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KYY Jabs With Analysts - Commentary - Salvador Dali
KYY's comments about the broking firms/analysts who might be deliberately pushing down Dayang's prices were uncalled for, over the top, childish, naive and petulant.
1) You may attack a research report, BUT on merits, please. You may dissect their assumptions and projections - if you find fault with them, call them out as weak research. To jump to "pushing down prices" is WAY, WAY, BELOW THE BELT. It is like your own kid who comes home past the 10pm curfew, say 1am, and immediately you jump to the conclusion that he must prove that he has not been doing drugs.
2) Why must all research agree with your market position? If all research analysts must follow KYY's golden principles, then no need to have other opinions. And yet when the negative research reports came out, there was only one point argument made by KYY as to why the analysts must be weak to not see the lofty and positive projections by KYY as being close to prophetic.
3) Why write to SC??? If an investor felt that he/she has been wronged or cheated, then he/she may have a case. This is like a kid crying running back to mummy cause his ice cream fell to the ground.
4) To buy at lower prices??? We ALL want to buy at lower prices. So what if all brokers buy at lower prices? If they think RM1.70 was too high, and it falls down to RM1.20... maybe I will buy then. What is wrong to buy lower? The insinuation was that they acted maybe collusively to shock the market down for Dayang. That may or may not be true but you cannot seriously SAY that out loud that you SUSPECT they may be depressing Dayang's prices UNLESS you have solid evidence.
Even then, what kind of evidence do you think you can have? That they bought 100m together from RM0.90 sen to RM1.30, and sold at RM1.60... and being clean of slate they proceeded to issue sell reports? Is this the kind of evidence you are seeking? If you are, sorry man, even if you find that to be true, it is willing-buyer willing-seller.
Firstly, to determine that the company bought, ... which account or accounts are you referring to - remisier, proprietary, fund management?? You can't attack remisiers' accounts as they act for their clients. You cannot whack prop traders as they act on their own behalf, only that they share their gains with the company. Hence if you want to target your complaint properly, it should be to look for transactions by "in house, broker owned fund management transactions" - I think I said too much.
Then you have to link the analyst to the said buyer/seller of shares - how, how did the analyst benefited... I think easier to convict Jho Low la.
5) ... and my dear friend, why say you have 30m shares???!!!... if you are writing to SC, THEY KNOW ALL YOUR TRANSACTIONS la. Is it for the "readers" to read that? Your reaction to that statement as a writer and your underlying assumptions and motives will be very revealing for your goodself.
The same goes for all readers when we read that statement: jealous ah, good for him ah, none of our biz, a bit ego ah??, its just a stock trade ... How we react internally tell ourselves a lot about our own prejudices, biases and character.
6) What I found "jumping to conclusions" too much was the statement that the brokers were depressing to buy at lower levels. KYY cannot accept the fact that there might be other learned people who may not feel the same way. To KYY, all learned people in the industry MUST FEEL THE SAME WAY about the stock, everyone is positive, only that some chowkar wanted to buy cheaper. I mean, come on la.
7) Plus ah... when did Malaysian research reports become so influential??? Just look at the production rate of all analysts - they issue notes and reports at least a few times a week - how influential are their reports. Go find the correlation. Monkey throw darts also sometimes hit bullseyes, and to me, that was largely what happened. The closest approximation to some kind of misdeed may come from (if any) the "fund management" side (size) ... look into that area. Because largely all that barking KYY was up against the wrong pokok.
8) While I say most analyst reports locally are not influential, they do matter a bit more when the stocks have been very volatile. Any stock that has surged or dropped perceptibly over a short period of time (1-2 weeks) are bound to be highly sensitive to any kind of newsflow. Not just Dayang... look at Prestariang and MY EG (on the way up and down)... there were just as many negative reports on MYEG and Prestariang on the way down... why no calls of collusion to depress prices to buy cheaper?
9) Look at the November 2018 report, a BUY at around RM0.70... target RM0.86. Subsequent to that, I think he upgraded the target price to RM1.15. Now KYY is whacking an analyst who has called a 40% gain in a stock correctly. To be fair to the analyst, he did not call for an immediate SELL when it went past his target price of RM1.15 ... while waiting to speak to the management of Dayang, the stock went even higher to RM1.70. To call a SELL on a stock that has surged past your target price of RM1.15 within a week or two to RM1.70 is called PRUDENT. On March 12, he can only call a BUY, SELL at RM1.70. Imagine your last target 10 days ago was RM1.15... how to follow up with another report for a higher target price than RM1.70?
The analysts have sufficient reasons to call for whatever target price they feel comfortable. This is my most important point, if the analysts had been working with in house funds or in-house fund management units - wouldn't they have all ISSUED A BUY REPORT much earlier with EVEN MUCH HIGHER TARGET PRICES??? If I bought a huge position and I want to exit at higher levels, I would call the analyst to issue a lofty report. So there was none of that.
