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WIDAD-WA may gain more than mother share

The securities of Widad Group Berhad attracted some interest recently as the normally quiet counter saw a surge in volume earlier this week.  The mother share broke above the tight range between 22 and 23 sen in the last two weeks to close at 25 sen on 17th July 2019 with volume of more than 7 million shares which was the highest since April.  The company warrant WIDAD-WA did much better, surging 25% on the same day to close at 7.5 sen.

HOMERIZ-WB : Switching to New Warrant

The new warrant of Homeritz Corporation Berhad, HOMERIZ-WB, made its debut on 9th July 2019 in volatile trading when traders were seen switching to the new warrant from the old warrant, HOMERIZ-WA.  After opening the day at 20.5 sen, HOMERIZ-WB traded as low as 12.5 sen during the day before closing relatively strong at 19 sen.  Homeritz mother share also ended trading on 9thJuly up more than 7% at 67 sen.  HOMERIZ-WA, however ended up as the big loser of the day closing down 18% to close at 4.5 sen.

EDEN-WB : Kuantan land sale a magnet

The share and warrant of Eden Inc. Berhad attracted investors’ interest earlier this week with volume surging many folds from the weeks before.  This may be fueled by talks that the company may be able to monetize its 450 acres of industrial land situated in Kuantan from the ECRL project.  This piece of land is carried at book value of about RM165 million while recent transactions around the area were done at much higher value than the carrying cost.

BAHVEST-WA: Gold mining attracts interest

The share of Bahvest Resources Berhad attracted investors’ interest recently and the mother share price rose to 73 sen, just shy of its 52-weeks’ high, earlier this week on heavy volume.  This may have been prompted by the company’s latest financial results that was released at the end of May.  The prices have retreated slightly since.  At the close of trading on 25th June, Bahvest Resources’ mother share and warrant (BAHVEST-WA) were last traded at 69.5 sen and 42 sen respectively.

PASDEC-WA : Out of Africa?

The securities of Pasdec Holdings Berhad resumed trading on 12th June 2019 after the company released its latest Annual Report.  Bursa Malaysia suspended the company’s securities from trading since early May as Pasdec was unable to issue its 2018 Annual Report within the stipulated timeframe of 30th April 2019.  Pasdec stated that it was unable to release its Annual Report on time due to the additional information required by the external auditors of Pasdec Resources SA Ltd.  (PRSA), a subsidiary of the Company in South Africa, to enable them to finalise the audited financial statements of PRSA group for the financial year ended 31 December 2018. 


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