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PWROOT-WA: Attractive for the short term

The company warrant of Power Root Berhad (PWROOT-WA) made its debut at Bursa Malaysia on 27 July 2018.  This warrant was given free to shareholders following a bonus issue of warrants based on 1 bonus warrant for every 5 shares held.  The company also implemented a 1 for 5 bonus issue of shares at the same time.  As the exercise price of the new warrant of RM1.54 is above the mother share price, PWROOT-WA traded limit up at 30.5 sen from the reference price of 0.5 sen on its debut.  PWROOT-WA fluctuated between a high of 55 sen and a low of 41 sen before correcting settling to close at 48 sen on 7 August 2018.  The mother share ended trading on the same day at RM1.50. 

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