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Midas

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JJSeng
    29-Jun-2009 15:29  
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Hi!  0.815 or 0.845

Bintang      ( Date: 29-Jun-2009 10:17) Posted:

Very strong resistant at 84.5 cents .

 
 
Bintang
    29-Jun-2009 10:17  
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Very strong resistant at 84.5 cents .
 
 
daphnecsf
    29-Jun-2009 10:08  
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:)
Top 10 BB (Shareholders) As At 20 March 2009


(1) 16.89%   DBS NOMINEES PTE LTD                                142,639,033 Shares
(2) 14.20%   CHEN WEIPING                                              119,905,200 Shares
(3) 12.81%   CITIBANK NOMINEES SINGAPORE PTE LTD   108,183,413  Shares
(4)  7.97%    HSBC (SINGAPORE) NOMINEES PTE LTD          67,326,000 Shares
(5)  6.09%    CHEW HWA KWANG PATRICK                           51,411,800 Shares
(6)  5.57%    UOB KAY HIAN PTE LTD                                     47,004,000 Shares
(7)  5.10%    DBSN SERVICES PTE LTD                                   43,021,000 Shares
(8)  3.19%    DMG & PARTNERS SECURITIES PTE LTD           26,920,000 Shares
(9)  3.08%    RAFFLES NOMINEES PTE LTD                            26,000,112 Shares
(10) 2.85%   TOMMIE GOH THIAM POH                                  24,086,400 Shares



Number of Issued Shares (excluding Treasury Shares) : 844,367,800
Class of shares : ordinary shares


Based on information available to the Company as at 20 March 2009, approximately 57.56% of the issued ordinary shares of the Company is held by the public
and, therefore, Rule 723 of the Listing Manual issued by the Singapore Exchange Securities Trading Limited is complied with.


http://midas.listedcompany.com/misc/ar2008.pdf
 

 
knightbridge
    26-Jun-2009 19:11  
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Patience wait for them to fulfill the customers order.. Sweet... $$$$

knightbridge      ( Date: 16-Jun-2009 22:34) Posted:

Congrats to all long term investor of midas.. Patience do pay well...

knightbridge      ( Date: 09-Jun-2009 19:33) Posted:

I am still buying my way up.. Vested since 28 cent , bulk buy at 35 and 50 cent and still buying at 70 cents ... Please try your best to short it down so that I can accumulate more MIDAS shares...

Can read my earlier post.. I am bullish on MIDAS... hee hee...$$$$$$$$$$$



 
 
richtan
    26-Jun-2009 15:45  
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Congrats to those having n holding onto Midas.

 

As per my TA analysis, Midas is moving up with higher volume than yesterday n 79.5 had become the support.



richtan      ( Date: 26-Jun-2009 09:37) Posted:



Below is my TA analysis, but dyodd.


 
 
foucs6900
    26-Jun-2009 15:22  
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is cooking hot nw
 

 
richtan
    26-Jun-2009 11:35  
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Yes, I agree tat mkt is irrational but just feel strongly not right to post rumours till it is confirmed fact.

I strongly believe in trade based on facts n not trade getting clouded emotionally by rumours n hearsay.

On the other hand, wat if as it is a rumour tat is not true n u kena played to holland..

People with ulterior motives, may plant rumours, hoping to achieve their agenda.

I m a firm believer in trading based on FA n TA n not based on hearsay, very dangerous fire-playing.



rextay      ( Date: 26-Jun-2009 10:10) Posted:

Just sharing. Share market is irrational. Rumour sometime is true when it is too late.

richtan      ( Date: 26-Jun-2009 09:44) Posted:

I think it is better to post facts n figures or TA / FA analysis rather than post about or intentionally spread rumours n turn this forum into a rumour-mongering forum, not a healthy sign. Lets add value to this forum based on facts, figures n analysis


 
 
rextay
    26-Jun-2009 10:10  
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Just sharing. Share market is irrational. Rumour sometime is true when it is too late.

richtan      ( Date: 26-Jun-2009 09:44) Posted:

I think it is better to post facts n figures or TA / FA analysis rather than post about or intentionally spread rumours n turn this forum into a rumour-mongering forum, not a healthy sign. Lets add value to this forum based on facts, figures n analysis.

rextay      ( Date: 26-Jun-2009 09:35) Posted:

Lost Steam. Rumour there is a right issues on the way. Offloaded oledi.


