wah! TALKING up your counter again? hee...gd luck! :D
richtan ( Date: 30-Sep-2009 10:54) Posted:
Patience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".
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 monthsience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".
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 your counter again? hee...gd luck! :D
richtan ( Date: 30-Sep-2009 10:54) Posted:
Patience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".
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 monthsience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".
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
richtan ( Date: 28-Sep-2009 19:25) Posted:
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"
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too bad Zhou Yu wont let it happen :)
wah! TALKING up your counter again? hee...gd luck! :D
richtan ( Date: 30-Sep-2009 10:54) Posted:
Patience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".
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 monthsience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".
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
richtan ( Date: 28-Sep-2009 19:25) Posted:
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"
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|
|
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Patience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".
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
richtan ( Date: 28-Sep-2009 19:25) Posted:
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"
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PM Wen has last week announced that there will be an accelerated development to double the railway networks of 6 provinces in Central China
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. 
Below is my 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. 
risktaker ( Date: 30-Sep-2009 10:32) Posted:
zhuge liang is not in the market ... hes withdrawing from market atm :) Zhou Yu too i guess unless he has other plans. Zhou Yu is a BB controlling GoldenAgr, Midas and others stock
niuyear ( Date: 30-Sep-2009 10:24) Posted:
| So let me think, is Zhou Yu a Clam and Zhu ge liang a Snipe? We need living things like them to help fishermen rip the rewards. Cheers |
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hahaha ! look at this -
Why Naked Shorting Isn't Really That Different From Regular Short Selling: The Two Cows Version
 Still confused about why you shouldn't be worked up over naked short selling? We understand. It's terribly complex and full of words that make your eyes glaze over.
So we decided to break it down into the simplest terms Wall Street transactions can be explained: the two cows story.
This is a simplification, since it leaves out the role of a clearing house. But that's the point: to simplify a very complicated process.
Traditional Short Selling: Two Cows
You neighbor Joe has two cows. You borrow the cows.
You sell two cows your other neighbor Henry.
Henry agrees to pay you $100 for each cow.
At this point, you are net short two cows. You have the two you borrowed from Joe but you owe a total of four: two to Henry and two to Joe.
You go out into the market and look for more cows so you can give Joe his two cows back.
You hope the price is less than $100 per cow. If the price of cows drops to $80, you just made $20 on each cow. If it climbs to $120, you lost the same amount on each cow.
Either way you close out the trade by delivering cows to Henry, collecting the money for delivery, and buying Joe the replacement cows.
Naked Short Selling: Two Cows
Your neighbor Joe has two cows. You don’t borrow them.
You sell two cows to your neighbor Henry with a promise to deliver them in a few days.
Henry agrees to pay you $100 for each cow.
At this point, you are net short two cows. You don't have any cows but you owe a total of two: both of them to Henry.
You go out into the market and look for more cows so you can deliver two cows to Henry.
You hope the price is less than $100 per cow.
If the price of cows drops to $80, you just made $20 on each cow. If it climbs to $120, you lost the same amount on each cow.
You close out the trade by delivering cows to Henry and collecting the money for delivery.
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Good luck to u, but may probably be like dangling a carrot on a pole tied to your neck, tempting u but out of reach, makes u salivating, gian gain. lau how soi.