KYY's comments most the broking firms/analysts who mightiness locomote deliberately pushing downwards Dayang's prices were uncalled for, over the top, childish, naive together with petulant.
1) You may laid on a query report, BUT on merits, please. You may dissect their assumptions together with projections - if yous abide by mistake alongside them, telephone band them out every bit weak research. To jump to "pushing downwards prices" is WAY, WAY, BELOW THE BELT. It is similar your ain kid who comes domicile yesteryear the 10pm curfew, say 1am, together with straight off yous outflow to the determination that he must essay out that he has non been doing drugs.
2) Why must all query concur alongside your marketplace position? If all query analysts must follow KYY's golden principles, together with thus no postulate to guide maintain other opinions. And yet when the negative query reports came out, in that location was alone 1 betoken declaration made yesteryear KYY every bit to why the analysts must locomote weak to non meet the lofty together with positive projections yesteryear KYY every bit existence closed to prophetic.
3) Why write to SC??? If an investor felt that he/she has been wronged or cheated, together with thus he/she may guide maintain a case. This is similar a kid crying running dorsum to mummy campaign his H2O ice cream barbarous to the ground.
4) To purchase at lower prices??? We ALL desire to purchase at lower prices. So what if all brokers purchase at lower prices? If they remember RM1.70 was too high, together with it falls downwards to RM1.20... perhaps I volition purchase then. What is incorrect to purchase lower? The insinuation was that they acted perhaps collusively to stupor the marketplace downwards for Dayang. That may or may non locomote truthful but yous cannot seriously SAY that out loud that yous SUSPECT they may locomote depressing Dayang's prices UNLESS yous guide maintain solid evidence.
Even then, what form of bear witness produce yous remember yous tin forcefulness out have? That they bought 100m together from RM0.90 sen to RM1.30, together with sold at RM1.60... together with existence gear upward clean of slate they proceeded to number sell reports? Is this the form of bear witness yous are seeking? If yous are, sad man, fifty-fifty if yous abide by that to locomote true, it is willing-buyer willing-seller.
Firstly, to create upward one's hear that the society bought, ... which trouble concern human relationship or accounts are yous referring to - remisier, proprietary, fund management?? You can't laid on remisiers' accounts every bit they human activity for their clients. You cannot whack prop traders every bit they human activity on their ain behalf, alone that they portion their gains alongside the company. Hence if yous desire to target your electrical load properly, it should locomote to expect for transactions yesteryear "in house, broker owned fund management transactions" - I remember I said too much.
Then yous guide maintain to link the analyst to the said buyer/seller of shares - how, how did the analyst benefited... I remember easier to convict Jho Low la.
5) ... together with my dearest friend, why say yous guide maintain 30m shares???!!!... if yous are writing to SC, THEY KNOW ALL YOUR TRANSACTIONS la. Is it for the "readers" to read that? Your reaction to that declaration every bit a author together with your underlying assumptions and motives volition locomote real revealing for your goodself.
The same goes for all readers when nosotros read that statement: jealous ah, practiced for him ah, none of our biz, a fight ego ah??, its simply a stock merchandise ... How nosotros react internally tell ourselves a lot most our ain prejudices, biases together with character.
6) What I institute "jumping to conclusions" too much was the declaration that the brokers were depressing to purchase at lower levels. KYY cannot convey the fact that in that location mightiness locomote other learned people who may non experience the same way. To KYY, all learned people inward the manufacture MUST FEEL THE SAME WAY most the stock, everyone is positive, alone that some chowkar wanted to purchase cheaper. I mean, come upward on la.
7) Plus ah... when did Malaysian query reports expire thus influential??? Just expect at the production charge per unit of measurement of all analysts - they number notes together with reports at to the lowest degree a few times a calendar week - how influential are their reports. Go abide by the correlation. Monkey throw darts also sometimes striking bullseyes, together with to me, that was largely what happened. The closest approximation to some form of misdeed may come upward from (if any) the "fund management" side (size) ... expect into that area. Because largely all that barking KYY was upward against the incorrect pokok.
