kyy has sold subur and went into hengyuan. am, however, not sure if he is still collecting hengyuan or selling them off now. hengyuan appears to be weakening after strong movements a few trading days ago.
kyy has sold all his holdings in subur. on 8th may, kyy said subur is the best stock to buy and you can even go borrow money to buy if you dont have money. on 11th may, kyy said subur is going up higher and should go even higher as weak holders are selling. then on 20th may, he said he has sold all his subur to buy hengyuan. those who listened to him must be stuck now.
was informed that kyy has just started telling everyone that he is into hengyuan after dumping subur. he encouraged so many people to buy subur and probably starting selling while at the same time promoting it (subur) as a buy. pity those who listened to him.
Goldberg was right that KYY commented that demand for gloves will continue to rise despite the emergence of vaccines. In fact, he posted a big picture where gloves will be used widely by nurses administering vaccines. However, KYY is now contradicting for the very comments he made just less than 6 weeks ago. No one can fathom what behind or why he say such comment now. Maybe he was selling his glove stocks and issuing such comments then and saying the reversal to buy the stocks now? I hope not as KYY swore that he wanted us to make money only.
Am not writing in an attempt to flog a dead horse, but please think rationally before spewing out comments which aren't helpful and could very well show how shallow one can be. MMC owns five ports in Malaysia and one in Saudi Arabia. All these ports will be used as economically things will pick up eventually, and the same ports will be utilized. How on earth that they can't make money, going forward?
Dear All, MMC should be doing better than its current price simply because viz:- I) The port sector which is one of MMC's main business contributor would be doing well after several years of laggard movements. ii) MMC is in control of five ports in Malaysia and would be silly if you think that profits will not improve, given the consideration of improving port movements all over the world. Singapore is poised to do better this year as announced by its PM. iii) Dividend is expected to improve this year. iv) Relatively low price and could attract investors who are flocking away from banks, which are giving out low FD rates. v) Government-linked company and first to benefit from government's policies. vi) Relatively good management. vii) Top shareholders are mainly government funds.
Looks like buying volume continues to hold. Good sign and hope price continues to rise. By the way, what is so wrong if KYY is buying into this counter? Heavy purchase by him would only increase the price.
MMC has been on the radar since November last year. Many investors could have missed it out. The current price of RM1.18 is still considered cheap. Volume are building up recently and I felt that serious investors have been moving into this counter since last year. The recent news that KYY is buying into MMC should not be of any concerns. Even if he is pushing this counter up, I seriously do not think he will exit at this point in time as it would not have achieved his margins. I sincerely think it will hit RM1.50 as many analysts are saying.
My worry is on whether government approves the EPF withdrawal requests from various political parties or not. UMNO has strongly asked for RM5,000 withdrawal per individual so long he or she is eligible. The current government has been placed under very tight spot on this matter. They may lose popularity among the rakyat if they don't approve the request. But if they do, EPF will have to divest its investments in order to raise cash for such withdrawals. Imagine 5 million depositors apply to withdraw, the amount would be RM25 billion. Stock market may crash if such approval is granted.
DLLM99 is right. It is just volume being sold by traders who will have to pay after T plus 2. New traders and the same groups will come back in, judging from the volume and support price. As for KYY's comment, please read into Mah Sing's announcement so as to get a better understanding of the rubber factory which they have invested and the capital outlay on refurbishments. Ignore such noises.
Many glove investors who invested into Supermax, Top Glove, Rubberex and others might be worried as such investors may sell down their holdings to buy Mah Sing which is at cheaper entry price. Imagine if you have bought Top Glove at 5. You need to sell all and convert to Mah Sing at 1.40.
Bank Negara Malaysia (BNM) commented that interest rates are expected to go down. Most investors will buy shares. Many would go for hot counters. Mah Sing will benefit on the back of this trend alone and would not go down drastically or suddenly. Look at the volume today.
Most investors with cash would not be able to find yet another with such promising uptrend to buy. Many of them would not be placing those cash into FDs as well too. For example RM100,000 would get you RM1,700 per annum in FD compared to RM15,000 if you invest in Mah Sing at RM1 and sell RM1.16. So, very unlikely that the price will fall drastically unless some big institution sells, which none of them are holding big in Mah Sing. EPF may come in and you probably know the answer where the share price would go.
Short of Mah Sing announcing that they are now retreating from the rubber glove venture, I don't think the price would fall as predicted by some.
Congratulations to everyone who had invested into Mah Sing. The rise of Mah Sing in share price i is not sudden but has been expected several months ago. Mah Sing's property developments have always been popular among Malaysians as they are affordable if compared to the rest especially in KL. Mah Sing's sales of property have been strong and the bookings have always been high, even until recently. However, the challenge is to convert those bookings into S&P sales. I am not sure of its percentage of success but was informed that it is around 80-85%, which is considered commendable.
