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.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Kenanga Investment Bank Research , JCY International , HDD

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