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Good News, Good News because there is no bad News.
Huat Ah.WanSiTong ( Date: 12-Aug-2013 12:00) Posted:
This one No news is good news!! lol
SLC888 ( Date: 12-Aug-2013 11:54) Posted:
The Last Profit Guidance was announced 3 days before result. Hopefully no announcement today.
Huat Ah!
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MIDAS 2Q 2013 result shell be higher then 1Q 2013.
compare with last year 2012 2Q with Revenue 219 Milion Cost of sales (150,583) Gross profit 69,259 Milion.
MIDAS 1Q 2013 Revenue 209 Milion.
2Q 2013 Revenue 290 Milion , Gross profit 150 Milion ??
Sense & Response
MIDAS (S$0.49 BUY)
Bullets in sight Analyst: Yeo Kee Yan+65 6398 7955
- Positive - CSR to increase annual FAI by RMB10bil & resume spending for locomotives, bullet trains & rolling stock with RMB50bil orders
- Accumulate at $0.485 near-term support, trading levels $0.505 and $0.53, fundamental TP $0.60
Potential positive - China state-owned company, China Railway Corp (CSR) will spend more than RMB50bil in its first large-scale train purchases that include locomotives, bullet trains and rolling stock to meet rising transport demand, according to Xinhua News Agency. The orders follow the Chinese government pledge last month to speed up rail investment, especially in central and western regions, promote urbanization and help boost the economy. The call for tenders for bullet trains, which Xinhua said CSR will make soon, will end the interruption in place since the 2011 high-speed train crash near Wenzhou that killed 40 people. CSR will also increase its annual investment in fixed assets by RMB10bil to RMB660bil. China will add 5,500km of new track this year that brings the total to more than 100,000km by end-2013, prompting CSR to expand capacity.
Expect shares of Midas to be underpinned by optimism of resumption in bullet train and rolling stock orders by CSR.
Fundamental - While the upcoming 2QFY13 results release (Aug 14) is unlikely to be exciting, DBSV Research views Midas shares as attractively priced as it currently trades below 1x P/B, which is attractive for a stock that is due for an earnings recovery from 2H13 onwards. Our fundamental TP is $0.60.
Technical ? Optimism of resumption in bullet train and rolling stock orders by CSR should underpin the stock at the $0.48 near-term support that coincides with the 15-day EMA.
Action ?Accumulate at $0.485. Near-term trading levels are rather tight at $0.505 and $0.53. Should the anticipated HSR contract wins materialize in 2H, expect the stock to trend to the fundamental $0.60 TP.
This one No news is good news!! lol
SLC888 ( Date: 12-Aug-2013 11:54) Posted:
The Last Profit Guidance was announced 3 days before result. Hopefully no announcement today.
Huat Ah!
WanSiTong ( Date: 11-Aug-2013 19:34) Posted:
2Q2013 results will be out on Wednesday, 14 August 2013 at 9:30 a.m.
So far so good! No Profit Guidiance!! 
Huat ah |
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The Last Profit Guidance was announced 3 days before result. Hopefully no announcement today.
Huat Ah!
WanSiTong ( Date: 11-Aug-2013 19:34) Posted:
2Q2013 results will be out on Wednesday, 14 August 2013 at 9:30 a.m.
So far so good! No Profit Guidiance!!
Huat ah!
WanSiTong ( Date: 31-Jul-2013 19:17) Posted:
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Midas has been issuing Profit Guidance (PG) quarterly since 3rd qtr ended 30 Sept 2011. Hopefully they will stop issuing PG anymore from this qtr! Huat ar !
NOTICE OF BOARD MEETING
The board of directors (the ?Board?) of Midas Holdings Limited (the ?Company?) hereby announces that a meeting of the Board of the Company will be held on Wednesday, 14 August 2013 at 9:30 a.m. at which the Board will, among other matters, consider and approve the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended 30 June 2013 and its publication on the websites of the Singapore Exchange Securities Trading Limited and The Stock Exchange of Hong Kong Limited and consider the payment of an interim dividend, if any.
On behalf of the Board
Midas Holdings Limited
Chew Hwa Kwang, Patrick
Executive Director and
Chief Executive Officer
Hong Kong, 31 July 2013
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=884599& fileId=MidasHoldings_NoticeOfBoardMeeting_2Q2013-E.pdf |
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2Q2013 results will be out on
Wednesday, 14 August 2013 at 9:30 a.m.
So far so good! No Profit Guidiance!!
Huat ah!
WanSiTong ( Date: 31-Jul-2013 19:17) Posted:
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Midas has been issuing Profit Guidance (PG) quarterly since 3rd qtr ended 30 Sept 2011. Hopefully they will stop issuing PG anymore from this qtr! Huat ar !
NOTICE OF BOARD MEETING
The board of directors (the ?Board?) of Midas Holdings Limited (the ?Company?) hereby announces that a meeting of the Board of the Company will be held on Wednesday, 14 August 2013 at 9:30 a.m. at which the Board will, among other matters, consider and approve the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended 30 June 2013 and its publication on the websites of the Singapore Exchange Securities Trading Limited and The Stock Exchange of Hong Kong Limited and consider the payment of an interim dividend, if any.