Mah Sing's foray into rubber gloves(surgical) has been in the news for some time. Some commentators in this forum said it was a hoax to "goreng" the price up. Now that it has been officially announced, they say the capital layout would break Mah Sing's back or it could be gobbled up by other glove players. Well, my advise is please maintain decorum and manner when commenting. Argue with basis and facts, and not emotions and hate. For those who have missed the boat, please try to invest on a long-term basis.
Mah Sing's has the connections into this rubber glove business and the connections are reliable with strong business acumens and financially strong.
Prices of Mah Sing went down lower for the past days simply because market has been rather lethargic and following international indices trend. My view on Mah Sing remains unchanged and expect prices to improve moving forward following the reasons below:- I) more bookings will be converted to actual sales and profitability will be reflected in the next quarter. ii) expected an announcement of JV with government on specialized project(s). iii) low interest rates for FDs encouraged individuals to invest into stocks. iv) strong fundamentals of the company.
RHB has given Mah Sing the thumbs up and as investors we should consider the pros and cons before investing. The writings that MS is going into the currently hot business of healthcare are on the walls. Establishing production lines of rubber related products like surgical gloves, face shields and others can be relatively easy. However, availability of suitable land and approvals from authorities would require some time. My view is that investing on MS for longer haul of say two years would definitely something that you and I would not want to miss given the current development.
Most probably may not know that Mah Sing has been into the plastic industries since 1979. Mah Sing has been producing pallet, multi-purpose industrial containers, storage bins, security tool box, trolley, plastic furniture and even security helmets. The money made from its plastic division were divested into property development, and naturally the property division grown bigger than the plastic division. Many would also probably unaware that the plastic business / industry is a money making business. Other big groups which I know involved in plastic business manufacturing and silently making money are Taiko Drums and Kong Loong Huat.
venturing into healthcare, possibly nitrile gloves, would increase income and profitability, but not within the next 3 years. Mah Sing would still require to hunt for suitable land and established production lines. Unless, of course, they turn current plastic facilities into glove manufacturing lines. Nonetheless, its current upbeat sales on recently launched condominiums are doing well and unbilled sales are quite substantial. I strongly recommend investors to buy and hold for at least two to three years, given its cheap price now.
simple123, yes, you will receive the dividend of 3.35 sen as the ex-date is on 15 sept. the dividend is RM3,350 if you have 100,000 mah sing. 100,000 mah sing is equivalent to RM52,500. if you keep RM52,500 in the bank you will receive RM1,312.50 on 12 months interest. RM3,350 over RM52,500 is 6.38%. plus the price is dirt cheap now. On simple logic which do you think investors with cash will prefer?
buy and keep for one year. this stock will appreciate in price over time due to its various projects which are affordable to most Malaysians. mah sing participation in hoc is another springboard for them to achieve better sales during this difficult period. the dividend payout is much better than bank. I certainly believe that many investors with money in fd will soon be taking them out to invest in shares. good dividene stocks will be their favourites. therefore I believe mah sing would be one of those stocks that they may look into due to cheap price, good dividend, good management and valuable business when economy recovers. simple logics.
I believe Mah Sing would be a good long term buy for those who could afford to wait out for say, a year or two. Most of Mah Sing's developments are in Kuala Lumpur which is the crown jewel of Malaysia. Mah Sing will be the first to enjoy the benefits of any property recovery due to its development at the right location. Is all about location in property development.
Chrisk, Riverview is held by the Huntsman family. After the death of Williams Huntsman, the family (inclusive of extended families) brought in a new regime headed by Oliver Huntsman. The new regime was inspired by the new chairman, an ex-planter, who came up with expansion ideas, so on and so forth. However, after 5 years into it, I noticed nothing has taken place vis-à-vis the old regime. Unless one has no other counter to invest, they can look at Riverview.
Dear All, Anyone among all commentators who may have contacts who owns and wish to sell off their Lam Soon (M) Berhad shares? I have been informed that Lam Soon (M) offered many sundry shop owners to buy its shares at par value in 1985.
then kyy must have deep pockets to be able to nominate proxies to buy back on behalf. going by beary's analogy, kyy shouldn't have first bought through margins as I wonder how he would be able to finance his proxies to buy back. my take is jaks will continue to fall as long as huge amount of its shares are being thrown out in the market. unless of course, a white knight comes along. could it be the perak state government?
JAKS is slowly going down and does not look good anymore. News that KYY is selling as it appear in Bursa Malaysia coupled with his recent endorsement of Lion Industries will send jitters to retail investors and would definitely dampen share price.
It appears that KYY is eyeing Lion Industries now. Calvintaneng might be right to say that KYY is moving away from JAKS and getting into Lion Industries. If this is true, then prices of JAKS will fall like a stone as KYY would require funds to pump up Lion Industries.
Well, I remember very well when Mr. Koon mentioned that the management of Xingquan is putting angpows into shareholders' pockets when they announced free warrants in exchange of dividends. God knows how many fingers were burnt in buying this junk. It is best to keep away from JAKS at this point in time unless one has money to spare for long term. The power plant story is still very much dicey as nothing has really been cast on stone, especially places like Vietnam, Cambodia and Burma. To me, is quite risky but again, no risk, no gain.
