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Happy Hor :) Midas will chong soon .... hor zhou yu :P
thanks!~
richtan ( Date: 07-Oct-2009 11:30) Posted:
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Hi Benny,
I read this posting in CNA forum, copy n paste here just for sharing:
sessam
Joined: 31 Aug 2006
Posts: 3042
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 Posted: Tue Oct 06, 2009 5:34 pm Post subject: |
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| Midas do not respond to good or bad news like others. It is a long term big fund stock not for short term trading. Go to her past movements she may go down after anouncements of contracts, but also note Midas has a characteristic of being depressed under accumulations and suddenly running up 5% to10% unexpectedly. This is a growth counter not for the gambling, see it as serious investment. If you had dared to buy Midas in Mar 09 you would have more than doubled even at the depressed price now. If Midas is now $2 with a bigger float she will attract the like of Warren Buffett. |
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bennykusman ( Date: 07-Oct-2009 11:25) Posted:
| im just wondering why midas slowly go up, not like ausgroup...
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Midas 有 性 格！
richtan ( Date: 07-Oct-2009 11:30) Posted:
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Hi Benny,
I read this posting in CNA forum, copy n paste here just for sharing:
sessam
Joined: 31 Aug 2006
Posts: 3042
|
| Posted: Tue Oct 06, 2009 5:34 pm Post subject: |
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| Midas do not respond to good or bad news like others. It is a long term big fund stock not for short term trading. Go to her past movements she may go down after anouncements of contracts, but also note Midas has a characteristic of being depressed under accumulations and suddenly running up 5% to10% unexpectedly. This is a growth counter not for the gambling, see it as serious investment. If you had dared to buy Midas in Mar 09 you would have more than doubled even at the depressed price now. If Midas is now $2 with a bigger float she will attract the like of Warren Buffett. |
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bennykusman ( Date: 07-Oct-2009 11:25) Posted:
| im just wondering why midas slowly go up, not like ausgroup...
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slow and steady.. b4 correction its above 90cts n at the same time they announe getting contract that will boast their earnings. smelly smelly also worth above 90cts.
of course low volume la ... :) There is no strong buying today
JJSeng ( Date: 07-Oct-2009 11:30) Posted:
No volume and moving very slowing
jennytan ( Date: 07-Oct-2009 11:14) Posted:
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"Trade Summary" at this point in time shows more buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:
| WEIGHTED AVG PRICE : 0.8259 |
LAST DONE PRICE : 0.830 |
| SPREAD/PRICE RATIO : 0.0060 |
AVG TRADE SIZE : 25.903 |
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No volume and moving very slowing
jennytan ( Date: 07-Oct-2009 11:14) Posted:
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"Trade Summary" at this point in time shows more buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:
| WEIGHTED AVG PRICE : 0.8259 |
LAST DONE PRICE : 0.830 |
| SPREAD/PRICE RATIO : 0.0060 |
AVG TRADE SIZE : 25.903 |
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buylist ( Date: 07-Oct-2009 10:38) Posted:
| Midas should move up from here. Someone just swallow 500 lots at 83c |
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Hi Benny,
I read this posting in CNA forum, copy n paste here just for sharing:
sessam
Joined: 31 Aug 2006
Posts: 3042
|
| Posted: Tue Oct 06, 2009 5:34 pm Post subject: |
|
|
| Midas do not respond to good or bad news like others. It is a long term big fund stock not for short term trading. Go to her past movements she may go down after anouncements of contracts, but also note Midas has a characteristic of being depressed under accumulations and suddenly running up 5% to10% unexpectedly. This is a growth counter not for the gambling, see it as serious investment. If you had dared to buy Midas in Mar 09 you would have more than doubled even at the depressed price now. If Midas is now $2 with a bigger float she will attract the like of Warren Buffett. |
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bennykusman ( Date: 07-Oct-2009 11:25) Posted:
| im just wondering why midas slowly go up, not like ausgroup...
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Below is my long-term chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
im just wondering why midas slowly go up, not like ausgroup...
I had been posting almost everyday the below writeup from OCBC Investment Research:
Midas's firm order book of 1.4 billion yuan (S$296 million), more anticipated contract wins in Sept - Nov 2009... will serve to under-gird valuations"
From "Lim & Tan securities":
We remain positive on Midas given its robust
growth prospects, underpinned by its robust order
books of RMB1.4bln as well as the robust prospects
of its 32.5% owned subsidiary company, also
underpinned by solid order books of RMB4.5bln.
And this in turn reflects the government’s active
efforts to support the railcar industry in China to
reduce transportation bottlenecks as well as reduce
transportation costs. Rail transportation is much
cheaper than air travel and is much safer and causes
much less pollution than automotive transportation.
