The share price of Ekovest Berhad and its warrant (EKOVEST-WB) surged in the middle of last week driven by market optimism over the possible revival of mega projects as Malaysia and China reached agreement to revive the East Coast Rail Link at a reduced cost of RM44 billion.  The share price of Ekovest rose to as high as 67.5 sen on 11^th April 2019 before retreating to close at 57.5 sen on 16^thApril.  The company warrant closed at 10.5 sen on 16^th April after surging to as high as 19.5 sen a few days ago.

The company warrant of Alam Maritim Resources Berhad (ALAM-WA) made its debut at Bursa Malaysia on 29^th March 2019.  This warrant was given free to shareholders based on 1 warrant for every 2 shares held on the entitlement date of 22^nd March 2019.   The share price of Alam Maritim rose 26% to 14.5 sen on 2^nd April with volume surging to more than 55 million shares after the company announced that it has secured a USD59 million contract for the procurement, construction and installation of a pipeline system.  This led to the new company warrant surging to as high as 7 sen on 2^nd April which was double the closing price of 3.5 sen on the first day of trading two days ago.  Alam Maritim mother share and ALAM-WA closed at 13 sen and 6 sen respectively on 9^th April 2019.

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.