Koon Yew Yin 25 June 2021
In 1980 we had the HIV & Aids. In 2009 we had the H1N1 Flu. Currently we are having the Covid 19 pandemic which is affecting everybody’s movement and almost all the listed companies. Moreover, we have our political uncertainty. Our back door PM Muhyiddin even ignored the Agong’s suggestion to reconvene Parliament as soon as possible.
Muhyiddin does not want to face a vote of no confidence in Parliament.
Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that “the time to buy is when there’s blood in the streets.” He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.
This situation reminds me of my experience in 1983 when China gave notice to the British Government to recover the sovereignty of Hong Kong which caused the Hang Seng index to plunge below 1,000. I took the buying opportunity to make a killing.
Using the same investment logic, yesterday RHB bought 745,000 Leon Fuat for me. You can call 05-2493279 to confirm my purchase. Today HLIB bought for me 565,000 Leon Fuat for me. You can call 05-2559110 to confirm my purchase.
Yesterday Leon Fuat closed at 98.5 sen. Its latest quarter EPS was 11.65 sen. Even if I assumed its next 3 quarter is the same, its annual EPS will be 4 X 11.65 equal 46.6 sen. It is selling at PE 2.
http://koonyewyin.com/2021/06/25/a-rare-buying-opportunity-for-investors/