The company will be increasing their production
capacity by 200% in the next 2 years to cope with
the strong order flows. Its PE of 20x remains
undemanding compared to its expected growth rate
of 40-50%.
From OCBC Investment Research:
Midas Holdings:
Evaluating listing in HK.
Maintain BUY.
Midas Holdings (Midas) announced today that it is planning a secondary listing of its shares on the Main Board of the Stock Exchange of HongKong.
Midas has appointed Credit Suisse (Hong Kong) to assist the group in evaluating and preparing for this listing.
Mr Patrick Chew, CEO, says that Midas "is now ready to take Midas towards the next development phase and is optimistic that a listing on both the Singapore and HongKong bourses will allow Midas to tap into a wider investor base, increase liquidity and enhance the stock value".
Hong Kong valuations tend to be richer and this could bode well for dual-listed Singapore stocks.
Maintain BUY, fair value of S$1.05.
(Kelly Chia)
"Trade Summary" at this point in time shows more buying-up, but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:
| WEIGHTED AVG PRICE : 0.8259 |
LAST DONE PRICE : 0.830 |
| SPREAD/PRICE RATIO : 0.0060 |
AVG TRADE SIZE : 25.903 |
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buylist ( Date: 07-Oct-2009 10:38) Posted:
| Midas should move up from here. Someone just swallow 500 lots at 83c |
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Who can be so certain that Warren Buffet will not buy Midas? Bet that if WB or his likes, knows about Midas, he would buy one-third of all the shares in Midas. This is because the future is as bright as the morning sun.
Midas does not just depend on trains, read extract from below:
Life after trains:
Over the longer term, management will look into other feasible, promising industries such as aviation to continue its growth.
I had been posting almost everyday the below writeup from Kim Eng:
Midas – Company update (James KOH 64321431)
Previous day closing price: $0.865
Recommendation: Buy (maintained)
Target price: $1.15 (Previously $0.985)
Still packing the theatre
We recently hosted a roadshow for Midas in the US, which was very well-received by funds.
The exciting growth prospects within the China rail infrastructure space continue to capture the
imagination, with the main discussion points being the competition within this space, the sustainability of growth for Midas and the progression on expansion.
A smaller share of the bigger pie
While Midas still holds a clear lead in terms of certification and track record,
management expects competition to intensify, with listed peers such as Shandong Nanshan (Shanghai) and Zhongwang (HK) stating their intentions to break into this market.
Going forward, they believe achieving a lower 50-60% market share of this growing pie would be a more reasonable target, which will still ensure strong growth.
Life after trains
Improving the rail infrastructure network is an important government initiative, with current directives providing clear visibility over the next 2-3 years. Even subsequent to the stimulus package, we expect this program to continue.
Over the longer term, management will look into other feasible, promising industries such as aviation to continue its growth.
Progress on the installation of 4th and 5th extrusion lines
We now expect the 4th and 5th extrusion lines to come on stream by 2Q09 and 4Q09, earlier than our earlier estimates.
Our model factors in Midas winning a 50%-60% market share of the upcoming round of orders, which is twice the size of the first round. This will already keep all its five extrusion lines busy at about 75% utilisation.
Much more tracks to run
We adjust our earnings to take into account higher effective capacity in FY10 and higher tax rates in FY11.
We now peg our target price to 20X FY10E.
We believe the Chinese rail industry is still at its early-mid cycle.
With the Ministry of Railway due to announce the 2nd round of high-speed train orders, we expect orders to flow down to Midas within 3-4 months
risktaker ( Date: 07-Oct-2009 10:04) Posted:
Whats next after stimulus ? Will be the question people asking. With the increased capacity can Midas keep it up its utilization of its available resources ? Investors buy for potential huge growth in 5-10 years. Can we see Midas achieving it after China stimulus ? People have doubts. Within 2 -3 years I will expect Midas earning reached its peak and its trading share price will be around SGD $2-3 based on its Earnings X. Warren buffet wont enter Midas on few reasons which i will not reveal. But if your smart you can make a guess :)
keepnosecrets ( Date: 07-Oct-2009 09:51) Posted:
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I think no strict rules on free float of shares. What is more important is the value of the shares. I think most big guns look at least at the future growth of the company. They already have so much money, the immediate has no impact on the finances, so the future growth is more important. I heard they made their weath from investing in relatively unknown stocks that eventually showed big potentials and growth, multiplying the value of their shareholdings not in terms of quantity but in worth (quality). If you invested in just 2000 shares in Google when it was below US$30 per share, many many years back, you would have reaped more than US$1.8 million when the shares peaked around US$900 or more with splits, dividends and bonuses. There are also many examples of unknown shares risen thousands of times their original value so that is why we have so many super duper rich people in US who made it from Wall St. |
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Just hit $1 enough for me liao..
