TM / TMI Stock after demerger
TM made an impressive performance after stock split, up RM0.49 to RM3.54 from it reference price at RM3.05 while TMI reference price at RM7.85. TMI will be list in Bursa Malaysia this Monday. Based on analyst, the TM reference price a bit lower than expected while TMI isĀ higher than their expectation. TM traded at a very heavy volume due to the lower reference price and promised dividend up to 90% of it profit.
TM also allocated new 138 million shares as its proposed employees share option scheme (ESOS).
Today I have added special calculator for TM/TMI esos to be use by TM/TMI staff for the purpose of calculate their profit. However this calculation is applicable for those who trade using CIMB iTrade.