KLSE (MYR): GAMUDA (5398)
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Last Price
7.86
Today's Change
-0.06 (0.76%)
Day's Change
7.80 - 7.92
Trading Volume
12,773,800
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Fake spotter
205 posts
Posted by Fake spotter > 2017-05-03 10:05 | Report Abuse
Research house target for Gamuda is only around 5.50 or so. Given current price 5.30, there is limited room for upward price movement, hence very low premium for warrant. Stock needs a boost for re-rating of target price to above 6.00, which may come in future months from certain investment disposals and large new contracts, then warrant will fly. Warrant holders need to be patient.