On behalf of the Board
Midas Holdings Limited
Chew Hwa Kwang, Patrick
Executive Director and
Chief Executive Officer
Hong Kong, 31 July 2013
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=884599& fileId=MidasHoldings_NoticeOfBoardMeeting_2Q2013-E.pdf
Peter_Pan ( Date: 31-Jul-2013 18:20) Posted:
| The management is considering paying interim dividend. So i suspect the earnings must have improved. Anyway, like i said downside risk 0.46, upside risk 0.60. |
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Your money you decide. Analysts also not always zhun. Market is dynamic, anything can happen. Trust yourself, but even ownself fails sometimes.
happyharvest ( Date: 10-Aug-2013 22:19) Posted:
Your call for Ezra in the past not shun. Why should we trust you?
Peter_Pan ( Date: 01-Aug-2013 15:42) Posted:
| I have a 12-month target of $1.00 collecting dividends every quarter. |
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Your call for Ezra in the past not shun. Why should we trust you?
Peter_Pan ( Date: 01-Aug-2013 15:42) Posted:
| I have a 12-month target of $1.00 collecting dividends every quarter. |
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Railway Tenders Are Back
China Railway Investment Corp, a wholly funded company established by the now defunct Ministry of Railways, recently announced seven tenders for passenger trains and freight wagons worth tens of billions of yuan, the Beijing Times reported Wednesday.
These are the first batch of public tenders to be announced since the reform of the previous Ministry of Railways in March, when its responsibilities were transferred to the Ministry of Transport and China Railway Corp.
The report said that the total value of the public tenders of China Railway Corp this year is expected to top 100 billion yuan ($16.34 billion). The public tenders for bullet trains, which have been halted for over two years, are also expected to be resumed soon.
China to Boosts Railway Investment
State-owned railway giant China Railway Corporation (CRC) has announced a plan to raise fixed-asset investment to 660 billion yuan (106.5 billion U.S. dollars) this year to boost railway development.
The amount, 10 billion yuan more than the investment target set earlier this year, has been interpreted as a signal that greater investments will be made in infrastructure to boost the economy, sources with the CRC said.
About 5,500 kilometers of railway lines will be put in operation, bringing the total length of railways in operation to 100,000 km by the end of 2013. Express rails are expected to exceed 10,000 kilometers.
In the first seven months of this year, the CRC has invested 261.7 billion yuan in railway fixed assets, up 16 percent year on year.
The company also announced bidding worth more than 50 billion yuan since its establishment in March for locomotives, express trains and cargo carriers.
China Railway Corp. Launches Open Tender of Bullet Trains
China Railway Corporation announced on Tuesday that the corporation has started to purchase passenger trains and freight trains through open tender, Beijing Times reports.
According to the corporation, 226 passenger trains of type 25T and 500 passenger trains of type 25G will be purchased the corporation will also purchase 28,900 freight trains.
Since July, the corporation has started to invite tender for a project to purchase trains including bullet trains, passenger trains, locomotives and freight trains, and it is estimated that the total amount of money will reach about 100 billion yuan.
An insider from the railway corporation said there are two reasons to purchase trains, one is to enable the disposal of some old trains, and the other is the current shortage of trains.
This is the first time the China Railway Corporation has launched an open tender of trains since its establishment in March. Furthermore, this will be the first tender of bullet trains since the Wenzhou high-speed train accident on July 23rd, 2011.
Your money you decide. Recommended this counter when it was below 0.45.
Newbies be careful of too much selling here! Do your own homework! Trade with care!
I have a 12-month target of $1.00 collecting dividends every quarter.
This one has became a growth stock due to its exposure to China's high-speed railway developments. May see more dividends payouts in times to come. And it's the only counter listed in SGX with such exposure.
r u vested? tdy seem buying int is back? breakout 51 cents will c it go higher..
Peter_Pan ( Date: 01-Aug-2013 13:12) Posted:
| Fair value upgraded to 0.60. Good luck! |
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Fair value upgraded to 0.60. Good luck!
NO WORRY LIAO!
THIS TIME NO MORE PROFIT GUIDANCE.
This time got direction hind from the anouncement as follows:
" Consider the payment of an interim dividend, if any......"
RESULT must be GOOD
Midas has been issuing Profit Guidance (PG) quarterly since 3rd qtr ended 30 Sept 2011. Hopefully they will stop issuing PG anymore from this qtr! Huat ar !
NOTICE OF BOARD MEETING
The board of directors (the “Board”) of Midas Holdings Limited (the “Company”) hereby announces that a meeting of the Board of the Company will be held on Wednesday, 14 August 2013 at 9:30 a.m. at which the Board will, among other matters, consider and approve the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended 30 June 2013 and its publication on the websites of the Singapore Exchange Securities Trading Limited and The Stock Exchange of Hong Kong Limited and consider the payment of an interim dividend, if any.
On behalf of the Board
Midas Holdings Limited
Chew Hwa Kwang, Patrick
Executive Director and
Chief Executive Officer
Hong Kong, 31 July 2013
http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=884599& fileId=MidasHoldings_NoticeOfBoardMeeting_2Q2013-E.pdfPeter_Pan ( Date: 31-Jul-2013 18:20) Posted:
| The management is considering paying interim dividend. So i suspect the earnings must have improved. Anyway, like i said downside risk 0.46, upside risk 0.60. |
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Yes. Now can buy again at lower price is good since they are accumulating. Midas got chance to be re-rated to a higher price target.
alexmay ( Date: 31-Jul-2013 18:35) Posted:
Do you mean that your sell queue is eaten by DBS vickers or OCBC?
Peter_Pan ( Date: 31-Jul-2013 14:03) Posted:
| When the strongest bank bought from me days back, I knew they are accumulating even at that price. |
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