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Midas

puntwcare
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04-Oct-2010 01:29

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Correction

Share to list in HK on 6 oct 2010.

puntwcare ( Date: 04-Oct-2010 01:18) Posted:

List in HK today. lets see how she perform.

hope she will move up,,

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puntwcare
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04-Oct-2010 01:18

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List in HK today. lets see how she perform.

hope she will move up,,

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BB-trader
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30-Sep-2010 16:01

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30-Sep
MAN WAH: China's 300 Bln Yuan High-Speed Rails Offer 'Moving Ad Platform'

Will MIDAS get benefit from this 300 bln project ?

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paul1688
Senior

28-Sep-2010 15:30

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HK Price pegged at HKD 5.43 or SGD 0.93. I think the idea is the dual markets will set 93 cents as the baseline for upsides. We shall see.

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robinsthock
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28-Sep-2010 15:20

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Just out... Trading halt will be lifted and trading for MIDAS resumes at 1600hrs.

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gigi_388
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28-Sep-2010 07:58

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REQUEST FOR TRADING HALT

Pending announcements.

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elton81
Master

27-Sep-2010 12:51

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Yells: "$$ very hard to earn :("

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good time to load up this baby?

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puntwcare
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26-Sep-2010 19:58

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Yes, u are right, share price already retract from 1.09 to 1.02, time to accumulate a little.

It will break 1.10 when trading start in HK.

alexchia01 ( Date: 22-Sep-2010 23:13) Posted:

Yes, MIDAS has good fundamentals, but price rise from $0.87 to $1.07 within 3 weeks.

Already overstretched and Time for a Pull Back.

Never believe the media reports. When the stock is broadcast on TV, it's already too late to Buy.

Always Buy before the Broadcast and Sell upon Broadcast.

Good luck.

gigi_388 ( Date: 22-Sep-2010 23:00) Posted:

why? why? This midas has got strong fundamentals in terms of order book and HK listing should be help pushing the prices up...and this morning ch8 mentioned TP will be at 1.29 Smiley 51

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alexmay
Veteran

25-Sep-2010 00:08

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Write up for the IPO in HKG

The Group is the leading manufacturer of aluminium alloy extrusion products for the passenger rail transportation sector in the PRC. In 2009, the group commanded a 66% share of the PRC market for aluminium alloy extrusion products used in the production of high speed trains and metro train car bodies based on sales revenue, according to CBI China. The Group is engaged in a specialised industry with engineering expertise, often on a project-by-project basis. The PRC market for aluminium alloy extrusion products used in the production of high speed trains and metro train car bodies forms part of the PRC market for aluminium alloy extrusion products. The Group is one of the first and amongst the few in the aluminium alloy extrusion industry in the PRC to possess capabilities for the downstream fabrication of passenger train car bodies. The Group has an established track record of supplying aluminium alloy extrusion products to train manufacturers in the rapidly growing passenger rail transportation sector in the PRC since 2003. The Group also exports aluminium alloy extrusion products internationally and have been involved in a considerable number of train projects in Europe and Asia. During the Track Record Period, its revenue was primarily derived from sales of aluminium alloy extrusion products for the passenger rail transportation sector in the PRC whereas contribution from international sales during the same periods was relatively insignificant. In recognition of its consistently high product quality, the group has been awarded numerous important certifications and awards in the PRC and internationally.

The Group estimates that the group will receive net proceeds from the Global Offering of approximately HK$1,266.9 million after deducting the underwriting fees and expenses payable by the Group in the Global Offering, and assuming the Over-allotment Option is not exercised and an Offer Price of HK$6.10, being the maximum Offer Price stated in the prospectus. The Group intends to use these net proceeds for capital expenditure and potential acquisitions, of which, approximately 45% is intended to be allocated to the capital expenditure on plant and machinery to expand the Company’s production capability of the aluminium alloy business, and approximately 20% on potential acquisitions in the aluminium alloy related industries. For the 45% allocated to capital expenditure, the group intends to apply approximately 35% to expand our production capability by adding new extrusion production lines either through establishing new production centers outside its current production base in Jilin province or at its existing production base. As to the remaining approximately 10%, the group intends to expand its fabrication capability to further realise its intent to develop the Company into an integrated rail transport components supplier of value-added, assembly-ready aluminium extrusion products. The Group’s production capacity expansion plan is expected to cater to the increasing market demand for aluminium alloy extrusion products in the PRC passenger rail industry which, according to CBI China, is projected to increase by 123.4%, 26.3% and 26.0% in 2010, 2011 and 2012, respectively. The Group believes that such demand will continue to rise in the next several years as the PRC government initiatives and policies for the PRC passenger rail transportation industry are expected to remain generally favorable. For the approximately 20% allocated to potential acquisitions, although the group has no identifiable acquisition targets as at the Latest Practicable Date, the group intends to seek opportunities in diversifying its portfolio or increase its market presence in desirable markets by establishing joint venture companies or acquiring suitable companies which are also engaged in the aluminium alloy related sectors; repayment of bank loans; and corporate and general working capital purposes mainly to meet the operating cashflow requirements arising from its expanded production lines which will be operational by the end of 2010. The Group has recently expanded its extrusion and fabrication production capacity by adding three extrusion production lines and two downstream fabrication lines. As at 31 March 2010, the capital commitment for these additional production lines was approximately S$50 million, which will be funded by a combination of the proceeds of the share placement of 120,000,000 Shares that the Company completed in July 2009, internal cash resources, existing bank facilities and, where necessary, additional bank borrowings. In particular, one of the three recently acquired extrusion production lines has commenced operations in April 2010 and one other has commenced trial production in June 2010; and on the other hand, one of the two fabrication production lines has commenced operations in April 2010. As a result of such recently expanded production capacity, the Company will be in great need of corporate and general working capital.

