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My observation on the recent sell-down on Inari was actually a strategical planning by KWAP (kumpulan Wang Persaraan). It is predicted and actually told by the management that the 3rd quarter (Period end at 31 Mar 2016) will be the worst one. As a result, KWAP was waiting for the right timing to sell-down the stocks to create a panic selling by other traders/small fishes because everyone (especially who don't know that the 3rd quarter will be a bad one) thought inari will sharp drop like Gtronic.


From the chart and shareholding changes, it is clear only KWAP was selling down the stocks. But recently KWAP bought back majority of the shares that they had disposed during April and Inari stock price is coming back to the normal level.

On the other words, the recent big volatility of inari stock price was caused by KWAP , and since they are accumulating back the stocks, we should re-assess back the fundamental of Inari and decide if we should invest in it or not. 

on my personal view, the short term view on Inari is very promising. 


Below were the transactions done by KWAP.

Type of transactionDescription of OthersDate of change
No of securities
Price Transacted (RM)
Acquired13 Apr 2016
500,000
Acquired14 Apr 2016
2,233,300
Disposed15 Apr 2016
30,000
Acquired15 Apr 2016
2,000,000
Acquired19 Apr 2016
141,500
Disposed19 Apr 2016
2,800,000
KWAP started performed massive sell-down on 19 April 2016
Type of transactionDescription of OthersDate of change
No of securities
Price Transacted (RM)
Acquired20 Apr 2016
500,000
Disposed20 Apr 2016
3,700,000
Acquired21 Apr 2016
53,200
Disposed21 Apr 2016
3,000,000
Acquired21 Apr 2016
441,000
Acquired22 Apr 2016
47,400
Disposed22 Apr 2016
64,400
Acquired25 Apr 2016
47,900
Disposed26 Apr 2016
1,292,700
Disposed26 Apr 2016
2,000,000

on 27 April, KWAP Sold 3070000 shares and bought all of them back. it can be witnessed in the stock chart that on that day a hammer was formed.
Type of transactionDescription of OthersDate of change
No of securities
Price Transacted (RM)
Disposed27 Apr 2016
3,368,283
Acquired27 Apr 2016
3,070,000
Disposed28 Apr 2016
1,913,300
Disposed29 Apr 2016
80,000

KWAP started buying back a lot on 10 May 2016
Type of transactionDescription of OthersDate of change
No of securities
Price Transacted (RM)
Acquired10 May 2016
2,077,700
Type of transactionDescription of OthersDate of change
No of securities
Price Transacted (RM)
Acquired13 May 2016
500,000
Acquired16 May 2016
500,000
Acquired17 May 2016
800,000
Type of transactionDescription of OthersDate of change
No of securities
Price Transacted (RM)
Acquired18 May 2016
1,000,000
Acquired19 May 2016
450,000
Acquired20 May 2016
276,900
Type of transactionDescription of OthersDate of change
No of securities
Price Transacted (RM)
Acquired25 May 2016
3,000,000
Disposed25 May 2016
866,600
Acquired26 May 2016
195,200
Acquired27 May 2016
1,000,000

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