I first founded Mudajaya with a few partners in 1967. We joined IGB and Jrutama to list IJM in about 1990 (3 companies) We sold the shell of Mudajaya to the people who eventually listed the company.

SOP, Everyone can be successful in investment even if he does not have higher education. For a start, a new investor must get a good broker who can introduce good shares and with explanation so that he can learn. He can then improve and become a clever investor.

vaentec, I read your article on 'integrity' on your website SAVVY. You should post it to teach people and also gain some publicity which essential for your business.

I would like to meet with to discuss how I can spend my money to help people to gain knowledge which is most important as you said.

vaentec, as I said, I am only a novice in technical analysis. I agree with you. I select shares to buy basing on good fundamentals and only use chart for reconfirmation. In any case, I only bought a relatively small amount of TH Plant because I believe it, like most other plantation companies, will benefit additional profit due to the CPO price increase for this year.

I think I read your article on "integrity" on you website. You are a very successful fund manager and you should post your article to benefit readers and also to gain some publicity which should be good for your business.

Titicamara, I am very sure my wife who is charge of my charity will answer every application within 1 or 2 days. Please write again to kitpheng@gmail.com

Top_investor, Economics and politics are interconnected. That is why in the famous London School of Economics, Political Science is one of the important subjects. You must remember, politicians make all the rules that affect economics, investment, your life and your future generations.

If this article is not suitable, I am sure the controller of this blog will not post it. Just within one day, there are already 53 commentaries.

My intention of writing this is to tell people that the current Government is not good and voters should vote for a change.

In 1970 when the NEP was introduced, the GDP per capita for Singapore, Taiwan and South Korea is about the same as Malaysia. Currently Singapore, Taiwan and S Korea are 3.5 times, 3 times and 2.5 time Malaysia respectively, despite that they all did not have the natural resources, like fossil fuel, palm oil, tin and rubber.

Top_investor, who are you to call me stupid. Open your eyes!!

Pah Lah, today CIMB Research published a report with a title "Catalyst Round the corner for Mudajaya" regarding the award of the Kindex elevated highway,

Mulpha holds 22% of Mudajaya and another major shareholder, former CEO, Ng Ying Loong is in control of 24%. It is selling much cheaper in terms of P/E ratio than IJM Corp and I prefer to buy Mudajaya.

TSH is famous but I prefer to buy JT, Kulim, SOP, TH Plant, FGV and Sarawak Plant at this price level.

Johnny cash took all the trouble to type out the full list of shares sold by Directors of 24 public listed companies. Among the 24 companies, Yong Yee Coi, Mudajaya Director sold 100,000 shares and his remaining holdings is 694,333 shares. Most of his holdings could be from his ESOS scheme which he paid Rm 1.90 per share.

Director, Ng Chee Kin sold 110.000 shares and his total holding is about 1,020,000 shares.

Former CEO, Ng Ying Loong sold in 4 separate days recently a total of 180,000 shares and he has a total of about 133,680,000 shares.

Although the total amount the company directors sold was small, nevertheless it gives the impression that they have no faith of the company.

I know they all have been working for Mudajaya for many decades and are tired of waiting for the share price to climb above Rm 3.00.

Please look at the above price chart.The price has been consolidating within this band for the last 3 or 4 years.

All serious investors will agree with me that Mudajaya is a very good buy at this price level. The downside risk in minimum.

I hope Johnny cash will not continue to make a mountain out of a mole hill.

WAH! I am so happy that I have created so much of intellectual and philosophical discussion. WilburR2 has his various understanding of "LUCK". According to Seneca, a Roman Philosopher LUCK is what happens when preparation meets opportunity.

candlewick, your question requires a very long answers which is out of the scope of this forum. In any case, I am not a politician and knowledge in world politics is very limited.

Johnny cash, the price of Mudajaya has been consolidation at this level for long time. The downside risk is very minimum. If you cannot wait then you can buy other shares. In any case, I am not asking you to buy Mudajaya.