Because KYY couldn't use that Occom 's Razor explanation, he had to go for the more difficult explanation of depressing prices TO COLLECT CHEAPER. Bollocks.
10) If KYY believes his target price of RM3.00 is achievable by 2020, why the petulant behaviour over short term gyrations? Some more, KYY thinks these brokers-analysts might be colluding to BUY cheaper, so they are still long term buyers. So don't worry la... cannot kick up a fuss everytime don't kena 4D.
11) KYY's second para above: .. "big institutional investors are responsible ..I have seen 150m shares changed hands .."
That statement might shed light on a naive understanding of volume traded in any stock. If a stock had 150m volume, largely 30-60% of the volume would have been churned by certain day traders and prop traders (who may or may not be acting in concert with certain people). Having that as a backdrop, it is easy to see how some day traders or prop traders could accelerate a stock's rise or fall by sheer momentum: e.g. buy 10m sell 8m Day 1, buy 15m sell 10m Day 2, buy 10m sell 12 m Day 3, etc... that kind of activity (momentum build up in volume and price upticks) will be highly successful when the planets are aligned (good sentiment, right sector play, strong catalysts ... all in Dayang's favour). Thus you will find more than a few of these bigwigs besides KYY holding 5m-20m position each and basically encouraging more participants as they go along. Any sign of bad news, real or fake, will trigger a landslide.
But as in most things, they will revert to the mean. If Dayang's prospects are really great the mean will be on an uptrend anyway, why bother about the noise?
In my view, that's what happened to Dayang.
https://malaysiafinance.blogspot.com/2019/03/kyy-jabs-with-analysts-commentary.html
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Discussions
8 people like this. Showing 50 of 98 comments
uncle already sailang using his margin acc, share price drop meant he have to top up new money or sell off to meet margin call , thats why he angry
2019-03-25 20:43
Taking it as a test case I m glad KYY writes to SC
SC shd b very very very accessible in order to take care of d interest of ikan bilis especially
Writing to SC shd not b something grand but instead shd as a matter of course
I myself hv bones to pick wit apparent IDSS abuse in Hibiscus
2019-03-25 20:53
By writing tis article u r scarring off n making ikan bilis to think 3 times b4 they dare to write to SC
Instead choosing to suffer in silence
I r doing a disservice to d whole community
2019-03-25 20:58
It is always funs to see the true characters of all kinds of people in stock market, some pretending he is God, helping lowly people how to make big money.
Some worshing the “God” for he is helping them.
All I see is an old man main wayang kulit all the time.
2019-03-25 21:01
It is not easy to push up the momentum and so easy to shoot down by someone as they like
2019-03-25 21:07
This Tan KW and his followers are such rude and not respecting uncle kyy. There's always a reason and fact for kyy to write to SC. Just because you hate this person and you managed to write an article to insult him and making things chaotic. Shame on you, uncle kyy is such a legend in bursa history who brings glory and wealth to his followers, what are you? Maybe your 'child' is the word to describe you.
2019-03-25 21:20
Warren buffet
If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
2019-03-25 22:07
Haha, not sure if he ada otak tak? What? Tan KW & his followers? Haha, laugh die me......
But one thing for sure is that he is the blind follower of KYY.
==============================
Ww1234wW This Tan KW and his followers are such rude and not respecting uncle kyy. There's always a reason and fact for kyy to write to SC. Just because you hate this person and you managed to write an article to insult him and making things chaotic. Shame on you, uncle kyy is such a legend in bursa history who brings glory and wealth to his followers, what are you? Maybe your 'child' is the word to describe you.
25/03/2019 9:20 PM
2019-03-25 23:44
We do not need any bittch IB to help us get to RM2, RM3, or even RM4.
We just want them to fukkin stay away from us.
This is not just about Yew Yin alone. This is about all of us long holders of Dayang.
2019-03-26 01:24
And thank you, Yew Yin. For taking up this issue with SC. Great stuff. Well done, dude.
2019-03-26 01:41
2 lucky fellows did not have good grades to manage fund for KYY.
Many said, Dali with his impressive bombastic england was 1st to be sacked by KYY within days.
The other 1 u sure know edi.
Only otb passed till now. How long can he last?
2019-03-26 03:01
He worked for Yew Yin & got sacked? No frekkin wonder. Well, it's all just bloomin sour grapes then.
2019-03-26 05:36
SaveMsiaFromPHGov Fukk off, SalvadorDali. Yew Yin did the right thing bringing this case to SC. I support him all the way. It was so obviously a targeted & coordinated collusion job.
3 bittch IBs reporting a downgrade on only one fast rising O&G firm, i. e. Dayang. On Friday, Monday & Tuesday. While sparing 2 other similar O&G fast risers, Carimin & Penergy. What can be more obvious than that.
