EQUITYOPPORTUNITY

Saturday, September 28, 2024

Record Marathon : Oriental & Petron Dominate June! [1 Jun till 30 Jun 2022]

 Oriental opens the first salvo in June with a 9th sale on the 1st, handing over to the maiden '22 winner Mesiniaga on the 2nd for a 2nd sale, then onwards to the duo of Hextar Global & Jasa Kita, the 81st & 82nd winners respectively on the 3rd. Latest scalp Jasa Kita then went solo on Tuesday 7th Jun[after the market re-opened from the king's birthday holiday on Monday] with another partial sale between 14 & 14.5c of shares bought for 11.5c in Mar/Apr '21. Oriental reclaims the marathon baton on the 8th at close to $8, a price which would turn out to be the peak for the next couple of years, then threw the gauntlet on to Petron M'sia as it rebounded back above $7.20 for its own multi-year peak on the 9th. S'pore-listed Uni-Asia Group rewarded an early '16 entry at S$0.82  with an exit at S$1.08 for 83 winners continuing the run to 460 days in a row on 10th June. Jasa Kita grabbed a hat3rick on Monday the 13th, then passed the relay flame to Petron for a 7th time at a 40% mark-up to equalize the longest streak up to that point of 462 days consecutively in the daytime on the 14th, before sharing those equalizing honours with a lucky escape from UltraPro Short NASDAQ ETF[SQQQ] in the night during normal New York market hours:










                                        

MPHB Capital, repurchased in the low $1.40 range recently, was resold in the $1.50 region for a hat3rick on #35, breaking the abovementioned 43-month-old record for the longest stockmarket run. Oriental continued its exit from an 8-year-old position with an 11th sale on the 16th & continued on to its 12th delivery on the 17th. S'pore-listed Chip Eng Seng rewarded a late '20 entry at around S$0.42 with an exit at S$0.48 on Monday the 20th for a record 466 days in a row. Petron then took back the baton on Tuesday 21 Jun when it went ex-dividend  with a sale at around $5.50 for an 8th & final round. Fellow crude refiner Hengyuan Refining then assumed the role of winner #86 on the 22nd with a 9.6% gain over 2 days to bag 468 days, then handed the gauntlet back to #38 Oriental over the next 3 days for consecutive sessions #469 to #471, before new #87 PPB Group earned 2.6% return within 24 hours on Tuesday 28 Jun. Oriental was back in the proverbial driver's seat of the streak on the 29th for a 16th round to reach 473 days in a row. Kuchai then took the title of the 88th winner on the last day of June to set the 12th straight record!










 23 consecutive full months attained!

Record Marathon : Foreign Markets Deliver a Merry May [3 May till 31 May 2022]

 Markets being closed for the Labour Day & Muslim fasting holidays from 2-4 May, the first trading day of May saw Ewein, sold as #170 in Sep '21 & re-purchased in October re-exit for an over 20% gain crystallizing 436 consecutive days. Kumpulan Jetson, bought on the first day of '22 was sold on the 6th of May for a 14% return as #71 in tandem with a paring on new #72 APM Automotive:


Monday the 9th saw a Houdini-like escape from Japanese stock OKK [founded Osaka Kiko in 1915] & new #73 when it was sold for ¥1,301 after an ill-timed entry at ¥1,191 in early '18 courtesy of a takeover move from automotive giant NIDEC. It had fallen as low as ¥251 the previous September on very real bankruptcy fears. And so I earned the last dividend ever to be paid by the company as a listed entity in '18 while running away scot-free. Although the shares would go as high as ¥1,462 on takeover excitement, they would fall to only ¥885 on their last day of quotation in '23 when NIDEC completed their absorption in a share exchange [for my OKK stake, the no. of NIDEC shares would be laughably low & dividends negligible!]:
Oriental was hived a 7th time on 10th May & the third instance above $7 as the chart showed a consolidation between $6.90 & $7.20 with no guarantee of a continuation higher. On the 11th old shares of ILB were bid sayonara as they vaulted over 60c & solidified its threepeat: #131 / '20, #185 / '21 & #7/ '22 bagging 440 days consecutively:

Another Tokyo-listed security stepped in on the 12th: Credit Saison, purchased for the dividend was sold for a 12% capital gain, then passing the baton to Petron M'sia on the 13th for a 30% return just 2 months after an addition at $4.62. Insiders had gotten wind of a huge profit jump in the upcoming quarterly reports & had driven the stock through the $5 & then the $6 barrier within 3 days:

