Thursday, February 21, 2013

Popian King history

Sam Goi: "Popiah King" has ownership stakes in several listed companies, and these holdings are either in his name or under his personal vehicle, food company Tee Yih Jia (TYJ). However, the recent Yamada Green Resources placement was made under a new special purpose vehicle, Hydrex International Private Limited. On the "Popiah King" effect, the three counters - JB Foods, Etika & Yamada – that offered the share placement saw their share prices appreciated very sharply after the announcements. However, counters that Sam Goi bought into gradually saw no immediate and/or sustained gains after his investments. On the other hand, there was a varied performance for his other investments, as the other counters failed to garner similar levels of interest from the investment community. Transactions by both Sam Goi & TYJ: Super Group:Sam Goi’s first investment into the Group in 2006 boosted the counter sharply subsequently. However, his later investment through TYJ did not achieve the same results and the reaction was muted. Serial Systems: Couple of transactions made for this company starting from late 2005. The reaction to the TYJ investment back in late 2005 was subdued while his recent investments saw more immediate reactions (although the stock appreciation could be down to the recent penny-stock rally). Personal Investments (under own name): Hanwell Holdings: Sam Goi made several transactions for this company that started from the equity market peak in 2007 to presently. As evidenced by the price chart for Hanwell, his impact was subdued but this was not surprising given the negative sentiment following the Great Financial Crisis. China Powerplus: One of the shorter transactions for the Sam Goi but the timing was the main culprit. He bought in right before the pre-GFC peak and managed to get out at a slight profit. Currently, Sam Goi holds a reduced stake of around 6.6%. Union Steel: The share price surged within 3-4 months following the first transaction before the sharp correction resulting from the GFC. Subsequent transactions in 2011 and 2012 failed to revitalise the counter. GSH: Third transaction for this counter caused a surge in share price from post-GFC lows. Rally has sustained and the counter has retained much of the gains since then. The most recent transaction slightly boosted the counter but its impact was short-lived. TYJ only investments: Tung Lok: Despite the several transactions under his TYJ vehicle, Tung Lok remains locked in range-bound trading with no clear movements.

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