Latest Forum Topics / Midas Last:0.192 -- | Post Reply |
Midas
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dcang84
Veteran |
18-Aug-2009 09:55
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Walk the talk. Let's see how far you can short this.
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risktaker
Supreme |
18-Aug-2009 09:47
Yells: "Sometimes you think you know, but in fact you dont" |
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BB wont let it go up. Use your other account & short it. Its gonna drop | ||||
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risktaker
Supreme |
18-Aug-2009 09:43
Yells: "Sometimes you think you know, but in fact you dont" |
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going down again. Gonna short Again ... Win again free money
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Bintang
Elite |
18-Aug-2009 09:42
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Midas could rebound to 85.5 cents to cover a gap there before coming down again . | ||||
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bennykusman
Veteran |
18-Aug-2009 09:36
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midas increase to 0.85 today.. some rumors says taht this is only morning rebound..
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risktaker
Supreme |
18-Aug-2009 09:31
Yells: "Sometimes you think you know, but in fact you dont" |
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Short leh 0.82 lol i want to cover my short @ that value leh
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risktaker
Supreme |
18-Aug-2009 08:44
Yells: "Sometimes you think you know, but in fact you dont" |
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Today will hit $0.82 at least |
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aircraft
Veteran |
18-Aug-2009 08:33
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Thanks RichTan, appreciate your sharing as I'm trying to learn TA. Vested.
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richtan
Supreme |
18-Aug-2009 00:33
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From Philip Securities: As expected, 2Q ‘09 performance was flattish with sales down 2% yoy due to absence of new production capacity. However, an improved raw material price and cost control measures saw profit rising 10% yoy and qoq to S$9.423mln. Looking ahead, management remains optimistic of prospects citing their strong order backlog of RMB1.4 bln as well as their 32.5% owned associate company’s strong order backlog of RMB4 bln which will keep them busy for the next few years. To cope with their strong orders, management had announced last week that they intend to speed up their expansion plans by increasing production capacity from the current 20,000 tonnes/year to 50,000 tonnes/year by end 2010, up from their previous target of only increasing it to 30,000tonnes/year and this was made possible by the recent new share placement of 120 mln at 75.5 cents each, raising S$89.4mln. The stock has done well even after the recent share placement, having risen to 90.5 cents on 13 Aug ’09 before pulling back to 87.5 cents on friday, putting its prospective PE at 17x against its expected growth rate of 40%, giving an undemanding PEG of 0.4x. Maintain BUY |
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richtan
Supreme |
18-Aug-2009 00:14
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From Credit Suisse Midas Maintain OUTPERFORM 2Q09 ahead, rising capacities drive 50%-plus earnings growth in FY10 Su Tye Chua / Research Analyst / 6212 3014 / sutye.chua@credit-suisse.com ● Midas’s June-quarter results, with revenue of S$37.8 mn (-2%YoY) and net profit of S$9.4 mn (up 10% YoY) were ahead of consensus and our forecasts, with 6 MTD results achieving 58% of our full-year estimates at the operating earnings level. ● Gross margin improved to 41.3% (from 31.8% a year ago), on stronger contribution of aluminium alloy extrusion activities (+18%YoY) and lower material prices. As expected, a dividend of S0.25 cents/share (second interim) was declared. ● Going forward, we anticipate a stronger ramp-up at the Puzhen JVin 2H09 and see rising capacities from Midas’ third extrusion line (from 2Q10) and with another two planned, boosting total capacities from 20,000 tonnes currently to 50,000 tonnes by end-2010, which should drive a stronger FY10/11E earnings momentum. ● We maintain that Midas remains as one of the best ways to play the structural China railway theme. We have raised earnings by 3-5% on stronger extrusion margins and maintain OUTPERFORM rating to our new SOTP-based target price of S$1.10 (from S$1.05). |
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richtan
Supreme |
17-Aug-2009 22:58
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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 rating it as "bad post", accumulating for yourself and 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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ozone2002
Supreme |
17-Aug-2009 22:51
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Midas down on such low vol (pro $$ not sellin).. i'm not worried abt this share @ all.. | ||||
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fartist
Member |
17-Aug-2009 22:43
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I'm using the free version, haha thanks anyway!
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star-trader
Senior |
17-Aug-2009 21:57
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Yes, Bintang.. Cut-loss should have infact activated by end of today....... rgds, star-trader |
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Bintang
Elite |
17-Aug-2009 21:52
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Hi star-trader , since DJ is falling sharply , tomorrow all counters would gap down when market opens . But cut-loss must still have to activate to safe guard our funds .
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star-trader
Senior |
17-Aug-2009 21:43
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Yeah, Bintang.. Look at the chart today, the candlesticks form a "Black Marubozu" which indicates reversal trend is still on. I would say that 0.82-0.825 will be the key support price. If this broken, next support will be 0.78. rgds, star-trader |
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Bintang
Elite |
17-Aug-2009 19:59
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Hi all , short term traders have to take profit or cut loss if 83 cents 's supporting would not hold by tomorrow closing . The next support is at 78 cents in the near term . To test the new high may be have to wait for a few more weeks .The upside targets are still at $1.05 n $1.28 . The stop-loss protection is now from 8 % of the high of 90.5 cents ,which is 83 cents .
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risktaker
Supreme |
17-Aug-2009 19:36
Yells: "Sometimes you think you know, but in fact you dont" |
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wah liao this midas can drop 4 cents one in 1 day. but it can cheong 10 cents in one day too. | ||||
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solar2008
Senior |
17-Aug-2009 17:01
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what a day. Good time to buy more...yipee
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star-trader
Senior |
17-Aug-2009 16:56
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As predicted, 0.835 support level broken..but never know it should be so fast... based on last week's thur/fri candlesticks.. Whether it is an opportunity to "lock-in" , that we will see at the end of the trading day today.. rgds, star-trader..
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