Thanks KC, got burnt badly long long time ago with margin financing! In a down market, almost every other day got morning call from my banker. Top up n top up until tak boleh tahan! Got irritated , finally sold everything it was a long long time ago! When uncle advocate getting margin financing not too long ago, I mentioned it is not for newbies! N I remember u wrote an article not in favor of margin financing. Lot of things in life we learned from experiences n those days we got no one to advise newbies.
Good to have people like u around here to teach n advise. God bless u.
Naim about 5 times PE. Market cap about RM750 mil (hope I not wrong). Net profit about RM150 mil. Loans RM250 mil. Cash RM175 mil. (Reasonable balance sheet)
Uncle Koon might be wrong before on mudajaya and jtiasa, but we should keep our mind open. Let me study in more details. Maybe can write an article
Hmmm Naim could be another mistake. I haven't really studied it. But in general, anything that needs to thrive based on government massive spending (infra) cannot be good at this time.
Mr Koon is an old man and he should be respected for his good deeds and intentions for providing scholarships to deserving students of all races. This noble act deserves respect and recognition. That will always be his everlasting legacy which is a really honourable and altruistic act.
However, he must stop making recommendations and "predictions" about palm oil prices or Mudajaya Indian project; investing in horrible investments like Xinquan; or STILL recommending his followers (mostly inexperienced share investors) to use Margin financing to buy share. He is proven to be just an ordinary Investor just like you or me and who make mistakes. So nothing special about his "investing" skills at all. He is NO investment guru. Unfortunately !!
If he was a Super Investor, it is times like NOW and the next few months when the global markets are in financial crisis that a Super Investor (like Warren Buffet with USD40Billion cash) comes in to buy the beaten down quality stocks. But he is a spent bullet and probably will need to frantically cover his margin accounts to avoid FORCE SELLING. And 30 Million Xinquan shares is a lot of shares to sell. Sadly, he will feel the pressures and nightmares of the falling markets. Like all of us.
He once liken "margin financing" as using a hammer to hit a nail. So I say again to Mr Koon, if you try too hard, you will only smash your own fingers in the end !!! Merry Christmas and Happy New Year 2015 !! Cheers!!
For those can't read chinese, here is what he shared that worth monitoring, mostly companies that do export market: Latitude, Hevea, Liihen, Kossan, Harta, TopGlove, Supermax, Prolexus, MPI, Unisem, GTronic, Inari. And he invested in 4 of them, Latitude, Hevea, LiihenLatitude, and Naim. Especially Naim that you should pay attention, he said lolz. Lets not forget how his recommendation of jtiasa, mudajaya n rsawit, xingquan performed.
He may be wrong sometimes. It is very important to have more right than wrong. Please also look at end result, overall he made money or not. FYI, he bought 20 million shares of Supermx around 1.00, he sold them around 6.00. He make 100 million from Supermx alone. How many of us can match his performance ?
I counldnt understand..Kyy has lots of similarities with Calvin...they liked to show off how much profit they made in the past (bought Supermax, MBB, Perak at damn low prices etc)....but for whatever counters they promoted to the public these few years...all go Holland...is it solely "bad luck" and could there be any conspiracy theories behind? Hmmm......
Good counters which can make big profit one buy senyap senyap...lousy counters shout kuat-kuat to the public and then distribute senyap senyap to them......hmmm......
OTB : Assuming KYY bought 30 mil Xinquan at RM1.65 equals Rm50 million. At current price, Rm0.35 x 30 million is about Rm10mil. Therefore, Loss of Rm40million (almost 80% loss). Not counting interest cost !!! Please don't blow the trumpets for KYY.
There are really some Super Investors even in KLSE...but not KYY. These people operate very quietly and discreetly and always make money when other lose. But not KYY, at most, he's just a rich man who sometimes strikes it good. Like some of us...nothing special !
Mr Koon is an old man and he should be respected for his good deeds and intentions for providing scholarships to deserving students of all races. This noble act deserves respect and recognition. That will always be his everlasting legacy which is a really honourable and altruistic act.
I help him because of my respect. I cannot help so many people, but he can. I hope to help him to make more money so that more people will be benefited.
Are you sure I flag you ? You think I am that type of person. I respect all people view and I do not condemn anyone here.
He worried that I will not join him to do a presentation on 13/12/2014 at ivestalk. He emails this short statement to me only.
Helping people to make money is a noble thing to do in life.
I do not think that he has any bad intention. He just tries his best. Please note that I know a bit on face reading. Mr Koon has a long ear like buddha, it means he is kind and has a good heart.
I will stop here, otherwise, you will think that I try to say good thing about him.
optimuss u say yesterday GJ up? how now? admit wrong or not? still want to be kura-kura dowan admit wrong? come on... be adult and say u r right or wrong pls haha 16/12/2014 11:07
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Seek
443 posts
Posted by Seek > 2014-12-14 22:06 | Report Abuse
Thanks KC, got burnt badly long long time ago with margin financing! In a down market, almost every other day got morning call from my banker. Top up n top up until tak boleh tahan! Got irritated , finally sold everything it was a long long time ago! When uncle advocate getting margin financing not too long ago, I mentioned it is not for newbies! N I remember u wrote an article not in favor of margin financing. Lot of things in life we learned from experiences n those days we got no one to advise newbies.
Good to have people like u around here to teach n advise. God bless u.