Lucky you. I have even been to his Meru Golf Resort house on invitation and lived to regret meeting the cunning old fox in his lair. Very expensive visit.

@murali, It has been 2 years since the JTiasa and Mudajaya episodes. You must learn to let go and to get over the painful losses. KYY the serial stock trickster will get his comeuppance soon enough. Have a good day.

KYY loves the spotlight by and large but certainly not this occasion. Did he really think he could get away with his confidence tricks time and time again for years, fool most people most of the time? Why did he not listen to good advice instead of continually indulging his superego? He should have stopped while he was ahead. Now the cat is out of the bag. He is just another stock conman caught out by greed and avarice. Where is all that nobility and altruism?

At least now Koon no longer insults us with protestations about his noble intentions and his altruistic objectives. That was sheer crap. Now, he merely labels us stupid if we lost money buying shares he recommended strongly in past years; such as XinQuan, RSawit, JTiasa, Mudajaya. You can either love or hate this old guy and his superego but you can't keep him down. By the way, does anyone really believe he will donate all his money to charity when he dies?

XinQuan is where superego gets pricked by sharp accounting practice; where KYY meets his Waterloo but still refuses to admit he's been beautifully conned by nicely presented numbers in annual financial statements. He can't be wrong so he still buys more shares despite being trapped for years in the XinQuan story.

What? This old piece of shit is at it again? He has conned many with Mudajaya and JTiasa yet will not accept blame for his deceit but even add insult to injury. He promoted, then sold and many must have bought his shares. If these sacrificial lambs curse him to his grave, who can blame them?

Director Peter Lim announced disposal of his 1 mil shares today. I'm not waiting for MD Tan Shih Leng to announce progressive sale of his 7 million as well. It's bye bye JCY, nice knowing you the past 12 months. Your price performance was a little disappointing but TQ for the good dividends.

No one can be 100% correct in stock calls no matter what method, or combination of methods used. But you can improve the % of wins if you are skills proficient. In my book, both KC and OTB have their heart in the right place and that is what matters the most. They are not pretenders or trumpet blowers and do not carry a hidden agenda unlike one other self confessed super investor in I3.

Ng, Anton and Wee are now 2nd largest shareholders with 19.21% through their holding company Dataran Sentral but are no longer in active management. James Wong, a professional, and Lee Eng Leong from Mulpha, are in the top 2 management seats. Mulpha is now the single largest shareholder with 22.34%. Fairfax Financial group are 3rd with 14.24%. This seem a strange arrangement which can only be interim. I really cannot fathom why Ng, Anton and Wee sold the 5.6% stake (30 mil shares) to Fairfax. Going forward, only the India power project full commissioning can revive Mudajaya's fortunes.

Wait for announcement by the buyer of the 30 mil (5.6%of K) shares within a few days. Seems to have been done around 1.40 so price will hold around this level for now. Could be existing substantial shareholders Mulpha or Tabung Haji or a fund. Better for Mulpha to get a new captain to steer the ship, I think, than have Ng, Anton or Wee who have outlived their usefulness. Perhaps they will continue to sell down progressively their remaining stake.

To me, KCChong beats KYY hands down as a sincere human being and investor. KYY's actions reveal the many faces of a confidence trickster; a mix of fact and fiction, of many little truths to conceal the one big lie that is himself. He is far from noble and altruistic. He loves winning in the stock market and making more money. His highly publicized acts of charity conceal and confuse but with the occasional revealing relapse shining through. His personal attack on KCChong, however, is the pits. He should apologize profusely.

Did your old friends tell you not to throw pearls at 'swings' when you can keep them for swine like your own self? Oh noble Koon, enough is enough. VS and Latitude again? You are like a broken record, playing the same old tune as in JTiasa/Mudajaya. Try some new tricks.

Results for 2Q2015 to be announced after close of trading this evening. Analysts and press briefing tomorrow at Grand Hyatt KL.

@ccdev; By my logic, an article, recycled by an 82 year old man which mentions he was then 76 years old, must be 6 years old. Did you come out with the same numbers?

This article must be six years old judging by his claim of being a 76 year old chartered civil engineer. It's just another re-cycled piece.

Gold as a metal is soft, malleable and easily worked by an expert craftsman into objects of their design. So too is Mr Koon's share selection golden rule. Witness his past stock selection of RSawit, JTiasa, Mudajaya among others, where his so called golden rule melted down within months of his "super profit is coming proclamation" for the stock. Yes, his own golden rule is meant to be observed by many of you, the suckers, but to be broken time and again by him, the trickster in the stocks that he promotes. He is a complicated character, with due respect to his venerable 82 years, but his intentions are surely not noble as he claims. There are just too many gaps and contradictions to his claims.

