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Latest Posts By ruanlai - Master      About ruanlai
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16-Aug-2013 10:23 YZJ Shipbldg SGD   /   big timer accumulating       Go to Message
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Trend up confirm plug chop......Dai Stamp.....

Buy on the dip looking at the CSI.........recommendation to buy on the second arrow up........

Target for today......with volumes will push to above $1

 
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16-Aug-2013 10:01 YZJ Shipbldg SGD   /   Buy with Price Tgt of $1.36       Go to Message
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x 0 		Yangzijiang Shipbuilding (YZJ) is our selection of the day. From a chartist standpoint, the stock remains positively oriented after the bullish penetration of its previous declining trend line. The ascending 20-day moving average acts as a strong support role. The RSI is still positive above 50%. To sum up, a continuation of the rebound seems to be on the cards with the next up targets at 1 and 1.035.
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16-Aug-2013 09:57 YZJ Shipbldg SGD   /   big timer accumulating       Go to Message
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x 0 		Yangzijiang Shipbuilding (YZJ) is our selection of the day. From a chartist standpoint, the stock remains positively oriented after the bullish penetration of its previous declining trend line. The ascending 20-day moving average acts as a strong support role. The RSI is still positive above 50%. To sum up, a continuation of the rebound seems to be on the cards with the next up targets at 1 and 1.035.
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15-Aug-2013 14:17 Midas   /   Midas       Go to Message
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MIDAS

S$0.515-MIDAS SP

 Midas performed creditably and turned around in

2Q?13 to a profit of Rmb15mln from 1Q?13?s loss

of Rmb5mln and year ago?s profit of only Rmb1.6mln

as the company benefitted from increased deliveries

of train cars by their 32.5% owned associate

company  Nanjing Puzhen Rail Transport

Company  (associate profits turned around from

loss of Rmb4mln in 1Q?13 and loss of Rmb14mln a

year ago to Rmb3.1mln in 2Q?13) as well as higher

sales (+29% yoy and +41% qoq to Rmb284mln) from

increased delivery of their order books and higher

sales of steel scrape (Rmb9.6mln against Rmb3.9mln

last year and Rmb2.6mln last quarter).

 With Midas? own order books of Rmb400mln and

Nanjing Puzhen?s order books of Rmb7.5bln coupled

with the Chinese government?s plan to speed up

railway investment (Rmb660bln in 2013) to kickstart GDP growth again, management remains

optimistic on prospects going forward.

 Midas is also optimistic of securing more export

orders from Russia and Singapore as these countries

has mandated increased investments to boost their

railway developments, no different from China.

 Interim dividend was maintained at 0.25 Singapore

cents a share.

 At 1x book which is about in line with its historical

average, we maintain our HOLD recommendation.
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15-Aug-2013 14:15 Midas   /   Midas       Go to Message
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x 0 		DBS Vickers (Spore): Result Snapshot: Midas Holdings, Weak earnings but focus is on timing of HSR contracts, Buy S$0.515, Price Target : 12-Month S$ 0.60
 


Midas Holdings, Buy S$0.515, Bloomberg: MIDAS SP
Weak earnings but focus is on timing of HSR contracts
Price Target : 12-Month S$ 0.60
By: Paul YONG   CFA +65 6398 7951


?         2Q earnings of Rmb14.9m largely in line 1H13 earnings   declined 41% to Rmb10m 0.25Scts DPS declared
?         Core earnings remain weak as utilisation rate is still less than 50% but associate NPRT has turned around
?         Midas to remain profitable but the strength of its recovery will depend on how soon China?s high speed railway program restarts
?         Maintain BUY and S$0.60 TP (1.2x P/BV)

Highlights
Revenue climbed above Rmb280m (+29% y-o-y to RMB284m) for the first time since 2Q11, boosted by higher deliveries to the transport segment.   However, gross profit fell 8% y-o-y to Rmb63.8m due to lower utilisation (on expanded capacity) and a change in product mix. Associate Nanjing Puzhen (NPRT) turned in a positive contribution of Rmb3.1m compared to a Rmb14.1m loss in 2Q12.
1H13 earnings stand at Rmb10m (-41% y-o-y) on 8% higher revenue to Rmb486m. Gross profit for 1H13 fell 16% to Rmb115m as gross margins fell 6.9ppts to 23.6% due to lower utilisation.

