Quick take: JCY skids 9% as major customer stop purchases

TheStar Fri, Jan 15, 2021 09:28am - 3 years View Original


KUALA LUMPUR: Shares in JCY International Bhd tumbled over 9% in early trade Friday after its major customer cut order and eventually to stop purchases.

The hard disk drive components manufacturer, the third most actively traded counter, tumbled 9.4%, or 5.5 sen to 53 sen with over 62 million shares traded.

JCY-C11 shed 21.43%, or 1.5 sen to 55 sen while JCY-C13 fell 18.18%, or one sen to 4.5 sen.

JCY said a major customer has decided to reduce and eventually stop purchases of one of the company's component products.

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Related Stocks

JCY 0.255
JCY-C11 0.005
JCY-C13 0.015

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