EQUITYOPPORTUNITY

Saturday, September 28, 2024

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! 



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