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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:
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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.
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.
Lots of contracts but if weak profits, then will be all for nothing..
anyway, i dont trust analyst from brokerages words at all.. im a new stock player and for this 9 mths that i started playing stocks, i can say like almost all the stocks doesnt meet the buy call tp of the analyst (only ezion is moving uptrend & decent to what analyst tp call).. i thought of few reasons to explain this:
1. They have vested interest in it (eg UOB kayhian has vested interest in Hafary and set a buy tp of 40+cents, if im not wrong)
2. They are not doing a good job in doing detail analysis, only being superficial
3. Market is irrational & they tend to go against what brokerage call, like a wilful child
4. Duration is too short term still & perhaps too early to tell if their buy call sucks
5. Lots of gamblers & speculators in market who tend to go for technicals, and little investors, making fundamental analysis and therefore buy call by analyst obsolete..
Wisely ( Date: 19-Nov-2013 16:19) Posted:
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Davidson ( Date: 19-Nov-2013 18:30) Posted:
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This stupid counter must have holding power! Seem like no big player or R they accumulating at 0.49-0.50! Hopefully I,m right!! Haha when the tortoise train speed up??? 😁 Boring counter😁
midas chngkay purplely closed shop @500 meaning 5+0+0=5 meaning hor lu jit bah, lu bua tor kah, tat lu jit kah..hosei lah
wish me luck just pick up some at 16:31:26. thrown by UBS CP code 47
Honestly, do you believe them? I dont think there's such a good deal in the first place. If there's money to be made why do they need to inform us. I think they Jeep the stock themselves already. These people write so many beautiful words about these companies but do they ever know their real cash flows, revenues and loss? They are just being paid by the banks to do the banks bidding. They dont do it for you or me or the public.
Dabian ( Date: 19-Nov-2013 16:10) Posted:
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In the past, China government announce 4 trillion inject to boost the economy, train was one of the major expenses. That time DMG raise TP 0.75 while share price in market trading at 40-50. Soon break thru and even hit $1.17. After so much improvement or diversion of business, not yet count the high speed train, TP only 0.67? OCBC try to accumulate b4 announce another TP.
WanSiTong ( Date: 19-Nov-2013 13:17) Posted:
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OCBC Securities says?
MIDAS HOLDINGS | BUY | TP: S$0.67
Midas Holdings? 3Q13 results exceeded our expectations, with revenue jumping 48.5% YoY to CNY301.0m, or 15.8% above our forecast
Gross margin of 20.8% (-10.7 ppt YoY) disappointed due to a change in product mix as more aluminium extrusion profile deliveries were made to the lower margin freight wagons, while there was also an increase in per unit production cost
Nevertheless, bottomline reversed from a CNY6.1m net loss in 3Q12 to a PATMI of CNY16.4m and beat our projection of CNY13.3m
This was attributed largely to a share of profit of CNY10.9m from its 32.5%-owned associated company Nanjing SR Puzhen Rail Transport (NPRT) as more train cars were delivered, versus a share of loss of CNY7.0m in 3Q12. For 9M13, revenue and PATMI increased by 20.6% and 145.6% to CNY787.5m and CNY26.4m, respectively
Current order book stands at CNY900m for Midas and CNY8.5b for NPR
Midas recently clinched CNY167.5m of contracts to supply aluminium alloy extrusion profiles for the manufacture of high-speed railway (HSR) train cars on 21 Oct this year
We expect the bulk of this contribution to be booked in 4Q13, with the remainder in 1Q14 due to tight delivery schedules from its customers
Meanwhile, the China Railway Corporation (CRC) recently opened the second round of HSR train car tenders on 7 Nov
This involves a total of 258 train car sets, of which 78 are of 250km/h speed and 180 are of 350km/h speed (higher value)
We believe the potential market size for aluminium alloy extrusion profile suppliers may amount to ~CNY715.5m
Midas could possibly secure ~CNY325-380m of contracts from its customers from this procurement exercise in late Dec or early Jan next year, based on our estimates
We raise our FY13 revenue and PATMI forecast by 11.0% and 27.0%, respectively
While our projection for Midas? FY14 revenue is bumped up by 9.7%, we keep our earnings estimate intact due to a lower gross margin assumption
Rolling forward our valuations to 1.3x FY14F P/B, we increase our fair value estimate marginally from S$0.65 to S$0.67
" The worst is over.... Now there's a second round of tenders for (more) train sets than the first round. We expect the results to be known before mid-December..... For now, we will make as much as possible, and strike while the iron is hot." Mr Chew says. (The Business Times dated Mon, 18 Nov 13)
< < Ex date for 0.25 cents dividend is 28 Nov 13> >
Bigmouth ( Date: 18-Nov-2013 16:12) Posted:
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This stock is slow but once fast, u thought is too fast yet can even faster. Hold longer still worth it. Got extra cash, can buy some more.
Tanhanpeng ( Date: 18-Nov-2013 23:11) Posted:
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Now the buyers & our pockets must strong & healthy to give us Holding Power !
Davidson ( Date: 18-Nov-2013 17:46) Posted:
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Tortoise share strong & healthy. It took long time to crawl up to higher price!
1.02 in what time frame? 6mths 12mths or 24mths?
Hawkeye ( Date: 18-Nov-2013 17:08) Posted:
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1.02
Wisely ( Date: 18-Nov-2013 16:22) Posted:
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mid to long term a strong company. must wait for high speed train contracts with high profit margins and profits to roll in to move back to its 90 cents - $1 range. it's already in the black without high speed train contracts due to its diversification efforts last 2 years, which means if all these high speed train contracts resume it's possible that its profits will be higher than in its previous glory days. this one is fundamental play. don't expect huge multibagger profits in short term like some micro pennies. imho.
Whats the TP you guys are looking at?
Read Businesse Time pg 4 todayissue