I have confidence on this counter. Pls review the trade pattern of China XLX around the news released for HK list and first week trade, Midas will fly up at least another 10% reaching $1.15. Midas is much better than China XLX in foundamental aspects.
Foyse is unethical , capitalising on the situation, trying to gain popularity at the expense of her former boss. She is just plain ungrateful cheapo and hungry for fame.
niuyear ( Date: 16-Mar-2010 10:42) Posted:
If nin peh is Jack newo, nin peh will sue her!
She shld have warned J Neo immeditaely she recievd those SMS and threatened to file police report there and then, NOT NOW!! Back then, what was in her mind?
nickyng ( Date: 15-Mar-2010 19:18) Posted:
wow...looks like there is new development ....wow... :P
Then who is so silly to bid and pay for other subscribers to view. Maybe, there could be a small fees payable to the successful bidder. True - mio reception sucks
xingge ( Date: 16-Mar-2010 10:35) Posted:
The way I see it is this: "shared content" only means that, for example, Singtel can carry content XYZ which belongs to Starhub, acquired after 12 Mar 2010. Money for XYZ will go to Starhub although viewed on Mio. So, perhaps we have to see how many households have only Mio. These households now could view XYZ and this means increased revenue to Starhub. With the new MDA ruling, there'll be less incentive for households to switch to one or the other - except maybe for EPL. So, content will rule. And given that Mio is not as stable and has received bad press, Starhub is likely to gain market share as far as content is concerned.
But can Midas capitalise on the high speed train business. I thought they only carry out urban rail fabrication jobs and not intercity high speed rail jobs
Good dividend stocks ... moreover property and tourism is moving up in Australia..do not sell until at least .60
chinton86 ( Date: 09-Mar-2010 13:44) Posted:
CK Ow did explain that the buyer was just trying to buy time and dragging and had no intention of buying. It would be waste of time and money on due diligence, so he choose to abandon the selling. He did admits it's a good offer.
shplayer ( Date: 09-Mar-2010 09:37) Posted:
Yes tonylim, you are right.......it was in March 2008.
However, its only natural that STL board had to explain why the deal did not go thru......but I think part, if not much of the blame lies with the board. If you refer to their announcement of 20 Mar08,
para 4....it says 'As the Group was not keen to sell.....'
If the board was keen on the deal going thru, could they not have granted an extension with another non refundable deposit....as was with the first instance.
I still believe it was a missed opportunity.
Having said that, I also believe that the market currently undervalues STL due to the Aussie and NZ accounting rules for depreciation for properties.
Growth story remain intact; Maintain BUY. Midas Holdings announced a set of 4Q09 numbers that were inline with our expectations. With FY10 production capacity set to increase to cater to its huge order book, we continue to believe that the outlook for the company remains positive. Currently trading at 16.5x FY10F P/E, we believe that Midas should trade up to 22.4x FY10F P/E, which represents a 20% discount to its peers’ average of 28.0x FY10F P/E. Maintain BUY with unchanged TP of S$1.36.
Inline with our forecasts. Midas announced 4Q09 revenue at S$43.8m (+60.7% YoY, +18.4% QoQ) and net profit of S$10.2m (+20.7% YoY, +8.4% QoQ) – this was inline with our estimates as we were also expecting bottomline to arrive at S$10.2m as written in our earlier report. The proposed dividend of S$0.0025 also turned out to be the same as we had forecasted.
Earnings visibility remain solid. Our positive view on Midas stays unchanged as we continue to opine that FY10 is set to be a record year for the company with production capacity on its aluminium extrusion lines being ramped up. With a current order book of RMB1.3b while 32.5%-owned associate Nanjing SR Puzhen Rail Transport has an order book of no less than RMB6.0b, Midas therefore remains well on track to leverage on the public transportation infrastructural network in China where the PRC government is set to spend RMB823.5b in 2010, according to country’s Ministry of Railways.
No changes to our estimates. Given that the FY09 results have performed inline with our expectations, we therefore would not be altering our FY10 and FY11 numbers.
renzokun ( Date: 06-Mar-2010 13:11) Posted:
yeah, got profits take liao..latr thn consider..haha
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