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agree with singaporegal on the downtrend. quite a steep one too. pls be cautious. support is abt 80c.
in addition, DBSVB call as per pasted below, accurate to 16th march:
-----------------------------------
Jurong Tech Ind Corp
Frail Outlook
Story: Jurong Tech?s business prospects are lackluster for FY07. Although
the new business momentum going into 1H07 is healthy, 1H07 performance
would still be lower y-o-y, due to the loss of Maxtor business.
Point: FY07 revenue should continue to grow on the back of new business
segments, but these are lower margins compared to existing business.
Therefore, we expect FY07 net profit to fall by 8% y-o-y. Furthermore, the
company is exposed to the risk of a slowdown in Motorola, which now
accounts for over 70% of total business. Jurong Tech is actively looking to
diversify its customer base.
Relevance: We have trimmed our estimates on earnings by 15% for FY07.
Taking into account customer concentration risks, high gearing ratio and
expected decline in net profit, we maintain HOLD for Jurong Tech. Our
revised target price of S$0.98 is pegged to 6.5x FY07 PE, based on the
lowest historical PE of 6.2x.
this one quarter after quarter reporting increased profit, but price always go opposite. what does that mean?
mkt already price in its future potential...
From TA charts, it looks to be on a sustained downtrend. Be cautious
"revenue is mainly due to a change in revenue-recognition model from buy-sell to
consignment basis for several key wireless programmes. Net profit margin rose to 5.5%
from 3.5% in FY2005." - taken from their report.
So meaning that they will not depend on the lousy Motorola anymore in the future. Look to a brighter future!
Well, as long as they can get enuf orders from some other brands.. hehe
Haha. Thats a good one nicky. Thats what the sales people would say. As long as it generates income, just give what the customer want.
But for the engineers, I dont think they will be too please with so many standards.
What a world we live in~ I am not complaining, I am just happy where I am and having the ability to make MY OWN LIFE better.
well..watever N standard who cares? as long as the build orders come thru can liao wat...actually the more standard the better...Brand builder orders will keep coming in...hee
Until N has a de-facto standard, every brand will take a stab at it going with the DRAFT version which will lead to inter-brand incompatibility as we see it now. That aside, will JurTech be the one getting contracts from Netgear, Belkin, D-Link, Linksys etc etc? OR just Motorola again.... ? :p
Since wireless products remains as one of the main business, and wireless is such an IN thing nowadays... and with 802.11n standard coming up... i really think theres a good chance...
at least, i hope.. :)
chance is there lah...2007 look to be a year where IT gadgets are hot..already Samsumg are looking to vietnam to buidup their chip plant...i thk this counter got the chance there to revive...prob is WHEN ??? hee...comments?
oh, whats the chance of its revival?
let c it hit genting price.
peace *salute back* hee....
wah!! 86cts !!! looks like can short for a while... :P cheers to more $$ :)
Never expect this counter to plunge so badly. Not vested.
nickyng, you sure live dangerously. Good mercenary material - high risk taker, craziness and a good sense of survival.
Have to salute you for that :)
Peace
well...rule of engagement is simple....if u hv faith(ur own researchs..etc) u BUY when ppl DUMP...if u dun hv faith...ppl DUMP u SHORT even more...either way make $$$$ :))))))))))))))))))))))
for me i depends on situation...sentiments..hee...flexible..but play SMALL time only hor....lost also not alot...win..win abit kopi $$ :D
At least 2 Research Houses consistently gave high TP wrongly even after poor results released & BBs started selling. Can't trust them at all!. CIMB also cut TP from $1.71 to $1.14 on 28/2/07.
 |
| 16-03-2007 |
Singapore Hot Stocks-Jurong Tech falls as DBS cuts price target |
SINGAPORE, March 16 (Reuters) - Singapore's Straits Times Index <.STI> fell 1.08 percent to 3,061.31 points at 0247 GMT. Stocks and factors to watch:
Jurong Technologies Industrial Corp. , a contract
electronics maker, fell as much as 2.2 percent to its lowest level since October 2003 at S$0.88, after DBS Vickers cut its target price to S$0.98 from S$1.27.
"Financial year 2007 revenue should continue to grow on the back of new business segments, but these are lower margins compared to existing business," said DBS analyst Sachin Mittal and Tan Ai Teng in a client note, adding that they expect net profit this year to fall by 8 percent. "Furthermore, the company is exposed to the risk of a slowdown in Motorola , which now accounts for over 70 percent of total business," they said. Mittal and Tan kept a "hold" rating on the stock. Jurong Tech was one of the top percentage losers among blue chips in morning trade.
0247 GMT |
wonder BBs can start unloading?? so i can start shorting again ? hee...but getting riskier now :D
oops...correction shld be ard 11.47am after my posts :P
nope...i m not crazy...covered my short ard 11.24am at 85.5cts hee....
phew!! :P kopi $$ to buy food oni leh :P
no la harryp, I didn't short la.. only nickyng crazy one... seems like his pants is burning now, well, still got 3 hours for him .....
