Thursday, April 17, 2014

Karpal Singh - A man who is said to be Anti-Islam but defend 4 Malay students -- Rest in Peace

Friday, April 11, 2014

Jack Ma’s Last Speech as Alibaba CEO

Last Friday in Hangzhou, China, Alibaba celebrated Taobao’s tenth anniversary (pictures below). But it didn’t feel like it was really entirely a celebration for Taobao. I’m sure that while enjoying the songs and dances at this concert-style event, at the back of the mind of everyone at the stadium was that it was Jack Ma’s last day as CEO.

True enough, Jack Ma’s speech reflected that. It felt a little more like a goodbye speech from the founder as he moves on to become chairman. It was a speech that paved the way for Jonathan Lu to take over his position as Alibaba’s CEO.

“Small businesses are where most of the Chinese dreams live”

After a couple of hours of music and extravaganza – including Ma himself singing – he gave his speech to the roaring stadium audience of over 20,000 employees, merchants, and guests. Below is our unofficial translation of Jack’s speech. I do hope it captured a large part of what he communicated:

Jack Ma: In the last ten years, there are many people who have paid a big price to live this dream. For our dream, we have walked ten years. I have been thinking, even if someone had removed 99 percent of Alibaba’s assets, we are still worthy. We have no regrets. We have our team, our partners, and friends. What is the thing that has made Alibaba what it is today? What is the thing that has made me what I am today? I have no reasons to succeed. Alibaba and Taobao have no reasons to succeed either. But today, we have walked so far and for so many years with so many aspirations for the future. I believe, it is trust that has made us walk this far.

When no one believes in the future, we chose to believe… we chose to trust.. that 10 years later, China will be better. We chose to believe that our colleagues will do better than myself. I believe, the younger generation of Chinese will do better than us. I’m very thankful that my colleagues have trusted me. It’s tough to be a CEO but being a CEO’s employee is even tougher. At times when trust was doubted, people actually bought things online, even when they haven’t even seen the items before. Over thousands of kilometers, through an unknown person, the goods fall safely into your hands. Today’s China has trust and belief. Everyday, there are 24 million transactions on Taobao signifying China’s trust.

I’m proud to be everyone’s colleague and working partner. Even after life, we will still be colleagues. Because of you, it allows this generation to see hope. All of you are building a new kind of trust. This trust helps to make the world more open, more transparent, and more responsible. I feel proud of you. Today’s world is ever-changing. 30 years ago, we didn’t expect what would have happened today. We didn’t expect China to be a manufacturing giant. We didn’t expect computers to be part of everyone’s life. We didn’t expect the internet in China could grow so rapidly. We didn’t expect Taobao can rise. We didn’t expect Yahoo could become what it is today. We’re in a rapidly changing world. We didn’t expect we can all sit together today to celebrate and look forward to the future.

Computers are fast, the internet is even faster. When we haven’t really understood what is mobile internet, big data comes along. Times of change are for the younger generation. Today, a lot of young people think that big companies like Google, Baidu, Tencent, and Alibaba took all of your chances to succeed. Ten years ago, when we saw numerous giant companies, we were also once lost and worried. Do we have a chance? But ten years of determination, we have walked to today. If it wasn’t a time of change, the younger generation would not have a chance. We don’t need a rich father to succeed. What we have is determination and a vision. A lot of people hate change, but because we have embraced this change that’s why we have a future. The next 30 years, this world and China, will have even more change. This change is an opportunity for everyone. Grab this chance.

A lot of people complain about yesterday. We have no power to change yesterday. But this very day, 30 years later, is what we can control and decide. Change yourself, take baby steps, and stay determined for ten years. I thank the times of change and everyone’s complaints. Because when everyone is complaining, that is your chance, an opportunity. It’s only in times of change that someone can be clear of what he has and wants, and what he needs to give up.

Building Alibaba for 14 years, I’m honored that I’m a businessman. As we enter the modern age, it’s a pity that business people don’t get the respect they deserve. Business people in this age aren’t just doing business for profits. I think, we are the same as any artist, educator, and politician who’s doing our best to make this society complete. 14 years in business made me understand life, hardship, determination, and responsibility. It also made me understand that when other people succeed it means we have succeeded as well. What we look forward to most is the smile on our employees’ faces.