8) While I say most analyst reports locally are non influential, they produce affair a fight to a greater extent than when the stocks guide maintain been real volatile. Any stock that has surged or dropped perceptibly over a curt catamenia of fourth dimension (1-2 weeks) are restrict to locomote highly sensitive to whatever form of newsflow. Not simply Dayang... expect at Prestariang together with MY EG (on the means upward together with down)... in that location were simply every bit many negative reports on MYEG together with Prestariang on the means down... why no calls of collusion to depress prices to purchase cheaper?
9) Look at the Nov 2018 report, a BUY at roughly RM0.70... target RM0.86. Subsequent to that, I remember he upgraded the target toll to RM1.15. Now KYY is whacking an analyst who has called a 40% make inward a stock correctly. To locomote fair to the analyst, he did non telephone band for an immediate SELL when it went yesteryear his target toll of RM1.15 ... spell waiting to beak to the management of Dayang, the stock went fifty-fifty higher to RM1.70. To telephone band a SELL on a stock that has surged yesteryear your target toll of RM1.15 inside a calendar week or 2 to RM1.70 is called PRUDENT. On March 12, he tin forcefulness out alone telephone band a BUY, SELL at RM1.70. Imagine your concluding target 10 days agone was RM1.15... how to follow upward alongside some other study for a higher target toll than RM1.70?
The analysts have sufficient reasons to telephone band for whatever target toll they experience comfortable. This is my most of import point, if the analysts had been working alongside inward theatre funds or in-house fund management units - wouldn't they guide maintain all ISSUED H5N1 BUY REPORT much earlier alongside EVEN MUCH HIGHER TARGET PRICES??? If I bought a huge pose together with I desire to locomote out at higher levels, I would telephone band the analyst to number a lofty report. So in that location was none of that.
Because KYY couldn't locomote that Occom 's Razor explanation, he had to expire for the to a greater extent than hard explanation of depressing prices TO COLLECT CHEAPER. Bollocks.
10) If KYY believes his target toll of RM3.00 is achievable yesteryear 2020, why the petulant conduct over curt term gyrations? Some more, KYY thinks these brokers-analysts mightiness locomote colluding to BUY cheaper, thus they are however long term buyers. So don't worry la... cannot boot upward a fuss everytime don't kena 4D.
11) KYY's 2nd para above: .. "big institutional investors are responsible ..I guide maintain seen 150m shares changed hands .."
That declaration mightiness shed lite on a naive agreement of book traded inward whatever stock. If a stock had 150m volume, largely 30-60% of the book would guide maintain been churned yesteryear certainly twenty-four hr catamenia traders together with prop traders (who may or may non locomote acting inward concert alongside certainly people). Having that every bit a backdrop, it is slow to meet how some twenty-four hr catamenia traders or prop traders could accelerate a stock's ascension or autumn yesteryear sheer momentum: e.g. purchase 10m sell 8m Day 1, purchase 15m sell 10m Day 2, purchase 10m sell 12 one thousand Day 3, etc... that form of activity (momentum gear upward up inward book together with toll upticks) volition locomote highly successful when the planets are aligned (good sentiment, right sector play, potent catalysts ... all inward Dayang's favour). Thus yous volition abide by to a greater extent than than a few of these bigwigs too KYY belongings 5m-20m pose each together with basically encouraging to a greater extent than participants every bit they expire along. Any sign of bad news, existent or fake, volition trigger a landslide.
There are people who are happy alongside a 20 sen gain, or xl sen make or 50% make ... non everyone volition hold off till RM3.00. With thus many disparate groups of investors, naturally trading volition locomote volatile, fifty-fifty for a practiced stock alongside brilliant prospects, esp when it has surged thus much over such a curt catamenia of time. But things volition fifty-fifty out eventually.
But every bit inward most things, they volition revert to the mean. If Dayang's prospects are actually corking the hateful volition locomote on an uptrend anyway, why bother most the noise?
In my view, that's what happened to Dayang.
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