Post Reply
1681-1700 of 10484
Midas has formed a top with indecisive candle signals like doji and spinning tops. Project win does not move it up as earning visibility is low. Earning has to be booked to lower its PE and this will take time. Keep a look out for this stock
PE Ratio is a historical indicator at best and is not the most key info investor look for in a company. Some explanation can be found here
The reason why MIDAS has very high historical PE is because of her significant earning drops in 2012 mainly attributed from the after effect of the 2011 Shanghai train accident. Moving forward why institutional players or any value investors are willing to peg MIDAS at higher target price is their confidence in the company' turnaround stories: the China government's resolution to revamp the past corrupted transport ministry and MIDAS execution ability of new contracts. The key thing is do you believe these growth stories?
Besides, I personally find MIDAS one of the few rare s-chip that has exhibited better corporate governance compared to a lot of listed Singapore companies in SGX.
I'm vested for sure and I will be honest to admit that.
ruggerking, fully agree with you that thread is for discussion and that we have our own school of thought. however, just beware of people with ulterior motives.
wow...after reading cheongsl's below comment:
" And if you observe carefully after I release the warning of the counter, seems like the institute player start to block the counter, by setting large volume at 0.52 to distribute and 0.51 to support, as individual when see this large volume of support will feel comfortable and will have no intension for selling. (that is why I believe the market in short term is more an emotional market), and the institute player are unconfortable for the counter to run, as some people are aware of the counter are over value, thus if the price go up to high, people will start to sell off and they will not be able to distribute........................
it really makes me wonder if he is such an egoistic shortist who really thinks his comments here carry so much weight that they can influence institutional player's course of actions... is he guru wannabe??
btw there are clones spotted in this thread.
Every Thread is for discussion. We each have our school of thoughts and base on our own method, everyone has earned their fair share in stock regardless 15%-30% annually.
If one think differently from others, there is no need to demean others of their ideas.. There is no right or wrong answer, losers or winners.. Only those that have their pocket full when dividends are paid and/or when one can perceived the right time to buy and sell are the real winners.
So why argue about who's right or wrong? Ultimately cheongsl is here to share on his research base on facts and figures. We decide what we plan to do with it. Only children argue and flame in forums. Let's stick to the mature side and beat the market to earn some holiday money.
Good luck
stockseeker ( Date: 23-Mar-2013 13:31) Posted:
|
Yes sifu... It is because I totally agree with your quote that I posted this...
It's sad that you misconstrued it to mean I am posting to you... hence you flared up...
This is the downside side of internet communication...
stockseeker ( Date: 23-Mar-2013 13:31) Posted:
|
Hi blanchard,
Whether is it valid, you should make your own judgement, and not depend on others.
Blanchard ( Date: 23-Mar-2013 12:56) Posted:
|
You got your point too! Thank you! :))
cheongsl ( Date: 23-Mar-2013 15:03) Posted:
|
Hi stockseeker,
What make you say that super group and Osim price is irrational? Their revenue and net income are increasing, and their profit margin are maintain high. The PE is still ok for Osim, for supergroup it is slightly high, but not as high as Midas which is more then 100 times currently.
| Super Group Ltd | 2009 | 2010 | 2011 | 2012 |
| SGD (m) | SGD (m) | SGD (m) | SGD (m) | |
| Total Revenue | 296.3 | 351.8 | 441 | 519.3 |
| Net Income | 40.2 | 58.4 | 61.9 | 79 |
| Profit Margin | 13.57% | 16.60% | 14.04% | 15.21% |
| EPS SGD | 0.15 | |||
| Share price | $3.740 | |||
| PE | 24.93 | |||
| Osim International | 2009 | 2010 | 2011 | 2012 |
| SGD (m) | SGD (m) | SGD (m) | SGD (m) | |
| Total Revenue | 476.8 | 508.7 | 553.7 | 601.7 |
| Net Income | 23.3 | 50.1 | 69.1 | 86.9 |
| Profit Margin | 4.89% | 9.85% | 12.48% | 14.44% |
| EPS SGD | 0.12 | |||
| Share price | $1.905 | |||
| PE | 15.88 |
stockseeker ( Date: 23-Mar-2013 12:55) Posted:
|
No, that is not my conclusion, my conclusion is this is a risky asset, try to avoid if you are not in. As for whether will the BB push up to dump this is hard to say, and I am not the big boys. And it is hard to say whether have the BB already distributed almost all their shares. The share have already go through three cycles of raise since last year Jun. If you read the " 胡 立 阳 " books, you will notice one thing he say, when all news and report are positive it is almost the end of the story, as most people that intend to be in already in, and those not will not be joining.
GorgeousOng ( Date: 23-Mar-2013 11:11) Posted:
|
I believe there are many books outside which are on fundamental or technical, which you can pick up and formulate your own methods of investment or trading. But for those courses outside, I don't really recomment as they are just asking for big money from those that attend, to me their main interest is to earn big bugs from training then trading, in others words it is more economic for them to train then trade, you know what I mean.
GoodMorningSir ( Date: 23-Mar-2013 09:21) Posted:
|
Yes the best platform to clear any doubts is the AGM and hear from the horses mouth directly rather than coming up with own assumptions, calculation and conclusion.
@iPunter. That's what I'm trying to inform / inculcate / communicate to 'ruggerking' - which is my 'Quote' to him....
iPunter ( Date: 23-Mar-2013 13:26) Posted:
|
@stockseeker: [ ... A lot of stocks in the market make little sense... ]
Stock prices are not absolute values in themselves... they are just meaningless numbers...
