Is a 1985 massive hit for Feargal Sharkey. A couple of weeks ago, CIMB had a sell call on CSC Steel while Koon Yew Yin said he was buying.
CSC Steel is a cash rich company, with some RM266 million in cash, in addition up to the first nine months of its financial year,
It's pre tax profit soared to RM74.27 million from RM33.3 million.
The stock now is trading at RM2 a share. From what I have seen of Koon , his call on the market is pretty accurate, while what I have heard of Koon is pretty diverse, from the course of certain traders death, charity for publicity, and charity for charity's sake.
Koon is successful because, he also acts as a market maker to acquire the shares in the companies in which he recommends
But going through the 3investor forum, one can sence an anti Koon movement building up, perhaps it's because Koon has a loud mouth, or perhaps it's because he takes time to answer his critics.
This guy might be an ace market maker or manipulator , but that's his job. One suspects, he has a good heart.
