| Latest Forum Topics / Midas Last:0.192 -- |
 Post Reply
|
|
Midas
|
|
|
Nostradamus
Supreme |
26-Sep-2006 18:54
|
|
x 0
x 0 Alert Admin |
DBSV has increased its target price to $1.17 as it expects strong growth potential from its new joint venture, China Northeast Light Alloy Co. "This (joint venture) is a positive development for Midas, as it would allow the group to move into high-end aluminium products that cater to the aerospace, aviation, shipbuilding and petrochemical industries," DBSV told clients in a note. The brokerage cited the joint venture's plans to build a 200,000-ton per annum plant to be completed by the second half of 2008. China Northeast Light Alloy has the potential to generate more than RMB600m in earnings per year by 2009, DBSV said. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
12-Sep-2006 14:17
|
|
x 0
x 0 Alert Admin |
It said it will invest RMB300m for a 30% stake in China Northeast Light Alloy Co Ltd (NELA), a joint venture with four Chinese companies as partners, including the Harbin municipal government's State-owned Assets Supervision and Administration Commission (SASAC). The three other partners are Jinchuan Group Ltd, Heilongjiang Province Investment General Corp and Harbin Investment Group Corp Ltd. NELA will have a registered capital of RMB1b, 40% of which will be contributed by SASAC while the other three partners will each have 10% in the joint venture entity. NELA will engage in the manufacture of aluminium, magnesium alloy plates, sheets, strips, foils, tub & pipes, rods & bars, profiles, wires, powders, forging, and downstream processed products, it said. "This new joint venture presents a great opportunity for Midas, as we are able to leverage on the production facilities, market presence and production capabilities of the existing Northeast Light Alloy Co Ltd (operations started in 1956) to further expand our business and enhance our product offerings," Midas CEO Patrick Chew said in a statement. "We are able able to tap into new market segments in China such as aviation and aerospace, communication, petrochemicals and energy," he added. Midas said the joint venture company will have an initial operating period of 50 years from the date of inception. |
| Useful To Me Not Useful To Me | |
|
|
|
|
Gallen
Senior |
03-Apr-2006 11:06
|
|
x 0
x 0 Alert Admin |
Breakout out liao!!!! lai lai, come to my blog http://kelongstocks.blogspot.com |
| Useful To Me Not Useful To Me | |
|
Gallen
Senior |
01-Apr-2006 11:01
|
|
x 0
x 0 Alert Admin |
Extracted from my blog http://kelongstocks.blogspot.com Please help to support my blog, thanks :) [B]Technical Analysis[/B] Midas hit a high of 59.5 cents broke out of a bullish flag formation on 15 Mar 2006 with a strong close to 55 cents on volume expansion (higher than average). Technical target is based on the height of the flagpole (measured from 44.5 cents to 59.5 cents) and measured from the breakout from the bull flag (at 53.5 cents), yielding 68.5 cents. Supports: 56/56.5 cents (recent resistances turned supports), 55 cents (close on breakout of bull flag), 51.5 cents (support established during bullish flag phase) Resistances: 58 cents (current resistance over past 4 trading sessions), 59.5 cents (all-time high) Indicators are quite bullish and confirming current price action with RSI inching up towards overbought zone, Stochastics trending upwards inside overbought zone and MACD holding firmly in positive territory. Volumes are considerably lighter during the past 9 trading sessions since the breakout from the bull flag. ...........continued at my blog |
| Useful To Me Not Useful To Me | |