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JurTech
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singaporegal
Supreme |
06-Sep-2006 21:46
Yells: "Female TA nut" |
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DanielXX is right.... from TA outlook, this stock is on a downtrend. |
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DanielXX
Member |
06-Sep-2006 17:51
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As a pure play on Motorola manufacturing, this counter is now more risky than before. Those hoping for a return to $2 can forget it. If they depend on Motorola for 75% of their earnings, their negotiating power is going to be considerably weakened. I wouldn't buy this if I was holding cash and looking around. US consumption is seen to weaken, and technology will definitely be one of those affected. Like it or not, the tech cycle still depends primarily on the US. |
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Nostradamus
Supreme |
06-Sep-2006 17:26
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It was higher on optimism that its earnings will continue to grow despite losing its HDD customer Maxtor which was acquired by Seagate Technology, dealers said. CLSA Asia Pacific said strong contributions from Jurong Tech's wireless communications segment, which account for more than 75% of group revenues, should help offset the loss of the HDD business. "We see momentum (in the wireless segment) accelerating into the second half of 2006, driven by Jurong Tech's participation in Motorola's wireless accessories program," CLSA said in a note to clients. The brokerage expects Jurong Tech's net profit to rise to $81.2m this year from $66.5m in 2005, and further to $91.0m in 2007 and $100.3m in 2008. Apart from new wireless projects, Jurong Tech has started producing electronics systems for automotive components supplier Magna and is also boosting its LCD TV assembly business. CLSA rates Jurong Tech a "buy" with a target price of $1.63. |
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cashiertan
Elite |
16-Aug-2006 15:59
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Np, however take my sell signal as 1 of the technical indicator. do ask singgal and other pro too. good luck! |
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jessie
Senior |
16-Aug-2006 15:39
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Cheers ! Going to hit my breakeven liao.... Cashiertan, thank you very much and would really appreciate your continued update and guide us when to sell. |
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cashiertan
Elite |
16-Aug-2006 14:50
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Just did a double bottom, this counter should have no problem hitting 1.32 soon. volume looks good Rate : 3/5 |
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cashiertan
Elite |
16-Aug-2006 14:47
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buy and sell within this week or two should be good chance of making $. Good Reccommendation |
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Sporeguy
Elite |
16-Aug-2006 14:43
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For this wave, Jurtech may reach at least $1.26 and then drop to support at $1.16 |
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nsengkia
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16-Aug-2006 13:56
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I am vested. But: From Jurong Tech Press Release "Group net rose 12.2% to $17.2 million in 2Q06 from $15.3 million in 2Q05 on the back of revenue of $249.2 million and $433.0 million, respectively. The decline in revenue was due largely to the transition of certain wireless programmes from turnkey to consignment basis." From the same accompanying Financial Statements "Effective 1 April 2006, the estimated useful life of certain machinery and equipment were changed from five to eight years. The use of these assets and the advancement of the associated technology have desmonstrated that eight years is a more reasonable and accurate economic useful life, so the Group has aligned the depreciation expense associated with these assets with their future economic benefit. As a result of this change in estimated useful life, the Group recognised lower depreciation expense of approximately $3.5 million in 2Q 2006 (than would have been recognised without the change in useful life)." Take care w.r.t. the fine print. |
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Nostradamus
Supreme |
15-Aug-2006 15:44
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Jurong Technologies rose as much as 6.5% to $1.15 after the contract electronics maker reported a jump in its second-quarter net profit. Jurong Tech said on Monday that second-quarter net profit rose 12.2% to $17.2 million. CIMB-GK analyst Jonathan Ng said in a note on Tuesday that he had raised his price target for the stock to $1.58 from $1.52, and maintained his "outperform" rating, citing potential catalysts from the firm's new businesses. OCBC Investment Research upgraded its fair value estimate to $1.44 and raised Jurong Tech's revenue and earnings forecast for the 2007 financial year. |
