♦ Within expectations, but below consensus. JCY reported 9MFY09/10
core net profit of RM206.3m, which accounted for 84.2% of our and
67.2% of consensus full-year estimates respectively. We consider this to
be in line with our estimates as there could be potential earnings
weakness in the coming quarter as demand for hard disk drives (HDD)
moderates and price competition intensifies.
JCY International Berhad : Lower Shipments In 3QFY09/10 - 23/08/2010
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