ShareJunction - Member Posts

x 2

x 1

Yup, I too agree with u tat the fall is in line with the overall mkt weakness.

I, too think is good time to add b4 it runs up.

I believe the gap is not a runaway gap n will be covered during the run-up, there should be no cause to be unduly worried n no cause for concern, this is just my view, so dyodd n BOSAYORThe ga

freeme ( Date: 06-Oct-2009 07:21) Posted:

yes it gap dw. 50MA line becomes the resistance at 0.85. But the fall is inline with the overall mkt weakness. Personally i tink is good time to add b4 it runs up.

lookcc ( Date: 05-Oct-2009 22:39) Posted:

cut loss????

x 0

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.

x 0

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.

x 0

Thanks for sharing your view, anyway, it's fine with me if I m wrong, as stated in my disclaimer:-

"This is only my view n I may be right or wrong, so dyodd and SOBAYOR".

DnApeh ( Date: 05-Oct-2009 22:23) Posted:

i think you are wrong.

Support at 0.81 (low of 7 Aug and 2 Sep) broken today and price closed below it.

2 Oct was a gap down.

i am bearish.

richtan ( Date: 05-Oct-2009 22:15) 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.

x 2

x 0

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.

x 2

x 0

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.

x 0

ozone2002 ( Date: 30-Sep-2009 11:18) Posted:

Ausgroup Ltd (S$0.73) - Right place, right time

We initiate coverage on AusGroup with a target price of S$1.08, based on 13x

CY11 P/E, in line with its historical average since listing. We see share-price

catalysts from order wins from a series of LNG and mineral projects in Australia.

Among its SGX-listed peers, AusGroup has purer exposure to the Australian LNG

sector, thanks to its wider ambit of services and operations in Australia. The group

is bidding for A$2bn worth of orders in LNG and mineral resource projects over

the next 12 months and we estimate its order book could grow by 25% to A$500m

by Jun 10. We see a buying opportunity as AusGroup is trading below its

historical valuations.

bennykusman ( Date: 05-Oct-2009 09:50) Posted:

is it good time to collect now ? 0.675 now

x 0

tankuku
Senior

Posted: 30-Sep-2009 19:27 Contact tankuku * Quote this Post!

x 0

x 0

* Alert Admin

Good buy

The below report from CIMB on 30/9/2009 Wednesday

Expected to secure A$125m orders from Gorgon in the next six months.

Over the next 18 months, management plans to submit A$1bn of bids for the Gorgon
project.

Some A$60m has already been submitted and another A$420m will be
submitted by end-2009.

The bids are for fabrication work for the upstream phase (preassembled
pipe racks, modules, subsea manifolds and spools).

We expect the group to secure A$125m of contracts from the project by 1Q10.

To date, the Gorgon project has awarded A$2bn worth of projects to sub-contractors for infrastructure and logistics work and is expected to award another A$10bn in the coming three months.

We anticipate further order wins from the Gorgon project for AusGroup from 2H10
when contracts for subsea/LNG plant work are announced.

On the lookout for acquisitions.

With a strong cash position, we expect management to announce acquisitions in the near term. Potential acquisitions would be similar to MAS: providing similar businesses, enhancing AusGroup’s footprint in East Australia/South-East Asia and achieving the required rate of returns

bennykusman ( Date: 05-Oct-2009 09:50) Posted:

is it good time to collect now ? 0.675 now

x 0

yipyip
Veteran

Posted: 02-Oct-2009 16:11 Contact yipyip * Quote this Post!

x 1

x 0

* Alert Admin

Ausgroup rated outperform

The Edge, 30 Sept 2009

CIMB in a Sept 30 research report says: "AusGroup provides fabrication, construction and asset maintenance services to the oil, gas
and mineral resource industries. Capex for the Gorgon LNG project in Western Australia has been projected at A$43 billion. Tendering
for various contracts is underway and we believe AusGroup can secure an initial A$125 million contract in FY2010.

"AusGroup is bidding for A$2 billion worth of orders in LNG and mineral resources over the next 12 months. We estimate its order book
could grow by 25% to A$500 million by June 2010 from A$400 million currently. AusGroup is trading at a market cap to order book of
0.74x, a discount to its 3-year average of 1.34x. On a forward P/E basis, it is trading at 9x for CY11, below its historical 13x average.

We see a buying opportunity. Target price of $1.08. OUTPERFORM (initiating coverage)."

bennykusman ( Date: 05-Oct-2009 09:50) Posted:

is it good time to collect now ? 0.675 now

x 2

x 3

U are most welcome, it is my pleasure to care n share just as I had benefitted much from this forum , less those empty vessels noises.

niuyear ( Date: 05-Oct-2009 09:32) Posted:

Thanks richtan for posting faithfully the analysis.

