Latest Posts By richtan
- Supreme
About richtan
|
|
| 12-Oct-2009 23:14 |
Others
/
Posting charts on forum
 Go to Message
|
||||||||
 x 0
 x 0
|
I had created a thread on how to post charts, follow the steps in "General", "Trading Techniques", "Learning TA".
|
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 23:08 |
AusGroup
/
AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
Go to Message
|
||||||||
|
x 0
x 0
|
Yes, it is forming a lower high but it did not form a lower low and in fact today's candle is a bullish harami. If today's low is broken, it may correct to the support line but as long as it is within the bullish flag pattern and does not break below the support, there is a possiblity of a continuation of the bullish flag pattern (see my chart analysis below). The above is just my view and I may be right or wrong, so dyodd n BOSAYOR.
|
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 21:47 |
AusGroup
/
AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
Go to Message
|
||||||||
|
x 0
x 0
|
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. 
|
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 21:42 |
AusGroup
/
AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
Go to Message
|
||||||||
|
x 0
x 0
|
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 Post Bad Post | |||||||||
| 12-Oct-2009 21:20 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 0
x 0
|
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. 
|
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 21:18 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 1
x 0
|
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 Post Bad Post | |||||||||
| 12-Oct-2009 21:07 |
Others
/
My PortFolio
Go to Message
|
||||||||
|
x 0
x 0
|
Fully agree with u, too many counters to concentrate n managed, advisable to trim off those with poor or not so good FA n TA and those tat hit stop-loss.
|
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 11:51 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 2
x 3
|
U have to look at the whole picture in perspective, it had aredi run-up for 4 days, bouncing up from a low of 0.785, so some profit-taking n consolidation is healthy n not un-expected.
|
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 11:11 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 2
x 2
|
From Kim Eng Research: Midas Holdings – company update (James KOH 64321431) Previous day closing price: $0.865 Recommendation: Buy (maintained) Target price: $1.15 (maintained) The mad rush for contracts starts now. After some delays, the China Ministry of Railways has awarded the 2nd round of high-speed train contracts, with the CSR Group announcing on September 28 that it and its joint venture with Bombardier has won contracts for 4,160 train cars worth a total of RMB72.4b. We expect suppliers such as Midas to start vying for these contracts. Midas is in a strong position to compete This order is larger than the first round of orders awarded to the CNR Group, which was for 1,600 train cars valued at RMB39b. These comprised of a RMB45b contract for CSR Qingdao Sifang and a RMB27.4b contract for Bombardier Sifang (JV with Bombardier). While the former traditionally used Japanese suppliers, we believe there may be a “Buy China” policy this time which will work in Midas’s favor. On the NPRT front Midas’s JV company, Nanjing SR Puzhen Rail Transport was recently awarded a RMB1.76b, 288 train cars contract for the Hangzhou Metro Line 1 project. With earnings only recognised upon delivery, this contract to be delivered between May 2011 and August 2013 implies associate contribution of about $3.5m per year for FY12 and FY13. Proposed secondary listing in Hong Kong, another platform for equity fund-raising We believe this will be done via issuing new shares to be listed there, with an expected timeline of 9-12 months. This will widen the investor base, for example funds which only has mandate toinvest in the HK market. This will also possibly facilitate equity fund-raising for the next round of investments in production expansion to match demand. Contracts wins are impending Our revenue model assumes Midas will win about 50-60% market share of the 2nd round oforders, which will be worth an estimated $175m. Depending on the time line of delivery, orders above that could mean earnings upside. We expect Midas to be in a good position to achieve strong orders which should flow down in about 3 months. |
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 09:50 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 2
x 2
|
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" |
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 09:49 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 1
x 2
|
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%. |
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 09:48 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 0
x 0
|
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) |
||||||||
| Good Post Bad Post | |||||||||
| 12-Oct-2009 09:47 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 0
x 0
|
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 |
||||||||
| Good Post Bad Post | |||||||||
| 09-Oct-2009 18:45 |
Others
/
Happy Weekend~
Go to Message
|
||||||||
|
x 0
x 0
|
Ooooh... I see, EPL, not BPL
|
||||||||
| Good Post Bad Post | |||||||||
| 09-Oct-2009 18:28 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 0
x 0
|
Alemak, siow liow, hope he/she honour his/her words.
|
||||||||
| Good Post Bad Post | |||||||||
| 09-Oct-2009 18:22 |
Others
/
Happy Weekend~
Go to Message
|
||||||||
|
x 0
x 0
|
Ooops, pardon my ignorance, btw, wat is "BPL" plse. Thks
|
||||||||
| Good Post Bad Post | |||||||||
| 09-Oct-2009 15:06 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||||||||
|
x 0
x 0
|
In today's Straits Times, "Bulls n Bears": Citigroup group noted in a global equities report tat further setbacks would be seen as a buying opportunities.
|
||||||||
| Good Post Bad Post | |||||||||
| 09-Oct-2009 14:39 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||||||||
|
x 0
x 0
|
It would be more healthy for DOW and all indices to have some minor pullbacks after a few days of run-ups. Btw, noticed u like to type Djow, it should be either DOW or DJ, hope u dun mind.
|
||||||||
| Good Post Bad Post | |||||||||
| 09-Oct-2009 14:12 |
AusGroup
/
AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
Go to Message
|
||||||||
|
x 0
x 0
|
Bon3260, Let me quote prophet's post in another thread:
|
||||||||
| Good Post Bad Post | |||||||||
| 09-Oct-2009 14:06 |
Midas
/
Midas
Go to Message
|
||||||||
|
x 0
x 0
|
mediacraze, U r most welcome, it is my pleasure n passion to share just as I had benefited from fellow forumers sharing. Lets share n HUAT together.
|
||||||||
| Good Post Bad Post | |||||||||
x 0 
x 0 | First < Newer 121-140 of 3268 Older> Last |