Posted by Jon Choivo > 2018-08-21 23:50 | Report Abuse

Don't make bullshit comments.

Elucidate and back it up with figures and examples. Thrill me with your acumen. Without data, its just an opinion. And a pointless one at that.

I got no ego one. Prove me wrong, and ill change my mind instantly and buy on thursday.

===================================================================================
probability sounds like a post hoc analysis or canon behind the horse
21/08/2018 23:44

Posted by value88 > 2018-08-21 23:54 | Report Abuse

Buffet said "He is a good investor bcos he is a business man, and he is a good business man because he is an investor". The skill in investing helps in doing business and vice versa.
However, when I look at KYY, the above statement doesn't seem to be true. KYY should be a good business man (by referring to his wealth from business), but he is really a lousy investor. Why-leh ?

Posted by Jon Choivo > 2018-08-22 00:06 | Report Abuse

Because like many businessman, his blood all flow down there when see stocks.

My grandfather was a good businessman, lost it all in stocks.

KYY when it comes to stocks, is a gambler. He does not think like a businessman.

Posted by cheoky > 2018-08-22 01:12 | Report Abuse

Too deep. I only know if today kyy sit still in mfcb n take up the right issue, he is definitely richer than being in jaks. Plus far far less work to do, bashing by others and more pineapple to eat every day. Compare both jaks n mfcb handling their power plant construction, I put jaks in the likelihood of going mudajaya way.

Posted by Alex™ > 2018-08-22 08:31 | Report Abuse

I only know uncle Koon is richer.

Posted by Koon Bee > 2018-08-22 08:38 | Report Abuse

Talk like you have few hundred million in bank

Posted by SarifahSelinder > 2018-08-22 08:38 | Report Abuse

Jon

IRR 12% even loan interest 7.5% still profit kan?

U doubt IRR 12% not real ni will affect MFCB IPP in Vietnam too kan?

U saying MFCB punya Vietnam IPP pun also x profit?

Both JAKS dan MFCB pun x faham IRR?

Posted by Alex™ > 2018-08-22 09:43 | Report Abuse

okok, alex listen ah jon. ah jon also 100x

Posted by Jon Choivo > 2018-08-22 10:00 | Report Abuse

Uncle koon 100x, also cannot even touch 10% of Warren buffet wor, how.?

Hahaha

You know, when I see uncle koon and all the money he has, and I look at myself, and the capital I have compared to him, I can't help but think, wah, God is fair.

Considering what I have in exchange, let him keep the money lah. His mischiefs in the market is set off by his donations anyway.

Serifah, no idea. However, mfcb funded most of their ipp internally. Cash vs borrowing is very different. Having said that, for mfcb to go from Rm1.5 to rm2.5, split and get where it was till today, took more than 10 years.

In fact, their plants in China and Malaysia were built in 1995 and 1996,so almost 20 year gestation period.

You sure it's guaranteed, and you sure will make money? Kyy say want to hold long term, and he can barely hold one year.

How sure are you? If guaranteed irr more than 10%, the whole world also pour money in to build, reducing how attractive it can be due to the much increased supply.

Jaks need 2 more years to finish. You sure the economics still the same?
============

Alex™ I only know uncle Koon is richer.
22/08/2018 08:31

Koon Bee Talk like you have few hundred million in bank
22/08/2018 08:38


SarifahSelinder Jon

IRR 12% even loan interest 7.5% still profit kan?

U doubt IRR 12% not real ni will affect MFCB IPP in Vietnam too kan?

U saying MFCB punya Vietnam IPP pun also x profit?

Both JAKS dan MFCB pun x faham IRR?
22/08/2018 08:38
Jon Choivo

Posted by DK66 > 2018-08-22 10:18 | Report Abuse

If you want 100% guaranteed stock, buy Rsena.

Posted by Jon Choivo > 2018-08-22 10:29 | Report Abuse

That is maybe 30% Guranteed.

100% guaranteed, well, dont want tell you lol. Hahahhaha

===
DK66 If you want 100% guaranteed stock, buy Rsena.
22/08/2018 10:18

Posted by newbie8080 > 2018-08-22 11:33 | Report Abuse

@ Jon Chiovo

Correct me if I'm wrong.
Not sure how Malakoff compute the RM1.3 bil before interest. SOme variables are different between the power plant in Vietnam and Malakoff's.

