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Midas Holdings: Evaluating listing in HK. Maintain BUY.
Summary: Midas Holdings (Midas) announced today that it is planning a secondary listing of its shares on the Main Board of the Stock Exchange of Hong Kong. Midas has appointed Credit Suisse (Hong Kong) to assist the group in evaluating and preparing for this listing. Mr Patrick Chew, CEO, says that Midas "is now ready to take Midas towards the next development phase and is optimistic that a listing on both the Singapore and Hong Kong bourses will allow Midas to tap into a wider investor base, increase liquidity and enhance the stock value." Hong Kong valuations tend to be richer and this could bode well for dual-listed Singapore stocks. Maintain BUY, fair value of S$1.05. (Kelly Chia OCBC research)
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be patient.. midas has to break 90.5 to fly further up...
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1.28!.. yes.. moving up baby!
ozone2002 ( Date: 21-Sep-2009 10:32) Posted:
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spot on on the breakout..:)
technicals now trending up..
DYODD
ozone2002 ( Date: 18-Sep-2009 09:32) Posted:
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It's moving!!!!!!! .. good vol buy up |
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THE GIANT HAS AWAKEN!!!!
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OK UTD supporters i got the low down..from THEEDGE
UTD is gg for China's BIGGEST municipal wastewater project using membrane bioreactor technology.
Result will only be announced after the China holidays in the 1st week of Oct.
Utd current order bk is $30 mil, the project is vying for is valued at MORE than $50 mil.
CEO Lin adds that the company might also consider a share placement, although such a prospect is unlikely at its current share price, which he feels is too low.
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i go read the story 1st then let u know the details
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let's not talk abt the past..hindsight
talk abt the present n the future..what are u doing now to ur portfolio
iPunter ( Date: 21-Sep-2009 15:08) Posted:
Seriously, it is not a joke to talk about using the 'PAI' for trading purposes...
And I still remember very clearly just a little while back (in 2007), when I saw the newspapers announcing fiercely that restaurants and
'high class' eating places were all packed full house with long queues, and it's very difficult to get a place to sit.
That was the time I immediately dumped all my stocks, every single counter I had.
And shortly after that, the stock market sank, slowly, bit by bit, day by day, unnoticed, until it became the big meltdown that we just saw...
Thus, if we are not observant, there can be indicators that we normally ignore... 
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dble order bk! ...50c liao.. keke
lawcheemeng ( Date: 21-Sep-2009 13:52) Posted:
| may be the reason for it to jump....anybody can get hold a copy for full story.....
Home
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Written by The
Edge
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Thursday, 17 September 2009 10:00 |
Utilisation
rates of everything from offshore rigs and new MRT lines to commercial
buildings and integrated resorts could stay weak even as a recovery
unfolds. Although companies have used the market rebound to fortify
their balance sheets and ride through it, investors who buy now might
be disappointed. Subscribe to The Edge Singapore now
Also in issue 388
- Edgewise: Welcome to Singapore, Victor Levin
- KDDI’s funding and contacts may boost DMX’s push into China
- Stratech Systems on target as it takes iFerret, Super BullsEye II global
- United Envirotech bets on Guangdong project win to double order book
- New phones give SingTel an edge, but margin pressure clouds long-term outlook
- Cruise-centre win could seal Koon Holdings’ reputation as major civil engineering play
- Ezra Holdings pulls ahead on lower capex, deepwater demand and firming charter rates
- Underwear manufacturer Great Group Holdings keeps its shape in tough times
- Foreign funds cut stakes in CDL Hospitality Trusts, Petra Foods
Download subscription form and fax to us now  | e this is the reason for this one to jump so much.....any body got hold of a copy of the egde?????
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spot on on the breakout..:)
technicals now trending up..
DYODD
ozone2002 ( Date: 18-Sep-2009 09:32) Posted:
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It's moving!!!!!!! .. good vol buy up
ozone2002 ( Date: 17-Sep-2009 15:10) Posted:
rotary bollinger bands are tight..
technical indicators are oversold..
time for a move to the upside..
vested 1.21 |
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The media clouds our minds from using our common sense..
i hope retailers can realise that this is a fake "rally"
the next shoe will drop and it will be very hard and painful...
it will get u when u least expect it..
bennykusman ( Date: 20-Sep-2009 11:55) Posted:
hi Ozone, i agree with you.. but again, nobody knows if it's a good sign or not.. personally, i think the market will be corrected again probably next week ?
ozone2002 ( Date: 20-Sep-2009 11:46) Posted:
 click on chart to enlarge
Why is the 30 day U.S. Treasury Bill yield plunging to 0%? Is there some economic or financial calamity around the corner? Why is smart money buying the safest securities when they yield nothing? Why are corporate insiders selling their stock like mad? Why is the U.S. dollar declining on almost a daily basis? Why is gold stubbornly holding above $1,000 ounce? But the stock market keeps going up, you say. Things must be fine you say. Something just isn't right. |
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click on chart to enlarge
Why is the 30 day U.S. Treasury Bill yield plunging to 0%? Is there some economic or financial calamity around the corner? Why is smart money buying the safest securities when they yield nothing? Why are corporate insiders selling their stock like mad? Why is the U.S. dollar declining on almost a daily basis? Why is gold stubbornly holding above $1,000 ounce? But the stock market keeps going up, you say. Things must be fine you say. Something just isn't right.
