In Front Of The Boss Of Cat Avian Conglomerate Hermanto Tanoko, Lo Kheng Hong Said He Was Not Interested In The Collection Of The Precious Blue Chip Stock 'Mercy'

Lo Kheng Hong. (Photo: Screenshot of Hermanto Tanoko's YouTube channel)

JAKARTA - Seasoned investor Lo Kheng Hong is a guest on the podcast of the conglomerate from Surabaya who is also the boss of Cat Avian, Hermanto Tanoko. In the podcast, Hermanto explores Lo Kheng Hong's experiences while working in the stock market world since 1989.

What Hermanto Tanoko focuses on is which sector stocks are the prima donna for Lo Kheng Hong. One of the questions Hermanto Tanoko asked was whether Lo Kheng Hong collects blue chip stocks, considering that the average blue chip stocks are Mercy stocks at Mercy prices.

Lo Kheng Hong, the man who is referred to as Warren Buffet Indonesia, only gave information that he did not buy Mercy shares whose price was also Mercy.

“Mercy is the price of Mercy, no. But if the Mercy is the price of the Avanza, or the price of the Bajaj, I buy it. You don't have to pay for Bajaj, I'll just buy the Avanza," said Lo Kheng Hong.

Hermanto Tanoko again reiterated the question to the man who is familiarly called Pak Lo, is it true that he is not interested in giving Mercy shares at Mercy prices even though the growth is consistently 24-30 percent.

"Even though Mercy costs Mercy, the company is consistent with good growth, it can be 24-30 percent, for example, Mr. Lo isn't interested either?" Hermanto Tanoko asked Lo Kheng Hong.

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"I'm not interested," replied Lo Kheng Hong.

"So if it's good, it's expensive, I don't buy it, I don't buy cheap, I don't buy it, especially if it's ugly and expensive, I don't buy it. I buy good and cheap ones, there are criteria," added Lo Kheng Hong.

Blue chip stocks are shares of large companies whose profits are stable. Blue chip stocks have several characteristics, one of which is having a large capitalization.

This large market capitalization can make it difficult for investors to manipulate prices. Blue chip stocks also have good liquidity.

This liquidity is influenced by the number of shares owned by the public or outstanding on the Exchange. The more public shares ownership, the more liquid the shares will be.