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KEVIN SCULLY: Stock Weakness Provides Good Buying Opportunity
... further weakness in Midas shares provides a good buying opportunity especially if they fall below the S$0.50 level.
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So many analysts like this!!!! You believe all Fund Mgrs and analyststs trying to bluff retailers and investers at all time??? Ha....Ha....
MIDAS
S$0.55-MIDS.SI
a significant drop in sales and profit versus last year
due to lower sales, higher operating expenses and
finance costs and higher share of losses from its 32.5%
owned associate company (
Midas warned that full year 2012 is expected to showNanjing Puzhen).
months sales and profit is already down 25% to
Rmb652mln and 92% to Rmb11mln respectively.
The above should not come as a surprise given that 9
associate company has announced several new
contract wins this year and the China government has
restarted investments into the railway sector to revive
GDP growth.
Key point is that both Midas and its 32.5% owned As a result, consensus is expecting 2013 profit to
rebound 10x to Rmb140mln against 2012’s depressed
Rmb14mln.
Maintain BUY.
GorgeousOng ( Date: 23-Feb-2013 06:45) Posted:
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Fund managers (BBs) may have dumped because they do not want to look bad holding onto a poor performer...
jcbull ( Date: 22-Feb-2013 23:52) Posted:
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Pm me my friends who are interested in this baby. Got something to share with you .:))
Sifu is right... It is important to get in at the right price.
Time is money. If one is too hasty to get in, one usually
finds that one will have to waste a lot of time waiting
for it to come back up. Stocks is a very challenging game.
solomonster ( Date: 22-Feb-2013 22:14) Posted:
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Since it is a known fact that 2012 will not be performing, why price gap down? I suspect it could be BBs using the poor 2012 result as cover story to push and collect at lower price. Will see how it goes in the next few trading days.
vsmenon ( Date: 22-Feb-2013 23:02) Posted:
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Human behaviour always like this ! When some one make some vested comments, quickly dumps the stock and when they see the price got support again, start chasing and repenting for not bottom fishing!!!
MIdas had sevreral times said that any of the contracts won in 2012 is not going to make any financial impact immediate and by 2013-14 only profits may come! So longists need not worry. all these contra ppl only every day crying here! Surely MIDAs will surge again on Monday and may go upward to test next resistance of 58- 60 zone. Once this pass, next lap towards 75 cents will start. Just wait and watch.
The recent profit warning is NOT ending up in any Loss. Try to undertstand that!!!
Why sianz? Maybe Caishenye does not want you to lose money and has helped you?
wesely2k ( Date: 22-Feb-2013 21:14) Posted:
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Maybe lucky for you? If it opens -ve on Monday, just afraid it will be another sell down - long black bar...
wesely2k ( Date: 22-Feb-2013 21:14) Posted:
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Can't get it 0.515 today, Sian.................Monday see it cheong!
Midas warned that full year 2012 is expected to show
a significant drop in sales and profit versus last year
due to lower sales, higher operating expenses and
finance costs and higher share of losses from its 32.5%
owned associate company (Nanjing Puzhen).
The above should not come as a surprise given that 9
months sales and profit is already down 25% to
Rmb652mln and 92% to Rmb11mln respectively.
Key point is that both Midas and its 32.5% owned
associate company has announced several new
contract wins this year and the China government has
restarted investments into the railway sector to revive
GDP growth.
As a result, consensus is expecting 2013 profit to
rebound 10x to Rmb140mln against 2012’s depressed
Rmb14mln.
Maintain BUY.
Lim & Tan Securities
We had also constantly highlighted that Midas’ near term financial performance would remain lacklustre in the near term.
Doesn't sound good bud.
A 21.8% drop in revenue has been penciled in.
According to OCBC Investment Research, Midas Holdings has issued a negative profit guidance prior to its upcoming 4Q12 results release, saying that it expects to record a significant drop in its revenue and PATMI for FY12.
Here's more: This is unsurprising as its 9M12 results had already seen a 24.9% and 92.9% plunge in revenue and PATMI, respectively. We are forecasting FY12 revenue of CNY845.6m and PATMI of CNY6.8m, which translates into a decline of 21.8% and 96.4%, respectively. We had also constantly highlighted that Midas’ near term financial performance would remain lacklustre in the near term. Reasons cited for the guidance are higher operating and financial expenses and a share of loss from its associated company, Nanjing SR Puzhen Rail Transport (NPRT). Midas will report its 4Q12 results on 27 Feb 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$0.60 fair value estimate on the stock.
justindary ( Date: 22-Feb-2013 15:44) Posted:
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http://sbr.com.sg/manufacturing/more-news/midas-holdings-warns-loss
Wonder will this affect the price.
hope to add more @ 49
Peter_Pan ( Date: 22-Feb-2013 10:31) Posted:
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In stocks, no matter how many contracts are coming, it is already factored in the present PRICE.
Only contracts that no one knows now will have any effect on future prices...
ongahhuat888 ( Date: 22-Feb-2013 10:22) Posted:
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Time for vested to load more when price is low now. This baby confirm will shoot up in Mar to break 0.60.
0.60 can go holland liao. 
Peter_Pan ( Date: 22-Feb-2013 10:31) Posted:
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problem is now tong buay tiao.....
Profit guidance scare. Trending towards 0.60 with a mid-term target of 0.85.