Midas Last:0.192 -

Midas

tink midas has potiential bt recently tt correction duno whether correct enuf anot..or it may correct somemre..

Midas is going to Cheong UP soon!!! but, Genting is still heading south ....

# Midas Holdings posts 15% rise in FY09 net profit to $37.5m : ) Hahaha

VS

# Genting posts more than 100% rise in FY09 net loss -$227.5m : ( omg

kingong ( Date: 25-Feb-2010 17:25) Posted:

good luck! but this counter is very slow. I wonder when will it start flying

tonylim ( Date: 25-Feb-2010 13:26) Posted:

I sold 40 lots of Genting and switched to Mida

Capital Fund from US pumped up its share holding to 8.4% (from 7.14%) and with the impending dual listing and more contracts in the pipeline.... worth looking forward to better price adjustment

trader9988 ( Date: 27-Feb-2010 16:22) Posted:

midas hv been givin qtrly dividend 0.25 cents hence the yearly dividend 1cent will translate into 1% based on price $1....but investor lookin for the potential capital gain its fundamental can maintain nxt few yrs... high ROE,gross profit margin etc will translate higher share price... slow & steady it go....

Midas Holdings posts 15% rise in FY09 net profit to $37.5m

Midas Holdings, the manufacturer of aluminium alloy extrusion products
for China’s railway sector, announced a 14.9% rise in net profit to
$37.5 million for the financial year ended December 31, 2009 (FY2009).

Revenue from continuing operations, namely the Aluminium Alloy Division
and the Polyethylene Pipe Division, increased 8.6% to $150 million for
the year. The group had ceased the trading operations of its Agency &
Procurement Division in March 2009 to focus on its core business.

Midas says the group’s key revenue contributor — the Aluminium Alloy
Division experienced a 12.9% increase in revenue from $126.7 million in
the financial year ended December 31, 2008 (FY2008) to $143 million. This
accounted for 95.4% of total revenue for the year. Within the division,
the Transport Industry and Power Industry contributed 64.8% and 17.9% to
revenue respectively. The remaining 17.3% of the division’s revenue was
attributable to the Others segment.

The group’s associated company, Nanjing SR Puzhen Rail Transport Co.
(NPRT) contributed $3.3 million in FY2009, representing a 73.1% increase
from $1.9 million in FY2008.

Combined with $0.3 million in profit from the group’s discontinued Agency
and Procurement Division, FY2009 ended with a 14.9% growth in net profit
attributable to shareholders from $32.7 million in FY2008 to $37.5 million.

The Edge 26 Feb 10

Sorry...take number of shares (1000 per lot) x 0.0025

quater cents...take the number of lots x 0.0025

1 lot...>$2.50 10 lot...>$25 100 lot...>$250 & so on....

0.25 cents ...is that only 2.5 cents per share?Meaning two dollars fity per lot?

Hope it will touch 1.10 soon

trader9988 ( Date: 26-Feb-2010 21:29) Posted:

results out :

Page 1 of 5 Registration No: 200009758W

MIDAS ANNOUNCES 14.9% RISE IN FULL-YEAR PROFIT ATTRIBUTABLE TO SHAREHOLDERS TO S$37.5 MILLION NEWS RELEASE

- Revenue from Aluminium Alloy Division climbed 12.9% to S$143.0 million

- Proposes final cash dividend of 0.25 cents per ordinary share

Financial Highlights S$’mil

FY2009

FY2008

Change %

Revenue from Continuing Operations

150.0

138.1

8.6

Gross Profit

56.6

47.2

20.0

Gross Profit Margin

37.7%

34.2%

3.5 ppt

Profit Before Tax from Continuing Operations

46.5

37.8

22.9

Profit Attributable to Shareholders

37.5

32.7

14.9

Basic EPS (cents)

4.18

3.87

8.0

NAV per share (cents)

33.52

24.85

34.9

Midas forming a ascending triangle..with resistance @ $1.02

In order for Midas to breakout on the upside, it should break the $1.02 resistance with high vol.

