It's basically the same thing. Say u hold 100 shares at rm4.00/share (for eg.) thn upon bonus issue 1 for 1. U'd get additional 100 shares upon the exercise date. So total u have 200 shares! But the price would be rm2.00/share. your net effect would still be the same. The share buy back would mean The company whn favorable will buy back it's shares to increase earnings per share for its shareholders meaning the company has no better avenue of increasing returns for the company. So it's kinda like an alternative to make the shareholders happy.

But if u ask me. Stay away whn it's gonna exercise. Glomac and tenaga are a few examples. See the trend. Thy push it up thn whn bonus issue it jus comes falling down. Glomac does share buy back pretty extensively.

Your call

Supermax is just another big bomb that will explode upwards in the market of red sea. Supermax will be a good counter to be traded / invested based on :

- Stronger USD outlook against the MYR, with a projection of reaching RM 3.40 for USD 1.
- BNM had just recently announced the unchanged OPR at 3.25%, pegging the nation interest rate for at least another quarter to half year period, hence putting away speculation of a sudden increase in OPR to counter the currency outflow.
- Rising global concern on Ebola Virus infection, with 1st US patient confirmed in Texas.
- Supermax being a laggard compared to all it's peers which had responded towards both the events
- Supermax to see factory expansion producing more output in FYE 2014.

Supermax - On Hot Shots