KYY dare to cheat retailers?
Case study: Gadang - Koon Yew Yin (Put your comment here)
cresbinvest
Publish date: Mon, 12 Dec 2016, 01:27 PM
OTB is definitely better than Kyy.
OTB talk with facts and figures.
Kyy just urge retailers to buy the stock that Kyy recommended to make him rich.
Kyy really good? or just sucking the blood of retailers?
Kyy only very good in those stock with bad liquidity (like latitude, VS (before split)) so that he can buy the stock and control the price easily. Want the stock price up how many percent is up to him to say.
How about his recommendation of Mudajaya (from 3.00 down to 0.80), Jtiasa (from 3.50 down to 1.30), XingQuan (from 2.10 down to 0.100)? He really good in stock or he just really good in promoting stock to cheat retailers to buy to make him rich? He even asking retailers to continue buy more when he is reducing holding of VS, Latitude, and FLB stock!
With these kind of records and ethical, dare him say he is good?
I am not dare of my IC posted in public forum. Only unethical person will do this but he claimed he is so good and made donation (maybe not sincere but just want to make him shamely famous).
Last but not least, wikipedia has documented Kyy as (prey on retailers):
Case study: Gadang - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Mon, 12 Dec 2016, 12:57 PM
I read Alex Tan’s article on ROE in which he is not supporting Gadang but Ooi Teik Bee is supporting. Their statements on Gadang in i3investor.com quote
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Conclusion :Low PE of below 10 and good 5 years ROE should not be treated as a conclusion to buy a company. Many investors bought Gadang when it was selling at a PE of 8.88 when the share price was RM1.30. Besides, they noticed the ROE was improving. Thus, many rushed in to buy with the expectation that the past performance will repeat itself. Again, I am not saying that Gadang is a bad company. I just think it is involved in construction business which is very cyclical in nature and investors, especially value growth ones, need to think twice before putting your money in. |
|
Ooi Teik Bee According to my contractor friend, all contractors of MRT1 (total 8) will get a package of MRT2 project. 6 of them had secured the contract except Gadang and TRC. 11/12/2016 19:33 |
I am writing this article to share my opinion. Of course, on hind side and looking at the chart, it is easy to see what was the right thing to do. But if you did not do what you should have done, you must sell now before you lose more money.
The above chart shows that the price of Gadang started falling sharply when the company announced its 1st quarter EPS of 6.5 sen on 27th Oct. Many shareholders refused to cut loss and many bought for the bonus shares and warrants and split of shares. But the share price continues to drop on 28th Nov when the new split and bonus shares were listed. It continues to fall every day.
GOD only knows when it will stop falling and reverses its down trend.
There are obviously more sellers than buyers which causes the price to fall. If you were holding some Gadang shares, you should have started selling when the shocking profit was announced on 27th OCT. You should continue selling even when you received the split and bonus shares because you do not know when the trend will reverse so that you can sell at a higher price.
The cut loss policy is good to reduce losses but it is not so easy to execute because some investors cannot overcome their pride and ego to admit their mistakes.
However, they must remember that Gadang will not be able to make more money this year than last financial year basing on the remaining Rm 600 million value of contract works it has and its poor property development business outlook.
Its annual profit for last financial year was Rm 94 million and its 1st quarter profit of Rm 16.7 million. I cannot see how Gadang can make more profit in this current financial year than last financial year.
Many optimistic speculators like to believe Gadang will secure one of the remaining contract packages of the MRT2 project and it can derive sufficient profit to beat its last year’s profit.
From my long experience in the contracting industry, I can say Gadang is very desperate to get some contract works to pay for its fixed operating cost and salary for all its permanent staff. Bearing in mind that Gadang has not been successful in several previous tenders it would have to lower its tender price further in trying to secure one of the three remaining contract packages of the MRT2 project.
Even if Gadang can get one of the remaining contracts and even if it can make profit, the profit will not come in on time for this current financial year.
When Gadang announces its annual profit which will be less than its profit for the last financial year, its price will drop further.
Have you seen the price of any company goes up when the company reports reduced profit?
Final decision is yours
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Discussions
2 people like this. Showing 50 of 50 comments
vis a vas the market, KYY is good, very good as confirmed by this brave call even at 90 sen.
KYY critics under-estimates him despite his wealth and 33 years in the market.
2016-12-12 14:12
Stockman started to manage koon's money?dont forget to make a proper record like what kc did....just in case if the relationship turns sour then....
2016-12-12 14:42
will there be a case study of xingquan by mr koon? if no why? just because he still hold xingquan shares?
2016-12-12 14:49
fully agreed
Posted by Mangojuice > Dec 12, 2016 02:45 PM | Report Abuse
Mr Ooi must really review his relationship with Mr Koon! If i were him, i would ditch him immediately!
2016-12-12 14:54
Way too over estimate lar, what would he do to xinquan ?
When newbies all stab on a crazy bull, imagine what happens to the bull ?
Newbies power are beyond what we can predicted, if they are guided in the same direction.
2016-12-12 15:03
before that, he need to cut loss first as what his teaching.
Mangojuice Mr Koon should make multiple review on Xinquan too since he highly recommended it before!
12/12/2016 14:59
2016-12-12 15:04
No matter what, I am still respect from what KYY contribute to the poor talented students.
2016-12-12 15:05
Cut loss?i think he poured more money into it by subscribing the rights issues last year
2016-12-12 15:06
This contradict with his teaching, he could have cut loss at higher price, no?