I hope the IPO reception would be good. first day of trading 6Oct2010 look out for it!!!! Maybe very rewarding.

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alexchia01
Elite

22-Sep-2010 23:13

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Yes, MIDAS has good fundamentals, but price rise from $0.87 to $1.07 within 3 weeks.

Already overstretched and Time for a Pull Back.

Never believe the media reports. When the stock is broadcast on TV, it's already too late to Buy.

Always Buy before the Broadcast and Sell upon Broadcast.

Good luck.

gigi_388 ( Date: 22-Sep-2010 23:00) Posted:

why? why? This midas has got strong fundamentals in terms of order book and HK listing should be help pushing the prices up...and this morning ch8 mentioned TP will be at 1.29 Smiley 51

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gigi_388
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22-Sep-2010 23:00

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why? why? This midas has got strong fundamentals in terms of order book and HK listing should be help pushing the prices up...and this morning ch8 mentioned TP will be at 1.29 Smiley 51

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jcguy2010
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22-Sep-2010 19:12

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Will the share price in singapore go down upon start of hk trading due to dilution upon issue of new shares?

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insidertips
Member

21-Sep-2010 19:41

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BUY BUY BUY - Do not missed out on this coming Rally of this counter ! STRONG SIGNAL of UPTREND !

tonylim ( Date: 21-Sep-2010 17:04) Posted:

Last minute buy up of 100 lots at 1.08 !!

paul1688 ( Date: 21-Sep-2010 10:06) Posted:

From Lim & Tan.
S$1.02-MIDS.SI
�� The listing committee of the Stock Exchange Of Hong Kong has granted an approval in principle for the company’s proposed HK listing and management said that the maximum offer price has been determined at S$1.05. However, the final offer price (expected to be announced around 28 Sept ’10) is still subject to the joint bookrunners and the company.

From Kim Eng.

Midas Holdings (MIDAS SP, $1.02, BUY, TP $1.20) –

Midas has commenced the marketing of its proposed new share offering on the Hong Kong Stock Exchange. Barring unforeseen circumstances, we would expect these shares to start trading on 6 October. We discuss the implications of this long‐awaited development and conclude that it will be overall positive in the longer term for Midas.

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tonylim
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21-Sep-2010 17:04

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Last minute buy up of 100 lots at 1.08 !!

paul1688 ( Date: 21-Sep-2010 10:06) Posted:

From Kim Eng.

Midas Holdings (MIDAS SP, $1.02, BUY, TP $1.20) –

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paul1688
Senior

21-Sep-2010 10:06

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From Kim Eng.

Midas Holdings (MIDAS SP, $1.02, BUY, TP $1.20) –

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puntwcare
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21-Sep-2010 09:49

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Now there is good possibily it will see old high 1.80 when listed in HK.

been waiting, waiting..

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Tanisha
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21-Sep-2010 09:21

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has got strong fundamentals in terms of order book and expansion growth in China. HK listing will help pushing the prices up...buying more of it :)

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inewbie
Member

20-Sep-2010 14:40

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Yells: "if you want the rainbow, you gotta go through the rain!"

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have realised quite a fair bit last week but still hapi to see it cheonging hi and higher!

