Oh, incidentally KYY loves to buy warrants too, for obvious reasons!

@cksam. To each his own. You are clearly a trader and you would have, without a doubt, done very well with your TAs etc. That’s pretty obvious.

However, Koon Yew Yin, (KYY), one of the most successful and respected local stock investors (he recently donated RM50M to charity...with due respect, how much did you donate, I wonder?) eschews matured counters and dividend income. In his view, matured counters have too high PEs and in Malaysia, dividend income is often low, although a declaration of a dividend payout can drive a stock.

He doesn’t care about the price of the stocks he buys and he has just 2 simple Golden Rules for Stockpicking: He’d buy if the co has 2 consecutive quarters of profits & it has a PE below 10. Edu fits KYY’s criteria. The last 2 consecutive QRs for Edu showed profit and the PE is minus 14!

The counters he buys normally shoot up beyond recognition. If Edu comes to his attention...with the high volume I’m sure he’s studying it.

KYY has such a huge war chest that no syndicate would ever dare short when they find out that he’s buying, coz he’s known to throw RM150M on a stock!

He usually ends up being the 2nd largest shareholder after his buys.

For instance he became the 2nd largest shareholder in V S Industry and the price shot up from 30 sen in June 2014 to Rm 1.70 in Dec 2016, an increase of 550 % within 18 months.

He also became the 2nd largest shareholder in Lii Hen and the counter shot up from 40 sen in mid 2013 to Rm 3.00 in Oct 2015, an increase of 750% within 2,5 years.

In Latitude he became the 4th largest shareholder and the price went up from Rm 1.00 to Rm 8.00, an increase of 800 % within 2.5 years.

Notice, unlike you traders @cksam, KYY is a long term holder and he doesn’t dive in and take profit periodically like you traders do. Pl observe that KYY’s average holding time was 2.17 years for each share. He hadn’t done too badly, has he?

Selamat Hari Raya Haji