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SALCON-WB – A Tool to Bet on Turn Around

The new warrant of Salcon Berhad (SALCON-WB) began trading in Bursa Malaysia on 27 July 2018.  The warrant’s price fluctuated between 10.5 sen to 18 sen in the first day of trading before ending the first day of trade at 11 sen. The warrant price has since traded within a narrower range of between 10.5 sen and 11.5 sen.  This new warrant was given free to shareholders as a bonus issue on the basis of 1 warrant for every 2 shares held.  The company concurrently completed a bonus issue of shares based on 1 bonus share for every 4 shares held.

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