Posted by calvintaneng > 2014-09-01 19:53 | Report Abuse

IN YEAR 1997/1998 MALAYSIA IMPLEMENTED CAPITAL CONTROL. It Was A Drastic Move Befitting The Times. It Was A Time of Relentless Shorting of the Ringgit & KLSE Stocks. This Counteractive Course of Action Stemmed the Fall of KLSE Index at Its Bottom - 262 Points - A Fall of 81% From Its Peak of 1332 Points. Only The Fall of The Dow Jones During The Great Depression Beat This at a Fall of 89%. Long after Malaysia recovered from the Asian Financial Crisis the Entire Investing World Shunned Malaysia As A PARIAH NATION! Some Foreign Funds & Those S'poreans whose Shares were locked in CLOB Counters swear that they will never, ever touch KLSE Shares again! Ha! How They Missed The Subsequent Bargains! TNB was RM2.80, Maybank fell to RM2.50 & AMMB Fell to RM2.40 (AMMB Later recovered to cross RM20.00). The Signs of Recovery Were All There. Only those blinded by prejudice can never see! Since 1998 When The Ringgit Crashed by 75% Against The US Dollar MALAYSIA HAS BEEN TURNED INTO THE MOST COMPETITIVE EXPORT POWER HOUSE OF SOUTH EAST ASIA - AND IN THE WORLD. 16 YEARS OF TRADE SURPLUSES NOW PROPEL MALAYSIA INTO A FIRST WORLD NATION SOON! OH! How The Misguided Emotion & Perverted Prejudice Have Stopped So Many Foreign Funds to By Pass Malaysia Instead! Important Lesson : Many are Calling BJ Corp a dangerous counter like Foreign Fund avoiding Malaysia like pariah after Capital Control. Don't you make the same mistake! THE INVASION OF MALAYA BY JAPAN DURING WW2 I once met a Financial Consultant in Penang. He said he hated the Japanese to the bone because of their atrocities! He will never buy a Japanese car or TV. In fact everything by Japan should be avoided like a plaque by him. So I said, "But Japan suffered the consequences of 2 Atom bombs". He replied, "That's not enough to pay for their inhumanity" What? He wants total annihilation of Japan? This was his problem? He has too much past emotional baggage that is a stumbling block for him. Well for the Rest of Us We Have Long Forgotten The Animosity. We happily drive cars of Japanese makes. We also invest in Japanese Companies like UMW, Panamy, Ajinomoto and others which did pretty well. In fact for Calvin who bought UMW at RM2.40 in year 2004 UMW is now a Blue Chip after 10 years. So Begone Your animosity! Forgive & forget! And move on! Ha! Are You Still Prejudiced With Past Emotional Baggage About "Conman" VT? Learn to look beyond all these and you Shall Do Well. Very Well Indeed! The Past is over & gone! The Future Is Bright! Warmest Regards, Calvin Tan Singapore Posted on September 1st, 2014 (5 mins to 8 pm Spore Time)