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Midas

patience is a virtue..

I agree, however, Midas still has that "Contract" thing that everyone knows about... It's a matter of whether:

1. No award

2. Awarded a lot

3. Awarded a little

When China XLX announce dual listing..price soar to 59-60cts..now euphoria die down back to 52cts..will apply to MIDAS...sold at 88.5-89cts this morning..waited too long liao

Midas planning a secondary listing in Hong Kong

22 Sep 2009

Singapore-listed supplier of aluminium alloy products, Midas Holdings, is planning a secondary listing of its shares on the mainboard of the Hong Kong stock exchange.

CEO Patrick Chew says the company has been progressing steadily since its Singapore listing in 2004.

And he says a listing on both the Singapore and Hong Kong bourses will allow the company to tap into a wider investor base, increase liquidity and enhance its stock value.

With its strong business focus in China, Midas believes a secondary listing in Hong Kong will bring it closer to its key market.

The company says the proposed listing is at an evaluation stage.

It has appointed Credit Suisse Hong Kong to assist it in evaluating and preparing for the listing.

Yes, tks for your reminder DYODD.

richtan ( Date: 22-Sep-2009 11:46) Posted:

Hi niuyear,

Thanks n same to u as I believe u too are vested.

Lets HUAT together n just ignore all those distracting noises n dun get affected emotionally by it, remember my 3 golden mantras n trade mechanically, all those noises are just testing our resolve n how steadfast are we, our confidence in the FA n TA, but at the same time, also must remember set your stop-loss n on the lookout for reversal sign in the chart as nothing is guaranteed.

niuyear ( Date: 22-Sep-2009 09:33) Posted:

Richtan,

Congratulatoins!

Dual listing on the way, new contracts and economic rising from dead....i am more otp them those Analyst...1.30!!!!!

I agree with bennykusman regarding Risktaker's comments about BB. Midas isn a good stock and we don't need Risktaker useless advise and remarks. He ask people to sell and now he said he bought and sold for profit. I leave it to u guys to decide whether he is honest!!!!!

Midas with all the roadshows , listing in Hong Kong and new contracts coming on streams will augur well in the coming weeks . Be patient, resolute and target to win.

richtan ( Date: 22-Sep-2009 11:46) Posted:

Hi niuyear,

Thanks n same to u as I believe u too are vested.

Lets HUAT together n just ignore all those distracting noises n dun get affected emotionally by it, remember my 3 golden mantras n trade mechanically, all those noises are just testing our resolve n how steadfast are we, our confidence in the FA n TA, but at the same time, also must remember set your stop-loss n on the lookout for reversal sign in the chart as nothing is guaranteed.

niuyear ( Date: 22-Sep-2009 09:33) Posted:

Richtan,

Congratulatoins!

Hi niuyear,

Thanks n same to u as I believe u too are vested.

Lets HUAT together n just ignore all those distracting noises n dun get affected emotionally by it, remember my 3 golden mantras n trade mechanically, all those noises are just testing our resolve n how steadfast are we, our confidence in the FA n TA, but at the same time, also must remember set your stop-loss n on the lookout for reversal sign in the chart as nothing is guaranteed.

niuyear ( Date: 22-Sep-2009 09:33) Posted:

Richtan,

Congratulatoins!

From OCBC Investment Research:

Midas Holdings:

Evaluating listing in HK.

Maintain BUY.

Midas Holdings (Midas) announced today that it is planning a secondary listing of its shares on the Main Board of the Stock Exchange of HongKong.

Midas has appointed Credit Suisse (Hong Kong) to assist the group in evaluating and preparing for this listing.

Mr Patrick Chew, CEO, says that Midas "is now ready to take Midas towards the next development phase and is optimistic that a listing on both the Singapore and HongKong bourses will allow Midas to tap into a wider investor base, increase liquidity and enhance the stock value".

Hong Kong valuations tend to be richer and this could bode well for dual-listed Singapore stocks.

