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PENSONI-WB: Share Price Surge Despite Lower Profit

The share price of electrical and electronic appliance maker Pensonic Holdings Berhad has been inching up after the company announced its fourth quarter results for FYE 5/17 on July 25.  This is despite the company recording lower profit.  From the closing price of 63 sen on that day, Pensonic’s share climbed more than 13% to close at 71.5 sen on 9 August 2017.  Its company warrant PENSONI-WB did not outperform the mother share price rise during this period and only managed a 10.4% rise to closed at 26.5 sen on 9 August. This may have been due to a 2 sen dividend which was announced by the company where the warrant holders are not entitled to.

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