Another warrant is going down the road less traveled. In this case, it is HLT-WA- another warrant that's trading at a huge discount to the share price. As at last Thursday (July 30, 2020), HLT closed at RM1.46 while the warrant closed at RM1.03.
Since HLT-WA has an exercise price of RM0.20 and still a long way to expiry (876 days to 27 December 2022) [here], it is hard to justify the discount of RM0.23 or 16%. As I had mentioned before (here), a warrant trading at a discount is a warning sign that the rally for both the share price and the warrant price are not sustainable.
Chart 1: HLT's daily chart as at July 30, 2020 (Source: Malaysiastock.biz)
Chart 2: HLT-WA's daily chart as at July 30, 2020 (Source: Malaysiastock.biz)