After today, I will no longer be a CEO. From tomorrow onwards, business will not be my sole focus. 14 years into business, I feel proud. In this world, no one can say that they will not age – make no mistakes, and be undefeatable. To make sure a company doesn’t age and make no mistakes, I chose to believe the younger generation. By believing in them, you also believe in the future. So I will not return to Alibaba as CEO. There’s no use for me to return because all of you will do better.

Building a company to this size, I feel humbled and proud. But what we have contributed to society is only just a start for Alibaba. What we achieved today, has greatly surpassed the efforts we have put in. This society, at this time, for Alibaba to continue to prosper, we have to solve problems in society. There are so many problems in society and these are opportunities for everyone. If there isn’t any problem, then there’s no need for all of you. All people of Alibaba, please continue to serve small businesses. Because small businesses are where most of the Chinese dreams live. 14 years ago, we set a mission that there will be no business too hard to do, helping small enterprises to grow. Today, this mission lies in your hands. People say e-commerce and the internet created an unfair advantage. But my understanding is that the internet created a truly fair platform.

Moving forward, I will be doing things that I’m interested in, such as working on education and the environment. Besides work, let’s work hard together to improve China. Let the water be clear, the sky be blue, and the food be safe. Everyone, please! (Jack Ma kneels down to the audience).
I’m very honored to introduce you to Alibaba’s future leader and team. They have worked with me for many years and understood me better than myself. Jonathan Lu worked for 13 years at Alibaba and has been through multiple positions and hardships. I should say both tears and smiles are equally the same. Taking over Ma Yun’s (Jack Ma’s) position is very difficult. I can walk till today all thanks to everyone’s trust. Because of trust, it has made the journey easy. I believe and I also urge everyone to support and trust Jonathan Lu and the team as you have always supported and trusted me.

Thank you everyone! From tomorrow onwards, I will live my own life of choice. From tomorrow onwards, life will be my work.

Thursday, April 3, 2014

Best Time to buy Oil Palm Plantation Stocks - Koon Yew Yin

Best Time to buy Oil Palm Plantation Stocks - Koon Yew Yin

Author: Koon Yew Yin | Publish date: Thu, 27 Mar 21:59

Koon Yew Yin 27th March 2014 from i3 investor .com

Like most commodities, palm oil price also moves in cycle. There are several reasons why commodity price is cyclical in nature. The price of any product depends largely on the theory of supply and demand which also depends on other economic factors such as economic expansion, recession, interest rate and other factors, all of which are also cyclical in nature.

A few weeks ago, I posted an article under the title ‘Palm Oil Price Trend’ on this forum where I said the average CPO price was Rm 2,250 for last year per ton and in the recent Malaysian Palm Oil conference, all the experts expect CPO price to rise to Rm 3,000 soon. The average CPO price for this year will most likely be about Rm 2,750 per ton. As a result, all plantation companies will enjoy an additional profit of RM 500 per ton for no additional effort, literally for doing nothing.

As we all know, due to the poor CPO price for last year, the share price for all plantation companies have been depressed. Most of them are on cheap sale.

Since the CPO price is at the beginning of the uptrend cycle, all plantation companies will show increasing quarterly profit in the next several quarters.

About 80% of my total investment is on the plantation sector. I have Kulim, FGV, SOP, TH Plantation and Jaya Tiasa and their closing prices are Rm 3.40, 4.46, 6.40, 2.00 and 2.75 respectively. I must warn you that if you decide to buy, you are doing it at your own risk.

Wednesday, March 5, 2014

Warren Buffett’s 2013 annual letter - Koon Yew Yin


Warren Buffett’s 2013 annual letter - Koon Yew Yin

Author: Koon Yew Yin | Publish date: Tue, 4 Mar 16:05

In all my articles on investment, I have been telling you to invest like a businessman. It is more important to be able to know how much profit the company can produce in the next few years than to worry about its current earning. You must know the difference between investing for the productivity of the asset versus investing on hopes that the share price of the asset changes.

