KUALA LUMPUR: Proton Holdings Bhd and its structured warrants continued to see strong investor interest yesterday as the counters saw active trading volume and rising share prices.
The stock rebounded 9.36% to RM4.79 from last Friday’s close of RM4.38 with 5.8 million shares traded. It was the top gainer on Bursa Malaysia yesterday.
The national automaker priced as high as RM4.83 in intra-day trade, just shy of the highest price recorded this year in January of RM4.85.
All four Proton call warrants, Proton-CG, Proton-CH, Proton-CI and Proton-CJ also saw strong gains.
This came after Proton’s shares and warrants had all closed lower on Friday. Proton was down 1.8% last Friday from RM4.46 the day before.
Last week, The Edge Financial Daily reported that Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar had said that any sale of its 42.7% stake would be in full and therefore subject to a general offer. He also said that Khazanah had yet arrive at a decision to sell its stake.
Proton-CG gained 52.3% to close at 49.5 sen, an 8.14% premium on the mother share, up from 32.5 sen with a volume of 59 million warrants traded.
Proton-CH gained 44.26% to close at 44 sen, a 5.64% premium, from 30.5 sen on the back of 59.7 million warrants traded.
These two warrants were the top two most active counters on Bursa yesterday.
Proton-CI rose 26.97% to close for a premium of 9.81% at 56.5 sen from 44.5 sen with 9.3 million warrants traded.
Proton-CJ closed at a premium of 24.22% at 39 sen, a 15.39% gain from 33 sen with 4.8 million units done.
Proton-CG was issued by CIMB Investment Bank Bhd in March with 50 million units at 15 sen a piece. It has an exercise price of RM3.20 and a conversion ratio of four-to-one. The structured call warrant expires on March 30, 2012.
Proton-CH was issued by OSK Investment Bank Bhd in April at 15 sen with 80 million units. It has an exercise price of RM3.30 and a conversion ratio of four-to-one. It will expire on Feb 27 next year.
The warrant Proton-CI was issued by CIMB last Nov 30 at 15 sen each with an issue size of 50 million. The four-for-one warrant expires on Nov 30, 2012 and has a strike price of RM3.
Proton-CJ, issued by Maybank Investment Bank Bhd, last week at 15 sen a piece has an issue size of 50 million units. The five-for-one warrants have an exercise price of RM4 and will expire on Dec 12, 2012.
Compared with last Friday, the premium spread between the warrants has converged but Proton-CJ, which was only issued 20 days after Proton-CI, is trading at a much higher premium on the mother share.
This article appeared in The Edge Financial Daily, December 28, 2011.
The stock rebounded 9.36% to RM4.79 from last Friday’s close of RM4.38 with 5.8 million shares traded. It was the top gainer on Bursa Malaysia yesterday.
The national automaker priced as high as RM4.83 in intra-day trade, just shy of the highest price recorded this year in January of RM4.85.
All four Proton call warrants, Proton-CG, Proton-CH, Proton-CI and Proton-CJ also saw strong gains.
This came after Proton’s shares and warrants had all closed lower on Friday. Proton was down 1.8% last Friday from RM4.46 the day before.
Last week, The Edge Financial Daily reported that Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar had said that any sale of its 42.7% stake would be in full and therefore subject to a general offer. He also said that Khazanah had yet arrive at a decision to sell its stake.
Proton-CG gained 52.3% to close at 49.5 sen, an 8.14% premium on the mother share, up from 32.5 sen with a volume of 59 million warrants traded.
Proton-CH gained 44.26% to close at 44 sen, a 5.64% premium, from 30.5 sen on the back of 59.7 million warrants traded.
These two warrants were the top two most active counters on Bursa yesterday.
Proton-CI rose 26.97% to close for a premium of 9.81% at 56.5 sen from 44.5 sen with 9.3 million warrants traded.
Proton-CJ closed at a premium of 24.22% at 39 sen, a 15.39% gain from 33 sen with 4.8 million units done.
Proton-CG was issued by CIMB Investment Bank Bhd in March with 50 million units at 15 sen a piece. It has an exercise price of RM3.20 and a conversion ratio of four-to-one. The structured call warrant expires on March 30, 2012.
Proton-CH was issued by OSK Investment Bank Bhd in April at 15 sen with 80 million units. It has an exercise price of RM3.30 and a conversion ratio of four-to-one. It will expire on Feb 27 next year.
The warrant Proton-CI was issued by CIMB last Nov 30 at 15 sen each with an issue size of 50 million. The four-for-one warrant expires on Nov 30, 2012 and has a strike price of RM3.
Proton-CJ, issued by Maybank Investment Bank Bhd, last week at 15 sen a piece has an issue size of 50 million units. The five-for-one warrants have an exercise price of RM4 and will expire on Dec 12, 2012.
Compared with last Friday, the premium spread between the warrants has converged but Proton-CJ, which was only issued 20 days after Proton-CI, is trading at a much higher premium on the mother share.
This article appeared in The Edge Financial Daily, December 28, 2011.
