The share price of PCCS Group Berhad (PCCS) has risen from below 20 sen in the beginning of the year to a high of 49 sen on 1^stApril 2019, making it one of the best performing stocks in Bursa Malaysia this year.  The company warrant, PCCS-WA, performed even better rising from around 4 sen to a high of 17 sen within this period of a little more than 3 months.  The strong gain in share price was supported by the surge in the Group’s earnings despite lower revenue number.  PCCS and its warrant closed at 46.5 sen and 16 sen respectively on 2^nd April 2019.

PCCS has been in the garments manufacturing business since 1973.  The Group has over the years continued to enjoy a good reputation for producing quality products and services to reputable international customers. This led to the subsequent establishment of the packaging and other apparel related businesses including embroidery services, labelling, fabric knitting, plastic packaging, silk screen elastic webbing etc. 

The volume traded on Straits Inter Logistics Berhad surged in the last few weeks as a substantial shareholder CBL (Malaysia) Sdn Bhd disposed its holdings in the company.  According to announcement made to Bursa Malaysia, CBL (Malaysia) Sdn Bhd sold a total of 32.65 million shares, representing more than 5.2% of the company between 12^th March to 20^th March and ceased to become substantial shareholder of the company.  It should also be noted that the Managing Director of the company Dato’ Sri Ho Kum Choy has been adding to his stake in the last few months.  The volume traded remained high after 20^th March as the share price of Straits Inter Logistics reached a 52-weeks’ high of 28.5 sen on 26^th March 2019.  The mother share closed at 27.5 sen on that day while the company warrant STRAITS-WA ended trading at 17.5 sen.

The price of the company warrant of Daibochi Berhad (DAIBOCHI-WB) plummeted after Scientex Berhad entered into a Heads of Agreement on 14 November 2018 with certain shareholders of the Company to acquire 42.41% stake in Daibochi for a total purchase consideration of RM222.50 million (equivalent to RM1.60 per Sale Share) to be satisfied entirely by issuance of new ordinary shares in Scientex at RM8.80 per share based on the exchange ratio of 1 new Scientex share for every 5.5 Daibochi shares held.  Pursuant to the Malaysian Code on Take-overs and Mergers 2016, Scientex would be obliged to extend a mandatory take-over offer to acquire the remaining shares in the Company not already held by Scientex and persons acting in concert with Scientex at the same considerations.  Daibochi share price was hovering around RM2.00 prior to the announcement of the acquisition and the price fell after the acquisition was done at a discount.  DAIBOCHI-WB suffered a much bigger fall as the offer price for the warrant by Scientex was only 1 sen. 

The share price of Dancomech Holdings Berhad has been rallying since the company announced a good set of earnings for the financial year ended 31^st December 2018.  The share price has been rising from 49 sen on 26^th February 2019 when the results was announced and the pace accelerated on 12^th March when Dancomech rose almost 10% in a single day to close at 67 sen on heavy volume.  The company warrant DANCO-WA managed an even better performance rising close to 20% on 12^th March to close at 43 sen.