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bsiong
Supreme |
26-Jul-2006 11:26
Yells: "The Greatest Wealth is Health" |
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http://www.remisiers.org/research//JurongTech-240706.pdf |
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Nostradamus
Supreme |
26-Jun-2006 01:50
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The correction that started at $2.10 in mid-Sept '05 has retraced more than 50% of its mult-year bull run. The 50% downward retracement level could provide the platform for a counter-trend rally. Oversold technical indicators are supportive of a counter-trend rally. The 8-week RSI registered a reading of only 10.5 before rebounding. This is an oversold level not seen since Oct 2000 (10.97). The ensuing oversold rebound in Oct '00 lifted the price 50% higher in 3 weeks. Daily technical indicators also point to a counter-trend rise. The daily stochastics is showing a positive "hook" at oversold levels. The daily MACD has just crossed above its trigger line, signalling a "positive alert". The 14-day RSI is basing on oversold levels and starting to rebound. The stock has broken out of its downtrend line. |
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Sporeguy
Elite |
25-Jun-2006 15:54
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Hi Sporegal, What is your view on JurTech ? The closing prices have hit the low of 94c a few times, but the RSI has moved from the 20s to the 30s and the W5R moved from -98 to -60 breaking the oversold indicators. Thanks. |
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singaporegal
Supreme |
21-Jun-2006 12:35
Yells: "Female TA nut" |
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still downtrending... I think its going to continue being oversold for some time. |
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Kamashare
Member |
21-Jun-2006 10:41
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JurTech price is also near 52 wk low. |
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Sporeguy
Elite |
21-Jun-2006 10:26
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Jurtech's both RSI ( 26.2 ) and W%R (-94.5 ) shows oversold. Any comment |
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Gallen
Senior |
20-Apr-2006 20:10
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Extracted from my blog http://kelongstocks.blogspot.com Please support my blog if you find the writeup informative. [B]Technical Analysis (update)[/B] Jurong Technologies retraced today after hitting a double bottom neckline resistance at $1.74. Sentiment was hurt by a downgrade by DBS Vickers (see below). Prices look likely to drift downwards towards minor supports between $1.58 to $1.60 if $1.62 fails to hold. Resistances: $1.77 (EMA 200 and downtrend channel resistance - thick blue line) $1.74, $1.69/$1.68 (hammer support turned resistance in late Dec 05 and mid Jan 06) Supports: $1.62 (resistance turned support 22 Dec 05) ,$1.54 (support during Jan 05 and 61.8% Fibonacci retracement), $1.52 and $1.50 (recent supports in Mar and Apr 06) .............continued at my blog (including FA comments) |
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Gallen
Senior |
20-Apr-2006 20:10
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Extracted from my blog http://kelongstocks.blogspot.com Please support my blog if you find the writeup informative. [B]Technical Analysis (update)[/B] Jurong Technologies retraced today after hitting a double bottom neckline resistance at $1.74. Sentiment was hurt by a downgrade by DBS Vickers (see below). Prices look likely to drift downwards towards minor supports between $1.58 to $1.60 if $1.62 fails to hold. Resistances: $1.77 (EMA 200 and downtrend channel resistance - thick blue line) $1.74, $1.69/$1.68 (hammer support turned resistance in late Dec 05 and mid Jan 06) Supports: $1.62 (resistance turned support 22 Dec 05) ,$1.54 (support during Jan 05 and 61.8% Fibonacci retracement), $1.52 and $1.50 (recent supports in Mar and Apr 06) .............continued at my blog (including FA comments) |
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Gallen
Senior |
03-Apr-2006 17:58
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Technical rebound continues today, tech sector very strong now, don't mess around with jurtech :P |
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diesel
Member |
31-Mar-2006 23:00
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Hi Gallen, interesting views, I also agree that exiting the hard disk biz is good. This sector is no longer profitable. But co needs to diversify its customer base more. |
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