Ever since I posted my article “Eversendai - why I am Buying”, there are a lot of commentaries. Some agree with my opinion and some do not. I do not expect everyone to agree with me as everyone is entitled to his own opinion. If you do not agree with me, you can always write to express your opinion in a polite way so that all the readers and I can understand and appreciate your reasoning.
Unfortunately, there are a few crude and senseless commentators who take the advantage of hiding behind some pseudonyms or some pen names to write insulting rubbish. They are cowards and dare not use their real names given by their mothers.
I have the good intention to teach readers how to improve their knowledge to make more money from the stock market. As you can see the share price has been dropping from Rm 1.40 to below 70 sen. As I said many a time before, no share can go up or come down for whatever reason. Sooner or later, the trend must change.
After the site visit to witness the launching of the lifting vessel, a few of the analysts and reporters have written articles to push the share price higher. That Is why I posted my article to tell you that I have been buying so much of shares to encourage you to buy at the pivoting point of the trend reversal. That is the best time to buy at the cheap sale.
I dare to put my money where my mouth is. In fact, a few months ago, Tan Sri A K Nathan together with an executive director and the chief financial executive came to my house in Ipoh to clear all my doubts about the company’s operation and the good profit growth prospect which is the most important consideration for selecting shares to buy. There are always some sceptics in the stock market. One senseless idiot said that it is time to sell when I am promoting it. He has to examine his track record to see why he has been performing so poorly. Why should he sell and tells readers to sell at the lowest price?
I know one famous investor who went to teach after he has made so much money from the stock market. He is Peter Lynch and he wrote his book to explain his method of making money from the stock market. The book’s title is “Beating the Street” which I read in 1993.
During the 13 years Peter Lynch was the manager of the Fidelity Magellan Fund until his retirement in 1990, Magellan was the top-ranked general equity mutual fund.
I am not an accountant but I am entrepreneur and I have more than 50 years of experience in doing business. I am one of the original founders of Mudajaya, Gamuda and IJM Corporation Bhd.
I have a well-tested and proven track record using my method. Among all the various stock selection criteria such NTA, cash flow, return of equities, amount of receivable, debts, bank borrowings, healthy bank accounts etc, the most important consideration is that it is showing increasing profit every quarter in the last few quarters. Profit growth prospect is the most powerful catalyst to push up the share price.
I was the Secretary General of the Master Builders Association Malaysia for 9 years. Among thousands of contractors who have been constructing all the properties in Malaysia, I have not seen another company which has the same construction technology as Eversendai has. I started buying Eversendai share when I first saw that the company has the steel construction technology that I have not seen before. Moreover, the company started operation about 20 years ago in Dubai and Abu Dhabi. It started at the right place and at the right time. These 2 countries are earning so much money from oil that you can see constructions everywhere.
I expect the company to make more and more profit.
http://klse.i3investor.com/blogs/koonyewyinblog/152169.jsp
