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Midas
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ozone2002
Supreme |
13-Sep-2010 16:42
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CHING CHING!!! money in the pocket! now 95.5 thank u for the prompt response..ahha
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Ytrade
Member |
13-Sep-2010 16:21
Yells: "Regrets come with poor management of oneself" |
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I think the afternn wind not strong.. may have to take lesser $$$... agree...
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ozone2002
Supreme |
13-Sep-2010 16:18
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oei faster lei..makan all the 95c Q don't wanna fork out money!! |
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ozone2002
Supreme |
13-Sep-2010 10:48
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i still Q-ing @ 95... somebody hit me baby..
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skyowner
Member |
13-Sep-2010 08:50
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MIDAS HOLDINGS LIMITED (Company Registration No. 200009758W) PROPOSED SECONDARY LISTING ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED Not for release, distribution or publication, into or in, directly or indirectly, the United States, Australia, Canada or Japan Where capitalised terms are used in this announcement and not otherwise defined, such capitalised terms shall bear the same meanings as ascribed to them in the announcements made by Midas Holdings Limited (the “Company”) on 3 March 2010, 15 March 2010 and 22 March 2010 (the "Announcements"). The Company would like to refer its shareholders (“Shareholders”) to the Announcements and the circular to Shareholders dated 7 April 2010 (the "Circular") in relation to the proposed issue and global offering (the "Global Offering") of up to 300,000,000 new ordinary shares in the capital of the Company (the "Offer Shares") by the Company, and up to 40,000,000 new ordinary shares in the capital of the Company (the "Additional Shares", together with the Offer Shares, the "New Shares") in the event of the exercise of the Over-allotment Option, at an offer price of not more than 10% discount to the SGX-ST Market Price, to be carried out in conjunction with the proposed secondary listing (the "Proposed HK Listing") of the Company's shares on the Stock Exchange of Hong Kong Limited ("SEHK"). The Company wishes to inform the Shareholders that the application to the SEHK in relation to the Global Offering and for the listing of, and permission to deal in, all the Shares (excluding treasury Shares) on the Main Board of the SEHK is currently being reviewed by the SEHK and is subject to the approval of the SEHK. Subject to market conditions, the Company will commence marketing of the Global Offering. The Company will announce any material updates if and when appropriate. The Board wishes to highlight that the Proposed HK Listing is subject to, among others, the approval of SEHK and relevant authorities, suitable market conditions, and acceptable terms. As such, the Proposed HK Listing may or may not occur. There is no assurance that approval of the SEHK and relevant authorities for the Proposed HK Listing and the listing of, and permission to deal in, the Shares (excluding treasury Shares) and the New Shares on the Main Board of the SEHK will be granted. Information relating to the Global Offering and the Proposed HK Listing in this Announcement is also subject to change. Shareholders and other investors are reminded to exercise caution when dealing in the Shares. In the event that Shareholders and other investors are in doubt when dealing in the Shares, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers. BY ORDER OF THE BOARD Chew Hwa Kwang, Patrick Chief Executive Officer Date: 13 September 2010 |
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lowchia
Veteran |
11-Sep-2010 20:23
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On Thursday, Midas re-tests the resistance at $0.945 and closed at $0.93 with LOW volume of 3.29 million shares traded. A black candle sticks with short upper shadow indicates that investors decided to profit take instead of pushing above the 100 days MA. Both RSI & MACD are bearish as RSI perform a sharp downward tick on Thursday. Important Resistance of Midas: $0.945 Immediate Support of Midas: $0.91 Currently prices are resisted by 100 days MA and supported by 50 days MA. In short term, Midas forms a “lower high” and “lower low” along the falling channel since Jun 2010 which is a bearish signal. SEE ANALYSIS FOR CAPITAMALL However if interested in the fundamental of the company, do watch for the support at $0.86 for any signs of consolidation. |
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ozone2002
Supreme |
07-Sep-2010 22:19
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tonylim.. can't wait that long.. only have 5 days to contra hate to use my money to make money..prefer to borrow like businessman..=) |
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tonylim
Master |
07-Sep-2010 17:23
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Midas should hit above $1.10 before its second listing in HK
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ozone2002
Supreme |
07-Sep-2010 16:51
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TA Alert – Midas (7 Sep 2010) Midas initiated a bullish breakout above its $0.90 support-turned-resistance, 50-DMA and its 5-month downtrend line on heavy volume yesterday. Despite the overall market tone being more downside biased this morning, the counter continued to exhibit strength by climbing higher in trading today. Coupled with the bullish crossover made by the MACD indicator recently, they suggest that the counter could see further upside potential in the weeks ahead. If the counter can sustain itself above the $0.90 level (now resistance-turned-support), we can expect it to head further north towards the immediate resistance at $1.01, breaking which, the subsequent resistance at $1.17 beckons. Resistances and Supports 2nd resistance $1.1752-week high 1st resistance $1.01Support-turned-resistance 1st support $0.90Resistance-turned-support 2nd support $0.80Troughs from Oct-Nov ‘09 |
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eastcivic
Elite |
07-Sep-2010 10:07
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Did not short yesterday because Midas did not go up to 0.96 Will still be thinking of shorting if it goes up to 0.96 :D
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dc16888
Senior |
07-Sep-2010 09:55
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Hi Bon, Thks! I missed your reply as recently too busy to help a friend to setup TCM clinic, hardly have time to look at trading. hehe heard that 英明的police go round to 扫黄, ?spa mostly kena fined, have to change their trade. Cheers.