In mid-2014, he infamously predicted rising palm oil prices and declared a bull market in palm oil stocks and particularly, in undervalued JTiasa. Many knowledgeable readers disagreed. He vehemently protested his noble intentions. To cut a long story short, within months he had dumped his 40 odd million shares in JTiasa into the open market. JTiasa is now down RM 1 from the time he sold from RM2.70. Similar sad story with his 10 plus million shares in Mudajaya. His RSawit too. You buy, you die. All this is recorded history.

Now coming to Latitude. On 18 Dec 2014 when he talked at Calgary Hall, he already held over 5 million Latitude assiduously collected over 2014 at average RM3-4 thereabouts. Latitude over RM6 is thinly traded, daily volumes in 2015 have never exceeded a few hundred thousand. He cannot take profit without severely impacting the share price. That's why he needs investors to buy. Never mind his heavy protestations of innocence and ultimate philanthropy, just analyse his actions and decide yourself what the man is. Ask him when he first started buying Latitude and what his average price is. Why did'nt he promote the stock then? Why now at RM6?

@Gooseman; if you made 4 rounds of profit (since 2012?) you have done very well. Especially the last round buying at 49 sen and then selling at 73 sen; no regrets at all, even if JCY breaks 80 sen soon as seems likely. Just enjoy the money you have made. I do, too, but hope to prolong some of the enjoyment past RM1.00 this round. Cheers!

Gentlemen, please keep the exchange civil. We are here to share, not to disparage each other. Do try to keep disagreements from getting out of hand. We can always agree to disagree but without animosity.

Today is GST day and comes with "April Fool greetings to Raymond'' from the top 20 shareholders of JCY.

Can't blame investors for exercising caution given JCY's historical price volatility and SSD competition headwinds. Used to have competitor Eng Technology before it was taken private in 2012 at RM2 instead of RM2.50 in aftermath of Thai flood issues. Took me months of monitoring JCY before I bought some in mid 2014 but now I'm more comfortable. Five consecutive profitable Qs and accompanying dividends allayed some fears. But serious fund money is still not into the stock. Good or bad? Waiting for more clarity on SSD threat? You decide.

Major shareholder Yong Yoon Kiong controls 1515 million shares or 74% and 1.25% dividend for 1Q 2015 yields RM18.9 million which is not inconsiderable. Repeat performance for 3 more Q and he has RM75.6 million. Why play around with the stock price using proxy names with all its attendant dangers when you have so much at stake. Just my view.

Sigh; some people don't read carefully or understand well, or exaggerate selectively, or take umbrage unnecessarily. Billions in Rupiah, millions of JCY stock, entry 70/71 sen and so on. Please exchange differing views with lightheartedness, not animosity.

I made decent money from JCY over the past year buying initially at 71 sen but averaging my cost lower over the last few months with some trading profits. As a longer term investor, am not allowing myself to be intimidated by scaremongers. But if you are unduly worried, do cash out. 'Sense maker' continues to make sensible comments.

As an aside, MD Tan Shih Leng holds 7 million shares at average cost 64/65 sen. He is a professional and has been with JCY since 1997, first as GM, then ED in 2011 and is currently MD. He is the JCY insider whose trades I will follow closely.

"The news of my death is greatly exaggerated..." so replied American author Mark Twain when news of his supposed death reached him. So it is with HDD. It's not dying anytime soon though the technology, like any other man made technology, can be replaced with more efficient SSD or NAND or hybrids or whatever, when breakthroughs in technologies or costs make it feasible. For total replacement of all HDDs by other storage devices, the economics must make eminent sense, especially in cost conscious and emergent markets, for products such as low priced desk tops, laptops and servers. It also takes much time and effort.

I believe sense maker's view of JCY's future prospects is more balanced. Five years more, ten years, who knows? The days of fat profit margins may be past but there's still some money to be made supplying components to HDD manufacturers WD and Seagate this year, and the next, and the next......hopefully.

I keep track of WD's and Seagate's corporate developments as well just to make sure there are no undue surprises. Their share prices are holding up well, so the market does not think HDD is going extinct tomorrow.

