JCY International Bhd, a Malaysian disk-drive components maker, fell in Kuala Lumpur trading after CIMB Group Holdings Bhd advised investors to “take profit” after the stock jumped 27.5 percent yesterday.
Its shares fell 1.7 percent to 57 sen at 9:07 a.m. local time.
CIMB downgraded the JCY to “trading sell” from “trading buy,” following yesterday’s price rally which it was triggered by expectations that the company may benefit from increased orders after its Thai competitors were hit by floods. -- Bloomberg
Its shares fell 1.7 percent to 57 sen at 9:07 a.m. local time.
CIMB downgraded the JCY to “trading sell” from “trading buy,” following yesterday’s price rally which it was triggered by expectations that the company may benefit from increased orders after its Thai competitors were hit by floods. -- Bloomberg
