The following are copied from Koon man's blog, better read wisely & carefully.
(Original article: http://klse.i3investor.com/blogs/koonyewyinblog/108109.jsp)
6th Nov 2016
After careful consideration, I must admit my mistake in giving you the wrong opinion of Gadang. I have requested the Administrator of i3investor.com to withdraw my article under the title “My Opinion of Gadang after the AGM & EGM” which was published yesterday.
Although Gadang has been making increasing profit in the last 5 years as shown in its latest annual report, I do not think it will be able to make more profit in the current financial year than last financial year. My reasons are:
I do not recommend you to buy Gadang because it does not comply with my share selection golden rule. It cannot make more profit in this current year than last financial year. When it announces its annual profit which is likely to be less than last year, its share price will fall.
After having said all the negative things, I am very impressed by Gadang’s ability to secure a Singapore property company as joint venture partner to develop its land named Capital City at Iskandar Johor Bahru. Gadang bought the land about 20 years ago and it revalued it for the JV. It has no risk. The Singapore partner has injected this development into its listed company in Singapore and is responsible for the development cost and sales.
I am also impressed by its ability to secure a joint venture of 121 acres of land namely Laman Land View, Cyberjaya.
Kwasa Land Bhd must have faith to select Gadang as joint venture partner to develop 24 acres of its land in the choicest area near Kuala Lumpur. The JV period is for 20 years. Although the property market is soft currently, Gadang will only start building when there are buyers. Gadang can wait because it has no holding charges, it did not pay for the land. While waiting the land will continue to appreciates. Can you imagine the land price in 20 years? In the property development business, it is called using a silk string to tie up a cow which continues to produce milk.
In view of its good future profit growth prospect, I believe it will be good to buy back some Gadang shares at a cheaper price for long term investment.
What about fair comment and human error in assessment? He doesn't need to write his blog for you.
2016-11-07 21:25
Don't be happy.
Karma will do whatever
should be done on you Kyy.
Beware ya.
2016-11-07 21:25
So ? you try to scare me of what? Why you can say anything here but whenever I post you come and warm me?
2016-11-07 21:52
Kyy is just a human being not a god. We shouldn't blame him. He just told us for good faith. The money is on our hand, whether u wanna invest or not is depended on urself. Anyway if he can tell everything accurately, then everyone no need to work, just follow him to buy. Then u will become very rich. Remember no gain without hard work.... In my life, i don't believe that u can get any fast way money without any effort. Even u put an effort, doesn't mean tat u can earn big money. Blaming is just to put ur mistake to other people. Be a man, be responsible to the decision u made. DONT ALWAYS GIVE EXCUSE FOR UR MISTAKE
2016-11-07 22:04
Nah..if u are as handsome as this gentleman than u can hentam as much as u want....
2016-11-07 22:05
Everyone make mistakes. But i wonder why he want so high profile at this age? EGO?
2016-11-07 22:07
I already said kyy is selling.....to cover his xinquan.....he blow water kuat kuat until all the sohai chase high for him....these few days he profit take...so gadang drop back to 1.50...then only he consider buy back....same symptom like FLBHD...Gluck to sohai newbies
2016-11-07 22:07
when he wrote those article, he already sold to you all, he feel lucky got all his follower to help him push up the price after release the bad quarter
2016-11-07 22:09
I don't think Kyy will do such a silly job. A syndicate wont be so stupid to show his real identity.
2016-11-07 22:14
Kyy, coldeye and TTB r all successful investor in klse. They have their own investing strategy which no one would like to share their "secret". I think Kyy is generous for sharing his own "secret ingredients". The "ingredients" r the most important to make our investment to be successful. We can easily get the "ingredients". But whether the food is delicious or not, all is depended ourselves.
2016-11-07 22:25
Too be fair to him and everyone. I think all nonsense of KYY should be put a stop now. If everyone keeps blaming, who dare to publish article in this forum for free. The most important now is how to minimize ur loss and how to maximize ur profit, learn from the mistake.
2016-11-07 22:34
To KYY, u have really done a big mistake of publishing investar IC. May be because of ego.... Ask ur heart, Y u r writing articles? helping people? If ur objective of writing is to help people, u shouldn't care about what people said bad about u. UR OFFER, doesn't not mean tat everyone should accept UR OFFER. Some may have the right to reject it. When the offer is rejected.... U should have prepared the OBJECTION. As long as u know u r helping those who accept UR OFFER, don't bother wat people said. Ur objective is actually achieved.
2016-11-07 22:50
Stop blaming ppl la. When u follow kyy and make money u never thank him. But when u lose y complain
2016-11-07 23:05
its an honest assessment and admission.... but if u ask me I think the strategy is shoot down the price in order to accumulate, what other best way than to say "my wrong assessment.... now corrected" :-) im game...
2016-11-08 00:32
股票投资的成败,关键是在投资者,而不是在股市,投资者如果采取孙子兵法的“先处战地而待敌者佚”的战略,则胜券在握,如果所采取的是“后处战地而趋战者劳”的战略,则被打败是理所当然,打胜仗是侥倖。
http://klse.i3investor.com/blogs/coldeyed_suntzu/107537.jsp
2016-11-08 08:13
Property share actually not good for invest coz of lot ppl getting suffer in life when buying high price.let it share drop till affordable or stop ingest it. then every one can buy cheap home to life.
2016-11-08 12:04
Hope everyone stop invest in property share.if not all this fat cat continue to swallow nation wealth and next generation continue suffer.
2016-11-08 12:09
KYY's stocks is good but problem is KYY only recommends when share price already up 50-80%. Appreciate if KYY share it earlier.
2016-11-08 23:52
Most of these super investors would have already own the shares they recommend. This is human nature. Nothing to shout about. Your good friend might lead u to the toilet BUT u expect him to help u remove yr pants also!
2016-11-09 09:34
RUOutOfUrMind
Talk whatever you want to talk here
2016-11-07 20:55