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iPunter Supreme	16-Mar-2013 11:25        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	He's probably an accountant by profession... lol... Lifeisgreat      ( Date: 16-Mar-2013 11:18) Posted: cheongsl, just wonder if you are vested in this counter?
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Lifeisgreat Member	16-Mar-2013 11:18        Lifeisgreat About Contact  Quote this Post!
x 0   x 0  Alert Admin	cheongsl, just wonder if you are vested in this counter?
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cheongsl Master	16-Mar-2013 09:45        cheongsl About Contact  Quote this Post!
x 1   x 0  Alert Admin	The company total revenue for FY 2012 95.4% come from aluminium extrusion, out of this 95.4% more then 55% come from the transportation industries. Have roughly go through the past contract for transportation, and compare to the recent awarded. It seems that the profit margin have significantly reduce in the china market, this might indicated that the aluminium fabrication industries in China is  now too competitive. Only 2 project which have lower price per car, both come from oversea, seems like they have dived for this two in order to get into the market. Thus it is expected that the net income to continue to go lower with lower profit margin, and currently classified this counter as risky. Thus it is advisable to avoid this counter for long term fundamental  investor. As PE is extremely overvalue, all the positive reporting without fundamental  supporting  suggest BB are offloading their shares to individual, and invite individual to push up the share price for their offload.  It might shrink  alot once this offload is done, as they will start removing their support.   Contract (RMB in million) No of car RMB per Car Wuxi Metro Line 2 27 138 $195,652 Dongguan Rapid Railway R2 Line 22.7 120 $189,167 Nanjing-Gaochun Intercity Rail 17.6 90 $195,556 Hangzhou Metro Line 2 31.7 162 $195,679 Wuhan Metro Line project 10.6 56 $189,286 11-Jul-12 Nanjing Metro Line 3 project. 74.6 276 $270,290 21-May-12 Ningbo Metro Line 1 project 33.7 132 $255,303 Nanjing Metro Line 10 project. 28.5 126 $226,190 27-Dec-11 São Paulo Expresso Tiradentes project 59.4 371 $160,108 Shanghai Metro Line 13 44.8 144 $311,111 Zhengzhou Metro Line 38 150 $253,333 10-Aug-11 Kunming Metro project 33 120 $275,000 Guangzhou Metro Lines 1, 2 and 8 62 192 $322,917 5-Jan-10 Downtown line 38.7 219 $176,712 Shenzhen line 4 21.9 96 $228,125
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ongahhuat888 Member	15-Mar-2013 16:01        ongahhuat888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pls respect her!!!
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wesely2k Veteran	15-Mar-2013 15:42        wesely2k About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Bo Kan Buay Tua Han......still sleeping. GorgeousOng      ( Date: 15-Mar-2013 11:35) Posted: Ayiok! Dont disturb her! Let her sleeps well than later " uh lat" to chiong!!! wesely2k      ( Date: 15-Mar-2013 11:21) Posted: Bo Jalan.........Kun ah...!!!!
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cheongsl Master	15-Mar-2013 12:29        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	The no. of stock that I focus on is reduce significantly as compare when I first join the stock market, 5~6stocks currently, unlike previously I also don't focus and just base on research report, financial report, sometime just plug and play without even thinking of how true all this. But now find something interesting will try to study and analyse will only enter if feel ok, and exit when technical or fundamental change, sometime all the analysis turn out to be useless, like this one maybe will turn out to be one, as currently still don't seems to have anything interesting. As for making money, I can say that currently is making money, I believe future also the same if I continue to do my own decision and analysis. Any mistake make during the path of all this analysis contributed to my learning curve and help me to be more aware of the unknow. Hope that you will also make good money from the stock market. akchua      ( Date: 15-Mar-2013 11:47) Posted: I am FA also but a lazy one. Usually check the financial/company report, local and global business outlook, government direction etc. But seldom scrutinized projects until such details. Too many reports to read. You are very diligent, hope you make good money from stock market. You deserve it. cheongsl      ( Date: 15-Mar-2013 07:37) Posted: I always do my own homework on the evaluation and analysis. I was attrach by the heat of this counter, but currently can't find reason for entering , it takes time to understand a company and its performance. Might continue for some period, if still can't find any fundamental reason for such increase will leave this counter, and approach another counter for evaluation and analysis
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wesely2k Veteran	15-Mar-2013 11:53        wesely2k About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Alamak...is 0.225.Heeee   wesely2k      ( Date: 15-Mar-2013 11:52) Posted: TP 0.70 - BP 0.475 P = 0.275, Huat Ah.................
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wesely2k Veteran	15-Mar-2013 11:52        wesely2k About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	TP 0.70 - BP 0.475 P = 0.275, Huat Ah.................
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akchua Senior	15-Mar-2013 11:47        akchua About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am FA also but a lazy one. Usually check the financial/company report, local and global business outlook, government direction etc. But seldom scrutinized projects until such details. Too many reports to read. You are very diligent, hope you make good money from stock market. You deserve it. cheongsl      ( Date: 15-Mar-2013 07:37) Posted: I always do my own homework on the evaluation and analysis. I was attrach by the heat of this counter, but currently can't find reason for entering , it takes time to understand a company and its performance. Might continue for some period, if still can't find any fundamental reason for such increase will leave this counter, and approach another counter for evaluation and analysis. akchua      ( Date: 13-Mar-2013 08:34) Posted: wow, you go into such details. Usually people sell on news and current market condition is not very good. I think Midas will be range bounded instead of surging.
