richtan ( Date: 10-Jul-2009 11:53) Posted:
As per my post below, Midas maybe forming another higher high n higher low white candle today,
if it does, it will test the resistance at 83.5 as mentioned in my post below n once it breaks above 83.5, it will becomes the support.
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When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.
But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.
To resume and confirm the uptrend, it must not break below yesterday's low of 75.
Bintang ( Date: 09-Jul-2009 23:11) Posted:
Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view per my post below, Midas maybe forming another higher high n higher low white candle today,
if it does, it will test the resistance at 83.5 as mentioned in my post below n once it breaks above 83.5, it will becomes the support.
x 1
x 0 |
When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.
But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.
To resume and confirm the uptrend, it must not break below yesterday's low of 75.
Bintang ( Date: 09-Jul-2009 23:11) Posted:
Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view .
richtan ( Date: 09-Jul-2009 22:51) Posted:
Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5
unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below) |
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From DMG:
Midas Holdings: Expanding aggressively with good visibility
(BUY\S$0.785\Target S$1.04)
James Lim (62323892, james.lim@dmgaps.com.sg)
Terence Wong (62323896, terence.wong@dmgaps.com.sg)
Outlook remains bullish.
We recently met up with the management of Midas and learnt that
while earnings growth in 2009 is not expected to be outstanding as its manufacturing lines have
long since attained full utilisation, the outlook in 2010 is highly positive due to contributions from
its new production lines. Maintain BUY with price target of S$1.04 (from S$0.855 previously)
assuming it trades up to 18.8x FY09/10 blended P/E.
Current order book at around Rmb1.4b. Within a span of less than three weeks, Midas
announced that it had clinched several projects wins worth a total of Rmb1.0b, almost twice the
amount of its previous order book of Rmb517m as of end-1Q09. Nevertheless, as we understand
from management that some of its previously clinched contracts would be fulfilled in 2Q09, we
estimate its order book would currently stand at around Rmb1.4b.
Third production line for AA extrusion product segment by end-1Q10. While it has
historically taken around 24 – 30 months to achieve full utilisation, management revealed that it
expects to ramp up utilisation for its third line by a faster pace as its order flow had been very
strong. Market rumours for a fourth and possibility even a fifth line are seemingly not unfounded,
although management declined to confirm these issues. Nevertheless, we believe that Midas may
require some form of funding should they decide to ramp up its production capacity.
Increasing top and bottomline forecasts in FY10. We have kept our earnings estimates for
FY09 intact given that we have already assumed close to full utilisation rates for Midas’ two
existing AA extrusion lines previously. Also, contributions from its new fabrication business are
expected to be very minimal in the current year. We have, however, increased our top and
bottomline forecasts in FY10 by 24.6% and 17.9% respectively due to the addition of two new
production lines for the fabrication segment and assumptions of higher utilisation rates for the
third extrusion line.
As per my post below, Midas maybe forming another higher high n higher low white candle today, if it does, it will test the resistance at 83.5 as mentioned in my post below n once it breaks above 83.5, it will becomes the support.
x 1
x 0 |
When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.
But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.
To resume and confirm the uptrend, it must not break below yesterday's low of 75.
Bintang ( Date: 09-Jul-2009 23:11) Posted:
Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view .
richtan ( Date: 09-Jul-2009 22:51) Posted:
Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5
unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below) |
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NEWS RELEASE
MIDAS AWARDED PRESTIGIOUS INTERNATIONAL RAILWAY
INDUSTRY STANDARD (IRIS) CERTIFICATION
- First in the PRC to obtain the IRIS certification in its business category
- IRIS is recognised and supported by railway industry players worldwide
- Strengthens Group’s competitive position in the global arena
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_54287FEB962BD93C482575EE0032CDF0/$file/IRISCertification.pdf?openelement
daphnecsf,
U are making great contribution to the forum. Keep it up.
Btw, it is advisable to mentioned the source of info, otherwise there might be an infringement.
It is better to take precaution not to get into trouble. daphnecsf ( Date: 10-Jul-2009 10:51) Posted:
:) sweet! Midas is extend thier footprint in the global rail transportation arena !
NEWS RELEASE
Singapore, July 9, 2009
MIDAS AWARDED PRESTIGIOUS INTERNATIONAL RAILWAY
INDUSTRY STANDARD (IRIS) CERTIFICATION
- First in the PRC to obtain the IRIS certification in its business category
Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”),
has been awarded the prestigious International Railway Industry Standard (IRIS) certification.
Jilin Midas is the first company in the PRC to receive the IRIS certification under
the category of “Manufacturing and Services of Aluminium Alloy Carbody Profile and Parts for Rail Cars".
