Posted by KC Loh > 2012-09-20 19:34 | Report Abuse

this coming quarter will surely slide. End of the year, if floods hit Bangkok again, then..........

http://www.theedgemalaysia.com/business-news/220858-water-committee-worries-about-flood-in-bangkok-and-east-region.html

Posted by Mat Cendana > 2012-09-20 20:23 | Report Abuse

Actually, that's the common wisdom - that its profits will slide this quarter. That is what most analysts and investors say. If that is so, there's the possibility it has already been factored into its price and investors won't be too surprised when it comes. So, any form of good news (doesn't have to be too significant) should be enough to not only halt the slide but also create a new impetus(?)

I will definitely keep an eye on JCY. From its previous record over the course of this year, it had often gone on an upswing even when others were not doing well. As we have seen in the stockmarket, it is perception that counts more than actual business performance. And when there's enough momentum, the reverse will happen.

Posted by EmoTrader > 2012-09-20 21:14 | Report Abuse

DownTrend! Told u aldy dun against Trend!

Posted by necro > 2012-09-20 21:48 | Report Abuse

MAT apa warn pegang sekalang?

Posted by ejtic > 2012-09-20 22:13 | Report Abuse

Alamak.....Pagi-pagi lausaid lagi..... celaka betul...PK ayam!! This time must look for a village demon to cure the diarrhea...

Posted by jacklintan > 2012-09-20 22:15 | Report Abuse

Trade JCY at your OWN RISK. hahaha

All the best, traders.

Posted by ahtan > 2012-09-20 23:02 | Report Abuse

i tried 2 round on tis stupid ctr, yet also enjin knock off .... nia.... seng

Posted by Hustle > 2012-09-21 09:47 | Report Abuse

Now be focus on weather report regarding to northern province,financial report no longer important for this counter...raining come water Happy Songklan

Posted by Melvin Gan > 2012-09-21 10:05 | Report Abuse

maybe not ctr stupid, but you ? =X

Posted by ejtic > 2012-09-21 11:03 | Report Abuse

Betol betol PK ayam leow....

Posted by dknycom > 2012-09-21 15:45 | Report Abuse

Oh no!!! JCY smelting....

Posted by passerby > 2012-09-21 16:50 | Report Abuse

their public shareholding spread is not compliance to listing requirement & yet they are buying back their share from the open market
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1060317
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1068209
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1060313
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1059053
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1057749

Posted by Ching Yin Carrot Loh > 2012-09-21 17:11 | Report Abuse

Passerby,may ask what will happen if the company buy back the shares,is it mean the price will up?thanks a lot=)

Posted by passerby > 2012-09-21 17:47 | Report Abuse

Partially correct only. You can read more here:http://www.min.com.my/en/component/content/article/1/337-what-are-the-implications-of-share-buybacks.html

They can manipulate the figure of ROE, ROA & EPS with the share buyback also - artificially make it looks better. Those who read the company annual reports will check if there is any "cosmetic dressing" done to the company ROA, ROE & EPS

I just don't agree with their move to buy back share at this junction when they have yet to come out with any formulation to comply with the public shareholdings spread requirement if they are sincere to keep it as listed entity.

Posted by Ching Yin Carrot Loh > 2012-09-21 17:54 | Report Abuse

Noted,thanks for ur sharing=)

Posted by ahtan > 2012-09-21 18:03 | Report Abuse

Thx smart Melvin , i will learn my lesson well.
damn JCY , X$£^%@*&

Posted by Fat Cat Tim Buddy > 2012-09-21 19:45 | Report Abuse

passerby, thx , nice share.

thats why beside ROE, we have to look into Debt on equity as well, its all relevance.

Posted by shirley1 > 2012-09-21 21:53 | Report Abuse

a business owner was looking for accountant and interviewed 3 guys, a simple question is asked, what is the answer for 1 + 1 = ?

wow.. 2 guys answer correctly !! But, the 3rd guy asked the owner what answer do you want and he get employed.

haha just a joke.

Posted by Ching Yin Carrot Loh > 2012-09-21 22:28 | Report Abuse

Shirley,this kind of employee really worth to hire,because the guy know what the boss need.he will ask,hehe,good=)

Posted by shirley1 > 2012-09-21 22:53 | Report Abuse

A consultant will always prepare 2 proposals before seeing the client... Why ? they talk what their customer want to hear..  one proposal to buy or one proposal to sell.  :)  corporate world wor...  have fun Carrot..

