We start accumulating Astro-CE at RM 0.045-0.05

As we favour Astro will improve its EPS and we believe it should back to its pre-IPO price within 12 months. CE conversion at RM 2.88 with ratio of 8. We believe a mild accumulation of CE with target price at min RM 0.10 is achievable. But we always advise Call warrant is high risk. Only invest with hedging purpose or you afford to lose that amount of money completely.

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