My wrong assessment of Gadang - Koon Yew Yin Author: Koon Yew Yin | Publish date: Sun, 6 Nov 2016, 10:38 AM
6th Nov 2016 After careful consideration, I must admit my mistake in giving you the wrong opinion of Gadang. I have requested the Administrator of i3investor.com to withdraw my article under the title “My Opinion of Gadang after the AGM & EGM” which was published yesterday.
----......--....------ Pussycat: why kyy skejap sokong Gadang, skejap tak sokong Gadang? Your guess is as good as mine. kikiki kikiki
@RU make a comment in my blog lately. He/She heard the youtube clip correctly. Actually, the entire clip was referring to GKent NOT Gadang.
If we listen carefully, at the initial part of the clip, Fong Siling ended his statement on Gadang, and immediately talk about GKent as an example. It make sense after listening to it carefully as he was talking about the ex-price of the share is about RM3.50, presently traded about RM2.70 to RM2.80. He also emphasise he is not asking the audience to buy because it is fully valued.
This is just a clarification. However, there are some readers commented that they did heard Fong Siling said that he sold Gadang shares at RM3.00.
Frankly, all this news to me is irrelevant as I have intention to hold Gadang 2-3 years down the road. I am unlike some investors/speculators who only look at current quarter or believe that the coming year profit cannot outperform previous FYE. My investment is longer. And I am not competing with anyone for MO#1 in investing. I always believe, a good investor must be able to make INDEPENDENT investing decision. Others advice can always be used as reference, and do your own INDEPENDENT research (It is not easy, trust me, you have to talk to the CFO, IR, people in those industry, even sometime verify the JV partners, the capability of JV partners, collectability of debts, all involved judgement, not just hearsay)
Happy investing for investors, and happy trading for traders.
I'm kind of doubtful on Kyy latest post, when he said his misconception, then end the article with he will be adding more shares... is the latest post sarcasm to be a contra?
@newbie92, I just came up to clarify my blog info is inaccurate relating to the youtube. The clip is about GKent (ex-bonus price etc). What FS or KYY said, I do listen, and double checked my original basis (as stated in the blog). I believe, Gadang has not reached "fully valued" yet, imho. I will not, more so, I cannot explain the sell down this morning, but I was told, the first 30 minutes of the trading day is for "traders".
So, newbie92, you must know your horizon period, for a start, then, evaluate rationally based on facts and figures whether the company (structure) or biz model is negatively effected (the company) not what other investors said. Then, recalculated your evaluation and confirm what is the estimated "fully valued" of this shares. Then make a FIRM INDEPENDENT DECISION. A lot of people normally is 50;50, so you must know your own strategy.
Your strategy may be different if you hold 5m shares (bought at RM1.00) vs 5,000 shares (bought at RM2.50). If the 5 million shares represent your entire network, I would sell say 1m or 2m if it has gained 200% or more. So, the remaining shares, i.e. 3 m shares is FREE. Then, my margin of safety is 100%. Why not? I think it is rationale and conservative.
Sigh...so many ppl follow blindly to kyy or coldeye here....they really can cause quite some problem, I think it would be best if they don't recommend/ comment on any company at all..the fundamental analysis of the company is still good, and it has a good management team, the company still got a lot of chance to secure more project, so why worry so much?
Price has gone up from 2 to more than 3 without having won any project or launched any new property sales, why everyone so excited when the revenue & profits in the accounts were those existing constuction & property projects?
it's still fully valued...the reason you can't see it is bcos you haven't done enough homework........book order running out, and currently on 10 years to double the intrinsic value, fair to sell at this price.
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....
pussycats
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Posted by pussycats > 2016-11-07 07:37 | Report Abuse
My wrong assessment of Gadang - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Sun, 6 Nov 2016, 10:38 AM
6th Nov 2016
After careful consideration, I must admit my mistake in giving you the wrong opinion of Gadang. I have requested the Administrator of i3investor.com to withdraw my article under the title “My Opinion of Gadang after the AGM & EGM” which was published yesterday.
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Pussycat: why kyy skejap sokong Gadang, skejap tak sokong Gadang? Your guess is as good as mine. kikiki kikiki