WilburR2, please tell me what is luck? After I know your answer I will tell you what I think. I am very happy that my article has generated a lot intelligent discussion. It is really thought provoking.

Alphabeta, I must tell you and other readers that I am also not sure what is the best price to buy. As you know there are so many discouraging opinions, but I just bought a relatively small amount and hope the tide will lift it up. This is not my major holding.

The price chart shows that the price has been falling since its IPO and I am just nibbling every time it falls a few sens. A professional chartist will wait for it to make a new price spurt before he buys.

fatty_tang, I have been buying Mudajaya for many years because it deserved a much higher rating. It is a very good company but it is not exciting enough for fund managers. I told the management to issue free convertible warrant to benefit shareholders who have been patiently waiting for the completion of the IPP projects in India. Issuing free warrants which are marketable is like giving cash to all the shareholders.

Be patient.

Imenwe, I appreciate your opinion. You mentioned that there are many other plantation shares which are better bets. I agree with you. That is why I have been accumulating Kulim, SOP, Sarawak Plant and TH Plant. Of course JT is my largest holding and Kulim is my 2nd largest.

AS I said, the high tide will carry all boats higher.

I must thank you all for shooting down Duitbesar who must have gained a lot being a crony of the BN government. Just look at the CEO of Puncak Niaga's fantastic salary of more than Rm 500,000 per month. The BN Government gave him the Selangor water concession without open tender. As a result, consumers are forced to pay the highest water rate in Malaysia.

Eventually, you all have to pay the huge ransom to buy over Puncak Niaga to resolve the problem which was created by the BN Government. The electricity and the highway toll roads concessions were also given out without open competitive tender.

You all must remember what I say when you vote the next time.

I am so happy to know that many people like Imenwe and optimus7 who used to ridicule my writings are now supporting me.

After reading your commentaries especially regarding FGV's old age palm profile, investors should not be too concerned. In fact, when the CPO price is so good, FGV should stop replanting until CPO price is lower to take advantage of the additional profit. Why should they cut down any palm when it is producing additional profit?

With regard to their seemingly careless spending of their cash in buying a logistic company which I believe can be useful to improve their shipment of huge amount of CPO, fertiliser, equipment etc. In any case, the amount of money involved is so small in comparison with the huge amount of additional windfall profit.

As I said, when FGV shows its windfall profit in the next few quarters, its share price should shoot and you can sell your shares to buy some other shares which you prefer. That is my strategy. You may ask 'How do you know?' My answer 'I have used this trick before!!!

Fortunately or unfortunately I do not know enough of Bahasa to understand Duitbasar's commentaries, otherwise I could have responded appropriately.

During my schooling days, Bahasa was not taught. I only know enough to order mee robus and pay parking fine. This is not the reason why I did not get a datoship. Do I want it?

Fortunately or unfortunately I do not know enough of Bahasa to understand Duitbasar's commentaries, otherwise I could have responded appropriately.

During my schooling days, Bahasa was not taught. I only know enough to order mee robus and pay parking fine. This is not the reason why I did not get a datoship. Do I want it?

Alexandra Wong's article refers to another person who is my oldest business partner and my constant friend. His political ideology is very different from mine. To avoid arguing and spoil our friendship, we can talk about anything except politics. We both are very similar in many aspects except our view in the political affairs in our country. He is a very respectable and successful businessman. He is a good man and we will be going to Kyoto to enjoy the cherry blossom in mid April.

My book title: Malaysia:Road Map for achieving Vision 2020 which has been endorsed by Dato Ambiga Sreenevasan, Professor Glen Arnold, DR Azly Rahman and Professor James Chin , Monash University. Tengku Razaleigh wrote the Foreword and also launched the Book on 1st April 2012.

It contained my most my articles which are not published by normal newspapers.

It is on sale in most book shops. If you have difficulty you can contact the publisher Strategic Information and Research Development Centre, 11, Lorong 11/4E, 46200, Petaling Jaya, Selangor. or email: sird@streamyx.com

I must thank nsk82 for the video link of my talk at Kajang . All readers should click the link to listen to my talk.

kenken85, Mudajaya is my largest holding besides plantation shares and I hope this information will help you sleep soundly.