If based on a simple and conservative calculation,
1,200MW would generate approximately USD515 mil profit before expense

Breakdown
----------
1,200MW= 1,200,000 (kW)
Estimate rate charge= USD0.07 kWH
Assume only 70% utilisation

1,200,000 X 0.7 X 24hrs X USD0.07 X 365 days
= USD515,000,000 (rounded figure)

Posted by Alex™ > 2018-08-22 11:35 | Report Abuse

aiya ah jon, talk so much, I still waiting u recommend stock

Posted by probability > 2018-08-22 11:39 | Report Abuse

the horse always will shout after seeing the canon behind ma....
as if it predicted it all the while....

just ask to recommend 2 or 3 stocks. all and each giving returns above 10% per annum would do...

Posted by Alex™ > Aug 22, 2018 11:35 AM | Report Abuse

aiya ah jon, talk so much, I still waiting u recommend stock

Posted by newbie8080 > 2018-08-22 11:43 | Report Abuse

Actually, YTL POWER figures in year 2000 are better than Malakoff calculation when the power plant with 1,212 MW (Paka & pasir gudang) was used for calculation.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/3992717

Posted by Alex™ > 2018-08-22 11:43 | Report Abuse

haha.... memang betui~ cakap no need money ma, I also know how to talk =D

Posted by newbie911 > 2018-08-22 11:46 | Report Abuse

Jon, are u still with petron?
Since petdag good quarter, will petron/hy follow same good earning as well?

Posted by stockraider > 2018-08-22 11:49 | Report Abuse

I think perhaps Jon chivo analysis on kyy is correct loh...!!
Kyy as goreng kaki got some business sense loh....but as an investor no business sense at all loh....!!

Posted by probability > 2018-08-22 11:54 | Report Abuse

aiyo raider...kyy only need that much of business sense to goreng ma..so that people buy to his business sense..

complicated business sense no one will buy...kiki

Posted by Jon Choivo > 2018-08-22 11:54 | Report Abuse

Alex, my picks I think are some are cheap,but close to fair value, the others are around fair value a little higher.

As I am a long term net buyer of these companies. What I want is lower prices not higher ones.

Why should I tell you, and potentially raise my cost? Why should I write for people here to understand and to buy?

You think my name is kyy, or bonescythe or icon8888, write d, when price go up, sell to you?

Tell you what, you pay me 5k, I'll tell you my best pick and share the full research with you.

Or, you invest 50k in my fund with 5 years lock, and I'll share my full research I give my Investors as well. And you can goreng me everyday on WhatsApp.

====

Posted by Alex™ > Aug 22, 2018 11:35 AM | Report Abuse

aiya ah jon, talk so much, I still waiting u recommend stock

Posted by qqq3 > 2018-08-22 11:58 | Report Abuse

what is this guy trying to do I have no idea....

KYY do not need so much business sense to sailang in Jaks....He has its business sense.

As for me....my business sense makes me at least 5 round on Jaks already ....the last time sold at the top and even wrote to a friend to sell at $ 1.70 and never look back.

Posted by Jon Choivo > 2018-08-22 11:58 | Report Abuse

Bought more actually, but it's only a 5% position.

Don't ask me question about next quarter or next 2 quarter. I don't know and I didn't research in that direction because its a waste of time.

I studied the long term characteristics of it, and it's interesting. Why, I won't tell you. Haha.

If it becomes expensive, I'll share out the research, because I like the business and would like to hold even if is close to fair value. And in cases like those, I need to find out if some of my thinking is correct.

At this price, it's cheap enough that I don't need to be 100% right.

===

Posted by newbie911 > Aug 22, 2018 11:46 AM | Report Abuse

Jon, are u still with petron?
Since petdag good quarter, will petron/hy follow same good earning as well?

Posted by Alex™ > 2018-08-22 12:01 | Report Abuse

apu...mau bayar 5k kah? ah jon track record can see? 5k significant investment leh… I poorfag only

Posted by Jon Choivo > 2018-08-22 12:02 | Report Abuse

I just took ipo profit before tax and add back the interest cost. The rest I assume is the cost to run the plant.


