SPSETIA plans to acquire I&P at RM3.65b (39% discount to its market NAV of RM6.01b) via a cash call and private placement.
Kenanga Research reiterates their OUTPERFORM with an ex-rights TP of RM4.08
SPSETIA-CY - Buying opportunity!
- Effective Gearing 9.36x (highest in the market)
- Sensitivity at 3 ticks
Currently, SPSETIA is trading (-6.35%) at RM3.39 while its warrant SPSETIA-CY is trading (-47.06%) at RM0.050
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Disclaimer: Investments involve risks, including possible loss of principal and other losses. These articles and charts are provided for information only and should not be construed as as a solicitation to buy or sell any of the instruments mentioned herein. The author shall not be responsble for any losses or lost profits resulting from iinvestment decisions based on the use of the information contained herein. If investment and other professional advice are required, the services of a licensed professional person should be sought.
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