MovingChart

Massive Trade Opportunity for this Company’s Warrant

RiskRover
Publish date: Mon, 29 Jul 2024, 05:07 PM

Source: TradingView


To those who are unfamiliar with Tanco Holdings, the multi-billion company is a well-known property developer with strong backing in raw materials, which are held by the major shareholders of the company.

But that is not all. Tanco, had in March announced the potential “infrastructure listing” of their 79%-owned subsidiary, Midports Holdings on a 480-acre land bank owned by Tanco Holdings. This listing is expected by many to be over RM2.0 billion.

Riding on the news, Tanco share price had risen significantly on a Year-to-Date basis. However, the warrant for Tanco, TANCO-WC still represents close to 10% in discount as the time of writing!

This would mean that – if you buy TANCO-WC today at 63.0 sen, and add on conversion value of 31.0 sen, the total cost of owning a Tanco common share is at 94.0 sen.

Meanwhile, Tanco is trading at over RM1 consistently, presenting an arbitrage opportunity for keen investors! This is exactly what we call risk-free trade.

If you are fresh to the market, this is a massive trading opportunity waiting to be utilised. Don’t miss this chance for the trade!

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