JEP is an undervalued stock that a major shareholder has just bought today at a dirt cheap price of $0.148! With its good potential, it should rebound to above $0.20 - a price way above the proposed UMS' take-over price of $0.15.
Today, another major shareholder, Mr Andy Luong, UMS' Executive Chairman and CEO has bought 600,000 shares at $0.148.
I like JEP because it has a positive turnaround to achieve an increase in net profit and I believe JEP has good growth prospect ahead due to the buoyant aerospace sector. JEP's key aerospace clients include major aircraft manufacturing giants in the US, the world's largest aerospace market.
1. big swing from 0.3 million loss in 1H18 to 3.3 million profit in 1H19.
2. Commentary by JEP points to benefit from US-China trade war:
The US-China trade tension and the changes in the global trade agreements have disrupted many supply chains across the world especially in China. Aerospace OEMs are looking for risk mitigation and this has actually created a very exceptional opportunity for JEP, who has well positioned ourselves with strong Aerospace manufacturing know-how, excellent quality performance, and competitive manufacturing cost strategy.