If KYY didnt sell after H1N1 pandemic , what he get ?

If KYY didnt sell after H1N1 pandemic , what he get ?

Supermax performance during H1N1 pandemic - Koon Yew Yin

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The 2009 H1N1 pandemic originated in the United States before spreading around the world, according to the U.S. Centers for Disease Control and Prevention (CDC). A later  study suggested it was first diagnosed in humans in Mexico. The CDC estimated that from April 12, 2009 to April 10, 2010, there were 60.8 million H1N1 cases, with 274,304 hospitalizations and 12,469 deaths in the U.S. alone. They also estimate that worldwide, 151,700 to 575,400 people died from (H1N1) pdm09 during the first year. Unusually, about 80% of the deaths were in people younger than 65 years of age.

Let me tell you about Supermax’s performance during the H1N1 pandemic in 2010. The price shot up from 70 sen to peak at Rm 6.50, an increase of 930% within 6 months. I started buying Supermax as soon as I saw it started to report increasing profit. I continued to buy more and more shares. Eventually my nominees and I were the 2nd largest shareholders as shown on its 2010 annual report below.

My nominees were my wife Tan Kit Pheng, my sister in law Tan Kit Yew and my nephew Yap Sung Pang. We had a total of 19.55 million shares or 7.2% of the total issued shares. 

I remember Supermax CEO Dato Seri Stanley Thai invited my wife and I to visit his factory in Sungei Bulou, Selangor. He also invited us for lunch at Eastern Hotel Restaurant in KL to meet Dr Lim Keng Yaik who was a Minister of the Barisan Government then. He needed my financial support.  

 

Discussions
Be the first to like this. Showing 3 of 3 comments

CCCL

Billionaire!

2020-10-11 13:49

sensonic

I WILL FOLLOW UNCLE TO BUY SUPERMAX, SELLING MY BUSINESS AND INVEST IN SUPERMAX.

2020-10-11 14:12

CCCL

Must have holding power. Otherwise rolling stone gathers no moss.

2020-10-11 14:49

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