Well, some of you would probably be familiar with how I usually start my articles when I’m not too sure how to start.
What has not been said about Koon Yew Yin for the last couple months? Hahahahahahaha
A brief background on the man
If you’re reading this, chances are you know who he is. And if you didn’t, you can bet he will remind you. Haha.
Basically, he is the co-founder of Mudajaya, IJM and Gamuda, who had the nerve to sailing in the Hong Kong crisis near the bottom.
He also got famous in the market, after being saved from Xinquan, Jtiasa, Mudajaya and more from kcchongnz and OTB.
And during the massive bull in 2013 to 2015, he followed OTB picks to the hilt, margining all the way up on VS, Latitude, Liihen, Gamuda-we etc. Turned something like RM5-10mil into more than RM100 million in a couple years.
Subsequently, he recommended a lot of stocks using that track record, Chinwel, Jaks, Sendai, Canone, Kianjoo etc, all of which either didn’t go anywhere or, as people say in I3, go Holland.
Due to his prior reputation, and his money enabling him to be a one man institutional fund in small stock exchanges in Bursa, a lot of people try to trade off his movements. The foolish ones take him at face value, the smarter ones try to make money off him and the retailers.
And after one fiasco after another, from Gadang, Gamuda-we, Hengyuan, Lionind. His name and reputation is dirt.
Good reputations are easier to build in bull markets.
The Enigma
The Positive
In his private life, many people are likely to have fond memories of him. He is one of the few rich people in Malaysia giving out scholarships very publicly. And out of his own pocket, not out of the Company’s.
He also plans to spend RM50 million building a hostel, which I am sure he intends to do, considering his actions thus far.
He also has the gumption to strongly criticize the BN government back when they were in power, which , if you were a rich and public person, takes balls.
He also took the time to write on his thoughts and perspective on various matters, political, historical, psychological etc. All of which were relatively interesting. His blog was one of the few I finished in I3.
The Negative
Given the above, many would find it very difficult to reconcile the man above, with the way he conducts himself in the market.
Illegal? No.
Highly unethical? Yes.
Unethical like bonescythe? No.
His ethics, is somewhere between, the famous quarter predictors of i3 and bonescythe’s.
He would tell you about the wonders of the company, while he could be selling.
And he would tell you how you should not buy it, and then buy the bottom?
Both of which, may very well be done in an unconscious way.
Ie, when he told you it was cheap and he was buying, at that exact point in time when he was writing, it may be cheap. But as he bought, it shot up, and given his propensity to read sentiment and trade, he starts selling.
When he says it is rubbish, and he’s not buying or selling, the price may very well fall to a place, where he sees the value, and starts buying. And then, he’ll tell you he’s buying.
But, I am fairly certain, he is conscious of his own effects in the markets, and thus trades it, making money off the very people he claims he wants to teach to make money.
Very interesting paradox.
In essence, he’s a dentist, who tells and teaches you how to take care of your teeth because planting teeth or making fake teeth is expensive. And then tells you to visit him once a month for deep washing, scrapping and sells you special toothpaste. Which may very well cost just as much.
Except, he makes your future profit off you now instead of over a few years. Hahahaha
Reconciling the enigma
Whenever I read about Koon Yew Yin, I can’t help but think of this lady boss my dad used to work for. She runs a medium sized freight, logistics, shipping company in south east asia. It’s not listed, but you are likely to see her trucks on the highway relatively often.
In business, she is ruthless, she will cut cost very viciously. Like every good businessman, for her cost is like fingernails, it needs to be trimmed constantly. Bonuses and increments are scarce.
She will chop her customers, and squeeze her suppliers as hard as possible. She negotiates like a tiger, and if you waver, she will eat you up. If you’re a competitor, she will run you down to bankruptcy without thinking twice.
She will do pretty much whatever it takes to cut down on her corporate tax.
And yet, when it comes to her personal life, she is utterly kind and generous. During the penang floods, she mobilized her trucks to bring to penang all kinds of essential goods, free of charge, without any publicity.
There isn’t any bonus most of the time, but it’s not uncommon for her to notice a staff planning to buy a house, and just transfer the deposit to him, without him asking, and with no strings attached.
She sometimes notices staff with debt problems or need cash suddenly, and she’ll just transfer it or pay it off without you asking, and no strings attached.
Many of her managers started off as truck drivers, and now becomes sales or logistics managers. Her lawyer, was an 18 year old truck driver with no education, who wanted to do law. She paid for his study fees, in Malaysia and in England. Gave him an allowance there, and basically bore all cost. Again, no strings attached. She encouraged him to go and establish his own practice the moment he got back, and became his first customer, and recommended many more to him
Needless to say a complex person.
How does that relate to Koon Yew Yin?
Well, Koon Yew Yin’s flaws are complex.
Conclusion
So what is this enigma that is Koon Yew Yin.
The smart, yet foolish person. This kind, yet vicious man. This deeply emphatic and yet completely indifferent man.
Well,
He is wide.
He is complex.
He is contradictory.
Most of all, he is human.
And he’s not your friend in the markets.
And like everyone else, just another force to be taken advantage of.
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Facebook: Choivo Capital
Website: www.choivocapital.com
Email: choivocapital@gmail.com
Too long an article. Only about a quarter of the facts are credible or palatable. The rest is your opinion. A shorter article would have ensured that you write more factually and objectively.
Great presentation of the Merdeka Celebration on TV 1 now. Don't miss it.
2018-08-31 08:29
Agree. He is now 26. Just imagine when he turns 62 , how loh soh he can be
Jon Lohsoh
2018-08-31 09:00
THUMBS UP!!!
Your father's lady Boss is the shrewd, hard-hitting Business woman with a compassionate heart to those she cares for.
That's why Calvin always say Uncle KYY is our Modern Day Robin Hood
To the Malaysian Public Uncle KYY is the Saviour of the poor and the unfortunate
In i3 Forum he turns into Robber Koon. A man with 2 split images.
And by Using his Outsized Public Image many sorchai walked into the Prison of Xinquan, the Jaws of Jaks and the mauling by Lion in LionInd
LONG LIVE UNCLE KOON
ALL GREEDY SORCHAI DIE!!!
2018-08-31 14:48
I can see after 50 years Choivo will become a farking nagger like TanEnd. I can see lots of similarities between this young TanEnd and the old Choivo.
2018-08-31 17:21
"She will chop her customers, and squeeze her suppliers as hard as possible. She negotiates like a tiger, and if you waver, she will eat you up. If you’re a competitor, she will run you down to bankruptcy without thinking twice."
Now I'm more interested to know who is this ruthless animal,lol....
2018-08-31 19:54
Jon, u know how KYY behaves in the stock market and how he pump and dump, u describe that porton well. I give u a like.
But, I don't think u know him personally, and u never met him and talk to him face-to-face, so I doubt the portion u describe his personal life is dependable.
2018-09-01 00:22
you should write fiction stories.....don't do biographies or any thing factual.
2018-09-01 01:36
Famous Amos, If i am like Calvin when i'm his age.
I'll be very happy. More than enough money to live very very comfortably to his final days. Have a loving family. Have a sharp mind and yet still take himself and life humorously. To have all the time he wants to do only the thing he likes.
If i were to want anything more, compared to how calvin tan is today, is to have better eyesight!! Hahahahaha
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FamousAmos I can see after 50 years Choivo will become a farking nagger like TanEnd. I can see lots of similarities between this young TanEnd and the old Choivo.
31/08/2018 17:21
2018-09-02 04:04
probability
conclusion : the enigma of Koon had been deciphered by Jon and yet he could not make any use out of it....kiki
2018-08-31 04:55