Let us look at what Warren Buffett has to say to all his shareholders:

Warren Buffett’s 2013 annual letter to Berkshire Hathaway shareholders will be released shortly.

Buffett bulleted five fundamentals of investing, which we paraphrase:

“You don’t need to be an expert in order to achieve satisfactory investment returns.” But Buffett also warns that the investor should recognize her limitations and “keep things simple.

“Focus on the future productivity of the asset you are considering.” Buffett notes that no one can perfectly forecast the future profitability of an investment. “[O]mniscience isn’t necessary; you only need to understand the actions you undertake.”

“If you instead focus on the prospective price change of a contemplated purchase, you are speculating.” Buffett has nothing against price speculation. But he emphasizes that it’s important to be able to know the difference between investing for the productivity of the asset versus investing on hopes that the price of the asset changes.

“With my two small investments, I thought only of what the properties would produce and cared not at all about their daily valuations. Games are won by players who focus on the playing field — not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.” In other words, focus on the long-run.

“Forming macro opinions or listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important.” So mute CNBC, Bloomberg TV, and Fox Business. Unless Warren Buffett comes on.

Buffett open this excerpt with this quote from his mentor Columbia University finance professor Ben Graham: “Investment is most intelligent when it is most businesslike.”

Read the whole except at
Valuegrowth Investing
I recommend you to read “Valuegrowth Investing” by Glen Arnold in which Professor Arnold has written about Warren Buffett, Ben Graham, Peter Lynch, David Dreman, Charles Munger and John Neff, like lecture notes. Instead of reading thousands of pages, you can read all about these investment gurus in one book of 334 pages.

Thursday, February 27, 2014

Koon Yew Yin scholarships - Koon Yew Yin

Koon Yew Yin scholarships - Koon Yew Yin

Author: Koon Yew Yin | Publish date: Thu, 27 Feb 15:00

All students, irrespective of race and religion who have secured a place to study for the foundation course in any of the public Universities in Malaysia, including UTAR, are eligible to apply for scholarships from Koon yew yin.

The scholarship provided will be sufficient to cover tuition fees and cost of living expenses for the one-year foundation course.

On successful completion of the foundation course, the students will be required to apply for the government PTPTN loan to complete the degree courses chosen by them.

1. Scholarships will only be given to needy students whose parents are earning less than RM3,000 per month. Applicants must have passed SPM with at least 5A.

2. Scholarship recipients after completion of their degree courses are not required to compensate in any way for the financial support received. The only condition is that they will have to promise to help other poor students when they themselves are financially secure and in a position to help the unfortunate and needy.

3. All applications should be sent to the address below with appropriate parents’ salary or pay vouchers or other evidence of income as well as offer letters from the universities. For students with parents engaged in self employment, a letter of reference from a school teacher or official on the financial status of the parents will be sufficient.

4. The selection criteria is based on applicant’s financial need and not on academic achievement.

Contact by post to
Mrs Koon Yew Yin
65, Lingkaran Meru Valley,
Meru Valley Golf and Country Club,
Jelapang, 30020 Ipoh
Or contact by email:

Note: I have given more than 250 scholarships to help poor students to complete their tertiary education. The attached photos taken during the recent Chinese New Year celebration, shows some of the graduates who benefitted from my scholarships.

This is how I want to spend my money effectively to create happiness. Just see how happy they all are. When they are happy, I am happy.

Remember, after you have made more money than you really require, you must not forget that you cannot take it away when you die. You must do charity and create happiness which is our ultimate aim in life.

Among these graduates, standing 3rd from the right is Wan Pui Yee with 9A1 and 2A2 in SPM and sitting 3rd from right is Andrew Tan with 10A1 in SPM. Both of them could not get scholarships from the Government. They would have gone to Singapore if I did not offer them my helping hand.
If you know of poor students who need financial help, please tell them to apply.

Tuesday, February 25, 2014

Jaya Tiasa historical record cannot lie - Koon Yew Yin

Jaya Tiasa historical record cannot lie - Koon Yew Yin

Author: Koon Yew Yin | Publish date: Mon, 24 Feb 13:37

Koon Yew Yin
As you all know, I have been trying to teach you how to select shares with good profit growth prospect and as an example I used Jaya Tiasa. I even told you that my family members and I have bought more than 40 million shares and now my largest holding is JT. I also told you that on 31 Dec I bought 4.5 million JT at Rm 2.04 per share.

