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Come $0.45 / $0.46 for me to sell....quick... LOL
OCBC
Midas Holdings: Engines just getting warmed up
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
HSR passenger train car contracts in the near future and
continued traction gains in Midas’ orders win momentum
from the urban rail and power industries.
Paper trader, See once Pui once, Pui Pui Pui !!!!
Sgshares ( Date: 16-Oct-2012 11:35) Posted:
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ya...come $0.45 will sell all....LOL
risktaker ( Date: 16-Oct-2012 11:02) Posted:
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Come clear the 0.43...... I will be waiting ......
stockmarketmind ( Date: 16-Oct-2012 11:23) Posted:
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err...
risktaker ( Date: 16-Oct-2012 11:02) Posted:
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Don't make conclusion so early... Wait till 3Q result, no harm to wait since price didn't go down below 41cents so far.
risktaker ( Date: 16-Oct-2012 11:02) Posted:
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We have removed Midas from our China buy list......we foresee limited upside For this counter..... expect counter to be trading within coming weeks 0.32-0.45 Range.... time to take profit...... Good luck.... dont say i didnt warned.......
CHIONG AH!!!!!!!!!
Midas is strong buy today. Don't miss it
saw this summary update
#Midas: NRA Capital examines what will trigger contracts being issued again, and recommend investors to accumulate at $0.40 and below for 2013. Tip next catalyst expected to occur after the Communist Party's 18th Congress Meeting on 8 Nov 2012. At this meeting the rail ministry which used to be run quite independently with military backers is expected to be subsumed under the Ministry of Transport.The second factor is financing for the rail ministry to issue contracts is now in place.
So post the Communist Party's 18th meeting - we could see the rail ministry issuing high speed contracts again. This will be good for Midas and could see its order book swell and also its profits rebound leading to a rebound in its share price.
When will be ready? When nobody shout Midas up, it will be ready. So be quiet and patient.
because it's not ready yet..
dc16888 ( Date: 15-Oct-2012 15:49) Posted:
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y so slow?
dicksonh ( Date: 15-Oct-2012 15:46) Posted:
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Midas is kinda like sleeping...
Those who want to buy Midas has to wait for the right signal to enter otherwise your $$$ will be stuck for sometime and face the small ups and downs...I've longed it 1 month back so already into profit.
A manipulated stock, Without BB pushing or further quarter report with strong profit, It is not going to move up fast.
its ok its slow, im not a short term trader...holding hold till it get new contracts, and rev up
its fine if you a shortist or short term trader, to each his own. gd luck
| stockmarketmind Master | Posted: 12-Oct-2012 11:06 |
 x 0  x 0 | Wow so many Midas fans, the prob is this stock is somewhat slow. |
Wow so many Midas fans, the prob is this stock is somewhat slow.
CHINA RAILWAY 3.660 +0.030 +0.826% 10.27M 37.65M 9.46 1.61%
CHINA RAIL CONS 7.420 +0.060 +0.815% 8.83M 65.38M 9.40 1.66%
thks friend dicksonh
| dicksonh Member | Posted: 12-Oct-2012 10:48 |
| x 0 x 0 | Googled it and found it's from http://sgxreports.blogspot.sg/2012/09/midas-holdings_11.html |