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Midas
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ozone2002
Supreme |
06-Sep-2010 13:29
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CHIONG AH!!!!! Midas Holdings Buy S$0.90 , Bloomberg: MIDAS SP Green lights all the way Price Target : 12-Month S$ 1.21 By: Paul YONG CFA +86 21 6888 3372 · We visited associate company Nanjing Puzhen (NPRT) and met with management for an update · NPRT buzzing with activity, with order book in excess of RMB6bn and gunning for more · Midas’ core business expansion is on track, with order book > RMB1.4bn underpinning visibility · Maintain BUY, TP S$1.21 (20x FY10/11 PER). NPRT was buzzing with activity when we visited, and was in the midst of production to meet deliveries for several projects. Over the last year, NPRT has won nearly RMB5bn worth of metro projects, with RMB3.9bn of revenue that will accrue to it directly. NPRT currently has an order book of around RMB6bn-7bn, to be delivered over the next few years. Also, NPRT is bidding for more contracts; potential upcoming projects that NPRT could be bidding for include Wuxi, Haerbin, Wuhan and Zhengzhou. Core business expanding to meet growing orders. Meanwhile, Midas’ 3rd aluminium extrusion line has been running since April, with the 4th slated to enter into commercial production in 4Q10 and the 5th by 1Q11 which will raise the Group’s annual production capacity to at least 50,000 tonnes per annum from 20,000 tonnes in 2009. When fully installed, its three downstream fabrication lines could boost annual revenue by another RMB300m-400m. Currently, we estimate Midas’ order book to be around RMB1.4bn-1.5bn, with potential for more orders at end 2010/early 2011 as more rail-related contracts are handed out. BUY, TP S$1.21. Driven by both core earnings and NPRT’s contribution, Midas’ EPS is projected to grow at a CAGR of 27% from FY09-FY12F. We maintain our BUY call on the stock with S$1.21 target price, based on 20x FY10/11 earnings. HK-listed peers are trading at an average of 25x FY10 earnings and 19x FY11 earnings. |
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ozone2002
Supreme |
06-Sep-2010 10:22
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91.5 break out..!!! vested 91.5 for quickie. |
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Bon3260
Supreme |
30-Aug-2010 08:25
Yells: "Ooo Ooo Aaa Aaa!" |
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Dc16888, Smtimes huge vol. doesn't mean BBs hv 跑路. BBs r smart of doing monkey show. I'll buy if Midas falls 0.825. But I dun think pple'll sell me... ('',) |
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dc16888
Senior |
29-Aug-2010 18:48
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its good fundamental, don't know why it's price goes lower day by day? blur liao.
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freeme
Elite |
29-Aug-2010 18:44
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i tink is pure techincal play. their fundamental still good. techincally it might goes down further bc sign of reverse not yet to be seen. Just wait. | ||
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dc16888
Senior |
29-Aug-2010 18:22
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Hi Bon, thks. so if see the big selling vols to determine bb 'run road'? Cheers.
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Bon3260
Supreme |
29-Aug-2010 10:37
Yells: "Ooo Ooo Aaa Aaa!" |
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麦达斯控股 这股票自08年10月28日下试0.25元，并于该周每周一杆图中的“转向”讯号止跌回升，随即以五波走势上升。同年12月9日升至0.595完成第1波，去年3月3日回落至0.33元且于当天以“一日转向”讯号完成第2波。今年元月20日股价升至1.11元为第三波，接着下调至2月8日的0.905元为第4波，因此，估计第5波已于4月14日的1.17元结束，同时也完成A大波。估计目前正处B大波回扯，而5月25日的0.83元或为三波下调的(a)波，过后于6月21日回升至1.01元为(b)波，一旦(c)波穿下0.76元的价位，当有可观的跌幅了。
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chyn_no
Member |
28-Aug-2010 22:46
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go go midas.... !!! ^_^ | ||
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noonelikeme
Senior |
27-Aug-2010 16:26
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Looking at the trade today, his "message" has been well taken into consideration
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niuyear
Supreme |
27-Aug-2010 14:35
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I think they would and should have more stimulus all the way till their Election.
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Tanisha
Member |
27-Aug-2010 14:24
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there was a news that - US likely to inject more stimulus package - US does not likely to move into double dip reession if this is true, more money likely to flood into Asia which would shoot up the markets. This is the bargain market, would be good to jump in now with a longer term perspective. What you guys think? |
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Tanisha
Member |
27-Aug-2010 14:12
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I too disagree for its fall to a level of 76c...lets see...ok to hold for longer term ;) | ||
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noonelikeme
Senior |
27-Aug-2010 12:02
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well ... have been sleeping for a while.. | ||
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Richman
Veteran |
27-Aug-2010 12:00
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 This counter is my favourite S Chips.
Vested heavily. |
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WeiQiQi
Member |
27-Aug-2010 11:58
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the 'report' from yesterday's newspaper is a regular technical reading column, and it is based on LT Wave Theory. As with all technical analysis, everyone can have his own interpretation where the Wave 1, 2, 3, 4 or 5. It is not based on fundamental, therefore contracts or not is immaterial to the analyst. If one buys on FA, then there is no cause for concern when a contradicting TA report surface...:-) |
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noonelikeme
Senior |
27-Aug-2010 11:50
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If Midas is consistently getting contract from China + they are expanding well. I dont see why the "expert" say it will dropped. Unless he can see "Things" which no one can in the future? Or base on the chart (With many black candles) |
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Bon3260
Supreme |
27-Aug-2010 11:34
Yells: "Ooo Ooo Aaa Aaa!" |
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Tanisha & Dc16888, Dat expert said in Newspaper ydae dat "if" Midas has dropped till 0.740 - 0.760. It'll continue drop till 0.600+. My view is now Midas muz hv support @ 0.825. If break, nxt support'll b 0.760. (u can ask Bintang 4 more infos) Whether Midas has bad news or not, we muz c BBs hv 跑路 1st b4 bad news announced... ('',) |
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dc16888
Senior |
27-Aug-2010 09:44
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Hello Bon, would like to seek ur opinion ? can share a bit? thks
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Tanisha
Member |
27-Aug-2010 09:32
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did this guy gave any reason for staged droppings? | ||
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Bon3260
Supreme |
27-Aug-2010 08:47
Yells: "Ooo Ooo Aaa Aaa!" |
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An expert said in Newspaper ydae dat Midas'll hv stages of dropping. Tis expert muz b base on e chart. ('',) |
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