And why don't they also give a downgrade to Kenanga's TP? It's obviously not worth 90 sen. Maybe 30 sen is a more reasonable figure.
25/03/2019 9:32 PM
CoolBull Bollox, SalvadorDali.
26/03/2019 5:45 AM
26/03/2019 6:19 AM
You all are very very greedy, you bought at a low price and the price had move up 200% and you are not satisfied, what else do you want, you might as well said the price should go up to RM$50, wouldn't that be very very nice for you greedy pigs,
What Dali wrote are very very factual and the truth and shame for your greedy guys to scold him all sorts of names, call that yourselves, you bastards.
2019-03-26 06:24
We are not 'greedy'. We are efficient players who always desire maximum output for any input.
'greedy' is only a much abused term preferred by envious & jealous latecomers who have missed the early boat and only much, much later are desperately trying to catch up.
2019-03-26 08:52
Lol. Really funny some of these guys. Relax. If you're Dayang holders like you really proclaimed to be, then would this be the best time for you since you can buy more? TP is RM3+ in right? What are you waiting for? Sailang all. Heck, follow Uncle to the book - use margin and sialang all as well. Fat wallet fat wallet. Right?
And QQQ, you are right those who win deserve to win, those who lose deserve to lose. But some of the discussion is not about that fact, it is about how funny it is for Uncle to be complaining to SC. Because you know... hahaha... hehehe
And to the rest, why do you even bring up Mr Tan KW into this? He is just sharing an article. How funny can we be in this comment section? haha
2019-03-26 09:08
CoolBull We are not 'greedy'. We are efficient players who always desire maximum output for any input.
'greedy' is only a much abused term preferred by envious & jealous latecomers who have missed the early boat and only much, much later are desperately trying to catch up.
26/03/2019 8:52 AM
Efficient? my foot...just call yourself GREEDY, that's the ONLY word for you all.I don't bother to enter or buy but as I see that you all are tying to con the newbies, that's one thing that I hate most for people to con others.You have 2 hands , so try to do a proper job, go get yourself a decent job instead of everyday day in and day out, you try to con the newbies, so pitiful your bastards, don't want to work but here you are best in trying to con newbies.
2019-03-26 09:55
OMG! I don't see anything gracious making money from this kind of trading. It's a bloody zero sum game and you make at the expense of the newbies and the ignorant, maybe greedy as well but don't sprout religous words at the same time! I don't dispute the fact that DAYANG has the potential of a RM3 TP but not next week or even next months, at least another 2 or 3 quarters. This was pure goreng and nothing more!
2019-03-26 12:19
The problem with Koon Yew Yin. If he choosed to support the Mahathir's government, he must support his current government as well all the way whom Mahathir places his trust on. About 6 months ago, I recommended to him to help the Perak Government and at the same time help the Perak community to own as much MjPerak shares as possible (since MjPerak has so much Perak landbanks). Buying MjPerak shares is a Win Win Situation for him as he is so old already. At least he can do "something good" for Perak before he passes on later which is for sure as everything is impermanent in this world. MjPerak total number of shares is just so small for him to help if he wanted to. He can easily bring Perak up with just a simple move but he refused but chooses to push Cariman and Dayang up instead. What a pitiful old man? It is still not too late to help Perak as well as himself where he lives from young to old age. Long lives Koon Yew Yin. Please do not quarrel or fight with people you do not like anymore. With your capability now, you just smile your way to the banks. To Mr Koon Yew Yin, Cheers and Long Live Koon Yew Yin. May you be well always. Thank you for listening.
2019-03-26 15:50
TP3 is not such a fantastic figure, really. It is something quite achievable, actually.
If them 3 IBs had not messed things up, we might in fact have already been sitting on RM2+ right now and gazing upward at RM3, possibly around the time of next QR.
That is exactly why Dayang TP has been moved from RM3 upward to RM4.
2019-03-26 16:10
"Momentum seller who creates his own momentum", by manipulating readers to buy. Why is he still walking free?
2019-03-26 21:36
Stock market is like a Casino. If you want to Win a lots of Money you need to do some Evil things so you can Win.
2019-03-26 22:20
For sure ler, every transaction is recorded maa.. This is not pasar mlm transaction
2019-03-26 23:05
another simple case of pump and dump from kYY. there's just too many instant yet nobody learn anything.
2019-03-26 23:10
When O&G superbull comes, TP RM4 is going to be too low. You guys have a big problem with thinking several steps ahead.
2019-03-27 00:00
Dali has vested interest supporting the IB's why am I not surprised at all
2019-03-27 07:25
SC should stop the both manipulator in stock market, it is unfair to the normal player. They are insider trading and manipulated trading.
2019-03-27 09:31
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From the chart, the low of .50 cts to high 1.74 squares with a Fibo time window. In my opinion, Dayang has peaked no matter what ppl think abt it.
2019-03-25 20:34