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Revenue-wa: To lock in gains, go to warrants

Revenue Group Berhad has been one of the best performers in Bursa Malaysia over the last one year.  The company was only listed on the Ace Market of Bursa Malaysia in the middle of July last year at an IPO price of 37 sen.  In slightly more than a year, initial subscribers of the company share would have more than tripled their money with half a warrant to spare.  Revenue Group gave its shareholders a bonus issue of warrants on the basis of one free warrant for every two shares held in January earlier this year.  At the close of trading on 23rd July 2019, the mother share and the warrant REVENUE-WA closed at RM1.68 sen and 70 sen respectively.

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.

 

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.

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