Post Reply
10401-10420 of 10484
wa....to dip to $1?is it possible?if can a lot of ppl will die....
I am waiting at $1.00, to reach me you have to short down 35 cents.
dont worry..my brigade of SHORTISTs are on standby to short down this further tomorrow :))
this share will dip futher tommorrow.
Refer reuters news.04-09-2007 15:53:34
Singapore Hot Stocks-Midas falls on concern over China venture
SINGAPORE, Sept 4 (Reuters) - Singapore's Straits Times Index <.STI> was up 0.09 percent at 0747 GMT.
Stocks and factors to watch: Shares of Midas Holdings
The China Daily reported on Tuesday that Aluminum Corp of China, or Chinalco, has paid 1.2 billion yuan ($159 million) for a 75 percent stake in Northeast Light Alloy Co Ltd, which Midas was planning to invest in as part of a joint venture.
For details on Chinalco's stake purchase, click on [ID:nPEK305973].
DBS Vickers said in an internal note that the change in Northeast's ownership may impact Midas' proposed joint venture and affect the company's growth if the deal is called off.
Without Northeast as part of Midas' business, DBS Vickers said it would lower its price target for Midas shares to between S$1.84 and S$2.06 due to lower earnings forecast, but still maintain a "buy" call on the stock.
Midas makes train carriage parts in China....
Singapore Hot Stocks-Midas falls on concern over China venture
SINGAPORE, Sept 4 (Reuters) - Singapore's Straits Times Index <.STI> was up 0.09 percent at 0747 GMT.
Stocks and factors to watch: Shares of Midas Holdings
The China Daily reported on Tuesday that Aluminum Corp of China, or Chinalco, has paid 1.2 billion yuan ($159 million) for a 75 percent stake in Northeast Light Alloy Co Ltd, which Midas was planning to invest in as part of a joint venture.
For details on Chinalco's stake purchase, click on [ID:nPEK305973].
DBS Vickers said in an internal note that the change in Northeast's ownership may impact Midas' proposed joint venture and affect the company's growth if the deal is called off.
Without Northeast as part of Midas' business, DBS Vickers said it would lower its price target for Midas shares to between S$1.84 and S$2.06 due to lower earnings forecast, but still maintain a "buy" call on the stock.
Midas makes train carriage parts in China....
price dropping abt 10% - on a calm day today. Is the Chairman arrested or what ??
cheong in the morning past 1.50+ then goes on free fall. What is going on? Thought I read that they won a new contract in BT today?
WOw...Wow...Wow... INDEED WE, FAITHFUL SUPPORTERS OF MIDAS... WILL BENEFIT...FROM THIS GOOD NEW...CHEONG AH!!!
Wow!!! That is indeed a considerable deal!! at RMB2.16BIL, that is about S$400MIL, and MIDAS owns 32.5% of NPRT JV...WOW!!! That will definite increase their bottomline and NAV. GOOD NEWS coupled with todays' good stock market condition after yesterday DOW,,,, MIDAS CHEONG AH!! Last TP is abt $2.30
To all supports of MIDAS, the moment we had been waiting for: NEWS RELEASE - MIDAS' JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT AND CONSORTIUM PARTNERS SECURE RMB2.16 BILLION CONTRACT
NewsRelease-29Aug07.pdf
i want to see whether they are going to sue the publisher. If it's not, it's rather fishy whether the news is from them. So, they can buy cheap? just curious!
There is lots of positive coverage on MIDAS recently...I think it is on rebound...Midas Hldgs; Buy S$1.31; Price Target: S$2.3 : DBS Vickers
aya...0.005cts dividends? might as well get DELONG...similar SHORT-induced burgers..hee..as that give 0.09cts dividends leh......hmm...wonder this MIDAS has further room for SHORTING? hee...
I think at current px, MIDAS is a good buy...esp with good results it will definitely clear some of the overhanging clouds,,,
"Midas reported net profits of S$7.1m for 2Q07, up 58% YoY. It
declared an interim dividend of S$0.005."
Anyway, if midas can grow at the rate that investors desire, even go to $3 is not a problem...Just look at Ezra, who will know it can cross $6 when it was $2?
The both brothers buy in to show confident, if it drops, so what, they are both now at least net worth of S$500 million and above each, I mean individually each not combine!!! Just be careful. Good Luck.
Hi,
just wandering since the pe is high, why is he still buying in and his brother also bought in? Is there something fishy or something brewing.....
Hi, in summary TA chart very bad, PE too high and market sentiment - bad. Believe it is under attack.
Tks Kelvin for the advise,but just curious why is this so,cos so far so good for tis company since the corruption already been cleared?
Based on the price action, it may slip further, possibly sub 1.00. Take care.