Let us reconcile with the fact that the apparent heavy selling for the past days were shares pledged to the banks. It is beyond the holders' ability to stop it as the banks felt it is better for them to recoup cash for the loans than to wait for the price to recover. In other words, the banks prefer to adopt the strategy of "one bird in the hand is worth two in the bush". We should also stop flogging a dead horse. My two cents worth.
Well, it is not so much that KYY wanting to sell, but the banks are selling on his behalf. Most of his holdings in JAKS are pledged to the banks. The banks require to cushion themselves comfortably in the event of a price meltdown of JAKS. JAKS is probably valued at 0.75 by the bankers now.
Dear All, It does appears that KYY's equity in JAKS is being reduced. In just one day, I was informed that 7.70 million of his holdings in JAKS were disposed. That is a whopping amount by any standard. Guess it is time to be very careful with JAKS. My old man use to tell me that bankers are your friends as well as an umbrella provider to during sunny day. However, they will take the umbrella away when it rains. It pours when it rains. So, seriously, be careful.
I believe KYY had attempted to call EGM with the notion of voting two of his keymen into JAKS in mind but to no avail. One must ask KYY as to why he failed to do so. The cash calls requested by JAKS is something very strange if the company has been doing well. This is akin to Xingquan?
I see. I wasn't aware of the Annual Report. I have just went through it and going by the report, Mr. Koon and parties related to him would have 19,398,700 shares. But in any case, my source said he has 16,000,000 shares. Be that as it may, Canone should be interesting going forward as it may attract further interests from the general investors out there.
I have been informed by a reliable source that Mr. Koon Yew Yin owns 16,000,000 of Canone and very confident that it would be another LiHen in the making. For those who has Canone, you are lucky as Super Investor Koon is on board.
Write a comment..Xingquan is another counter which Mr. Koon Yew Yin recklessly suggested to the investing public. Koon Yew Yin invested heavily into Pahang Consolidated many years ago and lost as much as he lost in Xingquan. He gave away all the certificates (Pahang Consolidated) to those who attended his party in 1990, if I can remember correctly. I sincerely believe that Mr. Koon got carried away with Xingquan's "account" which was then worth RM3.60, selling for RM1.60 in 2011.
Many have lost money in Xingquan by just listening to Koon Yew Yin. I know many who lost several hundred thousands just on this counter.
Always remember that the Chinese businessperson do not care two hoods whether you have lost millions as they are interested for their well-being only. They should be jailed or suffer the same fate as those officials in North Korea.
Xingquan is a cheat and we have all been conned by them. Malaysians are no match to these Chinese cheaters.
Well, we have to reconcile with the fact that KYY kept promoting several counters in his after buying them. For example, Xingquan, R. Sawit, Ta Ann, Evergreen, Focus Lumber, VS, Canone, LiHen and the list goes on. Many would tend to follow simply because they felt that KYY is rich and made his millions through stocks. This is a remark of his own. Many would tend to follow him simply because he confessed that the millions he made from stocks are given to charity and sponsorships. But these fans are changing to be his haters. These fans lost money in those stocks mentioned. Xingquan for example has went down from RM1.60 to RM0.28. What if you have invested RM10,000 of your RM20,000 savings in Xingquan? What about R. Sawit? But I have confident in Canone as the numbers are churning out to be good. Having said that, Xingquan churns out the good number too.
I believe any are gunning down Mr. Koon Yew Yin after the apparent dsmal performances recorded in Focus Lumber, VS ad a few other counters which he promoted recently. Canone is the target now. Do you think Canone will suffer the same fate like Focus Lumber? My take is no is you look at Johore Tin at the moment. Koon Yew Yin is holding 15 million shares and it may take him a while to sell them off.
Please don't be panic. It is a blessing in disguise as Can-One will find another buyer who will pay more than the price Aspire has previously agreed. This is the reason as to why the sale kept being delayed. So, brace for more actions in the weeks ahead.
Moreover, if you look at the top thirty largest shareholders, you will notice that Mr. Koon Yew Yin and his nominees are holding substantial shares in Can-One. I believe the value is worth more than RM80,000,000. It must be good for him to buy so much.
Please take note that some investors are jittery with Can-One following the recently quarterly financial results which was surprisingly poor. Some are selling Can-One due to the apparent weakening of USD and some other petty reasons as well. However, please be advised that the USD is expected to remain steady over Ringgit and is not going to weaken anytime soon. Malaysia is trying very hard to expand its exports to various other countries so as to increase earnings. Therefore, USD should remain steady for at least the next 6 months.
I believe many investors are contradicting themselves i.e. the main reason as to why the sudden surge of Can-One several months ago was due to its impending sale of Kian Joo to third party investor. Unless the deal has been aborted, Can-One is value for investment now.
I have no reason to misled anyone of you but my comment is purely on facts. I am holding Can-One.