PNB Makes A General Offer on P. Garden

Hi folks. Guess what? As the title suggested, PNB did make a G.O. on Petaling Garden at RM2.50. Those who bought the stocks before its suspension last Friday will be laughing to the bank. I sold all my holdings in P.Garden this morning at 2.44. Could have waited for the completion of the G.O and redeemed my shares at 2.50 but that will take about a month or so to be completed. Might as well I forgo the 6 cents to realized some profit now and reinvest in another counter. My business finance lecturer once thought me the concept of tvm - time value of money...guess it works really well in this situation.

New Stock Pick

My latest pick is KSL Holdings. Don't ask me why, I just have a very good feeling about this stock. Utilized all the profits from P Garden and bought a few lots of KSL at an average price of 2.30. Be caution that this need a longer holding period (2-3 months). Immediate target RM2.80 but more upside can be expected once the baby breaches the psychological resistance at 3.00

Will update my current holding and mark to market P&L for the month of April later tonight.

On a separate note, can't wait for the 2nd leg semi final b/w my beloved Reds and Chelsea tomorrow night. What a coincidence - the next day is a public holiday. Guess I 'll be staying up all nite to watch this cracker. 100% confident that the Anfield roar will turn the table on the depleted Blues. Adios for now.

Signing off at 8.55 p.m.