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Midas

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.

 

Good Midas did announce contract before Q3 contract. Its a mid-size contract and we need more contracts :)

These few days you will see midas surge but my suggestion is do not keep it over this weekend. 

risktaker      ( Date: 18-Sep-2009 21:04) Posted: Yes Oct is indeed critical. Hopefully Chinese Central government will not favour other 3 Makers. Also everyone must remember no one can guarantee they can win the contract (nothing is 100%) however midas has great potential. So far the odds of winning new contracts is still over 95%. I know some big shot kid while i am in australia, so i know how the chinese government contract works :) 25% of getting a blackjack :) (Major Contracts) 35% of getting a 20 :) ( Mid-size Contracts) 30% of getting a 17 :) (Small-size Contracts) 5% of getting no new contracts So the odds are quite ok la.  DnApeh      ( Date: 18-Sep-2009 20:49) Posted: October is crucial period leh. Think carefully. If not sure, sell 1st.Can always buy back one. Scared no money only.

 

thats why i still support midas when it falls below 0.90 all day :) because i think they might get the contract soon :P

Bintang      ( Date: 28-Sep-2009 19:53) Posted: Hope the good news would send the share price up n out of the weekly rectangular box formation  , from here starting  the long term uptrend . Bintang      ( Date: 27-Sep-2009 10:58) Posted: Although Midas did not close above 90 cents on Friday , it did not derail the upward trend . By checking its monthly chart , the Aroon Up is at 100 , n the Aroon Down is at 21 , this indicates that the uptrend has  just started   from here . The same thing happened in 2006 , during the last bull run , the Aroon Up went up to 100 at Dec2005 n lasted for almost 3 years then went down to cross the Aroon Down in Mar2008, then the uptrend came to an end . Therefore , Midas long term uptrend may start from this month . ( Last bull run , Midas started from 36 cents n went all the way to $2.20 according to Aroon Up n Down .)

 

Hope the good news would send the share price up n out of the weekly rectangular box formation  , from here starting  the long term uptrend .

Bintang      ( Date: 27-Sep-2009 10:58) Posted: Although Midas did not close above 90 cents on Friday , it did not derail the upward trend . By checking its monthly chart , the Aroon Up is at 100 , n the Aroon Down is at 21 , this indicates that the uptrend has  just started   from here . The same thing happened in 2006 , during the last bull run , the Aroon Up went up to 100 at Dec2005 n lasted for almost 3 years then went down to cross the Aroon Down in Mar2008, then the uptrend came to an end . Therefore , Midas long term uptrend may start from this month . ( Last bull run , Midas started from 36 cents n went all the way to $2.20 according to Aroon Up n Down .)

 

of course i know u didnt sell. just TCSS. 

Buy Brokerage Fee	2,365.00
Clearing Fee (0.04%)	344.00
Access Fee (0.0075%)	64.50
GST (7.0%)	194.15
Buy Value	862,967.65

 

richtan      ( Date: 28-Sep-2009 19:44) Posted: U are asking me a very stupid question, I m sure u can judge from all my postings the very obvious answer risktaker      ( Date: 28-Sep-2009 19:38) Posted: haha did u sold your shares today ?

 

U are asking me a very stupid question, I m sure u can judge from all my postings the very obvious answer

risktaker      ( Date: 28-Sep-2009 19:38) Posted: haha did u sold your shares today ? richtan      ( Date: 28-Sep-2009 19:37) Posted: It could be intentional push-down to accumulate more at lower price by those whom had been anticipating or probably those with "insider info" on all thses huge contracts

 

 I expect hitting $1.00 by Wednesday.

