Markets
Pensonic’s share price surges despite lower profit
Alan Voon | 11 Aug 2017 00:30
The share price of electrical and electronic appliances maker Pensonic Holdings Bhd has been inching up after the company announced its fourth quarter results for FY ended May 31 on July 25.

This is despite the company recording a lower profit.

From the closing price of 63 sen on that day, Pensonic’s shares climbed more than 13% to close at 71.5 sen on Aug 9. However, its warrant, PENSONI-WB, did not outperform the mother share price’s rise during this period and only managed a 10.4% rise to closed at 26.5 sen on Aug 9.

This may have been due to a two sen dividend in which the warrant holders are not entitled to.

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