

Posted by KC Loh > 2012-09-06 16:52 | Report Abuse

tonight ECB meet. tomorrow JCY showtime! Biggest market of HDD currently other than the States! Hopefully a big hook above 50% for the RSI :)

macam TA expert tak? hahahahaha

Posted by DUnkin > 2012-09-06 16:55 | Report Abuse

wat is the TP kc?

Posted by KC Loh > 2012-09-06 16:56 | Report Abuse

shoo Dunkin.... dont stop the momentum here! :)

Posted by datuk > 2012-09-06 16:56 | Report Abuse

KC sudah cabut lioa lor...

Posted by DUnkin > 2012-09-06 16:57 | Report Abuse

hahaha...aiya...i still got parts inside ah...i wanna get out.hahaha

Posted by KC Loh > 2012-09-06 16:57 | Report Abuse

datuk is certified one of the rumour mongers here in JCY! worse that CIMB due to jealousy! :)

Posted by KC Loh > 2012-09-06 16:58 | Report Abuse

just keep watch quietly dunkin. Wherever you go, still got problem remember? you still have not made peace with the ghosts this month! silap2 your ID & password cache disappears again!

Posted by azta12 > 2012-09-06 16:58 | Report Abuse

GOOD SHOW BRAVEHEARTS<KEEP THE MOMENTUM.

Posted by DUnkin > 2012-09-06 16:59 | Report Abuse

haha...seems like the ghost go and find other ppl liao...coz i got protection from the god of investment..haha

Posted by KC Loh > 2012-09-06 17:00 | Report Abuse

starting again i see, dunkin!

Posted by KC Loh > 2012-09-06 17:01 | Report Abuse

darn, was hoping 99 sens ending today, azta12! nearly there if had the time! :)

Posted by datuk > 2012-09-06 17:02 | Report Abuse

i never kill ppl but chiak lenloi niah....kikiki

Posted by Mat Cendana > 2012-09-06 17:03 | Report Abuse

Good! Another encouraging end to the trading day for JCY:-)

Posted by DUnkin > 2012-09-06 17:06 | Report Abuse

datuk,u got curi curi buy JCY?haha

Posted by datuk > 2012-09-06 17:10 | Report Abuse

Dunkin ....JCY is not my cup of tea...zero position....but the business fundamental is unpredictable in the long run......If the business is great....it shouldn't listed in bursa....get very poor valuation compared to its peer in Taiwan, Hong KOng or Singapore...

Unless the major shareholders delist....and relist again ....

Posted by datuk > 2012-09-06 17:12 | Report Abuse

I think KC 2...9 can eat teachew zheng lioa....no more maggie mee....kikikiki

Posted by zack_liza > 2012-09-06 18:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1059053

TODAY COMPANY ALSO BUY BACK...SO,EASY TOMORROW UP ABOVE RM1.00

Posted by Lynch > 2012-09-06 19:03 | Report Abuse

datuk! go go buy GLOTEC! very CHEAP now! 0.075, sure can earn end of this year! Quick Quick!!!

Posted by Mat Cendana > 2012-09-06 19:20 | Report Abuse

Good for them! They came in at the right time at 0.93 when sentiments were jittery. That put paid to any party that might have wanted to create another panic among traders and thereby selling too quickly. It could just be some institution making a quick profit or whatever in the mid-afternoon. But it could also be some party that had attempted to drive down the price at 0.97 with very big lots. In this situation, the buy backs are critical to rebuild confidence.

Posted by Captros > 2012-09-06 19:42 | Report Abuse

who are they? A known party? Must IB CIMB or foreign bank.

Posted by Mat Cendana > 2012-09-06 20:13 | Report Abuse

If the suspicions as mentioned here yesterday are true, only one party would be unhappy should the warrants strike - those who had issued them and would have to fork out the difference to holders after ex date. Or, people who had somehow circumvented the regulations and making short selling. The other explanation is these could be normal selling by investors with very big lots looking to either make a quick profit or to cut loss with the rebound.

The IB people would not be happy if these suspicions aren't true. But what to do, some things do look suspicious. And they haven't made any attempts to clear the air either so...

Posted by jacklintan > 2012-09-06 20:52 | Report Abuse

@kc loh: you're really "keng". Made money from JCY like this.

Please teach me. (no holand ok?)

Posted by jacklintan > 2012-09-06 20:54 | Report Abuse

I just don't feel JCY will break 1.00 tomorrow!

Posted by SamuelChong > 2012-09-06 21:07 | Report Abuse

Not 2molo then is nt week break 1.10. :-)

Posted by azta12 > 2012-09-06 21:07 | Report Abuse

Bravehearts< can expect the buyback continue tomorrow. now that the bond buying program by ECB had turn euro market green,and good jobs data in us had made US stock futures climbing will change the market sentiment.hope the 2 days selldown on M'sia and S'pore markets to make a U turn on Friday. Today, all Asia major market up, except Msia & Spore. KC, contemplating to avg up.