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Tanisha
Member |
07-Sep-2010 09:26
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I'm holding it to sell over 1.15 ;) |
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ozone2002
Supreme |
07-Sep-2010 09:09
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Q-ed 95 to sell would make 3.5 c.. not bad.. for contra.. =)
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ozone2002
Supreme |
06-Sep-2010 22:21
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x 0
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he likes to play POKEmon..??? get poked from behind.. ouch!
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tonylim
Master |
06-Sep-2010 20:34
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Downstream fabrication to lift profitability from 2H11. We also had the opportunity to visit Midas’ fabrication facilities, which are housed alongside its aluminium alloy production plant in Jilin. The group’s downstream integration foray remains in nascent stages and is not expected to have a significant impact on near term earnings, but we are optimistic that this high-margin service will lift overall margins from 2H11. As a recap, Midas’ gross profit margin declined from 37.7% in FY09 to 32.5% in 1H10 owing to cost pressures. Management anticipates that its gross profit margin could expand to approximately 35% once the downstream business gains traction. Adding to margin recovery is the anticipated decline in aluminium prices. Industry watchers expect global aluminium supply to outpace demand this year as China ramps up its production. Compelling valuations; Reiterate BUY. NPRT is expected to add a further boost to Midas’ earnings growth trajectory. Its order book is estimated at RMB6b with delivery scheduled till 2013. Midas’ share price has fallen by 26% over the last four months, possibly due to broad market weakness coupled with the postponement of its Hong Kong secondary listing, which in our view will not hamper its expansion plans given its strong balance sheet. Valuations are compelling at current levels with the stock trading at 16.6x FY10F PER and 11.2x FY11F PER. We are forecasting a doubling of net profit between FY09 and FY11. We reiterate our BUY rating on Midas with S$1.29 fair value estimate
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tonylim
Master |
06-Sep-2010 20:20
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By Lee Wen Ching Midas Holdings (Midas) hosted a plant visit to its aluminium alloy production plant in Jilin and its JV Nanjing SR Puzhen Rail Transport Co’s (NPRT) plant in Nanjing last week. The visit reaffirmed our conviction of the group’s growth prospects, buoyed by its ongoing capacity expansion coupled with robust demand stemming from China’s booming railway-related investments. Midas’ order book stands at RMB1.4b with earnings visibility stretching till 2012, and its delivery schedule is already strong enough to support the ramp up of its enlarged capacity to optimal utilisation in 2011. NPRT, meanwhile, has a RMB6b-strong order book with delivery scheduled till 2013. Adding a further boost to the group’s earnings growth is its downstream fabrication, which should lift the group’s profitability from 2H11 once the business gains traction. We are forecasting a doubling of net profit between FY09 and FY11. At 16.6x FY10F PER and 11.2x FY11F PER, valuations are compelling. We reiterate our BUY rating on Midas with S$1.29 fair value estimate
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tonylim
Master |
06-Sep-2010 18:53
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Why would any smart guy short this counter - makes no sense It is a counter to be cherished for longer term profit
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ozone2002
Supreme |
06-Sep-2010 16:21
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x 0
x 0 Alert Admin |
93.5 OH YEAH BABY!!!!!!!!!! CHIONG AH!!!!!!!!!!! | ||||
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ozone2002
Supreme |
06-Sep-2010 14:13
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92.5 chiong ah!!!... good luck to those who short..don't get screwed from ur behind
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eastcivic
Elite |
06-Sep-2010 13:32
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x 0
x 0 Alert Admin |
Chiong? I thinking of shorting leh.... | ||||
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