Posted by CharlesT > Dec 12, 2016 03:06 PM | Report Abuse
Cut loss?i think he poured more money into it by subscribing the rights issues last year
2016-12-12 15:08
He cannot overcome his pride and ego to admit his mistakes, and still dreaming Xinquan can recover from bottom.
2016-12-12 15:11
don't you all see?
It a very brave , very professional call even at 90 sen...ikan bilis sure dare not make such a call
That is why he is KYY and you are ikan bilis.
2016-12-12 15:12
he did...his first sell call was above $3 cum all.
wcchua This contradict with his teaching, he could have cut loss at higher price, no?
2016-12-12 15:14
This is Kyy (https://fi.wikipedia.org/wiki/Kyy), always prey on retailers.
2016-12-12 15:16
kyy is nothing without otb. he will continue sit on his mudajaya, jtiasa, and xinquan. kakakaka.
i wonder how long otb can tahan his ego, he took all the credits, tot he is real pro in stocks investment..
2016-12-12 15:17
Feel depressed why Kyy likes to criticize OTB regarding stock selection, even nice guy like KCCHONG also cannot tahan Kyy's ego (Rich continue to act Rich). Anyway I believe OTB can be very successful even without Kyy, since OTB has good stock selection systems. So Let's see Kyy will continue sink with his Mudajya, Xinquan, FLB, VS, Chinwell, Jtiasa and many more.
2016-12-12 15:32
why so many dumpies cry father cry mother over kyy's call on gadang ??
He didn't force you to follow his call.Did he ?
Everyone in I3 forum is free to give his/her call on stock.It is each
individual to evaluate and decide for their own purchase.you are the
one responsible for your own action.
2016-12-12 15:34
My sincerely view to KYY, Bursa is too limited for u Mr Koon.
Go look around what Soft Bank do ???
2016-12-12 15:38
You might use your connection ti follow Epf or Singapore Investment Fund as a window.
2016-12-12 15:40
Last, Whish u will be stick to your team who can perform well with proven track record.
2016-12-12 15:42
just for laugh…
maybe kyy gaduh with kok onn, thats why keep asking ppl dump dump sell?
2016-12-12 16:27
Is he really stupid or he thought we all are stupid? He is misleading here by showing the chart and said the sharp fall is because of the profit dropped on first quarter, while this true Gadang did dropped from 3.3 to 2.5 in a short time and finally rebounce back to 2.7++. So he trying to said the share dropped from 3.3 to 0.91 is totally wrong because the reason the chart look like sharp fall is because of the share split and bonus share. But the share did keep on dropping from the exercise day 1.06 till now. You all may check if i telling the true. Dont fall into KYY words.
2016-12-12 17:09
Just sharing my opinion by the way. I believe if OTB sifu continue to be KYY and all other rich mans remiser, he will get 10% or more or less base on what deal he make. But i remember KYY said before he give 10%. So by managing their funds he can easily move the stock up and down. If his stock selection wrong the only one will lose money is the rich guy not him. So for him is 100% no risk sure win plan. Just my thought :)
2016-12-12 17:17
Charles bro, I trust OTB. Give the nice gentleman a break.
There are more things we shud focus on, I trust your ability in seeing things.
Let's move on.
2016-12-12 17:30
There first two "sell" call by kyy is good.
But after >1 month since his surprise U-turn, from must buy to must sell, he still has to come out with another article to ask all to sell, this is very suspicious already.
Other worse counters (Mudajaya, Xinquan, Jtitasa) promoted by kyy before, we have never seen him give a sell call.
So why is he keep asking all of us to sell Gadang?! What is the motive behind?!
2016-12-12 17:57
For those who miss the ride and feel disapointed because of that, just share this KYY article on your fb and bare in your mind.."Ive made the right decision for not buying it before"..lol
2016-12-12 19:05
plz2, don't disturb chinwel..kalau nak kacau, kasi jatuh kaw2, baru boleh beli murah.haha
2016-12-12 20:41
Kyy, dont be like that because of 1 mistake. Dont upset and dont demoralise...just buy Hibiscus tomorrow
John Lu
481 posts
Posted by John Lu > Dec 12, 2016 10:50 PM | Report Abuse X
10 reason buy Hibiscus
1) Opec and non Opec agreed to cut oil production (6 mths)
2) After 6 month, I believe they will cut more
3) Hisbiscus 3000 bpd now
4) Target 10000 bpd
5) Hibiscus cost at below 19
6) Management target to reduce the cost to below 15 pb
7) Oil price now 54 pb
8) Company continue 2Q profit
9) Free debt company
10) Last tranches pp at 29c
BUY!
2016-12-12 23:17
After 6 months Saudi & Russia will not agree to cut oil production anymore. Let's see...
2016-12-13 11:32
Mr Kyy, you are really good!
http://klse.i3investor.com/blogs/sin_chew_financial_review/111601.jsp
2016-12-13 17:05
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eagle71
When this old fox asks u to sell, he can be collecting cheaper Gadang's stock at the back. Don't be surprised he may come out one day to promote Gadang again when he has collected enough. We have used to see how he promoted stocks when they were at high price.
Gadang may not worth RM3.30 (before split), but does it worth only 91sen (after split)? We can use our own wisdom and valuation technique to analyse and make our own decision, rather than listening to the old man's buy/see call. We have seen his lousy portfolio that KC disclosed to us, he is nothing when without his investment advisors.
Anyway, he has actually done a good job in helping to press down Gadang's stock price so that we value investors can buy at cheaper price :) Hope he can continue his "good" efforts.
2016-12-12 14:08