Koon Yew Yin's Blog
When will I start to buy back stocks? Koon Yew Yin
Koon Yew Yin
Publish date: Mon, 19 Jul 2021, 06:29 PM
Koon Yew Yin
0 1,412
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
About 6 weeks ago, when I saw Leon Fuat selling below Rm 1.00 and its latest EPS was 11.65 sen for its quarter ending March 2021, I started to buy aggressively until 80% of my stock holdings was Leon Fuat. It was selling at PE 2. I even asked Mr Ooi Teik Bee to recommend it to all his subscribers.
Recently the number of Covid 19 cases was surging so fast that our government started to impose lockdown and mandatory MCO. During MCO all workers cannot go to work in Leon Fuat and many other companies.
As a result, I can foresee Leon Fuat will report reduced profit in the next quarter ending June 2021.
That is why I posted 3 articles to explain why I have cashed out of the stock market.
Unfortunately, Mr Ooi Teik Bee does not agree with me. To spite me he continues to criticise me in i3investors forum. He is entitled to his opinion and I am also entitled to my opinion. Only time can tell who is right and who is wrong.
Of course, many investors are tempted to buy Leon Fuat and other steel stocks because they are selling at PE 2. They will remain cheap for a long time. Leon Fuat will drop further when it announces its reduced profit for its quarter ending June. Leon Fuat closed at 97 sen today.
When will I start to buy back stock?
Since I am holding cash, I am not in a hurry to buy back stocks. I know patience is the key to successful investment. I do not want to take unnecessary risk. Currently, we have MCO and also political uncertainty. Who will be the next Prime Minister?
In any case, I want to see investor’s reaction when Leon Fuat announces its reduced profit for the quarter ending June. Leon Fuat will make its announcement before the end of August 2021.
I will start to buy back Leon Fuat and other stocks when there is no more MCO and when workers can go back to work.
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Discussions
Be the first to like this. Showing 50 of 56 comments
Philip ( buy what you understand)
I do agree with steel stocks being over pushed, I already sold my steel stocks a few months ago for a nice profit, I think the story will be as floaty as assuming palm oil stocks will explode like what calvin tan thinks.
2021-07-20 09:29
KYY will tell you after he bought a lot. Then you will help him push the price up. I wonder why SC is still pretending not see this old man.
2021-07-20 09:33
Haha, when you saw any stocks promoted by KYY for the third time it is time to sell because the music going to stop and after he already sold he will turn around and bite you and call you name.
2021-07-20 09:45
Or maybe now in this hard time after the first article he already start to sell.
2021-07-20 09:58
Well said SSLEE.
He ask to buy u sell
He ask to sell u buy. I did it for Leonfuat. Huat ah.
2021-07-20 10:02
quarter profit X 4 cannot pakai in turbulent times
some more, after Serba, now people wake up to fact quarter profits not audited.....
2021-07-20 10:29
if quarter profits cannot pakai, what can pakai?
strategic brain can pakai...no one can take away your strategic brain.
2021-07-20 10:35
Hungary EURO Matches Had Nearly 100% Occupancy Rate! Serbia Was More Daring!
2021-07-20 10:47
End of August is a long time to wait for QR. Life will be meaningless. Suggest you take 10% of your fund to gamble in the market to have fun while waiting.
2021-07-20 10:50
KYY said " I will start to buy back Leon Fuat and other stocks when there is no more MCO and when workers can go back to work."
We all know MCO will end soon, its only a matter of when. For all you know he is shouting sell now but is actually accumulating.The impact of MCO has probably reflected in the stock price already. As the price of steel is heading north so has the price of steel counters in the last 2 days.
When Leon Fuat go up to RM1.3 and above, he will shout buy and we should sell.
The golden rule is buy when kyy ask to sell and vice versa.
2021-07-20 11:56
Uncle you are so old already. Money not enough kah uncle? Uncle you can retire already. Don’t play Bursa. Don’t con newbies.
2021-07-20 17:14
Philip record on Choobee:
10] [CHOOBEE]: CHOO BEE METAL INDUSTRIES BHD (17-Dec-2020 - 24-Dec-2020) [Completed] | Total Return +6,203.46 [14.52%] over total capital of 42,725.67 | IRR: 617,146.08%
[10] [CHOOBEE]: CHOO BEE METAL INDUSTRIES BHD (17-Dec-2020 - 24-Dec-2020) [Completed] Hints : Click the Stock Name to open the portfolio's stock page.
Realized Gain: +6,203.46 | 14.52% return over total capital of 42,725.67 | Total Sell: 48,929.13 | Sell Qty.: 30,000 | 3 sell transactions...
