Thursday 28 Mar 2024
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Taliworks Corporation Bhd (+ve)

Taliworks (Fundamental: 1.3/3, Valuation: 2.4/3) surged to a fresh five-year high of RM3.84 yesterday. The stock has risen by 61.3% since it was first picked by our momentum algorithm on March 10 at RM2.38.

Last Wednesday, the company proposed a 5-for-2 share split, and issuance of up to 241.93 million free warrants on the basis of one free warrant for every five existing shares held after the completion of the proposed share split. Both proposals are expected to be completed by 4Q2015.

Taliworks is involved in water treatment, waste management, highway concession and construction. It owns and operates various water concessions in Malaysia and China, as well as the concession for the Cheras-Kajang Highway.

The company has an impressive list of board members, including former Malakoff Corp managing director Ahmad Jauhari Yahya, former Economic Planning Unit director-general Raja Datuk Zaharaton and former housing and local government minister Tan Sri Ong Ka Ting.

Taliworks Corporation Bhd

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