 
 
richtan
    26-Jun-2009 09:44  
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I think it is better to post facts n figures or TA / FA analysis rather than post about or intentionally spread rumours n turn this forum into a rumour-mongering forum, not a healthy sign. Lets add value to this forum based on facts, figures n analysis.

rextay      ( Date: 26-Jun-2009 09:35) Posted:

Lost Steam. Rumour there is a right issues on the way. Offloaded oledi.

 
 
richtan
    26-Jun-2009 09:37  
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Below is my TA analysis, but dyodd.

 

 
rextay
    26-Jun-2009 09:35  
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Lost Steam. Rumour there is a right issues on the way. Offloaded oledi.
 
 
ozone2002
    26-Jun-2009 08:52  
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MIDAS is reaching over bought levels based on TA..

DYODD
 
 
richtan
    25-Jun-2009 22:11  
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richtan      ( Date: 25-Jun-2009 10:15) Posted:

I dun get wat u mean, my posting is about Midas (not SAR)  in this Midas thread

Laulan      ( Date: 25-Jun-2009 10:11) Posted:

What has it got to do with SAR?


richtan      ( Date: 25-Jun-2009 22:10) Posted:

U got the wrong message, I m asking Laulan, read tthe appended message

maseratiq      ( Date: 25-Jun-2009 21:59) Posted:

What I meant was this Midas run is quite like Straits Asia for me ( some similarities, in my own opinion at least).

I bought SAR and held on until I sold off. Never thought of averaging up (buying more) even though I had a substantial amount bought at 85 cents. 

Hence, my lesson learnt has resulted in a different strategy this time round for Midas.....and I hope it works.

Go Midas! 



 
 
richtan
    25-Jun-2009 22:10  
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U got the wrong message, I m asking Laulan, read tthe appended message

maseratiq      ( Date: 25-Jun-2009 21:59) Posted:

What I meant was this Midas run is quite like Straits Asia for me ( some similarities, in my own opinion at least).

I bought SAR and held on until I sold off. Never thought of averaging up (buying more) even though I had a substantial amount bought at 85 cents. 

Hence, my lesson learnt has resulted in a different strategy this time round for Midas.....and I hope it works.

Go Midas! 



richtan      ( Date: 25-Jun-2009 10:15) Posted:

I dun get wat u mean, my posting is about Midas (not SAR)  in this Midas threa


 
 
maseratiq
    25-Jun-2009 21:59  
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What I meant was this Midas run is quite like Straits Asia for me ( some similarities, in my own opinion at least).

I bought SAR and held on until I sold off. Never thought of averaging up (buying more) even though I had a substantial amount bought at 85 cents. 

Hence, my lesson learnt has resulted in a different strategy this time round for Midas.....and I hope it works.

Go Midas! 



richtan      ( Date: 25-Jun-2009 10:15) Posted:

I dun get wat u mean, my posting is about Midas (not SAR)  in this Midas thread

Laulan      ( Date: 25-Jun-2009 10:11) Posted:

What has it got to do with SAR?


 

 
richtan
    25-Jun-2009 16:00  
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Alemak, give up, always want to get jumbled up, re-try, sav as text 1st then copy:

From Lim n TanMIDAS HOLDINGS


Continued Order Wins

• MIDAS has secured another contract worth
RMB70mln to supply aluminium alloy extrusion profiles
for a total of 240 train cars for inter-city high speed
train “CRH5 EMU” project with speeds up to 250 km/h
from CNR Changchun Railway Vehicles Co Ltd.
The contract is expected to be fulfilled between 2H2009
to 2010.


• The latest contract is the fifth contract they have secured
for inter-city high speed train projects in 2 weeks,
bringing the total contracts secured in the last 2 weeks
to RMB845mln, boosting their order books by 141% to
S$289mln (RMB1.445bln) which will keep them busy
for the next 2 years.


•Management will continue to work very hard to pursue
upcoming project orders and capitalize on the rail
infrastructure boom in China. Based on management’s
target, they are targeting to go after another
RMB655mln worth of potential new orders.


• The 50% capacity increase early next year will come in
very handy in accomodating these new orders and
management is planning to add another 33% new
capacity in 2011 to cope with further order wins.


