28/6/23: Dividend @ 8sen, current price 2.310. Price may be down to 2.230, later see if it had strength to retrace up or drop till payout date.

14/7/23: Bonus Unit 2:1, current price may be 1/2 price. Potentially July prices pressure up before the Bonus Issue.

or else its discount price to Lowest Low after bonus issues. ....

The group said the proposed bonus issue will enable UPA’s existing shareholders to have greater participation in the company’s equity in terms of the number of UPA shares held, while maintaining their percentage of equity interest in UPA without incurring any cost.

“It will result in lower trading price of UPA shares, which serves to attract a wider group of investors. It is expected to enhance the trading liquidity of UPA shares on the main market of Bursa Securities,” the group added