Mr Koon, what are you trying to do? You cannot burnish your already tarnished credentials on I3investor by re-posting some old article praising your acts of generosity, your civic mindedness or your altruism, all derived from your own lips. You may think lies and half truths, if repeated often enough or through 3rd parties, may sound like the truth to the uninitiated. There is no investigative journalism here by T.Netto, just your assertions being simply re-told in print. You have repeated these self praising stories so many times to so many people in so many forums. Why do you do this? Can't just be ego. Having lived a long life till age 82, being endowed with intelligent mind and sound body, you should have conquered such a simple weakness.

By the way, your life history from say, 1990-2010 is a blank. Mind telling us about your investment/charitable activities during those 2 lost decades, which included the 1993 bull run on KLSE and its precipitous fall in 1998. Those were exciting but dangerous times for stock speculators. Where were you then? What were you doing?

This article glorifying you just does'nt ring true with your actions as a manipulative stock speculator on RSawit, JTiasa, Mudajaya; and your current predatory stance on Latitude and VS Industry. Just explain to readers why you only promote only after mopping up loose shares in Latitude(6mil per Bursa records) and VS(15mil per your boast) cheaply in late 2014. Not sharing then was not noble, readers could have bought these shares cheap too. Don't you agree? Are you going to inform in future when you sell, or when circumstances change, oh noble Koon or are you going to do it quickly but very quietly when the timing is right for you only?

sunzthe,
Sorry, I don't have at the moment. Don't like the way things are shaping up in the local economy and stock market. Other than some long term core holdings, am largely out and looking to reduce exposure every market rebound.

I have quite a few more facts and figures to disclose should KYY come back to mislead, none of them pleasant reading. I sincerely hope he takes the cue and fade away quietly.

Bursa disclosures show KYY held 4.87 million (5.01%) Latitude shares as at 2/10/2014 bought at low prices throughout 2014. Holdings increased to 6.035 million shares on 20/11/2014. Notably, he was not even among the top 30 shareholders in 2013 when the 30th shareholder held only 190,500 shares. Given the small paid up of Latitude, it must have taken him quite a few months in 2014 to collect, and all so stealthily. The pattern is probably similar for VS Industry if shareholding records can be accessed.

If KYY had not cynically come back to post articles on I3investor, I would have let things be. I thought in mid 2014 when I came across his JTiasa/Mudajaya articles that he was unnecessarily maligned but now, my view of him has completely changed. The man is not in the least bit noble.

As a stock market investor, there is no shame in losing money; only some temporary pain hopefully. There is, however, great shame in causing others to lose money especially those who can ill afford losses, through your deliberate actions or inaction. Worse karma for you if your incessant promotion of a stock is a cynical confidence trick to help you unload. Of course a few smart ones may benefit but the majority of followers will get hammered.

Successful stock market investors cannot possibly have noble intentions, the game in the short term is zero sum; win or lose. We are all in it to make some money. Having read through all recent posts here, I get this awful deja vu feeling. The last occasion I experienced it was in 2012 when a senior consultant friend from Genneva Gold was trying to sell me its wealth sharing platform. He refused to believe it was a money scam, the Genneva principals were such wonderfully generous charitable people with a secret gold trading formula, he said. I have not heard from him since Genneva collapsed.

Could Mr Koon really be a 'noble' stock speculator; but real forgetful to inform when dumping a promoted stock?

Mr Koon, just a simple question. Did you disclose to followers when you felt things were not right with Jaya Tiasa or Mudajaya before you started selling your substantial stakes sometime later in 2014? Certainly not here in I3. Such selective selfish acton belie your words about being noble. One cannot fault inexperienced investors for being skeptical for they feel conned. Do excuse me for being blunt.

The resignations of ED Ng Chee Kin and ED Yong Yee Koi, together with other board changes, were announced to Bursa on 31/12 2014.

No wonder two EDs left unceremoniously at end 2014 followed by a management re-shuffle. The construction division is in a mess. Explanation for the division's abysmal performance is so much gobbledygook. The Indian IPP appears to be at a standstill Q after Q with little progress. However, it will be interesting to see if the Fairfax group keeps faith and continues buying in this sell down. Also if shareholder Koon Yew Yin has already taken flight. Looking forward to the 2014 Annual Audited Accounts for more disclosure.

The key words are "..my wife and I.." implying the 15 million shares are bought through 2 separate individual accounts each holding less than 9.8 million shares evading the 5% substantial shareholding disclosure requirement.