Maintain BUY, fair value of S$1.05.

(Kelly Chia)

Be cautious, heavy selling soon by BB as they take profit.

Trade with care for small investor.

From Kim Eng:

Midas – Company update (James KOH 64321431)

Previous day closing price: $0.865

Recommendation: Buy (maintained)

Target price: $1.15 (Previously $0.985)

Still packing the theatre

We recently hosted a roadshow for Midas in the US, which was very well-received by funds.

The exciting growth prospects within the China rail infrastructure space continue to capture the
imagination, with the main discussion points being the competition within this space, the sustainability of growth for Midas and the progression on expansion.

A smaller share of the bigger pie

While Midas still holds a clear lead in terms of certification and track record,
management expects competition to intensify, with listed peers such as Shandong Nanshan (Shanghai) and Zhongwang (HK) stating their intentions to break into this market.

Going forward, they believe achieving a lower 50-60% market share of this growing pie would be a more reasonable target, which will still ensure strong growth.

Life after trains

Improving the rail infrastructure network is an important government initiative, with current directives providing clear visibility over the next 2-3 years. Even subsequent to the stimulus package, we expect this program to continue.

Over the longer term, management will look into other feasible, promising industries such as aviation to continue its growth.

Progress on the installation of 4th and 5th extrusion lines

We now expect the 4th and 5th extrusion lines to come on stream by 2Q09 and 4Q09, earlier than our earlier estimates.

Our model factors in Midas winning a 50%-60% market share of the upcoming round of orders, which is twice the size of the first round. This will already keep all its five extrusion lines busy at about 75% utilisation.

Much more tracks to run

We adjust our earnings to take into account higher effective capacity in FY10 and higher tax rates in FY11.

We now peg our target price to 20X FY10E.

We believe the Chinese rail industry is still at its early-mid cycle.

With the Ministry of Railway due to announce the 2nd round of high-speed train orders, we expect orders to flow down to Midas within 3-4 months

lol i will not bother to explain whats going on. Good luck.

bennykusman ( Date: 22-Sep-2009 10:36) Posted:

ristaker,

this is what u post on 17th sept... ur BB technique... keke

risktaker ( Date: 17-Sep-2009 18:48) Posted:

Monday Jim brought 20 lots @ 0.85 (How many buyers are like Jim)
Tuesday Jenny Brought 10 lots @ 0.86 (How many buyers are like jenny)
Remember there are big time contra player as well.

Wednesday BB Pump it up to $0.89 - Those contra players who brought yesterday = confirm dead. If BB want them dead.
More people chase @ $0.88 , $0.87 because somehow the charge shows that the trend and direction = positively up.

Thursday BB pressure it to 0.86 -0.87 range Jim & Jenny still can make money if he exit today

Friday BB Pump a little up $0.87. People chase again. What if BB short it down to 0.84 within few throws and all they have to do is hold it for 2 days next week (Tuesday and Wednesday). All Contra players will lose money. The BB of course have to make money la. so it is eventually the Contra player that will pay BB profit.

Now ask yourself if that make sense.

In shares If you win, someone will lose thats the balance law.

ristaker,

this is what u post on 17th sept... ur BB technique... keke

risktaker ( Date: 17-Sep-2009 18:48) Posted:

Monday Jim brought 20 lots @ 0.85 (How many buyers are like Jim)
Tuesday Jenny Brought 10 lots @ 0.86 (How many buyers are like jenny)
Remember there are big time contra player as well.

Wednesday BB Pump it up to $0.89 - Those contra players who brought yesterday = confirm dead. If BB want them dead.
More people chase @ $0.88 , $0.87 because somehow the charge shows that the trend and direction = positively up.

Thursday BB pressure it to 0.86 -0.87 range Jim & Jenny still can make money if he exit today

Friday BB Pump a little up $0.87. People chase again. What if BB short it down to 0.84 within few throws and all they have to do is hold it for 2 days next week (Tuesday and Wednesday). All Contra players will lose money. The BB of course have to make money la. so it is eventually the Contra player that will pay BB profit.

