Midas    Last:0.192   -

Midas

I never use CMC before thus I cannot comment on this.

Kindly let me know the pros and cons if you are using it. 

Sgshares      ( Date: 16-Aug-2011 17:26) Posted: CMC or DMA better? xing78      ( Date: 16-Aug-2011 17:16) Posted: I want to accumulate some bullets for tonight's use. Anyway I buy back 40 lots just before the close @ 0.405 thru' CFD DMA trading. This order is not reflected in the buy up / sell down window.  :p

 

CMC or DMA better?

xing78      ( Date: 16-Aug-2011 17:16) Posted: I want to accumulate some bullets for tonight's use. Anyway I buy back 40 lots just before the close @ 0.405 thru' CFD DMA trading. This order is not reflected in the buy up / sell down window.  :p

 

I want to accumulate some bullets for tonight's use.

Anyway I buy back 40 lots just before the close @ 0.405 thru' CFD DMA trading.

This order is not reflected in the buy up / sell down window. 

:p 

 

why did you cover so soon?

xing78      ( Date: 16-Aug-2011 17:05) Posted: I managed to cover my shorts @ 0.405 before closing. Short entry made @ 0.410

 

I managed to cover my shorts @ 0.405 before closing. Short entry made @ 0.410 

 

Big Lots transacted IN and OUT on this counter @41

Small lots done at 0.405

Tug-of-war started all over again

 

$0.41 hold tight, dun drop some more. very pain now.

 

Cut my long trade at 0.410 (break-even) and double shorted at 0.410.

Europe markets seems to be reversing rapidly.

Stay cautious. 

New123      ( Date: 16-Aug-2011 13:38) Posted: Current low price is a golden opportunity to accumulate. A hugh potential upside of more than 65% to reach 72 cents.. This low dicounted price is a steal (kind of oversold and overacted by mkt panic action).The business is not really related to the high speed train incident and the corruption case. Soon it will move up the value-added chain.. EdwardLiu      ( Date: 16-Aug-2011 12:44) Posted: This is no good news. 16-08-2011 11:40:50 RESEARCH ALERT-DBS cuts Midas target to S$0.72 vs S$1.05 SINGAPORE, Aug 16 (Reuters) - DBS Vickers has cut its target price for Singapore-listed Midas Holdings , which manufactures aluminium components for trains, to S$0.72 from S$1.05. It maintained its buy rating. STATEMENT: DBS has cut its 2011 and 2012 earnings per share forecasts for Midas by 5 percent and 9 percent respectively, after the firm reported second-quarter earnings that were below expectations. " However, Midas should continue to win more metro and export orders to help cushion the lower orders from the high-speed rail segment, which would lower, but not derail, Midas' growth," said DBS in a report. The brokerage also said it has lowered its assumptions for Midas' order wins by about 15-20 percent for this year and in 2012 in view of China's decision to temporarily suspend the examination and approval for new high-speed rail projects. At 0315 GMT, shares of Midas were 2.4 percent higher at S$0.425, and have fallen about 54.5 percent since the start of the year.

 

Current low price is a golden opportunity to accumulate. A hugh potential upside of more than 65% to reach 72 cents.. This low dicounted price is a steal (kind of oversold and overacted by mkt panic action).The business is not really related to the high speed train incident and the corruption case. Soon it will move up the value-added chain..

EdwardLiu      ( Date: 16-Aug-2011 12:44) Posted: This is no good news. 16-08-2011 11:40:50 RESEARCH ALERT-DBS cuts Midas target to S$0.72 vs S$1.05 SINGAPORE, Aug 16 (Reuters) - DBS Vickers has cut its target price for Singapore-listed Midas Holdings , which manufactures aluminium components for trains, to S$0.72 from S$1.05. It maintained its buy rating. STATEMENT: DBS has cut its 2011 and 2012 earnings per share forecasts for Midas by 5 percent and 9 percent respectively, after the firm reported second-quarter earnings that were below expectations. " However, Midas should continue to win more metro and export orders to help cushion the lower orders from the high-speed rail segment, which would lower, but not derail, Midas' growth," said DBS in a report. The brokerage also said it has lowered its assumptions for Midas' order wins by about 15-20 percent for this year and in 2012 in view of China's decision to temporarily suspend the examination and approval for new high-speed rail projects. At 0315 GMT, shares of Midas were 2.4 percent higher at S$0.425, and have fallen about 54.5 percent since the start of the year.