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GorgeousOng Elite	15-Mar-2013 11:35        GorgeousOng About Contact  Quote this Post!   Yells: "Hehehaha...enjoy life n live to the fullest..."
x 0   x 0  Alert Admin	Ayiok! Dont disturb her! Let her sleeps well than later " uh lat" to chiong!!! wesely2k      ( Date: 15-Mar-2013 11:21) Posted: Bo Jalan.........Kun ah...!!!!
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wesely2k Veteran	15-Mar-2013 11:21        wesely2k About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Bo Jalan.........Kun ah...!!!!
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ballball Master	15-Mar-2013 08:12        ballball About Contact  Quote this Post!
x 0   x 0  Alert Admin	One way ticket?? SJ-Stomp      ( Date: 15-Mar-2013 08:09) Posted: 现 在 你 们 才 开 始 对 这 hot n sexy baby 有 兴 趣 了 ！ 不 迟 不 迟 还 有 一 点 时 间 让 你 们 上 车 買 票 ！
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SJ-Stomp Senior	15-Mar-2013 08:09        SJ-Stomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	现 在 你 们 才 开 始 对 这 hot n sexy baby 有 兴 趣 了 ！ 不 迟 不 迟 还 有 一 点 时 间 让 你 们 上 车 買 票 ！
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Bopanha Master	15-Mar-2013 08:04        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wait for 61 cents, maybe we can rethink whether Midas should move forward or backwards.   Hehehe.
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shareflux Member	15-Mar-2013 08:00        shareflux About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	CHEONG, thanks for that illuminating piece on Midas. The run up in the stock price without corresponding increase is indeed a cause for concern. PE in the range of 100 reminds me of the irrational exuberance of the dot com days. Never expect to see a company with such high valuation in the manufacturing sector in a transparent market where corporate information is so readily available. It is time for investors to re-evaluate their position and pay more attention to the fundamental of their holding.
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Bopanha Master	15-Mar-2013 07:59        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sifu is right. Long when the price is low, sell and maybe short extra when the price is high.   But really, no one can really tell the " when" exactly. Profit taking is no sin.   In fact it boosts the well being of the trader. Lol.. iPunter      ( Date: 15-Mar-2013 07:48) Posted: When the time is right, longists must become shortists...     There's really no point for anyone to remain a 'holdist' all the time...           Thus, to benefit from the game, one must first master the art of longing...                 Which must entail selling at some point  in order to gain from the game. Bopanha      ( Date: 15-Mar-2013 07:41) Posted: Inside a no way out circuit for shortists, he probably has to wait for two years to cover positions at a " small" loss. Huat for longists. Lol..
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iPunter Supreme	15-Mar-2013 07:48        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	When the time is right, longists must become shortists...     There's really no point for anyone to remain a 'holdist' all the time...           Thus, to benefit from the game, one must first master the art of longing...                 Which must entail selling at some point  in order to gain from the game. Bopanha      ( Date: 15-Mar-2013 07:41) Posted: Inside a no way out circuit for shortists, he probably has to wait for two years to cover positions at a " small" loss. Huat for longists. Lol..
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Bopanha Master	15-Mar-2013 07:41        Bopanha About Contact  Quote this Post!
x 0   x 0  Alert Admin	Inside a no way out circuit for shortists, he probably has to wait for two years to cover positions at a " small" loss. Huat for longists. Lol..
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guoyanyunyan Elite	15-Mar-2013 07:40        guoyanyunyan About Contact  Quote this Post! Style: Combined   Yells: "uncertainty always exist"
x 0   x 0  Alert Admin	... lets see can Midas overcome the resistance $0.530 created by gap down window on 22 Feb? ...
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cheongsl Master	15-Mar-2013 07:37        cheongsl About Contact  Quote this Post!
x 0   x 0  Alert Admin	I always do my own homework on the evaluation and analysis. I was attrach by the heat of this counter, but currently can't find reason for entering , it takes time to understand a company and its performance. Might continue for some period, if still can't find any fundamental reason for such increase will leave this counter, and approach another counter for evaluation and analysis. akchua      ( Date: 13-Mar-2013 08:34) Posted: wow, you go into such details. Usually people sell on news and current market condition is not very good. I think Midas will be range bounded instead of surging. cheongsl      ( Date: 13-Mar-2013 07:37) Posted: This is hard to say as the benefit from the JV contract is less then 5% and the awarded price don't seems attractive. MRT weights around 100tonnes when empty, thus will be approximately 16tonnes per car, but current aluminium prices base on the contract sum only allow around 15 tonnes. If the aluminium price goes up in the next two year midas might run into red. Unless the price continue to be same or go below, or they hedge the price, but hedging will also have hedging cost, die tooling etc is also currently not consider yet.   Total Contract sum 109.6 % of the contract train sets car per train Total Car Price per car USD per car tonne of aluminium allow Wuxi Metro Line 2 668 27 4.04% 23 6 138 0.195652 31430.07 15.71503 Dongguan Rapid Railway R2 Line 526.9 22.7 4.31% 20 6 120 0.189167 30388.22 15.19411 Nanjing-Gaochun Intercity Rail 588 17.6 2.99% 15 6 90 0.195556 31414.55 15.70727 Hangzhou Metro Line 2 756 31.7 4.19% 27 6 162 0.195679 31434.38 15.71719 Wuhan Metro Line project   10.6   14 4 56 0.189286 30407.34 15.20367
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