Dear avid fundamental investor
This couple of days could be your last
few chance to bag into Jaycorp prior before the announcement of the
coming Quarter Report. So remember to put Jaycorp in your watchlist
tomorrow
JAYCORP JAYCORP JAYCORP !!!!
This stock is definitely not for
speculation, and only suitable for those looking to hold for a good
period of time, say 6 months to 1 year or more.
Jaycorp is more towards consistent dividend income with a steady growth of capital appreciation.
Jaycorp is more towards consistent dividend income with a steady growth of capital appreciation.
To recap, Jaycorp main business is
furniture manufacturing and export. Jaycorp also owned their own
rubberwood supply at Indonesia, and also venturing into property
development at Sabah through a 60% owned joint venture company.
The past 3 quarter had been putting in
amazing result, however the share price did not rise much probably due
to the liquidity and also market sentiment which is still volatile with
US China trade war.
But look at it, Jaycorp past 3 quarter performance
3.4 cents + 4.69 cents + 3.67 cents already made up 11.67 cents.
This quarter if can perform to 4.5 cents, that would be putting 4 rolling quarter earning at 16 cents.
Valuation for such good fundamental and dividend paying company can go PER x10 = RM 1.60
So Jaycorp still have a 60% room for capital appreciation at the current price which is below RM 1.00
WHY COMING QUARTERLY RESULT SHOULD BE GOOD?
Since Jaycorp quarter result is 1 month
later from the other, we can estimate how the furniture export sector is
doing by looking at their financial result. If most are doing great,
then that would be safe to assume that the industry sector is coming
back, and most should be doing better.
As you can see, Liihen result also got stronger with higher revenue and even higher EPS.
Therefore, you can assume if there is no
major shocker, Jaycorp result should be around the range of 4+ cents
earning in the coming quarter report release.
Since the price had not go up much,
buying now before the news come out, then you will have advantage of not
needing to chase the share price when the news is out.
FINAL CONCLUSION - REMEMBER TO INVEST IN JAYCORP !!!
https://klse.i3investor.com/blogs/targetinvest/210718.jsp