 

This is no good news.

16-08-2011 11:40:50
RESEARCH ALERT-DBS cuts Midas target to S$0.72 vs S$1.05

SINGAPORE, Aug 16 (Reuters) - DBS Vickers has cut its target price for Singapore-listed Midas Holdings , which manufactures aluminium components for trains, to S$0.72 from S$1.05. It maintained its buy rating.

STATEMENT: DBS has cut its 2011 and 2012 earnings per share forecasts for Midas by 5 percent and 9 percent respectively, after the firm reported second-quarter earnings that were below expectations.

" However, Midas should continue to win more metro and export orders to help cushion the lower orders from the high-speed rail segment, which would lower, but not derail, Midas' growth," said DBS in a report.

The brokerage also said it has lowered its assumptions for Midas' order wins by about 15-20 percent for this year and in 2012 in view of China's decision to temporarily suspend the examination and approval for new high-speed rail projects.

At 0315 GMT, shares of Midas were 2.4 percent higher at S$0.425, and have fallen about 54.5 percent since the start of the year.

 

 

Joe has alot of funny pictures..hahahaha..KEEP IT UP!

 

New123      ( Date: 16-Aug-2011 11:29) Posted: I think so too! Anyway  I think is a good  price to accumulate now at 42.5 cent  (9x PE). CEO and directors just picked up a total of 1m shares at 41.5 cents yesterday. Also CEO has picked up shares earlier at 62 cents (500 lots- 16 June 2011). So is a clear indication that the directors has great confidences about the company going fowards. Remember recently just announced 2 big contract won - 3.13B & 0.95 B. xing78      ( Date: 16-Aug-2011 11:12) Posted: This counter should be moving up to gap window (0.485) / gap fill (0.525) area once 43 cents is cleared in my opinion. On the downside, 40 cents is acting as a good support for now.  Good Luck :p

 

I think so too! Anyway  I think is a good  price to accumulate now at 42.5 cent  (9x PE). CEO and directors just picked up a total of 1m shares at 41.5 cents yesterday. Also CEO has picked up shares earlier at 62 cents (500 lots- 16 June 2011). So is a clear indication that the directors has great confidences about the company going fowards. Remember recently just announced 2 big contract won - 3.13B & 0.95 B.

xing78      ( Date: 16-Aug-2011 11:12) Posted: This counter should be moving up to gap window (0.485) / gap fill (0.525) area once 43 cents is cleared in my opinion. On the downside, 40 cents is acting as a good support for now.  Good Luck :p

 

This counter should be moving up to gap window (0.485) / gap fill (0.525) area once 43 cents is cleared in my opinion.

On the downside, 40 cents is acting as a good support for now. 

Good Luck :p 

 

Coming soon.

 

haha....CEO bought shares oso cant give this burger any headup...looks like ONI when God Of Stock buy this shares then it will cheong! no plunge is good liao rite? haha...gd luck to those vested ! :P

 

top 20 in vol. only . coming soon.

 

Maybe in the year 2020

derekchong      ( Date: 16-Aug-2011 09:13) Posted: still not at the top 20 yet.

 

still not at the top 20 yet.

 

Your broker could have recommended it all in good faith...

      But the best brokers are ones which also advise you when to take a loss .

                  But either way, you are finally responsible to develope your own skills...

JUNWEI9756      ( Date: 16-Aug-2011 01:49) Posted: Still remembered that my broker recommended me this counter at $1.01. THANK GOD I DIDN'T TOUCH IT.