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6381-6400 of 10484
CHING CHING!!!
money in the pocket!
now 95.5
thank u for the prompt response..ahha
ozone2002 ( Date: 13-Sep-2010 16:18) Posted:
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ozone2002 ( Date: 13-Sep-2010 16:18) Posted:
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oei faster lei..makan all the 95c Q
don't wanna fork out money!!
i still Q-ing @ 95...
somebody hit me baby..
ozone2002 ( Date: 07-Sep-2010 09:09) Posted:
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(Company Registration No. 200009758W)
PROPOSED SECONDARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE
OF HONG KONG LIMITED
Not for release, distribution or publication, into or in, directly or indirectly, the United
States, Australia, Canada or Japan
Where capitalised terms are used in this announcement and not otherwise defined, such capitalised
terms shall bear the same meanings as ascribed to them in the announcements made by Midas
Holdings Limited (the “Company”) on 3 March 2010, 15 March 2010 and 22 March 2010 (the
"Announcements").
The Company would like to refer its shareholders (“Shareholders”) to the Announcements
and the circular to Shareholders dated 7 April 2010 (the "Circular") in relation to the proposed
issue and global offering (the "Global Offering") of up to 300,000,000 new ordinary shares in
the capital of the Company (the "Offer Shares") by the Company, and up to 40,000,000 new
ordinary shares in the capital of the Company (the "Additional Shares", together with the
Offer Shares, the "New Shares") in the event of the exercise of the Over-allotment Option, at
an offer price of not more than 10% discount to the SGX-ST Market Price, to be carried out in
conjunction with the proposed secondary listing (the "Proposed HK Listing") of the
Company's shares on the Stock Exchange of Hong Kong Limited ("SEHK").
The Company wishes to inform the Shareholders that the application to the SEHK in relation
to the Global Offering and for the listing of, and permission to deal in, all the Shares
(excluding treasury Shares) on the Main Board of the SEHK is currently being reviewed by
the SEHK and is subject to the approval of the SEHK. Subject to market conditions, the
Company will commence marketing of the Global Offering.
The Company will announce any material updates if and when appropriate.
The Board wishes to highlight that the Proposed HK Listing is subject to, among
others, the approval of SEHK and relevant authorities, suitable market conditions, and
acceptable terms. As such, the Proposed HK Listing may or may not occur.
There is no assurance that approval of the SEHK and relevant authorities for the
Proposed HK Listing and the listing of, and permission to deal in, the Shares
(excluding treasury Shares) and the New Shares on the Main Board of the SEHK will be
granted. Information relating to the Global Offering and the Proposed HK Listing in this
Announcement is also subject to change.
Shareholders and other investors are reminded to exercise caution when dealing in the
Shares. In the event that Shareholders and other investors are in doubt when dealing
in the Shares, they should consult their stockbrokers, bank managers, solicitors,
accountants or other professional advisers.
BY ORDER OF THE BOARD
Chew Hwa Kwang, Patrick
Chief Executive Officer
Date: 13 September 2010
On Thursday, Midas re-tests the resistance at $0.945 and closed at $0.93 with LOW volume of 3.29 million shares traded.
A black candle sticks with short upper shadow indicates that investors decided to profit take instead of pushing above the 100 days MA.
Both RSI & MACD are bearish as RSI perform a sharp downward tick on Thursday.
Important Resistance of Midas: $0.945
Immediate Support of Midas: $0.91
Currently prices are resisted by 100 days MA and supported by 50 days MA.
In short term, Midas forms a “lower high” and “lower low” along the falling channel since Jun 2010 which is a bearish signal.
SEE ANALYSIS FOR CAPITAMALL
However if interested in the fundamental of the company, do watch for the support at $0.86 for any signs of consolidation.
tonylim.. can't wait that long..
only have 5 days to contra
hate to use my money to make money..prefer to borrow like businessman..=)
ozone2002 ( Date: 07-Sep-2010 16:51) Posted:
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TA Alert – Midas (7 Sep 2010)
Midas initiated a bullish breakout above its $0.90 support-turned-resistance, 50-DMA and its 5-month downtrend line on heavy volume yesterday.