Posted by Ching Yin Carrot Loh > 2012-09-22 15:38 | Report Abuse

Hehe,what I know is,even the customer r wrong,u need make the WRONG to be right,yea,have fun ad,hahaha

Posted by petracot > 2012-09-24 11:16 | Report Abuse

Pure technical chartist believes that the chart of a stock tells the whole story. The views of insiders and outsiders are all represented in the chart itself. If this theory is correct, JCY chart is telling the market that the near-future financial performance is not going to be rosy.

Some people are hoping that the current flood situation in Thailand will deteriorate and history will replay: HDD factories in Thailand will be destroyed except that of JCY. They say that this is the only hope JCY can reverse the share price down trend.

I think the chances of replaying that history are very very slim. It is better to look at the hard facts of the industry: ASP of HDD is decreasing and competition from SSD is growing every day.

Posted by cendana287 > 2012-09-24 11:30 | Report Abuse

Time will tell whether this is foolhardy. I'm going in for the CF at 0.025, pick up if I have to and wait. But not too many lots though; only what I can afford to lose without having to seek the favour of your friendly neighbourhood Along ("friendly" until one misses payment).

Posted by Yuzuki > 2012-09-24 11:39 | Report Abuse

strong flood ... how .... buy ??? lol .... BFF ??? heheh

Posted by azta12 > 2012-09-24 11:41 | Report Abuse

MC to me this is opportunity for a swing trader.

Posted by cendana287 > 2012-09-24 12:08 | Report Abuse

azta12, that's what I'm banking on. But might have to wait a bit - heavy selling right now, probably forced selling. And 24k lots lined up to sell at 0.03. Scares off the buyer.

Posted by vaneyap > 2012-09-24 14:53 | Report Abuse

I thought it is going to bankrupt which terrible than the counter under PN17.

Posted by blekzz9 > 2012-09-24 15:02 | Report Abuse

Going in some now hopefully can make some duit kopi.. Hehe

Posted by EmoTrader > 2012-09-24 20:29 | Report Abuse

OTW to my target! Always remember never against the trend!

Posted by Howard Bach > 2012-09-24 20:47 | Report Abuse

Hello guys still remember me ? Haha Looking at the circumstances today, the PRIVATISATION plan will be IMPLEMENTED soon

Posted by Howard Bach > 2012-09-24 20:55 | Report Abuse

Posted by Dr Howard Bach > Sep 5, 2012 08:05 PM

Indeed it is oversold. But CIMB and Ambank are going to push the price down further. This is latest updates from my source. They have a big plan earlier on. They issued so many CA and now exercise date is approaching. One thing to think, why they have so many shares to sell? Founding shareholders are lending them shares to create win win situation :-

1. IB & founding shareholders make some profit from ups & downs

Ultimately,

1. IB avoids loss on warrants

2. Founding shareholders intend to privatise the company at 0.60.

Let us discuss again 2 weeks later, no point arguing now. Good luck guys.

Posted by Howard Bach > 2012-09-24 20:56 | Report Abuse

Posted by Dr Howard Bach > Sep 5, 2012 08:41 PM

Andy118,

Your point is correct and it further triggers my worries.

It is very obvious that privatisation plan is on-going after the Thailand flood,

Sequence of events :-

1. JCY listed via " offer for sales" where JCY's parent YKY Investment owned by Mr YK Yong. 25% of shares are sold and Mr YK Yong pocketed all the money, even not a single cent flows into company for development.

Reason for listings : Founder has foreseen bottleneck of JCY and hence intended to realise their value for the past profit and market condition is good, they claimed themselves one of the biggest HDD maker in Asia. With their great promoter, CIMB, equity analyst report favours JCY with high target price set. PLEASE BEWARE THAT BY SELLING 25%, FOUNDER 75% IS A "FREE" SHARES TO HIM.

2. They slashed their listing size and finally listed. At RM1.60 and selling just 470 million shares, JCY will raise only RM750mil, compared to its target of raising up to RM1.2bil to make the sale the largest tech IPO in South-East Asia since 2000.

3. With 2 quarters of poor earning, JCY quickly dropped to the level and trade at the level of 0.70 - 1.20 for a period longer than 12 months.

Posted by Howard Bach > 2012-09-24 20:56 | Report Abuse

Posted by Dr Howard Bach > Sep 5, 2012 08:50 PM

4. Then unexpected event, sudden flood has hit Bangkok and supply chain of HDD destroyed. JCY suddenly enter into a exponential growth rate.

