YES! DR NEOH SOON KEAN IS THE LOW PROFILE SUPER RICH INVESTOR - THE BENJAMIN GRAHAM OF MALAYSIA.
My Johor Sifu is a very diligent disciple of Dr Neoh. He said that if he had followed Dr Neoh much earlier he would have made many more millions.
In any case he Made Rm1.5 Millions from Ajiya alone at average cost of 50 cents. He sold all over Rm4.20. He had 400,000 shares of Ajiya. A Check with Ajiya Top 30 shareholders reveal that Dr Neoh at no 18 with 610,000 Ajiya shares under the name of Neoh Choo Ee & Co.
One of Dr Neoh's highlights was the presence of syndicates in Malaysia Market
Dr Neoh's priceless book "STOCK MARKET INVESTMENT IN MALAYSIA AND SINGAPORE" is now in front of me as I quote from pp 19
"It was as if Jaws 1 had been killed and it was safe to go dipping in the water again, Jaws 11 and 111 reared their ugly heads"
I am amazed that even now I keep seeing Jaws 4, 5, 6 & more in KLSE.
So many kena eaten by Jaws like Megan Media, Transmile & Patimas. And now the Show still on is hubline, hibiscus, XOX & many others still to come. In Dr. Neoh's words they are like lambs led to the slaughter batches by batches.
I called Dr Neoh's office years back and asked for a reprint of his book.
They replied that things have changed and some contents are no longer relevant now. So I am still waiting for Dr Neoh's latest update on his book.
I have benefited tremendously from Dr Neoh's writings and for that I am So Grateful
It is good to read good people write about good people. Read Dr. Neoh Soon Kean and loads of others when I took my traders licence many many moons ago. Got my licence but didn't have $$$$$ to switch. Enjoy reading the tonnes of "advice" in the various buddy forums and blogs and the syndicates "pluck from the sky" target prices. Many blogs and buddy forums have degenerate to "ego forums" To stay rewarded in the market I have this on the cover of my diary"LISTEN TO YOURSELF". Was fortunate to benefit from a buddy forum of Viz Branz (SGX) a few years ago. Most shareholders of this fine company rode into the sunset together with bags of loot (profit), For a few, enough to retire, but only for a short while before the bug bit again. That's my short story. Please share yours. Cheers
One of the first book i bought on the stock market was by Dr Neoh, a book which I have preciously kept till this day. It was a well written book and imparted many important investing principles. I am a great fan of his and its amazing that he recognizes the changing environment and in the process, his thoughts evolves with the change which is very admirable. Many many many years ago, I emailed him on the relevancy of some his contents and he very sincerely and honestly replied that some of them are no longer applicable due to the changed environment. His writings shaped a lot of my investment strategies.
KC, thank you for featuring Dr Neoh.
calvintaneng, yes, the Jaws quote is one of my favourite and is always at the back of my head.
Posted by ProfitMan > Dec 21, 2015 01:30 PM | Report Abuse One of the first book i bought on the stock market was by Dr Neoh, a book which I have preciously kept till this day. It was a well written book and imparted many important investing principles. I am a great fan of his and its amazing that he recognizes the changing environment and in the process, his thoughts evolves with the change which is very admirable. Many many many years ago, I emailed him on the relevancy of some his contents and he very sincerely and honestly replied that some of them are no longer applicable due to the changed environment. His writings shaped a lot of my investment strategies.
Most of Dr. Neoh's principles still are relevant in today's environment. Just that one has to have independent thinking. For example his use of the Graham earnings formula using
V = EPS*(8.5+2*g)* 4.4/Y
A 5% and a 15% growth rate makes hell of a difference for the value of the stock. Hence I only use it to check if a hot stock is selling at a reasonable price, rather than using it to value a stock.
Another example is the use of dividend yield. i always check if a high dividend stock can sustain by checking its balance sheet and the stability of earnings and cash flows. Paying dividend from additional borrowings, rather than from free cash flows, is a no no for me.
this chap used to have an investment column in the old malay mail. old timers tell me his performance was nothing to shout about. but i agree with him. dividends is the key determinant in stock selection.
That was also the first book I read way back in the 1980s. It is more about fundamental analysis. Those days they are no internet. And it is hard for the man in the street to have the advantage of looking at charts n doing technical analysis. Everything moves at a slow pace.
These days charts are easily available n would be an advantage to know technical analysis. Due to internet, prices, news travel at the speed of light. Just fundamental analysis is not enough.
Dr Neoh himself have acknowledge times have changed. Making money is harder now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....