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Monday, November 11, 2013

Meeting with Mr Koon by yuwen



http://yuwenstocks.blogspot.com/2013/11/mr-koon-yew-yin.html

也许一些人对Mr. Koon不熟悉,他是IJM,Mudajaya,Gamuda的创办人,或者谷歌一下他的名字,就会找到关于他的点滴。笔者第一次阅读Mr. Koon的文章是关于收购TWSPLNT。一直很想感谢他,那篇文章带给我对收购概念的启发,也激起了我对收购股的兴趣。星期四那天,机缘之下,在 klse.i3investor.com读到Mr. Koon 的新文章里,看到他邀请读者们去他的家聚一聚,然后请我们用餐。看到这个,当然就二话不说,怎么可能会错过这次学习的机会呢!其实那天的聚会,我是有录音 的,不过不知何故,打开不到录音。希望有人可以分享。

Maybe some people Mr. Koon not familiar , he is the IJM, Mudajaya, Gamuda founder, or Google about his name , you will find information about his background. I first read Mr. Koon 's article is about the acquisition TWSPLNT. Always wanted to thank him, the article gives me inspiration for the acquisition of concepts , but also aroused my interest in the acquisition of shares . Thursday day, opportunity under the klse.i3investor.com read Mr. Koon new article, inviting readers to see him go to his house to get together , and then invited us to dine . See this , of course, apart from anything else , how could miss this opportunity to learn it ! In fact, the day party, I was a recording , but somehow, opened less than a recording. I hope someone can share .  

由于星期六我的男朋友工作半天,很感激他给我的爱与支持,一回到家我就和他一起北上怡保。五点钟准时到达他家。当时,已经有几个人都到了。进到屋子里,有个老外年轻人就招待我们,过后才得知是Mr. Koon的外孙。填写了名字,参观一下这间豪宅别墅,接着我们就开始了。

Because my boyfriend work half a day on Saturday , very grateful he gave me the love and support I have a home with him northward Ipoh . Five o'clock arrive at his home. At that time , there have been a few people up. Goes into the house , there is a foreigner young men entertain us until after that is Mr. Koon grandson . Fill in the name, a visit to this luxury villas , and then we began.


Mr. Koon就大概讲解了那篇文章得到的评论,没想到会引起那么激烈的讨论,所以就希望能与读者们会面,才办下这一次的聚会。接着,他就介绍一些书籍。无论是 Warren Buffet,Peter Lynch,还是Benjamin Graham,他发现他们全部讲的都是价值,价值之外,就是成长。他特别叫我们去阅读Glen Arnold的《Valuegrowth Investing》,这本书集合了五位大师的理论,比较容易阅读。


Mr. Koon will probably be explained in the article comments , did not think it would cause less intense discussion , so I hope to meet with readers , only this time the gathering to do next . Then , he would introduce some books. Whether Warren Buffet, Peter Lynch, or Benjamin Graham, he found that all of them are talking about the value, value addition , is growing . In particular, he told us to read Glen Arnold 's "Valuegrowth Investing", this book is a collection of five master's theory , it is easier to read.

 
有人讲投资靠运气。对Mr. Koon来说,运气就是准备。你做了功课,下了功夫,就是对股价上升最好的准备。他打个比喻说,水果从树上掉下来,你的手也得张开去迎接,才能够得到,连手都没准备,你怎么去接?

Some people say investment luck . For Mr. Koon , the luck is preparation. You've done your homework , the next effort, is the best preparation for the stock price rise . He hit a parable , fruit falls from the trees , they have to open your hand to meet before they can get , even the hand did not prepare , how do you pick ?

专家都看PE Ratio,他们忽略了未来的成长。有报告指出,在大马75%的基金经理都表现不如股市。主要原因是他们无法长期持股。他们每年都必须交出报告,表现不好很影响他们的饭碗。而90%的Day Trader都是输钱的。也不要买GLC,因为他们只会依赖政府给的合约.

Experts are looking PE Ratio, they ignore the future growth . There are reports that 75% of the Malaysian fund managers have underperformed the stock market. Mainly because they can not long-term holdings . Each year they have to hand over the report , the performance is very bad impact on their jobs. And 90% Day Trader are losing money . Do not buy GLC, because they only rely on the government to contract .

他说,这些年以来,他比较喜欢种植股。因为长远种植的成本是很低的,可以达到100%的利润。相比建筑公司,为了获得政府颁法的合约,到头来,利润可能只剩下5%或更少。然后他就说为什么他看中Jaya Tiasa,大致上和i3investor说的都一样(有兴趣进去看看,我只补充没有的内容)。他收Jaya Tiasa的票有一段日子了,也引起公司老板的注意。这家公司是首富张晓卿先生的。张先生的儿子-Kenny(我猜应该是Dato' Sri Tiong Chiong Hoo)邀请了他,坐上直升机参观他们的树园。以生意角度,他并不担心公司的负债。

He said these years, he prefers plantation stocks . Because the cost of long-term cultivation is low, up to 100 % of the profits . Compared to the construction companies, in order to obtain government contracts awarded France , in the end , profits may only 5% or less. And then he said why he saw Jaya Tiasa, and i3investor said substantially the same ( interesting look inside, I would only add that no content ) . He received Jaya Tiasa ticket for some time , and also attracted the attention of the boss . This company is the richest man in Mr. Zhang Xiaoqing 's . Zhang 's son -Kenny ( I guess it should be Dato 'Sri Tiong Chiong Hoo) invited him to visit their boarded the helicopter Tree Park . In the business point of view , he is not worried about the company's liabilities.

