I hope uncle Kyy does not try or even dream to recover his RM 64 mil loss.You are ady 85 yo uncle.Time is running out.Spend your remaining time wisely.Market is against you now. Before 2018 even ah lian can sailang n win a merc but now 2019 is approaching.To quote a prominent future inmate of sungai buloh luxury resort " CASH IS KING ".
I hope the profit he made in 2015 still can cover for this big loss. This big loss can be avoided if he is not so arrogant to listen to his advisers. There are advisers told him not to touch Jaks, he refused to listen and insisted to proceed.
The profit made from Power plant construction is not real profit, it is just paper profit used to payback investment in Power plant. No physical cash taken out from this construction work.
Want to buy Jaks, wait until power plant is completed. Are you sure power plant can be completed in time ? Jaks is famous for not complete work in time in all Malaysian projects.
100 million capital invest in good dividend counter, easily can earn 4~5 million yearly... Uncle Koon can use the money to create a fund to collect dividend, every year easily can give more than 50 scholarships out for poor students... The fund keep rolling and help more people...
Uncle Koon, I can manage your money for free, and provide profit guarantee of 200%. That means if i lose RM10 i will pay you RM20 for your opportunity cost.
Thanks for the lesson learned shared by uncle KYY. I guess everyone who invest in stock also have their lesson learned. Cut loss is one of important lesson in stock investing.
Investing in stock is also like doing business as well. There is no 100% successful rate. But once one get the right stock, one just need to stick to it irregardless of what other people says. The truth will reveal itself once all the street news settle. Be positive and brave !!
To be a good trader,one must think of how one can exit ones posn even before buying a single stock.To me KYY does not qualify even as an average trader.
Jaks is a stock selected by KYY to goreng with him as the operator with intention to make big monies but it turnout a big failure due to poor stock fundamental and poor mkt condition.
LESSON LEARN ' U CANNOT CHEAT PEOPLE ALL THE TIME'
Good lesson for raider : You cannot fool people all the time. This rubbish of Hengyuan going to $42 and that you will be buying and holding forever ... what a dishonest person indeed.
How many time raider need to tell u at one time hengyuan really got the potential to go Rm 42.00 ??
It just that unfortunately the fundamental of hengyuan collapse mah, just like ur Padini loh...!!
If that happen, must lari kuat kuat loh...!!
Posted by 3iii > Dec 9, 2018 01:09 PM | Report Abuse
Good lesson for raider : You cannot fool people all the time. This rubbish of Hengyuan going to $42 and that you will be buying and holding forever ... what a dishonest person indeed.
From my calculations, KYY biggest lost is Xinquan. Most of us got fooled by Xinquan which allegedly had an audited net cash of more than one billion and fixed assets of the same amount with NTA over Rm2.
not he got fooled in xinquan, he deceived his ownself. First time kena tipu, with red flags shown, maybe can say is mistake but many times in same counter,
this actually happened to most ppl, is how should i say, when u lose a lot of money, u refused to believe, self denial, whatever decision will be bias.
Feng Tse Ling is like Warren Bufet, the boss of the company welcome him to buy and hold the company shares. But for KYY, most bosses hate him rather than welcome him, because he buy the share for short term and would dump it any time.
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MQ Trader 3214 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Alex™
12,593 posts
Posted by Alex™ > 2018-12-08 21:04 | Report Abuse
wah ah cat, if lose how?