Monday, October 31, 2011

Why DIGI up 4.4% (RM1.40)?

Here's some of the possible reason:
1. The Company plan to split its stock from 1 to 10 may materialized very soon in November. Check the Company announcement, today already 31-Oct, so it may not be long for the final date to be announced. Usually, after stock split, share price may react due to higher liquidity.
2. Investor start to recognize the high dividend of the Company from about 6% to 7% yield.
3. Window dressing in the last month of the day.

My guess... Reason 1 should be the case. Let's see whether tomorrow any announcement from DIGI.