ShareJunction - Member Posts

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.

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.

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.

x 1

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

x 0

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???

x 0

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.

x 0

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.

x 1

x 0

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!

x 0

Support at 0.865, centreline of uptrend channel (see my chart in earlier post), if break next support at 0.84 followed by 0.81.

All the trendlines ranging from 15ema to 65ema still trending up.

keepnosecrets ( Date: 28-Sep-2009 10:09) Posted:

Too many failed attempts by Midas to break and stay above 90.5 and 91.5 beacons bad feelings for me. It will drop to <0.85 before it might try to stage another attempt. Hope the next round will do better.

x 3

0.725 is at the 20ema, next support is at 0.705 (30ema) n the 20ema to 65ema all still trending up.

bennykusman ( Date: 28-Sep-2009 09:48) Posted:

fall to 0.725 now.. ;(

Bintang ( Date: 28-Sep-2009 09:30) Posted:

Hi richtan , u are welcomed , yes , HUAT together

x 1

x 0

Benny,

It is $6.40 per lot

bennykusman ( Date: 28-Sep-2009 09:55) Posted:

check with u guys for the ausgroup div.

it's written 0.64 cent per share.. so if i have 1lot, i will get 64 dollar ?

x 2

x 1

Hi Bintang,

Smiley Smiley Smiley Many thanks for your sharing.

Lets HUAT together.

Bintang ( Date: 28-Sep-2009 07:33) Posted:

From the technical view, AusGroup is now in its sideway movements at the time being . But look at the monthly chart , now may be is the right time to accumulate . Monthly Aroon indicator is turning positive this month .Aroon up just shot up n crossed Aroon down , Aroon up has reached 100 n Aroon down is at 21 . Aroon indicators last turned positive was in Oct 2006 n share price was 48 cents , by the time Aroon indicator was turning down , the share price was already peaked at $2.18 . The history may repeat again this time because AusGroup FA looks more stronger now .

x 1

x 0

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

yipyip ( Date: 27-Sep-2009 23:46) Posted:

Recommendations for Midas Holdings Limited
Consensus Recommendation: Outperform

Analyst Recommendations and Revisions:

Current:
(1) BUY:                           3
(2) OUTPERFORM:          1
(3) HOLD:                         1
(4) UNDERPERFORM:     0
(5) SELL:                           0

Mean Rating 1.60

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)

yipyip ( Date: 27-Sep-2009 23:46) Posted:

Recommendations for Midas Holdings Limited
Consensus Recommendation: Outperform

Analyst Recommendations and Revisions:

Current:
(1) BUY:                           3
(2) OUTPERFORM:          1
(3) HOLD:                         1
(4) UNDERPERFORM:     0
(5) SELL:                           0

Mean Rating 1.60

x 0

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"

yipyip ( Date: 27-Sep-2009 23:46) Posted:

Recommendations for Midas Holdings Limited
Consensus Recommendation: Outperform

Analyst Recommendations and Revisions:

Current:
(1) BUY:                           3
(2) OUTPERFORM:          1
(3) HOLD:                         1
(4) UNDERPERFORM:     0
(5) SELL:                           0

Mean Rating 1.60

x 0

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%.

yipyip ( Date: 27-Sep-2009 23:46) Posted:

Recommendations for Midas Holdings Limited
Consensus Recommendation: Outperform

Analyst Recommendations and Revisions:

Current:
(1) BUY:                           3
(2) OUTPERFORM:          1
(3) HOLD:                         1
(4) UNDERPERFORM:     0
(5) SELL:                           0

Mean Rating 1.60

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.

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.

x 1

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

.

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.