Market Review and Trends
Market View 3 September 2013
By Singapore Stock Lobang  •  September 3, 2013
A lot of stocks were in a pretty good mood yesterday but I believe the main attraction will still be China Minzhong. Indofood launched a General offer price of 1.12 to buy those stocks that it does not own. For the record, I have sold ALL my CMZ holding stocks to the market yesterday afternoon. My average selling price is slightly higher than the offer price. I decided to take the profits and move on to the next target. I suggest that the readers to do so too. A couple of years ago, CMZ was one of my highly recommended ' stock, and I believe many readers bought it way below $1, so the profits from the stock is still respectably well. I don't think Indofood will be able to get all the remaining 66% of CMZ shares and CMZ will remain listed after the GO lapsed. I ......
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By Singapore Stock Lobang
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