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941-960 of 10484
https://brokingrfs.cimb.com/z632NZFeOGwHRUBEhWf509gq_CZ5EJllUR8scd31S6QSXr9BfsQ0BaET7G7WEE_iwDMDpqqKokI1.pdf
https://brokingrfs.cimb.com/z632NZFeOGwHRUBEhWf509gq_CZ5EJllUR8scd31S6QSXr9BfsQ0BaET7G7WEE_iwDMDpqqKokI1.pdf
WanSiTong ( Date: 15-Aug-2013 09:31) Posted:
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Banking on a strong 2H
2Q13net profit recoveredfrom a net loss in 1Q. This was dueto strong core revenueand positive contributions from itsassociate, NPRT. We expect 2H13to compensate for theweak1H13.Midas ison track to meet our full-year target giventhe current earnings momentum.
Maintain Outperform
Midas is currently trading at 0.95x CY13 P/BV, still below its historical mean of 1.46x. We believe the resumption of HSR contracts will be a major price catalyst.
CIMB TP : 0.70
https://brokingrfs.cimb.com/z632NZFeOGwHRUBEhWf509gq_CZ5EJllUR8scd31S6QSXr9BfsQ0BaET7G7WEE_iwDMDpqqKokI1.pdf
Still a suspecious report.
Income statement Profit from associate is 3.149M, but look at balance sheet interest in associate decrease by 8.04M??
Other operation income increase by 3x, the report talk about scape material price increase and interest income??? Aluminium price have beening dropping for the last two quarter, do you think company will buy the scape aluminium at 3x the price? And scape aluminium is definitely less then the raw aluminium, compare the other opertation income with cost of sales and also remove the interest receive at cash flow statement, that is around 4.10%, and consider the price different between raw aluminium and scape aluminium the % of scape material is even higher then 4.1%.
The wastage for aluminium profilling usually is kept within 0~2%, such a high % scape is really???
Mardi.tan ( Date: 14-Aug-2013 22:17) Posted:
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Be careful. .midas always will do cash call when it move up. Watching this counter for years.short term play is Ok.
But is is a good start!
Hopefully more good years ahead!
Consider how many years shareholders have not received the dividend oredi!!
retsel ( Date: 14-Aug-2013 19:03) Posted:
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NEWS RELEASE Revenue up 29.2% to RMB284.0 million on higher contributions from the Aluminium Alloy Extruded Products Division
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Outlook
The PRC Government?s pledge to speed up railway investments and China Railway Corporation?s (" CRC" ) plan to raise annual investments in fixed assets to RMB660 billion in 2013
In view of the above, the Group remains moderately optimistic on the outlook of China?s railway industry over the mid to long-term. At the export front, the Group continues to make good progress in its strategy to grow its businesses, securing additional projects for the Russian and Singapore markets in early 2013. Moving forward, the Group will continue to actively identify and harness opportunities in other product segments as well as in export markets.
" We are optimistic that continued business opportunities in both China and regional markets will continue to benefit market players. In addition, our leading position as an established supplier noted for delivering quality products and services will continue to position Midas well to harness these growth opportunities," Mr Chew concluded.
http://infopub.sgx.com/FileOpen/MidasHoldings-NewsRelease.ashx?App=Announcement& FileID=2523091 are expected to benefit industry players. Proposes interim dividend of 0.25 Singapore cent per ordinary share
MIDAS REPORTS NET PROFIT OF RMB14.9 MILLION FOR 2Q2013
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Peter_Pan ( Date: 14-Aug-2013 18:00) Posted:
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MIDAS REPORTS NET PROFIT OF RMB14.9 MILLION FOR 2Q2013 - Revenue up 29.2% to RMB284.0 million on higher contributions from the Aluminium Alloy Extruded Products Division - Proposes interim dividend of 0.25 Singapore cent per ordinary share
Ref: http://midas.listedcompany.com/newsroom/20130814_174537_5EN_F30CDE406DF28E5448257BC700343F13.2.pdf
Ref: http://midas.listedcompany.com/newsroom/20130814_174537_5EN_F30CDE406DF28E5448257BC700343F13.1.pdf
Becarefull , Tomorrow the share may drop , if profits only 20-40 %.
no dividend ???, No new contracts wins.???
ppl may short sell ... becarefull.
if profits more 50 %-100% . wins more contracts .
shorts seller , may be get kills ...??
like swiber 2Q profits up 30% , the share price drop -6 cents .
last done 0.71, no dividend
hlfoo2010 ( Date: 14-Aug-2013 11:12) Posted:
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More roads build, more coe issue???, more car allow?????
More fees increases sure !
Securities and Derivatives Markets Delay Open due to Issuance of Typhoon Signal No. 8
Hong Kong Exchanges and Clearing Limited (HKEx) announced that the morning trading sessions of both the securities and derivatives markets have been delayed due to the issuance of Typhoon Signal No. 8.
If Typhoon Signal No. 8 or above remains issued at 9:00 am, the morning trading sessions for all markets will be cancelled.
If Typhoon Signal No. 8 signal or above is cancelled at or before 12:00 noon, major products of HKEx?s securities and derivatives markets will resume trading in the afternoon. Trading will begin on the first half hour at least two hours after the discontinuation of the Typhoon Signal No. 8.
If Typhoon Signal No. 8 signal or above remains issued at 12:00 noon, all trading sessions today will be cancelled.
HKEx will make a further announcement in due course.?
Ya, HK not trading because of Typhoon Utor.
The meeting initially scheduled at 9.30am today.
ruanlai ( Date: 14-Aug-2013 10:40) Posted:
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pcxiao2008 ( Date: 14-Aug-2013 09:49) Posted:
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