Its not 100% correct, but it's a decent estimate. And you don't need to know the weight of a woman to know if he's or the age of a man to know if he is old.

You gave me the revenue with the calculation below. Maintainence? Staff cost? Laying down of transmission line? Coal cost etc etc?

To top it off, power plant cspex usually exceed depreciation. So you need to consider that.

===



Posted by newbie8080 > Aug 22, 2018 11:33 AM | Report Abuse

@ Jon Chiovo

Correct me if I'm wrong.
Not sure how Malakoff compute the RM1.3 bil before interest. SOme variables are different between the power plant in Vietnam and Malakoff's.

If based on a simple and conservative calculation,
1,200MW would generate approximately USD515 mil profit before expense

Breakdown
----------
1,200MW= 1,200,000 (kW)
Estimate rate charge= USD0.07 kWH
Assume only 70% utilisation

1,200,000 X 0.7 X 24hrs X USD0.07 X 365 days
= USD515,000,000 (rounded figure)

Posted by stockraider > 2018-08-22 12:02 |

Post removed.Why?

Posted by Jon Choivo > 2018-08-22 12:06 | Report Abuse

Sorry then, I wish you all the best. You can find me on Facebook, and we can talk abit there.

This may sound arrogant. But you may consider reading some of my earlier comments and post.

Amid all the rubbish I say, something interesting or useful occasionally slips out. Or things I don't intend to let people know. I do get caught in the heat of the moment sometimes.

Good luck. May you survive in the market for a long long time. When it comes to investing, you just need to be in the market for a long enough time, it's a marathon, not a race.

===

Posted by Alex™ > Aug 22, 2018 12:01 PM | Report Abuse

apu...mau bayar 5k kah? ah jon track record can see? 5k significant investment leh… I poorfag only

Posted by Alex™ > 2018-08-22 12:07 | Report Abuse

aiya, alex sadding la. no money no talk la~ it's like that one la. I understand

Posted by Jon Choivo > 2018-08-22 12:08 | Report Abuse

The price can go to 3 tmr and I still don't give a damn.

I only want to know this, can anyone prove to me demonstrably, via logic or numbers, that the power plant have a high probability to be very profitable even after interest cost and tax.

That proves me wrong. And I'm happy to be wrong. Because then I can shut up, and go buy more.

====


Posted by stockraider > Aug 22, 2018 12:02 PM | Report Abuse

A classic no business sense investment loh...!!
Mark this jon chivo recommendation of jaks is rm 0.97 loh....!!

Posted by qqq3 > 2018-08-22 12:11 | Report Abuse

put it this way...some one who don't share KYY attitude and business sense will not have reached the place he did.

the guy hunts at the edges , sailang and margin and all that.

that is his forte.

if you only hunt in the middle, his game is not for you.

Posted by qqq3 > 2018-08-22 12:14 | Report Abuse

kyy bought too much and too fast.

he eventually admitted to it.

but having bought so much so fast...his options are limited.

Posted by Jon Choivo > 2018-08-22 12:15 | Report Abuse

All of kyy big picks, liihen, vs, latitude. All come from kcc.

His own picks, jaks, sendai, xinquan, jtiasa, mudajaya, kianjoo, can one, all go Holland.

He got to today, because he was a sharp businessman, and he took high risk in business, and among the thousands who tried, through skill, grit, hardwork, viciousness, relationship and luck.

He made it.

And top it off, he sailang in during Hong Kong Market crash.

His track record is clear. And it's far from satisfactory.

The only positive i see is he sailang in Hong Kong, and he had the brains to hold on to kcc picks long enough.

Posted by Jon Choivo > 2018-08-22 12:23 | Report Abuse

My bank and most precious asset is my brain.

And I definitely got a at least a few hundred million more brain cells than you.

Hahahaha. I kid, I kid.

I really shouldn't respond to things like this. Aih.

======

Posted by Koon Bee > Aug 22, 2018 08:38 AM | Report Abuse

Talk like you have few hundred million in bank

Posted by qqq3 > 2018-08-22 12:23 | Report Abuse

who is this kcc by the way?

he is nothing.

hang pig head sell dog meat.

