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This is the leading logistic company and gives good dividend; should hit above $1 easily
bishan22 ( Date: 06-Sep-2010 16:25) Posted:
Huat liao. keke. |
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Any reason for the halt?
Cash Offer?
1234567 ( Date: 24-May-2010 07:10) Posted:
| Be careful ... price may drop further on/after 7 Jun 2010 (ex-dividend). |
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Buy calls from brokerage firms - with TPs ranging from$1.30 to $1.58
tonylim ( Date: 19-Jun-2010 15:51) Posted:
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http://www.theedgesingapore.com/component/content/16504.html?task=view
Infrastructure plays: A potential safe haven amid the carnage, as governments likely to keep spending
(Investing/Investing Ideas)
... investments, as much of the population is still living in rural conditions.” Case in point: Amid all the sombre news last week, Midas Holdings said it had snagged a RMB1.1 billion ($236.3 million) ...
Monday, 07 June 2010
Richman ( Date: 18-Jun-2010 20:41) Posted:
| It is on the way. Vested heavily in this counter. |
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Keeping this stock is much much better than saving in the bank - with very good yield and potential captial gain
shplayer ( Date: 30-May-2010 20:46) Posted:
Taking a longer term outlook, it would be better to keep Dynon Plaza (DP) as the net rental revenue could easily boost STL eps to >4.0c for FY2011.......perhaps closer to 5.0c eps, if AUD/SGD xc rate is favourable.
Div can be 3.0-4.0c giving a yield of 6% to 8% (based on share price of 50c.)
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Have fatih in this stock. No reason for it not to rise if not for the poor market sentiment. It has all the positive factors to rise to the occasion.
kiasiDBT ( Date: 30-May-2010 22:55) Posted:
Long white candle on 26/5/10 is bullish key reversal candle on increased vol followed by a bullish harami on 27/5/10.
Bintang ( Date: 30-May-2010 08:04) Posted:
| Midas finally broke the neckline at $1.00 on 5 May2010 ,it came down rapidly to fill the gap at 82.5 cents which was created on 10 Nov 2009. Then it made a technical rebounce to 91 cents . There is another gap at 67.5 cents not fill yet . |
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Time to buy ! TP : $1.58 liao
Summary: Midas Holdings’ (Midas) 1Q10 results were in line with expectations. Revenue accelerated 47.5% YoY to S$46.1m, gross profit gained 13.8% to S$15.0m, and net profit from continuing operations increased by 23.8% to S$9.9m. The group’s growth was driven by the aluminium alloy division which delivered a 49.7% growth in revenue to S$44.5m. Margins came under pressure as high raw material costs resulted in a 9.7ppt YoY decline in gross profit margin to 32.6%, but we see no cause for concern as our projections have factored in a decline in margins on the back of intensifying competition. Midas has several catalysts in the pipeline, including its impending Hong Kong secondary listing, as well as earnings growth fuelled by ongoing capacity expansion. The stock’s recent pullback enhances its attractiveness and our BUY rating remains intact. We rollover our valuations and raise our fair value estimate to S$1.58 (previously S$1.30). (Lee Wen Ching)
Bon3260 ( Date: 06-May-2010 17:28) Posted:
| * Asterisks denote mandatory information |
| "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement." |
| Name of Announcer * |
MIDAS HLDGS LIMITED |
| Company Registration No. |
200009758W |
| Announcement submitted on behalf of |
MIDAS HLDGS LIMITED |
| Announcement is submitted with respect to * |
MIDAS HLDGS LIMITED |
| Announcement is submitted by * |
Patrick Chew Hwa Kwang |
| Designation * |
Executive Director cum CEO |
| Date & Time of Broadcast |
06-May-2010 17:15:29 |
| Announcement No. |
00059 |
| The details of the announcement start here ... |
| Announcement Title * |
NEWS RELEASE - MIDAS ACHIEVES 16.6% INCREASE IN 1Q2010 PROFIT TO S$9.9 MILLION |
| Description |
| Please refer to the attachment. |
|
| Attachments |
Total size = 155K
(2048K size limit recommended)
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Still remain invested with 130 lots - hopeful of good return soon.