I gave Ng Ying Loong his first job and eventually he became the CEO of Mudajaya. He retired about 4 years ago and his private company called Dataran SEntral Sdn Bhd holds 24.59% equal to about 133,000,000 Mudajaya shares. He sells a little bit to buy a new car or a better house or go for holidays. Unfortunately, there are currently very few buyers. As a result, whenever Ng sells, the price drops.

I often speaks to NG and the current CEO and that is why I am still holding several millions Mudajaya shares. Mudajaya is a very well managed and profitable company. Since its inception, it has been consistently making profit every year,as far as I can remember. It has a very good balance sheet. It is undervalued.

Wait for the good news about their Indian IPP power station completion and the announcement of the sustainable profit for 25 years. This is additional profit on the top of normal profit.

Don't worry, be patient!

I always welcome readers's point of view. I always remember that if I do not look at others point of view, I will never learn any thing new.

But, I hate to read some sarcastic remarks or abusive ridicules. For example, the 2nd comment from 390465 above quote 'so uncle koon recommending Jaya Tiasa again'. Don't you think he deserved to be called a stupid idiot who wants to show his frustration because he did not buy JT when it was selling at about RM 2.00?

I am 81 years old and before I die, I just want to share all my accumulated knowledge with you and give away all my accumulated wealth, mostly from the stock market to do charity.

With reference to all the other commentaries, my answer is this:

Remember high tide lifts up all boats. In this situation, due to the CPO price difference of about Rm 500 per ton from the average last year's price and this year's price, all plantation companies will enjoy additional profit for no effort.

In all normal cases of stock selection, I will consider all those factors you mentioned above. But in this case of FGV, I just look at the estates and not at the palms. As I said, even if the management is inefficient, FGV will get an additional Rm 1.59 billion for doing nothing. By the way, FGV also received about Rm 5 billion cash at the IPO.

That is why I wrote the article to point out that all the professional analysts complained about small issues and they did not look at the big picture.

Many readers want to know which plantation or any other share is best. I cannot tell for sure. But my choices are JT, Kulim, FGV, SOP, Sarawak Plant and TH Plant which formed about 80% of my total investment.

Many of my personal friends asked for my opinion of their holdings in properties, banks, industries and in other sectors. My answer is I am not sure about the shares you are holding, but I am 100% sure the almost all plantation companies will be able to make more profit this year than last year which is the most important consideration in stock selection.

Have you seen any reasonable good company's share price come down if the company is making more and more profit?

Take advantage of this situation to make profit. Best wishes to you all including those who abuse me.

I appreciate Jonathan's and sotsot's opinion. I always welcome readers's point of view. I always remember that if I do not look at others point of view, I will never learn any thing new.

But, I hate to read some sarcastic remarks or abusive ridicules. For example, the first comment for my previous article "Best Time To buy Plantation Stocks" was quote 'Again Koon wants to promote Jaya Tiasa'.

I am 81 years old and before I die, I just want to share all my accumulated knowledge with you and give away all my accumulated wealth, mostly from the stock market to do charity.

In all normal cases of stock selection, I will consider all those factors you mentioned above. But in this case of FGV, I just look at the estates and not at the palms. As I said, even if the management is inefficient, FGV will get an additional Rm 1.59 billion for doing nothing. By the way, FGV also received about Rm 5 billion cash at the IPO.

That is why I wrote this article to point out that all the professional analysts complained about small issues and they did not look at the big picture.

To answer Mobius' question, as I said due to the additional profit from the CPO price differences of last year and this year, all plantation companies will get additional profit for doing nothing. Kretam, TDM and all plantation companies will benefit and you are free to choose.

My choices are JT, Kulim, FGV, SOP, Sarawak Plant and TH Plant which formed about 80% of my total investment.

Many of my personal friends asked for my opinion of their holdings in properties, banks, industries and in other sectors. My answer is I am not sure about the shares you are holding, but I am 100% sure the almost all plantation companies will be able to make more profit this year than last year which is the most important consideration in stock selection.

