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Who is Lo Kheng Hong?
Lo Kheng Hong, who doesn't know the name? Lo Kheng Hong's name is often mentioned in the world of Indonesian stocks. Stock businessmen are no strangers to the man who got the nickname "Warren Buffet of Indonesia" who has a lot of expertise in the field of investment. LKH was born in Jakarta, February 20, 1959 is the most successful investor in Indonesia. The 63-year-old man has no boss, or employees. His name is so attached to the world of stocks which is also a role model for stock businessmen in Indonesia. The source of wealth that he has so far comes from his proficiency and consistency in the world of stock investment.
Lo Kheng Hong is a crazy rich who previously came from a poor family. His childhood at that time was very depressed where he had to live in a small and narrow house. LKH's education itself is known to be only a high school graduate where LKH had gone to college, but did not continue his education because of his family's economic background which required him to quit college.
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Lo Kheng Hong
The man who is successful in the world of stocks previously worked as an administrative employee at a financial company called Overseas Express Bank (OEB). Then at the age of 20, LKH began to continue his education which had been delayed at the National University by majoring in English Literature.
LKH took the employee class which at that time the entrance fee was still Rp50,000, while the tuition fee was only around Rp10,000. Behind its success in the world of stocks, there are people who are meritorious behind it all. Lo Kheng Hong's wife is one of the people who supports Lo Kheng Hong in the world of stock investment. LKH said that his wife's attitude has been encouraging his success because it has given him the freedom to manage finances which is the key to success in the world of capital markets. LKH really enjoys his life as an individual investor. According to him, becoming a stock investor can make him rich, even if only by lying down. He also said that he would be an investor in the world of stocks all his life. It was recorded that in 2012 LKH had stock wealth of up to Rp2.5 trillion.
Lo Kheng Hong Wealth
You might wonder how much money Lo Kheng Hong has that makes him one of the richest people in Indonesia. As explained at the beginning, LKH since 2012 has stock assets reaching trillions. According to the information we obtained from the simulasikredit.com website, LKH divides almost all of the assets he owns to invest.
In fact, LKH only set aside 15% of the assets that he will use later for emergency funds. LKH has many stocks, but there are 2 stocks that give it greater profits. These shares include from PT United Tractor Tbk (UNTR) and PT Multibreeder Adirama Indonesia Tbk (MBAI). It is known that LKH bought shares of UNTR company since 1998 when Indonesia was experiencing a massive crisis. LKH also at that time suffered a loss that could be said to be very large because it almost swallowed up about 85% of its wealth. However, LKH did not give up and made the economic crisis for him an opportunity to continue to rise.
At that time, UNTR shares were bought by Lo Kheng Hong with all the funds he had. UNTR shares in 1998 at that time were only IDR 250 per share, LKH then bought 6 million shares in the company. If totaled, LKH will at least spend IDR 1.5 billion to pay that amount of shares. Within 6 years, LKH then sold his shares at around IDR 15,000 where he managed to get a fantastic profit of up to IDR 90 billion. After succeeding with UNTR shares, then in 2005 LKH bought its second share in MBAI. At that time, the share price in MBAI was only sold for IDR 250, LKH bought shares in MBAI for around 6.2 million with a total of IDR 1.55 billion. In 2011, LKH also sold its shares again by reaping a profit of 12,500% by selling its shares for Rp31,500.
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Lo Kheng Hong Preferred Stock
Behind his success with the stocks he owns at the beginning of the article, it turns out that Lo Kheng Hong also has several other stocks that he invests in. In this case, we quote from several sources what shares are owned by LKH.
- INKP (PT Indah Kiat Pulp & Paper Tbk)
LKH bought this stock around 2017 where the company's share price was IDR 1,000 per share, and rose to IDR 20,000. Within 1.5 years, LKh reaped a huge profit of around 1,900%!
- INDY (PT Indika Energy Tbk)
Lo Kheng Hong bought the company's shares in 2016. At that time, the stock had a very low trading price of around IDR 106 for one share. LKH is known to be the 4th largest shareholder in PT Indika which he held for 2 years. INDY shares in 2018 soared to Rp4,550 due to the factor of the increase in world coal prices at that time which triggered the increase in INDY shares. Therefore, LKH has also succeeded in reaping large profits of up to 4,000% in just 2 years.
There are several other stocks that are also owned by senior investors of LKH. According to data from KSEI, on November 14, 2022, there were 4 share ownership owned by LKH such as GJTL, BMTR, CFIN, and DILD. Where each stock also brings fantastic profits for LKH. CFIN's shares are known to bring profits to Lo Kheng Hong by 5.12% which he then distributed his ownership into 4 securities accounts. As for DILD shares, LKH earned a profit of 6.28 percentage points which he also spread to 6 securities accounts.
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Lo Kheng Hong is a role model for businessmen in the world of stocks. However, to be as successful as he could not be done with just a blink of an eye. Lo Kheng Hong has also failed many times. Consistency is the key to the success of a successful investor like LKH. However, you don't have to worry anymore! You can follow in the footsteps of Lo Kheng Hong by starting trading with GICTrade. In GIC you can also get other information about the world of forex by opening the GIC Journal which contains a lot of information and other learning about forex trading.
