Miracle Streak : Thong Guan scores a Maiden Win [ while Inch Kenneth Kajang could pop on Cepco's limit up]! {16th Mar '26}

 

Plastics packaging and F & B player Thong Guan serves up a first ever win, bringing the streak to the doorstep of another century mark, even as nervousness over today's public sale of ¥285.7 billion ofNintendo shares by 2banks puts pressure, additional to war bearishness, on the stock to drop below ¥10,000...

Today, I also increased my stake in Inch Kenneth Kajang, 15 years past its Centenary as a English listed plantation outfit domiciled in M'sia, based on its 20% stake in Concrete Engineering Products which was the only stock out of nearly 1,000 which went limit-up in the face of war bearishness. Buyers began to emerge in the former shortly after the latter reached the capped price for the first time since 2008 but it was inexplicably dumped down by 6-7 sen in the afternoon, perhaps by loss-cutters, yet heavy buying close to the day's highs returned for the first 15 minutes after 3pm.

Based on a partial writeback of a $43 million impairment of the latter, the former's price could pop by 16% of its current price if today's pop doesn't vanish tomorrow. It has however been in a 13-year bear market due to cumulative losses of $135.042 million since 2013, which gobbled most of its $180.8 million cash pile at the time. However, nearly $32 million was also spent on buybacks from 2013-2019, leaving a small cash position of $4.83 million at the end of '25, with the balance of $13.4 million perhaps used in lease, overheads & equipment expenditure. However, it has recouped another $33 million last year selling 14.91 acres of its 346 acres of landbank to Metro Kajang Holdings. Below is a tracking of the two abovementioned companies' stock prices & an AI-rendered estimation of potential upside to IKK's stock price: