nikko, the first day price was 0.305, because it was given free, so market demands determined its price. and 305 is the max of bursa limit, because shares with below 1.00 max limit per day is 0.30.
Recently, TSMC announced that it is investing in a new foundry in Tainan Science Park in Taiwan. The new foundry, which is estimated to cost US$16 billion, will be able to produce chips with a node distance of just three nanometres (nm).
I think this warrant is certified because ex-price 4.00 and mother only 2.43. 0.20+4.00=4.20 4.20-2.43=1.77 1.77/2.43=72%. You think frontkn can go up 1.77 now? May be until 2024 or 2025 or even 2026, no one knows. But seeing the ban from US on chips to TSMC, i think maybe 2025 and beyond only potentially has show for TSMC.
Hopefully the guys here realise the huge potential of frontkn wb. Three wks ago when mother up 10sen the wb up 1 sen. Since the exercise price of wb is rm4, from now on when the mother up 10 sen the wb can also go up by 10 sen !
Price of warrant equal to mother share price minus exercise price of RM4.00 and must be equal to Premium of RM 0.50. Price of warrant would be high, if Demand (Buy) is more than Supply (sell).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newbie2y
585 posts
Posted by newbie2y > 2021-05-19 11:50 | Report Abuse
the catalyst will be the taiwan new expansion updates, once its setup, boom! 54sens and beyond!