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i disposed most of my holdings ard 30-37c..
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nice write up..good potential..
waiting for price to subside before entering.. still in infant stages..
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i'm worried at utdenvirotech's vol on fri..
80 mil! tat's 20% of market cap.. i pared down a significant amount of holdings in Utd ..
now just riding cos i bought it on the cheap.. so not much loss to me if it were to reverse..
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At this stage where the market has rallied significantly, i think the better places to allocate ur money is into
1) natural resources e.g gold, oil, palm oil, commodity, food,water
2) tangible assets e.g housing
3) blue chips that deal with any of the above 2.
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Longer-term, I think we’re headed for a currency crisis, and you’re going to want to own physical gold and silver — American gold and silver eagle gold coins are a great place to start, as well as silver “rounds,” or one-ounce silver coins produced by various mints.
I also think that even in a currency crunch, stocks of miners that are leveraged to the price of gold and silver should still do well, especially foreign-based miners. And other hard assets should also do well longer-term if the dollar sinks.
The power players in Washington and on Wall Street are sowing the thunder. A storm is coming. Sitting still just makes you a target. Get busy, and you can protect yourself and potentially profit handsomely.
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FOOD FOR THOUGHT
September 15th, 2008, a day that will live in infamy. Famous words, much the same, made in 1941 by our President Franklin D. Roosevelt. As the one year anniversary of the Lehman Brothers collapse approaches, I find myself looking at the economic picture and wondering if we really dodged a bullet or if we traded in our single shot rifle pointed at our head for an semi automatic? Did we really just blow up the asteroid, on a crash collision with Earth, or just shatter it into a million more deadly pieces? Our government, Treasury and Federal Reserve all claim we have averted disaster, apparently the recession is over. I would be thrilled to believe this, I truly would, but let us look at the facts.
As I look over my notes and calculations I find some interesting issues and facts popping up. For instance, would it surprise any of you that far more banks are in trouble now than 6 months ago? The markets are up more than 50% from March, we have been told the recession is over, but more banks are in trouble than ever before. Last year a total of 25 banks failed, this year so far 89 have failed and hundreds more will most likely fail. When I first learned of that fact, it shocked me. If the economy is almost out of this mess, out of recession, how is it that far more banks are in trouble than at the height of the financial crisis?
The recession has been called the worst since the Great Depression. However, the most depressing part of it and what should make everyone of you angry is how the recovery is being portrayed. The term being used is "jobless recovery". As my readers, do you truly know what that means? What is a jobless recovery? How can you have a recovery without jobs (consumer spending)? Simply put, a jobless recovery is one where the jobless consumers do not spend (because they are out of work); therefore the government must pick up the slack and spend for them/us. OK, that is very nice of them, but wait; government spending is actually your and my dollars at work? So in reality a jobless recovery is just another term for the government printing trillions of dollars, mortgaging the future, creating another bubble in order to bail us out of this mess. When the government spends money, they must sell bonds/treasuries. In order to do that, they must get other countries to buy them. Other countries buy these treasuries, then give us money; this money is then spent recklessly due to pet projects, lobbyists and ignorant politicians. Should the "jobless recovery" takes hold, it means we have spent ourselves into a future mess that could even be worse than this latest debacle and as long as it is jobless, the only way to SUSTAIN itself is to have the government continue to spend!
You may ask why? Why is government debt so bad if it gets us out of this horrible recession? Well, for starters, the more debt a country runs up, the less their currency is valued out. In other words, each of your and my dollars is worth less. Take this example, if you have one apple and auction it off as the only remaining apple on planet earth, how much money is it worth? Now, what if you had a trillion apples, how much is each one worth? Of course, the last remaining apple is worth much more than one of the trillion apples. This is the same with the dollars. As strange as it may seem, causing the devaluation of a currency acts as a tax on each member of that country. Think about this. Someone has a 401k with $100,000 in it. That can buy 100,000 apples. Now the dollar's value is cut in half because of massive government spending and deficits. All of a sudden, your $100,000 401k only buys 50,000 apples. If you want to see people suffer? Think about that wealth destruction of that! Not only does this have a taxing effect on a countries people, but in the long run, the US government must raise taxes to in the very least, pay the interest on this debt. No doubt about it. These foreign countries eventually will need to be paid back. To do so, the government must raise taxes. There is NO free lunch over the long term.
The scary thing is what is coming in the next decade. What happens between 2010 and 2020? If we thought this was bad, what happens when taxes spike or the dollar collapses....or both? Like Germany, after WWI, what happens if it ever takes a wheel barrow full of money to buy a loaf of bread? Could this ever happen? This course we are on is scary. Just another bubble in the making after the last 10. We have been told we are finally out of the recession, yet the tracks we are laying could be even more deadly for this country. A "jobless recovery" is just another term for YOUR dollars and debt on each and every one of YOU being used to finance a "fake" recovery. If you understand one thing, understand that!
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i took my capital from Utd and vested in novena.. can buy more shares thus make more profit..
when utd rises, novena will also rise because it has deemed shares in utd.
u do the maths :)
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definitely something brewing..
overheard from NRA capital that there's rumors of a china company wanting to RTO the company..
not sure how true..
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so fast gone? .. impressive
ozone2002 ( Date: 18-Sep-2009 11:47) Posted:
so many seller @ 32.5... just waiting to get cleard.. |
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