QUOTE(kueyteowlou @ May 2 2012, 08:38 PM)
because I had been observing this counter quite sometimes when the takaful still in RM2.xx
So i had been reading all the footstep of BIMB... I bought CB previously.. I cut loss and hedge into CC...
although big boys is buying and buying... but BIMB-cb 90%++ held by publicity... so who is the on holding such a large amount of CB?
manipulating the price up and down... takaful running so high, but BIMB still can manage to stay in sideline.. it doesn't make sense at all.. So of course is the big boys are manipulating the price... BIMB holding 60%++ of Takaful shares... I expect it will goes up.. but dont know that it will goes up so high.. hahaha
what in my mind is... within 15days.. how much they can sell off?
heheee.. just my thought only...

And guess who is the manipulator
Our EPF brothers.
I have been monitoring BIMB too. However, compared to Takaful, BIMB has 10x amount of shares. Takaful only has 162mil shares issued. It is easy to push up such little shares on the market. For BIMB, it has more than 1 bil shares issued so it will not be an easy task to push up.
Now this is where it gets interesting. As of March 2012, about 90% of BIMB shares are held by institutions.

That left 10% which is 100 mil, easy to push up.
On April, there have been several breakout trying to push BIMB up but they are easily met by hidden seller and resistance. Then one day EPF disposed. So you can know who is behind those manipulation.
EPF has been accumulating between the price of 2.35 and 2.43. I think they won't be satisfied with the pushing into 2.55 (if you sell 0.17). You must know 2.47 is all time high of BIMB and they break 2.5, a very important psychology barrier.
BIMB made roughly 7 cents from the previous quarter. If annualized, it should be 28 cents and it will only be PE 10 for BIMB if it is trading at RM 2.80.
So I believe the upside is more than that.
Just my 2 cents.