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3021-3040 of 10484
Really don't know what news can push Midas up. Hopefully Dow close green tonight and can change STI and Midas.
Queued at 0.40 to average down but never get. maybe can get within this week.
I got at 0.405. L&T sold to me.
Ok. Shortlist win. All train and railway related share in HK up 5% and above.
Midas sleep at SGX. SGX can close shop.
Midas sleep at SGX. SGX can close shop.
Zzzzzzz hope tmr can break 
gavinl ( Date: 31-Oct-2012 16:23) Posted:
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Think snail oso move faster. Lol
zhixin ( Date: 31-Oct-2012 15:36) Posted:
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We maintain our BUY rating on Midas Holdings (Midas) and raise our fair value estimate from S$0.435 to S$0.51 in light of the brighter prospects in China’s railway sector.
The latest data on total railway fixed asset investments (FAI) in China exhibited an encouraging 92.7% YoY surge to CNY72.7b for the month of Sep, which we believe highlights the progressive recovery in the sector.
Another positive development came from the China Ministry of Railways’ (MOR) decision to raise its 2012 railway FAI target from CNY610b to CNY630b, having only previously done so in Sep.
Moving forward, we see further re-rating catalysts for Midas when China’s MOR resumes the re-tendering of new high-speed railway passenger train car contracts in the near future and continued traction gains in Midas’ orders win momentum from the urban rail and power industries.
Hence we ascribe a higher valuation peg of 1x FY13F P/B (previously 0.85x) to Midas in light of the brighter prospects in China’s railway sector.
This still represents a significant 61.1% discount to its average forward P/B since its IPO and is also a 29.2% discount to its 3-year average forward P/B.
Our fair value estimate on Midas is correspondingly increased from S$0.435 to S$0.51. Maintain BUY.
The latest data on total railway fixed asset investments (FAI) in China exhibited an encouraging 92.7% YoY surge to CNY72.7b for the month of Sep, which we believe highlights the progressive recovery in the sector.
Another positive development came from the China Ministry of Railways’ (MOR) decision to raise its 2012 railway FAI target from CNY610b to CNY630b, having only previously done so in Sep.
Moving forward, we see further re-rating catalysts for Midas when China’s MOR resumes the re-tendering of new high-speed railway passenger train car contracts in the near future and continued traction gains in Midas’ orders win momentum from the urban rail and power industries.
Hence we ascribe a higher valuation peg of 1x FY13F P/B (previously 0.85x) to Midas in light of the brighter prospects in China’s railway sector.
This still represents a significant 61.1% discount to its average forward P/B since its IPO and is also a 29.2% discount to its 3-year average forward P/B.
Our fair value estimate on Midas is correspondingly increased from S$0.435 to S$0.51. Maintain BUY.
My buy queue is in front. Hope will get soon.
Aiyo....this midas move like snail...
Hmmm,but regardless of the queues , the fact is tat it is still in red, bearish n longists are losing $ leh
Walan, want buy just buy 41cents lah, put a strong queue on 40.5cents for what.
Or BB want to sell down 3000 lots in one transaction to show how bearish is it?
Darn it! I haven't collected enough at 0.405 yet.
Yah, must be very panic now. And the buy queue doubled in quantity from lunchtime till now.
khng2012 ( Date: 31-Oct-2012 14:43) Posted:
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We may see a urgent cover in last 5 minutes at higher bid today.
Just curious how many lots block at 41cents are fake.
T+3 to 5 days are approaching. Who follow shortist to short shall be very panic too now.
Peter_Pan ( Date: 31-Oct-2012 14:41) Posted:
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Looks like BBs hoping to cover their shorts at 0.405.
Interests in this stock continue to increase.
That is why very few retailers want to invest in sg market.
http://www.bloomberg.com/quote/1766:HK
Touch 6 dollar and retreat. Anyway still up 6%. totally up more than 10% in 3 days.
Midas still sleeping? Shortist BBs are you worrying now? Market trend in railway train industry is turning to bullish mood.
BBs scare liao.
buying volume 0.405 increase liau