Not sure when your baseline starts but many sectorial stocks (property, bank, commodities, infrastructure) moved up a lot since a year ago, but many stocks are still way off the last highs.

On Midas, the stock not only went up cos of dual listing.  The company has set its financing in order for new production lines (yes, the recent placement was part of the plan), it won contract after contract and the order books are full on existing capacity for the next few years, and it continue to plan capacity to anticipated growth being in an oligopoly market for specialty rail cars in China.

No one can assure that Midas share price can only rise.  Short term play is always at mercy of global market sentiments and BB actions. But on the same breath, to state that price will come down below 68 cents seems casual.  Midas is not building railway projects (network).  Like another forumer mention, the Chinese rail network is part of a nationalised infrastructure plan - this is not subjected to credit control unlike for luxury housing and SMEs.  You can readily read about Chinese rail plans in the Internet - it is expanding at an unprecedented amazing pace and China know it needs this to hold the long term intra-China economy in a coherent manner. 

Disclaimer : Just my humble view. Vested.

Victorf,

On e 20-Jan-2010, u still asking pple 2 buy in dip. How do u explain tis?

victorf      ( Date: 20-Jan-2010 12:19) Posted: still call for buy on dip for this counter....technically bullish (Market in pause mode and only selected counters will give you good gain within short period)....good luck :) Rate This Post:   Useful To Me   Not Useful To Me   victorf Veteran 18-Jan-2010 12:38      About victorf      Contact       Quote!           x 0 x 0 Alert Admin buy on dip as technically bullish....now in $1.03 - 1.16 wave....good luck :) victorf Veteran 14-Jan-2010 14:22      About victorf      Contact       Quote!           x 0 x 0 Alert Admin buy on dip for MIDAS.....as said last few days, technically bullish counter.....good luck :) victorf Veteran 13-Jan-2010 10:33      About victorf      Contact       Quote!           x 0 x 0 Alert Admin technical bullish

hello, are u trying to buy at 68 cents??

how can the railway business get affected? China is so big and prospering . they need good infrastructure. Govt will look into these area.

THE STRAITS TIMES Index (STI) fell for the second week in a row on continued fears that the Chinese government
is starting to tighten liquidity aggressively. Last week, the STI ended at 2,819.7 points, down 3.1%. Compared
with its high a fortnight ago, it is now down 3.9%, mirroring declines in bourses around the world.

China’s economy grew 8.7% last year, beating the government’s 8% target, while 4Q2009 GDP rose 10.7%, the fastest
growth rate in two years. The country’s central bank has raised the interest rate on its treasury bills to curb
lending.Reports also say that some banks have been told to rein in lending because they failed to meet regulatory
requirements while others have been asked to halt lending for the rest of January. The government is also expected
to hike bank reserve ratios, for the second time this month, by another 50 basis points, before the Lunar New Year.

Compounding the fears, US President Barack Obama chose last week to announce a proposal to overhaul US banks in order
to prevent future financial crises. The plan aims to limit the size and activities of large financial institutions.

However, DBS Vickers continues to believe China’s monetary policy will remain relatively accommodative, though some
gradual normalisation and fine-tuning measures can be expected. Given the number of loans made in the first two weeks
of January, and the growing risk of inflation, it sees recent policy moves as reasonable.

While it would continue to avoid China property plays such as Yanlord Land Group and Pan Hong Property Group in anticipation
of government moves to cool the property market, the brokerage is much more positive on domestic consumption plays like
Wilmar International, Pacific Andes Resources Development, Hong Leong Asia, Midas Holdings and China Animal Healthcare.

( 'o') ( 'o') UP!  ('o' ) ('o' ) ('o' )