kingong ( Date: 26-Apr-2010 22:58) Posted:
I am very interested too!! Those who refuse to listen and buy in now will regret sooon. don worry bro
WLBO_BB ( Date: 26-Apr-2010 20:23) Posted:
| seem that not many ppl interested in midas.... so sian.... not going to post countdown liao... |
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TP is around 90 cents
Bon3260 ( Date: 22-Apr-2010 12:36) Posted:
Hiap Seng up +0.03 liao... ('',)
| WEIGHTED AVG PRICE : 0.6494 |
LAST DONE PRICE : 0.665 |
| SPREAD/PRICE RATIO : 0.0075 |
AVG TRADE SIZE : 39.918 |
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It is releasing those in HK - very likely there could be some kind of payout to shareholders.
Outperform by all analysts and TP is 2.56
lpkoh5 ( Date: 22-Apr-2010 13:05) Posted:
| Privitisation on the card....anyone....? |
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Extremely safe counter but have to wait very long for some capital gain (30% in 4 years) but gives good dividend. Let go 4 years ago but no regret.
leoleo ( Date: 21-Apr-2010 10:14) Posted:
| this finance stock can buy for long term,any comment? |
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Looking forward for it to strike $1.20 before 30 Apr 10
oceanblue ( Date: 21-Apr-2010 10:32) Posted:
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Even without these new projects, its basic share price should be 60 cents. Moreover, commercial properties are least affected by any govt control measures which are targetting at residential properties.
tonylim2 ( Date: 21-Apr-2010 09:49) Posted:
DYNONS PLAZA, PERTH CDB – A BLUE CHIP, LANDMARK PROPERTY INVESTMENT OPPORTUNITY CAPITALISING ON WESTERN AUSTRALIA’S RESURGENT, HIGH-GROWTH RESOURCES ECONOMY
Highlights:
● A rare blue-chip opportunity, riding on Western Australia’s resurgent, high-growth resources sector
● Brand new Dynons Plaza, an A-Grade Perth CBD office development, that comes fully leased to Blue Chip oil and gas company Chevron Australia, is now offered for sale
PERTH, WESTERN AUSTRALIA – Tuesday, April 20, 2010 – Stamford Land Corporation Ltd, a company which is listed on the Singapore Stock Exchange, (“Stamford”), Australasia’s largest independent owner/operator of luxury hotels and a developer of top-tier, landmark residential and commercial properties, is pleased to announce that it has appointed global property advisor Savills as exclusive marketing agent for Stamford’s Dynons Plaza development in the Perth CBD in Western Australia.
Dynons Plaza, is a landmark A-Grade office development, that showcases Western Australia’s economic
prosperity and prospects, driven by its resurgent, high-growth resources sector, on the back of record
demand from China and the Asia-Pacific.
The brand new 14-level tower features 13,360 sq m of A-Grade office accommodation, and is fully leased
for 10-years from April 2010 to major oil and gas company Chevron Australia Pty Ltd.
Savills Western Australia Managing Director Paul Craig said: “Savills is proud to be appointed by Stamford to market Dynons Plaza, a truly unique blue-chip investment opportunity for Australian and international investors. We are expecting a transaction price well in excess of AUD$140 million, going by
current market benchmarks.”
The Opportunity Western Australia’s resource sector is booming, on the back of record demand from China and the Asia-Pacific, and this property offers a rare opportunity to buy into the Perth market via the acquisition of a brand new, A-Grade landmark CBD office tower, that comes fully leased for 10-years to leading oil and gas company Chevron Australia.
According to Savills’ Mr Craig: “Dynons Plaza is the first new Perth CBD building leased to one blue-chip
tenant since the sale of Alinta Plaza in 2006, which heralded the emergence of international investors
taking a stake in the Perth CBD market.The sale of comparable CBD assets which offered 100% ownership are extremely rare over the past 20 years with the previous significant 100% leased CBD asset sale being BankWest Tower in the early 1990s.
