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AKNIGHT - WB: Huge issuances may cap upside

The share price of PN17 company Asia Knight Berhad dropped recently upon the company’s completion of a rights issue with warrants. The mother share of Asia Knight fell from as high as 25 sen on 20 April 2018 to its current value of 9 sen within a span of a little more than a month.  AKNIGHT-WB, the new company warrant which was attached free with the rights issue on a one for two basis, traded within a narrow band of 4 sen to 5 sen since it made its debut on 21 May 2018.

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