| Latest Forum Topics / Midas Last:0.192 -- |
 Post Reply
|
|
Midas
|
|||||
|
New123
Elite |
23-Feb-2011 14:05
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
SweePrincess
Member |
23-Feb-2011 13:30
|
||||
|
x 0
x 0 Alert Admin |
Not sure if this good news will over shadow the bad sentiment on the investigaton bit? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
lucky168
Veteran |
23-Feb-2011 13:25
|
||||
|
x 0
x 0 Alert Admin |
something very wrong with midas, as it announced more contracts but price kept diving better to keep clear of this one... raffles edu in the making? |
||||
| Useful To Me Not Useful To Me | |||||
|
knightrider
Elite |
23-Feb-2011 13:21
|
||||
|
x 0
x 0 Alert Admin |
NEWS RELEASE MIDAS AWARDED TWO INTERNATIONAL CONTRACTS IN NEW GEOGRAPHICAL MARKETS - Makes foray into Malaysia’s railway market with a RMB71.0 million contract to supply 228 train cars for the Malaysia Intercity Urban Rail Project - Wins RMB12.5 million contract to supply 32 train cars for the Izmir Light Rail Transit Project in Turkey Singapore & Hong Kong, February 23, 2011 - Midas Holdings Limited (麦 达 斯 控 股 有 限 公 司 ) (“Midas” or the “Company”, together with its subsidiaries, the “Group” SGXST stock code: 5EN SEHK stock code: 1021) announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (吉 林 麦 达 斯 铝 业 有 限 公 司 ) (“Jilin Midas”) has clinched two new international contracts worth an aggregate sum of RMB83.5 million to supply aluminium alloy extrusion profiles, including certain fabricated parts, for the Malaysia Intercity Urban Rail Project and the Izmir Light Rail Transit (“LRT”) Project in Turkey respectively. Both contracts were awarded by CSR Zhuzhou Electric Locomotive Co., Ltd (南 车 株 洲 电 力 机 车 有 限 公 司 ) (“CSR Zhuzhou”) to Midas, marking the Company’s foray into the Malaysian market with a contract valued at RMB71.0 million. The Malaysia Intercity Urban Rail Project will see Midas supplying aluminium alloy extrusion profiles, including certain fabricated parts, for 38 train sets (1 train set = 6 train cars), or an equivalent of 228 train cars. Delivery is expected to take place between 2011 and 2012.Page 2 of 3 The second contract awarded is for the Izmir LRT Project in Turkey. Under the terms of the contract, Midas will supply aluminium alloy extrusion profiles, including certain fabricated parts, for 8 train sets (1 train set = 4 train cars), or 32 train cars, for a value of RMB12.5 million. This contract will be fulfilled this year, 2011. Said Mr. Patrick Chew (周 华 光 ), CEO of Midas, on the Company’s new contract wins, “We are delighted to have secured our maiden contracts in Malaysia and Turkey, with the support of our customer CSR Zhuzhou. This is yet another affirmation of our strong working relationship and quality products and services, in particular for our downstream fabrication business. “We will continue to build on our strong track record to explore opportunities to further grow Midas’ export orders, which will complement our market leading position in the PRC market.” Both contracts are expected to have a positive impact on the Group’s financial results for the financial years ending December 31, 2011 to 2012.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Jimmytai
Member |
23-Feb-2011 12:56
|
||||
|
x 0
x 0 Alert Admin |
NEWS RELEASE MIDAS AWARDED TWO INTERNATIONAL CONTRACTS IN NEW GEOGRAPHICAL MARKETS - Makes foray into Malaysia’s railway market with a RMB71.0 million contract to supply 228 train cars for the Malaysia Intercity Urban Rail Project - Wins RMB12.5 million contract to supply 32 train cars for the Izmir Light Rail Transit Project in Turkey |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
genting^2
Veteran |
23-Feb-2011 11:36
|
||||
|
x 0
x 0 Alert Admin |
It will continue to plunge until 70 cents. |
||||
| Useful To Me Not Useful To Me | |||||
|
New123
Elite |
23-Feb-2011 11:36
|
||||
|
x 0
x 0 Alert Admin |
HSI and China index is truing green now. I think the mkt may rebounce a little ... | ||||
| Useful To Me Not Useful To Me | |||||
|
knightrider
Elite |
23-Feb-2011 11:32
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
genting^2
Veteran |
23-Feb-2011 11:29
|
||||
|
x 0
x 0 Alert Admin |
Waiting for it to be shorted to below 72 cents. | ||||
| Useful To Me Not Useful To Me | |||||
|
Jimmytai
Member |
23-Feb-2011 11:26
|
||||
|
x 0
x 0 Alert Admin |
