Midsouth   

Vehicle parts division

According to my broker, Midsouth ended $0.015 up on market speculation that the company could be privatised at $0.76 a share.

 

Hi Singaporegal,

Thanks anyway. Vested last Thursday @ 75.0. Think may lock-in profits tomorrow before it slips away.

Btw, I have been reading your post for quite some time. I see that those counters that you had predicted will be on downtrend really goes down. Especially, for Genting, made quite a pile from it. Thanks to you for the early warning @ 1.02.

 

Hi synnexo,

From observation, this counter doesn't seem to follow the TA charts that I use. Its probably because of its inconsistent volumes and its penny stock status.

Sorry....

 

singaporegal,

What do you see in this counter?

 

With growing acceptance of FRP material, management expects demand for its products to increase. Its vehicle parts division (FRP and PP) is expected to be a major growth driver in the near future. The growing logistics industry in China and the reduction of road tolls is expected to drive demand for heavy vehicles, leading to an increase in demand for FRP and PP vehicle parts. All buildings in Northern China are required to use energy conserving doors and windows by 2010. this would support the rising demand for FRP doors and windows.