After the Vesak Day holiday[15th], Gas M'sia saw a partial sale of the 500 shares remaining from an old 2015 accumulated stake at over $3.07 after already gathering up many hundreds in dividends in the interim. A Hang Seng Index call warrant handed over a 41% return in 4 days in tandem with a 2nd sale of #5 Jiankun on 18th May to bag 444 days consecutively. #75 Petron M'sia then took over for the next two days as the shares vaulted over $7 & then over $7.50 on 19th & 20th May: 



Jeweler Tomei was re-sold five days after a reaccumulation just below $1 thus bagging a 2nd helping from #29 on Monday the 23rd. S'porean stock Hwa Hong was disposed 5 years post-entry at 33.95c in Apr '17 days after I accidentally discovered that it was the subject of a takeover by its substantial shareholder at a 40c offer: it exited at 38.5c as new #78 clinching 448 days in a row. Japanese automotive stock Topy Industries was disposed for a ¥200 gain five months after entry on the 25th as the 79th clinching 449 days while the streak reverted back across the Causeway on the 26th as Hong Fok Corporation was sold after 6 years for a 23% gain & continuing the coincidental 'matching number' pattern of March for 3 days running:



#38 Oriental was then hived off for the 8th time close to its 52-week zenith over $7.20 on Friday the 27th before handing off to #75 Petron M'sia again for a 4th time on Monday the 30th & a 5th time on the last day of May:


On my online vintage shop, sales burgeoned unprecedentedly almost immediately after the 17-month Covid international ban, yet I was troubled since February by 3 items returned due to the postal liquid restriction & it was around this time that I began to figure out that a steel container was all that was needed to block the X-rays at the customs checkpoints and sales flourished without snafus from then onwards! 



Record Marathon : Darkening War Clouds Threaten the Run in April [1 Apr till 30 Apr 2022]

April Fools' Day sees a duo double with #52 Heveaboard & #56 Rubberex jointly attaining 416 consecutive days, followed by another duo on Monday 4th Apr: MSM, bought carelessly on a gap-down in Feb just above 92c re-sold at 96.5c as new #57 after bagging the dividend & a 2nd sale of long-gestating #38 Oriental. My spirits were low as a housekeeper who was like a sister to me, far closer than my alienating direct 'family' had just left for home after 16 years working in the country. Regardless, Globetronics Technology, averaged down thrice to the $1.40 range, was partially sold on the 5th to bag 58 winners thus far. Keck Seng resumed the strange 'number matching' pattern from the previous month with a sale on the 6th, the 59th scalp reaching 419 successive days:



Japan's pharmaceutical giant Takeda Chemical became winner #60 to attain the 420 day of marathoning on the 7th, the last day of the strange pattern aforementioned, a 3.8% capital gain on top of a ¥90  dividend while becoming the most expensive Tokyo-listed stock ever purchased by me since my foray there five years prior; a title which was to be snatched by advertising giant Dentsu almost 2 years later! #38 Oriental delivered a hat3rick on the 8th with the first sale above $6.30:

White Horse, sold as #158 as it briefly vaulted above 80c in Oct '21, was partially re-sold near to 72c after two re-entries in the mid-60c range for #61 on Monday 11th Apr. YTL REIT, Techna-X, MPHB Capital & T7Global warrants featured for the rest of that week, bringing the consecutive session count to 426 & the stock tally to 64:




OSK Ventures Int'l featured as #65 on Monday 18th April with a partial sale & while the Tuesday religious holiday interrupted the run temporarily, Hwa Tai returned as #66 on the 20th after the previous year's 9 rounds, with a re-entry in Dec & Jan[at between 55c to 70c] bearing fruit with a sale above 70c after Monday's pop as high as 75c. OKA Corp came in as #67 on the 21st with another partial sale in the high 70c range while #38 Oriental, which had last earned a trading gain back in 2013, was sold a 4th time on Friday 22nd Apr for a maiden exit above $7 which was a multi-year high!



Watch retailer Marco Holdings exited finally after nearly 2 years as winner #68 on Monday 25th Apr while UMS Neiken did the same as #69 on the 26th. Oriental stepped in with a 5th helping on the 27th with another partial exit above $7, albeit slightly lower than the previous time. Old shares in #25 Bonia were sold again for the first time since February close to $2.40, while Oriental nabbed a sixth round with another sale to close out the month on the 29th: