Miraculous Streak : 52 Full Months in the Run ! 28 - 29/11/24

 #102 Genetec delivers 2 days in a row on the 28th with a complete & profitable exit after 3 months with the first dividend since 2019 as a 'Thank you for playing!' farewell gift. The next day, 29th Nov, was the last trading day of the month and also the neat wrapping up of the fifty-second complete month in the ongoing marathon of stock trading gains, thanks to new #103 Teo Guan Lee, the last five hundred shares of which were disposed of 2 days after ex-dividend & thus closing its re-entry in 2022 subsequent to attaining the mantle of 2nd Top Earner of 2021:

The record thus stretches to 1,077 days consecutively on the cusp of the final lap of December, awaiting the attainment of an unprecedented 4 full years!

Miraculous Streak : A Long-Desired Gain on Genetech Manifests ! 26 - 27/11/24

 Out of fear that it would drop below my newest adjusted cost price, scorer #7 YTL Corp was hived down to just 178 shares on the 26th at an average of $1.915 before it handed the baton to Genetec Technology, a stock that I had long harboured a desire to earn from, on the 27th when it surged by limit-UP. Despite selling some a little too early, my average sale price for 70% of the investment averaged down thrice in Aug & Sep was a not too shabby $1.1029, despite losing on paper by as much as -37.8% at its lowest & being in the red during all of the interim waiting period! A dividend paid while waiting covered 64% of all the trading commissions up till then, while if the capital gain was added on, it covered 132% of the same commissions. 

 

Miraculous Streak : 14 & 17-timers propogate the Run ! 22 - 25/11/24

 YTL Corp, the 7th scorer in 2024, is sold a 17th time to conclude the 207th full week in the burgeoning record streak on Friday Nov 22nd, while Kuchai, the 51st winner, is  pared Monday on the shares re-purchased at 78.5c the previous Thursday to earn the latest contra gain, 175% more than the loss incurred on the shares sold at $2.03 that Wednesday:

 

Miraculous Streak : Marching ON despite a Soured Bet ! 20 - 21/11/24

 Jeweler Tomei Consolidated, the 54th scorer of '24, is sold down to 200 shares on the morning of the 20th. That afternoon, 51st scorer Kuchai, which was re-entered at $2.07, is cut by 42% at $2.03 due to a 100% certain big adjustment in price post-Sungei Bagan share entitlement the next day for a loss of less than $58 and so the same sister company, the maiden winner of the year, is pared by 50 odd lots at $5.35 to offset that loss & ensure the continuation of the streak to 1,070 days consecutively.

Sungei Bagan contributes two days in a row the next day with another sale, the 14th, of 100 shares at $5.58, pre-empting the possible dumping of the free shares allocated from Kuchai when they are scheduled to list in early December. Ergo, 1,071 days in the marathon run!

Miraculous Streak : Great Expectations Fulfilled ! 18 - 19/11/24

               Notion VTec, sold as #25 for only 1/3 of its October price early in'24, even after a precipitous drop by 2/3, finally bids farewell with a final exit at $1.17 after a re-entry from 87-92c in the previous two months to secure 1,068 consecutive days for the streak, which extended to 1,069 the next day, 19th Nov, with a 12th sale of #1 Sungei Bagan at $5.59 as it was continually pressured by market anticipation of nearly 27 million shares due to come onto the market via the recent Kuchai shares-for-assets swap: 

                                         

Miraculous Streak : The FIRST EVER Foreign[Japanese] Stock Hat3rick ! 14 - 15/11/24

 Hot on the heels of Daiwa Heavy's hat3rick win going into its MBO takeover bid, Panasonic Holdings, the parent company of occasional local scorer Panasonic M'sia clinches the 12th consecutive annual Century by becoming the 100th winner of 2024, in tandem with 7th winner YTL Corporation, which was sold at $2.04 down to just 443 shares, to reach 1,066 days in a row. 

Late in the afternoon of the 14th, I discovered to my great delight that another takeover had been launched for a stock I had purchased about a fortnight before the Japanese market was caught off guard by the sudden violent unwinding of the yen carry trade that climaxed on Aug 5th with the Nikkei plummeting an unprecedented 4,451.28 points! Gantan Beauty Industry was courted by a suitor the day before after the market close for a nearly 39% premium to its closing price on the 12th & closed at its limit high of  ¥1,901, and on the 15th was sold for a few yen short of its highest of ¥2,081. Those Nipponese gamblers who chased its stock ramp to a peak of  ¥6,490 on 17th Apr '23 & ¥2,649 on 15th January '24, as well as those who bought throughout May & June last year plus the holders from early & late Sep '23 and also those who bought on the way down in Jan & Feb have their paper losses crystallized for good! Such is the capriciousness of the stockmarket!

Regardless, my first ever foreign winner hat3rick of consecutive days was joyfully bagged to reach 1,067 days consecutively in the marathon, not to mention the shortest ever duration between successive takeovers: 3 days! :

Miraculous Streak : The Millennium Stock Scores[Again] & Daiwa Heavy Hat3ricks ! 12 - 13/11/24

 YTL Power, which clinched the Millennium mark in the ongoing record run on 13th August, delivered a 4th time to reach 1,064 days in a row on the 12th with a final EXIT at $3.20 on ex-dividend day: 

Daiwa Heavy, as detailed in another blog post on 13th November, scores thrice within 15 months a day after YTL Power, wresting the title of 2nd biggest Japanese earner in my first 88 months there from Teraoka Seisakusho, another takeover target & the big scorer from last November and is set to end its 62-year stockmarket listing. Curiously, Sekonic, the Numero Uno in that ranking by about ¥5,000, was also courted by a predator in the same month of November, 3 years prior, making all of the Top 3 buyout targets!

Miraculous Streak : An Old Friend, and a New One Propogates the Run ! 8 - 11/11/24

 
An old plantation winner, TSH Resources, which earned a trading gain way back in October '22, rewards a speculative purchase based almost exclusively on Crude Palm Oil[CPO] prices surging past the RM 5,000 per tonne mark with coffee monies on the 8th to close a most interesting week for the world. It brings my trading career to the brink of  12 consecutive years of >100 winners by taking on the role of the 99th scorer!

SHL Consolidated, scoring for the first time on Oct 15th, is pared down to the last 100 shares with another well-timed sale at $2.61[currently over 6% lower] & earning 27% on top of 2 generous dividends to attain a streak that is 1,063 successive days long on Monday 11.11.24!

Miraculous Streak : Marching from the 1st Trump Presidency into the Second ! 6 - 7/11/24

 By 2pm on 6th November, it was already clear that the American people from the lower economic strata had swung more towards the former President to assume alternate terms for the first time since 1892. Maiden scorer Sungei Bagan was again pared an eleventh time at $5.87 to reach 1,060 days in a row & counting for the record marathon run!

'24's 24th scorer Hexza returned again on the 7th to perpetuate the run with a complete exit of 351 shares in my Maybank IB low commission account to avoid a dividend crediting fee should the stock be held past 12th Dec. Interestingly, I used my other trading account to lure buyers in the odd lot market: taking a gamble that some mischevious trader would throw 1 unit when I queued to buy at $1.01[as often happened]. Instead, a buyer of 95 queued above me at $1.05 & I happily disposed of all 51 odd lot units to them while withdrawing the $1.01 queue!:

Miraculous Streak : Jasa Kita does a 7th Good Deed ! 4 & 5/11/24

 

This little-known stock, controlled by low-profile Tan Hua Choon, is part-sold again at 18c after already dishing out dividends of 1 & 2c in the space of 3 months out of its cash pile of almost 12c, constituting an 18% dividend return within mere months just two days before an election to decide the leader of the 'free' world. It  thus delivered a wins in 3 out of the 4 years covering 2021-2024 & also thrice in 2014 when it surged to a high of 28.5c in August!

8-time winner Hexza follows on the 5th with another sale in my low commission Maybank IB account at $1.17.

On a day filled with RED 🔴 in 🗾, Gantan Beauty 元旦ビューティ is the [4th] FAIREST of them all!

 With the festive mood from scalping Daiwa Heavy Industry 大和重工 a 3rd time still barely faded, roofing materials maker Gantan Beauty 元旦ビューティcatches me unawares when a suitor makes an overnight bid [on the selfsame Nov 13th when I disposed of the former] to buy it over for a 38% premium to its last traded price & allows me the option to free myself from a rather ill-timed speculative long position taken just eleven days before 2024's 'Black Monday' which saw the Nikkei historically plummeting more than 4,400 points!

Thus, my NINTH 🗾 takeover involvement is virtually in the bag come Friday the 15th!!! It is potentially the 18th scalp originating there this year and the 68th since July 2017.

Miraculous Streak : November opens with a Double Record! 1/11/24

 

After milking 8th scorer Naim Holdings to the max, it was decided to finally pare my last shares down to ZERO for the 1st time since 1H '15, attaining a record-smashing twenty-five rounds the day after the Diwali market break by beating the joint 22 servings from biggest earner Sino Hua-An in the blockbuster 2017 calendar year as well as the same number courtesy of Oriental Holdings in 2022!

In Hindsight, My Prediction for soon-to-be Hat3ricker Daiwa Heavy was SMACK ON!!!

 On Oct 29th, I put my money where my mouth was by re-purchasing '23 miracle stock Daiwa Heavy 大和重工, one of a handful of equities that I managed to sell right at the very peak price of ¥2,010 on Aug 31st last year[earning 144%] & then reprised the win with a repurchase & resale of 7-month-held shares at ¥1,747, gaining another 56.5% in the process[NCK, long since delisted, was another I managed to sell at its ultimate rebound high of $2.16 in early 2000]. 

In mid- October, I felt a slight urge to re-enter below ¥1,100 but held back due to an excess of cautiousness ahead of the US election uncertainty, mindful of the prior months-long slow attrition that included a missed opportunity in July & a plunge of almost 30% below my 2nd re-entry on 'Black Monday', August 5th. The price popped just short of my prior sale & then gently sagged to around the ¥1,200 level before I finally heeded the inner prompting to buy, well aware of the sketchiness of its earnings record & the possibility of holding for months, maybe years. My main justification in the bullish Tuesday blog post was technical, yet even the upper trendline was drawn spot-on accurate in its forecasting a target just above ¥1,600!

At first, it immediately wilted by up to ¥100 over the next few trading days, but, after reporting a typically uninspiring set of earnings after yesterday's close, also announced a surprise takeover offer[MBO] by a company set up by the original founding family called T-One, at ¥1,620, a 41.5% premium to the closing price which was also at a 46.6% discount to its last reported book value. It's widely speculated that this attempt was to circumvent the Tokyo exchange's recent requirement for measures to bring the company's stock price up to 1X book value since its business as a iron-casting specialist in making bathtubs, outdoor cookers & manholes has no conceivable catalyst to elevate investors' interest in the stock.

And so comes to a close the 63-year trading history of a company that was founded in 1920 in Hiroshima & listed in November 1961. The buyout launched seems timed to coincide with the exact anniversary of its stockmarket debut, during which it rose to as high as  ¥6,500 shortly post-listing, dropped to as low as ¥340 in Dec '64 & catapulted to a zenith of  ¥15,700 during the Bubble Era. It's  slightly bittersweet for me as the number of times I can profit from trading this lucky stock will be frozen permanently at THREE, which improbably occurred in the space of 15 short months: the briefest window of time in which 3 scalpings of the same company occurred out of my 66 Japanese winners thus far. By contrast, it took Katsuragawa Electric a 6-year span to score thrice & major investment bank Nomura took a few months less than that to attain the same feat! Strangely enough, this sale comes on the exact 5th Anniversary of that thrilling disposal of Nishishiba[see below] shares 19% above the eventual takeover bid!!!

Daiwa Heavy constitutes my EIGHTH Nipponese takeover play since my debut in the Tokyo Stock Exchange on July 4th 2017, with the prior ones listed below:

1. Nishishiba [taken over by #1 shareholder Toshiba in Nov '19 for a 71% premium: the most memorable because 62% of my shares exited at the 2nd consecutive stop HIGH of ¥300, just below its 2011 high of ¥311, with the buyer of those shares, anticipating a bid north of its ¥362 book value, suffering an immediate 20% loss when Toshiba's board decided within an hour of the market close to set the offer price at ¥240 !]

2. Shinnaigai [ absorbed by Shikibo via a share swap in '21]

3. Sekonic [acquired by 2nd largest shareholder TCS for a 163% return in 50 mths: Nov '21]

4. OKK, founded as Osaka Kiko [ bought by NIDEC via a share swap in '22; sold barely profitably earlier]

5. Teraoka Seisakusho [ MBO-ed in Nov '23 for a 49% return in 46 mths ]

6. Chuo Built [ bought over by Asahi Kasei at +32%, in Dec '23 after just 3 mths]

7. Soshin Electric [taken over by Taiwanese shareholder Kamaya E. in Mar '24:+38% ]

Epic Streak : October Blues [1 Oct till 30 Oct 2024]

My last shares in property developer KSL exit on the first of the new month & then handed off to #85 Celcom Digi & new #93 CB Industrial Products for consecutive days[2nd & 3rd] before #1 Sungei Bagan swooped in for an 8th round on Friday the 4th: 

 S'pore's Jiutian Chemical made an appearance for the first time in nearly 4 years on Monday the 7th  with a partial sale of shares bought a few months prior for a 51% increase[ incredibly occupying the selfsame slot of No.94 from 2020!] & then handed the baton to #31 Jaya Tiasa for a 4th round on the 8th. A too early sale of  #83 PBA Holdings in August was somewhat compensated for on the 9th with a sale of odd lots at $2.16, clinching 1,040 consecutive days. Sister companies Kuchai & Sungei Bagan then closed the gaps of the streak on the 10th & 11th to conclude the week at 1,043 days straight:

