Tanco Holdings Berhad has announced a bonus issue that’s turning heads in the market. The company plans to issue up to 3.85 billion bonus shares on a 7-for-5 basis, meaning for every five shares you own, you’ll get seven more for free.
This move is aimed at rewarding shareholders while boosting the stock’s liquidity.
After the bonus issue, Tanco’s share price will adjust to reflect the larger number of shares in circulat...

Following its break above the key resistance level of RM1.200, Tanco Holdings has demonstrated significant upward momentum, showing no signs of slowing down, as reflected by the red bar on the chart. From an Elliot Wave (EW) Momentum perspective, the stock continues to exhibit a positive upward trend. We expect this momentum to persist, potentially pushing Tanco Holdings to challenge the next resistance level at RM1.500, with critical support establi...