Icon8888, thank you for your opinion on Kulim.

thumxj, please look at Business Time on Mudajaya which I just posted

pputeh, You can get margin finance at base lending rate minus 2% and without turnover fees from CIMB, RHB, Kenanga, Maybank and Public Bank. I have margin finance from all these financial institutions.

Icon8888, please write to me koonyewyin@gmail.com about your finding in Kulim 2012 annual report. I wish to know your opinion.

Ayam Tua, after I said that Hexza's eps was 2 sens in 2003 and 2 sens in 2013 and the average eps for the last 10 years is about 4 sens, you still said that it complies with Benjamin Graham's fundamental criteria in share selection. If you have kept it in the last 10 years how much is your profit? There is no share price appreciation and the dividend can hardly cover interest charges and inflation. I trust Ayam Tua know what to do for himself.

3happy, please read my article carefully and apply the knowledge to check on the stock Tiong Nam. Why did you buy it? Does it have the most important quality of making increasing more profit?

Icon8888, I know you are quite different from other commentators because you not only understand my writing, you take the trouble to explain what I tried to say.

The whole point is to find companies that can make increasingly more profit this year and in the next few years. Of course there is some risk that the chosen company may not make so much of profit, but if you buy them when ordinary investors including fund managers do not want them, your risk of losing money is minimum.

For example, I am slowly collecting Kulim when all ordinary investors and fund managers are selling in view of its poor result. It is on cheap sale!!The reasons why I am buying are:

1. I expect all plantation companies will make much more profit this year than last year and will continue to make increasing more profit in the next few years because of the CPO price uptrend which is sustainable.

2. Kulim small lost due to accounting policy is like a little scratch. Don't let that worry you. As I said before, fear is often the biggest obstacle to success.

3 Kulim is one of the largest plantation companies. It has sold all its other non core businesses and is concentrating on the most profitable plantation business. Remember its palms continue to produce more fruits and its large land bank continues to appreciate in value while its share price cannot continue to sell on cheap sale.

4. This reminds me when the cop price was going up to over Rm 4,000 per ton Kulim share price was coming down in 2007/8. I bought Kulim warrant at 50 sens. I was the largest holder. I sold all my warrants when it went over Rm 10.00. Although it sounds so boastful, my remisier in TA Securities, Ipoh can vouch for it.

Hope you understand the lesson better with Kulim as an example.

Yong Chian Haw, I have been collecting Kulim patiently whenever its price drops to around its year low. Now I see Kulim will continue to drop because of its bad result and I will collect patiently. My reasons are:

1. The plantation business is beginning to be very profitable because the CPO price up trend is sustainable for the next few years.

2. The small reported loss due to some accounting policy, does not worry me because it is so small in comparison of its net worth.

3. Kulim is one of the largest plantation company and I have made a lot of money when Kulim's warrant went from 50 sens to above Rm 10.00 in 2008 as the CPO price shot over Rm 4,000 per ton.

4. As I said before, I buy Kulim when ordinary investors including fund managers are fearful to buy it. That is how I can buy it on cheap sale. I will sell it to them when they want to buy, may be within one year which will cost me 4.6% interest for margin finance. Do you think Kulim price will go up more than 4.6% in one year?

5. As I said before, fear is often the obstacle to success. Take some calculated risk if you want to be a super investor.

titus, as I said fair value depends on so many factors such as investors' perception, the general market sentiment, the history of the company and your personal financial position, your willingness to accept some risk etc.

Let us talk about P/E ratio. Why should Mudajaya be selling at a single digit P/E ratio while IJM Corporation, which I also founded with other partner, be selling at a much higher P/E ratio. Both the companies are in the type of business. You must remember P/E ratio is not a fixed rule. From the price chart, you can see Mudajaya has been on cheap sale in the last few years and the downside risk is minimum. That means it is unlikely to continue selling at this price range and to be able to make good profit you must anticipate its future profit from the much delayed IPP project in India.

As you said, you have not been very successful, then you must change your mindset. As I said before, fear is often the obstacle to success. Take some calculated risk.

Why should you worry about its reduction in its cash holding as long as they have not change the auditors. If you look at IJM you will see that it has hundreds of million ringgit borrowing. If you worry so much about small things, you cannot see the big picture.

