UNIMECH-WA: Overvalued with short time to expiry
Alan Voon | 02 Mar 2018 00:30
With about 200 days left to expiration, UNIMECH-WA is trading at a very high premium of 50%
The company warrant of Unimech Group Bhd, UNIMECH-WA, topped the active list for the first time on Feb 28 after the company reported stronger fourth quarter (Q4) profit on Feb 27.

UNIMECH-WA saw 93.31 million units traded on Feb 28. This represents more than 154% of the total warrants outstanding of 60.41 million.

The price of UNIMECH-WA also experienced a wild swing between four sen and 10.5 sen before closing the day up 150% at 7.5 sen from three sen the previous day. The mother share only rose three sen or less than 3% to RM1.05.

Unimech is one of the leading value-add engineering business group in Malaysia.