Last few days we found Kawan has exceptional trading volumes that not seen in years. Together with major share holders disposed some stocks early in May. Sparking ideas of right issue, bonus issue, General offer or even a strong fund buy into the counter.
However, we still hold its Kawan mother share as we believe the price of the share worth more than RM 2.50 excluding the new plant contribution in 2016. Beyond that may worth RM 3.00 and above. However, we disposed some warrants at RM 1.40. We will continue to dispose warrant but hold on to its mother share.
Our target of Kawan remained with RM 2.50 before year end and RM 3.00 beyond.
J&J Investment Co. 
Leave a Reply