Yesterday, KYY in his blog said that Malaysian stockmarket will crash bcos Dow Jones fell more than 700 points. Dow Jones index has subsequently rebounded and Malaysian stockmarket did not crash. Now KYY has removed his blog post. If Malaysian stockmarket had crashed he would have jumped with joy. This old fox has a black heart.
I just I rang Leon Fuat tel. 03-33753333 and Hiap Teck tel. 03-337788888. Both these companies are closed. Last week, I also did the same and found that both these companies were closed. You can ring up to verify what I said. If they are closed for so long, they cannot report increased profit in the next few quarters. Even if they can produce steel and steel products, construction companies do not need them because all their construction works have stopped. Just open your eyes you can see there are so many construction works are in a stand still. I just rang Dennis Tan, Secretary General of Master Builders Association, Malaysia to confirm what I just said. You can call tel 6019-3316282 to verify what I just said. Among all the stock selection criteria such as NTA, cashflow, dividend yield, debts or healthy balance sheet, the most powerful catalyst to push up share price is profit growth prospect. All the steel companies do not have profit growth prospect. Investors must not buy any steel stock which does not have profit growth prospect because when it reports reduced profit many smart investors will rush to sell their holdings. As all investors know that all steel companies have reported increased profit for the last quarter ending March 2021 and they are selling at PE 2. They are undervalued based on their previous profit. Unfortunately, many less informed investors are buying them based on their previous quarterly profit. They are undervalued and look very cheap but they will remain cheap until they can report increased profit. Investors should wait to see their next quarter result which will be announced before end of August. Patience is the key for successful investment. Koon Yew Yin
Dow Jones rose sharply last night...... disappointing KYY who predicted our market to crash of the Dow falls......serves the old fox right. He used to say " the reason I write this and that is so that investors don't lose money in the stockmarket, etc"...... now we all know he has the opposite objective.
Haha, Leonfb now is 99sen which i managed to sell some to take profit. My ave price is about 90 sen, thanks to KYY selling which pressed down the price. Like i said, KYY will need to buy back above RM 1 soon...
Steel stocks listed in China went up a lot today. Please be patience to wait for our turn in KLSE. All steel stocks will perform very well in the next 2 years. Thank you.
Haha, Insas last 2 quarter EPS=22.92. Cash rich, NTA: RM 2.96 and holding 545,503,575 Inari shares as one of the associate company. Share price 89 cents
A man's ego is a very funny thing, to think that when you are old enough we should be more sane than let our Ego rule our head, just read his blog that of all steel stock especially HT and LF will tank Is he not out to attack this 2 stock to prove his ego By his own admission earlier when he promote the stock, is he able to predict the next few quarter, I beg to differ
To be honest, I'm one of the novice that listen to his advice to buy this share and the argument presented was very logical and after buying in at 98cts the next day or so I read with this bewilderment that he is advising people to sell, so is this a super investor or is he not and can this so call super investor really see what is going to happen in the next few quarter if he cannot even see it in the past few weeks
I'm holding on base on OTB fact that steel prices will make a paradigm change and will disregard the noise created by the so call super investor
hahahahah, the boss wont di e ......see how much his earn 1 million plus plus , excluding dividend only ikan bilis di e , even this company is so stingy
If industry research house ihsmarkit.com forecasts steel prices to drop sharply in Q3 and Q4 2021, how can share prices of steel companies go up further ?
More and more funds buy steel stocks. Good earning steel counters are normally with high percentage in export business esp high steel demand from China.
Leonfb revenue were increased for 4 consecutive quarters. I do believe its latest revenue will increase this time. In comparison to the other steel counters, most steel counters revenue is at least drop for 1 quarters over latest 4 quarters. If this logic is correct, Leonfb latest financial result will be fantastic since steel profit margin is still maintaining at good level.
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....
007007
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Posted by 007007 > 2021-07-21 20:54 | Report Abuse
Yesterday, KYY in his blog said that Malaysian stockmarket will crash bcos Dow Jones fell more than 700 points. Dow Jones index has subsequently rebounded and Malaysian stockmarket did not crash.
Now KYY has removed his blog post.
If Malaysian stockmarket had crashed he would have jumped with joy.
This old fox has a black heart.