As usual KYY is a sly old tricky bad fox. Believe only 10% things he said.

Hope you can understand why I always had no respect for this old fart. These are the exact same stuff he does all the times. Twisting half truths for his own benefit. But sadly... when the glove bull was hot, ppl chose to ride on his nonsense because what he insinuates benefits themselves ....

how about calling him as he is? A scumbag?

I am so ready for the RSS. Currently 70-80% cash, 20-30% equities, waiting for more opportunities to enter lower.
I am a cheapstake, will definitely appreciate if you guys can short any stocks until they are undervalued for entry.

Can try short gloves too, big money waiting to be made if trend continues, I will fight the trend when Topglov reaches below 2.

I only shorted index before, I have never short sell counters before, I dont know how and which counters can be shorted, but here's a possible profitable short selling list below
1. AA, AAX
2. gloves
3. all the pandemic related goreng pennies (e.g. gets, bintai, yongtai, notion)
4. steels that kena gorenged a damn lot (masteel up 50% a day, melewar up 70% a day, mycron up 50% a day)
5. downtrending counters (e.g. Tguan, GCB)
6. OnGs if OPEC decides to ramp up oil production
7. Maybe super high PE tech?

Update: I just check Steel tak ada dalam list  , 1 less opportunity for short sellers, here's the list, good luck and happy shorting
https://www.bursamalaysia.com/sites/5d809dc...nuary_2021_.pdf

Btw, if anyone is planning to short sell next Monday.
Please try GCB. Now already showing strong downtrend, easy money for you. Will greatly appreciate any short sellers if can short until below RM2.

Eh bro you looking to enter GCB also huh? Tag me ya when the correct time comes haha

Hope you can understand why I always had no respect for this old fart. These are the exact same stuff he does all the times. Twisting half truths for his own benefit. But sadly... when the glove bull was hot, ppl chose to ride on his nonsense because what he insinuates benefits themselves ....

how about calling him as he is? A scumbag?

Don't worry. He don't have my respect as well.

As usual KYY is a sly old tricky bad fox. Believe only 10% things he said.

Erm, Actually I don't have a lot of knowledge in the industry and its players. 😅 How come the PE of Cypark is so different from Solarvest and Samaiden.

After he clears all his holdings, and starts shorting, the article will turn 180o

180°, use Alt+0176, no thank 

As a newbie investor, are solar energy stocks good long term investment?

If you are unfamiliar then should abstain from investing.

I dont know how u did it, but I tried Alt+0176, there's nothing
Tech idiot old man here

I think most of us here are wise to it.
A lot of newbie retail investors got caught, and left a bad taste in the mouth in terms of investing unfortunately.
One way to think about it is they bought a Degree in Stock Investing from KYY University. The rate SPMX is going, may end up being a Masters course soon.

haha no worries. I teasing you only. 

I on hold my queue of 6.25 at spmx two days ago as I am uncertain and little confuse of their sudden changes of gameplan as it suddenly diverged from TG.

Until today I got time to check through. Now their gameplan is clearer. Plus the warrants that have problems have expired.

all the best.  :thumbsup:

Tycoon Koon tells his side of story about his stocks
By TEE LIN SAY
BUSINESS
Monday, 16 May 2016

12:00 AM MYT

ETALING JAYA: Savvy investor and philantropist Koon Yew Yin reasoned that his age, wealth and ability to pick the right stocks have contributed to his late disclosures in dealing with his shares becoming an issue.

The 83-year old former civil engineer, who has a large following among retail investors, also alluded that he failed to disclose his buying and selling of shares on time to the company because of the cumbersome system of reporting share transactions on a daily basis.

“The main problem is that I have too much money which is why I need to buy above 5%. I am too good at buying shares (which has got him a lot of followers). But when I say it like that, it sounds like a bad word,” says Koon when asked on his late disclosures in shares he buys and sells.

Koon has been in the spotlight lately for untimely disclosures on companies such as VS Industry Bhd, Latitude Tree Holdings Bhd and Focus Lumber Bhd.

According to the regulations, a substantial shareholder must notify the company within seven days of any changes in his or her shareholding.

However, Koon’s disclosures were late by between two weeks to up to two months. This has caused a stir among his followers on social media who are of the view that Koon should have made timely disclosures for them to decide on their portfolio.

Going forward, Koon indicated that he might restrict his buying of stocks to less than 5% so that it would need no disclosures.

In his blog, Koon explained in detail the reasons for his delay in notifying the company.

