TP 11.00

Maybank has committed a sum of RM14 million to two major government hospitals to ensure the continued provision of adequate medical facilities and services to help strengthen Malaysia’s healthcare system in coping with the recent surge of Covid-19 patients.

10 + 3 Free Warrant.

I like your below comments.
Yesterday I bought 100Lots @2.685,

IMwhatIM - If you have the spare cash and you can hold it until end of June ( which is only abt 60 days from now), just close your eyes and buy. The bonus issue in the form of free warrants will be completed by the 2nd quarter 2021. That was in the announcement.

I am pretty sure the next quarter results will be very good and that will help Comfort to push up the share ,
price. With higher mother share price, Comfort can fix a higher conversion rate.

With higher conversion rate Comfort can raise more cash ( warrant holders have to pay more to convert to mother shares) from the restructuring exercise.

It is to the interest of Comfort to keep the share price high at least until the conversion rate is announced.

Looking at the trend, the next push will bring Comfort to RM3.80 to RM4.00 level.

The profit-taking you noticed last couple of days will not last long especially with foreign funds starting to buy back glove stocks.