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6961-6980 of 10484
tradersgx ( Date: 10-Feb-2010 16:08) Posted:
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Not sure when your baseline starts but many sectorial stocks (property, bank, commodities, infrastructure) moved up a lot since a year ago, but many stocks are still way off the last highs.
On Midas, the stock not only went up cos of dual listing. The company has set its financing in order for new production lines (yes, the recent placement was part of the plan), it won contract after contract and the order books are full on existing capacity for the next few years, and it continue to plan capacity to anticipated growth being in an oligopoly market for specialty rail cars in China.
No one can assure that Midas share price can only rise. Short term play is always at mercy of global market sentiments and BB actions. But on the same breath, to state that price will come down below 68 cents seems casual. Midas is not building railway projects (network). Like another forumer mention, the Chinese rail network is part of a nationalised infrastructure plan - this is not subjected to credit control unlike for luxury housing and SMEs. You can readily read about Chinese rail plans in the Internet - it is expanding at an unprecedented amazing pace and China know it needs this to hold the long term intra-China economy in a coherent manner.
Disclaimer : Just my humble view. Vested.
tankuku ( Date: 02-Feb-2010 20:12) Posted:
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Midas, "CHEONG" AH!!!
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Bon3260 ( Date: 04-Feb-2010 18:55) Posted:
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Hulumas ( Date: 04-Feb-2010 18:50) Posted:
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kingong ( Date: 02-Feb-2010 22:24) Posted:
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Victorf,
On e 20-Jan-2010, u still asking pple 2 buy in dip. How do u explain tis?
victorf ( Date: 20-Jan-2010 12:19) Posted:
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tankuku ( Date: 02-Feb-2010 20:12) Posted:
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hello, are u trying to buy at 68 cents??
how can the railway business get affected? China is so big and prospering . they need good infrastructure. Govt will look into these area.
tankuku ( Date: 02-Feb-2010 20:12) Posted:
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Midas had move more than 55% just because of possible duo listing in HK which had not materalise yet.So all are just speculation. With china tighten credit limit, midas railway project will also be affected
Expect it to drop below $0.68 soon. It was push to this high also because of placement few months ago.
Do take profit or cut lost.Good luck,
:)
Dow Jone +118.20, Today sure Up Up Up!!
Week-Ahead Comment Jan 25: Policy concerns dominate
Written by Joan Ng - The EDGE
THE STRAITS TIMES Index (STI) fell for the second week in a row on continued fears that the Chinese government
is starting to tighten liquidity aggressively. Last week, the STI ended at 2,819.7 points, down 3.1%. Compared
with its high a fortnight ago, it is now down 3.9%, mirroring declines in bourses around the world.
China’s economy grew 8.7% last year, beating the government’s 8% target, while 4Q2009 GDP rose 10.7%, the fastest
growth rate in two years. The country’s central bank has raised the interest rate on its treasury bills to curb
lending.Reports also say that some banks have been told to rein in lending because they failed to meet regulatory
requirements while others have been asked to halt lending for the rest of January. The government is also expected
to hike bank reserve ratios, for the second time this month, by another 50 basis points, before the Lunar New Year.
Compounding the fears, US President Barack Obama chose last week to announce a proposal to overhaul US banks in order
to prevent future financial crises. The plan aims to limit the size and activities of large financial institutions.
However, DBS Vickers continues to believe China’s monetary policy will remain relatively accommodative, though some
gradual normalisation and fine-tuning measures can be expected. Given the number of loans made in the first two weeks
of January, and the growing risk of inflation, it sees recent policy moves as reasonable.
While it would continue to avoid China property plays such as Yanlord Land Group and Pan Hong Property Group in anticipation
of government moves to cool the property market, the brokerage is much more positive on domestic consumption plays like
Wilmar International, Pacific Andes Resources Development, Hong Leong Asia, Midas Holdings and China Animal Healthcare.
:)
Based on TA, the candlestick, stochastic and williams%
stockseeker ( Date: 30-Jan-2010 13:18) Posted:
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The rate at which Midas recovering from the recent STI downturn is a sheer indication of the confidence investors have for this counter.
Rail transportation and its development is gaining considerable pace around the globe and Midas looks to be in a strong position to gain from this momentum.
While Keppel is the next best thing to associate with when it comes to Offshore and Marine Development, Midas is the next best association towards Rail Development.
In good time and stead, it stands to be a global player in this sector.
Barring speculators and shor-term trading, long-term position(s) for this counter looks rosy.
Food for thought: If any big co. / org. is going to consider buying a stake into Midas, it's going to put smiles onto many faces.
Care to comment on the above?
closed $1 ('o' )
( 'o') ( 'o') UP! ('o' ) ('o' ) ('o' )
tradersgx ( Date: 28-Jan-2010 12:00) Posted:
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