Have you seen any reasonable good company's share price come down if the company is making more and more profit?

No, I am not involved in CPO future because I have a lot of good plantation shares to buy.

China will surely stop buying our CPO when the Chinese can grow oil palms in China.

benson911, don't you think I have examined R Sawit before?

Charlie chia, why can't you see that Sumatec has been losing money in the last few years. Please read this article again carefully.

390465's sarcastic remark indicates that he is so stupid that he did not buy Jaya Tiasa when I recommended it at Rm 2.00 about 3 months ago. He should buy it now at Rm 2.75, otherwise your friends will call you stupid.

Sorry I made a small mistake in my above comment . The average CPO price for last year was Rm 2,250 per ton and not Rm 2,500 per ton.

As I said many a time that to be able to make more money than ordinary investors, you must buy plantation shares as soon as read my recent posting on "Palm Oil Price Trend". The average cpo price for last year was about Rm 2,500 and all the experts say that it will be Rm 3,000 by year end. It is currently at Rm 2,850 per ton. Assuming that the average price for this year is Rm 2.850, the additional profit will be Rm 600 per ton and this additional profit requires no additional effort, just pure profit for doing nothing.

You don't have to be a genius to know what shares to buy to be sure of making profit. Moreover, due to the long depressed cpo price, most plantation shares are also being depressed.

80% of my investment are on planation shares and I am very sure plantation companies will make more profit this year than last year and most of them will continue to make increasing more profit next year.

Fear is the biggest obstacle to success. In fact most professional fund managers and highly educated professional cannot out perform the market index because they are trained to look out for possible or imaginary danger. When Businessmen look at a proposal, first they consider how much profit can they make. That is why Tan Sri Yeoh Tiong Lay of YTL and Tan Sri Lim Goh Tong of Genting who do not have tertiary education, are so successful. Their companies employs hundreds of professionals to work for them.

Pah Lah uses the right analogy of hitting a nail with the right tool. If you do not know how to use the hammer, you must learn how to use it. You cannot continue to use your bare hand to hit the nail. To be save use only half of the allowable margin and buy shares that have profit growth more than 4.6% per year which should be easy to find.

haikeyila, obviously you did not buy JT at Rm 2.10 otherwise you would laughing all the way to your bank. Perhaps you should change your attitude so that you can start to make money from the stock market. Being a skeptic, a person habitually doubts generally accepted beliefs, will only make you poor. Open your eyes and be willing to learn.

Although I am not a politician, I am invited to talk at 9.30 PM on 15th March at the Kajang by election caramah. Please come to show your support.

Many readers asked when should they sell? Many people who have bought Jaya Tiasa, Mudajaya or Kulim , must be careful not to sell too early. With the CPO price on a sustainable up trend, all plantation companies will continue to make increasingly more profit. Now you must read my article "Why clever investors make big money mistake" which I posted a few weeks ago.

The whole business of producing electricity as an Independent Power Producer (IPP) to sell to the State Government involves several parties. Let me try to explain. The first party is the buyer of electricity and in this case is the state-owned Chhattisgarh State Power Holding Company. They buy the electricity from the IPP at an agreed tariff based on the coal and other cost with guaranteed profit for 25 years. The electricity supply is measurement at the power station and IPP must be paid on the basis of "take it or leave it". The consortium of banks are prepared to finance the whole project based on the power purchase agreement duly signed by State Power Holding Company and the Banks must make sure that the whole business must by profitable for the IPP other wise the Banks would not recover their money.

The State Power company sells the electricity to all the local consumers and in this case they also sell their surplus electricity to other states.

The electricity is transported through transmission line which is own by another company called the Power Grid Corporation which provides grid connectivity to power projects based in the state. In this case there are many IPP using the transmission network. Obviously the final tariff to the consumers would include the cost from both the State Power Holding company and the Power Grid Corporation.