• The stock having recovered a strong 208% since hitting
its low of 25 cents in Oct’08 has outperformed the
market reflecting its robust prospects. Despite this, its
2010 PE of 12-13x remains undemanding relative to its
expected growth rate of 30-35%, hence we maintain
BUY.

Exhibit 2: Order Books

Exhibit 2: Order Books

Number Of

Train Cars Value

(Rmb mln)

Feb ‘07 80 27.6

May ‘07 306 71.0

Jul ‘07 156 58.5

Aug ‘07 192 50.2

Sept ‘07 144 37.5

Mar ‘08 246 61.9

Jun ‘08 170 37.4

Jun ‘08 348 158.0

Jun ‘08 162 57.3

Sept ‘08 66 24.0

Dec ‘08 140 66.2

Jun ‘09 1600 603.0

Jun ‘09 480 172.0

Jun’09 240 70.0

MIDAS has secured another contract worth
MIDAS has secured another contract worth
RMB70mln to supply aluminium alloy extrusion profiles
for a total of 240 train cars for inter-city high speed
train “CRH5 EMU” project with speeds up to 250 km/h
from CNR Changchun Railway Vehicles Co Ltd.
The contract is expected to be fulfilled between 2H2009
to 2010.
The latest contract is the fifth contract they have secured
for inter-city high speed train projects in 2 weeks,
bringing the total contracts secured in the last 2 weeks
to RMB845mln, boosting their order books by 141% to
S$289mln (RMB1.445bln) which will keep them busy
for the next 2 years.
Management will continue to work very hard to pursue
upcoming project orders and capitalize on the rail
infrastructure boom in China. Based on management’s
target, they are targeting to go after another
RMB655mln worth of potential new orders
MIDAS has secured another contract worth
RMB70mln to supply aluminium alloy extrusion profiles
for a total of 240 train cars for inter-city high speed
train “CRH5 EMU” project with speeds up to 250 km/h
from CNR Changchun Railway Vehicles Co Ltd.
The contract is expected to be fulfilled between 2H2009
to 2010.
The latest contract is the fifth contract they have secured
for inter-city high speed train projects in 2 weeks,
bringing the total contracts secured in the last 2 weeks
to RMB845mln, boosting their order books by 141% to
S$289mln (RMB1.445bln) which will keep them busy
for the next 2 years.
Management will continue to work very hard to pursue
upcoming project orders and capitalize on the rail
infrastructure boom in China. Based on management’s
target, they are targeting to go after another
RMB655mln worth of potential new orders
RMB70mln to supply aluminium alloy extrusion profiles
for a total of 240 train cars for inter-city high speed
train “CRH5 EMU” project with speeds up to 250 km/h
from CNR Changchun Railway Vehicles Co Ltd.
The contract is expected to be fulfilled between 2H2009
to 2010.
The latest contract is the fifth contract they have secured
for inter-city high speed train projects in 2 weeks,
bringing the total contracts secured in the last 2 weeks
to RMB845mln, boosting their order books by 141% to
S$289mln (RMB1.445bln) which will keep them busy
for the next 2 years.
Management will continue to work very hard to pursue
upcoming project orders and capitalize on the rail
infrastructure boom in China. Based on management’s
target, they are targeting to go after another
RMB655mln worth of potential new orders
MIDAS has secured another contract worth
RMB70mln to supply aluminium alloy extrusion profiles
for a total of 240 train cars for inter-city high speed
train “CRH5 EMU” project with speeds up to 250 km/h
from CNR Changchun Railway Vehicles Co Ltd.
The contract is expected to be fulfilled between 2H2009
to 2010.
The latest contract is the fifth contract they have secured
for inter-city high speed train projects in 2 weeks,
bringing the total contracts secured in the last 2 weeks
to RMB845mln, boosting their order books by 141% to
S$289mln (RMB1.445bln) which will keep them busy
for the next 2 years.
Management will continue to work very hard to pursue
upcoming project orders and capitalize on the rail
infrastructure boom in China. Based on management’s
target, they are targeting to go after another
RMB655mln worth of potential new orders
MIDAS has secured another contract worth
RMB70mln to supply aluminium alloy extrusion profiles
for a total of 240 train cars for inter-city high speed
train “CRH5 EMU” project with speeds up to 250 km/h
from CNR Changchun Railway Vehicles Co Ltd.
The contract is expected to be fulfilled between 2H2009
to 2010.
The latest contract is the fifth contract they have secured
for inter-city high speed train projects in 2 weeks,
bringing the total contracts secured in the last 2 weeks
to RMB845mln, boosting their order books by 141% to
S$289mln (RMB1.445bln) which will keep them busy
for the next 2 years.
Management will continue to work very hard to pursue
upcoming project orders and capitalize on the rail
infrastructure boom in China. Based on management’s
target, they are targeting to go after another
RMB655mln worth of potential new orders
MIDAS has secured another contract worth
RMB70mln to supply aluminium alloy extrusion profiles
for a total of 240 train cars for inter-city high speed
train “CRH5 EMU” project with speeds up to 250 km/h
from CNR Changchun Railway Vehicles Co Ltd.
The contract is expected to be fulfilled between 2H2009
to 2010.
The latest contract is the fifth contract they have secured
for inter-city high speed train projects in 2 weeks,
bringing the total contracts secured in the last 2 weeks
to RMB845mln, boosting their order books by 141% to
S$289mln (RMB1.445bln) which will keep them busy
for the next 2 years.
Management will continue to work very hard to pursue
upcoming project orders and capitalize on the rail
infrastructure boom in China. Based on management’s
target, they are targeting to go after another
RMB655mln worth of potential new orders
 