OSK Holdings was again pared for a fifth time on Monday the 14th while SHL Consolidated filed in for the first time ever on the 15th with a partial sale at $2.67 of shares bought for $2.05 the prior year. #8 Naim then reached 24 rounds on the 16th before handing the baton off to #82 Public Bank for a 4th round sale on the morning of the 17th before a synchronistic reminder from a dealer of the last day of trading for rights options on 2022-purchased Ann Joo[#96] allowed these to be sold in the afternoon to jointly clinch the streak continuation. Singaporean stock Wee Hur then rather unexpectedly sealed up the week with an improbable 9+ year victory with a sale of shares costing 40c from Feb '15 half-disposed at 44.3c on Friday the 18th after 14 dividends: 

#94 Jiutian Chemical then perpetuated the run on Monday the 21st with another hiving at a lower price of 3.2c before Hexza intervened with a 7th sale at $1.17 to bag 1,050 consecutive days on the 22nd. New #97 Wee Hur was then pared to only 15% of the original 2015 position at the intraday peak of 54c on the 23rd before OSK was hived down to just 88 shares on the next day, with #33 KLCC Property/REIT filled in the gap on Friday the 25th:

Tokyo-listed Tomita Electric then stepped up to the plate on Monday the 28th with a slightly premature sale for a 37% gain over 11 months as the 98th winner, with 1st scorer Sungei Bagan & 4th winner Kossan Rubber closing out the month on the 30th, with Oct 31st being a market holiday with the Diwali festival for Indians.

Epic Streak : The First Moon Beyond the Millennium! [2 Sep till 30 Sep 2024]

Naim opened accounts in the birthday month of September with a 23rd sale at $1.26 on the 2nd, while takeover target MPHB Capital assumed the 86th winner's slot the next day with a 1/3 sale nine sen below the proposed payout level before #77 Jasa Kita stepped in a 6th time to extend the run on the 4th:

#85 Celcom Digi resumed the run on the 5th with a 2nd sale at $3.71 on ex-dividend day, then handed the baton back to most recent winner MPHB Capital for a 2nd paring at $1.61 for 1,018 successive days coinciding with the most significant birth Anniversary on the 6th! Maiden scorer Sungei Bagan then swooped in for a 7th paring at $5.92 on Monday the 9th, with first-time winner & #82 Public Bank then taking up the slack the next day, followed by new #87 & 3-consecutive-year-hat3ricker APM Automotive & then a 2nd sale of #84 CIMB for $8.26 on the 12th. Odd lots of new 88th scorer Bahvest, bought speculatively & mostly sold in short order the previous year, were fortuitously hived for over 50% more than prices in the board lot market on Friday the 13th:

The very next week witnessed a higher level of excitement as long-coveted Bukit Sembawang debuted after over 30 years of trading markets, as the 89th winner of '24 with a half-paring of shares bought just over S$3.51 in July to secure the once-yearly dividend for a 7% capital gain in less than a quarter. It then ceded the streak to #4 Kossan Rubber for a 6th sale at $2.25 the day after President Biden announced a 50% hike in tariffs on China exports including rubber gloves. The excitement climaxed the next day, 18th September, with a beautifully timed sale of  #90 Daiwa Heavy Industries as the Japanese maker of iron castings & enamelled bathtubs echoed the spectacularly miraculous exit at the top on Aug 31st 2023 with a sale at ¥1,747 of shares purchased for ¥1,116 eight months prior. #12 OSK Holdings was mincingly pared a 4th time at $1.58 on the 19th, followed by a 7th sale & complete exit from #65 MUI Properties at 44.5c after I grew impatient waiting for it to hit my original 50c target for the stock, which it eventually exceeded by 1c mere weeks later! Ergo, 1,028 successive days in the marathon!

The following week saw a similar number of foreign winners but opened with a hat3rick sale of Petronas twin towers owner & #23 KLCC Property/REIT on the 23rd, marking the 30 Year Anniversary of my participation in stockmarkets with the first opening of my account in the old Stock Exchange of Singapore on 21st Sep '94! #51 Kuchai stepped in with a twelfth sale at $2.00 of odd lots remaining from a margin account bet at over $1.91 two years prior, shares which were subsequently averaged down to below $1.80, including intervening interest costs, with aggressive purchases early in '24. Japan's Nichiwa Sangyo 

日

和産業

 then did the honours on the 25th with a complete exit as #30 after debuting much earlier in the year.  Resurgent #34 Petra Energy was then disposed after securing the latest dividend on the 26th, while #55 Kerry Properties exited, albeit a little too early, on Friday the 27th to attain an unbroken string of 1,033 days of trading income from stocks!  

The last day of September, Monday  the 30th, witnessed a double win with the nearly complete departure of #19 Tenaga Nasional with an 8th sale of 30 shares in the odd lot market for a significantly higher-than-market price of $15.20! That night, US-listed Alibaba shares earned some moolah 3 years after its Hong Kong-listed shares served up two wins to jointly reach 1,034 days consecutively in the marathon!

And so, the marathon runs to FIFTY consecutive complete months!!!