Thanks to cheongsl for his sharing. Are his concerns about the future performance of Midas totally valid? Hope the management can address them during the AGM next month.
A lot of stocks in the market make little sense.
Take a look at Super Group, OSIM, etc. They have stable but not mega profits, but still prices sky-rocketed to no return.
FNN and APB also made little sense for the staggering prices offered... still these counters were contested to the highest bidder.
What do I make of all these?
Potential and perception is key - and it's only a matter of timing and opportunities when it's unlocked.
Ezion has certainly been unlocked (it was only 80 cents a year ago). And other counters will have their turn.
So, let's not water down other counters too soon - in comparison to those whose so called 'deep value' have been realized.
Here in SG, many swear by SIA shares. But tell that to Warren Buffett, and he's tell you to avoid airline stocks like the plague.
On the other hand, he'll tell you to invest in Railway Transportation Stocks.. and he's been putting his money where his mouth is.
In the year-end of 2010, a bloke told forumers here to dump all their SG shares because he swears that the stock market will dive again... He tells everyone to trade USD currencies b'cos it'll make a comeback. I am very glad I didn't pay penance to those 'advice'. Banana Notes.
ruggerking ( Date: 23-Mar-2013 12:11) Posted:
|
we need to look at things from macro perspective, rather than harping on micro level based on historical data.
What does the revamp of the China Railway Ministry mean for Midas - one of My Stock Picks ?
Monday, 11 March, 2013 1:44 PM
Posted by Kevin Scully
China's new Government under President Xi Jinping has announced a major overhaul of China's railway bureaucracy with the closure of the once powerful but corrupt Railway Ministry. Over the weekend, China announced that it was scrapping its Raiway Ministry and folding its functions into the Transport Ministry. It would also be creating the Railways Corporation of China to run China's railway system. Nobody knows the impact of this change but we can speculate.
Looking carefully at the split - it would appear that the Chinese Government would continue to make macro decisions about China's public sector transport system. I would imagine that the Transport Ministry would endorse the Government's railway roll out plan which has been articulated and set aside monies for the execution of the plan. The Transport Ministry will hopefully be more efficient and re-start the hi-speed railway network program which was frozen since November 2011.
The second more interesting element is that the new Railways Corporation of China will be a commercially driven and bent on making profit and at the same time providing an affordable, safe and efficient public transport system. I am hoping that the new Railways Corporation of China being profit driven needs to quickly roll out trains as and when the tracks and infrastructure are completed.
I am therefore neutral to positive about the revamp of the China Railway Ministry - the main rationale for recommending Midas remains. Firstly, China needs and efficient and extensive railway network system to integrate the development of China. The freezing of hi-speed rail contracts since November 2011 has led to targets being short by 30% to 40%. I was hoping that the new Chinese Government under Xi Jinping would kick start the process. I believe this revamp is the precursor of the roll out of such contracts. Once completed - the new hopefully more streamlined and profit driven Railways Corporation of China will kick start the issue of contracts. There is little downside to Midas as contracts have already been frozen since November 2011 but Midas has in 2013 alone secured through its associate two contracts worth more than RMB1bn.
There is therefore no change in my recommendation on Midas which remains a Stock Pick.
Monday, 11 March, 2013 1:44 PM
Posted by Kevin Scully
China's new Government under President Xi Jinping has announced a major overhaul of China's railway bureaucracy with the closure of the once powerful but corrupt Railway Ministry. Over the weekend, China announced that it was scrapping its Raiway Ministry and folding its functions into the Transport Ministry. It would also be creating the Railways Corporation of China to run China's railway system. Nobody knows the impact of this change but we can speculate.
Looking carefully at the split - it would appear that the Chinese Government would continue to make macro decisions about China's public sector transport system. I would imagine that the Transport Ministry would endorse the Government's railway roll out plan which has been articulated and set aside monies for the execution of the plan. The Transport Ministry will hopefully be more efficient and re-start the hi-speed railway network program which was frozen since November 2011.
The second more interesting element is that the new Railways Corporation of China will be a commercially driven and bent on making profit and at the same time providing an affordable, safe and efficient public transport system. I am hoping that the new Railways Corporation of China being profit driven needs to quickly roll out trains as and when the tracks and infrastructure are completed.
I am therefore neutral to positive about the revamp of the China Railway Ministry - the main rationale for recommending Midas remains. Firstly, China needs and efficient and extensive railway network system to integrate the development of China. The freezing of hi-speed rail contracts since November 2011 has led to targets being short by 30% to 40%. I was hoping that the new Chinese Government under Xi Jinping would kick start the process. I believe this revamp is the precursor of the roll out of such contracts. Once completed - the new hopefully more streamlined and profit driven Railways Corporation of China will kick start the issue of contracts. There is little downside to Midas as contracts have already been frozen since November 2011 but Midas has in 2013 alone secured through its associate two contracts worth more than RMB1bn.
There is therefore no change in my recommendation on Midas which remains a Stock Pick.
I do agree with Cheongsl. I was interested in this counter too recently, however upon calculation, it makes little sense to even consider this counter when they are not even making much profit although their revenue may look healthy. IMHO Cheongsl did a very good job in laying out facts and figures for the public.
Anyway from my point of view, the shareholders are undergoing a pump and dump, for example similar situation to WE holdings.
And always remember analysts are paid to give opinion(good normally) for a company share. Self research on the company along with reading forums and blogs for second opinion such as credible figures that cheongsl had posted will be crucial in individual choices and opinion for that certain counter they are interested in.
@Cheongsl, base on your conclusion, we can buy now and wait for BB to push up the price then sell before they dump. Right?