 
richtan
    25-Jun-2009 15:36  
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From Lim n Tan:

��

RMB70mln to supply aluminium alloy extrusion profilesCNR Changchun Railway Vehicles Co Ltd.�� The latest contract is the fifth contract they have secured

for a total of 240 train cars for inter-city high speed

train “CRH5 EMU” project with speeds up to 250 km/h

from

The contract is expected to be fulfilled between 2H2009

to 2010.

for inter-city high speed train projects in 2 weeks,�� Management will continue to work very hard to pursue

bringing the total contracts secured in the last 2 weeks

to RMB845mln, boosting their order books by 141% to

S$289mln (RMB1.445bln) which will keep them busy

for the next 2 years.

upcoming project orders and capitalize on the rail

infrastructure boom in China. Based on management’s

target, they are targeting to go after another

RMB655mln worth of potential new orders.

�� The 50% capacity increase early next year will come in

very handy in accomodating these new orders and�� The stock having recovered a strong 208% since hitting

management is planning to add another 33% new

capacity in 2011 to cope with further order wins.

its low of 25 cents in Oct’08 has outperformed the

market reflecting its robust prospects. Despite this, its

2010 PE of 12-13x remains undemanding relative to its

expected growth rate of 30-35%, hence we maintain

BUY.

Exhibit 2: Order Books

Number Of

Train Cars Value

(Rmb mln)

Feb ‘07 80 27.6

May ‘07 306 71.0

Jul ‘07 156 58.5

Aug ‘07 192 50.2

Sept ‘07 144 37.5

Mar ‘08 246 61.9

Jun ‘08 170 37.4

Jun ‘08 348 158.0

Jun ‘08 162 57.3

Sept ‘08 66 24.0

Dec ‘08 140 66.2

Jun ‘09 1600 603.0

Jun ‘09 480 172.0

Jun’09 240 70.0
MIDAS has secured another contract worth

 
 
richtan
    25-Jun-2009 14:52  
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Congrats to those having n holding onto Midas.

 

More good news, more contracts awarded.

From DBSV:

Midas has won another RMB70mil contract for the supply of

aluminum alloy products to CNR Railway Vehicles. This is the

5th contract award to Midas in China in 2 weeks, bringing the

total value of contract wins during this period to RMB856mil.

On a separate note, the chief planner with the Ministry of

Railways said that around 13,000 km of high-speed railways

capable of handling trains traveling at more than 200kmph

could be completed and put into service by 2012, this

according to China Daily. Construction of 5,000 km of highspeed

railways will begin soon.


 

 
 
richtan
    25-Jun-2009 14:49  
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Congrats to those having n holding onto Midas.

Wow!!! Getting more n more "anal"-ist upping thier tgt price



JJSeng      ( Date: 25-Jun-2009 14:38) Posted:

CS-raised the TP to $1.05

 
 
JJSeng
    25-Jun-2009 14:38  
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CS-raised the TP to $1.05
 
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