Public Bank set to jump!

Public Bank is going to release its quarterly financial report very soon. I think it would release the report on 14/4/2010.

I note that for the last 4 quarter of Public Bank, Public Bank share would jump higher prior to its financial reports release. Days before 14 April 2009, 20 July 2009, 15 October 2009 and 20 January 2010 share a same pattern which is they were all moving up. That is why i suspect this time history again will repeat itself.

Fundamentally, Public Bank is one of the strongest bank in Malaysia.

There are a few Public Bank call warrants listed on KLSE, namely Pbbank-cj, Pbbank-ck and Pbbank-cl. Pbbank-ck is going to expire in another 6 days, so I am not considering this call warrant. I like Pbbank-cl most because of its higher gearing compared to Pbbank-cj. The premium for Pbbank-cl is 0.60%, gearing is 6.22 and expiry date is 2/9/2010. Pbbank-cl jumps 9.3% today.

Ok, good luck.

GOon.