Thursday 5 January 2012

JCY Intl jumps on bullish profit forecast

JCY International Bhd, a Malaysian disk-drive components maker, jumped to its highest level in almost 17 months in Kuala Lumpur trading after saying it expects a 19-fold surge in 2011 profit on higher selling prices.

The stock gained 3.4 percent to RM1.22 at 9:04 a.m. local time, set for the highest close since Aug. 13, 2010. -- Bloomberg



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