I used to own a small amount of Evergreen a few years ago. When the company lost its profit growth potential, I sold all my holdings. I have not been following its progress.

You do not need to ask someone to advise you. All you need to do is the read my article carefully and understand what I said.

wt222, I thought you would be very angry with me after what I said about your rude remark. Just basing on your reaction, I believe you have a good future because you are willing to learn from your careless mistake of making that rude remark. My best wishes to you.

Icon8888, thank you for your intelligent comment. Yes, the whole process is to look ahead and anticipate good profit growth. When you sure buy it before the whole story is clear to the public, before the price is rerated. Let me quote what you said 'Essentially it comprises two steps (1) identify a stock that has potential to register quantum leap in earnings in few years time, thereby propelling valuation to a totally different level decisively, and (2) ask yourself the question "how realistic is my expectation of earnings growth ? Namely, how high is the probability that the earnings will indeed go to that higher level in few years time ? (Earnings visibility). What are the key drivers ? How resilient it is ? Can it survive the test of time to reach that higher profit level ?"

Getting the above two correct will help to make $ in the market loh (so far this is also my real life experience)

Johnny cash, when you said that you have bought Mudajaya at Rm 1.50, it means that you bought it about 4 years ago as shown on its price chart. Since then the price went up and it has been trading at an average price of about Rm 2.70. If you did not sell and took profit, you should not sell now. Please look at my previous article namely "Mudajaya's Wild Card"

As I said at my opening statement, I am not a professional and it not possible for me to know so many shares to be able to give advice or express an opinion. Nevertheless, I must tell you that you have to look at each of your holdings to see if they have the essential quality of good profit growth. That is the lesson of this article.

I have a quick look at Mitrajaya and Ancom, I have to tell you that both of them do not have the quality of good profit growth prospect. Mitra's eps was 10.9 sen in 2011 and 4.6 in 2012 and unless you are sure that 2013's profit is better, the share price will not go up.

Ancon's eps lost money every year in the last 3 years. Why did you buy it?

Ayam Tua, I cannot understand why you bought Hexza. In 2003 its eps was 2.2 sens and in 2013 its eps was also 2.2 sens. Its average eps in the last 10 years is about 4 sens. As a result the highest price in the last 10 years was 72 sens. Why are you still keeping it.

If I am not mistaken, you recommended Hexza before.

wt222, I have just sent another lesson to be posted. It is time you must look at your track record of your past performance. Basing on your rude remark, I can only conclude that you are a poor gas bag and you have not been successful.

Johnny, I have just sent another piece for posting. It is a lesson based on my experience which should be useful to all investors. I do not pick stocks based on P/E and NTA.

Johnny cash, I am sorry that I cannot tell you what is the fair value which depends on so many factors. All I can tell you is that basing on the price chart, the downside risk is minimum and basing on the cost of the project the profit must be quite substantial. Imagine the power plant burns about one billion rinnggit of coal per year.

You must bear in mind that this profit is sustainable for 25 years and the consortium of Banks will ensure the concessionaire will continue to make profit otherwise they will lose their capital.

WOH! 363 commentaries within 2 days of the posting of my article!! I am happy that my article has generated a lot of discussion. It may seem the whole picture is milky, but eventually people will see the truth.

If you like me to write another piece on how to make money from the stock market, I like you to say so now.

WAH! already 344 commentaries. I think we should stop arguing on this subject. Eventually no one can win an argument.

WE must use our common sense to judge what is the best for all Malaysians and Malaysia- how can we catch up with our neighbours to become a developed nation.

I have just posted another piece "B N Government's Eduction Disaster". I am sure you all have a lot to comment. Happy reading, Koon Yew Yin

Wah! 272 commentaries within 24 hours of my publication of my article. I must thank you for making such great effort to discuss and argue on this topic which is affecting all of us. Now I hope you all will use your common sense to decide what will be good for all Malaysians and our country. The BN Government has been ruling the country since independence 1957, we must ask how much we have achieved in comparison with our neighbours.

In 1970 when the NEP- new economic policy was introduced, our GDP was about the same as Singapore, Taiwan, Hong Kong and South Korea. Now they are 4 time, 3 times, 4 times, and 2.5 times respectively our GDP despite of the fact that they all do not have the natural resources, like fossil fuel, rubber, tin palm oil etc. It is time we must do some thing???