The US$/MYR exchange rates for Oct-Dec 2014 were trending up; 3.2702 on 1/10/14, 3.3085 on 1/11/14, 3.4325 on 1/12/14 and 3.4977 on 31/12/14. Out of its reported RM50 mil profit for 1Q2015, exchange gain contributed a whopping RM16mil. Excluding this, net profit RM34 mil is only marginally better than 1Q2014's RM30 mil. Similarly, revenue is RM487mil vs RM476 mil. Results are okay but not brilliant. I would like to see real improvement in topline revenues and bottomline profits next Q results.

The bells must already be tolling for BNM if one little 'tong' can shake the RM with a mere billion plus position. Neither does his media 'empire' have that much clout as to sway public opinion. What grudge does this guy have against TKO?

My chartist friend says after 70 sen, next hurdles will be @ 75, 90, 1.00, 1.30, 1.50. Me, I'm more a fundamentalist but friendly charts are a great comfort. 1Q2015 financial numbers are what I'm waiting for as a pointer for the year; out after CNY probably so there's still a long way to go. In the meantime, cash in a little and trade a little.

These are two separate exercises by different legal entities, failure of RHB/CIMB/MBSB merger has no direct repercussions on OSK/OSKP/PJD exercise per se. Until there is further announcements, the latter exercise is still on.

Seriously, faye, JCY exceeding historical IPO price RM1.60 will be one really tall order. That will give JCY market value RM3.24 billion, historical p/e 27x (2014 earnings) and 3x book value. Far too rich. Even Western Digital/Seagate don't command such lofty p/e valuations. I am, however, buoyed by your obvious optimism about JCY's vastly improving prospects.

You can't make serious money fussing about daily price fluctuations or trading small. Pick your stock carefully, have faith in your selection and invest for the longer term. Undervalued JCY is attracting attention from strong buyers. Look at the recent spike in trading volumes.

If JCY can report above RM40 mil profit 1QFY15 ( earnings 2 sen per share) and declare interim dividend 1.25 sen, breaking 70 sen is no sweat by end Feb 2015. I hope for increasing profits next 4 Qs and a share price much above 80 sen this year. This is the hurdle in a bearish market but I am optimistic JCY will be re-rated. I like the improved trading volumes these few days.

The sell down presented good opportunities to buy more around 50 sen. MD Tan and myself expect to make very good money on JCY this year. Hope you make money too.

That's why it's called a crisis (albeit a mini one). Short term investors panic, fear more downside, irrationality rules and they dump their shares. Many are retail punters who do not do their homework but get carried along with the market panic. A high beta liquid stock like JCY will have many small punters. This is accumulation time for more serious investors.

MD Tan says no wise man will ask him to sell at a loss @55 sen now when he did not even take profit @ 75 sen earlier this year. JCY was on the road to profitability late 2013 and even more so now. He says do not be confused, the HDD industry underwent consolidation more than a year ago, not just recently. ED Wong had on 22 Aug 2014 at the 3Q2014 press briefing revealed as much. The quarterly profit gyrations of the past likely stays in the past. This Q begins a new dawn. As for him buying @ average 64.5 sen, it does'nt faze a long term shareholder like him; you can't always time your purchases perfectly. The market is king even when it's mispriced, you follow or you do not. No sense losing sleep over it. That's why he's MD and not Joe Blog.

Ha, ha , right about all the losses in the coming quarters? The share price is a function of market sentiment and that has deteriorated since August 2014. Not surprising price has corrected. On 4 Sept, someone also said only fools will buy into this counter. MD Tan Shih Leng with 5.5 million shares was not amused.

As recent as 27 Sept 2014, someone confidently predicted coming losses for JCY and that share price will fall below 40 sen within the year. Now that prediction is going to be put to the test next 4 Qs.

Yo, sage, go share your layman research findings with some institutional funds. Persuade them to buy heavily should good 4Q 2014 results be announced next week or so as it is confirmation of a positive trend. JCY sure needs a strong catalyst to boost its stock price back above 70 sen. Your research may be it. We need daily trading volumes above 10 mil to make things more interesting. Retailers can't move this relative heavy weight with public float over 500 mil shares.

Ha ha , a complete turnaround from negative to positive on JCY's future performance is indeed eye popping. Other than faye's comment, what could have caused the turnaround?

You talking about me, sage? Now that I've taken out some 2.8 mil JCY shares @ 55 cents, things should be much smoother. And since you have a change of heart, welcome to the bright side! JCY's plants are still running at high capacity to meet orders.

OTB overstayed at the party. He continued riding the OSKP/PJD Warrant bull till he got thrown off violently. He is crying foul for many followers bought near the highs for a quick ride. Now they all have bloody noses. Moral of the story : Don't gamble on Bursa; no stock is a sure winner. You don't know what's coming next.