Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Thursday, April 19, 2012

JCY likely to maintain strong earnings in Q2

HUGE SURGE: Net profit rose by more than twentyfold to RM162 million in first quarter from RM7 million previously

JCY International Bhd's second-quarter earnings could be as strong as its first-quarter figures.

Southeast Asia's largest technology company is expected to release its second-quarter earnings by the middle of next month.

"Our production output should be on target," said JCY finance director, James Wong, in an interview with Business Times recently.

He added that the company has been doing well in the current quarter (second quarter), subject to external factors such as fluctuations in the currency markets.

In the first quarter ended December 31 2011, JCY's net profit surged more than twentyfold to RM162 million from RM7 million in the same period a year ago.

The huge surge was attributed to the flash floods in Thailand which had caused havoc to hard disk-drive (HDD) component manufacturers based in the kingdom.

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