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901-920 of 10484
Next price upgrades expect to be between 0.80-0.90
Once secure more contracts especially HSR contracts, price upgrades will continue.
Likely to test 0.58 next week.
GorgeousOng ( Date: 16-Aug-2013 15:49) Posted:
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May be Chinese fights with Chinese LOL.....tomorrow see who is bleeding more yah！ Huat arh!!!
Peter_Pan ( Date: 16-Aug-2013 15:37) Posted:
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Kiang Si Mai Sng.......
GET LOST
GorgeousOng ( Date: 16-Aug-2013 15:33) Posted:
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Next week breakout 0.55
They may lose their underwear!!! Come lah! Short lah! I challenge you!!! lol!!
Peter_Pan ( Date: 16-Aug-2013 15:37) Posted:
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Shortists want to fight the Chinese government!!!!
GorgeousOng ( Date: 16-Aug-2013 15:33) Posted:
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Midas is a growth stock. That's why fair value is 0.65. Current price is unfair value. lol!!
Shh ..shh ..shh... Shortists are watching you!!!
Midas Holdings
On The Way To Recovery
2Q13 results largely within expectations. Midas 2Q13 results were in
line with our expectations. Revenue rose 29% YoY to RMB284m while
net profit improved significantly to RMB15m, hugely better compared to
only RMB1.6m last year and a loss of RMB6m last quarter. We expect
a better performance in 2H13 as utilization rates gradually recover and
NPRT turns profitable. The potential big catalyst for the stock is still the
resumption of high speed train tenders, which we expect to happen in
the next two months. The current 1x P/B valuation provides a solid floor
to the share price. Maintain BUY and target price of SGD0.75 (based
on 1.5x P/B relative to the mean of 2.1x).
Expect better performance in 2H13. We expect around RMB400m
new contract wins from the metro sector and overseas markets (such
as Europe, Singapore and Brazil) to add to current RMB700m order
book for the rest of the year. The utilization rate has in fact gradually
improved to about 50% in 2Q. Better performance in 2H13 could be
expected with more contract wins and improving utilization.
Turnaround of NPRT set to continue. NPRT (the JV with CSR) is a
big reason for the turnaround in this quarter. Profit contribution from
NPRT improved to RMB3m, compared with RMB14m loss last year and
RMB4m loss last quarter. We expect more train cars to be delivered to
customers in 2H. Turnaround of NPRT seems sustainable given the
current rich order book of RMB9b.
High speed train orders could come soon. Management remains
optimistic on the outlook of the company over the mid to long term as
the government has committed to increasing the investment in the rail
industry. Recent intensive bond issuance and upwardly revised
investment targets by China Rail Corp (CRC) suggest that potential
resumption of high speed train orders could come soon than later.
Recommendation. At the current 1x P/B, we do not see much
downside risk to the share price. We believe that the stock could be
significantly re-rated once high speed train orders come back. We
maintain our BUY rating and TP of SGD0.75.
Midas Holdings On The Way To Recovery
http://research.maybank-ib.com/pdf/document/Midas_160813_4843.pdf
becareful of pump and dump? if can't break 53 cents better wait ...
WanSiTong ( Date: 16-Aug-2013 15:09) Posted:
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0.525 broken !
minuminu ( Date: 16-Aug-2013 14:30) Posted:
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0.525 is eaten fast.
SSE up, Midas inching up too.
WanSiTong ( Date: 16-Aug-2013 10:50) Posted:
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Swee!!
Volume pick up! Last done : 0.52 
Sista, baca PM. Takut kamu tak baca semalam. Cheers!
May Bank Kim Eng put target price at S$0.75 today. Anyone has the link for the research?