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nickyng Supreme	03-Aug-2011 10:23        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	well...gd that u cut..but abeit too late...u shld cut early...today u cut will b huge losses....if 53cts hold today....it shld c a decent rebounce...gd luck to those vested! :P xing78      ( Date: 03-Aug-2011 10:20) Posted: I have cut my losses this morning. A drop to 0.44 is possible. Will be looking to go short on this counter. Good Luck :p
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xing78 Elite	03-Aug-2011 10:20        xing78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have cut my losses this morning. A drop to 0.44 is possible. Will be looking to go short on this counter. Good Luck :p
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eurekaw Master	03-Aug-2011 10:19        eurekaw About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, why u seemed so sure? and keep buying
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Hulumas Supreme	03-Aug-2011 10:18        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Keep buying, you won't be wrong! eurekaw      ( Date: 03-Aug-2011 10:16) Posted: Which BB bought 1500 lots one shot
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eurekaw Master	03-Aug-2011 10:16        eurekaw About Contact  Quote this Post!
x 0   x 0  Alert Admin	Which BB bought 1500 lots one shot
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nickyng Supreme	03-Aug-2011 10:14        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	44cts?!??! that one too far lah...i think if it dun touch 50cts for this week...it shld b SAFE from 44cts ! perhaps may hv a tech rebounce from current 53cts level :) hope those LONGIST that hv been living in DENIAL here will wake up !! :P u CANNOT fight Mr Market wor :D Bintang      ( Date: 03-Aug-2011 09:32) Posted: New all time low since the crisis . Bintang      ( Date: 02-Aug-2011 11:56) Posted: The downside target remains at 44 cents
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Bintang Elite	03-Aug-2011 09:32        Bintang About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	New all time low since the crisis . Bintang      ( Date: 02-Aug-2011 11:56) Posted: The downside target remains at 44 cents . Bintang      ( Date: 31-Jul-2011 16:01) Posted: As from Midas 's weekly chart , it formed a shooting star on 24/09/2010 . The trend had become weak n started to trend down all the way . By then  reaching   14/01/2011 , it formed again another shooting star, weekly DIs were negatively placed n ADX started to rise . It ran down rapidly in the comimg weeks to break the symmetrical triangle on 02/02/2011. By measuring this formation , it would to reach 73 cents , but it reached 66 cents instead . And it rebounded from here to form a bearish rising wedge in the next few weeks reaching 83.5 cents . The poor sentiment had never changed , it broke out of this formation again on 21/04/2011 . If the measurement is accurate , it may to achieve a downside target at 44 cents
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nickyng Supreme	03-Aug-2011 09:16        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	wah !! new 52wk LOW of 52cts !!! wah kao !!! :P this burger next failed to my expectation siah !! :P gd luck to those vested ! :D
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knightrider Elite	03-Aug-2011 09:14        knightrider About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	When broking house analyst state a " Buy" call, means they will sell you what they have on hands, you listen, you die ! Good Luck.
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PeterOng_21 Member	03-Aug-2011 05:32        PeterOng_21 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	2ND AUGUST -OCBC RESEARCH RECOMMENDS BUY TP $0.88   2 August 2011 Maintain BUY Previous Rating: BUY Current Price: S$0.575 Fair Value: S$0.88 SINGAPORE Company Update MITA No. 019/06/2011 Reuters Code MIDA.SI ISIN Code 5EN Bloomberg Code MIDAS SP Issued Capital (m) 1,218 Mkt Cap (S$m / US$m) 700 / 583 Major Shareholders Chen Wei Ping 10.8% Free Float (%) 79.0% Daily Vol 3-mth (‘000) 7,898 52 Wk Range 0.545 - 1.090 First a graft scandal, now an unfortunate accident. Midas Holdings (Midas) has seen its share price plummet 39.2% YTD following the corruption scandal surrounding the now dismissed former Minister of Railways Liu Zhijun in Feb and more recently the tragedy involving two high-speed train collisions in China. The latter took place on 23 Jul 2011 in Wenzhou City and occurred when the railway signal system which had design flaws failed to alert the colliding bullet train of another stalled train (which had been struck by lightning) on the track. Contract tenders likely to be delayed in near term... China's Premier Wen Jiabao has ordered a thorough investigation process to be made public to increase transparency. A two-month safety overhaul has since been launched from 24 Jul to identify and resolve safety issues and risks in a bid to improve the railway system and assuage public outrage over the accident. Hence we expect uncertainty to surround railway manufacturers and their suppliers such as Midas in the near-term as the tendering of contracts by China's Ministry of Railways (MOR) is likely to be delayed in the midst of ongoing investigations and safety checks. We had previously highlighted our optimism that Midas' order book momentum could gain traction from 2H11. …but long term outlook remains positive. Notwithstanding this latest setback, we maintain our positive view on the longerterm prospects on China's railway sector. The railway sector remains strategically important to China's economic development as well as catering to the transportation needs of its people. Moreover, Midas currently has an order backlog of ~RMB1.3b which should partially mitigate the effects of a delay in contract wins. Maintain BUY albeit reduced fair value estimate. We have reviewed our assumptions in light of current developments and see the need to lower our FY11/FY12F revenue and earnings estimates by 9.1%/7.5% and 10.5%/7.7% respectively due to likely delays in contract tenders by MOR in the short term horizon. We also lower our valuation peg on Midas to 18x FY11F EPS (previously 20x), taking into consideration the increasing uncertainty and muted sentiment regarding the near-term industry outlook. Our fair value estimate consequently declines from S$1.10 to S$0.88. Nevertheless, we opine that Midas' share price has already been over-sold and much of these negativities are likely priced in. Valuations are undemanding, in our opinion, as the stock is now trading at 9.5x FY12F PER, close to one standard deviation below its historical average forward PER against our projected EPS CAGR of 12.8% from FY10-FY12F. With an upside potential of 53.0%, we maintain our BUY call on the Midas. Wong Teck Ching (Andy) (65) 6531 9817 e-mail: AndyWong@ocbc-research.com 1000 1500 2000 2500 3000 3500 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 0.2 0.4 0.6 0.8 1.0 1.2 Midas STI FY09 FY10 FY11F FY12F (S$ m) (S$ m) (RMB m) (RMB m) Revenue 150.0 207.4 1415.1 1790.5 Gross profit 56.6 69.5 487.7 618.9 EPS (cts) 4.2 4.7 25.7 32.2 PER (x) 13.8 12.2 12.0 9.5 P/NAV (x) 1.7 1.3 1.2 1.1