Read my book which is available in the book shop. Malaysia: A Road Map for Achieving Vision 2020.

Wah! I see 198 commentaries since my article was posted at about 4 Pm yesterday. I refer to napeace remark that I am not different from Dr Mahathir. That is not true. Unfortunately, my criticism of Dr. Mahathir would appear that I am also a racist. But you can see where I am leading you and where Dr Mahathir is leading you.

You can see from my opening statement " Every few days or so, Dr. Mahathir Mohamad, our former Prime Minister, comes out with a new story lamenting the loss of Malay and Muslim power and complaining how it is in fact the non-Malays or non-Muslims who are the ones that are really running the country. There are many variants of this argument that he comes out with, such as that the DAP is running the show in Pakatan; or that PKR and PAS leaders have sold out to the DAP; or that the Christians have an ulterior motive in raising the Allah issue, and are to be blamed for the rise in tension and resentment in the country."

All the readers can see where Dr Mahathir will lead us if he does not stop lamenting the loss of Malay power. In fact, if we want to go by racial perception, it would appear to everyone that Malays dominate in every sphere of life in the country.

They form the majority in parliament, judiciary, army and police, the MACC and all other important political bodies. In the socio-economic and educational sphere, they control all the major banks except for Public Bank; the GLCs; Petronas; public universities; civil service; etc.
Any Chinese or orang putih wanting to do business has to kowtow to the Malays for licences and permits. Moreover, Malay businesses control some of the monopoly businesses such as water, electricity, toll roads, etc. where it is so easy for them to make more profits by just increasing the price abetted by a Malay-oriented civil service.
Even the richest and most powerful Chinese and Indians such as Robert Kuok, Ananda Krishna, Tony Fernandez, Vincent Tan and others are completely at the mercy of the Malays if they want to do business in Malaysia

Who are the real masters?

Remember, If we want to go by racial perception, it would appear to everyone that Malays dominate in every sphere of life in the country.
They form the majority in parliament, judiciary, army and police, the MACC and all other important political bodies. In the socio-economic and educational sphere, they control all the major banks except for Public Bank; the GLCs; Petronas; public universities; civil service; etc.
Any Chinese or orang putih wanting to do business has to kowtow to the Malays for licences and permits. Moreover, Malay businesses control some of the monopoly businesses such as water, electricity, toll roads, etc. where it is so easy for them to make more profits by just increasing the price abetted by a Malay-oriented civil service.

Even the richest and most powerful Chinese and Indians such as Robert Kuok, Ananda Krishna, Tony Fernandez, Vincent Tan and others are completely at the mercy of the Malays if they want to do business in Malaysia

Seek, as much as I hate to argue with you, I have to point out that it is far better to work and stay in Malaysia than in Singapore, UK, Australia etc. Just look at the owners of all the most expensive houses in KL, Penang, Ipoh etc. Almost all the Malaysians who migrated to foreign countries are struggling to make ends meet because the professional eg engineers are getting less pay than the plumbers and they have to work and pay taxes so that the Government can support those unemployed.

Almost all the top executives in Malaysian public listed companies, except GLC are Chinese. How many Malaysians are in top executive positions in UK, Australia etc? Can you name one?

Moreover, it is easier to become a multi millionaire in Malaysia than in UK, Australia etc.

Darren123, please read my opening statement quote" All students, irrespective of race and religion who have secured a place to study for the foundation course in any of the public Universities in Malaysia, including UTAR, are eligible to apply for scholarships from Koon yew yin."

I have only one one Malay for obvious reason and a handful of Indians for a good reason. There are very few Indian family earning less than Rm 3,000 per month.

Imenwe, yes you are right. the 2 clever graduates should be 3rd standing and 3rd sitting from the left. Thanks for pointing out my mistake.

Out of 88 commentaries, Up_down made 25. I think you are the same person or have the same level of intelligence as optimus 1,7 or 8. Please stop making a fool of yourself by exposing your stupidity. You accused me of buying JT continuously to push up the price.

As you can see the daily turnover for Jaya Tiasa is so much, I cannot be keep buying to push the price up from Rm 2.04 from start of 2014 to around Rm 2.50, an increase of more than 20% within 2 months. Many long term investors, are beginning to see the good profit growth prospect. Of course the current poor earning would discourage short tern players. As I said to be able to make more money than ordinary investors, you must have good foresight and guts to buy for long term, like any successful businessman.

