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7021-7040 of 10484
long term should be fine..they step up their capacity last year in August to meet market demand..they are expecting more orders to flow in..otherwise no company will do such investment.
then hw much do you think is a reasonable price to get?just bot 20lots at 1.08..thinking to buy some more
tonylim ( Date: 20-Jan-2010 15:57) Posted:
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Be patient - it is really a virtue. The downside is 2 cents and upside is 10 cents. Trading at the moment is not advisable. So take your bet.
kingong ( Date: 20-Jan-2010 12:36) Posted:
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planning for dual listing. definitely a share worth holding for.
it will be too late to buy after the plan becomes real!
Hi risktaker,
what price you think will hit before it dip?
risktaker ( Date: 20-Jan-2010 12:20) Posted:
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I always limit myself to 20% profit or lost... but understand Midas is now uptrend... maybe tis time add another 5% la... thanks bro for the advice... cheers :)
Should exit this counter now and buy on dip
still call for buy on dip for this counter....technically bullish (Market in pause mode and only selected counters will give you good gain within short period)....good luck :)
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| victorf Veteran |
18-Jan-2010 12:38  About victorf  Contact Quote! |
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buy on dip as technically bullish....now in $1.03 - 1.16 wave....good luck :)
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Yours may a an old target (unrevised). Take note of its huge potentials.
WLBO_BB ( Date: 20-Jan-2010 12:06) Posted:
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reached my TP, dun know should sell now???
Cheong ah.....
Midas Holdings, Buy S$1.07, Bloomberg: MIDAS SP
Gathering speed
Price Target : 12-Month S$ 1.30 (Prev S$ 1.10)
By: Paul YONG CFA +86 21 6888 3372
Capacity expansion on track to meet deliveries
Strong order win momentum; >RMB400m YTD with more to follow
Dual-listing in HK gives more expansion options
Maintain BUY, TP raised to S$1.30.
Capacity to hit 50k tonnes per annum by year-end. In an update with
management, we believe that Midas’ third production line is on schedule to
be installed by 2Q10 and that the fourth and fifth lines should also be up
by year-end. With each line having an annual production capacity of 10,000
tonnes per year, this will lift the Group’s capacity to 50,000 tonnes for
2011, an increase of 150% from 2009, to deliver its current order books and
to meet future demand.
Over RMB400m worth of contracts won in 2010 so far, boosting order book to
c. RMB1.6bn. Midas has announced 3 contract wins for its core business thus
far in January - 1) 2 metro contracts worth RMB60m and 2) a high-speed
contract worth RMB353m - and this has boosted its order book to around c.
RMB1.6bn. With China looking to embark on more inter-city railway and metro
projects, Midas is expected to win more contracts.
Dual-listing in HK likely by mid-year. The Group announced in 2H09 that it
was exploring a dual-listing in HK and we believe this is likely to happen
by mid-2010. We also believe that any new equity raised is likely to go
into expanding its production capacity or capabilities, or perhaps even be
used for complementary acquisitions.
Target price raised to S$1.30, based on 20x blended FY10/11 earnings,
Maintain BUY. With 2009 behind us, we roll over our 20x target multiple to
a blend of 2010 and 2011 earnings to derive our new TP of S$1.30 for Midas.
HK peers China South Locomotive and CSR Zhuzhou Times Electric are
currently trading at around 24x FY10 PER and 20x FY10 PER respectively.
Gathering speed
Price Target : 12-Month S$ 1.30 (Prev S$ 1.10)
By: Paul YONG CFA +86 21 6888 3372
Capacity expansion on track to meet deliveries
Strong order win momentum; >RMB400m YTD with more to follow
Dual-listing in HK gives more expansion options
Maintain BUY, TP raised to S$1.30.
Capacity to hit 50k tonnes per annum by year-end. In an update with
management, we believe that Midas’ third production line is on schedule to
be installed by 2Q10 and that the fourth and fifth lines should also be up
by year-end. With each line having an annual production capacity of 10,000
tonnes per year, this will lift the Group’s capacity to 50,000 tonnes for
2011, an increase of 150% from 2009, to deliver its current order books and
to meet future demand.
Over RMB400m worth of contracts won in 2010 so far, boosting order book to
c. RMB1.6bn. Midas has announced 3 contract wins for its core business thus
far in January - 1) 2 metro contracts worth RMB60m and 2) a high-speed
contract worth RMB353m - and this has boosted its order book to around c.
RMB1.6bn. With China looking to embark on more inter-city railway and metro
projects, Midas is expected to win more contracts.
Dual-listing in HK likely by mid-year. The Group announced in 2H09 that it
was exploring a dual-listing in HK and we believe this is likely to happen
by mid-2010. We also believe that any new equity raised is likely to go
into expanding its production capacity or capabilities, or perhaps even be
used for complementary acquisitions.
Target price raised to S$1.30, based on 20x blended FY10/11 earnings,
Maintain BUY. With 2009 behind us, we roll over our 20x target multiple to
a blend of 2010 and 2011 earnings to derive our new TP of S$1.30 for Midas.
HK peers China South Locomotive and CSR Zhuzhou Times Electric are
currently trading at around 24x FY10 PER and 20x FY10 PER respectively.
Yawn~~~~~not much movement now
Maintaine “buy”; Share-price forecast raised to $1.36
Midas Holdings (MIDAS SP):
The supplier of aluminum extrusion profiles used in train carriages had its share-price forecast
raised to $1.36 from $1.07 at DMG & Partners Securities Pte, which maintained its “buy” rating.
Jan'10 DMG
reason for possible run up
1. dual listing in HK.
2. HK is planning a train system to mainchina. Midas involved?
i think some PAP MP is midas directors. can pull string until HK?
Sm of my friends r still holding Midas @ ard 0.50+. They put their monies there 4 long term. Compare FD in e bank. They felt dat Midas' better cos got CDs every Qtr. But now they r planning 2 sell all aft Q4 results. & buy back during Mar10 / May10. Of cos, I'm not advised pple 2 do dat. But they said "Diff pple, diff way of earning monies. If can earn / make monies, who care u r using wat way...".
knightbridge ( Date: 18-Jan-2010 21:30) Posted:
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Will keep Midas for mid to long term for organic growth (as an international player in making train cabins) , for its dual listing, for more contracts, and hopefully good dividend one day
knightbridge ( Date: 18-Jan-2010 21:30) Posted:
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Buying midas is not looking at div play.. at this stage... Pathetic div... Investors should be looking for growth.. organic and expansion mode.. Whether will be a big train manufacturer 5 years down the road like some french or US train maker.
Bon3260 ( Date: 18-Jan-2010 13:24) Posted:
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Hope it will surge above $1.10 with the announcement of the new contract
dizzifying ( Date: 18-Jan-2010 15:25) Posted:
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Honestly, I feel like playong contra now. After CNY, I hope to invest:)
Bon3260 ( Date: 18-Jan-2010 15:02) Posted:
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