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Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Sun, 18 Apr 2021, 12:09 PM

 

How I became a full-time investor? Koon Yew Yin

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Hong Kong richest man, Li Ka Shing in his twilight years wrote his philosophy of life, wealth, health, doing charity and happiness.

Mr Li Ka-shing is the Chairman of Cheung Kong (Holdings) Limited and Hutchison Whampoa Limited. Cheung Kong (Holdings) Limited is the flagship of the Cheung Kong Group which has business operations in 54 countries around the world and employs about 240,000 staff.

I just read Li Ka-shing life story which reminds me of my experience in equity investing in Hong Kong and how I became a full-time investor.  

In 1983 when China gave notice to the British Government to recover the sovereignty of Hong Kong and Kowloon which was ceded to the British when China lost the 2 opium wars in 1842 and 1856-60. The Hong Kong stock market crashed. The Hang Seng Index fell below 1,000. Most of the Hong Kong investors were rushing to sell their holdings because they were afraid the Communists were coming to control Hong Kong.

There were so many listed shares with fantastic profit growth, selling below their NTA. I identified a stock namely Hong Realty & Trust (HKRT) which was controlled by a Jew, MR Willock Marden. Just before the stock market crash, HKRT was selling around $14 with $10 cash per share because the company just sold a multi storey building called Willock House. During the crash HKRT was selling below $4.00 per share. I used all my money to buy HKRT. As the price was recovering, I bought a lot more shares with margin finance. As soon as China agreed to give another 50 years extension to the British Government, the market rebounded sharply. HKRT shot above $20. I sold all my holdings and bought many other stocks which were still under-priced. I bought Henderson Land, the biggest property developer in HK, HSBC and Futuna Hotel Group.

After I found out how easy to make money from the stock market, I retired from IJM Board and became a full-time investor.  

The broking company, Kaiser Stocks and Shares Co. Ltd was giving me margin finance to buy more shares to make more money. The owner wanted to sell his company to migrate to Canada. He wanted to help his manager Edmond Leong by selling the company for only $10 million which was the security deposit for the stock trading licence, all the computers, furniture and other accessories were free of charge. 

The manager, Edmond Leong and I each bought 50% of the company. Edmond gave 5% to the chief trader and I gave 5% to the accountant so that no one had full control of the company.  

After a few years, we sold the company to a Chinese rich man from main land China for a small profit.      

 

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Thomas Yeah, Grandpa Koon bragging again! Must have made tons of money duping newbies with Spermax! Somewhat i already predict what his next article is all about!
07/03/2021 10:45 PM
Hoho22 Same century old stories, Dare talk about the loss these ten years.
07/03/2021 11:02 PM
Mini Bull orang tua datang tipu lagi
07/03/2021 11:18 PM
Mini Bull investor conman uncle K vs political conman Tun M
07/03/2021 11:30 PM
greedy44444 Uncle Koon, Supermx still can buy ?
07/03/2021 11:44 PM
emsvsi Dear Mr Koon Yew Yin,


What an inspiring story and one of conviction - buying when everyone else was running the other way. As they say, fortune favours the bold


Just as you bought beaten-down value stocks in HK during the crash in 1983, you should also buy beaten down stocks in Bursa hit by the pandemic, presenting a once in a lifetime opportunity.


Top pick is Genting (3182) that is trading below it's NTA of RM8.56 and you will once again be able to rise in 2021 the Year of the Ox. Now is not the time yet for property stocks


Sincerely,
EMSVSI
07/03/2021 11:47 PM
alphajack Basically timing la. Sun Tzu also mentioned that many times in his book ready. Timing often decides the outcome of a war and Koon got the timing really well that propelled him to 9 digits net worth (hundreds of mils)...but sometimes luck play a huge role too so dont be sad if you all bilis cannot be like Koon. Your time hasn't come.
08/03/2021 8:41 AM
Bamboo Green Con You Yin, Your credibility is now same rank with liar, shame on you
08/03/2021 10:59 AM
LaoTzeAhSir how about Jaks, Supermx, AT?
08/03/2021 2:04 PM
Stockisnotfun So what he trying to express? Sounds similar to Leonardo dicaprio acted in "The wolf of wall street".

Never ask his client to judge how much he loss because he have so less losses to begin with?
08/03/2021 2:30 PM
GroundZero by refusing to cut loss on supermx?
08/03/2021 3:15 PM
ahbah I always find it banyak susah to make moni in the mkt. Why like that ?
08/03/2021 3:25 PM
CharlesT Super Lucky Gambler initially....then become not so lucky gambler this few years....

up n down gain n loss up n down gain n loss
08/03/2021 3:42 PM
SayaSampahBursa To hell to heaven
13/03/2021 8:11 AM
BILLC Manyak olang susah make moni because kena “Con You Win “,,,,,,,,hehe,,,
13/03/2021 2:42 PM


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