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Global Derivatives Articles

EFORCE-WA: RM100 mil cash reserves upon expiry

The share price of Excel Force MSC Berhad has fallen off the cliff ever since the change in government took place last May.  Due to the substantial shareholders of the company being perceived as close to the previous administration, Excel Force share price has plummeted from above RM1.00 to as low as 33.5 sen.  While there were some rebounds and volatilities in the last 12 months, the share price of Excel Force is still hovering around 40 sen as the company warrant EFORCE-WA approaches the last month of its existence.  At the close of trading on 11th June 2019, the mother share and warrant of Excel Force were trading at 41 sen and 4.5 sen respectively.

 

GADANG-WB – Relatively High Valuation Affect Attractiveness

The share price of Gadang Holdings Berhad has staged a strong rally in April on the news that East Coast Rail Link (ECRL) has been revived and the company was said to have submitted its bid for jobs in ECRL.  The Company had on 18th  April announced that Gadang Engineering (M) Sdn Bhd,  its wholly-owned subsidiary had entered into a pre-bid consortium agreement with Million Rich Development Sdn Bhd, a wholly-owned subsidiary of DWL Resources Berhad to work with each other to bid for infrastructure projects and if successful, will jointly undertake a contract for such infrastructure works.  The share price of Gadang rose to as high as 96 sen on 22 April from under 70 sen in the beginning of April.  It has since retreated to hover around 80 sen for most part of May before staging a rally at the end of May to close the month at 86 sen.  The company warrant, GADANG-WB ended at 31.5 sen on 31st May 2019.

TEOSENG-WA: Affected by lacklustre debut of Leong Hup International

Teo Seng Capital Berhad’s share attracted investors’ interest in the earlier part of May 2019, reaching a 52-week high of RM1.43 on 9thMay following stronger earnings and in anticipation of the debut of the biggest IPO of the year of Leong Hup International Berhad.  Teo Seng Capital is a subsidiary of Leong Hup International.  However, after Leong Hup International made a less than impressive debut on Bursa Malaysia and sliding below its IPO price, the mother share and warrant of Teo Seng Capital came under heavy selling pressure.  This was also not helped by Leong Hup International disposing Teo Seng Capital shares in the open market in the middle of the month.  Teo Seng Capital share and warrant ended trading on 28th May at RM1.05 and 24.5 sen respectively.

KOMARK-WB : Arbitrage Opportunity

The share price of Komarkcorp Berhad staged an impressive rally in the last couple of months, rising from 16.5 sen on 1st March 2019 to as high as 39 sen on 3rd May before settling at 29.5 sen at the close on 14th May.  The company warrant KOMARK-WB also rose from 2.5 sen on 1st March to as high as 9 sen on 3rd May.  However, KOMARK-WB has experienced steeper decline than mother share lately perhaps due to its relatively short tenure.  KOMARK-WB closed at 5 sen on 14th May for a conversion discount of 5.1%.

LAMBO-WB: Theoretically Inexpensive

The new warrant of Lambo Group Berhad (LAMBO-WB) made its debut on 7th May 2019.  The warrant was given free to shareholders of Lambo Group via a bonus issue of warrants on the basis of one free warrant for every two shares held on the entitlement date of 24thApril 2019.  A total of 1.051 billion warrants were issue and LAMBO-WB ended its first day of trade at 2.5 sen.  Lambo Group’s mother share closed at 9 sen on 7th May.

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Analysis

Warrant Ranking by Premium (7 Aug 2016)

The following is the list of Warrant Ranking by Premium

Warrant Ranking 7 Aug 2016 by Premium

MALAYSIA LOAN STOCK ANALYSIS 27 MAY 2015

The following is a list of loan stock listed on Bursa Malaysia as at (date).

Malaysia Loan Stock Analysis 270515

Change in Shareholdings (1/5/2015 - 31/5/2015)

The following is a list of change in shareholdings as at (date).

May 2015 (1 May 2015 - 31 May 2015)

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