 

haha did u sold your shares today ?

richtan      ( Date: 28-Sep-2009 19:37) Posted: It could be intentional push-down to accumulate more at lower price by those whom had been anticipating or probably those with "insider info" on all thses huge contracts. bennykusman      ( Date: 28-Sep-2009 17:37) Posted: but im wondering, why the stock goes down so much today :(

 

It could be intentional push-down to accumulate more at lower price by those whom had been anticipating or probably those with "insider info" on all thses huge contracts.

bennykusman      ( Date: 28-Sep-2009 17:37) Posted: but im wondering, why the stock goes down so much today :( maseratiq      ( Date: 28-Sep-2009 17:33) Posted: This is the day I've been waiting for!  This contract is definitely MORE than any analyst has expected!!! Any chance of the sell down today is "Selling On News"? Personally, I don't think so since there is no sign of the stock being chased up since dual listing thingy. Tomorrow S$1.00???

 

Wah not a bad day today.... collect until song song. 

 

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" maseratiq      ( Date: 28-Sep-2009 17:49) Posted: I checked with a few "experienced" fellas and they said it's the whole market weak. Furthermore, Midas was running on "Dual Listing" fuel and now everyone Blind Sided by the contract. To be honest, I'm also caught off guard. Nevertheless, let's hope that for the best. The amount is definitely a shocker - unbelievable! Furthermore, the absolute lack of warning whatsoever - like a lightning bolt from out of the blue.  If there are more to come, I cannot imagine the impact. RichTan, please say something. I rely on you in the dark hours of pessimism and also such moments of glory.

 

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"

maseratiq      ( Date: 28-Sep-2009 17:49) Posted: I checked with a few "experienced" fellas and they said it's the whole market weak. Furthermore, Midas was running on "Dual Listing" fuel and now everyone Blind Sided by the contract. To be honest, I'm also caught off guard. Nevertheless, let's hope that for the best. The amount is definitely a shocker - unbelievable! Furthermore, the absolute lack of warning whatsoever - like a lightning bolt from out of the blue.  If there are more to come, I cannot imagine the impact. RichTan, please say something. I rely on you in the dark hours of pessimism and also such moments of glory.

 

 All the clients will curse n swear at tat stupid broker, thus why dun anyhow believe all these brokers, I too learnt from my past bitter experiences, better trust own analysis.

maseratiq      ( Date: 28-Sep-2009 18:04) Posted: My broker almost fainted when I broke the news to her.... she urged all her clients to sell Midas today.  She didn't bother to call me cause she knew I won't give up on this baby!

 

ala.. i bought at today's high..

maseratiq      ( Date: 28-Sep-2009 18:27) Posted: I just looked at the charts on the day Midas released the first contract this year on 16th June 2009. Coincidentally it was treading down and closed at 60 something cents only to shoot up the next days - helped no less by the extra few contract announcements. Weird!

 

I just looked at the charts on the day Midas released the first contract this year on 16th June 2009.

Coincidentally it was treading down and closed at 60 something cents only to shoot up the next days - helped no less by the extra few contract announcements. Weird!

 

Yeah man! Let's keep the contracts rolling!


I still stick firm to the belief of investing in the company, not the stock...A good day perhaps for midas tomorrow?


Will like to take this opportunity to thank the shifus who had previously advised me on whether to sell my shares when i'm away in Europe next month too. Thanks to all who had provided me with advice.

 

My broker almost fainted when I broke the news to her.... she urged all her clients to sell Midas today. 

She didn't bother to call me cause she knew I won't give up on this baby! 

 

News was released after hours. So definately not Selling on News. I think you can expect Midas to go up a fair bit tomorrow.

maseratiq      ( Date: 28-Sep-2009 17:33) Posted: This is the day I've been waiting for!  This contract is definitely MORE than any analyst has expected!!! Any chance of the sell down today is "Selling On News"? Personally, I don't think so since there is no sign of the stock being chased up since dual listing thingy. Tomorrow S$1.00???

 

I checked with a few "experienced" fellas and they said it's the whole market weak. Furthermore, Midas was running on "Dual Listing" fuel and now everyone Blind Sided by the contract. To be honest, I'm also caught off guard. Nevertheless, let's hope that for the best. The amount is definitely a shocker - unbelievable! Furthermore, the absolute lack of warning whatsoever - like a lightning bolt from out of the blue.

 If there are more to come, I cannot imagine the impact.

RichTan, please say something. I rely on you in the dark hours of pessimism and also such moments of glory.