wow... big bomb, renewable energy plant shutdown due to upgrade, rising rubberwood cost and ringgit strengthening killed the result. Am curious though, with the sudden reduction in interest with kiln dried wood in Indonesia
JayCorp has a healthy balance sheet and a net cash company. We have seen first Pacific-Mudajaya-JEC partner emerged as a bidder for this big government project, MRT3. Most likely JEC-Mudajaya will successfully bid for Sabah Borneo Highway Project before GE 14. And also get some PR1MA projects. These will contribute positively to JayCorp income. So, try to hold if you can.
Many points mentioned by Chairman were fully (including hedging, bid actively for construction projects) fulfilled except high demand of furniture from China and US (The Group’s furniture segment is expected to benefit from China’s high demand for imported wooden furniture and reconstruction efforts following recent natural disasters in the USA.) . Perhaps it needs one more quarter to see it happens.
Just dump it , forget it , crucial conserve capital . Get the cash and into better bargain share with good future earning prospect and solid FA. TA downtrending .. clear position.. if love this co .. get back in at much lower price .. kikiki happy trading .. risks all yours. yours.
Trade at our risk. We are investing (long term, 3-5 years), not trading. After all it is illiquid here. Not much volume everyday. Only special event, got high volume. Amit is too pessimistic while somchik talks cock (he is new in trading/investment).
Positive points of JakCorp: 1) Fully hedging forex (Hevea 70% while others no hedging) 2) Renewable energy business will contribute more profit after the overhaul for 2.5 months last Q) 3) Cartoon Boxes business is growing to make more profit. 4) Construction business is positive. Waiting for big tender results for Pan-Borneo Highway Project and PR1MA. MRT3 project bid result is still unpublished officially)
Negative points: 1) No more news about demand from China and US. Furniture business is a bit lesser. 2) Kin-Drying business is incurring a loss --- Not managed well and due to high material cost.
Panic selling is normal and a must nowadays especially bad Q result... Some with even good Q result also cannot go up and faced selling too... Retail investors are jumping from 1 ship to another blindly. The more they want to gain fast money, the more they are going to lose even from the transaction fees alone...
10% - 15% drop is reasonable. More than 20% is definitely panic selling unless there is change in fundamental or expected impact on profits for subsequent quarters. For Jaycorp, this Q is more of a 1 time correction.
disaster QR, profit earning less sharply. but good news still profit making and can holding for long period. the furniture market profit still at low tide. price drop speed like evergreen, but share price evergreen was stable. Jaycorp still need one to two week time to stable the share price.
TA downtrending .. anytime price improve beyond 97 is time to dump it a lot more cos ..all those 2.5 millions bought last 4 trading will also trying to lock profit(sell).. good luck till the nx qter report, happy trading kikiki.. risk all yours
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shortinvestor77
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Posted by shortinvestor77 > 2018-03-23 19:32 | Report Abuse
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