CK>> Impressive to see SapuraCrest's share price closed at 4.58 level, the highest share price ever for the past xx years. There are still 1 month++ trading days before the completion of the entire merger exercise. Will it trade higher than offer price 4.60?

Again, those who are still holding SapuraCrest should consider to sell it at strong and change to buy Kencana at its current price. By just doing this, you could be able to earn additional 3% profit margin (assuming SapuraCrest capped at 4.60 level and will not trade about this price. But if you think SapuraCrest can trade higher than 4.60, then you should continue hold it).

The reason is simple. After merger exercise, both Kencana and Sapura will become a single entity Newco share called Sapura Kencana Petroleum Berhad. Regardless which shares you are holding now, you will be getting Newco shares.

As for Kencana, 3.4% potential profit in 2 months. It still far more better than FD interest at 3% in 12 months (a year). But you need to sell it before de-list and avoid the re-list of Newco because no one knows what will happen at first day listing of Newco share.