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Midas
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CrazGreed
Senior |
11-Jan-2013 10:22
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Biz Trip in states (already 5 months). Coming back for CNY soon... :) | ||||
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davidoch
Member |
11-Jan-2013 10:22
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Just out at 0.525... nvr meet 100k profit...
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davidoch
Member |
11-Jan-2013 10:03
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OK, let celebrate in Euro , oh not just came back from there or royal cruise? anyone there for this CNY royal crusie.
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Peter_Pan
Supreme |
11-Jan-2013 10:02
Yells: "did you order dunkin' donuts" |
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Big Congratulation to you. Wish you HUAT BIG BIG!!!
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CrazGreed
Senior |
11-Jan-2013 09:48
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Must invite me lei....i will fly back to Singapore to join you....
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GorgeousOng
Elite |
11-Jan-2013 09:46
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Hahaaaa ! Cheeeeers....Someone is going to throw us a big party soon!!! Sabai Sabai | ||||
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Chico84
Member |
11-Jan-2013 09:38
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Hi Peter,
What is the good entry point?
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davidoch
Member |
11-Jan-2013 09:34
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Peter, well done. This is one of the most enjoyable stock I ever buy....all the way up ...nvr turning back ...super.. Look like buying is very strong...0.6 coming...closer to my 100k profit....
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Peter_Pan
Supreme |
11-Jan-2013 09:23
Yells: "did you order dunkin' donuts" |
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What an incredible journey. | ||||
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Peter_Pan
Supreme |
11-Jan-2013 09:21
Yells: "did you order dunkin' donuts" |
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This train is travelling fast and furious overnight and has finally gotten out of no-man's land by this morning when we woke up. | ||||
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dicksonh
Veteran |
11-Jan-2013 09:15
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Yup, alot of good news from China, trade surplus over 48%, think china related stocks should soar! |
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NICHOLASCHUA
Member |
11-Jan-2013 09:14
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Definitely. Let's just let this baby run. Cheers!
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bishan22
Elite |
11-Jan-2013 09:12
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Another good day for midas. Gap closed. TP: 0.60. 
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Peter_Pan
Supreme |
10-Jan-2013 20:25
Yells: "did you order dunkin' donuts" |
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Midas Keep the orders flowing China’s rail industry is likely to pick up, as the government increases infrastructure investment to drive economic growth. The Chinese government plans to spend between RMB600b and RMB650b in 2013 in rail investment, and as one of the dominant aluminium alloy extrusion products manufacturer for the rail transport industry, we believe Midas stands to benefit. Its JV (NPRT) is expected to turnaround in FY13, supported by its strong order book of RMB9b, with deliveries expected from FY13. With the potential for more orders as the demand for train cars rises, we think Midas should enjoy a re-rating. Maintain BUY with a TP of S$0.75, based on 1.5x FY13 P/B, a 25% discount from its average of 2x. Government remains committed in its investment in the rail industry. China aims to have 18,000 km of high-speed railway by 2015. It was reported that the total railway investment could reach RMB1.8t over the next few years (2013 to 2015). China recently opened a 2,298 km high-speed line between Beijing and Guangzhou, reflecting its commitment to this goal. Trains are essential in China’s transportation system. As train ridership rises (especially along intercity routes), the demand for train cars can be expected to increase. We think that Midas would stand to benefit from this trend, given that it has a ~66% market share. Plans to increase capacity. With the demand for train cars expected to increase, supported by the increased government investment, Midas is expanding its aluminium extrusion capacity in Central China. Its new plant in Luoyang, which is expected to be ready in 2013, has a capacity of 10,000 tonnes / year (+20% from current levels). At the same time, it has a secured an agreement with Luoyang CSR, to supply all its aluminium alloy extruded products and fabricated parts requirements. This added capacity would allow Midas to meet the expected increase in demand for train cars, as the government builds more train tracks. Valuation appears attractive. While order book deliveries are expected from FY13, we think the bulk could be in FY14 and FY15, as the government pushes to achieve its 2015 target. Midas currently trades at 0.9x FY13F P/B. During 2009 and 2011 when the order flow was good, Midas traded at an average of 2.0x P/B. Given the positive outlook for China’s rail industry and the potential for more contracts to be awarded, we believe Midas deserves a re-rating. Pegging it to 1.5x FY13 P/B, we arrive at a revised TP of S$0.75.
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Peter_Pan
Supreme |
10-Jan-2013 19:20
Yells: "did you order dunkin' donuts" |
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Congrats to you!
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davidoch
Member |
10-Jan-2013 17:23
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Yes MIDAS, my darling, I love u. UP UP UP......all the way...pls don't rest shoot all the way up to $1....
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staphy82
Member |
10-Jan-2013 17:12
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Midas is the best!!! Go go go go go!!!!!!! Huat huat huat huat huat!!!!!!!!!! |
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alexmay
Veteran |
10-Jan-2013 15:00
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Midas also does works for Bombardier. http://www.bombardier.sg/en/corporate/about-us |
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alfredx
Member |
10-Jan-2013 14:42
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i know what u mean.. i got the the copy in MIDAS home page.. i don 't anyhow copy and paste and said midas made this and that.. and it only happen on 2015 onward... heres the link... http://www.midas.com.sg/company/aluminiumps.aspx
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CrazGreed
Senior |
10-Jan-2013 14:26
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Bro, Alcoa and Midas are two different companies. There are more than 50 types of Aluminum grades... midas will ride on china waves.... but not on aero industry
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