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9441-9460 of 10484
IMO, Midas is taking a breather after yesterday's strong runup.
Trade Summary still shows more buying up:
| WEIGHTED AVG PRICE : 0.8943 |
LAST DONE PRICE : 0.885 |
| SPREAD/PRICE RATIO : 0.0056 |
AVG TRADE SIZE : 23.499 |
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no power today..consolidating @ 89c..
No need to be unduly worried, worry only if it is a speculative stock with poor FA.
For me, I m unperturbed as I dun even touched a single speculative stock, particularly with poor FA
solar2008 ( Date: 13-Aug-2009 13:18) Posted:
Every day closes one cent higher and pull back 2-3cents a week will still a gain. This one have to hold patiently. Patient pays off, treat like a fixed deposit with CDP. The returns will definitely much better than banks' interest. Juz one mth, my return is already 13% gain for this counter. Bank = 0.015%
richtan ( Date: 13-Aug-2009 13:01) Posted:
| People can dump for watever personal reasons (for tat 1000 lots dumping, still someone pickup the tabs right) but tat does not mean Midas will collapse |
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i'm a short term trader..i enter low n sell high whenever possible..
Every day closes one cent higher and pull back 2-3cents a week will still a gain. This one have to hold patiently. Patient pays off, treat like a fixed deposit with CDP. The returns will definitely much better than banks' interest. Juz one mth, my return is already 13% gain for this counter. Bank = 0.015%
richtan ( Date: 13-Aug-2009 13:01) Posted:
People can dump for watever personal reasons (for tat 1000 lots dumping, still someone pickup the tabs right) but tat does not mean Midas will collapse.
ozone2002 ( Date: 13-Aug-2009 11:52) Posted:
| holy smoke.. saw somebody dump 1,000 lots.. |
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People can dump for watever personal reasons (for tat 1000 lots dumping, still someone pickup the tabs right) but tat does not mean Midas will collapse.
ozone2002 ( Date: 13-Aug-2009 11:52) Posted:
| holy smoke.. saw somebody dump 1,000 lots.. |
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A little retreat is expected :) My friend told me too much noise in the market atm. Gonna do some filtering
michgemini ( Date: 13-Aug-2009 10:49) Posted:
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Do you know if the results release is after trading hours or during trading hours tomorrow? Wondering about its impact...
risktaker ( Date: 13-Aug-2009 10:35) Posted:
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My friend told me to pack my bullets and wait to fight another day. |
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holy smoke.. saw somebody dump 1,000 lots..
Does MIDAS have biz links with viet gov? Don't recall seeing any news b4
Will Midas also secure contracts from Vietnam's $56 billion railway investment:
Japan, Australia Stock Futures Rise on U.S. Rate (Correct)
By Masaki Kondo
(Corrects foreign-exchange effect in sixth paragraph.)
Aug. 13 (Bloomberg) -- Japan’s and Australia’s
stock futures rose after the U.S. Federal Reserve said it will keep the benchmark rate low, the dollar strengthened versus the yen and oil prices advanced for the first time in five days.
U.S.-traded securities of
Toyota Motor Corp., the world’s biggest automaker, climbed 1.5 percent from the Tokyo close. Those of
Mitsubishi Corp., a Japanese trading company that gets more than a third of its sales from commodities, advanced 1.1 percent. Securities of
Santos Ltd., Australia’s No. 3 oil and gas producer, gained 1.7 percent from the Sydney close.
“The Fed’s commitment to a low interest rate eased concern higher borrowing costs will hamper the U.S. economic recovery,” said
Mitsushige Akino, who oversees the equivalent of $624 million at Ichiyoshi Investment Management Co. in Tokyo. “The mid- to long-term outlook remains hazy and we’re close to the ceiling of this range-bound market, so investors prefer to do nothing but observe the situation.”
Futures on Japan’s
Nikkei 225 Stock Average expiring in September closed at 10,520 in Chicago, 0.8 percent higher than 10,440 in Osaka. Australia’s S&P/ASX 200 Index
futures contract due in September rose 1.2 percent, its biggest gain in a week. New Zealand’s
NZX 50 Index added 1.3 percent to 3,118.71 in Wellington.