Koon said that he needed to fill up Form 29A & B which required details such as the number of shares and the date he bought or sold. Moreover, the buying or selling price frequently changes. To report the price he has to work out the average price that he traded on the whole day.

He has margin accounts with six brokers and his total margin loan amount is RM150mil.

“My average daily trading exceeds RM1mil and the number of shares I buy and sell every day is quite a lot,” said Koon in his blog. Koon has many trading accounts and simply gives instructions to his remisiers to buy or sell at a certain price.

“A few times I made the mistake of instructing one remisier to sell in the morning the same share that I instructed another remisier to buy in the afternoon. In fact, the authorities had reprimanded my remisers who were involved in these transactions that might seem to mislead investors. Those were honest mistakes,” he said in his blog.

As a result of the above difficulties, Koon said he had timed his disclosures on his dealings with shares until he had sold enough to own less than 5% of the total issued shares of the company.

Following this, he just needed to fill up one form to state that he has ceased to be a substantial shareholder without the requirement of stating the dates and the prices that he sold.

Koon, who founded IJM Corp, Gamuda Bhd and Mudajaya Group Bhd, has a large following among retail investors on his investments in stocks.

Among investors, Koon is seen as a sort of “hero” who understands the market well. His stock picks are followed closely by most in the investing community.

Koon assures his followers that he has no intention to mislead people to lose money.

“I have never recommend readers to buy any share if I am selling. As you know, I have written many articles about Latitude, VS and Lii Hen which have gone up a few hundred per cent over the last 2 years. If you have followed my recommendations, you would have made a huge profit. Of course, if you were too greedy and did not sell, you cannot blame me,” he said.

An observer who is familiar with Bursa’s reporting procedure, acknowledges that it is a tedious process to report dealings in shares for substantial shareholders.

“Even if a substantial shareholder managed to sell only 5,000 shares a day, he would have to make the filing with Bursa. He will have to file with Bursa no matter how little he managed to buy or sell on a daily basis. This becomes difficult especially when the company is illiquid and the substantial shareholder can sell a low volume of shares in one day and yet have to make an announcement,” said the observer.

In Latitude Tree, for example, a company which Koon was previously a substantial shareholder, average daily trading volume is under 100,000 shares. This means that it would have been very difficult for Koon to dispose of the amount he wanted.

Koon’s untimely disclosures came to the forefront when VS Industry announced to Bursa on May 4 that Koon was no longer a substantial shareholder after having sold in the market a staggering 44.08 million shares between March 18 and April 11.

The announcement was only made on May 4, which was seven weeks later.

Last week, Koon had emerged as a substantial shareholder in Focus Lumber. However, disclosure was only made on May 9, with filings showing that Koon had acquired a 6.71% stake, representing 6.93 million shares, in the Sabah-based hardwood manufacturer on April 11 at an undisclosed price.

In the case of Latitude Tree, Koon who was a major shareholder with a 5.01% stake, only gave notice of his disposals in January, two months later. Based on filings on Jan 11 this year, he acquired, disposed and transferred Latitude shares between Nov 16 and 23.

On a moral note, Koon said that after having given more than 300 scholarships to help poor students to complete their tertiary education, fewer than 10 scholarship recipients had come to thank him.

“The remaining students continue to complain that the amount I gave them is not sufficient. That is human nature,” he said.

He added that he had pledged to donate RM50mil to the Penang government to build student hostels. All the architectural and engineering plans are being approved and tenders will be called soon.

“I have written in my will that all my remaining assets will be for charity to help poor people after I die,” he said.

No worries. I have been called worst names in my lifetime. 
:thumbsup:

Then of course there is this old article on the old fart...

https://www.thestar.com.my/business/busines...s-side-of-story
His margin then was 150 million. Some folks can confirm it is much higher today.... yes, he swings a fairly large bat.

The problem with everything was.... when he was selling, he had buy articles posted... and best of all, if you look into his blog archives .... 2016 is not there.

Yup 2016... the year many questioned his postings on VS, Focus Lumber ..

If I search for focus lumber I get this...

https://koonyewyin.com/?s=focus+lumber



That hit was a post dated 2019...

The archive section was most interesting...



WOW! Looks like the entire 2016 was gone. The year he was questioned about his untimely disclosures!!!!

I believed that many had also complained because when he wrote the stock was a buy, he was selling instead!!!

well all in all despite a COVID year 2020 will close 40-50 points higher than 2019.

assuming no shit show at 4.45 pm later.