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Chua Ma Yu is perhaps the most influential individual investor in Malaysia. He is a one-man institution whose every investment is watched by the market that he knows inside out. With only his own wealth to worry about, he is far bolder than other institutions. If he believes in a company he invests heavily in it, but never buys more than 5% ? his concession to risk management.
An accountant by training, Chua is best known for co-founding with Rashid Hussain the highly successful Rashid Hussain Securities (now RHB Securities) in 1983.
Modest beginnings
When Chua started his career in 1975 in the back office of GP Securities (now part of Public Bank), as a financial controller, stock quotes were written on a black board with chalk. He rose to become a senior dealer serving institutional clients, high-net-worth individuals, and the Chinese community, which is how he met Rashid, then a client fund manager at the Bank Bumiputra group.
Chua persuaded his client that they should launch a brokerage business.