In New York, the
Standard & Poor’s 500 Index rebounded 1.2 percent yesterday from its biggest decline in a month the day before. The Fed said yesterday the benchmark interest rate will stay “exceptionally low” for an “extended period” and said the recession is easing. The Fed’s Open Market Committee left the rate between zero and 0.25 percent after their two-day meeting.
Weakening Yen
The yen depreciated to as much as 96.23 from 95.51 at the 3 p.m. close of Tokyo stock trading. A weaker domestic currency increases the value of overseas sales at Japanese companies when repatriated.
Crude oil added 1 percent in New York yesterday, breaking its four-day losing streak. Copper jumped 3.2 percent.
Vietnam Railways Corp. will use Japan’s bullet-train technology for a planned $56 billion link connecting Hanoi and Ho Chi Minh City, the Nikkei newspaper reported, citing an interview with Chief Executive Officer Nguyen Huu Bang. The Vietnamese government aims to build the line in sections and start running high-speed trains by 2020, the report said.
To contact the reporter for this story:
Masaki Kondo in Tokyo at
mkondo3@bloomberg.net.
Last Updated: August 12, 2009 21:30 EDT
Do you know if the results release is after trading hours or during trading hours tomorrow? Wondering about its impact...
risktaker ( Date: 13-Aug-2009 10:35) Posted:
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My friend told me to pack my bullets and wait to fight another day.
richtan ( Date: 13-Aug-2009 10:26) Posted:
Midas Holdings: Set to enlarge its production capacity
(BUY\S$0.88\Target S$0.97 Under Review)
James Lim (62323892, james.lim@dmgaps.com.sg)
Terence Wong, CFA (62323896, terence.wong@dmgaps.com.sg)
Purchasing 4th and 5th production lines.
Midas Holdings announced that it has purchased two additional aluminium alloy (AA)
extrusion lines with an annual production capacity of 20,000 tonnes.
Coupled with the current two existing AA lines and taking into account the 3rd AA line that
is expected to commence production in 2Q10, this move would see Midas command an annual
production capacity of 50,000 tonnes by end-2010.
We view this as a positive move.
With the expected strong pipeline of new projects in the PRC, Midas’ higher production capabilities
would enable it to leverage on the transportation boom in China.
Also, the funds required for the purchase of these two AA lines would be financed by Midas’
recent S$89.4m share placement and not through bank borrowings, thereby avoiding the need for
the company to gear up.
Recommendation.
The fourth and fifth lines would be commissioned in Feb-10 and Aug-10
respectively. We will be reviewing our target price and BUY recommendation pending discussions
with management. |
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My friend told me to pack my bullets and wait to fight another day.
richtan ( Date: 13-Aug-2009 10:26) Posted:
Midas Holdings: Set to enlarge its production capacity
(BUY\S$0.88\Target S$0.97 Under Review)
James Lim (62323892, james.lim@dmgaps.com.sg)
Terence Wong, CFA (62323896, terence.wong@dmgaps.com.sg)
Purchasing 4th and 5th production lines.
Midas Holdings announced that it has purchased two additional aluminium alloy (AA)
extrusion lines with an annual production capacity of 20,000 tonnes.
Coupled with the current two existing AA lines and taking into account the 3rd AA line that
is expected to commence production in 2Q10, this move would see Midas command an annual
production capacity of 50,000 tonnes by end-2010.
We view this as a positive move.
With the expected strong pipeline of new projects in the PRC, Midas’ higher production capabilities
would enable it to leverage on the transportation boom in China.
Also, the funds required for the purchase of these two AA lines would be financed by Midas’
recent S$89.4m share placement and not through bank borrowings, thereby avoiding the need for
the company to gear up.
Recommendation.
The fourth and fifth lines would be commissioned in Feb-10 and Aug-10
respectively. We will be reviewing our target price and BUY recommendation pending discussions
with management. |
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Midas Holdings: Set to enlarge its production capacity
(BUY\S$0.88\Target S$0.97 Under Review)
James Lim (62323892,
james.lim@dmgaps.com.sg)
Terence Wong, CFA (62323896,
terence.wong@dmgaps.com.sg)
Purchasing 4th and 5th production lines.
Midas Holdings announced that it has purchased two additional aluminium alloy (AA)
extrusion lines with an annual production capacity of 20,000 tonnes.
Coupled with the current two existing AA lines and taking into account the 3rd AA line that
is expected to commence production in 2Q10, this move would see Midas command an annual
production capacity of 50,000 tonnes by end-2010.
