Really depends on your risk tolerance. With 11x gearing, I think it is a low cost entry to leverage on the growth of Frontkn. 45% premium is manageable since there is 5 years to maturity.
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 !
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....
cola
56 posts
Posted by cola > 2021-05-10 12:18 | Report Abuse
it was just listed last Friday. Maturity date is May 3, 2026.