Many readers complianed that I was promoting Jaya Tiasa because I want people to buy to support the share. I have been telling you that I do not need you to make me richer because time will prove me right. My intention is noble and altruistic, I just want to teach you how to be a super investor.

As I said, the truth will set me free. Now a lot of serious investors are beginning to see that Jaya Tiasa has tremdous profit growth prosepect and they are buying as if tomorrow is too late.

If you look at the research I have done you will understand that the historical FFB production record cannot lie and if you use a litlle bit of imagination you can safely foresee that its profit will continue to grow for the next few years because the average age of their palms is only about 6 years and the FFB production peak is 11 years.

Many profesional analysts have already reported that the current up trend of CPO price is sustainable because Indonesia has mandated the use 3 million tons of palm oil to produce bio diesel for this year.
As I said again and again I do not need to buy to support the price of JT.

FFB production for 1st half of financial year 2014 from July – Dec 2013.

The above chart shows the annual Jaya Tiasa FFB production from 2007-2013 ending June. The FFB production increased by an average of more than 30% per year.

JT’s monthly FFB production from July – Dec 2013 are : 60,600 ton, 69,600, 83,066, 79,157, 74,161, 80,851 ton , totaling 447,439 ton. Assuming the 2nd half year FFB production is the same, the total FFB production for the coming financial year ending June 2014 will be 894,878 ton which an increase of about 32%.

Since the average age of the palms is only about 6 years and palm will produce the maximum fruits at the age of 11 years, I can foresee the FFB production will increase by about 30% per year compound for the next 5 years.


Saturday, February 22, 2014

Five questions to ask your GP -- from the Star

Five questions to ask your GP

There are key questions one can ask to help identify the right doctor.

ONLINE EXCLUSIVE: Your general practitioner (GP) is one of the most important person in your life as they are the ones who evaluates your health and inform you of life-changing illnesses.

Choosing your general practitioner requires effort and time. Here are the five important questions you should ask yourself before you choose your GP.

1. Location

The first question you need to ask yourself when it comes to choosing a doctor, is whether you want to have them near your home or your office.

Workers with children would prefer to have their clinics closer to home. Unless you are a workaholic who insists on heading to work when you are ill, a clinic closer to home is always a good idea, especially in cases of emergency.

2. Gender
The gender of your doctor is actually really important because health issues and treatments can become a very personal experience and  this sets the boundaries you are able to explore in terms of medical consultation.

This does not necessarily mean one has to choose a doctor of the same gender. Some women  may actually find male doctors more approachable, and male patients may be able to communicate better with female doctors.

3. Compatibility

Good chemistry with your general practitioner is essential, because without that, one will not actually be able to understand and overcome health complication issues.

The first most important thing is to have a doctor who listens to you. Someone who does not say ' I think you are having this' as soon as you walk into the room before hearing you out.

It is of utmost importance to have someone who does not assume and gives you the opportunity to explain your symptoms and how it has affected you. This addition allows a more accurate diagnosis and gives a patient some sense of security.

4. Affordability

Many doctors often say one should not be stingy when it comes to medical facilities, because it would eventually lead to larger medical bill.

However, practicality is at play here because your medical consultant is a long term commitment and you do not want to have to fork out RM200 for migraine medication.

Be reasonable but do not compromise. If you find the medicines from your neighbourhood doctor cheap but ineffective, it is time you look out for better resources, because ultimately health is wealth.

5. Competence
Though you may not literally be going under the knife of your GP, he is a critical arbiter of your health. Hence, a thorough background check before you settle in with one would be a great idea.

If you are new to a particular neighbourhood, you might want to ask around about the quality of the services offered by the doctor who has a clinic behind your house.

It would also be good if you could check on the credentials of the doctor. Most doctors who have graduated from a medical school are not shy to flaunt in in their clinic's, so go ahead and take a look at them.

 Do not be afraid to ask them questions. If they know their stuff, they will answer
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