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!

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