Analysts cautious on billionaire's hard-disk drive maker JCY International

WHEN news that low-key Malaysian billionaire Yong Yoon Kiong's company JCY International Bhd was to be listed on Bursa Malaysia first hit the market back in 2006, there was a lot of excitement.

Not only was the hard-disk drive maker going to be the largest technology firm ever listed on Bursa, it was also supposed to be the biggest initial public offering (IPO) for South-East Asia in many years.