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Hot Stock TMC falls 14% as shares trade ex-bonus issue
by Cals Tue 09 Jun 2015, 18:28
Hot Stock
TMC falls 14% as shares trade ex-bonus issue
KUALA LUMPUR (June 9): TMC Life Sciences Bhd fell as much as 14% as shares of the hospital operator traded ex-bonus issue today.
TMC (fundamental: 1.45; valuation: 0.9) fell as much as 10 sen to 61 sen befoe reducing losses. At 10:08am, the stock was transacted at 62 sen with some 1.2 million shares done.
TMC was the 10th-largest decliner across Bursa Malaysia.
Earlier, TMC said its bonus issue involved of up to 599.76 million warrants on the basis of one warrant for every two existing shares held.
According to TMC, assuming all the warrants were converted into shares, the group will raise some RM449.8 million. TMC said it planned to use the money for its working capital .
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
TMC falls 14% as shares trade ex-bonus issue
KUALA LUMPUR (June 9): TMC Life Sciences Bhd fell as much as 14% as shares of the hospital operator traded ex-bonus issue today.
TMC (fundamental: 1.45; valuation: 0.9) fell as much as 10 sen to 61 sen befoe reducing losses. At 10:08am, the stock was transacted at 62 sen with some 1.2 million shares done.
TMC was the 10th-largest decliner across Bursa Malaysia.
Earlier, TMC said its bonus issue involved of up to 599.76 million warrants on the basis of one warrant for every two existing shares held.
According to TMC, assuming all the warrants were converted into shares, the group will raise some RM449.8 million. TMC said it planned to use the money for its working capital .
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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