过后,笔者私底下问他的好朋友 Mr. Teoh Beng Suang,据说砂劳越的土地不适合种油棕,他反驳说,他在砂州的油棕园比较小,比较容易照顾,并且成本更低,还有更好的收成。土地是没有问题,反而是照料方面决定产量。

接着到了Q&A,他看到各位还没有人发问,就打圆说,是不是想知道,怎样才可以长寿?每天吃黄梨,弄到我们全场都笑了。他说,他每一天都吃整粒黄梨。早上空肚子吃,好像把我们肠胃刷了刷,对消化系统有帮助,哈哈,开玩笑。

Next to the Q & A, he saw no one ask you , hit circle that is not trying to know and how we can live longer ? Eat pineapple , we get the audience laughed. He said he ate whole pineapple every day . Morning empty stomach to eat , as if our stomach brush brush to help the digestive system , ha ha, joking.

有位先生问,现在股市那么高,还可以进场吗? 这个问题也被Mr. Teoh回答了。他认为我国的股市还是有上升的空间,2000点是不难。比起印尼和菲律宾,我国的股市逊色了很多。

A gentlemen asked , now the stock market is so high, you can also approach it ? This problem has also been Mr. Teoh answer. He believes that our country's stock market still has room to go up 2000 points is not difficult. Compared to Indonesia and the Philippines , China's stock market a lot less .

笔者也问了,TDM还可以买吗? 这个问题也是由 Mr. Teoh 回答,由于他曾经是TDM第三大股东,这方面他比较清楚。 他说,TDM现在在建着两间医院,帐目会出现庞大的费用。这两年里的盈利都不被看好,最快都要等到2016年,他也把他所有的TDM卖掉了。

I also asked , TDM also can buy it ? This issue is also the Mr. Teoh answer , because he was once a TDM third largest shareholder , he is quite clear in this regard . He said , TDM is now in progress with the two hospitals, there will be a huge expense accounts . These two years are not to be optimistic about the profitability of the fastest have to wait until 2016 , he put all his TDM sold.

另一位先生问,除了Jaya Tiasa,还有什么种植股被看好? Mr. Koon回答说,Kulim。Kulim是难得的政府关联的公司里,管理层最好的公司。

Another man asked , in addition Jaya Tiasa, what plantation stocks to be optimistic ? Mr. Koon replied , Kulim. Kulim is a rare government-linked companies , the management of the best companies .

TEH : The man was me la.


结束了疑问环节,Mr. Koon就说,人生最终目的都只是要获得快乐。如果有能力,就要懂得回馈别人。Mr. Teoh也说吃自己的,做别人的。假如有一天我们因为Mr. Koon赚到钱,他只希望我们能做一件事,把他的宗旨继续传下去,就是帮助有需要的人。无愧是一名深受别人尊敬的慈善家。

Ended questions about links , Mr. Koon said, the ultimate goal in life is just to be happy . If you have the ability , we must know how to back someone else. Mr. Teoh also said to eat their own , do someone else's . If one day we as Mr. Koon earn money, he just hope we can do one thing , his aim to continue to pass on , is to help people in need . Worthy is a deeply respected philanthropist others .

在晚餐结束之前,他特别感谢他的妻子。一位成功的人背后就会有位成功的女人。他把成功的一切都归于老婆的包容与付出。真是感人的一幕。

Before the end of the dinner , he special thanks to his wife. Behind a successful man there will be a bit of success woman. He attributed the success of all his wife's tolerance and pay . Really touching scene.


“吃自己,做别人”,就是说自己用自己能力赚的,再把自己做到的与众人分享,这是一个不简单的事情。他们两位都是真正的慈善家。也真正因为他们分享得更多,得更多。试想想,你曾邀请素未某面的人到你家做客,和他分享你的投资经验,教你怎么选股,再请你吃一餐丰富的晚餐?这是很奇妙的经验。我看应该有很多人会怀疑,是不是真的Mr. Koon?还是什么诈骗集团。很侥幸笔者没有抱任何怀疑,才能够接受这一份特别的礼物。


"Eat their own, doing what others," that they used their ability to earn, and then do their own share with everyone, this is a simple thing. Both of them are real philanthropist. But also because they share a lot more real, more. Just think, you have not been invited to a vegetarian who face a guest to your home, and his share of your investment experience, teach you how to stock selection, and then ask you a rich meal for dinner? It's an amazing experience. I think there should be a lot of people would suspect, is not really Mr. Koon? Or what scam. Was lucky I did not have any doubt, be able to accept that this is a special gift.

Translated by : google-translate.

TEH : The translator is not good ... but at least we could more or less get the meaning?

When I uploaded the clip into youtube, I will post it to share my point of views. I do still have many questions to ask Mr Koon and glad to know that he is willing and kind enough to 'entertain' me.

Thanks Mr Koon.

TEH

3 comments:

kong said...

Hi Teh, I have been following your blog. Wanted to meet Mr. Koon that day but unable to make it. Possible to follow you to meet him in your next trip ? Thanks, from Yap.. my email: yklim33@gmail.com

believe said...

vinext@gmail.com me,
Mr Koon wil be meeting a group of investors feb 16, sun, 11am at his house again,where r u coming from Teh and yklim33@gmail.com ?
tag along,fr kl? pg? pls reply quickly to my email,not to this wall

believe said...

vinext@gmail.com me,
Mr Koon wil be meeting a group of investors feb 16, sun, 11am at his house again,where r u coming from Teh and yklim33@gmail.com ?
tag along,fr kl? pg? pls reply quickly to my email,not to this wall