Our View
Speed and extent of core earnings recovery will depend on award of HSR contracts. With a slightly improved order book due to contract wins from the metro, overseas and non-rail segments, we believe Midas should show better sequential earnings in the second half of the year.   However, for earnings to improve substantially, the group would still need high speed railway contracts (HSR) to be handed out. Our forecasts are maintained for now although Midas? earnings recovery could be delayed if the award of HSR contracts is pushed out.
Associate NPRT showing good promise. Meanwhile, 32.5%- owned associate, Nanjing Puzhen posted a positive core earnings contribution for the first time in 6 quarters as it begins to deliver on its huge > Rmb9bn order book.

Recommendation
Maintain BUY, TP S$0.60. We continue to like Midas as a play on China?s resumption of its high speed railway development program as the group could potentially have 40% or more revenue exposure to the high speed railway segment.
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15-Aug-2013 14:12 Midas   /   Midas       Go to Message
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Midas Holdings   | PDF
Banking on a strong 2H
MIDAS SP / MIDA.SI | OUTPERFORM - Maintained | S$0.52 - Tgt. S$0.70
Mkt.Cap: US$495.30m | Avg.Daily Vol: US$2.66m | Free Float: 79.20%
Ind Goods & Services | Author(s): Kenneth NG, CFA, Jessalynn CHEN
▊ 2Q13 net profit recovered from a net loss in 1Q. This was due to strong core revenue and positive contributions from its associate, NPRT. We expect 2H13 to compensate for the weak 1H13. Midas is on track to meet our full-year target given the current earnings momentum. 1H13 net profit formed 25% of our full-year estimate and 11% of consensus. We deem this in line as we expect FY13 revenues to be back-end loaded with the resumption of high speed rail (HSR) contracts in 2H. We maintain our Outperform call and target price, still based on 1.29x CY13 P/BV (20% discount to 2010-11 P/BV). The catalyst is the resumption of HSR contracts.
 
Turnaround in net profit
2Q13 revenue of Rmb284m (+40.3% qoq, +29.2% yoy) was strong on the back of steady contributions from the transport industry. However, gross profit margins fell to 22.5% (1Q: 25.2%) due to a change in product mix and lower capacity utilization. Its associate, NPRT saw a turnaround in 2Q after winning Rmb3.8bn metro contracts in 1H13, and contributed Rmb3.1m to Midas? PBT. The group reported a net profit of Rmb14.9m in 2Q13 (vs. a net loss of Rmb4.9m in 1Q). Given the earnings momentum in 2Q13, Midas is on track to meet our full-year net profit estimate of Rmb40m.  
 
Evidence points strongly to HSR contracts in 2H
Last month, China?s cabinet revised its railway investment budget to Rmb3.3tr for the remainder of its five-year plan that ends in 2015. This is Rmb500bn more than the figure announced in the previous plan. Since train car manufacturers typically take between 18-24 months for delivery, China Railway Corp. has to issue HSR orders by the end of 2013 to meet its 2015 investment target. Thus, we are fairly certain that Midas can expect to receive HSR orders in 2H13, which would bolster earnings in 2H after a weak 1H.  
 
Maintain Outperform
Midas is currently trading at 0.95x CY13 P/BV, still below its historical mean of 1.46x. We believe the resumption of HSR contracts will be a major price catalyst.  
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15-Aug-2013 07:59 AusGroup   /   RTO       Go to Message
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They are in the mid of finalising the RTO......

Yesterday insiders buy up before the news........
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15-Aug-2013 07:54 Neptune Orient L Rg   /   NOL       Go to Message
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France exits recession, German growth beats.....

SO NOL will up above $1.20 from today
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14-Aug-2013 17:06 Straits Times Index   /   News Update!       Go to Message
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Hey, your link got virus .....