Now ask yourself if that make sense.

In shares If you win, someone will lose thats the balance law.

lol of course including shorting it :)

risktaker ( Date: 22-Sep-2009 10:32) Posted:

I brought @ 0.84 exit 0.86

I brought @ 0.855-0.860 Exit 90.5

Blocking now :)

bennykusman ( Date: 22-Sep-2009 10:29) Posted:

what u say in prev post? i cant remember leh..

i remember that u said that u sold all ur stock when it's 0.86 or 0.87 if im not wrong and u gave ur "BB technique" where the price will drop and u set target price of 0.83 if im correct ??

and now u urself entered and sold 1000 lots ?

so, let me conclude to other forumers, that u also bought the stocks but u didnt tell others... u ask others to sell the stocks, correct ?

so, last friday/thursday post u said to quit right ? u didnt quit urself ? haha.. what a good "BB Technique".. is it ur part #3 BB technique ? cool!

risktaker ( Date: 22-Sep-2009 10:32) Posted:

I brought @ 0.84 exit 0.86

I brought @ 0.855-0.860 Exit 90.5

Blocking now :)

bennykusman ( Date: 22-Sep-2009 10:29) Posted:

what u say in prev post? i cant remember leh..

i remember that u said that u sold all ur stock when it's 0.86 or 0.87 if im not wrong and u gave ur "BB technique" where the price will drop and u set target price of 0.83 if im correct ??

and now u urself entered and sold 1000 lots ?

so, let me conclude to other forumers, that u also bought the stocks but u didnt tell others... u ask others to sell the stocks, correct ?

I brought @ 0.84 exit 0.86

I brought @ 0.855-0.860 Exit 90.5

Blocking now :)

bennykusman ( Date: 22-Sep-2009 10:29) Posted:

what u say in prev post? i cant remember leh..

i remember that u said that u sold all ur stock when it's 0.86 or 0.87 if im not wrong and u gave ur "BB technique" where the price will drop and u set target price of 0.83 if im correct ??

and now u urself entered and sold 1000 lots ?

so, let me conclude to other forumers, that u also bought the stocks but u didnt tell others... u ask others to sell the stocks, correct ?

risktaker ( Date: 22-Sep-2009 10:10) Posted:

i sold close to 1000 lots at 0.905 :

Midas Holdings: Evaluating listing in HK. Maintain BUY.

Summary: Midas Holdings (Midas) announced today that it is planning a secondary listing of its shares on the Main Board of the Stock Exchange of Hong Kong. Midas has appointed Credit Suisse (Hong Kong) to assist the group in evaluating and preparing for this listing. Mr Patrick Chew, CEO, says that Midas "is now ready to take Midas towards the next development phase and is optimistic that a listing on both the Singapore and Hong Kong bourses will allow Midas to tap into a wider investor base, increase liquidity and enhance the stock value." Hong Kong valuations tend to be richer and this could bode well for dual-listed Singapore stocks. Maintain BUY, fair value of S$1.05. (Kelly Chia OCBC research)

what u say in prev post? i cant remember leh..

i remember that u said that u sold all ur stock when it's 0.86 or 0.87 if im not wrong and u gave ur "BB technique" where the price will drop and u set target price of 0.83 if im correct ??

and now u urself entered and sold 1000 lots ?

so, let me conclude to other forumers, that u also bought the stocks but u didnt tell others... u ask others to sell the stocks, correct ?

risktaker ( Date: 22-Sep-2009 10:10) Posted:

i sold close to 1000 lots at 0.905 :)

risktaker ( Date: 22-Sep-2009 10:07) Posted:

Remember what i say in previous post :) If it cant hold 90.5 cent = SELL

BLOCK BLOCK BLOCK :)

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