Posted by Jon Choivo > 2018-08-22 12:29 | Report Abuse

When people slander kcc, without rebutting his arguement point by pint in a logical manner.

That's when I know should listen to what he says.

When logic fails, one relies on slander, personal and ad hominem attacks.

Thats why raider call me pondan, or icon say I no adventure spirit, wah I must be on right track.

Why would icon say something like that if he can just show his logic and figures, and make me look like a fool?

I think he didnt even consider if the power plant will really be that profitable loh. Just too expected future demand, and whatever estimates done by a 25 year old analyst fresh out of university.

Posted by newbie8080 > 2018-08-22 12:29 | Report Abuse

@ Jon Choivo

I believe no one can prove anything as running a power plant differs from another. No one can provide exact computation for that matter.

But, I do believe that the expense or overhead cost that you mentioned would definitely would not exceed the entire revenue of USD515 mil which I computed earlier.

In addition, the depreciation you mentioned is normally amortised through the BOT period which in this case more than 20 years. Not a big figure as you expected.

Posted by qqq3 > 2018-08-22 12:34 | Report Abuse

kcc is a book worm with no business sense....and lacks local knowledge.....in any case, never liked people who choose to cari makan the way he do.....He so good , no need customers.

but I know...people who knows do, people who don't teach......hahaha

Posted by Jon Choivo > 2018-08-22 12:37 | Report Abuse

He does invest his own money and help manage people's money. So yes he "do". What bs you spouting off now.

I really should stop responding to these kind of inane zero value comments by retirees with nothing to do.
===


Posted by qqq3 > Aug 22, 2018 12:34 PM | Report Abuse

kcc is a book worm with no business sense....and lacks local knowledge.....in any case, never liked people who choose to cari makan the way he do.....He so good , no need customers.

but I know...people who knows do, people who don't teach......hahaha

Posted by Jon Choivo > 2018-08-22 12:38 | Report Abuse

Correct. Its very hard to know, unless you go talk to people very familiar of the IPP industry, and especially in foreign nations.

In the meantime, since you have conceded you do not know anything about it, like myself, beyond some conjectures, gut feeling and rough estimates.

Its a gamble. Treat it as such. If you're icon or raider, and you think sentiment will pick up, you can sailang in and sell to the potential greater fool.

Or you can just buy a small position based on your gut that should be profitable, hold for a few years. And find out if your right or wrong and see what you can learn from it.

Also, I mean mantainence Capex. Go and study power plant companies. You will notice that their mantainence Capex is usually higher than their depreciation cost.

===

Posted by newbie8080 > Aug 22, 2018 12:29 PM | Report Abuse

@ Jon Choivo

I believe no one can prove anything as running a power plant differs from another. No one can provide exact computation for that matter.

But, I do believe that the expense or overhead cost that you mentioned would definitely would not exceed the entire revenue of USD515 mil which I computed earlier.

In addition, the depreciation you mentioned is normally amortised through the BOT period which in this case more than 20 years. Not a big figure as you expected.

Posted by Koon Bee > 2018-08-22 16:14 | Report Abuse

Keep talking and condemn but still so poor...wake up ah jon

Posted by qqq3 > 2018-08-22 17:47 | Report Abuse

jon...you have ambition to be paid sifus yourself too....I choose wrong guy to talk to.

Posted by Ooi Teik Bee > 2018-08-22 17:52 | Report Abuse

Posted by Jon Choivo > Aug 22, 2018 12:15 PM | Report Abuse

All of kyy big picks, liihen, vs, latitude. All come from kcc.

Ans :
All win big stock picks in 2015 came from me.
I am sorry to claim credit.
I just want to set the record right.

Thank you.
Ooi

Posted by Ooi Teik Bee > 2018-08-22 17:53 | Report Abuse

I knew how much Mr Koon win big in 2015 on VS, Liihen, Latitud, Hevea, Gkent and Gamuda-WE.
The loss in Jaks is nothing if compared against the gain in 2015.

Thank you.
Ooi

Posted by Jon Choivo > 2018-08-22 17:57 | Report Abuse

Hmm gkent and gamuda we is definitely you. The rest I'm not sure, I'm pretty sure I read a post by kc or something long time ago.