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tonylim
Master

20-Sep-2010 13:26

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Touching $1.10 soon..following strong buy up

12:29:48	1.060	8,000	Buy Up
12:29:44	1.060	10,000	Buy Up
12:29:28	1.060	10,000	Buy Up
12:29:15	1.060	50,000	Buy Up
12:28:40	1.060	100,000	Buy Up
12:28:38	1.060	10,000	Buy Up
12:28:08	1.050	510,000	Buy Up
12:28:07	1.050	100,000	Buy Up
12:28:04	1.050	5,000	Buy Up
12:28:04	1.050	10,000	Buy Up
12:28:02	1.050	10,000	Buy Up
12:28:01	1.050	64,000	Buy Up
12:28:01	1.050	15,000	Buy Up
12:27:59	1.050	50,000	Buy Up
12:27:59	1.050	10,000	Buy Up
12:27:58	1.050	30,000	Buy Up
12:27:57	1.050	200,000	Buy Up
12:27:56	1.050	160,000	Buy Up
12:27:54	1.050	25,000	Buy Up
12:27:54	1.050	300,000	Buy Up
12:27:42	1.050	10,000	Buy Up
12:27:33	1.050	40,000	Buy Up
12:27:27	1.050	50,000	Buy Up
12:27:17	1.050	10,000	Buy Up
12:27:16	1.050	20,000	Buy Up
12:27:11	1.050	40,000	Buy Up
12:27:09	1.050	150,000	Buy Up
12:27:03	1.050	5,000	Buy Up
12:26:58	1.050	10,000	Buy Up
12:26:53	1.050	4,000	Buy Up
12:26:43	1.050	10,000	Buy Up
12:26:30	1.050	50,000	Buy Up
12:26:24	1.050	10,000	Buy Up
12:26:21	1.050	5,000	Buy Up
12:26:17	1.050	35,000	Buy Up
12:26:16	1.050	16,000	Buy Up
12:26:14	1.050	50,000	Buy Up
12:25:24	1.050	30,000	Buy Up
12:25:23	1.050	10,000	Buy Up
12:25:21	1.050	30,000	Buy Up
12:25:18	1.050	3,000	Buy Up
12:25:09	1.050	5,000	Buy Up
12:25:07	1.050	20,000	Buy Up
12:25:06	1.050	8,000	Buy Up
12:25:05	1.050	10,000	Buy Up
12:25:02	1.050	10,000	Buy Up
12:25:00	1.050	10,000	Buy Up
12:25:00	1.050	50,000	Buy Up
12:24:57	1.050	30,000	Buy Up
12:24:57	1.050	20,000	Buy Up
12:24:56	1.050	10,000	Buy Up
12:24:55	1.050	10,000	Buy Up
12:24:53	1.050	15,000	Buy Up
12:24:52	1.050	4,000	Buy Up
12:24:52	1.050	80,000	Buy Up
12:24:48	1.050	200,000	Buy Up
12:24:47	1.050	20,000	Buy Up
12:24:33	1.050	15,000	Buy Up
12:24:22	1.050	30,000	Buy Up
12:24:18	1.050	10,000	Buy Up
12:24:14	1.050	10,000	Buy Up
12:24:12	1.050	300,000	Buy Up
12:23:54	1.050	10,000	Buy Up
12:23:27	1.050	10,000	Buy Up
12:23:23	1.050	10,000	Buy Up
12:23:10	1.050	5,000	Buy Up
12:23:09	1.050	100,000	Buy Up
12:22:58	1.050	50,000	Buy Up
12:22:57	1.050	100,000	Buy Up
12:22:56	1.050	100,000	Buy Up
12:22:55	1.050	20,000	Buy Up
12:22:51	1.050	10,000	Buy Up
12:22:49	1.050	100,000	Buy Up
12:22:41	1.050	30,000	Buy Up
12:22:27	1.050	1,000	Buy Up
12:22:00	1.040	200,000	Buy Up
12:21:57	1.040	750,000	Sell Down
12:21:46	1.040	813,000	X
12:21:45	1.040	2,221,000	Buy Up
12:20:42	1.030	2,000	Sell Down
12:19:13	1.030	2,000	Sell Down
12:16:33	1.030	1,000	Sell Down
12:15:58	1.030	1,000	Sell Down
12:15:25	1.030	10,000	Sell Down
12:12:02	1.030	3,000	Sell Down
12:11:14	1.030	5,000	Sell Down
12:08:22	1.030	1,000	Sell Down
12:07:17	1.030	8,000	Sell Down
12:06:47	1.030	10,000	Sell Down
12:05:21	1.030	4,000	Sell Down
12:05:01	1.030	10,000	Sell Down
12:01:14	1.030	10,000	Sell Down
12:01:09	1.030	2,000	Sell Down
12:00:53	1.030	5,000	Sell Down
12:00:50	1.030	10,000	Sell Down
11:59:47	1.030	7,000	Sell Down
11:55:31	1.030	6,000	Sell Down
11:52:17	1.030	5,000	Sell Down
11:50:44	1.030	40,000	Sell Down
11:50:18	1.030	4,000	Sell Down

Sporeguy ( Date: 20-Sep-2010 12:26) Posted:

Resistance at $1.17 using increasing Trendline as well as previous high.

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Sporeguy
Elite

20-Sep-2010 12:26

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Resistance at $1.17 using increasing Trendline as well as previous high.

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