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Midas
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kingong
Senior |
20-Jan-2010 16:37
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long term should be fine..they step up their capacity last year in August to meet market demand..they are expecting more orders to flow in..otherwise no company will do such investment. | ||||||||||||||
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kingong
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20-Jan-2010 16:31
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then hw much do you think is a reasonable price to get?just bot 20lots at 1.08..thinking to buy some more
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tonylim
Master |
20-Jan-2010 15:57
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Be patient - it is really a virtue. The downside is 2 cents and upside is 10 cents. Trading at the moment is not advisable. So take your bet.
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kingong
Senior |
20-Jan-2010 12:36
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planning for dual listing. definitely a share worth holding for. it will be too late to buy after the plan becomes real! |
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leolim818
Member |
20-Jan-2010 12:27
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Hi risktaker, what price you think will hit before it dip?
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WLBO_BB
Master |
20-Jan-2010 12:21
Yells: "Warren Look Before Others _ Buffett Best " |
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I always limit myself to 20% profit or lost... but understand Midas is now uptrend... maybe tis time add another 5% la... thanks bro for the advice... cheers :) | ||||||||||||||
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risktaker
Supreme |
20-Jan-2010 12:20
Yells: "Sometimes you think you know, but in fact you dont" |
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Should exit this counter now and buy on dip | ||||||||||||||
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victorf
Master |
20-Jan-2010 12:19
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still call for buy on dip for this counter....technically bullish (Market in pause mode and only selected counters will give you good gain within short period)....good luck :)
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tonylim
Master |
20-Jan-2010 12:09
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Yours may a an old target (unrevised). Take note of its huge potentials.
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WLBO_BB
Master |
20-Jan-2010 12:06
Yells: "Warren Look Before Others _ Buffett Best " |
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reached my TP, dun know should sell now??? | ||||||||||||||
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JJSeng
Senior |
20-Jan-2010 11:00
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Cheong ah..... | ||||||||||||||
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leolim818
Member |
20-Jan-2010 09:56
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Midas Holdings, Buy S$1.07, Bloomberg: MIDAS SP Gathering speed Price Target : 12-Month S$ 1.30 (Prev S$ 1.10) By: Paul YONG CFA +86 21 6888 3372 Capacity expansion on track to meet deliveries Strong order win momentum; >RMB400m YTD with more to follow Dual-listing in HK gives more expansion options Maintain BUY, TP raised to S$1.30. Capacity to hit 50k tonnes per annum by year-end. In an update with management, we believe that Midas’ third production line is on schedule to be installed by 2Q10 and that the fourth and fifth lines should also be up by year-end. With each line having an annual production capacity of 10,000 tonnes per year, this will lift the Group’s capacity to 50,000 tonnes for 2011, an increase of 150% from 2009, to deliver its current order books and to meet future demand. Over RMB400m worth of contracts won in 2010 so far, boosting order book to c. RMB1.6bn. Midas has announced 3 contract wins for its core business thus far in January - 1) 2 metro contracts worth RMB60m and 2) a high-speed contract worth RMB353m - and this has boosted its order book to around c. RMB1.6bn. With China looking to embark on more inter-city railway and metro projects, Midas is expected to win more contracts. Dual-listing in HK likely by mid-year. The Group announced in 2H09 that it was exploring a dual-listing in HK and we believe this is likely to happen by mid-2010. We also believe that any new equity raised is likely to go into expanding its production capacity or capabilities, or perhaps even be used for complementary acquisitions. Target price raised to S$1.30, based on 20x blended FY10/11 earnings, Maintain BUY. With 2009 behind us, we roll over our 20x target multiple to a blend of 2010 and 2011 earnings to derive our new TP of S$1.30 for Midas. HK peers China South Locomotive and CSR Zhuzhou Times Electric are currently trading at around 24x FY10 PER and 20x FY10 PER respectively. |
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dizzifying
Member |
20-Jan-2010 09:37
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Yawn~~~~~not much movement now | ||||||||||||||
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tradersgx
Veteran |
20-Jan-2010 08:46
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Maintaine “buy”; Share-price forecast raised to $1.36 Midas Holdings (MIDAS SP): The supplier of aluminum extrusion profiles used in train carriages had its share-price forecast raised to $1.36 from $1.07 at DMG & Partners Securities Pte, which maintained its “buy” rating. Jan'10 DMG |
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rpires
Member |
19-Jan-2010 14:40
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reason for possible run up 1. dual listing in HK. 2. HK is planning a train system to mainchina. Midas involved? i think some PAP MP is midas directors. can pull string until HK? |
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Bon3260
Supreme |
18-Jan-2010 22:25
Yells: "Ooo Ooo Aaa Aaa!" |
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Sm of my friends r still holding Midas @ ard 0.50+. They put their monies there 4 long term. Compare FD in e bank. They felt dat Midas' better cos got CDs every Qtr. But now they r planning 2 sell all aft Q4 results. & buy back during Mar10 / May10. Of cos, I'm not advised pple 2 do dat. But they said "Diff pple, diff way of earning monies. If can earn / make monies, who care u r using wat way...".
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tonylim
Master |
18-Jan-2010 22:15
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Will keep Midas for mid to long term for organic growth (as an international player in making train cabins) , for its dual listing, for more contracts, and hopefully good dividend one day
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knightbridge
Veteran |
18-Jan-2010 21:30
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Buying midas is not looking at div play.. at this stage... Pathetic div... Investors should be looking for growth.. organic and expansion mode.. Whether will be a big train manufacturer 5 years down the road like some french or US train maker.
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tonylim
Master |
18-Jan-2010 19:33
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Hope it will surge above $1.10 with the announcement of the new contract
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dizzifying
Member |
18-Jan-2010 15:25
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Honestly, I feel like playong contra now. After CNY, I hope to invest:)
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