Midas    Last:0.192   -

Midas

U r so insulting. Hope u say something more constructive.

God bless u

 

 Wah tankuku, u are vested n your tone now 360 degrees differ from before, no more talk down leh.

Hope u dun sell too early n start talking it down again hor.

tankuku      ( Date: 23-Sep-2009 08:35) Posted: With Dow up +51 pts, most counter should be trade higher. The listing in HK should be above S$1.00 . So expecting MIDAS to move in the direction towards $1.00 soon. Short at your own risk. Good luck.

 

ya, just ignore that guy... could never verify his/her talk

richtan      ( Date: 23-Sep-2009 09:08) Posted: Hope is not talk big n have the guts (not balls shrink hor). Anyway, whether he/she really short or not, no way to verify, could be just empty-talk. ozone2002      ( Date: 23-Sep-2009 09:06) Posted: if u have the capability, DO IT.. actions speak louder than words..

 

 Dun shiver n pee in your underwaer or panties hor

risktaker      ( Date: 23-Sep-2009 09:07) Posted: jia lat kenna caught short...

 

Reaching $1.00 soon. Short at your own risk

Good luck

 

Hope is not talk big n have the guts (not balls shrink hor).

Anyway, whether he/she really short or not, no way to verify, could be just empty-talk.

ozone2002      ( Date: 23-Sep-2009 09:06) Posted: if u have the capability, DO IT.. actions speak louder than words.. risktaker      ( Date: 23-Sep-2009 08:52) Posted: Woot opening higher for me to SHORT :) Look at goldenagr :)

 

Finally break at $0.92 with strong buying interest:

05:24	0.915	10,000	Sold to Buyer
09:05:17	0.915	911,000	Bought from Seller
09:05:16

 

 

jia lat kenna caught short...

 

if u have the capability, DO IT..

actions speak louder than words..

risktaker      ( Date: 23-Sep-2009 08:52) Posted: Woot opening higher for me to SHORT :) Look at goldenagr :) ozone2002      ( Date: 23-Sep-2009 08:51) Posted: gotta break 90.5 CONVINCINGLY before heading to the big 1.0!

 

KIM ENG ---- 


Midas – Company update (James KOH 64321431) Previous day closing price: $0.865
Recommendation: Buy (maintained)
Target price: $1.15 (Previously $0.985)
Still packing the theatre
We recently hosted a roadshow for Midas in the US, which was very well-received by funds. The exciting growth prospects within the China rail infrastructure space continue to capture the imagination, with the main discussion points being the competition within this space, the sustainability of growth for Midas and the progression on expansion.
A smaller share of the bigger pie
While Midas still holds a clear lead in terms of certification and track record, management expects competition to intensify, with listed peers such as Shandong Nanshan (Shanghai) and Zhongwang (HK) stating their intentions to break into this market. Going forward, they believe achieving a lower 50-60% market share of this growing pie would be a more reasonable target, which will still ensure strong growth.
Life after trains
Improving the rail infrastructure network is an important government initiative, with current directives providing clear visibility over the next 2-3 years. Even subsequent to the stimulus package, we expect this program to continue. Over the longer term, management will look into other feasible, promising industries such as aviation to continue its growth.
Progress on the installation of 4th and 5th extrusion lines
We now expect the 4th and 5th extrusion lines to come onstream by 2Q09 and 4Q09, earlier than our earlier estimates. Our model factors in Midas winning a 50%-60% market share of the upcoming round of orders, which is twice the size of the first round. This will already keep all its five extrusion lines busy at about 75% utilisation.
Much more tracks to run
We adjust our earnings to take into account higher effective capacity in FY10 and higher tax rates in FY11. We now peg our target price to 20X FY10E. We believe the Chinese rail industry is still at its early-mid cycle. With the Ministry of Railway due to announce the 2nd round of high-speed train orders, we expect orders to flow down to Midas within 3-4 months.

 

Woot opening higher for me to SHORT :) Look at goldenagr :)

ozone2002      ( Date: 23-Sep-2009 08:51) Posted: gotta break 90.5 CONVINCINGLY before heading to the big 1.0!

 

gotta break 90.5 CONVINCINGLY before heading to the big 1.0!

 

With Dow up +51 pts, most counter should be trade higher. The listing in HK should be above S$1.00 . So expecting MIDAS to move in the direction towards $1.00 soon.

Short at your own risk. Good luck.

 

This baby will open higher for me to short hahaha :)

 

Hi tonylim,

I really can't fortune-tell the price at year-end but based on chart, it will most likely head towards the upper channel resistance line but within wat time-frame, I can't really tell. It may then probably have some corrections prior to breakout of the upper channel line.

tonylim      ( Date: 22-Sep-2009 22:23) Posted: RichTan, What price will your chart indicate at year end.  Most TAs put it at $1.50 or more. richtan      ( Date: 22-Sep-2009 22:07) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

RichTan,

What price will your chart indicate at year end.  Most TAs put it at $1.50 or more.

richtan      ( Date: 22-Sep-2009 22:07) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Today few BBs inside playing majong haha Win or lose havent decided yet. But i am on the shorter side on midas :)

keepnosecrets      ( Date: 22-Sep-2009 21:09) Posted: I will like to upgrade Midas to buy with target price SG$1.50.  Will start accumulation with overweight for this counter.

 

I will like to upgrade Midas to buy with target price SG$1.50.  Will start accumulation with overweight for this counter.

 

My favourite counter to Short :)

Hulumas      ( Date: 22-Sep-2009 15:26) Posted: Within next week, it should be one of my favourate counter next for dual listing, I suppose. Ha. ha.. ha... tonylim      ( Date: 22-Sep-2009 15:15) Posted: The company must have the interest of shareholders before going ahead with second listing to increase the stock value.  Moreover, it must get the approval of the authority first.  Do not panic as I believe tankuku has waited too long for the dip to pick up this stock which will not happen unless there is a major correction of the stock market. Be patient and be a winner.