KUALA LUMPUR (Dec 15): Shares of hard-disk drive manufacturer 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.
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.
