Hengyuan Reminds Me of Supermax - Koon Yew Yin Author: Koon Yew Yin | Publish date: Mon, 18 Dec 2017, 10:46 PM
As you know, I have posted a few articles to recommend readers to buy Hengyuan which you can find in my blog.
Today it went up Rm 1.06 and many of my followers wanted to know what they should do. Should they sell and laugh all the way to their bank?
This situation reminds me of Supermax in 2010 during the HINI fever epidemic. I also recommended people to buy while I accumulated so many shares that I became the 2nd largest shareholder. As shown on the price chart, it went up from Rm 1.20 to above Rm 6.00 within 12 months.
The above chart shows that the price has gone up more than 400% within 12 months. From my long experience and observation, I notice that if 3 persons bought the same share and at the same time, each of them will get different result.
A day trader would be very happy to sell if he got 100% profit.
A short-term investor would likely sell if the price went up 200%. In fact, many weak holders would sell especially during a temporary price correction.
Only serious investors will not sell and super investors would dare to buy some more.
My remisier from Maybank Investment Bank, Ipoh can confirm that my wife and I bought 230,000 shares today. I strongly believe it is still very cheap in terms of P/E ratio. I cannot find another share with such good quality selling at such low P/E ratio.
Can you recommend me one with such good quality selling below P/E 5 ?
If ppl does not buy in anticipation of future profits, then why are investors buying shares ? It is that "hope" springs eternally in all humans. That is what drive the markets. Who wants to buy in anticipation of future losses ?
Isn't successful investment about predicting the future correctly with the information and tips that you gather? If you predict the future wrong (like many on glove counters) then you go Holland, its that simple.
Investor A predicts Top glove earning to peak in 2023, he goes to Holland holding Investor B predicts Top glove earning to peak in 2021, he cut win or loss early, and he doesn't go to Holland.
Malaysia share market just 20 percent counter invest;80 percent counter is Gamble ! Malaysia share market no long term invest.....when had more profit better sold.....n don;t listen n follow too much Economist,Share Analyst said..buy n sell;you will very Dissappointment n lost more money.
stay away from his recommendation..it is a sign to let go...still holding Tomei ar Uncle? maybe that is the motto rhymes...never buy stocks for anticipation of future profit (means buy to lose??). Tomei flattish only since July how ar..buy Crypto also can go makan angin makan besar liao if talking about long term.
Uncle KYY... what you said what you bought does not jive ? I know you have heavy position on AYS [ you said so], so it is logical for you to promote AYS. However your arguement got to make sense. The comparison is flawed.
The industry with the best profit margin today is Oil Palm companies. I'm sure this Geezer is still in slumber promoting his stock without realising that the construction business is not thriving due to Covid-19 and AYS is a steel supplier.
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....