
Midas closed at 1.12.
But seems like the stock went to a low of 1.04 on the chart today.
Hey, if it really went down to 1.04 today, this is very dicey, man!
But seems like the stock went to a low of 1.04 on the chart today.
Hey, if it really went down to 1.04 today, this is very dicey, man!
thanks cashiertan.will hold on to it.
this co got good FA, i guess thou price drop i believe it should go up in long term..
wow very high vol. Bought some at 1.13 now tomp due to marriage deals. Anyone with info on this ctr? Who is buying and who is selling ? What is target price?
Trend uncertain... be cautious for this one
Anyway today U can go $Starbucks relax a bit,
Tomorrow fresh for more action. :)
Tomorrow fresh for more action. :)
That's true. :)
i highlight MAY. it is not confirmed till formed so can expect some resistance at prev high. personally wont enter till prev high is broken with ease..
May be in the process of forming a Double Top. :)
Midas soon be making a move soon.. watch out
Beijing plans to build expand its subway system to 273km by 2010 and to 561km by 2020, to surpass London with the world's longest subway. This will ease the city's worsening traffic gridlock.
As the dominant supplier of aluminium alloy extrusion profiles to major train manufacturers in China, Midas is well positioned to benefit from Beijing's move.
Midas looks overbought and could undergo a little correction before it moves higher.
i think the upward may be limited with 1 thrust upwards before it goes down again. RSI is pointing south.. however, we can never outsmart the insider thus, i keep my finger cross. as for me, i keep out as i think profit is limited..
Hi guys, the Bollinger Bands are opening up and prices are along the upper band. Got a feeling it is going up soon. Anyone care to share opinion?
I was waiting for it to go down since Oct till now, I think it will stay and always stagnat at 0.995 to 1.03. The big timer has already corner out this share. The latest news is from this businessman Gary Gay or someone connected to this former Army officer who turn businessman Tommy Goh - former Omins group which sold away and form a venture funding company for investment. They bought at 0.96 the latest round. FYI.
Looks to be on downtrend.... wait a few days to be clear.
MIDAS THIRD QUARTER NET PROFIT JUMPS 54% TO S$6.6 MILLION
- Proposes interim 3Q cash dividend of 0.50 Singapore cents per share
3QFY06 Financial Highlights:
- Revenue up 73% to S$27 million
Revenue up 73% to S$27 million- Net Profit up 54% to S$6.6 million
Net Profit up 54% to S$6.6 million- EPS up 39% to 0.78 Singapore cents
EPS up 39% to 0.78 Singapore cents- NAV up 60% to 19.28 Singapore cents
NAV up 60% to 19.28 Singapore cents
Rose on talks of institutional buying.
"DBSV has increased its target price to $1.17 as it expects strong growth potential from its new joint venture, China Northeast Light Alloy Co.
"This (joint venture) is a positive development for Midas, as it would allow the group to move into high-end aluminium products that cater to the aerospace, aviation, shipbuilding and petrochemical industries," DBSV told clients in a note. "
There is no doubt that with this joint venture Midas has catapulted herself to become the top 1 or 2 alumininium alloy producer in China. China has high ambitions to be the Detroit of the East and is actively looking into developing herself as an aerospace centre for this part of the World with expertise and jv with the West. There will be more annoucements likely in the near future with regard to these high value manufacturing projects which will boost Midas prospect long into the future. Mida is a stock to be kept for long. as long as China continues developing into a global manufacturing superpower.
2 married trades totalling 20.5m shares at $0.92. Talks was that the placement went to a S'pore based fund manager.
Besides analyst upgrade, Midas is said to be benefiting from falling aluminium prices. China's only alumina producer Chalco, slashed its alumina price by 22%. Alumina is the raw material used to produce aluminium.