This article first appeared in The Edge Financial Daily on December 13, 2017 - December 19, 2017
SWS Capital Bhd (-ve)
SHARES in SWS Capital Bhd (fundamental: 0.8/3, valuation: 0.5/3) triggered our momentum algorithm yesterday for the fourth time this month as it saw 1.66 million shares traded.
The counter closed up two sen or 1.53% at RM1.33, giving it a market capitalisation of RM194.01 million.
Yesterday, the furniture manufacturer proposed a two-for-eight bonus issue with five free warrants per share.
The exercise will see the issuance of 36.47 million new shares and 91.17 million free detachable warrants. The warrants will have a five-year tenure with an exercise price of 90 sen.
The stock is currently trading at 1.91 times its net book value and has a trailing 12-month price-earnings ratio of 22.34 time
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