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" Veteran"
You Are Very Good ! Right Comment ! Good Supporter !
No Confident Supporter Just Get Out As We can Buyer Over At 0.500 !
wait4opp ( Date: 20-Nov-2013 12:39) Posted:
Metal Trader: We are parking at 50cents, u think DOWNTREND is true, please sell it to us at 50cents.
Else SHUT UP and F O.
MetalTrader ( Date: 20-Nov-2013 00:05) Posted:
Be Prepared to Face The Truth, Downtrend remains imminent!
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Contracts won again......
Great job! Cheers!
danger ( Date: 20-Nov-2013 14:10) Posted:
| did i just heard on the news about china winning the contract for thailand's multi billion bullet train projects ? |
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did i just heard on the news about china winning the contract for thailand's multi billion bullet train projects ?
IF jump sure not by BBs, BBs do not want to help Metal Trader to make money as he might want to
QI CAKE the BBs to buy up as he might be keeping a lot on hand wanted to unload on high.
That is why till now BBs do not want the price to go up........
BBs are testing retail investors holding power.......
Buy and hold long long.
Wisely ( Date: 20-Nov-2013 13:11) Posted:
| I think this stock going to jump anytime soon. I see heavy accumulation @.50. But please DYODD. I maybe wrong..... |
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I think this stock going to jump anytime soon. I see heavy accumulation @.50. But please DYODD. I maybe wrong.....
Metal Trader: We are parking at 50cents, u think DOWNTREND is true, please sell it to us at 50cents.
Else SHUT UP and F O.
MetalTrader ( Date: 20-Nov-2013 00:05) Posted:
Be Prepared to Face The Truth, Downtrend remains imminent!
Wisely ( Date: 20-Nov-2013 00:03) Posted:
I dun think you can compare the IPO price then vs now. Not shooting you down or anything, no offense.
eg.
Last time chicken rice sold for $2.00 why buy at $3.00 now. How about this $1 then vs a $1 now do you think there's a difference?
Anyway, is it worth $0.50 or not this i dare not comment, some people do some people don't so let them decide and DYODD |
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Recommendation
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Current |
1 week ago |
1 month ago |
2 months ago |
3 months ago |
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| Buy |
3 |
3 |
3 |
3 |
3 |
| Outperform |
2 |
2 |
2 |
2 |
2 |
| Hold |
0 |
0 |
1 |
1 |
1 |
| UnderPerform |
1 |
0 |
0 |
0 |
0 |
| Sell |
0 |
0 |
0 |
0 |
0 |
| No Recommendation |
0 |
0 |
0 |
0 |
0 |
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| Total Recommendation |
6 |
5 |
6 |
6 |
6 |
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| Consensus Target Price |
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|
| Consensus Recommendation |
Buy |
Outperform |
Outperform |
Outperform |
Good stock.
Midas Holdings: DMG BUY (TP: SGD0.75)
A Strong 3Q13
Midas? 3Q13 PATAMI was at CNY16.4m vs a CNY6.1m loss a year ago. This was boosted by its associate NPRT booking CNY10.9m in earnings (vs a CNY7.0m loss in 3Q12). Operating profit was lower y-o-y, dragged down by lower gross margins and higher operating costs. Nonetheless, the company remains in a good position to secure more orders over the next few quarters.
Maintain BUY with a TP of SGD0.75.
CIMB TP : 0.74 outperform
Midas look very positive!! Sooner or later u will see this share soar!!! 😊
For Midas, we see more contracts coming + new capabilities build-up + diversifying product offerings.....
Midas Holdings - Looking better .................Swee Swee !
Midas?s 3Q13 net profit topped our expectations by a mile on the back of robust sales and the strong contribution from Midas?s associate, NPRT. Things are also looking brighter for its balance sheet, with inventory days and receivable days falling to one-year lows.
Midas?s 9M13 net profit was above our expectation, at 80% of our FY13 forecast. We raise FY13 EPS by 45% as we expect stronger earnings growth in 4Q13 from the recognition of new HSR contracts. However, we cut FY14-15 EPS by 4-6% for higher finance costs. Maintain Outperform and target price of $0.74, based on 1.29x CY14 P/BV (20% discount to average P/BV during 2010-11). New HSR contract wins is the key catalyst.
3Q highlights
Midas?s 3Q revenue grew 6.0% qoq, while net profit increased 12.4% qoq. Gross margin compressed to 20.8% (2Q: 22.5%) due to: 1) the lower-margin products taken on to increase capacity utilisation, and 2) the rise in per unit production cost. However, 3Q net margin rose to 5.5% (2Q: 5.2%) due to the strong Rmb10.9m associates? contribution from NPRT. We believe margins will trend up in 4Q when Midas recognises its first HSR contract since FY11. Net gearing rose to 47.2% in 3Q (2Q: 40.2%) as Midas took on longterm debt to fund working capital and capex for the new cold rolling plant.
