POHUAT-WB’s gearing good, direction uncertain
Alan Voon | 06 Apr 2018 00:30
The price of Poh Huat Resources Holdings Bhd warrant (POHUAT-WB) has been on declining trend since making its debut on Bursa Malaysia in October 2015.

Except for a brief period shortly after its listing when the warrant rose to as high as RM1.11, POHUAT-WB has largely fluctuated between 70 sen and 90 sen.

However, the warrant price fell below 60 sen early this year and its pace of decline has accelerated in recent weeks. It ended trading on April 4 at 32.5 sen after touching a historic low of 31 sen earlier that day.

The mother share of Poh Huat is also on a significant downtrend after starting the year at RM1.79. It closed at RM1.24 on April 4.