An update on Hovid WB and its mother share

In my earlier post, Hovid WB was one of the warrants I identified with the potential to appreciate. At the pre-closing, the last done price for the mother share and WB warrant is RM 0.44(+2.3%) and RM 0.25(+4.2%) respectively.

The call warrant is still in the money as it is trading at a 1.1% discount. To put this in layman terms, due to inefficiencies in the market, theoretically there`s a risk free profit of 1.1% to be made.