Updates on JCY International

As promised, an update for JCY international ipo. I know the subscription period has ended today at 5pm. The outcome is I did not subscribe. I repeat: I DID NOT SUBSCRIBE JCY INTERNATIONAL IPO. One of the reason is the PE is a lil' too high if we were to compare to its peer, Notion Vtec. PE for JCY is 20 while for Notion it's only 12. Of course it might rise to RM2.20 on its first day of listing. But in the long run, it might lose its steam and eventually will go to its fair value, which is PE around 15-18.

Other than the PE thingy, here's the reason why I did not make any move for it: I LOVE NOTION VTEC



Anyway, I also did not get my hands on Notion. Today I bought in something, GENS-C1. It's one of the call warrant for Genting Singapore listed in KLSE. There are 5 GENS call warrant in KLSE. So why GENS-C1? Basically, its because of the low premium. I don't wanna show the premium calculation here. You can calculate it yourself (you can drop me a comment if you're desperate for the calculation). Why GENS call warrant now? Because of the casino license. Eventually it will fly. Let's see if it really flies before CNY. :D