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M3TECH-WA : Poised to Recover After Post Rights Issue Sold Down of Mother Share

As the stock market sentiment improves and retail investors back in action, stocks which have been battered down are attracting investors’ attention again.  One category of stocks which investors are looking at are those stocks which share price had been sold down from a previous rights issue and trading below the rights issue subscription price.  Some of the stocks falling into this category which had performed well recently include Boon Koon Group Berhad and Prinsiptek Corporation Berhad.  M3 Technologies (Asia) Berhad is another counter that fits into this category and has recently started to move up from historical low price following the sell-down after the company rights issue last year.  M3 Technologies closed at 7 sen on 29 March 2017 after recovering from historic low price of 4.5 sen recorded at the end of November last year.  The company warrant M3TECH-WA closed at 3 sen.


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