“Given the huge new wave of resources projects and supporting infrastructure fuelling WA’s growth
prospects, and in particular the predicted growth outlook for WA by major economic researchers such as
the BIS Shrapnel and ACIL Tasman, Perth is emerging as a buy for more and more domestic and international investors, who are displaying a renewed appetite for acquisitions.”
According to Access Economics, Western Australia is forecast to be Australia’s fastest growing state in
2010, based on population growth rates exceeding the rest of the nation at 2.9 per cent for the year to
September 2009.
Dynons Plaza commands an annual net income of approximately AUD$9.78 million, with an attractive
rent review structure that provides for annual fixed increases.
According to Mr Craig, the sale of the Dynons Plaza should represent one of the largest ever commercial
property transactions in the Perth CBD.
“It’s Grade-A quality, underpinned by the quality Chevron lease and the resurgent resources sector in
Western Australia, Dynons Plaza is expected to set a new benchmark for Perth CBD sales,” he said.
“Dynons Plaza is such a unique opportunity and rare quality offering, that it is likely to attract strong
national and international interest, including from overseas pension funds.
Dynons Plaza is strategically positioned in a key precinct surrounded by other major resources
companies such as Woodside Petroleum, Shell and Worley Parsons.
According to Savills’ Miles Rowe: “Chevron’s long-term commitment to Dynons Plaza represents a major
vote of confidence in the project, and the WA economy in general. Chevron, along with Shell and ExxonMobil, is the main joint venture partner in WA’s Gorgon development, which will supply $50 billion worth of liquefied natural gas to China in one of Australia’s largest ever trade deals.”
Located on Hay Street in Perth’s sought after West End precinct, the property includes refurbished heritage retail and commercial buildings, that are also fully leased to a range of high-profile tenants, including prestige international retailers Hugo Boss, Canali and Versace, on long-term leases.
Expressions of Interest Campaign
Dynons Plaza is being marketed exclusively by Savills via an International Expressions of Interest
campaign closing at 3pm (Australian Western Standard Time) on Friday May 21, 2010.
ENDS
About Savills
Listed on the London Stock Exchange, Savills is one of the world’s leading real estate advisors with over 200
international offices and associates in more than 40 countries. The group has 40 offices in the Asia-Pacific region in China, Japan, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Thailand, Vietnam, Indonesia, Macau, Australia and New Zealand.
Savills is a market leader in the Western Australia property market. In late 2009, Savills negotiated the largest
commercial office transaction in the Perth CBD in three years, with the off-market sale of Charter Hall’s 50% stake in the new Alluvion office tower to the Commonwealth Property Fund for AUD$95 million. This was Perth’s largest CBD office sale since Savills negotiated the sale of Allendale Square in December 2006. |
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Chiina property stocks drop as much as 20% or more. I think it is overdone. Good time to pick up this stock.
Oh BTW, Wheelock may privatise or give high returns - good stock to watch and invest. Outperform by most anaylysts - with TP at around $2.56 During the peak, it was around $3.50.
UIC - with Wee Cho Yaw and the Indonesian millionaire fighting/outbidding each other to be a major shareholder, and the UIC building being approved for residential conversion - a very good stock to accumulate.
pharoah88 ( Date: 20-Apr-2010 18:04) Posted:
|
Tuesday: 20 APRIL 2010 CLOSING
S$1.73 -S$0.01
Singapore LORD is affected by CHINA LORD
pharoah88 ( Date: 17-Apr-2010 22:42) Posted:
Friday: 16 APRIL 2010 CLOSING
S$1.810 -S$0.110 |
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Very strong buying - 1.13 very soon
WLBO_BB ( Date: 20-Apr-2010 14:38) Posted:
| countdown 10 days to 30Apr2010..... |
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I think it is his gut's feel. Interested parties could be those big Chinese railway companies or Siemen
WLBO_BB ( Date: 19-Apr-2010 07:59) Posted:
wow, takeover is serious matter, u heard from 'somewhere' or u are hoping for one to happen only ???
knightbridge ( Date: 18-Apr-2010 21:56) Posted:
This baby is will be a takeover target in time to come... vested.. for the long term...