We view this as a positive move.
With the expected strong pipeline of new projects in the PRC, Midas’ higher production capabilities
would enable it to
leverage on the transportation boom in China.
Also, the funds required for the purchase of these two AA lines would be financed by Midas’
recent S$89.4m share placement and
not through bank borrowings, thereby avoiding the need for
the company to gear up.
Recommendation.
The fourth and fifth lines would be commissioned in Feb-10 and Aug-10
respectively. We will be reviewing our target price and BUY recommendation pending discussions
with management.
in again 89.5 :)
ozone2002 ( Date: 12-Aug-2009 22:55) Posted:
will check tmr vol to see whether to average up.. :)
ozone2002 ( Date: 12-Aug-2009 09:05) Posted:
| MIDAS vol looks good today..vested for a quick scalp 86c |
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I like those animation of yours hahahaha.
richtan ( Date: 13-Aug-2009 09:17) Posted:
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Intraday aredi broke 90, high at 90.5, will head towards 1.19 and higher.
Trade Summary shows heavy buying up:
| WEIGHTED AVG PRICE : 0.9009 |
LAST DONE PRICE : 0.900 |
| SPREAD/PRICE RATIO : 0.0056 |
AVG TRADE SIZE : 37.994 |
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risktaker ( Date: 13-Aug-2009 08:33) Posted:
| Today we shall see the new high of Midas @ 0.90 :) Good luck to all who vested. |
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Intraday aredi broke 90, high at 90.5, will head towards 1.19 and higher.
Trade Summary shows heavy buying up:
| WEIGHTED AVG PRICE : 0.9009 |
LAST DONE PRICE : 0.900 |
| SPREAD/PRICE RATIO : 0.0056 |
AVG TRADE SIZE : 37.994 |
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risktaker ( Date: 13-Aug-2009 08:33) Posted:
| Today we shall see the new high of Midas @ 0.90 :) Good luck to all who vested. |
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Today we shall see the new high of Midas @ 0.90 :) Good luck to all who vested.
NEWS RELEASE - MIDAS STEPS UP CAPACITY EXPANSION TO MEET MARKET DEMAND
- Purchases fourth and fifth extrusion presses with annual production capacity of 20,000 tonnes
- Third extrusion production line on track to start production in 2Q2010
- Total annual production capacity to more than double from 20,000 tonnes currently to 50,000 tonnes in end 2010
Singapore, August 12, 2009 - Mainboard-listed Midas Holdings Limited (“Midas”, and together with its subsidiaries, “the Group”) (麦达斯控股有限公司), announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”) (吉林麦达斯铝业有限公司), has purchased two aluminium alloy extrusion presses - 36MN and 95 MN – with an annual production capacity of 20,000 tonnes.
Delivery for installation and commissioning of the 36MN aluminium alloy extrusion press is expected for February 2010, while the delivery for installation and commissioning for the 95MN aluminium alloy extrusion press is expected for August 2010. The two new production lines were purchased from Taiyuan Heavy Industry Co., Ltd (太原重工股份有限公司) and will be funded by Midas’ recent share placement proceeds.
Jilin Midas currently has two aluminium alloy extrusion production lines (55MN and 75MN) with a total annual production capacity of 20,000 tonnes. It is building a third production line (110MN), which is targeted to commence production in the second quarter of 2010, with production capacity of 10,000 tonnes per annum. With the addition of the two new production lines, Jilin Midas will have a total annual production capacity of 50,000 tonnes by the end of 2010.
Commented Mr Patrick Chew (周华光), CEO of Midas: “We are delighted to announce our plans to further expand our aluminium alloy extrusion production capacity to meet market demand and seize market opportunities.
“With the expected strong pipeline of new projects in the PRC, we believe that our enhanced production capabilities will provide good leverage for Midas to tap on the transportation boom and increase our market share both in the PRC and international markets.”
Look at my chart, this is just my opinion, if u decides to buy, if I were u, I would either set my cut-loss if it close (not intraday, as it can be fake) below the 25ema and look for another buy opportunity around the 65ema for reversal sign.
Dun expect all trades to be profitable, trading is all about minimise losses n maximise profits with trailing stops (read my 3 golden mantras)
tea444u ( Date: 12-Aug-2009 15:10) Posted:
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