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Stock market investment in Malaysia and Singapore
312 pages, Paperback
First published January 1, 1986
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Displaying 1 - 2 of 2 reviews
November 6, 2013
I accidentally got this book from a second-hand book shop in Penang, and delighted with it. I bought it for RM15 and I am pretty sure I can sell it for RM150 despite of the book's bad condition. The knowledge is awesome.
I would summarise my comment of this book into one sentence i.e. "This is the Malaysian-version of The Intelligent Investor".
The case-studies might be outdated but not the teachings. Dr Neoh emphasised a lot on dividend yield for valuation of stocks, which is still very applicable in today's investment environment, just that people are getting less concern on dividends.
The opening of the book is priceless and timeless. Dr Neoh explained on the speculative manias in the past (both global and local). If you look at the crises subsequent to his book, it was like Dr Neoh seeing them coming. Human, over the years, kept repeating the same speculative-mania mistakes as pointed out in the book, and I am sure that there will be more coming in the future.
Dr Neoh also explained on the irrelevancy of stock-split and bonus share issue, where unfortunately both are highly valued by Malaysian investors. He also caution the reader to analyse carefully on rights issue, which serve more bad than good.
Dr Neoh applied some formula of Benjamin Graham in the final chapter which I find not so applicable any more. Other than that, I think his way of valuing stocks is very useful.
I would summarise my comment of this book into one sentence i.e. "This is the Malaysian-version of The Intelligent Investor".
The case-studies might be outdated but not the teachings. Dr Neoh emphasised a lot on dividend yield for valuation of stocks, which is still very applicable in today's investment environment, just that people are getting less concern on dividends.
The opening of the book is priceless and timeless. Dr Neoh explained on the speculative manias in the past (both global and local). If you look at the crises subsequent to his book, it was like Dr Neoh seeing them coming. Human, over the years, kept repeating the same speculative-mania mistakes as pointed out in the book, and I am sure that there will be more coming in the future.
Dr Neoh also explained on the irrelevancy of stock-split and bonus share issue, where unfortunately both are highly valued by Malaysian investors. He also caution the reader to analyse carefully on rights issue, which serve more bad than good.
Dr Neoh applied some formula of Benjamin Graham in the final chapter which I find not so applicable any more. Other than that, I think his way of valuing stocks is very useful.
July 26, 2010
this is an excellent book for fundamental analysis...v detailed explanation of basic concepts in stock like:
(1) what drives a mania/ speculation
(2) how to value a stock - earning yield or dividend yield ( the author prefers a dividend valuation approach)
(3) why bonus issue/ right issue/ stock split should be (and treated as) a non event
(1) what drives a mania/ speculation
(2) how to value a stock - earning yield or dividend yield ( the author prefers a dividend valuation approach)
(3) why bonus issue/ right issue/ stock split should be (and treated as) a non event
Displaying 1 - 2 of 2 reviews