As I said historical record cannot lie. That includes you own track record in making money from the stock market. If you have not been very successful, you must change your attitude or mindset, especially the above commentators who seem to know a lot about Jaya Tiasa.

While you are still finding excuses not to buy JT, it has already gone up from Rm 2.04 from beginning of 2014 to close at Rm 2.54 today, an increase of 50 sens equivalent to about 25%.

The biggest obstacle to success is attitude.

mc121534, Business and politics are inseparable. That is why the famous London School of Economics has degree courses in economics and political science. Proton and MAS are useful lessons for any investor. A really successful investors must have a wide knowledge including politics because the politicians often make rules that would affect businesses.

Why do you say that I should not write about Proton in this forum? Don't you see how Dr Mahathir, a politician who promoted Proton is affecting your pocket unless you or your family does not own or buy a car.

I know you are annoyed when you read this. Please ask your teacher or your friend to find out if I am right in criticising Proton and MAS in this forum.

Kitty28, please write to me directly koonyewyin@gmail.com so that I can advice you privately. If I write on this forum, there will be so many people giving you unsolicited advice and you will be more confused.

Kitty28, it is difficult to answer your question because it involves human psychology and your financial position. Supposing you have just discovered a really good share but it has already gone up 10 or 20%, would you still buy it? As you know no one can predict whether the share will go up or down in the near future. To buy or not to buy depends on your financial position and your appetite for venture.

Supposing after you have bought a good share, its price went down, what would you do? Would you sell, hold or buy some more?

Supposing after you have bought a good share, its price went up, what would you do? Would sell, hold or buy some more?

Christine, please write to me directly koonyewyin@gmail.com so that we can communicate outside this public forum. I believe I have the necessary experience in helping people and I genuinely want to see how I can help you.
Among the outstanding people I have helped are multi millionaires such as Lin Yun Ling, CEO of Gamuda, Ng Ying long, former CEO of Mudajaya, Fong Loong Tuck Dy Chairman of Glomac.

As you know I am not an economist or an accountant. I am just a businessman and as an entrepreneur, I look at the stock market or any business proposal optimistically. I am always bullish. I naturally want to find out how I can take advantage of the situation to make some profit.

In this case, after reading what the expert said, I believe what I read. Of course there will always be some disbelievers, some believers, some have no opinion of their own, some naïve people who would accept any thing, some opinionated people who would only believe in his or her own opinion and disagree with whatever he or she reads, and finally there some with shit in their heard who would radical every thing they read.

Thank you UMNO2KangKong for Anwar's speech on MAS vs SIA. All Taxpayers must click the above link and listen to Anwar's speech. I think I should consider sending my article to be published by other media.

By the way, Anwar's deputy Dr Lee Boon Chye will fetch me to talk in the Kajang by election next month and I need your support. Please optimus7 don't ridicule me when I talk in Kajang.

Christine, what business are you doing? What kind of business that requires your attention even on week ends? You seem to know so much about share investment, why don't you stop doing business and invest in shares?

In share investment you are not required to work on week ends, you will not have bad debts, you will have no management and tax problem problem. Moreover, you do not need to deal with people especially the hard nuts.

What is the use of being an armchair critic?

Christine Goh, I have read more than 500 commentaries, I must congratulate you for writing the best one. I would like to meet you and I hope you can attend my talk at 11am Sunday at Ipoh St John Ambulance Hall.

Aaron, one of the readers has collected some of my recent articles and put up a website for me free of charge. It is known as "koonyewyin.com". Readers who wish to read more of my writings can google this website or google my name, you will also see a large collection of articles and YouTube video.

I have also published a book called MALAYSIA: Road Map for Achieving Vision 2020 which was launched by Tengku Rezaleigh Hamzah who had also written the Foreword. The book was endorsed by Dato Ambiga Sreenevasan, Professor Glen Arnold, DR Azly Rahman and Profeesor James Chin.

Happy reading

Seminar at 11am tomorrow Sunday at Ipoh St John Ambulance Hall. You are invited to attend my talk on share investment. Write to me koonyewyin@gmail.com.