5. Our story starts here. Founders and IB understand the situation and start their plotting.

6. When the share prices are up, it is more convincing to issue various warrants due to high demand of these warrants.

7. CIMB, OSK, AM and founders come with the plan. Founders lend them shares with eventually JCY being privatised at 0.60.

8. During the exponential period, all the research reports written favour the company to anesthetise the common s/holders to absorb their holdings.

9. The more volatile the market, the more easier for them to make money.

10. This will eventually make the call warrants issued in their favour. Even for the put warrants, according to their termsheet, clause No.3, Market disruption event, the settlement clause will change.

Conclusion :

1. Who ever who bought call / put warrants will not in their favour.

2. Who ever who analysed using fundamentals will not in their favour.

3. It is in the favour of IB / founder. Look at the big volumes when it dropped from 1.40 to 0.90, it's scary.

Posted by Howard Bach > 2012-09-24 20:56 | Report Abuse

Posted by Dr Howard Bach > Sep 5, 2012 08:59 PM

KC, your comment makes sense. Understood that there's no malice intended.

1. My source is still CIMB and their counterparts. They are buying in, selling out when the price is declining, rebound, declining again to pocketed some margin. Hence I condemn them as bloody when all their reports said Trading Buy and even issued a notes to investors to public 2 weeks ago that JCY is healthy after their understanding from the company, and investors should buy from weaknesses.

2. Regarding dividends, share buy back, and comparison with Bonia, I have no comments because I do not know what is their intention.

Posted by Howard Bach > 2012-09-24 20:59 | Report Abuse

Just recapped my warning to all i3 investors friend on 5TH SEPTEMBER 2012 when JCY is 90 cents when everyone is buoyant about REBOUND.

Now 0.805. HEADING TO 0.60 SOON. 5 MONTHS TO GO FOR PRIVATISATION.

I AM SPEAKING WITH FACT... THIS CO GOT NO HOPE. DON'T BE FOOLED BY RUMOURS OF BANGKOK FLOOD.

You think those big factory doesn't have contingency plan. JCY is just a counter where everyone is " catching a falling knife", from 1.40 to now 0.80. Forget about this.

Posted by andy118 > 2012-09-24 21:37 | Report Abuse

Thanks Howard. Will be on the lookout.

Posted by ejtic > 2012-09-24 22:02 | Report Abuse

warren Buffet is coming to town..

Posted by passerby > 2012-09-24 22:08 | Report Abuse

You managed to make a come back despite being banned:http://klse.i3investor.com/servlets/cube/post/howardbach.jsp

Posted by Ching Yin Carrot Loh > 2012-09-24 22:15 | Report Abuse

Passerby,good share=)

Posted by Fat Cat Tim Buddy > 2012-09-24 22:34 | Report Abuse

:( what a crazy day

Posted by talk2pkc > 2012-09-24 22:55 | Report Abuse

JCY had its glory but impressively the Thai bounce back much stronger with a more solid set up , don't anticipate to c the Thai b blown away thru river , ha ha Might consider buy some if it drop back to 0.56(oct11) when I bought it n sold at 1.53 (May12 ...... otherwise i just sit n watch the opera with no ending , ha ha

Posted by chongkonghui > 2012-09-24 22:55 | Report Abuse

Interesting.... good for case study.

Posted by datuk > 2012-09-25 09:11 | Report Abuse

apalah jadi? apalah jadi....JCY???? rm0.50???

Posted by Yuzuki > 2012-09-25 09:13 | Report Abuse

lol game over ? hehehe ... easy mah .... just reset the button & press play again lol

Posted by datuk > 2012-09-25 09:15 | Report Abuse

Hi Yuzuki,...Nongnoy in siam ti ....dam pretty/...kikiki

Posted by Yuzuki > 2012-09-25 09:17 | Report Abuse

hehehe i got NongPoy's picture on my wall .... lol .... good luck in your trading datuk

Posted by datuk > 2012-09-25 09:19 | Report Abuse

Not bad!!! tumpang sikit luck on the pretty ladies from siam!!!! brought back some money back home!!!!

Posted by Yuzuki > 2012-09-25 09:24 | Report Abuse

lol market bad i go genting , my fav roulette & carribean stud poker .... of course with my laptop in case i want to hentam beaten down stock hehehe

Posted by Namoyaki Takarajima > 2012-09-25 09:27 | Report Abuse

Yuzuki, Go & gambling in BIG SHIP Better!

Posted by datuk > 2012-09-25 09:27 | Report Abuse

Market is very resilient....i thought will touch 1550 when i return from siam ti....hhehehe.....worse is yet to comes....i think is heading