As of 28 September 2018
My portfolio has swung back into the positive region from last month bad result due to the fall of 800 Super. This month, the spotlight is now on M1 as Keppel and SPH bid for majority control over M1. The general offer price of $2.06 is at 26% premium of the closing price before trading was halted at $1.63. The possibility of bidding war with Axiata resulted in the price of M1 to reach a high of $2.13 above the offered price and contributed to the increase in total unrealized gain for my portfolio. Some institutions have bought the shares of M1 above the offered price, perhaps they are confident that there will be a counteroffer. I do not think that Axiata will counter bid for M1, as any bid by Axiata may be seen as a negative news to Axiata's shareholders. More importantly ......