Monitor for opportunity to enter..

just go to investopedia and search for the answers

here is the link:

http://www.investopedia.com/terms/r/returnoninvestment.asp

Return On Investment - ROI

What Does Return On Investment - ROI Mean?
A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio.

The return on investment formula:

Return on investment is a very popular metric because of its versatility and simplicity. That is, if an investment does not have a positive ROI, or if there are other opportunities with a higher ROI, then the investment should be not be undertaken.

ah_seng1001 ( Date: 25-Feb-2010 21:17) Posted:

I want to buy ticket to board Midas leh !! but dunnoe how low a price will be cheap enough.. :(

Oh yes.. can anyone here enlighten me on what does ROI (return on investments), ROE, ROA means n what does it measure ?? Pai seh i am not very financial literate with all these terms..

hi mr "missed the boat men" still waiting for your target price???

trader9988 ( Date: 25-Feb-2010 18:30) Posted:

lots of patience required for this counter.....

good luck! but this counter is very slow. I wonder when will it start flying

tonylim ( Date: 25-Feb-2010 13:26) Posted:

I sold 40 lots of Genting and switched to Midas

tradersgx ( Date: 25-Feb-2010 09:25) Posted:

Stay with the winners (", )

Ratios For Midas Holdings Limited
Market Capitalisation
Market Cap ($ Millions) 949.90
Shares Outstanding 964.37
Float 645.33

Management Effectiveness (%)
Return on Equity 16.70
Return on Assets 13.47
Return on Investment 16.42

Profitability Ratios (%)
Gross Margin 40.80
Operating Margin 32.29
Net Profit Margin 25.55

VS

Ratios For Genting Singapore PLC
Market Capitalisation
Market Cap ($ Millions) 11,164.01
Shares Outstanding 11,690.07
Float 5,127.03

Management Effectiveness (%)
Return on Equity -8.08
Return on Assets -4.03
Return on Investment -4.38

Profitability Ratios (%)
Gross Margin 13.60
Operating Margin -40.82
Net Profit Margin -56.51

I sold 40 lots of Genting and switched to Midas

tradersgx ( Date: 25-Feb-2010 09:25) Posted:

Stay with the winners (", )

Ratios For Midas Holdings Limited
Market Capitalisation
Market Cap ($ Millions) 949.90
Shares Outstanding 964.37
Float 645.33

Management Effectiveness (%)
Return on Equity 16.70
Return on Assets 13.47
Return on Investment 16.42

Profitability Ratios (%)
Gross Margin 40.80
Operating Margin 32.29
Net Profit Margin 25.55

VS

Ratios For Genting Singapore PLC
Market Capitalisation
Market Cap ($ Millions) 11,164.01
Shares Outstanding 11,690.07
Float 5,127.03

Management Effectiveness (%)
Return on Equity -8.08
Return on Assets -4.03
Return on Investment -4.38

Profitability Ratios (%)
Gross Margin 13.60
Operating Margin -40.82
Net Profit Margin -56.51

tonylim ( Date: 24-Feb-2010 16:36) Posted:

Very wise move (Genting is losing money all these years..just leave on false hope). Midas will and can only shine

Welcome on board.

Pls support Midas.

sarsar ( Date: 25-Feb-2010 12:58) Posted:

Hi all, am new here.

Thanks for the good infos., hoping to get some in at a good price.

Cheers!

Financial Highlights S$’mil	FY2009	FY2008	Change %
Revenue from Continuing Operations	150.0	138.1	8.6
Gross Profit	56.6	47.2	20.0
Gross Profit Margin	37.7%	34.2%	3.5 ppt
Profit Before Tax from Continuing Operations	46.5	37.8	22.9
Profit Attributable to Shareholders	37.5	32.7	14.9
Basic EPS (cents)	4.18	3.87	8.0
NAV per share (cents)	33.52	24.85	34.9

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Midas

Return On Investment - ROI