Latest Posts By richtan
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| 24-Sep-2009 14:53 |
Midas
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Midas
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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. 
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| 24-Sep-2009 14:46 |
Midas
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Midas
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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. 
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| 24-Sep-2009 14:32 |
Midas
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Midas
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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%. |
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| 24-Sep-2009 14:30 |
Midas
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Midas
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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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| 24-Sep-2009 14:27 |
Midas
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Midas
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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) |
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| 24-Sep-2009 14:26 |
Midas
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Midas
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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
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| 24-Sep-2009 14:23 |
Midas
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Midas
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or should I say ".... in the panties"
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| 24-Sep-2009 14:22 |
Midas
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Midas
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 Scared scared, scared wait pee in the pants
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| 24-Sep-2009 11:49 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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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. 
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| 24-Sep-2009 11:01 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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I believe HSI is merely undergoing some corrections as it had aredi run up a lot:
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| 24-Sep-2009 10:52 |
Others
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Market News that affect STI
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| 24-Sep-2009 00:04 |
Midas
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Midas
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Seems to have contradiction in the daily n weekly/mthly "acc/dist" Daily acc/dist seems to show dist but both weekly n mthly shows acc.
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| 23-Sep-2009 23:49 |
Midas
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Midas
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The "acc/dist" seems to contradict the obv as they are moving in opposite direction.
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| 23-Sep-2009 23:46 |
Midas
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Midas
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Yup, I fully agree with u. Btw, I had pm u for some advice.
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| 23-Sep-2009 23:44 |
Midas
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Midas
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Hi Bintang, Is my view in the earlier post (see below) correct, your comments appreciated.
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| 23-Sep-2009 23:21 |
Midas
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Midas
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Hi Bintang, Can kindly give your view on this "acc/dist". Thanks a lot
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| 23-Sep-2009 23:19 |
Midas
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Midas
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I fully agree with u. Btw, can give me your view on my earlier reply to zelphon on tat "acc/dist" issue. Thanks a lot, Bintang
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| 23-Sep-2009 22:40 |
Midas
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Midas
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Hi Zelphon, I would sincerely appreciate if u dun mind share n post your chart to show the distribution. If u r refering to the "Accumulation/Distribution" feature which is also available in chartNexus, I can tell u it is not reliable, if u dun believe, eg. trace back to the past whereby the "acc/dist" shows distribution (downslope?) from 7/5/09 to 13/7/09, but notice tat during tat period, the price is trending upwards. Maybe I m wrong n hope to learn from u. Thanks
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| 23-Sep-2009 21:14 |
Midas
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Midas
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Hi tony, Many thanks for the effort.
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| 23-Sep-2009 19:00 |
AusGroup
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AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual general meeting of AusGroup Limited (the “Company”) will be held at Anson Rooms 3 & 4, Level 2, M Hotel Singapore, 81 Anson Road, Singapore 079908 on Tuesday, 13 October 2009 at 3.00 p.m. NOTICE OF BOOKS CLOSURE AND DIVIDEND PAYMENT DATES NOTICE IS HEREBY GIVEN that the share transfer books and register of members of AusGroupLimited (the “Company”) will be closed on 24 October 2009 for the purpose of determining members’ entitlements to the final one-tier tax exempt dividend of 0.64 Singapore cents per ordinary share for the year ended 30 June 2009. Members whose securities accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 23 October 2009 will be entitled to the dividend. The dividend, if approved by members at the Company’s annual general meeting to be held on 13 October 2009, will be paid on 6 November 2009. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_B48A2FE4D2D9D2534825763A0005E914/$file/AusGroup.Notice.Of.AGM.pdf?openelement |
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