Koon Yew Yin's Blog
GOLDEN PHAROS – be careful of temptation - Koon Yew Yin
Koon Yew Yin
Publish date: Tue, 17 Jun 2014, 10:36 AM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
Koon Yew Yin – 17th June 2014
Many people have asked for my opinion on the meteoric rise of Golden Pharos’s share price. Since its 1st quarter result announcement on 26th May 2014 the price has shot up from 30 sen to close at 99.5 sen yesterday. Many people rushed in to buy when they see its 1stQ 2014 EPS of 14.84 sen as compared with a loss of 0.28 sen last year.
You can see from its financial highlights for the last 5 years as shown in the below table, it has been losing money in 4 out of 5 years and it made a miserable Rm 869,000 in 2011.
As the saying goes “One sallow does not make a summer”, the result of one quarter does not mean that the company can continue to make similarly good result in the next few quarters.
All I can say is that I am not buying it and my advice to readers is to be very careful if you are tempted to buy.
You have to read the company’s commentary on their prospect carefully and draw your own conclusion.
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Discussions
3 people like this. Showing 14 of 14 comments
Someone asked me to buy on Sunday, then I asked him why, he couldn't answer but just said someone recommended to him, I told him "Don't be fooled by the MaCai of syndicate, stay away from this kind of counter if you want to protect your capital and let others who are luckier to make the money!"
2014-06-17 22:31
I am surprised to see so few commentaries on this article. I notice that all my articles on politics attract a lot more comments.
When you keep quite, are you buying this stock quietly?
2014-06-19 09:05
Mr Koon - Nice of you to highlight the inherent danger of investing (based on blind faith) . i believed most of the readers browsing your blog has their own ideas (what to invest) Nonetheless it's always good to have a second opinion
2014-06-19 09:16
Hi Mr Koon! thanks for the advise. from last 2 yrs i din really invest for those share which do not have 5 yrs profit..
2014-06-19 09:34
May log productioon drop to 2913 htp fr 5328 htp in Apr. Even if the production maintain, June Q PBT will drop substantially.
2014-06-19 09:51
Mr.Koon,why do u think that Gpharos profit cannot maintain and just only one off gain?
2014-06-19 10:15
socaisocai, invest in those with profit and revenue growth for past 5 years will be even more rewarding =D
2014-06-19 10:17
congratulation uncle koon, this time u hit the nail on the head.
today drop back to 90.0c
btw. uncle koon, now adays very very quite nobody is looking at the market. despite the market is very active and uptrend lately. most ppls had been brainwashed to avoid WorldCup as they think WC means market drop.
such a foolish country.
2014-06-19 18:01
As said quiet post, big boy buying quietly . Big boy has enough volume to fool in this counter. Lets see movie now.
2014-07-10 20:07
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CS Tan
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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....
newbird33
A correct advice. This is one off gain. The result for June Q will be back to normal.
2014-06-17 12:03