Mr. Koon retired from Mudajaya in 1985. He went into stock picking right after his operation in England. He made a big kill when the news that Hong Kong will be reverted to China broke out. He bought a lot of shares at 70 to 80% discount when many foreign funds were leaving HK market immediately upon the news was announced. Mr. Koon even took over a stockbroking house in HK at that time. He made even more after Tiannamen Square incident.
He has a very good friend, Dato Yap Lin Sen who invests along with him.
His losses in Xingquan, JTiasa, R. Sawit and Mudajaya are small beers compared to the amount they made through Coastal, Supermax, TDM, Sarawak Oil Palm and a few other counters.
I read a comment once in this blog that KYY are market movers and has wealth of up to RM500,000,000. I must say that commentator has probably based his comment on factual analysis.
Maybe this might have escape your memory. KYY once pledged RM30,000,000 to MCA for UTAR foundation. However, MCA turned down the offer as KYY came up with a few proposals which MCA could not accept. RM30,000,000 donation coming from him equals to the amount loss in Xingquan?
Nonetheless I must say that KYY maintains close communication with Dato Wu and he is pressing them hard for dividends. All shareholders of Xingquan must attend the AGM on 29/12/2014 and vent your frustrations on Xingquan for failure to produce dividends.
Dividend, it seems that somebody closed to kyy is still watching i3.I must say kyy is a very lucky investor who really benefited a lot from the hong Kong market during the sharp plunged in 1986/87.
What if I talk good abt it without owning it?can I save my ass??then I believe xinquan cash is real.....they have cash rm1.50++ n may privatise it at rm1.50.....buy buy buy before its too late
Just buy 100 units on Monday then can attend the AGM...can see Mr.Koon and his families to screw China Richhman (or to be screwed by China Richman again, despite are being screwed by him for years....), somemore may get free shoes as door gift. Last not not least, dont forget to bring plastic bags to taupau your dinner and supper...I heard their curry puff and fried beehun next year.This is the only way you can outsmart on the Boss....
ct888 Dec 6, 2014 11:44 AM | Report Abuse The cash holdings alone make up more than half of Xinquan assets and is way way above its current price @ 41cts. So by just checking this item alone, just this one item is enough for all shareholders to continue to support this counter. Is a very small price to boost up the image of Xinquan and its value
+++although you have voiced strong and positive comments for Xinquan, yet you cut loss and exit, sigh
ct888 Dec 6, 2014 07:40 AM | Report Abuse And Kyy will continue buy back because it is still around 40 cts. So don be fooled to sell to the big sharks. They are buying back now!!
+++and you sold to big shark at <0.38, what a joke from what you have said
wang sdh withdrawn keluar, tak cukup bagi dividend
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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....
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Posted by talkrealreal > 2014-12-12 19:47 | Report Abuse
He is an old man now, it is prudent to put those shares under nominees service providers, no worry of probate and things like that