Of course I m one of the best trader here.. Look at all the negative lousy comments here.. U listen to them sure wont huat Look at my byflux recommendation too
CIMB is not wrong with JCY. Those who knew the HDD sector would know that 1H2012 is going to be tough for the HDD players.
But keep your eyes open for the HDD players in 2H2012.
Broadway has appreciated 32% from 0.250 on 17 Jan to the intraday high of 0.330 today. Personal opinion is that one should consider to take profit on such rally, without any marked improvement in industry fundamentals. Personally its too early to be invested long term yet. Probably can start to accumulate at end 1q / 2q... My 2 cents worth only...caveat emptor Happy CNY!
Not unexpectedly, Broadway pulled back today after the strong run-up. Closed down 1.5 cents to 30 cents.
Announcement by company after market closed will be a dampener on Wednesday trading, IMHO.
1. The Group is expected to record a net loss for 4Q2011 due to impairment charges and operational losses arising from the Thailand flood. The Thailand flood had caused a substantial disruption to the Hard Disk Drive (“HDD”) supply chain in Thailand and affected the production output of the industry. This has resulted in lower customer orders and affected the Group’s HDD sales in 4Q2011.
2. The Group is making an impairment loss of US$4.4 million in 4Q2011 on its fixed assets and inventories based on its estimated flood damages. Although the Group’s fixed assets and inventories in Thailand are fully insured, the amount claimable is subjected to the insurance company’s assessment, which is still ongoing.
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