MALAYSIAN BULK CARRIERS BERHAD - RESTRIC

KLSE (MYR): MAYBULK-OS (5077OS)

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Last Price

0.005

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0

Profile
MALAYSIAN BULK CARRIERS BERHAD - RESTRIC

Exchange:  Bursa Malaysia Bursa Malaysia

Country Code:  MY MY

Currency:  MYR MYR

Sector:  TRANSPORTATION & LOGISTICS TRANSPORTATION & LOGISTICS

Subsector: 

Index Group: 

Category: 

Syariah Flag:  No No

Short Sell Flag:  No No

IDSS Flag:  No No

Description

Address

Discussions
Be the first to like this. Showing 1 of 1 comments

Legit

doesn't make sense for this to trade at 0.5 sen or even 1 sen. The OS gives the owner the right to buy Pacific Offshore Services (listed in Singapore, last price = SGD0.28) at MYR0.65 or SGD0.2145 at prevailing MYR/SGD rates. So if we buy OS for 1 sen and pay another 65 sen (total cost of 66 sen or SGD0.218) we can sell at SGD0.28 (assuming no change in price) and make a profit. Think the selling pressure is because a lot of investors don't have Singapore trading accounts, so have to sell off their entitlements. But for those with Sing trading accounts this may be worth a look. Last trading day for the OS is Sept 5. Pacific Offshore owns vessels for oil and gas sector and recent results show a turnaround.

2018-09-03 23:45

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