Seminar at 11am on 16th Feb Sunday at Ipoh St John Ambulance hall. I have rearranged the seating and now I have an additional 40 seats to offer to those who are interested. Please write to me especially those whom I have turned down.

Seminar at 11am on 16th Feb Sunday at Ipoh St John Ambulance hall. I have rearranged the seating, now I can offer another additional 40 seats, totalling 220 seats. Those who are interested can write to me, especially those whom I have turned down. koonyewyin@gmail.com.

Seminar at 11am on 16th Feb Sunday at Ipoh St John Ambulance hall. I have rearranged the seating, now I can offer another additional 40 seats, totalling 220 seats. Those who are interested can write to me, especially those whom I have turned down. koonyewyin@gmail.com.

Seminar at 11am on 16th Feb Sunday at Ipoh St John Ambulance hall. I have rearranged the seating, now I can offer another additional 40 seats, totalling 220 seats. Those who are interested can write to me, especially those whom I have turned down. koonyewyin@gmail.com.

I have rearranged the seating, now I can offer another additional 40 seats, totalling 220 seats. Those who are interested can write to me, especially those whom I have turned down. koonyewyin@gmail.com.

Remember Wilmar is not a charity organisation. Its agenda might be to depress CPO price so that their refineries can make more profit.

Please read my previous articles namely 'Fight the smear campaign against our palm oil industry' and ' They cut down their thousand year old trees and now say that we are wrong to cut our forest to plant oil palms'

If you read my article carefully, you will notice that I only made one statement which could mean that I believe the account is not cooked, but the rest of the article is merely the Chairman's explanation for not paying dividend. The only statement I made quote "One of the founders of the auditors S J Grant Thornton is my cousin, who is a chartered accountant and his son is the senior partner".

Like any serious investors, I also must made sure that the auditing company, the underwriter CIMB for the IPO and Mercury Securities Sdn. Bhd. who are recommending buy, are all trust worthy.

Can you believe the Chinese controlling shareholders could cook the books for the IPO and every year since IPO to deceive the auditors and the auditors and the few Malaysian directors could not detect?

AS I said Xinquan is my worst share investment in my life but I still have some hope. Share investment is always risky. Every smart investor has to balance the risk and reward whenever he decides to buy, sell or hold any share. In this case, I decide to hold and take the chance. In fact, I have given a large part of my holdings to my daughter and Grand Children.

Again I am not asking you to buy Xinquan and if you buy I am not responsible for your losses and I also do not want a share of profit.

Please look at http://klse.i3investor.com/blogs/cimbresearchklse/46361.jsp which is all about MUDAJAYA.

Mudajaya Group (AD, TP:RM3.10) - Reality check by CIMB
We remain upbeat on Mudajaya's longer-term prospects, though we were too bullish in our earlier profit estimates. Going by the delays in job flows from 2H13, we believe order book could continue to deplete in the medium term, but with possible green shoots in 2H14. We now expect the upcoming 4Q13 results to be weak. We cut FY13-15 EPS by 11-31% mainly to account for timing risks on job replenishment. Our target price drops, still set at a 40% discount to RNAV. EPS revisions do not alter the stock's appeal as a key proxy to domestic power plants and highways construction theme this year. We continue to expect power-plant and highway jobs as catalysts in 2014. The wild card remains the Indian IPP. Maintain our Add rating.

I want to accumulate Mudajaya when Fund Managers and people are fearful to buy it. Time will only tell who is right. I trust my own way to select stocks because my method has a long proven track record.

I will elaborate on this during the Seminar on Sunday

Regret that I have to inform you that I have accepted a total of 180 people and I do not have any more standing room to offer. Please stop writing to me. I must thank you all for the trust you have shown.

I wish to invite Up_down to my talk so that we can discuss because he seems very analytical and knowledgeable where as I just look at the broad picture.

I have to changed the venue to Ipoh St. John Ambulance hall which is opposite the Ipoh YMCA. The time 11am and date 16th Feb Sunday remain unchanged. All the 150 seats have been taken and I cannot accept any more new applicants.

Since there are so many people who wish to attend my talk, I have to change to a larger hall at Ipoh St. John Ambulance which is opposite Ipoh YMCA. The time 11am and date 16th Feb Sunday remain unchanged.

I have accepted 120 people to attend my talk. Since all the seats are taken, I have no more seats for new applicants. Thank you for showing your interest.