Friday 29 Mar 2024
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KUALA LUMPUR (July 24): Matrix Concepts Holdings Bhd bonus warrants MATRIX-WA rocketed five times to its intraday high of RM1.15 on the units' first trading day today.

The five-year warrants have an indicative price of 23 sen each.
 
At 3:56pm, MATRIX-WA pared gains at 78 sen with some three million units traded. At 4:10pm,
MATRIX-WA was the second-largest gainer across Bursa Malaysia.

Matrix Concepts (fundamental: 2.15; valuation: 1.2) issued 77.33 million free warrants on the basis of one warrant for every six existing shares held. The company issued the warrants in conjunction with its bonus share issue.

The bonus share issue also involved 77.33 million shares on the basis of one bonus unit for every six existing shares held.


(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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