BEWARE

alexgray90      ( Date: 14-Aug-2013 17:05) Posted:

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14-Aug-2013 10:47 Midas   /   Midas       Go to Message
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Securities and Derivatives Markets Delay Open due to Issuance of Typhoon Signal No. 8

 

Hong Kong Exchanges and Clearing Limited (HKEx) announced that the morning trading sessions of both the securities and derivatives markets have been delayed due to the issuance of Typhoon Signal No. 8.

If Typhoon Signal No. 8 or above remains issued at 9:00 am, the morning trading sessions for all markets will be cancelled. 

If Typhoon Signal No. 8 signal or above is cancelled at or before 12:00 noon, major products of HKEx?s securities and derivatives markets will resume trading in the afternoon.   Trading will begin on the first half hour at least two hours after the discontinuation of the Typhoon Signal No. 8. 

If Typhoon Signal No. 8 signal or above remains issued at 12:00 noon, all trading sessions today will be cancelled. 

HKEx will make a further announcement in due course.? 

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14-Aug-2013 10:40 Midas   /   Midas       Go to Message
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x 0 		Hong Kong Delay the Trading hours, that is why Midas cannot announce the results......
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14-Aug-2013 09:34 Midas   /   Midas       Go to Message
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x 0 		Results Announcement going to make soon from now 
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14-Aug-2013 09:29 Midas   /   Midas       Go to Message
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x 0 		Midas going to halt soon.
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14-Aug-2013 09:20 Swiber   /   Swiber       Go to Message
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x 0 		OLD BLUE CHIP = OWE  ===> BLUR ===> CHEAP......
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14-Aug-2013 09:10 Others   /   Any Stocks Also Can Discuss Forum       Go to Message
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Shhh.....Shhh.....

Quietly saw quietly buy.........COSCO......
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14-Aug-2013 09:08 Tat Hong   /   Tat Hong Growing to a Global Player       Go to Message
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Another BIG......

Poor results Kena Wack down by 12 cents at opening.

RUN ROAD......SHORT lar.....
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14-Aug-2013 08:30 Biosensors   /   Is Biosensors a good buy?       Go to Message
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RSI is low .....Down trend will go further down.........

RSI = Reduce Shares Immediately.......... Low will get ever lower.......

Mardi.tan      ( Date: 14-Aug-2013 07:44) Posted:

Rsi is very low. Rebound soon maybe..
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14-Aug-2013 08:27 Biosensors   /   Is Biosensors a good buy?       Go to Message
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He might be right and a TA person who believe the market got trend and believe the trend.

Those who play shares are very sure Market Got Trend and always follow the trend and not go against the trend.

When trend down even you have 5 millions 10 millions so what. Sell First to hold cash to buy even more shares when the trend head up become up trend.....

By then Up Trend you will see peoples like him or other directors will buy even more.....

So since he sold at 88.5, we will follow to short today down. Hope can press towards 80cents.......today why T + 5 effect contra players need to let go by today unless got money to hold......You think they have....answer is no, they are the one who make mistake for us to make money.....from them.......

FOLLOW TREND please.

coocoobond3      ( Date: 12-Aug-2013 23:34) Posted:

He may or may not regret if tmr price goes up or down....

gbleng      ( Date: 12-Aug-2013 23:18) Posted:

He exercised his share option at US$0.43 and then sell them at US$0.885. Simple reason, take profit. If share price drop further his gain will be less. God forbid if BIG drops to below $0.43 his share option would have been underwater. 
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13-Aug-2013 18:31 Midas   /   Midas       Go to Message
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Wa Ruan Lai.

Le Eng Kai Kio Zho

Xi Bie Ruan Lai

K N N

francisd      ( Date: 13-Aug-2013 16:20) Posted:



PROFIT WARNING is already there.

If shortists have been pushing the price up all will know of the downfall by Thursday.

BEWARE. Watch out guys.

Cheers.
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13-Aug-2013 13:22 COSCO SHP SG   /   CoscoCorp       Go to Message
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If YZJ not buying then COSCO should buy over YZJ then.......

Ha Ha........better then NOL
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