The article as pointed out by Alphabeta regarding shortage of power transmission line to carry electricity to other states does not really affect the Mudajaya and its partner as IPP. IPP cannot be involved in the transmission line business because of the difficulty of protecting thousand kilo meters of the power line and the theft of electricity.

As an example, YTL does not own the power transmission line in Malaysia and YTL does not care if there is not enough of transmission line to carry electricity to Penang or to Johore.

I hope you have a better idea of Mudajaya's IPP business.

chunghiung, if you write to me koonyewyin@gmail.com and give me your postal address, I may be able to send you a copy.

WOH!A big fund is now buying Jaya Tiasa very aggressively. Now they can see the future profit growth potential. It is now trading Rm 2.61

Chunghiung, you really want me to tell you where to buy the book? When and where did you buy the last book?

alphabeta, As I said I am a businessman, I do know how to calculate all those figures which worry you as a professional accountant or fund manager. All I know is that the consortium of banks must make sure that the whole business of selling electricity to the Indian Government for 25 years must be profitable to Mudajaya and his partners. Otherwise every body including the banks will go bankrupt and all the Indian people will suffer without electricity. I will also lose my pants by owning so much of Mudajaya and all the poor students who expects to receive my scholarships will also suffer.

I did not bother to ask why Ng Ying Loong sold some Mudajaya shares because the amount he sold is so small. He owns 24.49% of the total issued shares of 543.2 million. He probably needs money to buy a new Mercedes or a holiday home in Switzerland.

WOH! After so much of ridicule from Optimus1, he finally is beginning to like me. As I said my intention is noble and altruistic. I just want to teach you how to make money from the stock market and also how to live a happy life. I believe I have some special knowledge which can benefit many people who care to learn.

As you know, I have written more than 10 article and read more than 1,000 commentaries since I started on this forum about 2 months ago. I have never worked so hard in my life. My wife says that it is unethical to tell people what shares you own. If they follow your advice and they lose money, they will blame you. At my age, I am not afraid as long as my intention is noble and I believe I can help people to make more money.

Optimus1, you make me happy, ha! ha! ha! and I am beginning to like you,

Although I do not know technical analysis, I can appreciate its usefulness. It can help you to decide buy, hold or sell.

I think you are just like me, not a professional.

Icon8888, if you know technical analysis, you can use it to guide your move after you have identified a fundamentally good share. That is the best combination. Together with the advantage of margin finance, you will be laughing frequently to your bank.

You cannot do this method if you have a full time job, working for some body. I think you are not a professional. You are just like me.

If you are holding on a full time job, the best way is to buy fundamentally good shares and hold.

ktboo, I do not know KSL well enough to advise you. You have to read my article to understand and check if KSL has the most important quality of making increasingly more profit in the next few years.

Johnny, I am sorry to admit my mistake. What is reported in the Star biz should be correct.

Alphabeta, yes Coastal was one of larger investment holdings a few years ago. I sold when the price shot through the roof and since then I have not been following its progress. I understand it is doing very well. Best wishes to you.

Icon8888, when stock market crash in 1997/8 or in the previous one, most small players will naturally get hurt. But rich people with a lot of surplus collateral, they could take advantage to buy more shares at cheap sale.

In 1983/4 when China wanted to take back Hong Kong, the stock market crashed. All my friends told me that I was crazy to buy HK shares when the communists would soon nationalize all HK assets. I made so much money that I eventually bought 46% of a stock broking company in H.K.

Icon8888, since I started posting articles on this forum about 2 months ago, I have never worked so hard ever since I retired as Director of IJM Corp 16 years ago when I reached the age of 65 years. I must say I always enjoyed writing and teaching people how to make money from the stock market. That is what I know best.

As you know, one of my investment philosophy is to think like a businessman who is always fearless, always look at how to take advantage of any situation to make more money. I want to encourage people to have the guts to invest if you have found a good stock. Don't be afraid. As I said fear is often the biggest obstacle to success.

Bearing that in mind, I should not write about the 1997/8 financial crisis and market crash just to frighten people unnecessarily.