AMMB-CD May Go Up More With The Mother Share
At the beginning of the market recovery, AMMD-CD have moving up from RM0.15 till now RM0.32 already 100% increment. AMMD exercise price is RM2.40 and now the warrant is in the money.
Base on the chart, money is still flowing in and with warrants out standing 75 mil share so they are still room for issuer to sale the warrants by pushing up the mothers share. If the AMMB can hits target price RM4.90 the warrants will be (4.90 - 2.40 )/6 = RM0.42 so about 10 sen to go from Friday closing price.
The warrant still have 399 days before expiry and with premium 2.37% they is still room for the warrant will bring profit. In addition, all the AMMB warrant from CC, CD and CE are far from expire so they is no reason the issuer will put down the mother share.
1 comments:
BUY MBMR!!!! Perodua MPV will come out by September...sells sure beat Proton Exora....BUY MBMR..BUY MBMR....
Post a Comment