risktaker ( Date: 07-Oct-2009 10:04) Posted:
Whats next after stimulus ? Will be the question people asking. With the increased capacity can Midas keep it up its utilization of its available resources ? Investors buy for potential huge growth in 5-10 years. Can we see Midas achieving it after China stimulus ? People have doubts. Within 2 -3 years I will expect Midas earning reached its peak and its trading share price will be around SGD $2-3 based on its Earnings X. Warren buffet wont enter Midas on few reasons which i will not reveal. But if your smart you can make a guess :)
keepnosecrets ( Date: 07-Oct-2009 09:51) Posted:
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I think no strict rules on free float of shares. What is more important is the value of the shares. I think most big guns look at least at the future growth of the company. They already have so much money, the immediate has no impact on the finances, so the future growth is more important. I heard they made their weath from investing in relatively unknown stocks that eventually showed big potentials and growth, multiplying the value of their shareholdings not in terms of quantity but in worth (quality). If you invested in just 2000 shares in Google when it was below US$30 per share, many many years back, you would have reaped more than US$1.8 million when the shares peaked around US$900 or more with splits, dividends and bonuses. There are also many examples of unknown shares risen thousands of times their original value so that is why we have so many super duper rich people in US who made it from Wall St. |
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Midas should move up from here. Someone just swallow 500 lots at 83c
For those who have different views or can provide other rules , can u please post ?
richtan ( Date: 07-Oct-2009 10:24) Posted:
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I too fully agree with u.
I have this "2 days" rule based on closing price, not intraday high nor low to avoid fakes.
Bintang ( Date: 07-Oct-2009 10:01) Posted:
| If the support at 81 cents did not penetrate for two days in a row , it is known as invalid break down , so the chances to go up is more than that to come down |
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I too fully agree with u.
I have this "2 days" rule based on closing price, not intraday high nor low to avoid fakes.
Bintang ( Date: 07-Oct-2009 10:01) Posted:
If the support at 81 cents did not penetrate for two days in a row , it is known as invalid break down , so the chances to go up is more than that to come down .
richtan ( Date: 07-Oct-2009 09:53) Posted:
From OCBC Investment Research:
Market Pulse
Midas and Tat Hong look interesting at current levels.
Stocks offering exposure to infrastructural play in the region will continue to outperform as we have seen
still healthy investments into building up infrastructures in the region.
We believe that present market weakness will be an opportune time to accumulate these stocks.
In this space, we continue to like Midas [BUY, fair value estimate of S$1.05 versus current price of $0.81]
and Tat Hong [BUY, fair value of S$1.15 and current price of $0.99].
Midas has taken a big hit, down 14.7% from the recent high of S$0.905 when it announced a possible listing
in Hong Kong to a recent low of S$0.785. At current levels, and with a large backlog, we continue to re-iterate
our BUY rating for the stock.
Tat Hong is also poised to be another beneficiary of the infrastructural spending in China and India.
We expect the company to see better earnings ahead, supported by contributions from both countries. Refer
to our Tat Hong full report today for more details. The stock has also fallen 13.5% from recent high of $1.11
to a recent low of 96 cents. At current level, we are upgrading the stock to a BUY. |
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Whats next after stimulus ? Will be the question people asking. With the increased capacity can Midas keep it up its utilization of its available resources ?
Investors buy for potential huge growth in 5-10 years. Can we see Midas achieving it after China stimulus ? People have doubts. Within 2 -3 years I will expect Midas earning reached its peak and its trading share price will be around SGD $2-3 based on its Earnings X.
Warren buffet wont enter Midas on few reasons which i will not reveal. But if your smart you can make a guess :)
keepnosecrets ( Date: 07-Oct-2009 09:51) Posted:
|
I think no strict rules on free float of shares. What is more important is the value of the shares. I think most big guns look at least at the future growth of the company. They already have so much money, the immediate has no impact on the finances, so the future growth is more important. I heard they made their weath from investing in relatively unknown stocks that eventually showed big potentials and growth, multiplying the value of their shareholdings not in terms of quantity but in worth (quality). If you invested in just 2000 shares in Google when it was below US$30 per share, many many years back, you would have reaped more than US$1.8 million when the shares peaked around US$900 or more with splits, dividends and bonuses. There are also many examples of unknown shares risen thousands of times their original value so that is why we have so many super duper rich people in US who made it from Wall St.
risktaker ( Date: 07-Oct-2009 09:27) Posted:
| Genting is one :) Midas never ever
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