Post Reply
1501-1520 of 10484
1st quarter won so many contracts worth more than 100B RMB
Wonder can buy tomorrow
UOBKH won the " battle" but hopefully OCBC & DBSV & DMG can win the " war" ... LOL..
Midas management must 加 油 !!!
What happen???Will this go back to $ 1????
UOBKH wins!
Bopanha ( Date: 25-Mar-2013 14:15) Posted:
|
X-date is 14 May which is tomorrow. Will like to see what kind of price action brought about by this ex-div. the dividend is neglible at $8 but if the market really sell it down at xd beyond 0.8cts, this counter is really bearish. For the bull out there, patience should be exercised.
I would not touch this stock unless there is more visibility of earning. Cheong, I remember you were saying that OCBC was distributing this stock and i am not surprised that their price target is liberal with no correlation to the impairment of earning.
Again, thanks for your advice as I am a fan of Midas when it was at around 49cts. Thought of chasing it up until I read your posting here. i think there is just no short cut to share investing. And house call should be the first but not the final reference you should use in evaluating a stock.
Yup, this is the same tone that OCBC have given for last profit guidance also. But take a look at inital OCBC forcast for 2012 Net profit is 6.8million, and 2013 Net Profit is 157million. But when the 2012 result release the Net profit for Midas is 25.8million, they update their forcast for FY 2013 to be 85.4million, a decrease from forcast of 157million to 85.4million, but target price is only reduce from 0.60 to 0.595, there don't seems to be any correlationship with the Net profit and target price.
paul1688 ( Date: 13-May-2013 20:48) Posted:
|
From OCBC 13 May.
Midas Holdings (Midas) has issued a negative profit guidance prior to its upcoming 1Q13 results release, saying that it expects to report an unaudited net loss. This is mainly due to lower revenue and gross profit margin given the change in product mix and weaker utilisation rates, as well as higher operating expenses and finance costs and a share of loss from its associated company, Nanjing SR Puzhen Rail Transport (NPRT). This profit guidance comes as no surprise to us as we had forecasted Midas to record a net loss of CNY3.2m in 1Q13. We still expect Midas to stage a recovery in 2H13, but the strength of this recovery will be dependent on the developments in China’s high-speed railway sector. Midas will report its 1Q13 results on 14 May after trading hours, while an analyst conference call has been scheduled the day after. We will provide more updates then. For now, we have a BUY rating and S$0.595 fair value estimate on the stock. (Wong Teck Ching Andy
Midas Holdings (Midas) has issued a negative profit guidance prior to its upcoming 1Q13 results release, saying that it expects to report an unaudited net loss. This is mainly due to lower revenue and gross profit margin given the change in product mix and weaker utilisation rates, as well as higher operating expenses and finance costs and a share of loss from its associated company, Nanjing SR Puzhen Rail Transport (NPRT). This profit guidance comes as no surprise to us as we had forecasted Midas to record a net loss of CNY3.2m in 1Q13. We still expect Midas to stage a recovery in 2H13, but the strength of this recovery will be dependent on the developments in China’s high-speed railway sector. Midas will report its 1Q13 results on 14 May after trading hours, while an analyst conference call has been scheduled the day after. We will provide more updates then. For now, we have a BUY rating and S$0.595 fair value estimate on the stock. (Wong Teck Ching Andy
Last Friday shortest is 97,000, today is 1,411,000.
cheongsl ( Date: 13-May-2013 18:49) Posted:
|
may b heading to 45 cents then 42 cents.
got sell means got buy. lol... mid cap is playing this week .... muahhaha. we shall see tmr =)
cheongsl ( Date: 13-May-2013 18:49) Posted:
|
The profit guidance have attract even the frog master, that is why today volume so high.
Tomique ( Date: 13-May-2013 15:56) Posted:
|
Don't forget that several contracts are won after Q1-2013, and blindly sell off a soon to be gem of a company. Wahahaha!!.
Chew your money? Hahaha. Chew lottery numbers.. wait patiently for the 4-D to open, that is " chew jee" . Wahahaha.
ynnek1267 ( Date: 13-May-2013 14:12) Posted:
|
Chew Brother??? Enjoying their money lah. Famous in succkkkiing money. Wahahahaha!!!!!
infancybird ( Date: 13-May-2013 13:42) Posted:
|
The Chew brothers suffer from fenghui misfortune( raffles education & Midas). Both brother`s companies suffers quite bad drop of profit and losses last 2 years. Don`t know when the fortune will reverse??
Aberdeen123 ( Date: 13-May-2013 12:42) Posted:
|
A sinking ship.Outlook is poor and company has issued a negative profit guidance prior to its upcoming 1Q13 results release tmor, saying that it expects to report an unaudited net loss.
For shortist is an opportunity.
Looks like a falling knife.. ...
May drift lower after results are out tomorrow.
N.V. for now. Will consider buying at 0.40.
48 cents seem to be the support for Midas.
Remembered Midas will be having more orders from the Johore-Singapore Link and the future is going to be good.
The forward looking statement on next profit/loss reporting is just a guide, and not going to destroy the company, thus can still contemplate to collect some for the good times ahead.
Huatahearnmoney ( Date: 13-May-2013 10:16) Posted:
|
Doubt so... It is stable here. collecting @ 0.48
Tmr report out. we shall see. lol always liddat.
Tmr report out. we shall see. lol always liddat.
Tomique ( Date: 13-May-2013 10:01) Posted:
|
Could go below 40 cents, I think. It came up from there. Hope not.
cheongsl ( Date: 11-May-2013 03:59) Posted:
|