Waiting for it to grow in size... |
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Bucking the trend- the best is yet to be !
pharoah88 ( Date: 19-Apr-2010 12:35) Posted:
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SUPERSTAR
USD0.680
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At 1.76, it is buy time. No reason to drop further as all control measures have been factored in.
stkoh78 ( Date: 19-Apr-2010 10:32) Posted:
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Glencore's offer of 35.5 cents is a deliberate attempt to create the fear factor so that people will let go for a small profit at 43 cents . So, I will keep till it touches above 60 cents
pharoah88 ( Date: 18-Apr-2010 14:24) Posted:
Chemoil Falls Most in Year 2009 on Glencore Buyout Offer (Update1)
By Christian Schmollinger
Dec. 16 (Bloomberg) -- Chemoil Energy Ltd. fell the most in more than a year in Singapore trading after Glencore International AG agreed to purchase 50.8 percent of the fuels supplier and offered to buy the rest of the shares at a discount.
The stock resumed trading after a one-day halt and fell as much as 15 percent to 37 cents, the biggest drop since October 2008, and was at 38.5 cents at 10:09 a.m. local time. Chemoil has more than doubled this year compared with a 59 percent gain in the benchmark Straits Times Index.
Glencore’s indirect wholly owned unit, Singfuel Investment Pte., agreed to buy about 656.7 million Chemoil shares from the company’s founding family and offered to buy the rest at 35.52 cents each, according to an offer document from DBS Bank Ltd. The price is a discount of 18 percent to the stock’s Dec. 14 close of 43.5 cents and values the company at $459 million.
“You would expect that the market price would come down to the offer price,” said Stuart Traver, a principal downstream advisor at consultants Gaffney, Cline & Associates Ltd. in Singapore. “Anyone holding shares at 43 cents are probably thinking they should take the money and run.”
Chemoil had been a takeover target following the death of its founder Robert Chandran in an helicopter crash in January 2008. Chandran’s family has been seeking to sell its stake since his death last year. Itochu Corp owns 37.5 percent of the company.
The purchase increases Glencore’s foothold in Singapore’s marine fuel market, the world’s biggest, where sales have risen even amid the global recession. Sales gained 3.1 percent to 33.2 million metric tons in the first 11 months of this year 2009, according to the Maritime Port Authority of Singapore. Prices in Singapore have climbed 83 percent in the past year to $452 a ton.
* 2010 SALES will be HIGHER
In 2008 Chemoil opened its Helios storage terminal on the city’s Jurong island, comprising of 18 tanks capable of holding 448,000 cubic meters.
“We are seeing growing demand for storage so if a company can get existing storage at an attractive price, that’s a good thing,” said Gaffney Cline’s Traver.
The completion of Glencore’s deal for the 50.8 percent stake held by the family will set in motion a cash offer for the remaining Chemoil shares it doesn’t own. The transaction for the Chandran’s portion of the stock must be completed within two business days of Feb. 28, according to the purchase document.
Glencore is the world’s biggest commodity-trading company dealing in oil, metals and grains as well as holding stakes in mines and smelters.
To contact the reporter on this story: Christian Schmollinger in Singapore christian.s@bloomberg.net
Last Updated: December 15, 2009 21:15 EST
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Glencore is an opportunist but has stretched its luck too far. Now, let's hope it will increase shareholder value in the stock
k3n888 ( Date: 17-Apr-2010 02:38) Posted:
Happy weekend everyone!
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_92743BDAFCF8EF7A482577070047E0B8/$file/CloseofOfferAnnouncement.PDF?openelement
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