- IRIS is recognised and supported by railway industry players worldwide
Promoted by the European Rail Industry (UNIFE) and supported by operators,
system integrators and equipment manufacturers, the IRIS complements the
internationally recognized ISO 9001 quality standard introducing rail specific
requirements.
- Strengthens Group’s competitive position in the global arena
Being an IRIS certified company speaks for our ability to meet the highest quality
standards worldwide and our standing as an international supplier. It also
significantly enhances our ability to compete in the international markets and
strengthens our position to tap on growth opportunities globally.”
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:) sweet! Midas is extend thier footprint in the global rail transportation arena !
NEWS RELEASE
Singapore, July 9, 2009
MIDAS AWARDED PRESTIGIOUS INTERNATIONAL RAILWAY
INDUSTRY STANDARD (IRIS) CERTIFICATION
- First in the PRC to obtain the IRIS certification in its business category
Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”),
has been awarded the prestigious International Railway Industry Standard (IRIS) certification.
Jilin Midas is the first company in the PRC to receive the IRIS certification under
the category of “Manufacturing and Services of Aluminium Alloy Carbody Profile and Parts for Rail Cars".
- IRIS is recognised and supported by railway industry players worldwide
Promoted by the European Rail Industry (UNIFE) and supported by operators,
system integrators and equipment manufacturers, the IRIS complements the
internationally recognized ISO 9001 quality standard introducing rail specific
requirements.
- Strengthens Group’s competitive position in the global arena
Being an IRIS certified company speaks for our ability to meet the highest quality
standards worldwide and our standing as an international supplier. It also
significantly enhances our ability to compete in the international markets and
strengthens our position to tap on growth opportunities globally.”
When a stock is bullish, there is no necessity tat the gap be filled (eg the gap between 12/3 n 13/3, though it is 0.005), thus why there is such a term as "runaway gap", correct me if I m wrong.
But of course, there is no gurantee tat this gap wont be filled, it may filled if there is a very bad news in the general mkt tat pulls it done to cover the gap, otherwise, it may remains as a runaway gap.
To resume and confirm the uptrend, it must not break below yesterday's low of 75. Bintang ( Date: 09-Jul-2009 23:11) Posted:
Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view .
richtan ( Date: 09-Jul-2009 22:51) Posted:
Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5
unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below) |
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Hi Bintang,
Not to worry, I trust tat u are a rational n sensible person and will not resort to such frivolous act..
If that person tat rate my post as bad, then rightfully, he/she should be constructive and have the guts to come out and admit tat he/she rated my post as bad and justify the reason n post in the forum to offer alternative views, rating it as bad does not add value to the forum.
OMG , dun tell me my fear is actualised, the pests is back with senseless rating and abused the rating system.
Frankly, I m not the least bothered by such childish act but just tat I detest forumer tat lacks moral standing and abuse the rating system Bintang ( Date: 09-Jul-2009 23:15) Posted:
Richtan , I m not the one to rate u bad post , I respect u .
richtan ( Date: 09-Jul-2009 22:51) Posted:
Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5
unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below) |
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Richtan , I m not the one to rate u bad post , I respect u . richtan ( Date: 09-Jul-2009 22:51) Posted:
Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5
unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below) |
|
Richtan , can u point out if I m wrong ? Midas today made a technical rebound inline with the market , but to resume uptrend may be is an impossible task . Because the run up recently was too sharp n too fast , it created a big gap on 16 Jun after 65.5 cents . If the gap is not filled , then the uptrend would not sustain . Just my view . richtan ( Date: 09-Jul-2009 22:51) Posted:
Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5
unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below) |
|
Midas today formed a higher high n higher low white candle and may go up to test the resistance at 83.5
unless it breaks below yesterday's low of 75 with support at 69.5 n 66.5 (65ema) (see my chart below)
Thanks daphnecsf for welcoming me back,
Still testing waters, but if jaws surfaced n I still get taunted or flame, I will still have to ignore it n no choice but to withdraw into my cocoon again as I have to abide by admin's reminder not to reply to such taunt/flame. daphnecsf ( Date: 09-Jul-2009 15:19) Posted:
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Alemak, maseratiq  (joking lah),
If my disappearance n re-appearance can make Midas go up, then I should do it more often, aka David Copperfield, then all HUAT AH!!! maseratiq ( Date: 09-Jul-2009 16:12) Posted:
| RichTan returns and Midas moves...thanks! |
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RichTan returns and Midas moves...thanks!
Welcome back Richtan! :)
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