JCY climbs as beneficiary of higher prices

by **hlk** Thu 15 Dec 2011, 19:25

KUALA LUMPUR (Dec 15): Shares of hard-disk drive manufacturer JCY
International advanced in the afternoon session on Thursday as analysts
were optimistic about its earnings outlook as its competitors faltered
following the fallout from the severe floods in Thailand.

At 3.55pm, JCY was up 12.5 sen to 83.5 sen with 27.85 million shares
done. Its call warrants, JCY-CD jumped 10 sen to 31 sen with 70.88
million units transacted.

The FBM KLCI fell 4.0 points to 1,459.12. Turnover was 1.13 billion
shares valued at RM817.38 million. There were 258 gainers, 412 losers
and 302 stocks unchanged.

“Buy JCY as we expect strong near-term earnings on higher average
selling prices and allocations,” said CIMB Equities Research in its
report on Wednesday.

by **Cals** Thu 15 Dec 2011, 20:27

hard disks prices are 80% appreciated, with the normalization of thailand in Q3 2012; no wonder this fellow lari kuat2

JCY climbs as beneficiary of higher prices

JCY climbs as beneficiary of higher prices

Re: JCY climbs as beneficiary of higher prices