Kenanga expects 100% upside for JCY on HDD upcycle


KUALA LUMPUR: Kenanga Investment Bank Research is expecting JCY International Bhd's valuation to double on massive earnings growth as it benefits from the upcycle in the HDD (hard disk drive) market.

The research house has a "trading buy" call on the stock with a fair value of RM1.35, which represents 100% upside to the last traded price of 67.5 sen on Tuesday.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Vietnam's call for lower lending rates for priority sectors
‘Panic’ blamed for Indonesia's record stock market outflows
Carney’s pipeline push unlikely to bring back oil field jobs boom
BlackRock sees tokenised funds entering Wall Street
The Global South is wiring up for an electric future
Planter faces investigation over fire
Australian DC power delay exposes AI bottleneck
Vietnamese brands need competitive edge
Palm output in Malaysia to hit record before drop, growers say
AI stocks bounce back after bruising selloff, CoreWeave gets Goldman upgrade

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read