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Must email to SGX or CAD to investigate who is controlling this stock behind it.
Cannot be keep selling down and keep winning the contracts....
Billions and Billions we are talking about.
Every time buy high and force to sell down.
That is what I said. Midas is something wrong somewhere.
The mgt should disclose the truth and please do not hide.
Be transparent to retail investors.
CNR - RMB 5.55 up 0.47 = S$1.13
CSR - RMB 4.94 up 0.44 = S$1.01
Base in 1S$ = 4.9RMB
But Midas now 48.5cents.
CNR up 4.5% and CSR up 7.8% today in China, both are in 1 year high.
Q at 0.48 today, hope to collect more, Huah Ah.
Jack_LIAO ( Date: 30-Oct-2013 12:52) Posted:
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Jack_LIAO ( Date: 25-Oct-2013 12:51) Posted:
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CIMB TP : 0.74 Outperform
Accelerating to high speed
China?s aggressive railway expansion plans present a tremendous opportunity for Midas given the company?s 60% market share and strong track record in the industry. We estimatethat Midas can win Rmb2.5bn-3.2bn worth of high-speed rail (HSR) orders by end-2015.
We raise our FY14-15 EPS to 17-19% above consensus the market is likely to follow suit. We believe further HSR contract wins could catalyse the stock. Maintain Outperform, with our target price unchanged at S$0.74, based on 1.29x CY14 P/BV (20% discount to average P/BV during 2010-11).
China?s railway spending
To improve connectivity between provinces and cities across China, the government plans to add 11,200 high-speed train cars (10,400 currently) and extend the high-speed railway to 18,000km by 2015. To achieve this, it has allocated a
Rmb3.3tr budget for railway investments over the current five-year plan period that ends in 2015. In 2011-12, Rmb1.21tr was spent on building railway infrastructure, which leaves a budget of Rmb2.09tr for 2013-15. As the procurement of railway equipment (including train cars) tends to be back-end loaded, there could be an increase in the remaining budget to Rmb2.16tr that the market has yet to factor in. Based on Midas?s 60% market share, we estimate that it could win Rmb2.5bn-3.2bn of HSR orders by end-2015.
Why Midas
Midas has built up several competitive advantages over the years: 1) close relationships with its key customers, CNR Changchun, CNR Tangshan and CSR Bombardier Sifang, 2) having the dies to produce a variety of extrusion profiles, and 3) strong track record of manufacturing quality products. As a result, we believe Midas can maintain its position as a preferred supplier to its key customers, which will help it to retain its leading market share of 60% and win the bulk of the HSR contracts.
Further re-rating likely
Midas is currently trading at 0.9x P/BV (1 s.d. below mean). We believe its discounted valuations are unjustified given the strong order momentum that is likely to come in 4Q13-2015. In the next round of procurement alone, we believe Midas could win Rmb545m of HSR contracts, an upward revision from our previous estimate of Rmb309m. This will provide a further re-rating catalyst for the stock.
https://brokingrfs.cimb.com/4eIqk3xlcDtqsz1QsgN2wx2n6S2cZQF6Wd9Hf703GG9A0M-MyprADfV52KyZaC6ldfSiXjGSOls1.pdf
Do not understand why so many peoples still so no brain to believe it will go up.
So many contracts won if good already shoot up to above 70cents....
Do you think the price will wait for you to scope at such a low price of 49cents....
Crazy.
See ! A lot of buyers keep buying at 49cents
No one sell down in big volumes to 48.5cents
Looking good to me.
Do not think they any how write in the forum !
Wait they will get query from SGX
I trust them to buy and keep under the pillow.
Another liar to make retail investors to buy........I am one of them.....the victims......
KNN BULL_SHIT
wait4opp ( Date: 30-Oct-2013 09:28) Posted:
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+65 6210 8610 FREE end_of_the_skype_highlighting, Jessalynn CHEN
All if not most of all the Private controlled stocks are controlled.
They will shake you till most of retail investors have cut loss or dump then they will pump it up.
They have their sindicate with them. Are you one of them?
Ultimately they need to pump it up because they need to make money also. Right? If everyone is getting negative on this stock then good. Its going up later.
Fundamentally this stock is strong and may be sold to buyer to take over when business is good and price is attractive.
wait4opp ( Date: 30-Oct-2013 07:54) Posted:
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I think only gods can do that.
Human beings can only do it on the hindsight.
akchua ( Date: 29-Oct-2013 23:44) Posted:
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Look like going back to 0.45 support again.
Should have taken profit at 0.515 and re-enter around 0.46 level.
Miscalculation.
Vested.
Wait for you to cry later.
Midas will go up. BB want all to sell off then BB push up.
Ha Ha Ha
wait4opp ( Date: 29-Oct-2013 15:57) Posted:
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No hope liao lar......
If good think you have chance to buy........
Sell sell sell before it is gone.....
maixisuahlai ( Date: 29-Oct-2013 12:29) Posted:
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wait4opp ( Date: 29-Oct-2013 12:16) Posted:
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