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xing78 Elite	02-Aug-2011 23:39        xing78 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chart doesn't looks good to me after the drop today. Possibly I will closed my long position on this counter tomorrow just to be on the safe side. Good Luck :p
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lowchia Veteran	02-Aug-2011 22:46        lowchia About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	On Tuesday, Midas re-test the support at $0.55 and closed at $0.55 with HIGH volume of 18.82 million shares traded. Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. Both RSI & MACD are bearish as RSI in oversold region. Important Resistance of Midas: $0.60 Immediate Support of Midas: $0.55 Currently prices are well below 20/50/100/200 days MA. Midas has been............. READ MORE
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eurekaw Master	02-Aug-2011 21:07        eurekaw About Contact  Quote this Post!
x 0   x 0  Alert Admin	According to its 12th Five-Year Plan, the PRC government is committed to the continuity and safety of railway development in the country, and will continue to step up on the expansion and improvement of its railway network nationwide. The Ministry of Railways has set aside RMB745.5 billion for railway investment in 2011. In particular, high-speed railway remains the main focus of the PRC’s strategies on national railway development, with a total of 45,000 kilometres and spending of RMB2.8 trillion expected at the end of the 12th Five-Year Plan. At the same time, more second-tier cities and provincial capitals are expected to initiate the construction of urban light rail and metro lines.
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hpong5 Master	02-Aug-2011 21:04        hpong5 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Penny stocks will be back in play after blue chips have their run. Wonder which penny stocks are good also besides this one? GuavaXF30      ( Date: 02-Aug-2011 20:36) Posted: I don't care what the fund managers or analyst says. Most time they are not right with their calls anyway. I just trust myself. AND their RMB 3.3 billion orders they just got from China !!! hpong5      ( Date: 02-Aug-2011 20:03) Posted: The other time Capital Group sold Tiger big quantity, a few days later, Tiger shot up. They really sell at the wrong time everytime. Maybe they will kenna the Murphy's Law again
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eurekaw Master	02-Aug-2011 20:56        eurekaw About Contact  Quote this Post!
x 0   x 0  Alert Admin	RMB 3.3 billion orders is definately not a fake.
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eurekaw Master	02-Aug-2011 20:54        eurekaw About Contact  Quote this Post!
x 0   x 0  Alert Admin	well said
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GuavaXF30 Master	02-Aug-2011 20:36        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't care what the fund managers or analyst says. Most time they are not right with their calls anyway. I just trust myself. AND their RMB 3.3 billion orders they just got from China !!! hpong5      ( Date: 02-Aug-2011 20:03) Posted: The other time Capital Group sold Tiger big quantity, a few days later, Tiger shot up. They really sell at the wrong time everytime. Maybe they will kenna the Murphy's Law again. New123      ( Date: 02-Aug-2011 19:46) Posted: If it is not the right time to buy, do you think JP Morgan want to buy those shares...Obviously they see value in this stock..
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hpong5 Master	02-Aug-2011 20:03        hpong5 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	The other time Capital Group sold Tiger big quantity, a few days later, Tiger shot up. They really sell at the wrong time everytime. Maybe they will kenna the Murphy's Law again. New123      ( Date: 02-Aug-2011 19:46) Posted: If it is not the right time to buy, do you think JP Morgan want to buy those shares...Obviously they see value in this stock.. hpong5      ( Date: 02-Aug-2011 18:36) Posted: Went to queue at 0.55 buy didn't get. Tomorrow try again. Quite a few brokerages' reports also say can buy
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New123 Elite	02-Aug-2011 19:46        New123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If it is not the right time to buy, do you think JP Morgan want to buy those shares...Obviously they see value in this stock.. hpong5      ( Date: 02-Aug-2011 18:36) Posted: Went to queue at 0.55 buy didn't get. Tomorrow try again. Quite a few brokerages' reports also say can buy. nickyng      ( Date: 02-Aug-2011 16:22) Posted: dun b so eager to loose ur hard earned $$....dun buy now...it will test 50cts....this or next wk.... :P u got TONNES of chances to buy then :P
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hpong5 Master	02-Aug-2011 18:36        hpong5 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Went to queue at 0.55 buy didn't get. Tomorrow try again. Quite a few brokerages' reports also say can buy. nickyng      ( Date: 02-Aug-2011 16:22) Posted: dun b so eager to loose ur hard earned $$....dun buy now...it will test 50cts....this or next wk.... :P u got TONNES of chances to buy then :P hpong5      ( Date: 02-Aug-2011 15:11) Posted: Ok maybe can buy at 0.555 now
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