JCY Earning Increased 130%

JCY INTERNATIONAL BERHAD
- Second Quarter ended 31/03/2012
- Announcement date 17/05/2012

Why JCY up for last few days?

The flooding in Thailand have benefited JCY International Bhd, as its share price chalked up impressive gains from last few days of trading.

The floods causing most of its competitors' factory being shut down their operations, these could created more demand for the company.

The company factory in Thailand are located in the high-ground area of Saraburi but 70% of JCY's capacity are coming from its factory in Johor Baru.

These severed flooding in Thailand has causing two largest hard disk drive manufacturers Western Digital and Seagate Technology to shut down the factory operation there.

This is the most impressive run for the share price after its IPO last year but it was way behind IPO price of RM1.60.