Despite the overall market tone being more downside biased this morning, the counter continued to exhibit strength by climbing higher in trading today. Coupled with the bullish crossover made by the MACD indicator recently, they suggest that the counter could see further upside potential in the weeks ahead.
If the counter can sustain itself above the $0.90 level (now resistance-turned-support), we can expect it to head further north towards the immediate resistance at $1.01, breaking which, the subsequent resistance at $1.17 beckons.
Resistances and Supports
2nd resistance $1.1752-week high
1st resistance $1.01Support-turned-resistance
1st support $0.90Resistance-turned-support
2nd support $0.80Troughs from Oct-Nov ‘09
Did not short yesterday because Midas did not go up to 0.96
Will still be thinking of shorting if it goes up to 0.96 :D
tonylim ( Date: 06-Sep-2010 18:53) Posted:
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Hi Bon, Thks! I missed your reply as recently too busy to help a friend to setup TCM clinic, hardly have time to look at trading.
hehe heard that 英明的police go round to 扫黄, ?spa mostly kena fined, have to change their trade. Cheers.
Bon3260 ( Date: 30-Aug-2010 08:25) Posted:
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I'm holding it to sell over 1.15 ;)
Q-ed 95 to sell
would make 3.5 c.. not bad.. for contra.. =)
ozone2002 ( Date: 06-Sep-2010 10:22) Posted:
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he likes to play POKEmon..???
get poked from behind.. ouch!
tonylim ( Date: 06-Sep-2010 18:53) Posted:
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Compelling valuations; Reiterate BUY. NPRT is expected to add a further boost to Midas’ earnings growth trajectory. Its order book is estimated at RMB6b with delivery scheduled till 2013. Midas’ share price has fallen by 26% over the last four months, possibly due to broad market weakness coupled with the postponement of its Hong Kong secondary listing, which in our view will not hamper its expansion plans given its strong balance sheet. Valuations are compelling at current levels with the stock trading at 16.6x FY10F PER and 11.2x FY11F PER. We are forecasting a doubling of net profit between FY09 and FY11. We reiterate our BUY rating on Midas with S$1.29 fair value estimate
tonylim ( Date: 06-Sep-2010 20:20) Posted:
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By Lee Wen Ching
Mon, 30 Aug 2010, 10:05:58 SGT
Midas Holdings (Midas) hosted a plant visit to its aluminium alloy production plant in Jilin and its JV Nanjing SR Puzhen Rail Transport Co’s (NPRT) plant in Nanjing last week. The visit reaffirmed our conviction of the group’s growth prospects, buoyed by its ongoing capacity expansion coupled with robust demand stemming from China’s booming railway-related investments. Midas’ order book stands at RMB1.4b with earnings visibility stretching till 2012, and its delivery schedule is already strong enough to support the ramp up of its enlarged capacity to optimal utilisation in 2011. NPRT, meanwhile, has a RMB6b-strong order book with delivery scheduled till 2013. Adding a further boost to the group’s earnings growth is its downstream fabrication, which should lift the group’s profitability from 2H11 once the business gains traction. We are forecasting a doubling of net profit between FY09 and FY11. At 16.6x FY10F PER and 11.2x FY11F PER, valuations are compelling. We reiterate our BUY rating on Midas with S$1.29 fair value estimate
tonylim ( Date: 06-Sep-2010 18:53) Posted:
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Why would any smart guy short this counter - makes no sense
It is a counter to be cherished for longer term profit
ozone2002 ( Date: 06-Sep-2010 14:13) Posted:
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92.5 chiong ah!!!...
good luck to those who short..don't get screwed from ur behind
ozone2002 ( Date: 06-Sep-2010 10:22) Posted:
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