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from maybank......YTL Power International's proposed bonus warrant issue may create an extended dilution overhang for its share price, Maybank IB analyst Tan Chi Wei says in a note. However, the proposed 1-for-5 bonus warrant issue, with a 3-year tenure and a MYR2.45 exercise price--about 40% below last closing price--could offer timing flexibility for shareholders, he notes. If fully exercised, the warrants could raise up to MYR4.1 billion, likely funding its data center and AI compute expansion, he says. Maybank maintains a buy rating on YTL Power, citing positive progress in its AI compute business remains a potential re-rating catalyst. It keeps its target price unchanged at MYR4.70. Shares are 4.9% lower at MYR3.85
Tracking the selling pattern, there is intentional of selling down at small odd lot prices 0.24 to entice people to depress the share price ….what is it up to ?
That is correct but Dayang is holding Perdana ‘s 60% plus shares , so the shares in circulation is still not that sizeable , any other reasons why Perdana share price is depressing?