China has been improving its Rail infrastructure network. As for singapore, our MRT network still half completed but in

years to come, there will be more 'lines' added to the existing network. Bythen,I think, SBS buses will be taken out of the route

except some feeder buses to serve some remoute routes. We probably will see more fast speed 'bullet trains' and travelling from

1 end to the other perhaps need only half hour?

x 0

richtan
Supreme

MIDAS / Midas / Posted: 24-Sep-2009 14:27 4Go to Message

x 0

From OCBC Investment Research:

Midas Holdings:

Evaluating listing in HK.

Maintain BUY.

Midas Holdings (Midas) announced today that it is planning a secondary listing of its shares on the Main Board of the Stock Exchange of HongKong.

Midas has appointed Credit Suisse (Hong Kong) to assist the group in evaluating and preparing for this listing.

Mr Patrick Chew, CEO, says that Midas "is now ready to take Midas towards the next development phase and is optimistic that a listing on both the Singapore and HongKong bourses will allow Midas to tap into a wider investor base, increase liquidity and enhance the stock value".

Hong Kong valuations tend to be richer and this could bode well for dual-listed Singapore stocks.

Maintain BUY, fair value of S$1.05.

(Kelly Chia)

x 0

From "Lim & Tan securities":

We remain positive on Midas given its robust
growth prospects, underpinned by its robust order
books of RMB1.4bln as well as the robust prospects
of its 32.5% owned subsidiary company, also
underpinned by solid order books of RMB4.5bln.

And this in turn reflects the government’s active
efforts to support the railcar industry in China to
reduce transportation bottlenecks as well as reduce
transportation costs. Rail transportation is much
cheaper than air travel and is much safer and causes
much less pollution than automotive transportation.

The company will be increasing their production
capacity by 200% in the next 2 years to cope with
the strong order flows. Its PE of 20x remains
undemanding compared to its expected growth rate
of 40-50%.

x 0

Supreme	MIDAS / Midas / Posted: 29-Sep-2009 00:10 4Go to Message
x 0 x 0	PM Wen has last week announced that there will be an accelerated development to double the railway networks of 6 provinces in Central China.

x 0

I had been posting almost everyday the below writeup from OCBC Investment Research:

Midas's firm order book of 1.4 billion yuan (S$296 million), more anticipated contract wins in Sept - Nov 2009... will serve to under-gird valuations"

x 0

Patience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".

I had been posting almost everyday the below writeup from 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 on stream 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 monthsience, faith in the FA n TA does have its virtues n ignore all those daily distracting noises of "BB this n BB tat" n those irritating "1 lotter stupid game while the bull is dozing, all these mice comes out to play while the cat is away, I m sure all these mice will go into hiding tomoro liow".

I had been posting almost everyday the below writeup from 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 on stream 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 your counter again? hee...gd luck! :D

x 0

Below is my long-term 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.

x 1

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.

x 0

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.

x 0

x 1

Hi juyong,

I really cant advise u on whether or not to buy or sell, as it all depends on individual trading strategy (short, mid, long-term, trader or investor, etc) and risk tolerance level.

As I always mentioned, dyodd n BOSAYOR.

I only share my chart analysis n u have to make your own decision n set your stop-loss point.

juyong ( Date: 03-Oct-2009 12:08) Posted:

Hi Richtan

I had previously bought and sold Ausgroup with profits. Now with the pullback, I'm thinking of re-entering. Do you think the last done price is good price to re-enter? I'm worried that with the current broad market weakness, it may drop further. I remember you mentioned that the support is at 0.66, wonder if I should a bit... Your advice will be appreciated. Thank you.

x 2

x 0

Hi Benny n all fellow forumers tat enjoyed reading all my post,

Many thanks for all your support, it is all my pleasure to care and share just as I too had benefited a lot from other forumers tat share substances (not those tat make a lot of empty vessels noises).

Imo (dyodd n BOSAYOR), the uptrend so far is still intact, just some correction, nothing to be unduly worried unless u are palying contra with no money to pick-up.

Read my 4 posting on articles copied from "MarketWatch.com" in the thread u had just created: "Happy Weekend".

Happy weekend reading and relax n enjoy your weekend and not be affected by those empty vessels noises.

bennykusman ( Date: 02-Oct-2009 15:24) Posted:

RIChtan,

actually lots of ppl support u.. coz u put graph in your post..

others: please if you want to comment, give some info/graph so it doestn sound like empty vessels..

keep it up richtan!

richtan ( Date: 02-Oct-2009 14:42) Posted:

Hi Titan888,

U are most welcome, it is my sincere pleasure to care and share with substance and not making those empty vessels noises, though my chart analysis might at times be right or wrong thus, I always mentioned dyodd n BOSAYOR n need to set stop-loss.