EQUITYOPPORTUNITY

Monday, October 14, 2024

Record Marathon : Foreign Winners Abound! [1 Mar till 31 Mar 2023]

 Crude oil shipping giant MISC fires the opening salvo in March with a sale of half the shares averaged down to just below $7 on the 1st, before Bank of East Asia steps in again with a complete exit at just below the previous disposal on ex-dividend day on the 2nd. M'sia Smelting Corp[MSC] ends the week as the 33rd scalp clinching 638 days in a row with a half-sale of shares bought at $1.625 in January for $2.160 on Friday 3rd Mar:


#24  Solid Automotive exits completely on Monday 6 Mar with a 2nd sale before passing the baton to new #34 Pharmaniaga, which was speculatively purchased a week prior on announcing a massive quarterly vaccine-related loss, for a 24% return. Japan's SAXA, bought for ¥1,228 less than 2 months prior, was unloaded for ¥1,601 on the 8th & thence to #23 MYEG, sold for a 26% gain within a month of another speculative purchase into a sell-off like Pharmaniaga's. S'pore's OKP exited after 2 years & 2 dividends for a 20% return on Friday 10th Mar to snag 643 days consecutively as the 36th winner of '23:




#33 MSC completely exited at $1.99 on Monday 13 Mar, followed by new #37 Tomei Consolidated for a 20% gain on the 14th. 22-time winner Oriental Holdings completely exited as #38 on the 15th while new #39 Berjaya Corp was sold for a small gain on the 16th. Beverage giant F&N M'sia was sold for a 23% return on Friday the 17th to attain 648 days consecutively before handing the marathon baton across the weekend to stockbroker Kenanga Investment Bank on Monday 20th Mar :




2020/2021's big % gainer Cheetah propagated the run on the 21st with a re-sale of shares bought for 11.8c at 14.5c while #39 Berjaya Corp was sold for a 2nd time above 30c on the 22nd. #40 F&N M'sia attained its own 2nd round with a sale higher than the 1st on the 24th, passing the baton on to new #43 JHM Consolidation for a marginal gain within days of entry on Monday 27th Mar. Cheetah continued to reward the Dec '22 re-entry on the 28th with another sale at 15c. On the 29th, Iskandar Waterfront City[IWCity] rewarded the 4-time relentless averaging down since '21 to as low as 36.44c with a sale of 3/4 at an average of 45.84c before handing to two Tokyo-listed stocks to end the week & month: Shikibo, whose shares came from an share-swap takeover of Shinnaigai purchased in Nov '20 & sold on the 30th ex-dividend date, followed by 3-year holding Okasan Securities on the last day, Friday 31st March:








Incidentally, this was also the first ever back-to-back foreign stock winner occurrence!

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