Worst is over
Midas?s inventory days and receivable days improved for the second consecutive quarter in 3Q, falling to 209 and 376 days, respectively. Trade receivables fell by Rmb23.9m qoq ? the first fall in seven quarters ? suggesting that Midas is receiving payments withheld for old contracts. We believe the worst is over, and Midas is on track to achieve its inventory days target of 120-150 days.
Technical Analysis
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New contracts in 1Q14
The China Railway Corporation (CRC) recently announced open tenders for 258 high-speed train sets (78 sets for 250km/h, 180 sets for 350km/h). This is below our initial expectation of 314 train sets but we believe that the remaining 56 sets will be granted via a closed tender to either CSR or CNR. We estimate that Midas will win Rmb545m of HSR orders in this procurement round, based on its historical record of 90% CNR order wins (Figure 8). The orders are likely to materialise in 1Q14.
(Read Report)
How can just compare IPO price. Without earning from high speed train already turn around. What does it mean? It has build their base and ready to launch. With high speed train just a bonus but big bonus to Midas. Don't expect share price flying high to no where but down risk is very low compare to up. Although going up is slow but it is pretty safe.
MetalTrader ( Date: 20-Nov-2013 00:05) Posted:
Be Prepared to Face The Truth, Downtrend remains imminent!
Wisely ( Date: 20-Nov-2013 00:03) Posted:
I dun think you can compare the IPO price then vs now. Not shooting you down or anything, no offense.
eg.
Last time chicken rice sold for $2.00 why buy at $3.00 now. How about this $1 then vs a $1 now do you think there's a difference?
Anyway, is it worth $0.50 or not this i dare not comment, some people do some people don't so let them decide and DYODD |
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You Are Dreaming !
Don't Compare Pass Few Year Price With The Present Awarded Billion Contracts & Profitable Result !
If With All These Good Factors Still Can Go Downtrend Than Somebody Must Do Something To Answer To The Public That What Is Happening To The Company Or Directors !
Don't Play Play With SGX ! Don't Ask For Free Coffee ! Will See How It Go !
MetalTrader ( Date: 20-Nov-2013 00:05) Posted:
Be Prepared to Face The Truth, Downtrend remains imminent!
Wisely ( Date: 20-Nov-2013 00:03) Posted:
I dun think you can compare the IPO price then vs now. Not shooting you down or anything, no offense.
eg.
Last time chicken rice sold for $2.00 why buy at $3.00 now. How about this $1 then vs a $1 now do you think there's a difference?
Anyway, is it worth $0.50 or not this i dare not comment, some people do some people don't so let them decide and DYODD |
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Be Prepared to Face The Truth,
Downtrend remains imminent!
Wisely ( Date: 20-Nov-2013 00:03) Posted:
I dun think you can compare the IPO price then vs now. Not shooting you down or anything, no offense.
eg.
Last time chicken rice sold for $2.00 why buy at $3.00 now. How about this $1 then vs a $1 now do you think there's a difference?
Anyway, is it worth $0.50 or not this i dare not comment, some people do some people don't so let them decide and DYODD.
MetalTrader ( Date: 19-Nov-2013 23:53) Posted:
Do you think overvalued stock by IPO (0.115), NEARLY 5 TIMES is worth to buy?
NO!
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I dun think you can compare the IPO price then vs now. Not shooting you down or anything, no offense.
eg.
Last time chicken rice sold for $2.00 why buy at $3.00 now. How about this $1 then vs a $1 now do you think there's a difference?
Anyway, is it worth $0.50 or not this i dare not comment, some people do some people don't so let them decide and DYODD.
MetalTrader ( Date: 19-Nov-2013 23:53) Posted:
Do you think overvalued stock by IPO (0.115), NEARLY 5 TIMES is worth to buy?
NO!
tonylim ( Date: 19-Nov-2013 22:23) Posted:
| It is MetalTrader's frustration that he had not bought it when low. Now he is dreaming for it to drop further so that he can buy. Dream on |
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Do you think overvalued stock by IPO (0.115),
NEARLY 5 TIMES is worth to buy?
NO!tonylim ( Date: 19-Nov-2013 22:23) Posted:
It is MetalTrader's frustration that he had not bought it when low. Now he is dreaming for it to drop further so that he can buy. Dream on.
MetalTrader ( Date: 19-Nov-2013 21:44) Posted:
Midas of $0.50 is an over-priced stock.
It run up from $0.35 to $0.50 from Dec'12 to current being stalled at $0.50 is not sustainable. Its IPO only valued at $0.115.
Given the speculators pushed to the limit of $0.50, downtrend is to be expected.
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http://bizdaily.com.sg/newsite/stock-picks-728/
China Railway Corporation (CRC) recently opened the second round of HSR train car tenders on 7 Nov. So result should be out very soon. Just vested this afternoon.
Wah piang eh. Every stock, he will have his pessimistic view. Give us a break can.
MetalTrader ( Date: 19-Nov-2013 21:44) Posted:
Midas of $0.50 is an over-priced stock.
It run up from $0.35 to $0.50 from Dec'12 to current being stalled at $0.50 is not sustainable. Its IPO only valued at $0.115.
Given the speculators pushed to the limit of $0.50, downtrend is to be expected.
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