Unrealized Gain: 0.00 | 0.00% return over total capital of 42,725.67 | Balance Qty.: 0 | Last Price: 0 | Market Value: 0
Total Return: +6,203.46 | 14.52% return over total capital of 42,725.67 | IRR: 617,146.08%
Balance Cost: -6,203.46 | +6,203.46(+∞) return over balance cost of -6,203.46
Total Buy: 42,725.67 | Buy Qty.: 30,000 | 1 buy transactions...
Search:
Date
Type
Shares
Unit Price
Net Amt.
Balance Shares
Realized Gain
Average Cost
Per Share
Balance Cost
Per Share
17-Dec-2020 Buy +30,000 1.42 +42,725.67 30,000 - 42,725.67 1.424 42,725.67 1.424
21-Dec-2020 Sell -10,000 1.61 -16,043.97 20,000 +1,802.08 28,483.78 1.424 26,681.70 1.334
23-Dec-2020 Sell -10,000 1.61 -16,043.97 10,000 +1,802.08 14,241.89 1.424 10,637.73 1.063
24-Dec-2020 Sell -10,000 1.69 -16,841.19 0 +2,599.30 0.00 0.000 -6,203.46
2021-07-20 17:47
OTB is not criticizing you. He gives his sincere view with all the facts and figures. Even if his analysis is wrong, nobody will blame him because he writes with a clear conscience. Unlike what you have done is unforgivable. You write with the intention of cheating. You tell everyone how good and fundamental the stock of your choice is. You suggest buying and keeping for the long term. You give such a fancy outlook about the stock of your pick. One or two days before you sell all your stock, you still ask people to buy and keep for the long term. You intend to trap your follower and newbie to buy before you sell. After that, you still dare to announce to the world that you are helping investors to make money through investment. Please, enough is enough. You are so rich already. I cant understand why you are still so cunning and unscrupulous even though you know you have not much time left. Remember that no matter how much money you make in your lifetime, you cant take it with you when you go.
2021-07-20 23:51
Old crook sold most of his shares last few weeks....
Now will post everyday to talk bad on stock mkt n economy hoping he can buy back lower...
Very cheapskate one
2021-07-21 06:25
TOP WIN 勝利方法，《 KYY 买之前，买入 。KYY 卖之前，卖出 》。色就是空 ，空就是色 。
20/07/2021 4:29 PM
Better go to by empat ekor if u know the number of the first prize
2021-07-21 06:25
A lesson to learn from humanity, when you recommend stock to someone, if it goes up, a few will say thank you, the rest would not and profit by it. And the next one you recommend ends up in the dump, many will curse you and forever etches in their mine you as a conman. It's better not to give advice even though you place a caveat.
2021-07-21 11:05
kyy is displaying some of his masterly strokes to us when battling it out in the mkt to get his loots.
Of course, he will NOT show to us ALL his expert moves when doing so lah !
2021-07-21 12:05
MCO is here to stay at least till end of 2022.
The description will either be CMCO, RMCO etc
To wait for next GE in 2023, that's a long wait.
Time waits for no one.
2021-07-21 12:27
When will I start to buy back stocks? Answer: Buy at anytime if you have the money and time to wait...
2021-07-21 12:40
I refer to ranting Posted by OTB > Jul 21, 2021 10:51 AM .. I rarely write in I3forum but this is grossly unfair.
Except for the newbies or inexperienced, we all know how the game is played ..don’t have to crap about the expertise in fundamentals or technical. High turnover stocks are played with ulterior motives to misled others to take advantage. I see no reason why one still tack the coat-tail of others who are detrimental to them.
Metals had been in demand since late last year, if one is such an expert, genuinely helpful and acquainted in such business, would have recommended those stocks in the middle of last year. Expertise after the fact is so fake.
Without a doubt you need volume to make some money in the crazy stock market.. happened all over the world when people treat it like a casino. Mr. Koon has the means and with you it is a perfect storm .. so stop sulking, we know your part in this is play.
For the braves and somewhat blinded, just be careful.
For those who may not be aware .. here is sometimes how a stock is played.. say, buy and sell at 20% difference, you end up having the 20% stock for free (but make sure it is a good stock with potential) .. to say experienced player losing hundreds of millions is hard to believe, all those shares are free to begin with.
2021-07-21 14:45
I really don’t know the relationship between KYY & OTB, but seem like 狗咬狗骨+藕断丝连+又恨又爱+见面开心喝茶+但散后又互相伤害
So complicated
2021-07-21 17:34
But when you start investing in stocks in a safe environment, stock prices will be already high.
2021-07-21 23:29
With all due respect sir. You may want to look at calculating a stock's intrinsic value from this vid. the PE method needs to be updated. Also it has to be combined with technical analysis. cheers sir.
https://youtu.be/Np9JSCHWqFQ
2021-07-24 16:24
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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....
Tobby
They say if you wait until the birds eat all the worms, you may get what you wish for! Yeah right, nothing!
2021-07-19 22:57