As more reports are favouring our long term holding of Kawan. With 2 reviews in the month of Feb rated its fair value at RM 2.9 above. We feel happy and hope we smart enough to buy more when the market start to fully value this company. We bought Kawan at RM 1.6 and warrant at RM 0.600.
To recap the history of this counter. We started bought this counter years ago when the warrant at RM 0.10 and its mother at RM 1. We have off loaded when warrant hit RM 1.1 to 1.2 and its mother hit RM 2.5 to 2.7. After recent ex for bonus issue, the stock price adjusted backward and we do believe is cheap again. With many reviews popping out for Kawan. Oh yeah that’s can be a trigger point for the second run up again.