thanks for all the advice!... a while ago i bought in for sunvic and sold cos of korean war scare..this time i picked midas cos of their potential and ablity to not only gain from china but from the world as well. the only this i am really hoping will not happen is that the investigation of the case in china gets midas involved. that would see the stock get suspended and what not. i was thinking about averaging out again..but my remiser advice me not too..so i see how..maybe when the recover run is back..i might buy to keep or when the stock bottom out..i buy more..in the mean time..save more for buy in again! |
||||
| Useful To Me Not Useful To Me | |||||
|
knightbridge
Veteran |
23-Feb-2011 11:15
|
||||
|
x 0
x 0 Alert Admin |
Vested in midas at 28cent 35cent 50cents 73cents 89cents 1.10 cents. If you are a long term investors, i believe one should start to buy again.. At $1.00 u accumulate if see stock drop 30% why dun buy some more.. Unless they stop the production due to unrest in middle east, or china gov ask them to stop the production.. I believe they are still generating revenue as we speak.. Osim at $0.05 alot people screaming not to buy and selll out (do not touch) Osim at $1.60 analyst writing buy call, people start buying Osim sudden drop $0.30 due to middle east crisis, people say stop accumulating see a wait will drop further (What rational is this, fear perhaps i guess) Different people got different gut level.. (Not everyone can make good money in stock, it take guts and alot of good foresight) Dont run with the herd, stay focus and wait for bargain.. Buy at a price u think it is fair, got to ask yourself what is fair value and buy according to what u think is cheap ( Only in crisis, there is good money to be made whether short or long term accumulations of stock |
||||
| Useful To Me Not Useful To Me | |||||
|
knightrider
Elite |
23-Feb-2011 11:14
|
||||
|
x 0
x 0 Alert Admin |
S$0.74 coming ! Rebound lai liao !!! | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Bintang
Elite |
23-Feb-2011 11:12
|
||||
|
x 0
x 0 Alert Admin |
If there is no rebound in the near term , then breaking 72 cents would see it goes down to 67 cents which becomes the strong support now .
|
||||
| Useful To Me Not Useful To Me | |||||
|
New123
Elite |
23-Feb-2011 11:08
|
||||
|
x 0
x 0 Alert Admin |
Since you have already paid up i would think is better to hold. If you cut loss now isn't it quite a lot to bear.When you hold there is a chance that you may recover. Result is coming out on this Fri.There may be some dividend to collect and also clarification to be announced... Have faith in the stock + it is close to it stock value of about 70 cents per unit ( 45% cash + Assets).
|
||||
| Useful To Me Not Useful To Me | |||||
|
hotokee
Veteran |
23-Feb-2011 11:07
|
||||
|
x 0
x 0 Alert Admin |
If you are not holding many and you have some extra cash that you don't really need in the foreseeable near future, than buying a few lots can average down your costs. Note that this averaging down is conditional upon your risk aversion.
|
||||
| Useful To Me Not Useful To Me | |||||
|
dcang84
Veteran |
23-Feb-2011 11:04
|
||||
|
x 0
x 0 Alert Admin |
better to stay away from this counter until the dust settles. risks far outweigh any potential rewards. | ||||
| Useful To Me Not Useful To Me | |||||
|
Alligator
Veteran |
23-Feb-2011 11:03
Yells: "learning from past " |
||||
|
x 0
x 0 Alert Admin |
hope you are not holding too much. 72/97 is -25% already. may be this is a good learning lesson on stock market. sometime ago, some stocks can become -50% in one day, -70% in one day, or even -100% ( when it is Halt , follow by Suspense for years). take a deep breath, go back to rethink your method of investing/trading, must learn something and get better procedure next time around
|
||||
| Useful To Me Not Useful To Me | |||||
|
Jimmytai
Member |
23-Feb-2011 10:57
|
||||
|
x 0
x 0 Alert Admin |
hello! i am a member in this forum! i went in for midas at 97 and now its 7plus...saddness.... just wanna know should i hold or sell it? really heart super pain... |
||||
| Useful To Me Not Useful To Me | |||||
|
goldenpiggy
Senior |
23-Feb-2011 10:47
|
||||
|
x 0
x 0 Alert Admin |
seems to be holding out pretty well now at .72....
|
||||
| Useful To Me Not Useful To Me | |||||
|
Isolator
Supreme |
23-Feb-2011 09:44
Yells: "STI is hard landing to below 2000..." |
||||
|
x 0
x 0 Alert Admin |
Don't go against it... Can try to buy at around 68ct... | ||||
| Useful To Me Not Useful To Me | |||||