I wasn't active in the market or the forums then.

In any event, I don't think you will purposely claim credit unless you are sure.

Well, the point still stands on the track record of his personal picks.


===
Ans :
All win big stock picks in 2015 came from me.
I am sorry to claim credit.
I just want to set the record right.

Thank you.
Ooi

Posted by Ooi Teik Bee > Aug 22, 2018 05:53 PM | Report Abuse

I knew how much Mr Koon win big in 2015 on VS, Liihen, Latitud, Hevea, Gkent and Gamuda-WE.
The loss in Jaks is nothing if compared against the gain in 2015.

Thank you.
Ooi

Posted by Jon Choivo > 2018-08-22 18:00 | Report Abuse

Yeah, people pay me handle their funds. But the structure incentivezes me to manage it as if its my own money.

Its not a secret, no idea why it seems to be a big surprise to you.

By that metric, I must be stalin now in your eyes. Hahahahahaha

====


Posted by qqq3 > Aug 22, 2018 05:47 PM | Report Abuse

jon...you have ambition to be paid sifus yourself too....I choose wrong guy to talk to.

Posted by qqq3 > 2018-08-22 18:03 |

Post removed.Why?

Posted by Ooi Teik Bee > 2018-08-22 18:05 | Report Abuse

Posted by Jon Choivo > Aug 22, 2018 05:57 PM | Report Abuse

Hmm gkent and gamuda we is definitely you. The rest I'm not sure, I'm pretty sure I read a post by kc or something long time ago.

I wasn't active in the market or the forums then.

In any event, I don't think you will purposely claim credit unless you are sure.

Well, the point still stands on the track record of his personal picks.

Ans :
Mr Koon requested me to do a market talk presentation with him on 13/12/2014 at Calvary Church at Bukit Jalil.
All aforesaid stocks were recommended by me, he was so excited on all these stocks I selected.
Many of these stocks were selected for my 2015 stock pick competition which end up I was the champion with 129% ROI.

I do not wish to boast here, I wish to set the records right only.

Thank you.
Ooi

Posted by kcchongnz > 2018-08-22 18:10 | Report Abuse

I did not pick those stocks for him.

I was "sacked" as his portfolio manager. It was written clearly here.

https://klse.i3investor.com/blogs/kcchongnz/110836.jsp

By the way, even if it was me, I don't feel proud nor happy about it.

I was damn glad I was involved in it. Seriously.

Posted by kcchongnz > 2018-08-22 18:15 | Report Abuse

Posted by qqq3 > Aug 22, 2018 12:34 PM | Report Abuse
kcc is a book worm with no business sense....and lacks local knowledge.....in any case, never liked people who choose to cari makan the way he do.....He so good , no need customers.
but I know...people who knows do, people who don't teach......hahaha


I no business sense, you got heaps? I have written a number of articles about what I think business sense is, here are some of them,

https://klse.i3investor.com/blogs/kcchongnz/134621.jsp
https://klse.i3investor.com/blogs/kcchongnz/125145.jsp
https://klse.i3investor.com/blogs/kcchongnz/123266.jsp

Have your articulated what your "Bullshit" is?

Cari makan? I guess you don't understand the joy of passing something good to the young people. It is a social service. Teachers are the greatest people around.

Posted by Ooi Teik Bee > 2018-08-22 18:21 | Report Abuse

Kcchong,

Do not waste your valuable time with qqq3, he has no value to us.
I do not wish to waste my time to listen to his bullshit.
If he is so good, he will not attack both of us to claim credit.
Respect has to be earned, but not given free.
Whoever teach me any useful thing in my life, he is always my sifu.

Thank you Kcchong.
Ooi

Posted by Jarklp > 2018-08-22 18:39 | Report Abuse

When a person is older and has nothing to fear, the natural behaviors of the person become more obvious. Kyy is an authentic leader. He is passionate, intolerable, persistent and a super confident guy. He has some good CEO characters that allow him to succeed in business, especially doing things he can influence the outcome. Not many people can stand him though.. friend can be enemy tomorrow ...and the only person he listens to is his wife :). If he sits in JAKS' board, ALP will be fired within 3 months...

It is a complete different story when it comes to investment world where he has little influence in the market.